Mirza International Ltd.
Snapshot View

181.35 -2.70 ▼-1.5%

25 May 2022, 04:01:00 PM
Volume: 137,665

Overview View Details

Sector Retailing Compare with Sector peers
Industry Footwear Compare with Industry peers
Website http://www.mirza.co.in
Market Cap 2,154.08 Cr.
Enterprise Value(EV) 2,281.71 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 7.57 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 23.94 Trailing Twelve Months Ending 2021-12
Industry PE 118.13 Trailing Twelve Months Ending 2021-12
Book Value / Share 60.14 Trailing Twelve Months Ending 2021-12
Price to Book Value 3.02 Calculated using Price: 181.35
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 12.03 Cr. 120,306,000 Shares
FaceValue 2
Company Profile

Mirza International Limited was incorporated on September 5, 1979 with a small tannery for manufacturing finished leather at Magarwara near Kanpur. The company, established by Irshad Mirza and Rashid Mirza, was then called ‘Mirza Tanners Private Limited’.

The company focused on supplying high quality leather and leather products to the overseas markets and gradually became one of the largest exporters of finished leather in the country.

During this phase, Mirza took a significant leap, by venturing into newer areas which were extensions of its existing competencies. The global shoe market was then looking upon outsourcing of leather footwear in a big way. To take advantage of this opportunity, Mirza diversified into manufacturing of shoes. Very swiftly, four state-of-the-art manufacturing units were setup at Unnao and Noida.

Having gained a foothold in the footwear business, Mirza quickly reorganized itself by setting up in-house design and development studios, marketing offices and a strong distribution and logistics network. After successfully reorganizing itself, Mirza moved a step ahead of others by launching its own brands ‘Red Tape’ and ‘Oaktrak’.

Having firmly established its product line and market geographies, the company spread its wings to several other countries through its marketing companies and networking associates. Some of countries where Mirza has a significant presence are UK, Portugal, South Africa, USA, Germany, France, Scandinavian countries and UAE. 80% of company’s sales being contributed by overseas sales to 24 countries.

Today, the company has emerged as a frontrunner in the manufacturing and marketing of leather and leather footwear. The company is listed on the NSE, BSE and UP Stock exchanges and is ISO 9001, 9002 and 14000 certified.

The company has four fully integrated in-house shoe production facilities with an installed production capacity of 3.35 mn pairs of shoes per annum. The manufacturing plants are located at Magarwara and Sahjani in Unnao, and in Noida. The tannery is located at Magarwara in Unnao. These facilities are backed by a state-of-the-art double density direct injection polyurethane plant, a tannery with a capacity of 20 million sq ft per annum & its own effluent treatment plant and 25 dedicated ancillary units. Shoes are produced at these facilities using latest methods like Stuck on, Double Density Direct Injection & Moccassins

The company sources its cowhides from Europe and manufactures leather in stringent adherence to international norms, ensuring that no banned chemicals are used in the production process.

In addition to direct sales to leading global footwear retailers, the company also has a strong presence in the branded segment through three brands: Red Tape, Oak Trak, Red Tape Gal.

Mirza International Limited’s focus on design is a key differentiator for its shoes. The company invests considerable resources on research and development on an ongoing basis, in order to introduce new designs, styles and product lines into the market.

Product range of the company include:

Red Tape- The flagship brand of Mirza International Limited, was launched in the year 1996. The brand has today become synonymous with hi-fashion & lifestyle, owing to its unmatched quality, skilled craftsmanship and trendy products. Endorsed by the style icon Salman Khan, Red Tape has become India’s most loved premium lifestyle brand.

Red Tape Gal- It is a stylish footwear range for women that bring in a fresh, energetic and youthful appeal through its trendy designs. Introduced in March 2007, the brand is Mirza International Limited’s first step towards tapping the immense opportunity available in the women footwear segment. The range is available in a variety of styles and shapes and has already become a preferred brand of the Indian women. It is endorsed by the critically acclaimed actress Kangana Ranaut.

Oaktrak- It is a niche brand of formal footwear, designed exclusively for the upwardly mobile executives and businessmen. The range is both casual and urban, with the emphasis on comfort with style. Oaktrak is sold through independents, small retailers and multiples.  Primary markets for the brand are UK and South Africa

Subsidiary

MTL Trading (Pty) Ltd., South Africa is the only subsidiary of the company.

