MIRZAINTConsumer Discretionary

Mirza International Limited

Leather And Leather Products · ISIN INE771A01026 · BSE 526642 · NSE EQ · FV ₹2
Last price
₹30
+1.79%today
What this company does

Mirza International Limited operates in Leather And Leather Products, part of the Consumer Discretionary sector. It booked ₹128 cr of revenue in its latest quarter (Q1 FY27) and kept -3.2% of sales as profit. It is the 3rd largest of 6 Leather And Leather Products companies we track, by market value.

About Mirza International A LEGACY OF Our journey began with leather craftsmanship, and over four decades later, that foundation CRAFT. A FUTURE continues to shape how we build, manufacture and market footwear. This legacy now powers OF BRANDS. a sharper consumer ambition: to create brands with contemporary design cues, supported by integrated capability and quality discipline that enables execution at scale.
In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 301–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
30

At close. Not part of the score.

Profitability & returns12

How much profit it earns on the money it employs

Balance sheet56

How much it owes, and whether earnings cover the interest

Cash quality73

Whether reported profit actually arrives as cash

Growth & consistency35

Whether sales and profit have grown, and how steadily

Valuation81

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 73%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -3.2% net margin
! Sales down 10% vs last year
! Low -2.9% return on equity

What if I invest in MIRZAINT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹30 +1.79%
latest close · 2026-09-17
1-year return
-46.0%
52-wk low ₹2952-wk high ₹265
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.73Below book
Below bookModerateHigh
EV / EBITDA26.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-2.9%Loss
WeakFairStrong ▸15%
Return on capital-2.4%Loss
WeakFairStrong
Net margin-3.2%Loss
ThinDecentStrong
EBITDA margin2.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover-4.3×Risky
RiskyOkayStrong ▸5×
Current ratio3.81Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹408 cr
Book value
₹41
EPS
₹-0.29
latest quarter
Net debt
₹-18 cr
more cash than debt
Enterprise value
₹391 cr
EBITDA
₹15 cr
annualised
EBIT
₹-14 cr
annualised
Operating margin
-2.8%
Return on assets
-2.4%
Earnings yield
P/S
0.79
Sales / share
₹37.2
Tax rate
Face value
₹2
Shares
13.8 cr
Working capital
₹219 cr
Current assets
₹297 cr
Current liabilities
₹78 cr
Delivery %
56.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹7₹15, midpoint ₹11

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹128 cr
Other Income₹63.4 L
Total Income₹129 cr
Cost of Materials₹63 cr
Purchases of Stock-in-Trade₹24 cr
Inventory Change (±)₹-6 cr
Employee Benefit Expense₹21 cr
Finance Costs₹83.3 L
Depreciation & Amortisation₹7 cr
Other Expenses₹24 cr
Total Expenses₹133 cr
Profit before Tax₹-4 cr
Tax Expense₹-37 L
Net Profit₹-4 cr
Net margin on total income-3.2%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹81 cr60.6%
Employee benefit expense₹21 cr15.6%
Finance costs₹83.3 L0.6%
Depreciation & amortisation₹7 cr5.5%
Other expenses₹24 cr17.7%
Total income ₹129 cr

The company made a net loss of ₹4 cr this quarter — income covered only 97 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue118 cr103 cr128 cr
Total income119 cr103 cr129 cr
Expenses129 cr118 cr133 cr
Profit before tax-10 cr-15 cr-4 cr
Tax-3 cr-2 cr-37 L
Net profit (owners' share)-7 cr-13 cr-4 cr
Net margin (owners' share, on revenue)-6.2%-12.9%-3.2%
EPS (₹)-0.53-0.96-0.29
YoY (latest quarter): total income -9.5% · net profit
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹692 cr
Shareholder equity
₹563 cr
parent shareholders
Total debt
₹15 cr
Cash
₹32 cr
Cash flow · H1 FY26
Operating
₹12 cr
Investing
₹10 cr
Financing
₹-30 cr
Peer comparison
Leather And Leather Products · by market value
CompanyPriceMarket capP/E
Mayur Uniquoters Ltd₹750₹3,259 cr14.5
Bhartiya International Limited₹1,023₹1,372 cr19.4
Mirza International Limitedthis company₹30₹408 cr
Superhouse Limited₹168₹180 cr10.2
Zenith Exports Limited₹197₹106 cr
AKI India Limited₹6₹60 cr29.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.9
ex 18 Feb 2020
ActionDetailEx-date
Dividend₹0.9 / share18 Feb 2020
Dividend₹0.9 / share9 Sep 2019
Dividend₹0.9 / share17 Sep 2018
Dividend₹0.9 / share20 Sep 2017
Dividend₹0.5 / share21 Sep 2016
Dividend₹0.5 / share21 Sep 2015
Who owns it · 2026-06-30
No pledge
Promoter
73.0%
FII / Foreign
0.1%
DII / Domestic
0.0%
Retail / others
26.9%
Promoter stake up 1.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtHIBA MIRZA · Promoter Group5.00 L6 Feb 25
BoughtSarah Mirza · Promoter Group5.00 L6 Feb 25
SoldTauseef Ahmad Mirza · Promoters40.00 L6 Feb 25
Bulk / block deals
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE7.36 L @ ₹59.4923 Jan 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE7.36 L @ ₹59.4223 Jan 24
SoldSKI CAPITAL SERVICES LTD · NSE11.24 L @ ₹61.4319 Jan 24
Stake changes
BoughtTasneef Ahmad mirza along with pac · promoter→ 23.38% · 1.86 L18 Dec 25
BoughtTasneef Ahmad mirza along with pac · promoter→ 23.25% · 74,67515 Dec 25
BoughtTasneef Ahmad Mirza · promoter→ 23.20% · 1.61 L11 Dec 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Jul 2025
See the official result
1
To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of the Auditors and the Board of Directors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
3.76 L votes for, 605 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Tasneef Ahmad Mirza (DIN: 00049066), Whole-time Director of the Company, who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 60% of shareholders other than promotersneeded 50%
2.25 L votes for, 1.52 L against · 100% of mutual funds and other big investors said no
3
Ratification of the remuneration payable to Cost Auditors
Backed by 100% of shareholders other than promotersneeded 50%
3.76 L votes for, 1,046 against · 0% of mutual funds and other big investors said no
4
Appointment of Secretarial Auditors of the Company
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
3.75 L votes for, 1,883 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 19 named members
owning 73.0% between them · as of 2026-06-30
TASNEEF AHMAD MIRZA23.39%
TAUSEEF AHMAD MIRZA22.02%
FARAZ MIRZA12.31%
SHAHID AHMAD MIRZA12.31%
MUSTAFA MIRZA2.17%
HIBA MIRZA0.36%
SARAH MIRZA0.36%
FAUZIA MIRZA0.04%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.