1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Footwear & Accessories
Mirza International Limited

Mirza International Limited

MIRZAINT.BO
Mirza International LimitedIN flagBombay Stock Exchange
35.70
INR
-0.27
- -
4.92BMarket Cap
Mirza International Limited
MIRZAINT.BO
(Bombay Stock Exchange)

Recent

price

35.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
52.26
60.03
69.4
76.26
99.06
85.48
72.43
77.26
92.55
101.4
85.32
113.77
43.51
43.1
42.64
36.95
38.49
Revenue per Share
4.23
3.81
4.69
4.68
5.52
7.21
5.96
6.52
4.06
3.97
0.69
7.19
1.91
0.87
-0.26
-0.04
-0.04
Basic EPS, GAAP
-1.01
-0.42
3.1
-0.81
3.86
4.13
6.64
-7.09
-3.03
13.17
15.69
-7.38
-0.48
0.96
-1.35
1.91
- -
Free Cash Flow per Basic Share
0.4
0.51
0.5
0.5
0.5
0.43
0.5
0.9
0.89
1.78
- -
0.01
- -
- -
0.01
0.01
- -
Dividend per Share
11.83
14.62
18.24
21.7
23.52
31.8
32.74
38.51
41.02
42.27
43.18
52.57
36.32
37.16
37.59
1.94
2.02
Book Value per Share
19.26
22.31
27.11
30.91
33.71
41.14
41.51
47.53
50.84
52.19
52.77
41.84
38.08
39.44
41.01
39.06
40.69
Tangible Book Value per Share
93
93
93
93
93
108
120
120
120
120
120
120
138
139
136
143
137
Basic Weighted Avg Shares
4,844
5,565
6,434
7,070
9,183
9,258
8,714
9,295
11,134
12,200
10,265
13,688
6,024
5,980
5,812
5,272
5,272
Sales/Revenue/Turnover
14.72
12.98
14.89
14.06
12.94
15.63
15.18
15.46
9.69
8.91
5.14
8.65
6.22
4.22
0.95
-2.5
-2.62
Operating Margin (%)
130
153
199
220
246
258
291
316
355
634
665
561
256
283
306
311
311
Depreciation Expense
392
353
434
434
512
781
717
784
488
477
83
864
264
121
-35
-6
-6
Net Income, GAAP
31.83
31.52
32.54
36.01
35.01
32.58
32.92
33.45
35.79
25.96
29.76
23.16
26.45
27.29
- -
- -
47.39
Effective Tax Rate (%)
8.09
6.34
6.75
6.13
5.57
8.44
8.23
8.44
4.38
3.91
0.81
6.32
4.39
2.02
-0.61
-0.11
-0.11
Profit Margin (%)
272
287
406
415
516
1,512
1,868
2,315
2,470
2,259
2,736
1,613
1,778
1,753
1,720
2,083
2,083
Working Capital
352
459
504
454
310
277
148
160
216
1,565
1,381
37
261
67
56
134
134
LT Debt
1,786
2,068
2,513
2,866
3,125
4,456
5,020
5,718
6,116
6,279
6,383
5,082
5,334
5,526
5,644
5,628
5,628
Total Equity
17.8
15.16
17
14.44
15.9
17
13.54
12.74
7.65
7.84
3.71
12.34
4.8
3.1
- -
- -
- -
Return on Invested Capital (%)
29.05
21.04
14.31
17.89
19.37
20.94
16.21
14.82
8.95
8.99
4.23
14.12
5.42
3.71
- -
- -
19.75
Return on Capital (%)
61.14
28.8
28.52
23.43
24.41
27.77
19.43
18.3
10.2
9.52
1.62
15.01
4.66
2.37
-0.69
-0.21
-0.21
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
228
- -
15
LT Borrowings
- -
- -
134
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
138
- -
138
Market Capitalization
5,312
5,056
3,436

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,342
- -
2,863
Cash, Cash Equivalents & STI
121
- -
324
Accounts Receivable, Net
1,228
- -
694
Inventories
1,458
- -
1,439
Total Current Liabilities
1,356
- -
780
Payables & Accruals
- -
- -
- -
ST Debt
228
- -
15
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.79%
-1.99%
-0.28%
Free Cash Flow
-172.82%
-205.42%
-248.45%
Net Income, GAAP
47.82%
119.91%
-83.89%
Sales/Revenue/Turnover
-2.12%
-7.09%
-9.29%
Total Cash Common Dividend
- -
-12.31%
-20%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,276
2,087
1,417
1,200
5,980
2025
1,435
2,014
1,144
1,219
5,812
2026
1,421
1,644
1,182
1,026
5,272

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
0.29
0.32
- -
0.87
2025
0.05
0.43
-0.41
-0.32
-0.26
2026
1.29
0.16
-0.53
-0.96
-0.04

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
0.01
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Business
Mirza International Limited operates as a prominent manufacturer, marketer, and exporter of leather footwear and finished leather products, serving both domestic and international markets. The company provides a diverse range of footwear, including formal, casual, and boots, through its distinct brands such as Thomas Crick, Off The Hook London, and Oaktrak. It has established itself as a preferred supplier of leather footwear to leading international brands and is recognized as one of India's largest suppliers of finished leather to overseas markets. In a significant corporate restructuring, the company completed the demerger of its branded business, primarily operating under the Redtape brand, into a separate entity, Redtape Limited, in February 2023. Mirza International Limited maintains a global footprint across 28 countries and six continents, distributing its products through various channels including e-commerce platforms and third-party retailers. The company, incorporated in 1979, is headquartered in Noida, India.