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Mirza International share price

Mirza International Ltd.

NSE: MIRZAINT BSE: 526642 SECTOR: Footwear  122k   355   49

44.11
0 0
BSE: 14 Jun 04:01 PM

Price Summary

Today's High

₹ 44.98

Today's Low

₹ 44.01

52 Week High

₹ 63.52

52 Week Low

₹ 39.53

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

609.61 Cr.

Enterprise Value

629.98 Cr.

No. of Shares

13.82 Cr.

P/E

43.6

P/B

1.3

Face Value

₹ 2

Div. Yield

0 %

Book Value (TTM)

₹  34.03

CASH

6 Cr.

DEBT

26.37 Cr.

Promoter Holding

71.39 %

EPS (TTM)

₹  1.01

Sales Growth

-54.75%

ROE

5.92 %

ROCE

8.67%

Profit Growth

-69.37 %

* 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.

REDTAPE BOND STREET MODE OAKTRAK YEZDI

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.
* 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

View Full Peer Comparison
* 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-54.75%
3 Year-20.76%
5 Year-8.39%

Profit Growth

1 Year-69.37%
3 Year-18.07%
5 Year-19.68%

ROE%

1 Year5.92%
3 Year7.71%
5 Year7.81%

ROCE %

1 Year8.67%
3 Year12.16%
5 Year12.05%

Debt/Equity

0.0579

Price to Cash Flow

8.89

Interest Cover Ratio

5.41526520051746

CFO/PAT (5 Yr. Avg.)

4.20881261595547

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 71.39 0
Dec 2023 71.77 0
Sep 2023 71.76 0
Jun 2023 71.76 0
Mar 2023 71.76 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 23.08 Cr.
  • Company is virtually debt free.
  • The company has an efficient Cash Conversion Cycle of 46.8937890359057 days.
  • Company has a healthy liquidity position with current ratio of 2.5051993067591.
  • The company has a good cash flow management; CFO/PAT stands at 4.20881261595547.
  • The company has a high promoter holding of 71.39%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.17858165499479.

 Limitations

  • The company has shown a poor profit growth of -18.0709986887199% for the Past 3 years.
  • The company has shown a poor revenue growth of -20.7571933989603% for the Past 3 years.
  • Company has a poor ROE of 7.70507270882325% over the past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 150.3 124.19 198.74 137.25 142.54
Total Expenditure 143.7 114.32 184.23 123.24 132.5
Operating Profit 6.6 9.87 14.51 14.01 10.04
Other Income 4.52 0.97 2.34 1.36 0.74
Interest 1.9 1.52 1.93 2.03 1.56
Depreciation 6.17 6.89 6.26 7.02 7.86
Exceptional Items 0 0 0 0 0
Profit Before Tax 3.05 2.44 8.66 6.32 1.35
Tax 0.76 0.26 2.61 1.46 0.47
Profit After Tax 2.3 2.18 6.05 4.87 0.89
Adjusted EPS (Rs) 0.17 0.16 0.44 0.35 0.06

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1151.7 1260.18 1046.82 1385.63 627.06
Total Expenditure 1008.65 1088.51 930.33 1209.04 568.36
Operating Profit 143.05 171.67 116.49 176.59 58.7
Other Income 2.69 1.67 1.24 17.81 8.46
Interest 34.31 45.57 41 23.01 7.73
Depreciation 35.46 63.38 66.27 57.57 25.3
Exceptional Items 0 0 0 0 0
Profit Before Tax 75.97 64.39 10.46 113.82 34.13
Tax 27.19 16.73 3.08 28.25 7.92
Net Profit 48.78 47.66 7.38 85.57 26.21
Adjusted EPS (Rs.) 4.05 3.96 0.61 7.11 1.9

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 24.06 24.06 24.06 24.06 27.64
Total Reserves 587.58 603.79 613.12 409.97 427.6
Borrowings 21.57 18 4.38 3.66 2.09
Other N/C liabilities 42.58 191.7 221.69 22.93 31.47
Current liabilities 439.25 422.56 304.02 156.72 103.86
Total Liabilities 1115.04 1260.11 1167.27 617.34 592.66
Assets
Net Block 408.53 584.94 563.15 288.64 313.67
Capital WIP 5.39 10.65 11.23 4.04 1.08
Intangible WIP 0 0 0 0 0
Investments 0.6 1.51 2.92 9.73 14.98
Loans & Advances 14.3 14.81 13 6.21 2.74
Other N/C Assets 0 0 0 0 0
Current Assets 686.22 648.2 576.97 308.72 260.19
Total Assets 1115.04 1260.11 1167.27 617.34 592.66
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 75.97 64.39 10.46 113.82 34.13
Adjustment 67.29 107.56 107.05 78.82 29.12
Changes in Assets & Liabilities -79.23 75.39 117.45 176.79 17.33
Tax Paid -28.57 -19.51 -0.47 -28.34 -12.03
Operating Cash Flow 35.46 227.83 234.49 341.09 68.55
Investing Cash Flow -67.4 -62.89 -39.11 -230.74 -39.31
Financing Cash Flow 26.34 -156.84 -200.65 -113.35 -30.29
Net Cash Flow -5.6 8.1 -5.27 -3 -1.05

