Mirza International Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹17.83Overvalued by 38.30%vs CMP ₹28.90

P/E (15.0) × ROE (3.6%) × BV (₹40.70) × DY (2.00%)

Defaults: P/E=15

₹18.57Overvalued by 35.74%vs CMP ₹28.90
MoS: -55.6% (Negative)Confidence: 53/100 (Moderate)Models: 3 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹10.8519%Over (-62.5%)
Graham NumberEarnings₹23.4417%Over (-18.9%)
Earnings PowerEarnings₹6.0611%Over (-79%)
DCFCash Flow₹4.6314%Over (-84%)
Net Asset ValueAssets₹40.788%Under (+41.1%)
EV/EBITDAEnterprise₹37.1610%Under (+28.6%)
Earnings YieldEarnings₹6.008%Over (-79.2%)
ROCE CapitalReturns₹21.358%Over (-26.1%)
Revenue MultipleRevenue₹42.086%Under (+45.6%)
Consensus (9 models)₹18.57100%Overvalued
Key Drivers: EPS CAGR -39.1% drags value — could be higher if earnings stabilize. | ROE 3.6% 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

Analysis summary

Data coverage: Price-data record updated 25 September 2026, 5:02 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Mirza International Ltd: the stored intrinsic value estimate is ₹18.57, compared with a stored share price of ₹28.90. The model value is 35.7% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation.

Operating performance

Revenue for Mar 2025 was ₹581.00 Cr, versus ₹630.00 Cr in Mar 2024 (-7.8% year on year). Net profit for Mar 2025 was ₹-3.00 Cr, versus ₹12.00 Cr in Mar 2024. These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹28.00 Cr against net profit of ₹-3.00 Cr.A cash-to-profit ratio is not meaningful with zero or negative profit.

Balance-sheet check

Reported borrowings were ₹15.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

53
Mirza International Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 1.8% WeakROE 3.6% WeakD/E 0.08 Low debtInterest Coverage 3.6x AdequateProfitable 4/5 available years Reported history
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 73.0% Stable
Earnings Quality65/100 · Strong
CFO/NP ratio: 3.57x Cash-backed earningsOPM 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 Rank30/100 · Weak
ROCE 1.8% vs industry 7.1% Below peers3Y sales CAGR: -25% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

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Share Price and Basic Stock Data

Last Updated: September 25, 2026, 5:02 am

Market Cap 399 Cr.
Current Price 28.9
Intrinsic Value₹18.57
High / Low 43.5/24.8
Stock P/E
Book Value 40.7
Dividend Yield0.00 %
ROCE1.81 %
ROE3.58 %
Face Value 2.00
PEG Ratio0.00

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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 399 Cr. 28.9 43.5/24.8 40.70.00 %1.81 %3.58 % 2.00
Superhouse Ltd 182 Cr. 165 189/12823.4 4220.48 %3.84 %0.08 % 10.0
Anka India Ltd 107 Cr. 20.7 64.9/18.6 5.120.00 %0.42 %3.47 % 10.0
Zenith Exports Ltd 106 Cr. 196 276/174364 1560.00 %4.97 %2.85 % 10.0
Sreeleathers Ltd – a Premier Leather Goods Manufacturer 694 Cr. 300 400/16521.1 2150.67 %6.97 %4.70 % 10.0
Industry Average861.29 Cr229.0885.81139.270.18%7.13%4.19%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.

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Balance Sheet

Last Updated: July 7, 2026, 4:28 am

MonthMar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 191924242424242828282828
Reserves 107113478548588604614481506525537535
Borrowings 1121131562833572881404945354815
Other Liabilities 6263106146147344392174151131122114
Total Liabilities 3003087641,0021,1151,2601,170732729719734692
Fixed Assets 118124354357409585568361399392415389
CWIP 18302255118411125
Investments 261111277899
Other Assets 163148408619701663592360322308308288
Total Assets 3003087641,0021,1151,2601,170732729719734692

Reserves and Borrowings Chart

Cash Flow

MonthMar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 29114-2435228238-447502844
Cash from Investing Activity + -19-36-59-67-63-4155-53-25-2910
Cash from Financing Activity + -10-828926-157-201-12-32-221-41
Net Cash Flow -1-56-68-339-393113
Free Cash Flow 980-83-3316519651-719-1655
CFO/OP 151%91%6%45%144%200%-3%93%115%87%243%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
PeriodMar 2007Mar 2008Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Free Cash Flow9.00N/A80.00-83.00-33.00165.00196.0051.00-7.0019.00-16.0055.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

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

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 71.76%71.77%71.39%71.27%71.27%71.27%71.27%71.27%71.37%72.99%72.99%72.99%
FIIs 1.38%0.47%0.34%0.34%0.30%0.17%0.14%0.14%0.14%0.25%0.17%0.14%
DIIs 0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 26.85%27.75%28.27%28.38%28.44%28.55%28.57%28.58%28.46%26.75%26.82%26.85%
No. of Shareholders 87,64487,98087,83384,12581,94381,07983,18481,69983,05378,77777,17675,840

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

Frequently asked questions

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

Mirza International Ltd: the stored intrinsic value estimate is ₹18.57, compared with a stored share price of ₹28.90. The model value is 35.7% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Mirza International Ltd?

The stored share price is ₹28.90. Price-data record updated: 25 September 2026, 5:02 am +05:30. This is not a live quote. The stored 52-week high / low is 43.5/24.8; this is a rolling range, not a financial-year range.

How have Mirza International Ltd's revenue and profit changed?

Revenue for Mar 2025 was ₹581.00 Cr, versus ₹630.00 Cr in Mar 2024 (-7.8% year on year). Net profit for Mar 2025 was ₹-3.00 Cr, versus ₹12.00 Cr in Mar 2024. These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Does Mirza International Ltd's profit convert into cash?

For the same Mar 2025 period, operating cash flow was ₹28.00 Cr against net profit of ₹-3.00 Cr.A cash-to-profit ratio is not meaningful with zero or negative profit.

What should I check in Mirza International Ltd's balance sheet?

Reported borrowings were ₹15.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

What could change Mirza International Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.

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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