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

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Mirza International Ltd.

10 Nov 2017

41.24

-3.06%

Mirza Intl

Buy: Mirza International Ltd.

Centrum Broking

We maintain our BUY rating on Mirza International with a TP of Rs205 (23x FY19E EPS). We believe management's plan to enter into the women footwear segment will be value accretive in medium term and mitigate the decline from the export markets. Growth in the domestic market continues to be healthy at 76% YoY. Online sales have started to contribute substantially and hence management has started a store with online pricing and plans to further expand the same. Operating margins will continue to expand with the growth in domestic business as they have higher gross margins....

Mirza International Ltd. has gained 32.22% in the last 3 Months

Mirza International Ltd.

23 Aug 2017, 12:00AM

41.24

-3.06%

Result Update - Mirza International

Hold: Mirza International Ltd.

Axis Direct

Mirza Intl. reported revenues of Rs 252 cr (flat on annual comparison & 23%QoQ), an EBIDTA of Rs 44 cr (flat on annual comparison and 10% sequential basis) and PAT of Rs 20.1 cr (up 1% (YoY) and ?14% QoQ) in Q4FY17.

Mirza International Ltd. has gained 23.29% in the last 1 Week

Mirza International Ltd.

15 Jun 2017

41.24

-3.06%

Mirza International Ltd: Dismal Results on the Back of Lower... (Jun 15, 2017)

Buy: Mirza International Ltd.

Target

Karvy

Mirza International revenue for Q4FY17 came in at Rs. 2059 Mn, registering 0.01% YoY increase, while decreased by 9.7% QoQ. EBITDA for the quarter fell by 25.3% YoY to Rs. 400 Mn with a corresponding margin contraction of 658 bps on the back of increased other expenditure standing at Rs. 548 Mn for the quarter increasing by 26.6% QoQ and 1.3% YoY and UK, RoW (Rest of the World) Exports decreased by 3% & 19%. EBITDA margin for the quarter stood at 19.4%. The PAT for the Q4FY17 came in at Rs.177 Mn, YoY decline of 39.1% and increased by 2.8% QoQ.

Mirza International Ltd. high volume past week with price gain of 23.29.

Mirza International Ltd.

12 Jun 2017

41.24

-3.06%

Result Update:Mirza Internatio

Hold: Mirza International Ltd.

Recommendation Target

Axis Direct

Having successfully restructured its business by amalgamation of promoter owned Genesis Footwear, MIL is now eyeing to enhance its product portfolio and position itself as a brand by concentrating on increasing its reach in the domestic market.

Mirza International Ltd. has gained 23.29% in the last 1 Week

Mirza International Ltd.

29 Mar 2017

41.24

-3.06%

Pick of the Week:27 MAR 2017

Buy: Mirza International Ltd.

Recommendation Target

Axis Direct

Mirza International: The company is looking to make a foray in sports wear segment by making test launch using imports from China under Redtape brand.The company plans to export the sports shoe in future under the Redtape brand.

Mirza International Ltd. high volume past week with price gain of 23.29.

Mirza International Ltd.

20 Feb 2017

41.24

-3.06%

Result Update:Mirza Internatio

Hold: Mirza International Ltd.

Recommendation Target

Axis Direct

Mirza Intl. reported revenues of Rs 228cr (?6% YoY & ?9%QoQ) primarily driven by ~13% rise in shoe segment revenue with the launch of new brand Bond Street at a price bracket slightly lower (Rs 1500-2000/-) than Red Tape. The company reported an annual expansion of ~159 bps in EBIDTA margins ..

Mirza International Ltd. high volume past week with price gain of 23.29.

Mirza International Ltd.

01 Feb 2017

41.24

-3.06%

Result Updates

Buy: Mirza International Ltd.

Angel Broking

For 3QFY2017, Mirza International (MIL) posted results which were below our estimates on both, the top-line and the bottom-line fronts. Revenues de-grew by ~6% yoy, lower than our estimate. However, on the operating front, the company reported margin improvement on the back of lower raw material cost, which therefore, lead to double digit..

Mirza International Ltd. has gained 32.22% in the last 3 Months

Mirza International Ltd.

06 Dec 2016

41.24

-3.06%

Initiating Coverage:Mirza Internatio

Buy: Mirza International Ltd.

Axis Direct

Mirza Intl. is a leading leather footwear producer with nearly 40 years of experience in producing and exporting to 30 different nations spread over 5 continents. Improving economic conditions of the target export market to benefit.; Recent amalgamation of Genesis Footwear to add value. We estimate ..

Mirza International Ltd. has gained 32.22% in the last 3 Months

Mirza International Ltd.

28 Nov 2016

41.24

-3.06%

Mirza International Ltd: While Overseas Markets Led to De-gr... (Nov 28, 2016)

Buy: Mirza International Ltd.

Karvy

While Overseas Markets Led to De-growth, Increased Focuson Domestic Market Going Forward: Decline in US markets and other major marklets led to degrowth - Mirza International registered degrowth by ~ 2.0% (YoY)/~ 0.7% (QoQ) in Q2FY17 with a decline in revenue numbers and absolute EBITDA numbers on YoY as well as QoQ basis.