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 ₹ 627 Cr.
- Current Price ₹ 45.4
- High / Low ₹ 74.0 / 28.5
- Stock P/E 40.9
- Book Value ₹ 39.6
- Dividend Yield 0.00 %
- ROCE 7.57 %
- ROE 4.59 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 1.15 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -7.65% over past five years.
- Company has a low return on equity of 6.87% over last 3 years.
- Debtor days have increased from 30.5 to 48.5 days.
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
225 | 287 | 289 | 936 | 972 | 1,152 | 1,261 | 1,049 | 1,399 | 653 | 619 | |
207 | 258 | 286 | 775 | 797 | 1,009 | 1,089 | 930 | 1,223 | 590 | 576 | |
Operating Profit | 18 | 29 | 3 | 161 | 175 | 143 | 172 | 119 | 176 | 63 | 44 |
OPM % | 8% | 10% | 1% | 17% | 18% | 12% | 14% | 11% | 13% | 10% | 7% |
15 | 21 | 27 | 1 | -1 | 3 | 2 | 0 | 18 | 8 | 9 | |
Interest | 7 | 14 | 15 | 26 | 25 | 34 | 46 | 41 | 23 | 10 | 8 |
Depreciation | 7 | 8 | 9 | 29 | 32 | 35 | 63 | 67 | 58 | 26 | 27 |
Profit before tax | 19 | 28 | 6 | 107 | 118 | 76 | 64 | 12 | 113 | 36 | 17 |
Tax % | 37% | 37% | 44% | 33% | 33% | 36% | 26% | 30% | 23% | 26% | |
12 | 18 | 3 | 72 | 78 | 49 | 48 | 8 | 86 | 26 | 15 | |
EPS in Rs | 1.27 | 1.90 | 0.35 | 5.96 | 6.52 | 4.06 | 3.97 | 0.69 | 7.19 | 1.91 | 1.19 |
Dividend Payout % | 39% | 26% | 86% | 15% | 14% | 22% | 23% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -8% |
3 Years: | -20% |
TTM: | -45% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -21% |
3 Years: | -21% |
TTM: | -78% |
Stock Price CAGR | |
---|---|
10 Years: | 31% |
5 Years: | 34% |
3 Years: | 83% |
1 Year: | 14% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 19 | 19 | 19 | 24 | 24 | 24 | 24 | 24 | 28 | 28 | 28 |
Reserves | 98 | 107 | 113 | 478 | 548 | 588 | 604 | 614 | 481 | 506 | 519 |
107 | 112 | 113 | 156 | 283 | 357 | 288 | 140 | 49 | 26 | 51 | |
51 | 62 | 63 | 106 | 146 | 147 | 344 | 392 | 174 | 169 | 153 | |
Total Liabilities | 274 | 300 | 308 | 764 | 1,002 | 1,115 | 1,260 | 1,170 | 732 | 729 | 751 |
111 | 118 | 124 | 354 | 357 | 409 | 585 | 568 | 361 | 394 | 389 | |
CWIP | 13 | 18 | 30 | 2 | 25 | 5 | 11 | 8 | 4 | 1 | 5 |
Investments | 6 | 2 | 6 | 1 | 1 | 1 | 1 | 2 | 7 | 12 | 12 |
145 | 163 | 148 | 408 | 619 | 701 | 663 | 592 | 360 | 322 | 345 | |
Total Assets | 274 | 300 | 308 | 764 | 1,002 | 1,115 | 1,260 | 1,170 | 732 | 729 | 751 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
-4 | 29 | 114 | -24 | 35 | 228 | 238 | -4 | 47 | ||
-18 | -19 | -36 | -59 | -67 | -63 | -41 | 55 | -53 | ||
12 | -10 | -82 | 89 | 26 | -157 | -201 | -12 | -32 | ||
Net Cash Flow | -10 | -1 | -5 | 6 | -6 | 8 | -3 | 39 | -39 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2007 | Mar 2008 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 44 | 45 | 39 | 26 | 50 | 49 | 41 | 28 | 15 | 48 |
Inventory Days | 292 | 218 | 180 | 192 | 291 | 240 | 214 | 264 | 70 | 155 |
Days Payable | 57 | 59 | 58 | 29 | 65 | 45 | 50 | 68 | 47 | 91 |
Cash Conversion Cycle | 279 | 204 | 161 | 189 | 275 | 244 | 206 | 224 | 38 | 113 |
Working Capital Days | 179 | 150 | 123 | 120 | 177 | 176 | 134 | 138 | 40 | 96 |
ROCE % | 18% | 9% | 19% | 12% | 12% | 6% | 20% | 8% |
Documents
Announcements
- Related Party Transactions For The Half Year Ended September 30, 2023 6 Nov
-
Copy Of Newspaper Publication
6 Nov - Newspaper Advertisement pertaining to financial results for the quarter and half year ended September 30, 2023
- Results For Quarter And Half Year Ended September 30, 2023 4 Nov
- Board Meeting Outcome for Outcome Of Board Meeting 4 Nov
- Board Meeting Outcome for Outcome Of Board Meeting 4 Nov
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from nse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
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