Mirza International Limited (MIRZAINT) AI Stock Analysis

• Market Cap: ₹4.30B
• Dividend Yield: N/A
• Average Volume (3M): 74.57K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.33
• Revenue Growth: -15.05%
• EPS Growth: -18.55%
• Country: IN
• Employees: 1,662
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): -0.53
• Shares Outstanding: 138,201,900
• 10 Day Avg. Volume: 39,630
• 30 Day Avg. Volume: 74,567
• PEG Ratio: 0.84
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 0.66
• P/FCF Ratio: -21.05
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹32.00 ▼(-14.07% Downside)
• Action: Reiterated Date: 03/31/26
• Date: Action: Reiterated 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

Improved leverage and a strong equity base provide durable financial flexibility to fund working capital and modest capex without immediate external financing. This stability supports supplier relationships and survival through cyclical downturns, enhancing long-term operational resilience.

Negative Factors

Steep Revenue Decline

A multi-year, large revenue contraction signals loss of orders, lower capacity utilization, and erosion of scale advantages. Over months this weakens negotiating leverage with buyers and suppliers, undermines fixed-cost absorption, and makes restoring prior profitability and market share structurally more difficult.

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...

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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...

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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

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

• Technical Analysis Sentiment: Neutral
• Last Price: 37.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 29.63, above the 50-day MA of 33.28, and above the 200-day MA of 35.40, indicating a neutral trend. The MACD of -0.94 indicates Negative momentum. The RSI at 51.69 is Neutral, neither overbought nor oversold. The STOCH value of 87.63 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
KITEX	59 Neutral	₹33.06B	-96.49	―	0.27%	20.41%	-6.50%
MUNJALAU	56 Neutral	₹7.64B	14.78	―	1.24%	13.34%	-26.93%
MIRZAINT	55 Neutral	₹4.30B	-17.45	―	―	-15.05%	-18.55%
LIBERTSHOE	50 Neutral	₹4.36B	200.89	―	―	―	―