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Mirza International

BSE:526642
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
526642
BSE
₹6B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Mirza International Limited manufactures and markets leather footwear and finished leather products in India. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Mirza International has significant price volatility in the past 3 months.
526642 Share Price and Events
7 Day Returns
-5.1%
BSE:526642
-1.5%
IN Luxury
-0.1%
IN Market
1 Year Returns
-60.4%
BSE:526642
-8.5%
IN Luxury
-7.5%
IN Market
526642 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mirza International (526642) -5.1% -31.6% -34.9% -60.4% -42.9% 97.5%
IN Luxury -1.5% -1.2% -2.7% -8.5% 54.7% 184.5%
IN Market -0.1% -3.2% -1.7% -7.5% 46.6% 79.6%
1 Year Return vs Industry and Market
  • 526642 underperformed the Luxury industry which returned -8.5% over the past year.
  • 526642 underperformed the Market in India which returned -7.5% over the past year.
Price Volatility
526642
Industry
5yr Volatility vs Market

Value

 Is Mirza International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mirza International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mirza International.

BSE:526642 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:526642
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.573 (1 + (1- 35%) (45.42%))
0.742
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for BSE:526642 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mirza International is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:526642 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) -610.00 471.00 542.00 573.56 606.96
Source Analyst x1 Analyst x1 Analyst x1 Est @ 5.82% Est @ 5.82%
Present Value
Discounted (@ 13.51%)
-537.40 365.55 370.59 345.50 322.10
Present value of next 5 years cash flows ₹866.35
BSE:526642 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹606.96 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹10,952.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹10,952.78 ÷ (1 + 13.51%)5
₹5,812.38
BSE:526642 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹866.35 + ₹5,812.38
₹6,678.72
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹6,678.72 / 120.31
₹55.78
BSE:526642 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BSE:526642 represents 1.00481x of NSEI:MIRZAINT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00481x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 55.51 x 1.00481
₹55.78
Value per share (INR) From above. ₹55.78
Current discount Discount to share price of ₹52.15
= -1 x (₹52.15 - ₹55.78) / ₹55.78
6.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mirza International is available for.
Intrinsic value
7%
Share price is ₹52.15 vs Future cash flow value of ₹55.78
Current Discount Checks
For Mirza International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mirza International's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Mirza International's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mirza International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mirza International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:526642 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹5.09
NSEI:MIRZAINT Share Price ** NSEI (2019-02-22) in INR ₹51.9
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.68x
India Market PE Ratio Median Figure of 2,709 Publicly-Listed Companies 15.3x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mirza International.

BSE:526642 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:MIRZAINT Share Price ÷ EPS (both in INR)

= 51.9 ÷ 5.09

10.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mirza International is good value based on earnings compared to the IN Luxury industry average.
  • Mirza International is good value based on earnings compared to the India market.
Price based on expected Growth
Does Mirza International's expected growth come at a high price?
Raw Data
BSE:526642 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
17.8%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.97x
India Market PEG Ratio Median Figure of 604 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

BSE:526642 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.2x ÷ 17.8%

0.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mirza International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Mirza International's assets?
Raw Data
BSE:526642 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹50.19
NSEI:MIRZAINT Share Price * NSEI (2019-02-22) in INR ₹51.9
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.04x
BSE:526642 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:MIRZAINT Share Price ÷ Book Value per Share (both in INR)

= 51.9 ÷ 50.19

1.03x

* Primary Listing of Mirza International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mirza International is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Mirza International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Mirza International has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mirza International expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mirza International expected to grow at an attractive rate?
  • Mirza International's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Mirza International's earnings growth is positive but not above the India market average.
  • Mirza International's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:526642 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:526642 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 17.8%
BSE:526642 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 9.8%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:526642 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:526642 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 13,475 1,042 906 1
2020-03-31 12,049 971 760 1
2019-03-31 10,790 190 643 1
BSE:526642 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 11,045 610
2018-09-30 10,372 728
2018-06-30 9,819 761
2018-03-31 9,721 -238 784
2017-12-31 9,373 773
2017-09-30 9,260 743
2017-06-30 9,359 714
2017-03-31 9,357 1,136 717
2016-12-31 9,351 825
2016-09-30 9,233 804
2016-06-30 9,298 801
2016-03-31 9,258 903 781

