Metro Brands Limited has informed the Exchange about Credit Rating
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Care Edge Ratings has reaffirmed Metro Brands Limited's credit rating at 'AA' with a Stable outlook for long-term bank facilities and 'A1+' for short-term facilities. The company's bank facilities have been enhanced from ₹46 crore to ₹56 crore. The reaffirmation reflects MBL's strong market position as India's largest footwear retailer by market capitalisation, consistent operational performance with FY25 total operating income of ₹2,509.65 crore (up 6.4% YoY), and robust financial risk profile with ample liquidity and low gearing. The company has no external long-term debt and maintains free cash and liquid investments of ₹785.29 crore as of March 31, 2025. The rating also considers the company's asset-light business model, extensive store network of 990 stores across 212 cities, and partnerships with global brands including Crocs, FILA, Clarks, and New Era.
The reaffirmation of AA rating with stable outlook signals continued financial strength and creditworthiness, which is positive for investors and reduces borrowing costs. The enhanced credit facility provides additional liquidity headroom for growth plans.