Mirza International Limited (MIRZAINT) AI Stock Analysis

• Market Cap: ₹4.59B
• Dividend Yield: N/A
• Average Volume (3M): 57.15K
• Price to Earnings (P/E): 33.7
• Beta (1Y): 1.00
• Revenue Growth: -10.28%
• EPS Growth: 33.06%
• Country: IN
• Employees: 1,662
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 1.29
• Shares Outstanding: 138,201,900
• 10 Day Avg. Volume: 59,036
• 30 Day Avg. Volume: 57,145
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹39.00
• Price Target Upside: 17.40% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: ₹39.00 ▲(17.40% Upside)

The overall score is primarily influenced by financial performance challenges such as declining revenues and net loss. Strong technical analysis provides some optimism with positive price momentum, while a high P/E ratio raises valuation concerns. The absence of earnings call data and notable corporate events leaves the financial and technical aspects as the main determinants of the score.

Mirza International Limited Business Overview & Revenue Model

Company Description

Mirza International Limited is a prominent player in the footwear industry, known for its design, development, manufacturing, and marketing of leather footwear and accessories. The company operates across various segments, including men's and women's footwear, and exports its products to several international markets. Mirza International is recognized for its popular brand 'Red Tape,' which offers a wide range of fashion-forward shoes and accessories.

How the Company Makes Money

Mirza International Limited generates revenue primarily through the sale of its footwear and accessories under the brand 'Red Tape.' The company capitalizes on its strong distribution network, which includes retail outlets, e-commerce platforms, and international sales channels. By leveraging its in-house design and manufacturing capabilities, Mirza International maintains cost efficiency and scalability, contributing to its profitability. Additionally, the company benefits from strategic partnerships and collaborations to enhance its market presence and expand its product offerings, thus driving revenue growth.

Mirza International Limited Financial Statement Overview

Summary

Mirza International Limited is facing challenges with declining revenues and profitability, as evidenced by a net loss in the most recent year. However, the company shows strong equity and effective debt management, which provides some financial stability.

Income Statement

Mirza International Limited has experienced a declining revenue trend over the past few years, with a notable drop from 16.79 billion in 2022 to 5.83 billion in 2025. Gross profit margins have been relatively stable, although there was a decrease in EBIT and EBITDA margins in 2025 compared to previous years. The company reported a net loss in 2025, which raises concerns about profitability. Despite these challenges, the company has maintained a reasonable gross profit margin, indicating some resilience in cost management.

Balance Sheet

The company maintains a healthy equity position with a substantial stockholders' equity base. The debt-to-equity ratio has improved, reflecting effective debt management. However, the total assets have been decreasing over time, which could indicate potential risks in asset utilization. The equity ratio remains strong, suggesting solid financial stability.

Cash Flow

Mirza International Limited has shown significant fluctuations in free cash flow, with negative figures in the most recent year. The operating cash flow has decreased, and the free cash flow to net income ratio is concerning due to the net loss. Despite these challenges, the company has managed to maintain positive operating cash flow, which is a positive sign for liquidity.

Breakdown	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	5.83B	6.30B	16.79B	6.53B	10.49B
Gross Profit	2.40B	2.52B	7.34B	2.75B	4.60B
EBITDA	376.64M	567.30M	1.94B	713.20M	1.19B
Net Income	-35.44M	120.40M	864.50M	264.40M	83.40M
Balance Sheet
Total Assets	7.34B	7.19B	14.23B	7.60B	11.70B
Cash, Cash Equivalents and Short-Term Investments	198.30M	192.00M	252.50M	157.50M	86.60M
Total Debt	534.10M	420.90M	2.36B	263.70M	2.99B
Total Liabilities	1.70B	1.66B	6.63B	2.26B	5.32B
Stockholders Equity	5.64B	5.53B	7.60B	5.33B	6.38B
Cash Flow
Free Cash Flow	-183.50M	159.10M	1.08B	-70.50M	1.89B
Operating Cash Flow	282.40M	496.50M	1.93B	469.10M	2.38B
Investing Cash Flow	-288.70M	-294.30M	-807.20M	-534.80M	-406.70M
Financing Cash Flow	12.60M	-167.70M	-1.02B	-323.70M	-2.01B

Mirza International Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 33.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 33.22 is below the 20-day moving average (MA) of 33.70, above the 50-day MA of 32.50, and below the 200-day MA of 33.75, indicating a neutral trend. The MACD of 0.37 indicates Positive momentum. The RSI at 48.62 is Neutral, neither overbought nor oversold. The STOCH value of 13.09 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MIRZAINT	65 Neutral	₹4.59B	33.72		―	-10.28%	33.06%
MUNJALAU	65 Neutral	₹7.43B	20.43		1.32%	9.81%	-5.62%
Sector *	61 Neutral	$17.22B	11.53	-5.99%	3.08%	1.40%	-15.51%
KITEX	53 Neutral	₹33.97B	25.69		0.30%	49.50%	74.50%

Mirza International Limited Corporate Events

Mirza International Announces Virtual AGM and Urges KYC Updates

Mirza International Limited has announced the scheduling of its 46th Annual General Meeting (AGM) on July 26, 2025, to be conducted virtually. The company has updated its shareholders regarding the availability of the Integrated Annual Report for the financial year 2024-25 on its website, as per the amended SEBI regulations. Shareholders are encouraged to update their KYC details to ensure seamless electronic transactions, including dividend payments.

Mirza International Limited Schedules 46th AGM via Virtual Conference

Mirza International Limited has announced the scheduling of its 46th Annual General Meeting (AGM) to be held on July 26, 2025, through video conferencing. This announcement, published in Business Standard, highlights the company’s commitment to maintaining transparency and engaging with stakeholders effectively, despite the challenges posed by the need for virtual meetings.