Mirza International
- Market cap
- ₹ 359 Cr.
- P/E
- 180.7x
- P/B
- 0.65x
- 52-week range
- 24.95 – 43.3
- ROE
- −4%
- ROCE
- −2%
- Dividend yield
- 0%
- Debt / equity
- 0.03
- Sector
- Consumer Durables
- Industry
- Leather And Leather Products
- Listed on
- NSE, BSE
About
Mirza International Limited is an India-based leather footwear manufacturer, marketer, and exporter. The Company’s segments include the Export Division and the Domestic Division. The Export Division and the Domestic Division is engaged in the manufacturing of finished footwear, leather, and other items. Its portfolio of brands includes Thomas Crick, Off The Hook London, and Oaktrak. It is also the supplier of leather footwear to international brands and an Indian supplier of finished leather to overseas markets. With a focus on experiential retail and in-house marketing expertise, the Company delivers leather footwear and markets its lifestyle brands worldwide. Its brands are also available at third party stores and at various online platforms. Oaktrak features specially crafted fine-leather shoes that cater to a niche consumer base of senior professionals and upwardly mobile executives. The Company’s global presence extends across 28 countries and six continents.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Leather And Leather Products: 13 companies →Mirza International against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)180.7 against a typical 36.7: pricier than most peers (1st = cheapest).10th of 12
- Sales growth−12.6% against a typical +11% from a year earlier.8th of 10
- Profit growth−125.5% against a typical +28.6% from a year earlier.6th of 7
- Share price, 3 months−24.3% against a typical −8.5%.9th of 12
- Size₹ 358.9 Cr. market value against a typical ₹ 87.1 Cr. (1st = largest).4th of 12
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BBB+ by 2 agencies- ICRA lowered its rating on 15 Jul 2026.
- CRISIL expects things to get worse (negative outlook).
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]BBB+ | Stable | 15 Jul 2026 |
| CRISIL | Crisil BBB+ | Negative | 8 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 15 Jul 2026 | ▼ Downgrade | [ICRA]BBB+ | — | ICRA | ₹ 205 Cr. | |
| 8 Apr 2026 | ▼ Downgrade | Crisil BBB+ | — | CRISIL | ₹ 215 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 6 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 25 Apr 2026 | Other business matters | To Consider and take in-principle decision in relation to a proposed restructuring of the Company's business through a Scheme of Arrangement |
| 7 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 8 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 2 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 199 | 137 | 143 | 137 | 198 | 114 | 120 | 141 | 170 | 107 | 98 | 124 |
| Expenses | 184 | 123 | 133 | 127 | 184 | 113 | 112 | 129 | 155 | 109 | 103 | 121 |
| Operating Profit | 15 | 14 | 10 | 11 | 14 | 1 | 9 | 13 | 15 | −2 | −5 | 3 |
| OPM % | 7.3% | 10.2% | 7% | 7.8% | 7.1% | 0.7% | 7.2% | 8.9% | 8.6% | −1.7% | −5.4% | 2.1% |
| Other Income | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 19 | 0 | 0 | 1 | 0 |
| Interest | 2 | 2 | 2 | 1 | 3 | 3 | 2 | 2 | 2 | 1 | 1 | 1 |
| Depreciation | 6 | 7 | 8 | 8 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 7 |
| Profit before tax | 9 | 6 | 1 | 2 | 5 | −10 | −1 | 21 | 5 | −10 | −13 | −5 |
| Tax % | 30.2% | 22.9% | 39.3% | 25.3% | 32.2% | −22.9% | −49% | 17.3% | 18.9% | −25.1% | −11.4% | −7.6% |
| Net Profit | 6 | 5 | 1 | 1 | 3 | −7 | −1 | 18 | 4 | −8 | −12 | −5 |
| EPS in Rs | 0.44 | 0.35 | 0.05 | 0.1 | 0.23 | −0.53 | −0.04 | 1.28 | 0.29 | −0.57 | −0.85 | −0.33 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −6%
- 5 Years
- −13%
- 3 Years
- −6%
- TTM
- −13%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- −732%
- 10 Years
- 11%
- 5 Years
- 34%
- 3 Years
- −13%
- TTM
- —
- 10 Years
- 7%
- 5 Years
- 4%
- 3 Years
- −1%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Mirza International | ₹ 26.60 | ₹ 359 Cr. | 180.7x | 0.7x | −4% | — |
| Campus Activewear | ₹ 186.90 | ₹ 5,713 Cr. | 48.1x | 8x | 18.1% | 8.5% |
| Sreeleathers | ₹ 263.90 | ₹ 611 Cr. | 17.1x | 1x | 6% | 11.6% |
| Liberty Shoes | ₹ 184.90 | ₹ 315 Cr. | 42.3x | 2x | 4.9% | 1.5% |
| Lehar Footwears | ₹ 180.00 | ₹ 318 Cr. | 21.3x | 3.4x | 17% | 4.8% |
| KSR Footwear | ₹ 32.93 | ₹ 61 Cr. | — | 0.8x | — | −6.4% |
Management
- Anil Kumar Mahipal
- Chief Financial Officer
- Harshita Nagar
- Compliance Officer, Company Secretary
- Hiba Mirza
- Vice President - Marketing
- Mustafa Mirza
- Vice President - Marketing
- Hartesh Batla
- Vice President - Factory Head
- Tauseef Ahmad Mirza
- Managing Director, Executive Director
- Saquib Ahmad Khan
- Deputy General Manager - Information Technology
- Gaurav Rana
- Deputy General Manager - Human Resources
Prices are delayed and for information only. Nothing on this page is investment advice.