Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹162Cr
Rev Gr TTM
Revenue Growth TTM
-4.57%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

METROGLOBL
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -17.2 | 11.8 | -20.8 | 69.8 | -23.2 | 48.6 | 12.9 | -16.8 | -25.2 | -7.5 | 0.4 | 14.3 |
| 71 | 44 | 59 | 66 | 55 | 65 | 66 | 54 | 38 | 61 | 65 | 60 |
Operating Profit Operating ProfitCr |
| 7.0 | 6.1 | 4.0 | 3.6 | 5.6 | 6.7 | 4.0 | 5.0 | 11.9 | 5.1 | 6.1 | 7.6 |
Other Income Other IncomeCr | 4 | 0 | 1 | 3 | 8 | 5 | 3 | 1 | -10 | 3 | 3 | 5 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 | 3 | 3 | 5 | 11 | 9 | 5 | 3 | -5 | 6 | 4 | 10 |
| 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | -2 | 2 | 1 | 4 |
|
Growth YoY PAT Growth YoY% | 75.4 | -55.2 | -49.4 | 21.5 | 13.3 | 271.4 | 79.5 | -45.6 | -146.8 | -44.3 | -4.3 | 170.6 |
| 9.5 | 4.1 | 3.6 | 5.9 | 14.0 | 10.2 | 5.7 | 3.8 | -8.8 | 6.1 | 5.5 | 9.1 |
| 5.8 | 1.6 | 1.8 | 3.3 | 6.2 | 5.8 | 3.2 | 1.8 | -6.0 | 11.9 | 3.1 | 4.8 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 38.7 | -5.1 | -2.1 | -6.5 | 1.3 | -25.8 | 2.3 | -1.5 | -5.4 | -0.1 | 2.1 | 1.1 |
| 356 | 338 | 333 | 314 | 312 | 232 | 243 | 237 | 222 | 224 | 224 | 225 |
Operating Profit Operating ProfitCr |
| 5.6 | 5.5 | 5.0 | 4.3 | 6.3 | 5.8 | 3.7 | 4.5 | 5.8 | 4.7 | 6.6 | 7.3 |
Other Income Other IncomeCr | 5 | 1 | 2 | 11 | -2 | -1 | 2 | 6 | 12 | 12 | -3 | 0 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 3 |
Depreciation DepreciationCr | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 24 | 20 | 18 | 23 | 16 | 10 | 10 | 16 | 24 | 21 | 12 | 14 |
| 0 | 4 | 4 | 6 | 4 | 2 | 3 | 4 | 5 | 5 | 2 | 5 |
|
| 2.5 | -33.6 | -14.1 | 32.3 | -30.2 | -36.0 | -10.7 | 66.0 | 61.7 | -14.9 | -42.0 | 4.1 |
| 6.3 | 4.4 | 3.9 | 5.5 | 3.8 | 3.2 | 2.8 | 4.8 | 8.1 | 6.9 | 3.9 | 4.1 |
| 14.5 | 9.6 | 8.3 | 11.0 | 8.2 | 6.2 | 5.8 | 9.6 | 15.5 | 30.2 | 7.1 | 13.8 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 16 | 16 | 16 | 16 | 16 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| 228 | 243 | 257 | 307 | 309 | 290 | 319 | 340 | 343 | 377 | 384 | 396 |
Current Liabilities Current LiabilitiesCr | 72 | 96 | 68 | 81 | 71 | 9 | 8 | 25 | 15 | 36 | 5 | 10 |
Non Current Liabilities Non Current LiabilitiesCr | 50 | 53 | 32 | 31 | 18 | 6 | 5 | 5 | 5 | 2 | 4 | 4 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 257 | 293 | 260 | 298 | 275 | 170 | 152 | 178 | 209 | 193 | 175 | 188 |
Non Current Assets Non Current AssetsCr | 111 | 118 | 117 | 139 | 140 | 148 | 196 | 207 | 169 | 237 | 232 | 235 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 13 | 7 | 29 | 16 | 42 | -5 | 26 | -16 | -2 | 25 | 14 |
Investing Cash Flow Investing Cash FlowCr | -8 | -6 | -5 | 6 | -6 | -15 | -26 | -2 | 33 | -38 | -12 |
Financing Cash Flow Financing Cash FlowCr | 4 | -11 | -22 | -3 | -15 | -38 | -1 | -8 | -4 | -7 | -1 |
|
