MIRZAINT
Mirza International financials
- Market cap
- ₹423 Cr
- Sector
- Consumer Durables
What Mirza International Limited does
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
Quarterly results
Q1 FY27: revenue down 12.6%, net profit down 125.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 198 | 114 | 120 | 141 | 170 −14% | 107 −6% | 98 −19% | 124 −13% |
| EBITDA | 14 | 1 | 9 | 13 | 15 +4% | -2 −335% | -5 −160% | 3 −79% |
| Net profit | 3 | -7 | -0 | 18 | 4 +28% | -8 −6% | -12 −2238% | -5 −126% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −9.9% 1Y
1Y: ₹34 on 10 Sept 2025 → ₹30.63. High ₹42.54 (19 Sept 2025), low ₹25.05 (30 Mar 2026).
Financials, as filed
Revenue fell 6.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 3.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹626 Cr | ₹603 Cr | ₹570 Cr | ₹516 Cr |
| Operating profit | ₹63 Cr | ₹47 Cr | ₹34 Cr | ₹20 Cr |
| Operating margin | 10.0% | 7.7% | 6.0% | 3.9% |
| Interest | ₹8 Cr | ₹7 Cr | ₹9 Cr | ₹7 Cr |
| Depreciation | ₹26 Cr | ₹28 Cr | ₹30 Cr | ₹31 Cr |
| Net profit | ₹26 Cr | ₹14 Cr | ₹-3 Cr | ₹2 Cr |
| Net margin | 4.1% | 2.3% | -0.6% | 0.4% |
| Cash from operations | ₹69 Cr | ₹41 Cr | ₹21 Cr | ₹49 Cr |
| Free cash flow | ₹29 Cr | ₹6 Cr | ₹-10 Cr | ₹60 Cr |
| ROCE | 8.0% | 5.0% | 1.0% | -2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹24 Cr | ₹28 Cr | ₹28 Cr | ₹28 Cr | ₹28 Cr | ₹28 Cr |
| Reserves | ₹613 Cr | ₹406 Cr | ₹428 Cr | ₹442 Cr | ₹453 Cr | ₹442 Cr |
| Borrowings | ₹140 Cr | ₹49 Cr | ₹26 Cr | ₹20 Cr | ₹18 Cr | ₹0 Cr |
| Other liabilities | ₹391 Cr | ₹134 Cr | ₹111 Cr | ₹108 Cr | ₹124 Cr | ₹86 Cr |
| Total liabilities | ₹1.2k Cr | ₹617 Cr | ₹593 Cr | ₹598 Cr | ₹622 Cr | ₹556 Cr |
| Fixed assets | ₹563 Cr | ₹289 Cr | ₹314 Cr | ₹313 Cr | ₹311 Cr | ₹299 Cr |
| Capital work in progress | ₹11 Cr | ₹4 Cr | ₹0 Cr | ₹11 Cr | ₹2 Cr | ₹5 Cr |
| Investments | ₹3 Cr | ₹10 Cr | ₹15 Cr | ₹11 Cr | ₹11 Cr | ₹10 Cr |
| Other assets | ₹591 Cr | ₹315 Cr | ₹263 Cr | ₹263 Cr | ₹298 Cr | ₹242 Cr |
| Total assets | ₹1.2k Cr | ₹617 Cr | ₹593 Cr | ₹598 Cr | ₹622 Cr | ₹556 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −1.73 pp while promoters added +1.72 pp. The shareholder count shrank 7% to 75,840.
- Promoters
- 73.0%
- FIIs
- 0.1%
- DIIs
- 0.0%
- Public
- 26.9%
Since Jun 2025
- Public −1.73 pp
- Promoters +1.72 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window FIIs fell from 1.4% to 0.1% — −1.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 71.8%, FIIs 1.4%, Public 26.9%.Dec '23: Promoters 71.8%, FIIs 0.5%, Public 27.8%.Mar '24: Promoters 71.4%, FIIs 0.3%, Public 28.3%.Jun '24: Promoters 71.3%, FIIs 0.3%, Public 28.4%.Sep '24: Promoters 71.3%, FIIs 0.3%, Public 28.4%.Dec '24: Promoters 71.3%, FIIs 0.2%, DIIs 0.0%, Public 28.6%.Mar '25: Promoters 71.3%, FIIs 0.1%, DIIs 0.0%, Public 28.6%.Jun '25: Promoters 71.3%, FIIs 0.1%, DIIs 0.0%, Public 28.6%.Sep '25: Promoters 71.4%, FIIs 0.1%, DIIs 0.0%, Public 28.5%.Dec '25: Promoters 73.0%, FIIs 0.3%, DIIs 0.0%, Public 26.8%.Mar '26: Promoters 73.0%, FIIs 0.2%, DIIs 0.0%, Public 26.8%.Jun '26: Promoters 73.0%, FIIs 0.1%, DIIs 0.0%, Public 26.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Mirza International Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Tasneef Ahmad Mirza | 23.39% | unchanged |
| Tauseef Ahmad Mirza | 22.02% | unchanged |
| Faraz Mirza | 12.31% | unchanged |
| Shahid Ahmad Mirza | 12.31% | unchanged |
| Mustafa Mirza | 2.17% | unchanged |
| Hiba Mirza | 0.36% | unchanged |
| Sarah Mirza | 0.36% | unchanged |
| Fauzia Mirza | 0.04% | unchanged |
| Iram Mirza | 0.02% | unchanged |
| Haya Mirza | 0.01% | unchanged |
| Firdaus Amin | 0.00% | unchanged |
| Rashid Ahmed Mirza | 0.00% | 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.
Learn to analyse Mirza International Limited
Guides on how to read this kind of business and the numbers that matter.