Mirza International Ltd
Incorporated in 1979, Mirza International Ltd is a manufacturer & exporter of finished leather, Footwear and trader of footwear and apparels and allied products[1]
- Market Cap ₹ 631 Cr.
- Current Price ₹ 45.6
- High / Low ₹ 74.0 / 28.5
- Stock P/E 14.7
- Book Value ₹ 32.9
- Dividend Yield 0.00 %
- ROCE 7.96 %
- ROE 5.30 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -8.39% over past five years.
- Company has a low return on equity of 7.22% over last 3 years.
- Debtor days have increased from 34.2 to 46.7 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Leather Industry: Leather / Leather Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
557 | 643 | 707 | 918 | 926 | 936 | 972 | 1,152 | 1,260 | 1,047 | 1,386 | 627 | 872 | |
469 | 527 | 582 | 775 | 755 | 775 | 797 | 1,009 | 1,088 | 930 | 1,209 | 568 | 780 | |
Operating Profit | 88 | 116 | 125 | 143 | 171 | 161 | 175 | 143 | 172 | 117 | 177 | 59 | 93 |
OPM % | 16% | 18% | 18% | 16% | 18% | 17% | 18% | 12% | 14% | 11% | 13% | 9% | 11% |
6 | -0 | -3 | -1 | 3 | 1 | -1 | 3 | 2 | 0 | 18 | 8 | 9 | |
Interest | 27 | 32 | 32 | 39 | 32 | 26 | 25 | 34 | 46 | 41 | 23 | 8 | 11 |
Depreciation | 15 | 20 | 22 | 25 | 26 | 29 | 32 | 35 | 63 | 66 | 58 | 25 | 36 |
Profit before tax | 52 | 64 | 68 | 79 | 116 | 107 | 118 | 76 | 64 | 10 | 114 | 34 | 54 |
Tax % | 32% | 33% | 36% | 35% | 33% | 33% | 33% | 36% | 26% | 29% | 25% | 23% | |
35 | 43 | 43 | 51 | 78 | 72 | 78 | 49 | 48 | 7 | 86 | 26 | 43 | |
EPS in Rs | 3.81 | 4.69 | 4.68 | 5.52 | 6.49 | 5.96 | 6.52 | 4.05 | 3.96 | 0.61 | 7.11 | 1.90 | 3.53 |
Dividend Payout % | 13% | 11% | 11% | 9% | 7% | 15% | 14% | 22% | 23% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 0% |
5 Years: | -8% |
3 Years: | -21% |
TTM: | -34% |
Compounded Profit Growth | |
---|---|
10 Years: | -6% |
5 Years: | -22% |
3 Years: | -21% |
TTM: | -50% |
Stock Price CAGR | |
---|---|
10 Years: | 33% |
5 Years: | 35% |
3 Years: | 90% |
1 Year: | 7% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
19 | 19 | 19 | 19 | 24 | 24 | 24 | 24 | 24 | 24 | 28 | 28 | |
Reserves | 188 | 233 | 268 | 294 | 422 | 478 | 548 | 588 | 604 | 613 | 406 | 428 |
170 | 167 | 212 | 218 | 205 | 156 | 283 | 357 | 288 | 140 | 49 | 26 | |
82 | 87 | 117 | 127 | 113 | 106 | 146 | 147 | 344 | 391 | 134 | 111 | |
Total Liabilities | 459 | 506 | 616 | 657 | 762 | 764 | 1,002 | 1,115 | 1,260 | 1,168 | 617 | 593 |
225 | 252 | 308 | 308 | 336 | 349 | 357 | 409 | 585 | 563 | 289 | 314 | |
CWIP | 17 | 30 | 7 | 3 | 9 | 2 | 25 | 5 | 11 | 11 | 4 | 0 |
Investments | 1 | 1 | 1 | 1 | 1 | 4 | 1 | 1 | 2 | 3 | 10 | 15 |
217 | 224 | 300 | 346 | 416 | 410 | 619 | 701 | 663 | 591 | 315 | 263 | |
Total Assets | 459 | 506 | 616 | 657 | 762 | 764 | 1,002 | 1,115 | 1,260 | 1,168 | 617 | 593 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
50 | 89 | 48 | 97 | 90 | 114 | -24 | 35 | 228 | 234 | 341 | 69 | |
-46 | -58 | -54 | -59 | -34 | -36 | -59 | -67 | -63 | -39 | -231 | -39 | |
3 | -39 | 8 | -39 | -51 | -82 | 89 | 26 | -157 | -201 | -113 | -30 | |
Net Cash Flow | 7 | -8 | 2 | -1 | 6 | -5 | 6 | -6 | 8 | -5 | -3 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 24 | 18 | 22 | 17 | 25 | 26 | 50 | 49 | 41 | 28 | 28 | 47 |
Inventory Days | 143 | 136 | 175 | 151 | 191 | 192 | 291 | 240 | 215 | 264 | 59 | 121 |
Days Payable | 39 | 48 | 61 | 56 | 40 | 29 | 65 | 45 | 50 | 68 | 42 | 59 |
Cash Conversion Cycle | 129 | 107 | 135 | 113 | 175 | 189 | 275 | 244 | 206 | 224 | 45 | 109 |
Working Capital Days | 78 | 80 | 92 | 79 | 119 | 120 | 177 | 176 | 134 | 132 | 50 | 102 |
ROCE % | 21% | 24% | 23% | 23% | 25% | 20% | 19% | 12% | 12% | 6% | 22% | 8% |
Documents
Announcements
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Business Divisions:[1]
a) Tannery Division:
Manufacturing Finished Leather from Raw Hides, Wet Blue & Crust
b) Shoe Division:
Manufacturing Finished Leather Shoes
c) Garments/ Accessories Division:
Trading of Garments/Accessories