Free Cash Flow Free Cash FlowCr | 8 | 2 | 27 | 12 | 34 | -4 | 25 | -16 | -2 | 31 | 23 |
| 54.5 | 47.1 | 212.9 | 91.7 | 336.6 | -61.5 | 360.7 | -131.7 | -11.5 | 151.7 | 148.5 |
CFO To EBITDA CFO To EBITDA% | 61.1 | 37.4 | 164.8 | 116.0 | 202.1 | -34.6 | 273.1 | -140.2 | -16.2 | 224.5 | 88.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 95 | 109 | 140 | 125 | 89 | 42 | 68 | 93 | 87 | 167 | 157 |
Price To Earnings Price To Earnings | 4.0 | 7.0 | 10.3 | 7.0 | 7.1 | 5.3 | 9.5 | 7.9 | 4.6 | 10.2 | 16.6 |
Price To Sales Price To Sales | 0.3 | 0.3 | 0.4 | 0.4 | 0.3 | 0.2 | 0.3 | 0.4 | 0.4 | 0.7 | 0.7 |
Price To Book Price To Book | 0.4 | 0.4 | 0.5 | 0.4 | 0.3 | 0.1 | 0.2 | 0.3 | 0.3 | 0.5 | 0.4 |
| 4.8 | 6.1 | 9.1 | 8.4 | 1.1 | 0.9 | 4.6 | -3.4 | 4.8 | 17.0 | 9.4 |
Profitability Ratios Profitability Ratios |
| 9.8 | 6.8 | 6.8 | 7.1 | 8.8 | 9.1 | 6.5 | 6.0 | 7.7 | 7.1 | 8.5 |
| 5.6 | 5.5 | 5.0 | 4.3 | 6.3 | 5.8 | 3.7 | 4.5 | 5.8 | 4.7 | 6.6 |
| 6.3 | 4.4 | 3.9 | 5.5 | 3.8 | 3.2 | 2.8 | 4.8 | 8.1 | 6.9 | 3.9 |
| 8.0 | 6.4 | 5.5 | 6.4 | 5.2 | 3.9 | 3.1 | 4.6 | 6.9 | 5.3 | 3.0 |
| 9.7 | 6.0 | 4.9 | 5.5 | 3.8 | 2.6 | 2.1 | 3.4 | 5.4 | 4.2 | 2.4 |
| 6.4 | 3.8 | 3.6 | 4.1 | 3.0 | 2.5 | 2.0 | 3.1 | 5.1 | 3.8 | 2.3 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
MetroGlobal Limited is a publicly listed diversified conglomerate (BSE-listed) with core operations in **bulk commodity trading** and **real estate development**, supported by strategic financial investments. Originally formed in 2011 through the reverse merger of *Metrochem Industries Limited* and *Global Boards Limited*, the company transitioned from its legacy as a leading manufacturer of textile dyes and dye intermediates—divested to a Fortune 500 MNC in 2009—into a vertically integrated trading and real estate enterprise.
With over **four decades of industry experience** led by promoter Mr. Gautam M. Jain and strategic leadership from Mr. Rahul G. Jain, MetroGlobal has successfully repositioned itself as a reliable B2B intermediary and urban infrastructure developer, primarily in Gujarat. The company operates under the strategic pillars of **differentiation, diversification, and development**, maintaining transparency, governance, and client-centric values.
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### **Core Business Segments**
#### **1. Trading & Commodity Distribution**
MetroGlobal is a major player in the bulk import and distribution of industrial commodities across India, operating in five key verticals:
- Chemicals
- Textiles (grey and specialty fabrics)
- Minerals & Ores (e.g., chrome ore from South Africa and the USA)
- Metals (ferrous and non-ferrous)
- Precious Metals
**Key Operational Strengths:**
- **Global & Domestic Sourcing:** Strong long-term partnerships with manufacturers in China, the Middle East, the USA, and South Africa, complemented by growing domestic procurement to mitigate global trade volatility.
