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Mirza International Limited (MIRZAINT) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹4.7B

MI Mirza International Limited MIRZAINT · NSE
Price₹34.18
Fair Value₹16.84
Upside-50.7%
Quality52/100
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Evidence: Medium Range ₹12.94 – ₹20.73

Fair value as of: Jul 3, 2026

From 13 valuation models · updated today

Share price +14.1% over the past month.

Price vs Fair Value (12 months)

₹42.54 ₹25.05 Fair Value ₹16.84 Jul 2025 Jul 2026

12‑month range ₹25.05 – ₹42.54 · fair‑value band ₹12.94 – ₹20.73 · the ₹34.18 price screens above the ₹16.84 fair value. As of Jul 3, 2026.

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Analysis

Mirza International Limited (MIRZAINT) currently trades at ₹34.18, while our model-based Fair Value estimate is ₹16.84 — implying the stock looks roughly 50.7% overvalued today. We read business quality at 52/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Mirza International Limited generated revenue of ₹5.3B at a net margin of -0.1%. Revenue declined 15.9% year over year. It earns a return on equity of -0.1%. The balance sheet holds a net cash position of ₹175M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹5.3B
Revenue growth (YoY) -15.9%
Net margin -0.1%
Return on equity -0.1%
Free cash flow ₹198M FY2026
Operating margin -14.0%
More key figures
EPS (TTM) ₹-0.0400
EPS growth (YoY) -62.8%
Net cash ₹175M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Mirza International Limited manufactures, sells, and exports finished leather and leather footwear products in India, the United Kingdom, the United States, and internationally. It operates through the Footwear and Tannery segments. The company offers casual and formal shoes, as well as handcrafted leather shoes and boots for men, women, boys, girls, and kids; and engages in processing and sale of finished leather and related products. It offers its products under the Thomas Crick, Off The Hook London, and Oaktrak brands. The company sells its products to professionals and mobile executives through outlets, third-party stores, and online platforms. The company was formerly known as Mirza Tanners Ltd. and changed its name to Mirza International Limited in August 2005. Mirza International Limited was incorporated in 1979 and is headquartered in Noida, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Mirza International Limited reported revenue of ₹5.3B in FY2026 versus ₹14.0B in FY2022, a compound −21.7%/yr. Reported net income was −₹5.7M in FY2026.

Revenue −21.7%/yr
FY22 ₹14.0B
FY23 ₹6.5B
FY24 ₹6.3B
FY25 ₹5.8B
FY26 ₹5.3B
Net income
FY22 ₹865M
FY23 ₹264M
FY24 ₹120M
FY25 −₹35.4M
FY26 −₹5.7M

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Similar stocks

6 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE €38.41 €31.09 -19%
adidas AG 1ADS €184.40 €81.86 -56%
ASICS Corporation ASCCY $25.77 $19.43 -25%
Deckers Outdoor Corporation DECK $108.96 $96.18 -12%
On Holding ONON $38.32 $21.64 -44%
Zhejiang China Commodities City Group 600415 ¥10.63 ¥18.58 +75%

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Frequently asked questions

Is Mirza International Limited (MIRZAINT) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹16.84 versus a price of ₹34.18 — about −51% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MIRZAINT?
Our model-based fair value for Mirza International Limited is ₹16.84 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹34.18.
What is the quality score of MIRZAINT?
Mirza International Limited has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Mirza International Limited (MIRZAINT)?
Mirza International Limited reported trailing-twelve-month revenue of about ₹5.3B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of MIRZAINT?
The net profit margin of Mirza International Limited is about -0.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.