Awards/Achievements

  • 2009 - Award for Oustanding Export Performance From Government of U.P.
  • 2007: Shopper’s Stop Pinnacle Awarded by best brand- footwear
  • 2007: BVMSR-III Consumer Award in fashion and specialty shoes.
  • 2007: Export award for overall Export & Plaque (first prize) for footwear export by council of Leather Exports.
  • 2006: Dun & Bradstreet American Express Corporate Award
  • 2005: Excellence Award for Innovative Export Marketing by Merchant’s Chamber U.P.
  • 2004: Certificate of merit by National Praductivity Council
  • 2004: IFCOMA Excellence Award for greatest contribution towards Indian Footwear Industry.
  • 1999: Samman/Award by Central Excise & Customs, Govt. of India
  • 1998: Best export performance in Finished Leather by council of leather export

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.47%
1 Week
-3.61%
1 Month
-16.39%
3 Month
+22.74%
6 Month
+96.37%
1 Year
+234.29%
2 Year
+384.89%
5 Year
+22.00%
10 Year
+890.98%
9 years 2004-03 2005-03 2006-03 2007-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 19.74 28.43 10.67 14.48 22.63 14.61 8.25 7.70 1.32
Return on Capital Employed (%) 19.52 29.47 12.66 18.14 29.43 18.87 12.10 11.68 6.25
Return on Assets (%) 8.97 12.64 4.56 6.11 13.38 8.88 4.61 4.02 0.69

Balance Sheet View Details

Particulars 6 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 502 572 612 628 638 680
Non Curr. Liab. 48 52 64 210 226 249
Curr. Liab. 215 377 439 423 306 357
Minority Int. 0 0
Equity & Liab. 764 1,002 1,115 1,260 1,170 1,285
Non Curr. Assets 363 393 429 612 591 604
Curr. Assets 402 609 686 648 580 681
Misc. Exp. not W/O
Total Assets 764 1,002 1,115 1,260 1,170 1,285

Profit Loss View Details

Particulars 6 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 936 972 1,152 1,261 1,049 1,547
Other Income 1 0 3 2 1 17
Total Income 937 973 1,154 1,263 1,050 1,564
Total Expenditure -775 -798 -1,009 -1,089 -931 -1,342
PBIDT 162 174 146 173 119 222
Interest -26 -25 -34 -46 -41 -28
Depreciation -29 -32 -35 -63 -67 -70
Taxation -35 -39 -27 -17 -4 -33
Exceptional Items
PAT 72 78 49 48 8 91
Minority Interest 0
Share Associate 0
Other Related Items
Consolidated Net Profit 72 78 49 48 8 91
Adjusted EPS 6 7 4 4 1 8

Cash Flow View Details

Particulars 5 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 114 -24 35 228 238
Cash Fr. Inv. -36 -59 -67 -63 -41
Cash Fr. Finan. -82 89 26 -157 -201
Net Change -5 6 -6 8 -3
Cash & Cash Eqvt 7 13 7 16 12

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 70.42 70.45 70.45 70.29 67.66 67.66 67.79 67.91 67.91
Public 29.58 29.55 29.55 29.71 32.34 32.34 32.21 32.09 32.09
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 24 May 2022
Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulation 2015
MIRZA INTERNATIONAL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2022 inter alia to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 notice is hereby given that 1st meeting for the Financial Year 2022-23 of the Board of Directors of the Company will be held on Monday the 30th day of May 2022 at the Corporate Office of the Company at A-7 Mohan Cooperative Industrial Estate Mathura Road New Delhi-110044 for considering inter-alia the following matters:1. To consider and approve the Audited Financial Results together with segment wise Revenue Results and Capital Employed for the quarter and year ended on 31st March 2022 along with Statement of Assets and Liabilities and Cash Flow Statement for the year ended on 31st March 2022. 2. Other usual routine matters including any other matter brought before the Board with the kind consent of the Chairman.You are requested to take this information on record.
Sat, 21 May 2022
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
With reference to the application filed under Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for the proposed Composite Scheme of Arrangement of RTS Fashions Private Limited Mirza International Limited and REDTAPE Limited with BSE Limited and National Stock Exchange of India Limited dated 7th January 2022 and 8th January 2022 respectively we would like to inform you that the Company has received the No Objection Letter from National Stock Exchange of India Limited approving the aforesaid scheme vide letter dated 20th May 2022.The aforesaid letter is enclosed herewith for your information and records.
Sat, 21 May 2022
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
This is with reference to the observation letters issued by BSE Limited (BSE) and National Stock Exchange of India Limited (NSE). The Company is advised to provide the additional documents / information submitted by the Company after filing of the scheme with the stock exchanges and from the date of receipt of the observation letters from BSE and NSE i.e. 17th May 2022 and 20th May 2022 to be disseminated on the website of the Company and the Stock Exchanges. Accordingly we are hereby submitting the documents and information submitted to the stock exchanges from time to time during the process of getting no objection as per the applicable SEBI Regulations.This is for the purpose of dissemination of the aforesaid documents and information at the stock exchanges platform as per the observations/ directions issued by the Stock Exchanges/ SEBI. A copy of these documents is also uploaded on the website of our Company at www.mirza.co.in.

Technical Scans View Details

Wed, 25 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
High Decrease 1 Month High Decrease 1 Month
High Increase 3 Months High Increase 3 Months

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