MarketFriction

Mirza International Ltd

NSE MIRZAINT · BSE 526642 · Leather And Leather Products
₹27.65 -1.04%
NSE close2026-10-01
52 week range24.95 - 43.30
Market cap₹389 Cr.
Price band 20% Delivery 59.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales198.74137.25142.54137.12197.84114.16120.47141.42169.56107.2797.98123.57
Expenses184.23123.24132.51126.50183.90113.38111.77128.77155.00109.10103.23120.92
Operating Profit14.5114.0110.0310.6213.940.788.7012.6514.56-1.83-5.252.65
OPM %7.30%10.21%7.04%7.75%7.05%0.68%7.22%8.94%8.59%-1.71%-5.36%2.14%
Other Income2.331.360.530.370.420.150.2718.730.400.480.550.49
Interest1.932.031.571.252.542.762.452.082.181.490.990.78
Depreciation6.267.027.877.927.227.727.527.937.867.627.507.24
Profit before tax8.656.321.121.824.60-9.55-1.0021.374.92-10.46-13.19-4.88
Tax %30.17%22.94%39.29%25.27%32.17%-22.93%-49.00%17.31%18.90%-25.14%-11.37%-7.58%
Net Profit6.054.870.681.363.12-7.37-0.5017.673.99-7.83-11.69-4.51
EPS in Rs0.440.350.050.100.23-0.53-0.041.280.29-0.57-0.85-0.33
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9269369721,1521,2601,0471,386627603570516498
Expenses7557757971,0091,0889301,209568556537496488
Operating Profit1711611751431721171775947332110
OPM %18%17%18%12%14%11%13%9%8%6%4.0%2.0%
Other Income31-132018872202
Interest3226253446412387975
Depreciation262932356366582528303130
Profit before tax1161071187664101143418-53-24
Tax %33%33%33%36%26%29%25%23%26%-16%19%
Net Profit78727849487862613-42-20
EPS in Rs6.495.966.524.053.960.617.111.900.97-0.290.15-1.46
Dividend Payout %7%15%14%22%23%-0%-0%-0%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-6%-13%-6%-13%
Compounded Profit Growth%%%-732%
Stock Price CAGR8%29%-14%-30%
Return on Equity7%4%-1%-4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital192224242424242828282828
Reserves294422478548588604613406428442436442
Borrowings21820715628335728814049262042-0
Other Liabilities1271111061461473443911341111088686
Total Liabilities6577627641,0021,1151,2601,168617593598592556
Fixed Assets308336349357409585563289314313324299
CWIP3922551111401125
Investments11411231015111110
Other Assets346416410619701663591315263263255242
Total Assets6577627641,0021,1151,2601,168617593598592556
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity9790114-243522823434169412149
Cash from Investing Activity-59-34-36-59-67-63-39-231-39-29-3321
Cash from Financing Activity-39-51-828926-157-201-113-31-1413-50
Net Cash Flow-16-56-68-5-3-1-2221
Free Cash Flow384680-83-34165194110296-1060
CFO/OP87%71%91%6%45%144%200%209%138%101%73%266%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days172526504941282847493843
Inventory Days15119119229124021526459121134141124
Days Payable564029654550684259614551
Cash Conversion Cycle11317518927524420622445109122135116
Working Capital Days1855708276619238869693109
ROCE %23%25%20%19%12%12%6%22%8%5%1%-2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.76%71.77%71.39%71.27%71.27%71.27%71.27%71.27%71.37%72.99%72.99%72.99%
FIIs1.38%0.47%0.34%0.34%0.30%0.17%0.14%0.14%0.14%0.25%0.17%0.14%
DIIs0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public26.85%27.75%28.27%28.38%28.44%28.55%28.57%28.58%28.46%26.75%26.82%26.85%
No. of Shareholders87,64487,98087,83384,12581,94381,07983,18481,69983,05378,77777,17675,840

