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    Accumulate Metro Brands, target price Rs 1231: Prabhudas Lilladher

    Synopsis

    Metro Brands Ltd. key Products/Revenue Segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2022.

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    Promoters held 74.2 per cent stake in the company as of 30-Jun-2023, while FIIs owned 2.61 per cent, DIIs 5.72 per cent.
    Prabhudas Lilladher has accumulate call on Metro Brands Ltd. with a target price of Rs 1231. The current market price of Metro Brands Ltd. is Rs 1098.95. Metro Brands Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 29890.77 Crore) operating in Leather sector.

    Metro Brands Ltd. key Products/Revenue Segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 596.89 Crore, up 6.04 % from last quarter Total Income of Rs 562.87 Crore and up 15.40 % from last year same quarter Total Income of Rs 517.23 Crore. Company reported net profit after tax of Rs 92.89 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 74.2 per cent stake in the company as of 30-Jun-2023, while FIIs owned 2.61 per cent, DIIs 5.72 per cent.
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