Mirza International share price & results
- Jun 2026
- Sept 2026
India's largest manufacturer, marketer and exporter of leather footwear, running its own tannery and selling under the Thomas Crick, Off The Hook London and Oaktrak brands across 18 countries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 124 | −12.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.1 | −6.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -4.5 | −125.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | -3.98 | −3.0 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 10.42 | +13.2 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -11.43 | −1.5 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −33.2% 1Y
1Y: ₹38.87 on 24 Oct 2025 → ₹25.97. High ₹40.72 (15 Dec 2025), low ₹25.05 (30 Mar 2026).
- Previous close
- ₹26.2
- Market cap
- ₹371 Cr
- 52-week range
- ₹25.05 – ₹40.72
- One year
- −30.73%
- Return on equity (TTM to Jun 2026)
- -3.98%
Overview
- Symbol
- NSE:MIRZAINT
- Sector
- Consumer Durables
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Mirza International Limited does
Based on the company's own presentations, annual report and earnings calls.
Mirza International grew from a small tannery set up in 1979 into one of India's leading leather footwear makers, operating an in-house tannery alongside four integrated manufacturing units in Unnao and Greater Noida, Uttar Pradesh. It designs and manufactures footwear for men, women and children under its own brands — Thomas Crick, Off The Hook London (including Off The Hook Kids) and Oaktrak — sold through omni-channel retail in India and overseas. Alongside branded footwear, the company is also one of the largest Indian suppliers of finished leather to overseas markets, supported by 25 dedicated ancillary units, in-house design studios, a direct e-commerce division and dedicated warehouses for online fulfilment.
Segments
- Footwear
- Finished Leather
- Manufacturing units
- 4 integrated facilities (Unnao & Greater Noida, Uttar Pradesh)
- Annual footwear manufacturing capacity
- 5.1 million pairs
- Manufacturing facilities area
- ~3 million sq. ft.
- In-house tannery
- one of the largest tanning facilities in India; effluent treatment plant capacity 1.65 MLD
- Ancillary units
- 25 dedicated ancillary units
- Design studios
- 2 studios producing ~5,000 designs/year
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −126% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 198 | 114 | 120 | 141 | 170 | 107 | 98 | 124 |
| Expenses | 184 | 113 | 112 | 129 | 155 | 109 | 103 | 121 |
| Operating profit | 14 | 1 | 9 | 13 | 15 | -2 | -5 | 3 |
| Operating margin | 7.0% | 0.7% | 7.2% | 8.9% | 8.6% | −1.7% | −5.4% | 2.1% |
| Other income | 0 | 0 | 0 | 19 | 0 | 0 | 1 | 0 |
| Interest | 3 | 3 | 2 | 2 | 2 | 1 | 1 | 1 |
| Depreciation | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 7 |
| Profit before tax | 5 | -10 | -1 | 21 | 5 | -10 | -13 | -5 |
| Tax rate | 32.2% | −22.9% | −49.0% | 17.3% | 18.9% | −25.1% | −11.4% | −7.6% |
| Net profit | 3 | -7 | -0 | 18 | 4 | -8 | -12 | -5 |
| EPS (₹ per share) | 0.23 | -0.53 | -0.04 | 1.28 | 0.29 | -0.57 | -0.85 | -0.33 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 626 | 603 | 570 | 516 |
| Expenses | 565 | 556 | 536 | 496 |
| Operating profit | 63 | 47 | 34 | 20 |
| Other income | 5 | 7 | 1 | 20 |
| Interest | 8 | 7 | 9 | 7 |
| Depreciation | 26 | 28 | 30 | 31 |
| Profit before tax | 34 | 19 | -4 | 3 |
| Net profit | 26 | 14 | -3 | 2 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 406 | 428 | 442 | 436 | 453 | 442 |
| Borrowings | 49 | 26 | 20 | 42 | 18 | 0 |
| Other liabilities | 134 | 111 | 108 | 86 | 124 | 86 |
| Total liabilities | 617 | 593 | 598 | 592 | 622 | 556 |
| Fixed assets | 289 | 314 | 313 | 324 | 311 | 299 |
| Capital work in progress | 4 | 0 | 11 | 2 | 2 | 5 |
| Investments | 10 | 15 | 11 | 11 | 11 | 10 |
| Other assets | 315 | 263 | 263 | 255 | 298 | 242 |
| Total assets | 617 | 593 | 598 | 592 | 622 | 556 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 234 | 341 | 69 | 41 | 21 | 49 |
| Cash from investing | -39 | -231 | -39 | -29 | -33 | 21 |
| Cash from financing | -201 | -113 | -31 | -14 | 13 | -50 |
| Net cash flow | -5 | -3 | -1 | -2 | 2 | 21 |
| Free cash flow | 194 | 110 | 29 | 6 | -10 | 60 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 28 | 28 | 47 | 49 | 38 | 43 |
| Inventory days | 264 | 59 | 121 | 134 | 141 | 124 |
| Days payable | 68 | 42 | 59 | 61 | 45 | 51 |
| Cash conversion cycle | 224 | 45 | 109 | 122 | 135 | 116 |
| Working capital days | 92 | 38 | 86 | 96 | 93 | 109 |
| Return on capital employed | 6.0% | 22.0% | 8.0% | 5.0% | 1.0% | −2.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Footwear- Domestic & Export Sale contributes 77.1% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Footwear- Domestic & Export Sale 77.1%
₹107.44 crore
- Tannery- Domestic & Export Sale 22.5%
₹31.41 crore
- Unallocated/Exceptional Items 0.3%
₹0.49 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Footwear- Domestic & Export Sale | 107.44 | 77.1% |
| Tannery- Domestic & Export Sale | 31.41 | 22.5% |
| Unallocated/Exceptional Items | 0.49 | 0.3% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹139.34 crore
- Intersegment adjustment
- ₹10.30 crore
- Net segment revenue
- ₹129.03 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Each segment’s share of reported revenue, quarter by quarter.
| Segment | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Footwear- Domestic & Export Sale | 77% | — | — | 65% | — | 80% | — | 77% | -11.5% |
| Tannery- Domestic & Export Sale | — | — | — | — | — | — | — | 23% | — |
| Unallocated/Exceptional Items | — | — | — | — | — | — | — | <1% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 72.99% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 72.99%
- Foreign institutions 0.14%
- Domestic institutions 0.01%
- Public 26.86%
Who is on the register
Named in the Sep 2026 filing
Every holder of Mirza International Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 23.39% | unchanged | |
| 22.02% | unchanged | |
| 12.31% | unchanged | |
| 12.31% | unchanged | |
| 2.17% | unchanged | |
| 0.36% | unchanged | |
| 0.36% | unchanged | |
| 0.04% | unchanged | |
| 0.02% | unchanged | |
| 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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