Fundamentals

Market Cap₹ 389 Cr.
Current Price₹ 28.1
Book Value₹ 34.0
ROCE-1.87 %
ROE-3.75 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-13%
Compounded Profit Growth (TTM)-732%
Standalone figures.
Valuation
Market capRs 382 Cr
Enterprise valueRs 355 Cr
Price to book0.81x
Price to sales0.77x
EV / EBITDA29.50x
EV / sales0.71x
Price to cash flow7.75x
Earnings yield-5.24%
P/E, 3-year average103.26x
P/B, 3-year average0.93x
P/E, 5-year average57.07x
P/B, 5-year average0.90x
Profitability
Operating margin (excl. other income)4.01%
Operating margin (incl. other income)7.80%
EBITDA margin2.42%
Pre-tax margin-4.74%
Net profit margin-4.02%
Net margin, latest quarter-3.65%
ROE0.46%
ROCE1.92%
ROA0.37%
ROE, 3-year average0.84%
ROCE, 3-year average2.66%
ROA, 3-year average0.65%
ROE, 5-year average4.88%
ROCE, 5-year average7.68%
ROA, 5-year average3.18%
ROIC (approx.)-3.32%
Tax rate19.01%
Other income / net worth4.17%
Growth
Sales growth (latest year)-9.37%
Sales CAGR, 3 years-6.28%
Sales CAGR, 5 years-13.19%
Profit CAGR, 3 years-56.69%
Profit CAGR, 5 years-22.01%
Sales growth QoQ26.12%
Sales growth YoY (latest quarter)-12.62%
Profit growth YoY (latest quarter)-125.52%
Per share
EPS (TTM)Rs -1.45
EPS (latest year)Rs 0.15
EPS (latest quarter)Rs -0.33
EPS, 3-year averageRs 0.28
EPS, 5-year averageRs 1.79
Book value per shareRs 33.97
Sales per shareRs 36.06
Cash flow per shareRs 3.57
Free cash flow per shareRs 4.34
Efficiency
Asset turnover0.93x
Fixed asset turnover1.73x
Inventory turnover3.38x
Inventory days108 days
Debtor days43 days
Debtors turnover8.53x
Creditor days51 days
Cash conversion cycle116 days
Working capital days109 days
Leverage
Cash and bankRs 27 Cr
Net debtRs -27 Cr
Net debt / EBITDA-2.21x
Interest coverage-3.34x
Owners' fund to total sources84.47%
Cash flow
Cash from Operating Activity (latest year)Rs 49 Cr
Cash from Investing Activity (latest year)Rs 21 Cr
Cash from Financing Activity (latest year)Rs -50 Cr
Net Cash Flow (latest year)Rs 21 Cr
Free cash flow (latest year)Rs 60 Cr
Cash from ops / profit, 5 years4.24x
Sales to cash flow10.47x
Statement figures
Net sales (TTM)Rs 498 Cr
Net sales (latest year)Rs 516 Cr
Sales (latest quarter)Rs 124 Cr
Operating profit excl. other income (latest year)Rs 21 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 12 Cr
PBDT (TTM)Rs 7 Cr
Profit before tax (TTM)Rs -24 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -20 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs -5 Cr
Depreciation (TTM)Rs 30 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 368 Cr
Total expenditure (latest year)Rs 496 Cr
Total income (latest year)Rs 536 Cr
Share capitalRs 28 Cr
ReservesRs 442 Cr
Shareholders' fundsRs 469 Cr
Total assetsRs 556 Cr
Net blockRs 299 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 10 Cr
ReceivablesRs 61 Cr
InventoryRs 109 Cr
Other liabilitiesRs 86 Cr
Shares outstanding (crore)13.82
Ownership
Promoter holding72.99% (+1.72 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.81 is at the 2th percentile (median 1.31).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMIRZAINTNifty 50Difference
1 week-4.3%-2.8% -1.5 pts
1 month-11.6%-6.8% -4.8 pts
3 months-19.1%-7.6% -11.5 pts
6 months+10.4%+0.4% +10.0 pts
1 year-27.0%-9.9% -17.1 pts
2 years-38.0%-13.6% -24.4 pts
3 years-37.4%+14.2% -51.6 pts
5 years-53.9%+27.9% -81.8 pts

Red flags

F-score 6 of 8
lookProfit leans on other income Other income was 744% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹124 Cr -12.6% vs Jun 2025. Net loss ₹5 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2023-03-29Demerger
2020-02-18 Interim Dividend - Rs 0.90 Per Share
2019-09-09 Annual General Meeting/Dividend - Rs 0.90 Per Share
2018-09-17 Annual General Meeting/Dividend Re 0.90 Per Share
2017-09-20 Dividend - Re 0.90 Per Share
2016-09-21 Dividend - Re 0.50 Per Share
2015-09-21 Annual General Meeting/ Dividend - Re 0.50/- Per Share
2014-09-11Annual General Meeting/Dividend Re 0.50/- Per Share
2013-09-17Annual General Meeting / Dividend - Re 0.50/- Per Share
2012-09-17Annual General Meeting/Dividend Re 0.50 Per Share
2011-08-29Annual General Meeting And Dividend Re.0.50 Per Share
2010-09-17Annual General Meeting And Dividend Re.0.40 Per Share
2009-09-16Agm/Div-Re.0.20 Per Share
2008-09-15Agm/Dividend - 15%
2007-09-18Agm/Dividend-25%
2007-04-24Fv Split Rs.10/- To Rs.2/0.2000
2006-09-12Agm/Dividend-25%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Mirza International Ltd?

Mirza International Ltd (MIRZAINT) has a market capitalisation of Rs 389 Cr. at the 2026-10-01 close.

What were Mirza International Ltd's latest quarterly results?

In the Jun 2026 quarter, Mirza International Ltd sales was Rs 124 Cr (-12.6% vs Jun 2025) with a net loss of Rs 5 Cr.

What is the 52-week high and low of Mirza International Ltd?

The 52-week high is Rs 43.30 and the 52-week low is Rs 24.95.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03