Mirza International
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Mirza International share price

Mirza International Ltd.

NSE: MIRZAINT BSE: 526642 SECTOR: Footwear  132k   360   50

37.35
-0.18 (-0.48%)
NSE: 20 Dec 04:02 PM

Price Summary

Today's High

₹ 37.9

Today's Low

₹ 37.2

52 Week High

₹ 63.6

52 Week Low

₹ 37.2

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 516.18 Cr.

Enterprise Value

₹ 532.69 Cr.

No. of Shares

13.82 Cr.

P/E

50.45

P/B

1.11

Face Value

₹ 2

Div. Yield

0 %

Book Value (TTM)

₹  33.67

CASH

₹ 3.3 Cr.

DEBT

₹ 19.81 Cr.

Promoter Holding

71.27 %

EPS (TTM)

₹  0.74

Sales Growth

-3.88%

ROE

3.02 %

ROCE

5.31%

Profit Growth

-46.7 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Mirza International Ltd.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year-3.88%
3 Year-16.81%
5 Year-12.15%

Profit Growth

1 Year-46.7%
3 Year23.7%
5 Year-22.13%

ROE%

1 Year3.02%
3 Year8.32%
5 Year6.76%

ROCE %

1 Year5.31%
3 Year11.9%
5 Year10.69%

Debt/Equity

0.0421

Price to Cash Flow

17.81

Interest Cover Ratio

3.6648

CFO/PAT (5 Yr. Avg.)

4.9858399247746

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 71.27 0.00
Jun 2024 71.27 0.00
Mar 2024 71.39 0.00
Dec 2023 71.77 0.00
Sep 2023 71.76 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 23.7029380923674% for the Past 3 years.
  • Company is virtually debt free.
  • The company has an efficient Cash Conversion Cycle of 56.7023 days.
  • Company has a healthy liquidity position with current ratio of 2.6859.
  • The company has a good cash flow management; CFO/PAT stands at 4.9858399247746.
  • The company has a high promoter holding of 71.27%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 5.42585450981191.

 Limitations

  • The company has shown a poor revenue growth of -16.8079174149925% for the Past 3 years.
  • Company has contingent liabilities of 117.3835 Cr.
  • The company is trading at a high PE of 50.45.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 198.74 137.25 142.54 137.12 197.84
Total Expenditure 184.22 123.24 132.5 126.5 183.9
Operating Profit 14.52 14.01 10.04 10.62 13.94
Other Income 2.33 1.36 0.74 0.37 0.43
Interest 1.93 2.03 1.56 1.25 2.55
Depreciation 6.26 7.02 7.86 7.92 7.22
Exceptional Items 0 0 0 0 0
Profit Before Tax 8.66 6.32 1.35 1.82 4.6
Tax 2.61 1.46 0.47 0.46 1.48
Profit After Tax 6.05 4.87 0.89 1.36 3.12
Adjusted EPS (Rs) 0.44 0.35 0.06 0.1 0.23

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1260.18 1046.82 1385.63 627.06 602.72
Total Expenditure 1088.51 930.33 1209.04 568.36 556.03
Operating Profit 171.67 116.49 176.59 58.7 46.69
Other Income 1.67 1.24 17.81 8.46 7.13
Interest 45.57 41 23.01 7.73 7.04
Depreciation 63.38 66.27 57.57 25.3 28.02
Exceptional Items 0 0 0 0 0
Profit Before Tax 64.39 10.46 113.82 34.13 18.76
Tax 16.73 3.08 28.25 7.92 4.79
Net Profit 47.66 7.38 85.57 26.21 13.97
Adjusted EPS (Rs.) 3.96 0.61 7.11 1.9 1.01

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 24.06 24.06 24.06 27.64 27.64
Total Reserves 603.79 613.12 409.97 427.6 442.61
Borrowings 18 4.38 3.66 2.09 0.45
Other N/C liabilities 191.7 221.69 22.93 31.47 29.89
Current liabilities 422.56 304.02 156.72 103.86 96.53
Total Liabilities 1260.11 1167.27 617.34 592.66 597.12
Assets
Net Block 584.94 563.15 288.64 313.67 304.1
Capital WIP 10.65 11.23 4.04 1.08 0.33
Intangible WIP 0 0 0 0 0
Investments 1.51 2.92 9.73 14.98 16.01
Loans & Advances 14.81 13 6.21 6.07 17.41
Other N/C Assets 0 0 0 0 0
Current Assets 648.2 576.97 308.72 256.86 259.27
Total Assets 1260.11 1167.27 617.34 592.66 597.12
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 64.39 10.46 113.82 34.13 18.77
Adjustment 107.56 107.05 78.82 29.12 31.94
Changes in Assets & Liabilities 75.39 117.45 176.79 17.78 -15.33
Tax Paid -19.51 -0.47 -28.34 -12.03 -6.4
Operating Cash Flow 227.83 234.49 341.09 69 28.98
Investing Cash Flow -62.89 -39.11 -230.74 -39.31 -17.95
Financing Cash Flow -156.84 -200.65 -113.35 -30.74 -13.74
Net Cash Flow 8.1 -5.27 -3 -1.05 -2.71

