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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mirza International Ltd

About the Company - Mirza International Ltd

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 Tanning and finishing of sole leather. Company’s Total Operating Revenue is Rs. 1671.55 Cr. and Equity Capital is Rs. 24.06 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Leather/Synthetic Products14/6, Civil Lines, Kanpur Uttar Pradesh 208001priyanka.pahuja@redtapeindia.com
http://www.mirza.co.in
Management
NamePosition Held
Mr. Tauseef Ahmad MirzaManaging Director
Mr. Shahid Ahmad MirzaWhole Time Director
Mr. Tasneef Ahmad MirzaWhole Time Director
Mr. Qazi Noorus SalamIndependent Director
Mr. Sudhindra Kumar JainIndependent Director
Dr. Yashvir SinghIndependent Director
Ms. Saumya SrivastavaIndependent Director
Mr. Sanjay BhallaIndependent Director
Mr. Sanjiv GuptaIndependent Director
Mr. Faraz MirzaWhole Time Director
Mr. Nirmal SahijwaniWhole Time Director

Basic Stock Data of Mirza International Ltd

Last Updated: May 30, 2024, 6:19 am

Market Cap 627 Cr.
Current Price 45.4
High / Low63.6/41.5
Stock P/E47.6
Book Value 39.6
Dividend Yield0.00 %
ROCE7.57 %
ROE4.59 %
Face Value 2.00
PEG Ratio-2.22

Competitors of Mirza International Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Billwin Industries Ltd 19.9 Cr. 46.670.1/27.125.1 15.10.00 %13.8 %13.9 % 10.0
Anka India Ltd 10.9 Cr. 12.520.5/0.00 0.560.00 %%% 10.0
Superhouse Ltd 236 Cr. 215275/19015.1 4040.46 %8.20 %6.07 % 10.0
Mayur Uniquoters Ltd 2,358 Cr. 537618/45419.7 1970.37 %18.9 %14.7 % 5.00
Sreeleathers Ltd – a Premier Leather Goods Manufacturer 680 Cr. 296436/18823.6 1710.00 %9.80 %7.23 % 10.0
Industry Average660.96 Cr221.4216.70157.530.17%10.14%8.38%9.00

Mirza International Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales381.25312.78251.77392.74589.57165.13186.01176.25129.87153.31127.60208.70141.67
Expenses334.39272.62215.98344.33509.69149.70162.87156.08115.91146.81116.65196.66126.25
Operating Profit46.8640.1635.7948.4179.8815.4323.1420.1713.966.5010.9512.0415.42
OPM %12.29%12.84%14.22%12.33%13.55%9.34%12.44%11.44%10.75%4.24%8.58%5.77%10.88%
Other Income0.230.330.8810.855.400.090.240.130.164.610.973.191.55
Interest12.057.426.497.346.483.102.052.711.901.922.022.363.94
Depreciation18.3220.0814.5818.1417.327.026.576.327.166.127.046.407.18
Profit before tax16.7212.9915.6033.7861.485.4014.7611.275.063.072.866.475.85
Tax %3.89%31.56%25.90%20.87%28.55%-47.96%29.13%20.76%24.31%25.08%14.69%38.02%24.96%
Net Profit16.078.8911.5526.7243.927.9810.468.933.832.312.444.014.40
EPS in Rs1.340.740.962.223.650.660.870.740.320.170.180.290.32

Last Updated: May 5, 2024, 2:38 am

Mirza International Ltd Quarterly Chart

Mirza International Ltd Profit & Loss

Last Updated: May 2, 2024, 5:08 am

MonthMar 2006Mar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2252872899369721,1521,2611,0491,399653619
Expenses2072582867757971,0091,0899301,223590576
Operating Profit182931611751431721191766344
OPM %8%10%1%17%18%12%14%11%13%10%7%
Other Income1521271-13201889
Interest71415262534464123108
Depreciation7892932356367582627
Profit before tax192861071187664121133617
Tax %37%37%44%33%33%36%26%30%23%26%
Net Profit12183727849488862615
EPS in Rs1.271.900.355.966.524.063.970.697.191.911.19
Dividend Payout %39%26%86%15%14%22%23%0%0%0%

Mirza International Ltd Profit & Loss Yearly Chart

Mirza International Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:-8%
3 Years:-20%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:-21%
3 Years:-21%
TTM:-58%
Stock Price CAGR
10 Years:28%
5 Years:45%
3 Years:86%
1 Year:-22%
Return on Equity
10 Years:%
5 Years:7%
3 Years:7%
Last Year:5%

Last Updated: May 23, 2024, 4:00 pm

Mirza International Ltd Balance Sheet

Last Updated: May 2, 2024, 5:08 am

MonthMar 2006Mar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1919192424242424282828
Reserves98107113478548588604614481506519
Borrowings107112113156283357288140492651
Other Liabilities516263106146147344392174169153
Total Liabilities2743003087641,0021,1151,2601,170732729751
Fixed Assets111118124354357409585568361394389
CWIP1318302255118415
Investments6261111271212
Other Assets145163148408619701663592360322345
Total Assets2743003087641,0021,1151,2601,170732729751

Mirza International Ltd Reserves and Borrowings Chart

Mirza International Ltd Cash Flow

MonthMar 2006Mar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -429114-2435228238-447
Cash from Investing Activity -18-19-36-59-67-63-4155-53
Cash from Financing Activity 12-10-828926-157-201-12-32
Net Cash Flow-10-1-56-68-339-39

Mirza International Ltd Financial Efficiency Indicators

MonthMar 2006Mar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days44453926504941281548
Inventory Days29221818019229124021426470155
Days Payable57595829654550684791
Cash Conversion Cycle27920416118927524420622438113
Working Capital Days1791501231201771761341384096
ROCE %18%9%19%12%12%6%20%8%