- **Bulk Procurement Power:** Leverages robust cash surplus and minimal borrowings to secure high-quality materials at discounted rates, achieving economies of scale.
- **Pan-India Warehousing Network:** Strategically located warehouses ensure efficient inventory management and prompt local deliveries.
- **Logistics & Technology:** Investments in logistics, real-time shipment tracking, and process optimization enhance supply chain efficiency and reduce costs.
- **Quality Assurance:** Rigorous quality control, premium packaging, and adherence to global standards uphold product integrity.
Despite past reliance on imports, the company strategically shifted toward **domestic sourcing post-2020** in response to global uncertainties, including the pandemic, ensuring supply continuity and cost competitiveness.
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#### **2. Real Estate Development**
MetroGlobal entered the real estate sector in **2011** as part of a strategic diversification initiative. It develops projects independently and through partnerships, focusing on **Gujarat**, particularly the industrial hubs of **Ankleshwar** and **Chattral**, as well as **Ahmedabad**.
**Project Portfolio Includes:**
- Residential apartments and row houses
- Commercial complexes and shopping malls
- Industrial sheds, warehouses, and offices
- Integrated mini-townships and industrial estates
**Key Development Vehicles & Projects:**
- **DK Metro Procon Private Limited (25% stake):** Developing an industrial estate in Chattral, offering plots, sheds, and commercial spaces.
- **Dual Metals Private Limited (45% stake):** Constructing 'Kalpvruksh', a commercial building in Ahmedabad.
- **Myspace Infracon LLP (25% stake):** Selling industrial plots in the Ankleshwar Industrial Belt.
- **Ganesh Infrastructure & PMZ Developers (Joint Venture):** Executing over **200,000 sq. meters** of mixed-use developments in Ankleshwar, including residential, commercial, and retail infrastructure.
- Projects are often executed through **Special Purpose Vehicles (SPVs)**, offering flexibility and risk management.
The company emphasizes **value per square foot**, **best-in-class construction quality**, and timely delivery, earning client trust and repeat business.
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### **Strategic & Financial Highlights**
- **Revenue Model:** Majority of revenues come from **repeat clients**, a testament to strong relationships built on **trust, transparency, on-time delivery, and quality assurance**.
- **Financial Stability:** Maintains **strong cash surplus**, minimal debt, and primarily uses **non-fund-based credit facilities** for trade finance. This allows agile procurement and working capital optimization.
- **Flexible Business Model:** Enables rapid adaptation to market changes, supporting expansion into new sectors and geographic areas.
- **Nationwide Reach:** Powered by an extensive distribution network and logistics partnerships, facilitating wide market penetration.
- **Governance & Transparency:** As a BSE-listed entity, the company emphasizes **corporate accountability**, with leadership deeply involved in both strategic vision and operational execution.
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### **Leadership & Governance**
- **Mr. Gautam M. Jain:** Founder, promoter, and key architect with over 40 years of experience in chemicals and trading industries. Director in multiple associated entities.
- **Mr. Rahul G. Jain:** Strategic leader for over a decade, instrumental in driving diversification and execution. Also holds directorships in related trading and chemical firms.
Both promoters maintain cross-holdings across chemical, real estate, and investment entities, ensuring alignment of interests and strategic cohesion.
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### **Associated Entities & Financial Involvement (as of 2021)**
MetroGlobal actively supports its real estate ventures through financial injections:
- ₹810.23 lakh loan to **DK Metro Procon Pvt Ltd**
- ₹758.85 lakh loan to **Ganesh Infrastructure**
- ₹546.69 lakh loan to **PMZ Developers**
- ₹141.31 lakh loan to **Myspace Infracon LLP**
- ₹6.94 lakh loan to **Metro Apptech LLP**
These investments reflect deep integration and financial commitment to its real estate portfolio.
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