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Last Updated: April 2, 2026, 3:20 am
Author: Getaka|Social: XLinkedIn

Mirza International Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3.98Overvalued by 85.68%vs CMP ₹27.80

P/E (15.0) × ROE (0.8%) × BV (₹41.70) × DY (2.00%)

Defaults: P/E=15

₹16.95Overvalued by 39.03%vs CMP ₹27.80
MoS: -64% (Negative)Confidence: 53/100 (Moderate)Models: 3 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2.4219%Over (-91.3%)
Graham NumberEarnings₹23.7317%Over (-14.6%)
Earnings PowerEarnings₹5.4711%Over (-80.3%)
DCFCash Flow₹4.0514%Over (-85.4%)
Net Asset ValueAssets₹41.778%Under (+50.3%)
EV/EBITDAEnterprise₹36.5610%Under (+31.5%)
Earnings YieldEarnings₹6.008%Over (-78.4%)
ROCE CapitalReturns₹22.158%Over (-20.3%)
Revenue MultipleRevenue₹42.066%Under (+51.3%)
Consensus (9 models)₹16.95100%Overvalued
Key Drivers: EPS CAGR -39.1% drags value — could be higher if earnings stabilize. | ROE 0.8% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -39.1% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

46
Mirza International Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 1.0% WeakROE 0.8% WeakD/E 0.19 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money70/100 · Strong
FII holding up 0.11% (6mo) Slight increasePromoter increased by 1.62% Positive
Earnings Quality40/100 · Moderate
OPM contracting (12% → 7%) Declining
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -11% YoY DecliningProfit (4Q): +299% YoY StrongOPM: -1.1% (down 3.8% YoY) Margin pressure
Industry Rank20/100 · Weak
ROCE 1.0% vs industry 6.8% Below peersROE 0.8% vs industry 4.4% Below peers3Y sales CAGR: -25% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Mirza International Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 28.0 | ROCE 1.0% | ROE 0.8% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.19x | IntCov 0.0x | Current 1.89x | Borrow/Reserve 0.04x
Cash Flow Reliability
71/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-3 Cr | CFO/NP N/A
Ownership Accumulation
+50
Accumulation
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.11 pp | DII 0.00 pp | Prom +1.62 pp
Business Momentum
-63
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -28.1% | Q NP -440.0% | Q OPM -8.8 pp
Derived FieldValueHow it is derived
Valuation Gap %-39.0%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.04xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.11 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change+1.62 ppLatest promoter% minus previous promoter%
Shareholder Count Change-4,276Latest shareholder count minus previous count
Quarterly Sales Change-28.1%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-440.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-8.8 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:20 am

Market Cap 384 Cr.
Current Price 27.8
Intrinsic Value₹16.95
High / Low 44.0/24.8
Stock P/E
Book Value 41.7
Dividend Yield0.00 %
ROCE1.00 %
ROE0.78 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Mirza International Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mirza International Ltd 384 Cr. 27.8 44.0/24.8 41.70.00 %1.00 %0.78 % 2.00
Sreeleathers Ltd – a Premier Leather Goods Manufacturer 404 Cr. 174 283/16516.6 2090.57 %7.31 %5.14 % 10.0
Superhouse Ltd 153 Cr. 139 202/12224.9 4180.58 %3.90 %1.19 % 10.0
Anka India Ltd 113 Cr. 21.9 71.1/18.6 5.230.00 %%% 10.0
Zenith Exports Ltd 101 Cr. 187 352/17452.2 1560.00 %1.46 %2.96 % 10.0
Industry Average620.71 Cr165.2628.04135.720.19%6.81%4.43%8.00

All Competitor Stocks of Mirza International Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 129.87160.87127.60208.70141.67152.39143.51201.39114.38121.95142.11164.36118.21
Expenses 115.91151.73118.39196.66126.25140.36132.99184.51111.25116.33129.42151.69119.51
Operating Profit 13.969.149.2112.0415.4212.0310.5216.883.135.6212.6912.67-1.30
OPM % 10.75%5.68%7.22%5.77%10.88%7.89%7.33%8.38%2.74%4.61%8.93%7.71%-1.10%
Other Income 0.164.512.713.191.550.570.210.310.540.4619.080.580.93
Interest 1.903.122.022.363.943.481.642.593.732.642.292.271.89
Depreciation 7.165.677.046.407.187.717.987.287.777.577.977.917.67
Profit before tax 5.064.862.866.475.851.411.117.32-7.83-4.1321.513.07-9.93
Tax % 24.31%33.95%14.69%38.02%24.96%14.18%41.44%19.54%-27.46%6.30%17.20%30.29%-26.38%
Net Profit 3.833.222.444.014.401.220.645.90-5.69-4.4017.812.15-7.31
EPS in Rs 0.320.230.180.290.320.090.050.43-0.41-0.321.290.16-0.53

