Mirza International Limited (IN:MIRZAINT)
:MIRZAINT
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Mirza International Limited
(MIRZAINT)
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Rating:58Neutral
Price Target:
₹34.00
▼(-8.70% Downside)
Action:ReiteratedDate:04/16/26
The score is driven primarily by moderate financial strength with meaningful profitability and cash-flow pressure (net loss and negative free cash flow), partially balanced by a comparatively solid equity position and improved leverage. Technicals are mixed with weak longer-term trend signals, and valuation is constrained by loss-making earnings and no dividend data.
Positive Factors
Strong equity base
A substantial stockholders' equity provides a durable capital buffer that helps absorb cyclical losses and supports working capital needs. This strengthens creditor and supplier confidence, giving the company time and flexibility to execute operational fixes without immediate refinancing pressure.
Negative Factors
Material revenue decline
A multi-year revenue collapse sharply reduces scale economies and weakens negotiating leverage with suppliers and buyers. Lower top-line makes fixed-cost absorption harder, pressures unit economics, and extends the time needed to restore sustainable margins absent clear market-share gains or new demand drivers.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong equity base
A substantial stockholders' equity provides a durable capital buffer that helps absorb cyclical losses and supports working capital needs. This strengthens creditor and supplier confidence, giving the company time and flexibility to execute operational fixes without immediate refinancing pressure.
Read all positive factors
Mirza International Limited (MIRZAINT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.46B
Dividend YieldN/A
Average Volume (3M)74.57K
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue Growth-10.63%
EPS Growth303.99%
CountryIN
Employees1,662
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-0.53
Shares Outstanding138,201,900
10 Day Avg. Volume39,630
30 Day Avg. Volume74,567
Financial Highlights & Ratios
PEG Ratio0.84
Price to Book (P/B)0.68
Price to Sales (P/S)0.66
P/FCF Ratio-21.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mirza International Limited Business Overview & Revenue Model
Company Description
Mirza International Limited manufactures and markets leather footwear and finished leather products in India and internationally. It operates through three segments: Tannery Division, Shoe Division, and Garments/Accessories Division. The company o...
How the Company Makes Money
Mirza International primarily makes money by selling finished footwear produced in its manufacturing operations. Its revenue is generated from (1) exports of finished leather footwear to overseas customers (typically through bulk/wholesale orders ...
Mirza International Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.43B | 5.83B | 6.30B | 6.53B | 13.99B | 10.49B |
| Gross Profit | 1.96B | 2.40B | 2.52B | 2.75B | 7.34B | 4.60B |
| EBITDA | 548.53M | 376.64M | 567.30M | 713.20M | 1.94B | 1.19B |
| Net Income | 98.74M | -35.44M | 120.40M | 264.40M | 864.50M | 83.40M |
Balance Sheet | ||||||
| Total Assets | 7.50B | 7.34B | 7.19B | 7.60B | 14.23B | 11.70B |
| Cash, Cash Equivalents and Short-Term Investments | 121.40M | 198.30M | 192.00M | 157.50M | 547.10M | 124.40M |
| Total Debt | 227.80M | 537.80M | 420.90M | 542.60M | 2.08B | 2.99B |
| Total Liabilities | 1.73B | 1.70B | 1.66B | 2.26B | 6.63B | 5.32B |
| Stockholders Equity | 5.77B | 5.64B | 5.53B | 5.33B | 5.05B | 6.38B |
Cash Flow | ||||||
| Free Cash Flow | 36.40M | -183.50M | 159.10M | -70.50M | 1.08B | 1.89B |
| Operating Cash Flow | 116.50M | 282.40M | 496.50M | 469.10M | 1.93B | 2.38B |
| Investing Cash Flow | 104.10M | -288.70M | -294.30M | -534.80M | -807.20M | -406.70M |
| Financing Cash Flow | -297.50M | 12.60M | -167.70M | -323.70M | -1.02B | -2.01B |
Mirza International Limited Technical Analysis
Neutral
37.24
Price Trends
32.95
Positive
35.36
Negative
35.45
Negative
Market Momentum
0.20
Negative
60.62
Neutral
95.18
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MIRZAINT, the sentiment is Neutral. The current price of 37.24 is above the 20-day moving average (MA) of 30.03, above the 50-day MA of 32.95, and above the 200-day MA of 35.45, indicating a neutral trend. The MACD of 0.20 indicates Negative momentum. The RSI at 60.62 is Neutral, neither overbought nor oversold. The STOCH value of 95.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MIRZAINT.
Mirza International Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ₹32.67B | -96.49 | ― | 0.27% | -6.40% | -65.87% | |
58 Neutral | ₹4.46B | -17.45 | ― | ― | -10.63% | 303.99% | |
56 Neutral | ₹7.92B | 14.78 | ― | 1.24% | 11.83% | -11.82% | |
50 Neutral | ₹4.42B | 200.89 | ― | ― | 8.84% | -11.12% |
* Consumer Cyclical Sector Average
IN:MIRZAINT
Mirza International Limited
32.98
3.33
11.23%
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Mirza International Limited Corporate Events
NCLT Clears Mirza International’s Amalgamation of RTS Fashion
Apr 25, 2026
Mirza International Limited has received approval from the National Company Law Tribunal’s Allahabad Bench for the amalgamation of RTS Fashion Limited, a Jebel Ali Free Zone-based offshore company, into Mirza International. The tribunal pron...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.