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mirza International's earnings are expected to grow by 17.8% yearly, however this is not considered high growth (20% yearly).
  • Mirza International's revenue is expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:526642 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Mirza International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:526642 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 7.50 7.50 7.50 1.00
2020-03-31 6.30 6.30 6.30 1.00
2019-03-31 5.30 5.30 5.30 1.00
BSE:526642 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 5.09
2018-09-30 6.10
2018-06-30 6.38
2018-03-31 6.52
2017-12-31 6.40
2017-09-30 6.15
2017-06-30 5.93
2017-03-31 5.96
2016-12-31 6.39
2016-09-30 6.58
2016-06-30 6.95
2016-03-31 7.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mirza International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mirza International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mirza International has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mirza International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mirza International's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mirza International's year on year earnings growth rate has been positive over the past 5 years.
  • Mirza International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mirza International's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Mirza International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mirza International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:526642 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 11,045.38 610.10 1,097.08
2018-09-30 10,372.24 728.46 1,224.76
2018-06-30 9,818.55 760.79 919.77
2018-03-31 9,720.90 784.20 1,183.70
2017-12-31 9,373.42 772.84 1,200.73
2017-09-30 9,260.21 742.97 1,012.57
2017-06-30 9,358.74 714.11 954.37
2017-03-31 9,356.80 717.40 891.40
2016-12-31 9,351.20 825.15 723.63
2016-09-30 9,232.53 804.35 702.53
2016-06-30 9,298.17 801.03 627.89
2016-03-31 9,257.50 780.90 660.10
2015-12-31 9,385.43 614.56 1,491.28
2015-09-30 9,519.26 619.00 1,441.60
2015-06-30 9,562.14 594.24 1,397.85
2015-03-31 9,183.40 511.60 519.30
2014-12-31 8,703.18 468.41 1,134.90
2014-09-30 8,133.06 421.88 1,116.95
2014-06-30 7,550.44 452.88 381.27
2014-03-31 7,069.70 433.70 1,081.00
2013-12-31 7,016.70 472.97 985.54
2013-09-30 7,013.22 498.52 978.36
2013-06-30 6,491.36 466.15 335.02
2013-03-31 6,434.00 434.40 961.90
2012-12-31 6,077.29 406.94 879.03
2012-09-30 5,877.25 352.44 866.83
2012-06-30 5,730.71 279.99 298.33
2012-03-31 5,565.30 353.10 845.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mirza International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mirza International used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Mirza International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mirza International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mirza International has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mirza International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mirza International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mirza International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mirza International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mirza International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mirza International Company Filings, last reported 1 month ago.

BSE:526642 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,033.20 2,836.10 168.30
2018-09-30 6,033.20 2,836.10 168.30
2018-06-30 5,718.00 2,695.50 128.20
2018-03-31 5,718.00 2,832.60 128.20
2017-12-31 5,718.00 2,832.60 128.20
2017-09-30 5,333.80 2,008.70 81.80
2017-06-30 5,036.40 1,560.20 65.20
2017-03-31 5,020.40 1,560.20 65.20
2016-12-31 4,901.70 1,577.50 199.40
2016-09-30 4,901.70 1,577.50 199.40
2016-06-30 4,456.20 1,904.30 114.50
2016-03-31 4,456.20 2,050.70 114.50
2015-12-31 3,439.30 1,788.10 109.60
2015-09-30 3,439.30 1,788.10 109.60
2015-06-30 3,125.10 2,177.00 57.60
2015-03-31 3,125.10 2,177.00 57.60
2014-12-31 3,111.99 1,615.67 68.18
2014-09-30 3,111.99 1,615.67 68.18
2014-06-30 2,865.95 1,889.81 63.51
2014-03-31 2,865.50 2,119.60 63.50
2013-12-31 2,436.96 1,526.48 229.40
2013-09-30 2,436.96 1,526.48 229.40
2013-06-30 2,513.18 1,544.06 38.68
2013-03-31 2,512.90 1,544.00 38.70
2012-12-31 2,291.21 1,538.38 48.61
2012-09-30 2,291.21 1,538.38 48.61
2012-06-30 2,068.06 1,482.55 119.73
2012-03-31 2,067.90 1,691.80 119.70
  • Mirza International's level of debt (47%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (62.8% vs 47% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess Mirza International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mirza International has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mirza International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.73%
Current annual income from Mirza International dividends. Estimated to be 1.73% next year.
If you bought ₹2,000 of Mirza International shares you are expected to receive ₹35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mirza International's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Mirza International's dividend is below the markets top 25% of dividend payers in India (2.08%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:526642 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:526642 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.90 1.00
2020-03-31 0.90 1.00
2019-03-31 0.90 1.00
BSE:526642 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-28 0.900 1.149
2018-05-29 0.900 0.852
2017-08-31 0.900 0.620
2017-05-30 0.900 0.578
2016-08-30 0.500 0.543
2016-05-30 0.500 0.553
2015-08-27 0.500 0.456
2014-08-28 0.500 0.795
2013-08-27 0.500 1.842
2013-05-27 0.500 2.327
2012-09-07 0.500 2.396
2011-09-09 0.500 2.673
2010-08-06 0.400 1.986
2010-05-24 0.400 2.732
2009-06-01 0.200 1.338
2009-02-24 0.300 3.216

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Mirza International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (8x coverage).
X
Income/ dividend checks
We assess Mirza International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mirza International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mirza International has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mirza International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rashid Mirza
COMPENSATION ₹22,816,136
AGE 62
CEO Bio

Mr. Rashid Ahmed Mirza, Dip in Lether tech, co-founded Mirza International Limited in 1979 and serves as its Managing Director and Chief Executive Officer. Mr. Mirza has over 30 years of experience in the leather industry and served with various leather companies in the U.K. In 1979, he along with his father promoted Mirza Tanners Ltd. (now, Mirza International Ltd.). He served as Independent Director of Jagran Prakashan Ltd. since November 18, 2005 until July 31, 2014. He has been a Director of Mirza International Limited September 5, 1979. He holds a Diploma in leather technology from Leather Sellers College, London.