Last Updated: March 3, 2026, 8:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 1:46 am

MetricMar 2006Mar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2252872899369721,1521,2611,0491,399653630581547
Expenses 2072582867757971,0091,0899301,223590582546517
Operating Profit 1829316117514317211917663493530
OPM % 8%10%1%17%18%12%14%11%13%10%8%6%5%
Other Income 1521271-13201888321
Interest 714152625344641231012119
Depreciation 78929323563675826283131
Profit before tax 192861071187664121133617-411
Tax % 37%37%44%33%33%36%26%30%23%26%27%-7%
Net Profit 12183727849488862612-38
EPS in Rs 1.271.900.355.966.524.063.970.697.191.910.87-0.240.60
Dividend Payout % 39%26%86%15%14%22%23%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2006-20072007-20082017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)50.00%-83.33%8.33%-37.18%-2.04%-83.33%975.00%-69.77%-53.85%-125.00%
Change in YoY Net Profit Growth (%)0.00%-133.33%91.67%-45.51%35.14%-81.29%1058.33%-1044.77%15.92%-71.15%

Mirza International Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2006-2007 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 1:39 am

MonthMar 2006Mar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 19191924242424242828282828
Reserves 98107113478548588604614481506525537549
Borrowings 1071121131562833572881404945354823
Other Liabilities 516263106146147344392174151131122151
Total Liabilities 2743003087641,0021,1151,2601,170732729719734750
Fixed Assets 111118124354357409585568361399392415401
CWIP 1318302255118411122
Investments 6261111277899
Other Assets 145163148408619701663592360322308308337
Total Assets 2743003087641,0021,1151,2601,170732729719734750

Reserves and Borrowings Chart

Cash Flow

MonthMar 2006Mar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -429114-2435228238-4475028
Cash from Investing Activity + -18-19-36-59-67-63-4155-53-25-29
Cash from Financing Activity + 12-10-828926-157-201-12-32-221
Net Cash Flow -10-1-56-68-339-3931
Free Cash Flow -22980-83-3316519651-719-16
CFO/OP 33%151%91%6%45%144%200%-3%93%115%87%

Free Cash Flow

MonthMar 2006Mar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-89.00-83.00-110.005.00-108.00-214.00-116.00-21.00127.0018.0014.00-13.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2006Mar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 444539265049412815484642
Inventory Days 29221818019229124021426470155149171
Days Payable 575958296545506847917373
Cash Conversion Cycle 27920416118927524420622438113121140
Working Capital Days 179150123708276619128919096
ROCE %18%9%19%12%12%6%20%7%5%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 71.77%71.77%71.76%71.77%71.39%71.27%71.27%71.27%71.27%71.27%71.37%72.99%
FIIs 1.56%2.40%1.38%0.47%0.34%0.34%0.30%0.17%0.14%0.14%0.14%0.25%
DIIs 4.13%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%
Public 22.55%25.83%26.85%27.75%28.27%28.38%28.44%28.55%28.57%28.58%28.46%26.75%
No. of Shareholders 73,02991,50087,64487,98087,83384,12581,94381,07983,18481,69983,05378,777

