Mirza International Ltd

Mirza International Ltd

₹ 44.1 -0.74%
14 Jun 4:01 p.m.
About

Incorporated in 1979, Mirza International Ltd is a manufacturer & exporter of finished leather, Footwear and trader of footwear and apparels and allied products[1]

Key Points

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

  • Market Cap 609 Cr.
  • Current Price 44.1
  • High / Low 63.6 / 39.5
  • Stock P/E 43.6
  • Book Value 34.0
  • Dividend Yield 0.00 %
  • ROCE 5.31 %
  • ROE 3.02 %
  • 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
  • Promoter holding has decreased over last quarter: -0.38%
  • The company has delivered a poor sales growth of -12.2% over past five years.
  • Company has a low return on equity of 8.50% over last 3 years.
  • Company's cost of borrowing seems high

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
312.38 250.77 392.74 585.37 156.74 180.33 178.36 118.07 150.30 124.19 198.74 137.25 142.58
272.97 215.58 344.34 507.49 141.63 157.39 158.89 104.85 143.70 114.32 184.23 123.24 132.50
Operating Profit 39.41 35.19 48.40 77.88 15.11 22.94 19.47 13.22 6.60 9.87 14.51 14.01 10.08
OPM % 12.62% 14.03% 12.32% 13.30% 9.64% 12.72% 10.92% 11.20% 4.39% 7.95% 7.30% 10.21% 7.07%
0.37 0.88 10.84 5.40 0.09 0.24 0.13 0.14 4.52 0.97 2.33 1.36 0.69
Interest 7.41 6.49 7.34 6.48 2.70 1.72 2.39 1.73 1.90 1.52 1.93 2.03 1.56
Depreciation 19.84 14.47 18.11 17.25 7.10 6.53 6.12 6.60 6.17 6.88 6.26 7.02 7.86
Profit before tax 12.53 15.11 33.79 59.55 5.40 14.93 11.09 5.03 3.05 2.44 8.65 6.32 1.35
Tax % 28.97% 25.41% 20.63% 28.48% 7.59% 25.59% 21.28% 19.48% 24.92% 10.66% 30.17% 22.94% 34.81%
8.90 11.27 26.81 42.60 4.99 11.11 8.73 4.05 2.30 2.18 6.05 4.87 0.89
EPS in Rs 0.74 0.94 2.23 3.54 0.41 0.92 0.73 0.34 0.17 0.16 0.44 0.35 0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
643 707 918 926 936 972 1,152 1,260 1,047 1,386 627 603
527 582 775 755 775 797 1,009 1,088 930 1,209 568 556
Operating Profit 116 125 143 171 161 175 143 172 117 177 59 47
OPM % 18% 18% 16% 18% 17% 18% 12% 14% 11% 13% 9% 8%
-0 -3 -1 3 1 -1 3 2 0 18 8 7
Interest 32 32 39 32 26 25 34 46 41 23 8 7
Depreciation 20 22 25 26 29 32 35 63 66 58 25 28
Profit before tax 64 68 79 116 107 118 76 64 10 114 34 19
Tax % 33% 36% 35% 33% 33% 33% 36% 26% 29% 25% 23% 26%
43 43 51 78 72 78 49 48 7 86 26 14
EPS in Rs 4.69 4.68 5.52 6.49 5.96 6.52 4.05 3.96 0.61 7.11 1.90 1.01
Dividend Payout % 11% 11% 9% 7% 15% 14% 22% 23% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: -12%
3 Years: -17%
TTM: -4%
Compounded Profit Growth
10 Years: -11%
5 Years: -22%
3 Years: 22%
TTM: -41%
Stock Price CAGR
10 Years: 27%
5 Years: 43%
3 Years: 81%
1 Year: -15%
Return on Equity
10 Years: 10%
5 Years: 7%
3 Years: 9%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 19 19 19 22 24 24 24 24 24 28 28 28
Reserves 233 268 294 422 478 548 588 604 613 406 428 443
Preference Capital 0 0 0 2 0 0 0 0 0 0 0
167 212 218 205 156 283 357 288 140 49 26 20
87 117 127 113 106 146 147 344 391 134 111 107
Total Liabilities 506 616 657 762 764 1,002 1,115 1,260 1,168 617 593 597
252 308 308 336 349 357 409 585 563 289 314 304
CWIP 30 7 3 9 2 25 5 11 11 4 0 0
Investments 1 1 1 1 4 1 1 2 3 10 15 16
224 300 346 416 410 619 701 663 591 315 263 277
Total Assets 506 616 657 762 764 1,002 1,115 1,260 1,168 617 593 597

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
89 48 97 90 114 -24 35 228 234 341 69 29
-58 -54 -59 -34 -36 -59 -67 -63 -39 -231 -39 -18
-39 8 -39 -51 -82 89 26 -157 -201 -113 -30 -14
Net Cash Flow -8 2 -1 6 -5 6 -6 8 -5 -3 -1 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 18 22 17 25 26 50 49 41 28 28 47 49
Inventory Days 136 175 151 191 192 291 240 215 264 59 121 134
Days Payable 48 61 56 40 29 65 45 50 68 42 59 60
Cash Conversion Cycle 107 135 113 175 189 275 244 206 224 45 109 123
Working Capital Days 80 92 79 119 120 177 176 134 132 50 102 108
ROCE % 24% 23% 23% 25% 20% 19% 12% 12% 6% 22% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.66% 67.79% 67.91% 67.91% 67.91% 67.95% 68.15% 71.77% 71.77% 71.76% 71.77% 71.39%
0.04% 1.65% 2.82% 3.00% 3.42% 3.49% 3.09% 1.56% 2.40% 1.38% 0.47% 0.34%
0.04% 0.04% 0.04% 0.04% 3.11% 3.87% 4.47% 4.13% 0.00% 0.00% 0.00% 0.00%
32.26% 30.52% 29.23% 29.05% 25.56% 24.69% 24.30% 22.55% 25.83% 26.85% 27.75% 28.27%
No. of Shareholders 57,56864,26968,22167,61567,75270,80872,75673,02991,50087,64487,98087,833

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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