Mirza International Limit
NSE: MIRZAINT · Leather And Leather Products · sector
₹25.97NSE close 2026-10-26
Key numbers
Market cap₹359 cr
Price₹25.97
52w high / low₹43 / ₹25
P/E–Sector median 18.6x
P/B0.6xSector median 1.3x
Book value₹40.7
Dividend yield0.02%Sector median 0.57%
ROE-4.0%Sector median 1.9%
ROCE-3.4%Sector median 4.9%
OPM1.5%Sector median 6.0%
Debt / equity0.03xSector median 0.25x
EV/EBITDA43.5xSector median 13.9x
Interest cover-3.1x
Current ratio3.81x
Sales growth 3y-6.9%Sector median +2.3%
Profit growth 3y–Sector median -4.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 12 companies in Leather And Leather Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹42 cr vs borrowings ₹15 cr (FY26): cash is higher (net cash).
- Operating profit covered interest -3.1x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 1.62 percentage points in a year, to 72.99% (2026-09-30).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- No dividend in the last 5 financial years.
- Price ₹25.97 on 2026-10-26: -40.0% from the 52-week high, +4.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹44.59 · low ₹25.97
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 201 | 114 | 122 | 142 | 164 | 118 | 103 | 128 |
| EBITDA | 17 | 3 | 6 | 31 | 13 | -1 | -7 | 3 |
| OPM % | 8.4% | 2.7% | 4.6% | 22.0% | 7.7% | -1.1% | -6.6% | 2.4% |
| Other income | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Net profit | 6 | -6 | -4 | 18 | 2 | -7 | -13 | -4 |
| EPS (₹) | 0.43 | -0.41 | -0.32 | 1.29 | 0.16 | -0.53 | -0.96 | -0.29 |
| Revenue YoY | -18.4% | +3.3% | -15.9% | -9.6% | ||||
| Profit YoY | -63.6% | – | – | -122.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,679 | 653 | 630 | 581 | 527 | 514 |
| EBITDA | 235 | 66 | 49 | 36 | 37 | 8 |
| Net profit | 113 | 26 | 12 | -4 | -1 | -22 |
| EPS (₹) | 9.38 | 1.91 | 0.87 | -0.26 | -0.04 | -1.62 |
| Revenue growth | -61.1% | -3.5% | -7.8% | -9.3% | -11.4% | |
| Profit growth | -76.6% | -54.5% | -129.4% | – | -264.8% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -6.9% | -12.9% | -11.4% |
| Net profit | – | – | -264.8% |
| EPS | – | – | – |
| Share price | – | -19.4% (2y) | -31.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 533 | 553 | 564 | 563 |
| Borrowings | – | 26 | 35 | 48 | 15 |
| Cash & equivalents | – | 16 | 19 | 20 | 42 |
| Total assets | – | 760 | 719 | 734 | 692 |
| Fixed assets | – | 361 | 357 | 381 | 356 |
| Capital work in progress | – | 1 | 11 | 2 | 5 |
| Investments | – | 12 | 8 | 9 | 0 |
| Receivables | – | 117 | 79 | 67 | 69 |
| Inventory | – | 161 | 154 | 161 | 144 |
| Payables | – | 94 | 76 | 69 | 61 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 193 | 47 | 50 | 28 | 44 |
| Cash from investing | -81 | -53 | -29 | -29 | 10 |
| Cash from financing | -102 | -32 | -17 | 1 | -41 |
| Capex | 85 | 49 | 34 | 47 | 17 |
| Free cash flow | 108 | -3 | 16 | -18 | 27 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 5.0% | 2.2% | -0.6% | -0.1% |
| ROCE % | – | 8.2% | 4.8% | 1.2% | 1.3% |
| Debtor days | – | 65 | 46 | 42 | 48 |
| Inventory days | – | 155 | 149 | 171 | 164 |
| Payable days | – | 91 | 73 | 73 | 69 |
| Cash conversion cycle (days) | – | 129 | 122 | 140 | 143 |
| Working capital days | – | 91 | 101 | 108 | 152 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 72.99% |
| FIIs | 0.14% |
| DIIs | 0.01% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 26.86% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 71.27% | 71.27% | 71.27% | 71.37% | 72.99% | 72.99% | 72.99% | 72.99% |
| Promoter group | % |
|---|---|
| Tasneef Ahmad Mirza | 23.39% |
| Tauseef Ahmad Mirza | 22.02% |
| Shahid Ahmad Mirza | 12.31% |
| Faraz Mirza | 12.31% |
| Mustafa Mirza | 2.17% |
| Hiba Mirza | 0.36% |
| Sarah Mirza | 0.36% |
| Fauzia Mirza | 0.04% |
| Iram Mirza | 0.02% |
| Haya Mirza | 0.01% |
| Shuja Mirza | 0.00% |
| Nida Mirza | 0.00% |
| Firdaus Amin | 0.00% |
| Yasmin Mirza | 0.00% |
| Farzan Mirza | 0.00% |
74,279 shareholders. Pledged: 0.00% of promoter shares.