Shareholding Pattern Chart

No. of Shareholders

Mirza International Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -0.240.871.919.380.69
Diluted EPS (Rs.) -0.240.871.919.380.69
Cash EPS (Rs.) 1.982.923.7614.406.23
Book Value[Excl.RevalReserv]/Share (Rs.) 40.8439.9938.6063.1553.06
Book Value[Incl.RevalReserv]/Share (Rs.) 40.8439.9938.6063.1553.06
Revenue From Operations / Share (Rs.) 42.0645.6147.25139.5487.19
PBDIT / Share (Rs.) 2.734.105.1620.029.93
PBIT / Share (Rs.) 0.512.053.3115.014.40
PBT / Share (Rs.) -0.251.202.6012.760.99
Net Profit / Share (Rs.) -0.230.871.919.390.69
NP After MI And SOA / Share (Rs.) -0.230.871.919.380.69
PBDIT Margin (%) 6.488.9910.9214.3411.39
PBIT Margin (%) 1.214.507.0010.755.04
PBT Margin (%) -0.612.635.509.141.13
Net Profit Margin (%) -0.561.914.046.730.79
NP After MI And SOA Margin (%) -0.561.914.046.720.79
Return on Networth / Equity (%) -0.582.174.9514.861.30
Return on Capital Employeed (%) 1.174.827.9817.456.12
Return On Assets (%) -0.441.673.627.930.71
Long Term Debt / Equity (X) 0.000.000.000.010.01
Total Debt / Equity (X) 0.080.060.040.100.19
Asset Turnover Ratio (%) 0.790.870.601.290.86
Current Ratio (X) 2.302.352.042.021.89
Quick Ratio (X) 1.081.161.020.660.50
Inventory Turnover Ratio (X) 3.684.000.760.610.43
Interest Coverage Ratio (X) 3.554.817.288.922.91
Interest Coverage Ratio (Post Tax) (X) 0.682.023.705.191.20
Enterprise Value (Cr.) 402.05609.53494.321992.96657.87
EV / Net Operating Revenue (X) 0.690.960.751.190.62
EV / EBITDA (X) 10.6710.746.938.285.51
MarketCap / Net Operating Revenue (X) 0.640.940.741.150.52
Price / BV (X) 0.661.070.902.550.85
Price / Net Operating Revenue (X) 0.640.940.741.150.52
EarningsYield -0.010.020.050.050.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Mirza International Ltd. is a Public Limited Listed company incorporated on 05/09/1979 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L19129UP1979PLC004821 and registration number is 004821. Currently Company is involved in the business activities of Manufacture of leather footwear such as shoes, sandals, chappals, leather- cum-rubber/plastic cloth sandles and chappals. Company's Total Operating Revenue is Rs. 569.59 Cr. and Equity Capital is Rs. 27.64 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Leather/Synthetic ProductsA 71, Sector 136, Noida Uttar Pradesh 201301Contact not found
Management
NamePosition Held
Mr. Tauseef Ahmad MirzaManaging Director
Mr. Shahid Ahmad MirzaWhole Time Director
Mr. Tasneef Ahmad MirzaWhole Time Director
Mr. Faraz MirzaWhole Time Director
Mr. Nirmal SahijwaniWhole Time Director
Mr. Sanjay BhallaIndependent Director
Mr. Sanjiv GuptaIndependent Director
Ms. Saumya SrivastavaIndependent Director
Mr. Sabir Amin Ul RahmanIndependent Director
Mr. Subhash Chander SapraIndependent Director

FAQ

What is the intrinsic value of Mirza International Ltd and is it undervalued?

As of 05 April 2026, Mirza International Ltd's intrinsic value is ₹16.95, which is 39.03% lower than the current market price of ₹27.80, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.78 %), book value (₹41.7), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Mirza International Ltd?

Mirza International Ltd is trading at ₹27.80 as of 05 April 2026, with a FY2026-2027 high of ₹44.0 and low of ₹24.8. The stock is currently near its 52-week low. Market cap stands at ₹384 Cr..

How does Mirza International Ltd's P/E ratio compare to its industry?

Mirza International Ltd has a P/E ratio of , which is below the industry average of 28.04. This is broadly in line with or below the industry average.

Is Mirza International Ltd financially healthy?

Key indicators for Mirza International Ltd: ROCE of 1.00 % is on the lower side compared to the industry average of 6.81%; ROE of 0.78 % is below ideal levels (industry average: 4.43%). Dividend yield is 0.00 %.

Is Mirza International Ltd profitable and how is the profit trend?

Mirza International Ltd reported a net profit of ₹-3 Cr in Mar 2025 on revenue of ₹581 Cr. Compared to ₹86 Cr in Mar 2022, the net profit shows a declining trend.

Does Mirza International Ltd pay dividends?

Mirza International Ltd has a dividend yield of 0.00 % at the current price of ₹27.80. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mirza International Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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