Mirza International Ltd Financial Efficiency Indicators Chart

Mirza International Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters67.66%67.66%67.79%67.91%67.91%67.91%67.95%68.15%71.77%71.77%71.76%71.77%
FIIs0.04%0.04%1.65%2.82%3.00%3.42%3.49%3.09%1.56%2.40%1.38%0.47%
DIIs0.04%0.04%0.04%0.04%0.04%3.11%3.87%4.47%4.13%0.00%0.00%0.00%
Public32.26%32.26%30.52%29.23%29.05%25.56%24.69%24.30%22.55%25.83%26.85%27.75%
No. of Shareholders52,64857,56864,26968,22167,61567,75270,80872,75673,02991,50087,64487,980

Mirza International Ltd Shareholding Pattern Chart

No. of Mirza International Ltd Shareholders

This stock is not held by any mutual fund

Mirza International Ltd ROCE Trend

Mirza International Ltd EPS Trend

Mirza International Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)1.919.380.693.974.06
Diluted EPS (Rs.)1.919.380.693.974.06
Cash EPS (Rs.)3.7614.406.239.247.00
Book Value[Excl.RevalReserv]/Share (Rs.)38.6063.1553.0652.2050.84
Book Value[Incl.RevalReserv]/Share (Rs.)38.6063.1553.0652.2050.84
Revenue From Operations / Share (Rs.)47.25139.5487.19104.8495.74
PBDIT / Share (Rs.)5.1620.029.9314.4212.12
PBIT / Share (Rs.)3.3115.014.409.159.17
PBT / Share (Rs.)2.6012.760.995.366.32
Net Profit / Share (Rs.)1.919.390.693.974.06
NP After MI And SOA / Share (Rs.)1.919.380.693.974.06
PBDIT Margin (%)10.9214.3411.3913.7512.65
PBIT Margin (%)7.0010.755.048.729.57
PBT Margin (%)5.509.141.135.106.59
Net Profit Margin (%)4.046.730.793.784.23
NP After MI And SOA Margin (%)4.046.720.793.784.23
Return on Networth / Equity (%)4.9514.861.307.597.97
Return on Capital Employeed (%)7.9817.456.1213.1316.31
Return On Assets (%)3.627.930.713.784.37
Long Term Debt / Equity (X)0.000.010.010.020.03
Total Debt / Equity (X)0.040.100.190.430.55
Asset Turnover Ratio (%)0.601.290.861.061.09
Current Ratio (X)2.042.021.891.531.56
Quick Ratio (X)1.020.660.500.550.57
Inventory Turnover Ratio (X)0.760.610.430.740.75
Dividend Payout Ratio (NP) (%)0.000.000.0045.3922.19
Dividend Payout Ratio (CP) (%)0.000.000.0019.4812.85
Earning Retention Ratio (%)0.000.000.0054.6177.81
Cash Earning Retention Ratio (%)0.000.000.0080.5287.15
Interest Coverage Ratio (X)7.288.922.913.814.25
Interest Coverage Ratio (Post Tax) (X)3.705.191.202.052.42
Enterprise Value (Cr.)494.321992.96657.87695.47988.90
EV / Net Operating Revenue (X)0.751.190.620.550.85
EV / EBITDA (X)6.938.285.514.016.78
MarketCap / Net Operating Revenue (X)0.741.150.520.340.57
Retention Ratios (%)0.000.000.0054.6077.80
Price / BV (X)0.902.550.850.701.08
Price / Net Operating Revenue (X)0.741.150.520.340.57
EarningsYield0.050.050.010.100.07

Mirza International Ltd Profitability Ratios (%)

Mirza International Ltd Liquidity Ratios

Mirza International Ltd Liquidity Ratios (%)

Mirza International Ltd Interest Coverage Ratios (%)

Mirza International Ltd Valuation Ratios

Fair Value

Fair Value: ₹88.25

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 94.38% compared to the current price ₹45.4

Intrinsic Value: ₹69.35

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 52.76% compared to the current price ₹45.4

Last 5 Year EPS CAGR: -21.41%

*Investments are subject to market risks

Strength and Weakness of Mirza International Ltd Stock

StrengthWeakness
  1. The company has higher reserves (423.27 cr) compared to borrowings (152.91 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (362.27 cr) and profit (54.18 cr) over the years.
  1. The stock has a low average ROCE of 10.40%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 133.30, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 193.30, which may not be favorable.

FAQ

What is the latest fair value of Mirza International Ltd?

The latest fair value of Mirza International Ltd is ₹88.25.

What is the Market Cap of Mirza International Ltd?

The Market Cap of Mirza International Ltd is 627 Cr..

What is the current Stock Price of Mirza International Ltd as on 30 May 2024?

The current stock price of Mirza International Ltd as on 30 May 2024 is ₹45.4.

What is the High / Low of Mirza International Ltd stocks in FY 2024?

In FY 2024, the High / Low of Mirza International Ltd stocks is 63.6/41.5.

What is the Stock P/E of Mirza International Ltd?

The Stock P/E of Mirza International Ltd is 47.6.

What is the Book Value of Mirza International Ltd?

The Book Value of Mirza International Ltd is 39.6.

What is the Dividend Yield of Mirza International Ltd?

The Dividend Yield of Mirza International Ltd is 0.00 %.

What is the ROCE of Mirza International Ltd?

The ROCE of Mirza International Ltd is 7.57 %.

What is the ROE of Mirza International Ltd?

The ROE of Mirza International Ltd is 4.59 %.

What is the Face Value of Mirza International Ltd?

The Face Value of Mirza International Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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