CEO Compensation
  • Rashid's compensation has been consistent with company performance over the past year.
  • Rashid's remuneration is higher than average for companies of similar size in India.
Management Team

Irshad Mirza

TITLE
Executive Chairman
COMPENSATION
₹216K
AGE
83

Rashid Mirza

TITLE
MD, CEO & Director
COMPENSATION
₹23M
AGE
62

Narendra Upadhyay

TITLE
Whole-Time Director
COMPENSATION
₹4M
AGE
69

Tauseef Mirza

TITLE
Whole-Time Director
COMPENSATION
₹22M
AGE
49

Shahid Mirza

TITLE
Whole-Time Director
COMPENSATION
₹19M
AGE
61

Tasneef Mirza

TITLE
Whole-Time Director
COMPENSATION
₹19M
AGE
46

V. Cherian

TITLE
Chief Financial Officer
COMPENSATION
₹2M
TENURE
2.8 yrs

Ankit Mishra

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹653K
TENURE
2.9 yrs

Shuja Mirza

TITLE
President of Marketing
AGE
37

Faraz Mirza

TITLE
President of Production
Board of Directors Tenure

Average tenure and age of the Mirza International board of directors in years:

24.5
Average Tenure
65.5
Average Age
  • The average tenure for the Mirza International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Irshad Mirza

TITLE
Executive Chairman
COMPENSATION
₹216K
AGE
83
TENURE
10.3 yrs

Rashid Mirza

TITLE
MD, CEO & Director
COMPENSATION
₹23M
AGE
62
TENURE
39.4 yrs

Narendra Upadhyay

TITLE
Whole-Time Director
COMPENSATION
₹4M
AGE
69
TENURE
21.8 yrs

Tauseef Mirza

TITLE
Whole-Time Director
COMPENSATION
₹22M
AGE
49
TENURE
29.4 yrs

Shahid Mirza

TITLE
Whole-Time Director
COMPENSATION
₹19M
AGE
61
TENURE
39.4 yrs

Tasneef Mirza

TITLE
Whole-Time Director
COMPENSATION
₹19M
AGE
46
TENURE
22.1 yrs

Pashupati Kapoor

TITLE
Non-Executive Independent Director
COMPENSATION
₹40K
AGE
81
TENURE
24.6 yrs

Sudhindra Jain

TITLE
Non-Executive Independent Director
COMPENSATION
₹50K
AGE
62
TENURE
10.6 yrs

Qazi Salam

TITLE
Non-Executive Independent Director
COMPENSATION
₹50K
AGE
74
TENURE
24.6 yrs

Yashvir Singh

TITLE
Non-Executive Independent Director
COMPENSATION
₹30K
AGE
71
TENURE
24.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Mirza International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mirza International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Map
Description

Mirza International Limited manufactures and markets leather footwear and finished leather products in India. It operates through two segments, Tannery Division and Shoe Division. The company offers men’s and women’s footwear; and formal and urban footwear for mobile executives and businessmen. It also provides men’s denims, casual shirts, T-shirts, cargos, trousers, shorts, sweaters, and jackets, as well as accessories, such as belts, socks, hankies, and wallets; and women’s clothing. The company sells its products under the REDTAPE, Bond Street, Oaktrak, and MODE brand names through multiple brand outlets, chain stores, prime outlets, shop windows, and exclusive brand shops, as well as online. Mirza International Limited also exports its products. The company was formerly known as Mirza Tanners Limited. Mirza International Limited was founded in 1979 and is headquartered in Kanpur, India.

Details
Name: Mirza International Limited
526642
Exchange: BSE
Founded: 1979
₹6,243,881,400
120,306,000
Website: http://www.mirza.co.in
Address: Mirza International Limited
14/6, Civil Lines,
Kanpur,
Uttar Pradesh, 208001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI MIRZAINT Equity Shares National Stock Exchange of India IN INR 11. Oct 1996
BSE 526642 Equity Shares Mumbai Stock Exchange IN INR 11. Oct 1996
Number of employees
Current staff
Staff numbers
3,408
Mirza International employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 12:49
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/15
Last earnings filing: 2019/02/09
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.