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 71.76 71.77 71.39 71.27 71.27
fauzia mirza 0.04 0.04 0.04 0.04 0.04
haya mirza 0.01 0.01 0.01 0.01 0.01
iram mirza 0.02 0.02 0.02 0.02 0.02
shahid ahmad mirza 24.63 24.63 24.63 24.63 24.63
tasneef ahmad mirza 21.76 21.76 21.76 21.76 21.76
tauseef ahmad mirza 24.77 24.78 24.78 24.82 24.82
shuja mirza 0.16 0.16 0.16 - -
firdaus amin 0.04 0.04 - - -
yasmin mirza 0.34 0.34 - - -
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 28.24 28.23 28.61 28.73 28.73
investor education and pr... 0.34 0.37 0.38 - 0.38
investor education and pr... - - - 0.38 -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Mirza International informs about outcome of board meeting 29 Oct, 5:15 PM Mirza International - Quaterly Results 29 Oct, 2:57 PM Mirza International - Quaterly Results 29 Oct, 2:57 PM Mirza International - Quaterly Results 29 Oct, 2:57 PM Mirza International incorporates wholly owned subsidiary 17 Sep, 6:00 PM Mirza International - Quaterly Results 5 Aug, 1:40 PM Mirza International - Quaterly Results 5 Aug, 1:40 PM Mirza International - Quaterly Results 5 Aug, 1:40 PM Mirza International informs about annual report 2 Jul, 3:54 PM Mirza International - Quaterly Results 28 May, 4:13 PM Mirza International - Quaterly Results 28 May, 4:13 PM Mirza International - Quaterly Results 3 Feb, 3:39 PM Mirza International - Quaterly Results 3 Feb, 3:39 PM Mirza International - Quaterly Results 3 Feb, 3:39 PM Mirza International launches new brand ‘Thomas Crick’ 9 Dec, 10:46 AM Mirza International - Quaterly Results 4 Nov, 2:27 PM Mirza International - Quaterly Results 4 Nov, 2:27 PM Mirza International - Quaterly Results 4 Nov, 2:27 PM Mirza International informs about details of loss of certificate 21 Oct, 3:22 PM Mirza International informs about newspaper publication 28 Aug, 12:51 PM Mirza International submits annual report 26 Aug, 3:23 PM Mirza International submits annual report 26 Aug, 3:20 PM Mirza International informs about disclosure 10 Aug, 1:37 PM Mirza International - Quaterly Results 27 Jul, 3:23 PM Mirza International - Quaterly Results 27 Jul, 3:23 PM Mirza International - Quaterly Results 27 Jul, 3:23 PM Mirza International informs about disclosure 19 Jun, 12:28 PM Mirza International informs about disclosure 12 Jun, 12:24 PM Mirza International - Quaterly Results 27 May, 11:23 PM Mirza International - Quaterly Results 27 May, 11:23 PM Mirza International informs about scheme of arrangement 22 Feb, 4:38 PM Mirza International informs about outcome of board meeting 13 Feb, 5:27 PM Mirza International - Quaterly Results 13 Feb, 4:53 PM Mirza International - Quaterly Results 13 Feb, 4:53 PM Mirza International informs about closure of trading window 31 Dec, 11:10 AM Mirza International informs about loss of share certificate 23 Dec, 12:33 PM Mirza International - Quaterly Results 11 Nov, 2:16 PM Mirza International - Quaterly Results 11 Nov, 2:16 PM Mirza International planning to acquire entire stake in TNS Hotels and Resorts 3 Nov, 1:03 PM Mirza International - Quaterly Results 8 Aug, 4:33 PM Mirza International - Quaterly Results 8 Aug, 4:33 PM Mirza International - Quaterly Results 8 Aug, 4:33 PM Mirza International - Quaterly Results 30 May, 5:21 PM Mirza International informs about disclosure 23 Apr, 3:43 PM Mirza International informs about compliances certificate 18 Apr, 3:03 PM Mirza International informs about change in name of RTA 8 Apr, 3:51 PM Mirza International - Quaterly Results 11 Feb, 3:54 PM Mirza International - Quaterly Results 11 Feb, 3:54 PM Mirza International - Quaterly Results 11 Feb, 3:54 PM Mirza International informs about disclosure of related party transactions 12 Aug, 12:48 PM

Mirza International Stock Price Analysis and Quick Research Report. Is Mirza International an attractive stock to invest in?

The footwear sector is a very significant segment of the leather industry in India; rather it is the engine of growth for the entire Indian leather industry. India is the second-largest global producer of footwear after China, accounting for 13% of global footwear production of 16 billion pairs.

India produces 2065 million pairs of different categories of footwear (leather footwear - 909 million pairs, leather shoe uppers - 100 million pairs and non-leather footwear - 1056 million pairs). India exports about 115 million pairs. Thus, nearly 95% of its production goes to meet its own domestic demand. 

Revenue in the Footwear market amounts to US$8,493m in 2020. The market is expected to grow annually by 12.6% (CAGR 2020-2023).

Let's talk about the key financial ratios and stock performance of Mirza International over the period of time. Mirza International stock price today is Rs 37.35.

  • Operating profit margin: -  Incase of footwear exporters, the share of EBITDA constitutes not only operating income and also the share of government exporter incentives. OPM for Mirza International is 7.74654897796656 % which is weak  which allows the investors to look into the overall return on capital.

  • Debtor days: -  The receivable days are fairly high in the case of footwear companies. The footwear exporters should always take care of the time taken by the buyers to complete their operating cycle. Mirza International has a debtor day of 48.7559 which is significantly a bad sign towards the cash conversion cycle.

  • Capital structure (or) Debt to Equity: -  The footwear sector is consistently increasing capacity, expanding retail presence and setting up new manufacturing facilities over the years. So it is important to check whether the leverage is highly dependent on debt or equity. Mirza International has a D/E ratio of 0.0421 which is comfortably placed as compared to its peers.

  • Interest coverage ratio: -  It measures the company’s ability to handle its outstanding debt, a higher ratio is always desirable. Mirza International has an ICR of 3.6648 which is unattractive to investors when compared with the company's growth.

  • Share Price: - The current share price of Mirza International is Rs 37.35. One can use valuation calculators of ticker to know if Mirza International share price is undervalued or overvalued.

Last Updated on:
Brief about Mirza International
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