Mirza International (MIRZAINT) is loss-making over the last 12 months, losing ₹22 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹27.19, 37% below its 52-week high. Sales fell 6.0% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹376 Cr, ranked 10th of 27 Footwear & Accessories companies by market cap; the shares fell 25% over the past year.
- ₹27.89
- ₹27.89
- ₹26.80
- ₹27.56
- 52.5K
Health check
- ReturnsAhead
−25.4% over a year, better than 5 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −6.0% a year over 3 years.
- ProfitabilityWeak
ROCE 1.3% vs peer median 15.5%.
- Balance sheetStretched
Practically debt-free.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹376 Cr
- Small cap
- P/E
- n/a
- Industry 35.5
- Price to book
- 0.67
- Peers 6.00
- Dividend yield
- 0.00%
- ROE
- −0.1%
- Peers 10.9%
- ROCE
- 1.3%
- Peers 15.5%
- Debt to equity
- 0.04
- Debt ₹21 Cr
- EPS (TTM)
- −₹1.62
- Face value ₹2
- OPM (TTM)
- 1.5%
- Net margin −4.4%
- Sales growth
- −9.6%
- Latest quarter vs a year ago
- Profit growth
- −122.9%
- Latest quarter vs a year ago
- Price to sales
- 0.73
- EV/EBITDA 42.5
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
- Promoter stake up from 71.4% to 73.0%.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −0.1%.
- Quarterly profit down 122.9% on a year ago.
- Quarterly sales down 9.6% on a year ago.
- 37% below its 52-week high.
About Mirza International
Mirza International Limited, together with its subsidiaries, manufactures, markets, and sells leather footwear products in India, the United Kingdom, the United States, and internationally. It operates in two segments, Footwear and Tannery. The company offers leather shoes and boots under the Thomas Crick brand name; women's shoes under the Off the Hook brand name; and men's leather footwear under the Oaktrak brand name. It exports its products. The…
- Headquarters
- Noida
- Employees
- 1,288
- Sector
- Consumer Cyclical
- ISIN
- INE771A01026
- Website
- mirza.co.in
Price range
- Avg volume (3M)
- 92.9K
- 1-year return
- minus 25.4%
- From 52-week high
- minus 37.2%
Peers · Footwear & Accessories
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BATAINDIABata India | 638.05 | plus 0.06% | 8,201 | 54.5 | 6.61 | 11.2% | 10.9% | 19.7% | 0.6% | −25.4% | 5.33% | minus 40.2% |
| RELAXORelaxo Footwears | 292.10 | plus 0.21% | 7,271 | 39.2 | 3.29 | – | 8.4% | 9.6% | −0.9% | 5.1% | 1.20% | minus 32.7% |
| SAFARISafari Industries (India) | 1,254.40 | plus 0.39% | 6,146 | 39.7 | 5.14 | 18.6% | 16.2% | 9.6% | 19.1% | 10.3% | 0.32% | minus 40.6% |
| CAMPUSCampus Activewear | 197.99 | minus 1.03% | 6,052 | 39.3 | 6.67 | 20.7% | 18.1% | 45.0% | 6.1% | 8.6% | 0.76% | minus 27.5% |
| REDTAPERedtape | 106.57 | minus 0.91% | 5,891 | 23.2 | 6.00 | 29.5% | 26.6% | 15.1% | 18.3% | 19.2% | 1.88% | minus 21.5% |
| VIPINDVIP Industries | 239.55 | minus 4.31% | 3,403 | – | 16.30 | −50.6% | −74.6% | −14.7% | −3.8% | – | 0.00% | minus 38.4% |
| BILBhartiya International | 1,071.00 | minus 2.74% | 1,436 | 55.8 | 2.91 | 12.4% | 2.9% | 8.9% | 18.9% | −40.1% | 0.00% | plus 29.5% |
| MIRZAINTMirza International | 27.19 | minus 1.34% | 376 | – | 0.67 | – | −4.0% | −3.3% | −6.0% | – | 0.00% | minus 25.4% |
| Median of 7 peers | – | −0.91% | 6,052 | 39.5 | 6.00 | 15.5% | 10.9% | 9.6% | 6.1% | 6.9% | 0.76% | −32.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 142 | 164 | 118 | 103 | 128 | |
| 129 | 152 | 120 | 109 | 125 | |
| 12.9 | 12.7 | −1.3 | −6.8 | 3 | |
| 9.1% | 7.7% | −1.1% | −6.6% | 2.4% | |
| 0.3 | 0.6 | 0.9 | 0.9 | 0.6 | |
| 2.3 | 2.3 | 1.9 | 1.3 | 0.8 | |
| 8 | 7.9 | 7.7 | 7.5 | 7.3 | |
| 18.6 | – | – | – | – | |
| 21.5 | 3.1 | −9.9 | −14.7 | −4.4 | |
| 17.2% | 30.2% | 26.4% | 10.2% | 8.3% | |
| 17.8 | 2.1 | −7.3 | −13.2 | −4.1 | |
| 1.29 | 0.16 | -0.53 | -0.96 | -0.29 |
Profit & loss
- Sales CAGR 3Y
- −6.0%
- ROE
- −0.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 602 | 598 | 548 | 500 | |
| – | minus 0.7% | minus 8.4% | minus 8.8% | |
| 539 | 544 | 510 | 475 | |
| 63.1 | 53.6 | 37.7 | 24.8 | |
| 10.5% | 9.0% | 6.9% | 5.0% | |
| 4.8 | 7.8 | 1.3 | 1.9 | |
| 9.8 | 11.8 | 10.6 | 7.8 | |
| 25.6 | 28.3 | 30.6 | 31.1 | |
| 3.4 | −4.6 | −1.3 | 12.1 | |
| 36 | 16.6 | −3.6 | −0.1 | |
| 26.5% | 27.3% | 7.3% | −714.3% | |
| 26.4 | 12.1 | −3.3 | −0.6 | |
| – | minus 54.3% | minus 127.3% | – | |
| 1.91 | 0.87 | -0.24 | -0.04 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 27.6 | 27.6 | 27.6 | 27.6 | |
| 506 | 525 | 537 | 535 | |
| 54.3 | 42.1 | 53.8 | 20.9 | |
| 142 | 124 | 116 | 108 | |
| 729 | 719 | 734 | 692 | |
| 394 | 397 | 412 | 388 | |
| 0.6 | 11.4 | 2.5 | 4.6 | |
| 6.9 | 8.1 | 8.5 | 9.1 | |
| 15.6 | 19 | 16.9 | 10 | |
| 312 | 283 | 294 | 279 | |
| 729 | 719 | 734 | 692 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 47.3 | 50.2 | 28.2 | 44 | |
| −53.5 | −25.1 | −28.9 | 9.7 | |
| −32.8 | −21.7 | 1.3 | −41.1 | |
| −38.9 | 3.4 | 0.6 | 12.6 | |
| −54 | −36.9 | −46.6 | −16.7 | |
| −6.6 | 13.3 | −18.4 | 27.2 | |
| −0.1 | −0.1 | −0.1 | −0.1 |
Shareholding pattern
- Promoters72.99%
- Public27.01%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.99% | 27.01% | 0.00 | |
| 30 Jun 2026 | 72.99% | 27.01% | 0.00 | |
| 31 Mar 2026 | 72.99% | 27.01% | 0.00 | |
| 31 Dec 2025 | 72.99% | 27.01% | plus 1.62 | |
| 30 Sep 2025 | 71.37% | 28.63% | – |
Major shareholders
Filings & events
News
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