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 71.76 71.76 71.76 71.77 71.39
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 15.98 15.98 24.63 24.63 24.63
shuja mirza 8.03 0.16 0.16 0.16 0.16
tasneef ahmad mirza 14.11 14.11 21.76 21.76 21.76
tauseef ahmad mirza 16.09 16.09 24.77 24.78 24.78
firdaus amin 0.04 0.04 0.04 0.04 -
yasmin mirza 4.18 12.05 0.34 0.34 -
rashid ahmed mirza 13.27 13.27 - - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 28.24 28.24 28.24 28.23 28.61
investor education and pr... 0.35 0.35 0.34 0.37 0.38
bofa securities europe sa... - 1.46 - - -
hdfc small cap fund 4.05 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Mirza International - Quaterly Results28 May 2024, 4:13PM Mirza International - Quaterly Results28 May 2024, 4:13PM Mirza International - Quaterly Results3 Feb 2024, 3:39PM Mirza International - Quaterly Results3 Feb 2024, 3:39PM Mirza International - Quaterly Results3 Feb 2024, 3:39PM Mirza International launches new brand ‘Thomas Crick’9 Dec 2023, 10:46AM Mirza International - Quaterly Results4 Nov 2023, 2:27PM Mirza International - Quaterly Results4 Nov 2023, 2:27PM Mirza International - Quaterly Results4 Nov 2023, 2:27PM Mirza International informs about details of loss of certificate21 Oct 2023, 3:22PM Mirza International informs about newspaper publication28 Aug 2023, 12:51PM Mirza International submits annual report 26 Aug 2023, 3:23PM Mirza International submits annual report26 Aug 2023, 3:20PM Mirza International informs about disclosure 10 Aug 2023, 1:37PM Mirza International - Quaterly Results27 Jul 2023, 3:23PM Mirza International - Quaterly Results27 Jul 2023, 3:23PM Mirza International - Quaterly Results27 Jul 2023, 3:23PM Mirza International informs about disclosure 19 Jun 2023, 12:28PM Mirza International informs about disclosure12 Jun 2023, 12:24PM Mirza International - Quaterly Results27 May 2023, 11:23PM Mirza International - Quaterly Results27 May 2023, 11:23PM Mirza International informs about scheme of arrangement22 Feb 2023, 4:38PM Mirza International informs about outcome of board meeting 13 Feb 2023, 5:27PM Mirza International - Quaterly Results13 Feb 2023, 4:53PM Mirza International - Quaterly Results13 Feb 2023, 4:53PM Mirza International informs about closure of trading window31 Dec 2022, 11:10AM Mirza International informs about loss of share certificate23 Dec 2022, 12:33PM Mirza International - Quaterly Results11 Nov 2022, 2:16PM Mirza International - Quaterly Results11 Nov 2022, 2:16PM Mirza International planning to acquire entire stake in TNS Hotels and Resorts3 Nov 2022, 1:03PM Mirza International - Quaterly Results8 Aug 2022, 4:33PM Mirza International - Quaterly Results8 Aug 2022, 4:33PM Mirza International - Quaterly Results8 Aug 2022, 4:33PM Mirza International - Quaterly Results30 May 2022, 5:21PM Mirza International informs about disclosure23 Apr 2022, 3:43PM Mirza International informs about compliances certificate 18 Apr 2022, 3:03PM Mirza International informs about change in name of RTA8 Apr 2022, 3:51PM Mirza International - Quaterly Results11 Feb 2022, 3:54PM Mirza International - Quaterly Results11 Feb 2022, 3:54PM Mirza International - Quaterly Results11 Feb 2022, 3:54PM Mirza International informs about disclosure of related party transactions12 Aug 2021, 12:48PM Mirza International informs about outcome of board meeting 28 Jul 2020, 4:17PM

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 44.17.

  • 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 9.3611456638918 % 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 54.3984227984563 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 0.0579 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 5.41526520051746 which is unattractive to investors when compared with the company's growth.

  • Share Price: - The current share price of Mirza International is Rs 44.17. 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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