Metroglobal Ltd (500159)
📢 Recent Corporate Announcements
Metroglobal Limited has dispatched letters to shareholders without registered email addresses regarding access to its FY 2025-26 Annual Report. The company's 34th Annual General Meeting is scheduled to be held on Friday, September 18, 2026, via video conferencing. The cut-off date for e-voting and the record date for the final dividend has been fixed as Friday, September 11, 2026, with dividend distribution commencing from September 29, 2026.
- 34th Annual General Meeting scheduled for September 18, 2026, at 11:30 a.m. IST via VC/OAVM
- Record date for final dividend and e-voting cut-off fixed as September 11, 2026
- Final dividend payment scheduled to commence from September 29, 2026
- Remote e-voting period open from September 15, 2026 (9:00 a.m.) to September 17, 2026 (5:00 p.m.)
Metroglobal Ltd has released its Annual Report for FY 2025-26 along with the notice for its 34th Annual General Meeting scheduled for September 18, 2026. For FY26, the company reported total income of ₹246.63 Cr (compared to ₹253.69 Cr in FY25) and profit after tax of ₹22.09 Cr with an EPS of ₹17.91. Net worth stood at ₹409.51 Cr as of March 31, 2026. This submission is a statutory disclosure of previously declared audited annual financials.
- Total income reported at ₹24,663.48 Lakhs (₹246.63 Cr) for FY 2025-26 vs ₹25,368.51 Lakhs in FY 2024-25
- Profit after tax stood at ₹2,209.09 Lakhs (₹22.09 Cr) with an EPS of ₹17.91
- Profit before tax for FY26 reached ₹3,103.22 Lakhs (₹31.03 Cr)
- Company net worth closed at ₹40,951.01 Lakhs (₹409.51 Cr) as on March 31, 2026
- 34th Annual General Meeting scheduled for Friday, September 18, 2026 via Video Conferencing
Metroglobal Limited has issued the notice for its 34th Annual General Meeting (AGM) to be held via Video Conference on Friday, September 18, 2026. The company proposes a final dividend of ₹2.50 per share (25% of ₹10 face value), with a total payout of ₹308.36 Lakhs (₹3.08 Cr). The record date to determine shareholder eligibility for the dividend and voting has been fixed as Friday, September 11, 2026. Other key agenda items include the 5-year re-appointments of Executive Chairman & MD Gautamkumar Jain and Whole-time Director Rahul Jain at an annual salary ranging between ₹72 lakh and ₹1.20 crore each.
- 34th AGM scheduled for Friday, September 18, 2026 at 11:30 AM IST via VC/OAVM.
- Recommended final dividend of ₹2.50 per equity share (face value ₹10) aggregating to ₹308.36 Lakhs.
- Record date for dividend and AGM voting fixed for Friday, September 11, 2026.
- Re-appointment of Managing Director Gautamkumar Jain and Whole-time Director Rahul Jain for 5 years with annual salary of ₹72,00,000 to ₹1,20,00,000 each.
Metroglobal Ltd has approved the re-appointment of Mr. Gautam M. Jain as Executive Chairman & Managing Director and Mr. Rahul G. Jain as Whole-time Director for five-year terms starting November 12, 2026. These appointments, recommended by the Nomination and Remuneration Committee, are subject to shareholder approval at the upcoming 34th Annual General Meeting. The leadership continuity is significant for the company, which maintains a high promoter holding of 74.73% and a substantial net worth of ₹408 Cr relative to its ₹210 Cr market cap. The company continues to focus on trading and real estate investments following its historical manufacturing demerger.
- Re-appointment of Mr. Gautam M. Jain (74) as Executive Chairman & MD for 5 years effective Nov 12, 2026.
- Re-appointment of Mr. Rahul G. Jain (42) as Whole-time Director for 5 years effective Nov 12, 2026.
- Promoter holding remains stable at 74.73% as of June 2026.
- Company reported TTM revenue of ₹236 Cr and a PAT of ₹22 Cr for FY26.
- Liquidity pool of approximately ₹165 Cr available for investment in real estate and inter-corporate deposits.
Metroglobal Ltd has approved its unaudited financial results for the quarter ended June 30, 2026, alongside several key corporate governance updates. The board has re-appointed Mr. Gautam M. Jain (Chairman & MD) and Mr. Rahul G. Jain (Whole-time Director) for five-year terms starting November 12, 2026. Additionally, the company is seeking shareholder approval to revise limits for loans and investments under Section 186, which is significant given its Rs 165 Cr liquidity pool. The 34th AGM is scheduled for September 18, 2026, with a dividend record date of September 11, 2026.
- Re-appointment of Executive Chairman and Whole-time Director for 5-year terms until November 2031
- Dividend record date fixed for September 11, 2026, with the 34th AGM on September 18, 2026
- Board approved revision of Section 186 limits for loans, guarantees, and investments, subject to shareholder approval
- Company maintains a significant liquidity position with a net worth of Rs 408 Cr against a market cap of Rs 210 Cr
- Management continues to leverage a historical Rs 165 Cr liquidity pool for real estate and inter-corporate deposits
Metroglobal's board has approved the Q1 FY27 financial results and the re-appointment of its top leadership for five-year terms starting November 2026. The company fixed September 11, 2026, as the record date for the dividend, with the 34th Annual General Meeting scheduled for September 18, 2026. A notable administrative move includes revising Section 186 limits for loans and investments, which is significant given the company's existing Rs 165 Cr liquidity pool used for inter-corporate deposits and real estate. Leadership continuity is maintained through the re-appointment of the Executive Chairman and Whole-time Director.
