NSE: MIRZAINT | BSE: 526642

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33.60 -0.74 (-2.15%)

29.99% Fall from 52W High

244.8K NSE+BSE Volume

NSE 05 Sep, 2025 3:31 PM (IST)

464.4

Market Cap

Below industry Median

1.0

Beta 1Year

Average volatility

Mirza International Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for MIRZAINT, BSE:526642 Mirza International Ltd.

Mirza International Ltd.

05 Feb 2018

33.60

-2.15%

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. is trading above all available SMAs

Mirza International Ltd.

05 Feb 2018

33.60

-2.15%

Mirza Intl

Buy: Mirza International Ltd.

Target

Centrum Broking

Mirza International Ltd. is trading above all available SMAs

Mirza International Ltd.

15 Nov 2017

33.60

-2.15%

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 all available SMAs

Mirza International Ltd.

10 Nov 2017

33.60

-2.15%

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. is trading above all available SMAs

Mirza International Ltd.

23 Aug 2017

33.60

-2.15%

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. is trading above all available SMAs

Mirza International Ltd.

15 Jun 2017

33.60

-2.15%

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. is trading above all available SMAs

Mirza International Ltd.

12 Jun 2017

33.60

-2.15%

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. is trading above all available SMAs

Mirza International Ltd.

29 Mar 2017

33.60

-2.15%

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. is trading above all available SMAs

Mirza International Ltd.

20 Feb 2017

33.60

-2.15%

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. is trading above all available SMAs

Mirza International Ltd.

01 Feb 2017

33.60

-2.15%

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. is trading above all available SMAs

Is Mirza International Ltd. worth buying?

374 Votes:

Buy 81.82%

Sell 8.82%

Hold 9.36%