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Mirza International
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Mirza International Limited (MIL), promoted by Irshad Mirza and Rashid A. Mirza in 1979 is one of India's leading manufacturers and exporters of leather footwear, apparels and accessories. The Company is engaged into manufacture of finished leather, shoe uppers, shoes and leather accessories, which tapped the Capital Market in Sep'94.
Incorporated in September, 1979, the Company is also the preferred suppliers of leather footwear to leading international brands and one of the largest suppliers of finished leather to overseas markets. It manufacture and sell processed leather through in-house tannery unit.
The Company has established itself as a high-quality shoes supplier catering to the premium segment of the market. It has supplied shoes to the Hush Puppies division of British Shoe Corporation and to reputed brand names, Oliver Timpson of the Oliver Group, UK; Saxone of Clarks shoes, Australia; etc. In the past it has received two export awards of council for leather export for its outstanding performance and unit value realisation among leather footwear exporters. In 1996-97, it allotted bonus shares in the proportion of 1:1 by capitalisation of share premium account. It commenced sale of footwear under its own brands 'Red Tape' and 'Oakridge'.
Having established a national presence in the country, Red Tape, the flagship brand of Mirza Tanners Ltd, is on an aggressive expansion drive adding new styles and exploring new markets in 2001.
The Company started the production activity at newly set up Shoe Factory at Greater Noida (Unit 6) in 2010-11. During year 2011-12, it disinvested the entire stake in Mirza (UK) Ltd.
As per the Scheme of Amalgamation of Genesisfootwear Enterprises Private Limited (GEPL) with the Company sanctioned by the Hon'ble Allahabad High Court vide its Order dated December 15, 2015, the Scheme became applicable and came into operation from Appointed Date i.e. April 01, 2015. Consequently, all the assets and liabilities of the GEPL were transferred and vested into with the Company.
In 2016-17, the Company acquired entire stake of HI-LIFE FABRICATORS PRIVATE LIMITED by making it Wholly-owned subsidiary. It launched 'Athleisure Sports' range in market using flyknit technology. It launched a new Brand 'BOND STREET' as well.
The Company acquired entire stake of MIRZA (H.K) Limited in Hong Kong and made it the wholly owned subsidiary of Company in 2018.
During FY 2018-19, the total number of retail outlets reached 206. The total number of retail outlets reached nearly 222 in 2019-20. The total number of retail outlets reached to 288 in FY 2020-21. During the year 2020-21, the Company acquired 52% stake in Sen En Mirza Industrial Supply Chain LLP, thereby giving it the status of subsidiary.
During FY 2020-21, Company further increased its product lines by launching new products under REDTAPE brands like travel bags, sliders, handkerchiefs, undergarments, etc.
During the year 2021-22, the Board of Directors of the Company, in its meeting held on December 10, 2021 had approved a Composite Scheme of Arrangement framed which provides for amalgamation of RTS Fashions Pvt Ltd with Mirza International Ltd; and de-merger of Branded Business/ REDTAPE Business of Mirza International Ltd into Redtape Ltd.
Mirza International share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Mirza International indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Mirza International is valued compared to its competitors.
Mirza International PE ratio helps investors understand what is the market value of each stock compared to Mirza International 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Mirza International evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Mirza International generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Mirza International in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Mirza International shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Mirza International compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Mirza International over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Mirza International helps investors get an insight into when they can enter or exit the stock. Key components of Mirza International Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Mirza International shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Mirza International ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Mirza International provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Mirza International highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Mirza International .
The balance sheet presents a snapshot of Mirza International ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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