- Re-appointment of Chairman Gautam M. Jain and WTD Rahul G. Jain for 5-year terms until November 2031.
- Dividend record date fixed for September 11, 2026, for eligible shareholders.
- 34th Annual General Meeting (AGM) scheduled for September 18, 2026, via video conferencing.
- Board approved revision of Section 186 limits for loans, guarantees, and investments, pending shareholder approval.
- Unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026, were taken on record.
Metroglobal Ltd has scheduled a board meeting for August 07, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company, which operates in the trading and distribution sector, reported a TTM revenue of ₹236 Cr and a PAT of ₹22 Cr. This meeting follows a relatively weak March 2026 quarter where revenue dipped to ₹36.75 Cr compared to ₹64.89 Cr in the preceding quarter. The trading window for insiders has been closed since July 01, 2026, in compliance with SEBI regulations.
- Board meeting scheduled for August 07, 2026, to review Q1 FY27 performance.
- Trading window for designated persons closed from July 01, 2026, until 48 hours post-results.
- Company reported a TTM EPS of ₹14.16 against a current share price of ₹132.0.
- Latest quarterly revenue (Mar 2026) stood at ₹36.75 Cr, a significant drop from ₹64.63 Cr in Jun 2025.
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew 2.09% YoY to INR 239.68 Cr in FY25 from INR 234.77 Cr in FY24. Segments include trading of chemicals, textiles, minerals, and metals, alongside realty development and investments.
Geographic Revenue Split
Not disclosed in available documents; the company is domiciled in India with its registered office in Ahmedabad, Gujarat.
Profitability Margins
Profit After Tax (PAT) margin declined from 6.77% in FY24 to 3.91% in FY25. Profitability was impacted by an exceptional item expense of INR 16.94 Cr in FY25.
EBITDA Margin
Operating profit (PBILDT) margin was 6.91% in FY20. For FY25, the company reported a Profit Before Tax (PBT) of INR 11.47 Cr, down 45.1% YoY from INR 20.90 Cr in FY24.
Capital Expenditure
In FY25, the company saw a net inflow from fixed assets of INR 8.81 Cr (likely disposals), compared to a capital addition of INR 11.67 Cr in FY24.
Credit Rating & Borrowing
Credit Rating: CARE BBB+; Stable (Long-term) and CARE A2 (Short-term) for bank facilities totaling INR 45.54 Cr. Finance costs were INR 0.56 Cr in FY25, down 20.8% YoY from INR 0.70 Cr.
Operational Drivers
Raw Materials
Traded Chemicals, Textiles, Minerals, Ores, Metals, and Precious Metals (Stock-in-trade accounts for 84.5% of total revenue).
Capacity Expansion
The company demerged 90% of its manufacturing capacity in 2009 and currently focuses on trading and investments; no manufacturing expansion is planned.
Raw Material Costs
Purchases of stock-in-trade amounted to INR 202.67 Cr in FY25, representing 84.5% of revenue, compared to INR 229.69 Cr in FY24.
Manufacturing Efficiency
Not applicable as the company has no active manufacturing operations.
Strategic Growth
Expected Growth Rate
2.09%
Growth Strategy
Growth is targeted through revenue diversification in trading (textiles, minerals, metals) and leveraging a INR 165 Cr liquidity pool from a historical unit sale to invest in real estate ventures and inter-corporate deposits (ICDs) on a profit-sharing basis.
Products & Services
Wholesale traded chemicals, textiles, minerals, ores, metals, precious metals, and real estate development services.
Strategic Alliances
Historical sale of Vadodara unit to Huntsman International (India) Pvt. Ltd. (HIPL) for INR 165 Cr.
External Factors
Industry Trends
The chemical industry is cyclical and currently seeing a slow recovery; MGL is positioned as a wholesale trader to mitigate manufacturing-specific risks.
Competitive Landscape
Exposed to intense competition from unorganized players and price-sensitive market dynamics.
Competitive Moat
Moat consists of 25+ years of promoter experience and a strong liquidity position with cash and liquid investments exceeding outstanding debt (zero net debt in FY20).
Macro Economic Sensitivity
Highly sensitive to the chemical industry cycle and demand from end-user industries like textiles and dyes.
Consumer Behavior
Demand is driven by industrial users; sluggish demand in end-user industries directly impacts trading volumes.
Geopolitical Risks
Global pandemic disruptions previously led to a 30% YoY decline in total operating income during Q1FY21.
Regulatory & Governance
Industry Regulations
Compliance with Ind AS and the Companies Act 2013; auditors issued an unmodified opinion on internal financial controls over financial reporting.
Environmental Compliance
Not disclosed; historical manufacturing units were subject to pollution norms.
Taxation Policy Impact
Effective tax rate for FY25 was approximately 21.6% (INR 2.48 Cr current tax on INR 11.47 Cr PBT).
Legal Contingencies
Pending litigations related to disputed tax liabilities as mentioned in Annexure A point (vii) of the Auditor's Report.
Risk Analysis
Key Uncertainties
Risks associated with sizeable investments in the cyclical real estate sector and potential delinquency in inter-corporate deposits (ICDs).
Geographic Concentration Risk
Operations are primarily centered in Gujarat, India.
Technology Obsolescence Risk
Low risk for trading operations; the company maintains standard internal financial controls for reporting.
Credit & Counterparty Risk
Exposure to various entities through ICDs; interest income (INR 17.85 Cr in FY19) is dependent on counterparty business risks.