Mirza International Ltd.
Snapshot View

62.50 -0.40 ▼-0.6%

04 August 2021, 04:01:41 P.M.
Volume: 1,526,343

Overview View Details

Sector Retailing Compare with Sector peers
Industry Footwear Compare with Industry peers
Website http://www.mirza.co.in
Financial Indicators
Market Cap 756.12 Cr.
Earnings per share (EPS) 0.69 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 90.73 Trailing Twelve Months Ending 2021-03
Industry PE 90.58 Trailing Twelve Months Ending 2021-03
Book Value / Share 53.06 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.18 Calculated using Price: 62.85
Dividend Yield 1.43 Period Ending 2020-03
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
-0.64%
1 Week
+0.97%
1 Month
+16.50%
3 Month
+37.36%
6 Month
+19.62%
1 Year
+29.00%
2 Year
+9.08%
5 Year
-29.50%
9 years 2003-03 2004-03 2005-03 2006-03 2007-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 18.38 19.74 28.43 10.67 14.48 22.63 14.61 8.25 7.70
Return on Capital Employed (%) 18.68 19.52 29.47 12.66 18.14 29.43 18.87 12.10 11.68
Return on Assets (%) 8.06 8.97 12.64 4.56 6.11 13.38 8.88 4.61 4.02

Balance Sheet View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 502 572 612 628
Non Curr. Liab. 48 52 64 210
Curr. Liab. 215 377 439 422
Minority Int.
Equity & Liab. 764 1,002 1,115 1,260
Non Curr. Assets 363 393 429 612
Curr. Assets 402 609 686 648
Misc. Exp. not W/O
Total Assets 764 1,002 1,115 1,260

Profit Loss View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 936 972 1,152 1,261
Other Income 1 0 3 2
Total Income 937 973 1,154 1,263
Total Expenditure -775 -798 -1,009 -1,089
PBIDT 162 174 146 173
Interest -26 -25 -34 -46
Depreciation -29 -32 -35 -63
Taxation -35 -39 -27 -17
Exceptional Items
PAT 72 78 49 48

Cash Flow View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 114 -24 35 228
Cash Fr. Inv. -36 -59 -67 -63
Cash Fr. Finan. -82 89 26 -157
Net Change -5 6 -6 8
Cash & Cash Eqvt 7 13 7 16

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 70.19 70.19 70.19 70.42 70.45 70.45 70.29 67.66 67.66
Public 29.81 29.81 29.81 29.58 29.55 29.55 29.71 32.34 32.34
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

Fri, 30 Jul 2021
Copy of Newspaper Publication
Mirza International Limited has informed the Exchange about Copy of Newspaper PublicationPursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the following documents regarding intimation for transfer of Equity Shares of the Company, registered in the name of Shareholders, to the demat account of Investor Education and Protection Fund Authority in accordance with the provisions of Section 124 of the Companies Act, 2013 read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016:1. Copies of Newspaper Advertisement published in the Business Standard (English and Hindi) on 30th July, 2021.2. Sample of the letter sent, individually, to the concerned Shareholders through registered post.You are requested to take this information on records.
Thu, 29 Jul 2021
Financial Results Updates
With reference to the captioned subject, we would like to inform you that the Board of Directors in its meeting held on 27th July, 2021 has, inter alia, approved the following items: a) Audited Financial Results including Segment wise Revenue, Results, Assets and Liabilities for the fourth quarter and year ended 31st March, 2021 along with Statement of Assets and Liabilities and Cash Flow Statement of the Company for the year ended 31st March, 2021, duly recommended by the Audit Committee in its meeting held on 26th July, 2021, pursuant to Regulations 30 and 33 of the Listing Regulations and the same is attached herewith. b) Auditors Report on Financial Results of the Company for the quarter and year ended 31st March, 2021 issued by M/s. DRA and Co., Chartered Accountants and the same is attached herewith. c) Declaration on Auditors Report with unmodified opinion under Regulation 33(3)(d) of the Listing Regulations with respect to Audited Financial Results for the quarter and year ended 31st March, 2021 and the same is attached herewith.The meeting of Board of Directors commenced at 12:30 pm and concluded at 06:55 pm. This is for your reference and record.
Wed, 28 Jul 2021
Financial Result Updates
Mirza International Limited has submitted to the Exchange, the financial results for the period ended March 31, 2021.

Technical Scans View Details

Tue, 03 Aug 2021
Close Within 52 Week High Zone Close Within 52 Week High Zone
Bullish Harami Cross Bullish Harami Cross
Mon, 02 Aug 2021
Close Crossing Last Month Close from Above Close Crossing Last Month Close from Above
Closing Below Previous Low Closing Below Previous Low
Making Higher Highs for 3 days Making Higher Highs for 3 days

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