Mirza International Ltd. News and Updates

Name: Latest research reports of Mirza International Ltd. authored by Centrum Broking and published by - Trendlyne research reports.
Item: Mirza International Ltd.
Rating: 5
Author: Centrum Broking

Keep track of all breaking news on Mirza International Ltd. from all sources in a single place.

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Mirza International Ltd.

09 Aug 2018

32.33

5.00%

Mirza Intl

Buy: Mirza International Ltd.

Target

Centrum Broking

We maintain our BUY rating on Mirza International with revised TP of Rs162. We believe the growth momentum in the domestic business would get better on the back of increasing focus on the newly launched Bond Street & sports/canvas shoes. Further online EBO channel is garnering strong traction wherein the management has plans to aggressively open new stores. Entry in the women's footwear through Mode' brand would help the company in garnering incremental sales while the garmenting business continues to grow at healthy...

Mirza International Ltd. is trading at high volume of 1.6M with price gain of 5.00.

Mirza International Ltd.

05 Jun 2018

32.33

5.00%

INVESTMENT NOTE : MIRZA INTERNATIONAL LIMITED

Buy: Mirza International Ltd.

Choice India

Mirza International Limited (MIL) is India's leading manufacturer and marketer of leather footwear and finished leather. With an established footprint that spans across 30 countries, as well as a rock solid infrastructure. Apart from supplying products to global retailers, It also has global in-house brands - Red Tape and Oaktrak - in its portfolio. Recently the company acquired brand Yezdi to increase its product offerings. It has also launched two new sub-brands of REDTAPE: Bond Street and Red tape Athleisure Sports range based on the years of experience as well as insight....

Mirza International Ltd.'s price crossed above 100Day SMA today

Mirza International Ltd.

31 May 2018

32.33

5.00%

Mirza Intl

Buy: Mirza International Ltd.

Target

Centrum Broking

Levers in place to achieve Rs6bn domestic sales guidance We maintain our BUY rating on Mirza International with a TP of Rs205 (20x FY20E EPS). While management has achieved its FY18E guidance of Rs4bn domestic sales, they have further guided for Rs6bn sales for FY19E on the back of new product launches and entry into women footwear. They believe the 100 online-offline large format stores have the potential to generate Rs30mn sales each which would offer them significant upside. Further sports shoes and Bond Street have contributed 30% to the domestic footwear sales which would further grow in FY19 as they launch new...

Mirza International Ltd. is trading above its 100 day SMA of 30.9

Mirza International Ltd.

09 Feb 2018

32.33

5.00%

Result Update:Mirza Internatio

Buy: Mirza International Ltd.

Recommendation Target

Axis Direct

Mirza Intl. reported an average quarter with revenues of Rs 254 cr (?11% (YoY) & ?6%QoQ), an EBIDTA of Rs 46 cr (?16% (YoY) and ?9% on sequential basis) and PAT of Rs 20.9 cr (?22% (YoY), ?8% QoQ) in Q3FY18.

Mirza International Ltd. has lost -25.68% in the last 1 Year

Mirza International Ltd.

05 Feb 2018

32.33

5.00%

MIRZA INTERNATIONAL

Buy: Mirza International Ltd.

Rudra Shares and Stock Brokers Ltd

In order to retain the leadership position that company have in overseas markets & to grow further in India, MIL made some significant moves in the past year. Going forward, company is in focus for accelerating growth for the REDTAPE Brand in high-traction markets i.e. US, India and UK. REDTAPE will be made available in more retail stores through tie-up with five US retail giants & in...

Mirza International Ltd. is trading below its 150 day SMA of 33.0

Mirza International Ltd.

05 Feb 2018

32.33

5.00%

MIRZA INTERNATIONAL ..

Buy: Mirza International Ltd.

Rudra Shares and Stock Brokers Ltd

Mirza International Ltd. is trading at high volume of 1.6M with price gain of 5.00.

Mirza International Ltd.

05 Feb 2018

32.33

5.00%

Mirza Intl

Buy: Mirza International Ltd.

Target

Centrum Broking

We maintain our BUY rating on Mirza International with a TP of Rs215 (20x FY20E EPS). Growth in domestic revenue continues to be strong double digit on the back of traction in sports shoes and lower price point Bond Street. Management plans to focus on North India market for sports shoes and also on online-offline stores which they plan to scale to 70-100 store over next 1 year. Entry in the women footwear segment is a logical extension which would bear fruits over next 2 years as the management is targeting to sell 0.5mn pairs. Further they have received upholstery orders from China which would boost tannery sales which has been declining. While...

Mirza International Ltd.'s price crossed above 30Day SMA today

Mirza International Ltd.

05 Feb 2018

32.33

5.00%

Mirza Intl

Buy: Mirza International Ltd.

Target

Centrum Broking

Mirza International Ltd. is trading at high volume of 1.6M with price gain of 5.00.

Mirza International Ltd.

15 Nov 2017

32.33

5.00%

Mirza International Ltd: Improved Margins; Growth is on trac... (Nov 15, 2017)

Buy: Mirza International Ltd.

Target

Karvy

Improved Margins; Growth is on track with Online Sales contributing Significantly: Mirza International revenue for Q2FY18 came in at Rs. 2404 Mn, registering 4.7% QoQ decrease, and by 4.0 % YoY. EBITDA for the quarter increased by 12.2% YoY and decreased by 3.9% QoQ to Rs. 424 Mn with a corresponding margin expansion of 254 bps YoY on the back of increased Indian Branded Footwear (RedTape) Sales at Rs. 1700 Mn for H1FY18 increasing by 95% YoY and further aided by favourable changes in inventories. UK, US, RoW (Rest of the World) sold 90 Mn, 25 Mn and 5 Mn pairs.

Mirza International Ltd. is trading above its 100 day SMA of 30.9

Mirza International Ltd.

13 Nov 2017

32.33

5.00%

Mirza International Limited

Business Line

The board of directors of Mirza International has approved the re-classification of Maria Khan, Wasia Urooj Khan and Sabiha Hussain from the promoter & promoter group category to public category.

Mirza International Ltd.'s price crossed above 100Day SMA today

Is Mirza International Ltd. worth buying?

371 Votes:

Buy 81.94%

Sell 8.63%

Hold 9.43%

34.95% Fall from 52W High

High volume+gain today

Mirza International Ltd. News and Updates

Keep track of all breaking news on Mirza International Ltd. from all sources in a single place.