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Last Updated on: 22 February, 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

Mirza International Ltd. Share Price Update

Share PriceValue
Today₹48.70
Previous Day₹49.67

Basic Stock Data of Mirza International Ltd

Market Cap 686 Cr.
Current Price 49.7
High / Low74.0/29.9
Stock P/E52.2
Book Value 39.6
Dividend Yield0.00 %
ROCE7.57 %
ROE4.59 %
Face Value 2.00

Data Source: screener.in

Competitors of Mirza International Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bata India Ltd 18,174 Cr. 1,4141,771/1,38162.8 1090.94 %19.6 %19.8 % 5.00
Superhouse Ltd 247 Cr. 224287/19415.8 4040.45 %8.20 %6.07 % 10.0
Sreeleathers Ltd – a Premier Leather Goods Manufacturer 762 Cr. 329436/15926.4 1710.00 %9.80 %7.23 % 10.0
Relaxo Footwears Ltd 20,828 Cr. 837974/748103 76.20.30 %11.8 %8.65 % 1.00
Industry Average261.75 Cr347.7552190.050.42%12.35%10.44%6.5

Mirza International Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales271.79381.25312.78251.77392.74589.57165.13186.01176.25129.87153.31127.60208.70
Expenses239.60334.39272.62215.98344.33509.69149.70162.87156.08115.80146.81116.65196.67
Operating Profit32.1946.8640.1635.7948.4179.8815.4323.1420.1714.076.5010.9512.03
OPM %11.84%12.29%12.84%14.22%12.33%13.55%9.34%12.44%11.44%10.83%4.24%8.58%5.76%
Other Income0.510.230.330.8810.855.400.090.240.130.164.610.973.20
Interest11.2612.057.426.497.346.483.102.052.711.901.922.022.36
Depreciation15.6518.3220.0814.5818.1417.327.026.576.327.276.127.046.40
Profit before tax5.7916.7212.9915.6033.7861.485.4014.7611.275.063.072.866.47
Tax %-8.98%3.89%31.56%25.90%20.87%28.55%-47.96%29.13%20.76%-30.24%25.08%14.69%38.02%
Net Profit6.3216.078.8911.5526.7243.927.9810.468.936.592.312.444.01
EPS in Rs0.531.340.740.962.223.650.660.870.740.550.170.180.29

Mirza International Ltd Quarterly Chart

Mirza International Ltd Profit & Loss

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:30%
5 Years:49%
3 Years:96%
1 Year:36%
Return on Equity
10 Years:%
5 Years:7%
3 Years:7%
Last Year:5%

Mirza International Ltd Balance Sheet

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 of Mirza International Ltd Stock

Fair Value: ₹96.78

The stock is undervalued by 94.73% compared to the current price ₹49.7

*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 is trading at a high valuation with an average P/B ratio of 8.21 and average Dividend Yield of 8.22%.
  2. The stock has a low average ROCE of 10.40%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 133.30, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 193.30, which may not be favorable.

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