Peers in Leather And Leather Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MAYURUNIQ | ₹3,101 cr | 15.0x | 2.7x | 19.8% | 24.5% | 24.6% | +7.6% | 0.70% |
| BIL | ₹1,369 cr | 52.9x | 2.8x | 5.5% | 10.6% | 8.9% | +19.4% | – |
| KOTIC | ₹1,236 cr | 14.4x | 5.3x | -41.8% | -8.3% | -7.1% | +165.0% | – |
| MIRZAINT | ₹359 cr | – | 0.6x | -4.0% | -3.4% | 1.5% | -6.9% | 0.02% |
| SUPERHOUSE | ₹156 cr | 19.5x | 0.3x | 1.7% | 4.8% | 6.6% | -4.0% | 0.57% |
| ARITAS | ₹99 cr | 4.2x | 1.8x | 8.7% | 9.7% | 9.0% | – | – |
| ZENITHEXPO | ₹97 cr | 331.3x | 1.1x | 0.3% | 1.3% | -4.2% | +1.3% | – |
| ANKIN | ₹90 cr | 130.2x | 3.4x | -1.9% | 0.4% | 6.0% | – | – |
| SUPTANERY | ₹79 cr | 11.0x | 0.7x | 6.4% | 7.8% | 8.5% | +3.2% | – |
| AKI | ₹56 cr | 18.6x | 0.6x | 3.6% | 4.9% | -2.3% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Footwear - Domestic & Export Sale | ₹457 cr | 77.7% | ₹8 cr | 1.8% |
| Tannery - Domestic & Export Sale | ₹111 cr | 18.9% | ₹-10 cr | -9.1% |
| Unallocated | ₹20 cr | 3.3% | ₹20 cr | 100.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2023-03-29 | Restructuring | Demerger |
| 2020-02-18 | Dividend | Interim Dividend - Rs 0.90 Per Share |
| 2019-09-09 | Dividend | Annual General Meeting/Dividend - Rs 0.90 Per Share |
| 2018-09-17 | Dividend | Annual General Meeting/Dividend Re 0.90 Per Share |
| 2017-09-20 | Dividend | Dividend - Re 0.90 Per Share |
| 2016-09-21 | Dividend | Dividend - Re 0.50 Per Share |
| 2015-09-21 | Dividend | Annual General Meeting/ Dividend - Re 0.50/- Per Share |
| 2014-09-11 | Dividend | Annual General Meeting/Dividend Re 0.50/- Per Share |
| 2013-09-17 | Dividend | Annual General Meeting / Dividend - Re 0.50/- Per Share |
| 2012-09-17 | Dividend | Annual General Meeting/Dividend Re 0.50 Per Share |
| 2011-08-29 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2010-09-17 | Dividend | Annual General Meeting And Dividend Re.0.40 Per Share |
| 2009-09-16 | Other | Agm/Div-Re.0.20 Per Share |
| 2008-09-15 | Dividend | Agm/Dividend - 15% |
| 2007-09-18 | Dividend | Agm/Dividend-25% |
| 2007-04-24 | Split | Fv Split Rs.10/- To Rs.2/ |
| 2006-09-12 | Dividend | Agm/Dividend-25% |
| 2005-09-20 | Dividend | Agm/Dividend-20% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Leather And Leather Products |
| Sub-industry | Leather And Leather Products |
| Symbol | MIRZAINT |
| BSE code | 526642 |
| ISIN | INE771A01026 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.