Mirza International Limited (IN:MIRZAINT)
:MIRZAINT
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Mirza International Limited
(MIRZAINT)
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Rating:55Neutral
Price Target:
₹30.00
▼(-19.44% Downside)
Action:ReiteratedDate:03/31/26
The score is held back primarily by deteriorating operating performance (steep revenue decline and a recent net loss) and weak technical momentum (price below key moving averages with negative MACD). A comparatively stable balance sheet with strong equity and improved leverage provides partial support, but valuation is constrained by the negative P/E and lack of dividend data.
Positive Factors
Balance-sheet strength and improved leverage
Mirza's substantial shareholders' equity and an improved debt-to-equity ratio provide durable financial flexibility. A strong equity ratio lowers refinancing risk, supports working-capital and capex needs during cyclical downturns, and preserves capacity to invest or restructure over the next several months.
Negative Factors
Sharp multi-year revenue decline
A large contraction in revenue materially reduces scale benefits and fixed-cost absorption, weakening competitive position. Reduced top-line pressures supplier terms and margin resilience, and reversing such declines typically requires strategic market or product changes that take multiple quarters to bear fruit.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength and improved leverage
Mirza's substantial shareholders' equity and an improved debt-to-equity ratio provide durable financial flexibility. A strong equity ratio lowers refinancing risk, supports working-capital and capex needs during cyclical downturns, and preserves capacity to invest or restructure over the next several months.
Read all positive factors
Mirza International Limited (MIRZAINT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.02B
Dividend YieldN/A
Average Volume (3M)74.57K
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue Growth-15.05%
EPS Growth-18.55%
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 Limited makes money primarily by selling footwear and footwear-related products produced in its manufacturing facilities. Its revenue is generated through (1) sales of finished leather footwear to customers in domestic and expo...
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
Negative
37.24
Price Trends
33.49
Negative
35.91
Negative
35.40
Negative
Market Momentum
-1.83
Positive
43.98
Neutral
37.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MIRZAINT, the sentiment is Negative. The current price of 37.24 is above the 20-day moving average (MA) of 29.98, above the 50-day MA of 33.49, and above the 200-day MA of 35.40, indicating a bearish trend. The MACD of -1.83 indicates Positive momentum. The RSI at 43.98 is Neutral, neither overbought nor oversold. The STOCH value of 37.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹31.11B | -96.49 | ― | 0.27% | 20.41% | -6.50% | |
56 Neutral | ₹7.07B | 14.78 | ― | 1.24% | 13.34% | -26.93% | |
55 Neutral | ₹4.02B | -17.45 | ― | ― | -15.05% | -18.55% | |
52 Neutral | ₹4.00B | 200.89 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
IN:MIRZAINT
Mirza International Limited
29.12
2.03
7.49%
IN:KINETICENG
Kinetic Engineering Ltd
209.65
31.70
17.81%
IN:KITEX
Kitex Garments Limited
155.95
-32.69
-17.33%
IN:LIBERTSHOE
Liberty Shoes Limited
234.80
-69.45
-22.83%
IN:MCDHOLDING
McDowell Holdings Ltd
―
―
―
IN:MUNJALAU
Munjal Auto Industries Limited
70.72
8.07
12.88%
Mirza International Limited Corporate Events
Mirza International Gets NSE, BSE Nod for Employee Stock Option Share Issue
Jan 7, 2026
Mirza International Limited has received in-principle approvals from both the National Stock Exchange of India and BSE to issue and list up to 2.5 million new equity shares of face value Rs 2 each under its MIL Employees Stock Option Scheme 2025. ...
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.