Mirza International (MIRZAINT)₹27.70−1.39%Leather And Leather Products
In the Jun 2026 quarter (consolidated), Mirza International reported sales of ₹129 Cr, down 9.5% from Jun 2025, and net profit of −₹4.08 Cr, down 122.8% year on year. For the year to Mar 2026, sales were ₹528 Cr and net profit −₹1.01 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 209 | 142 | 153 | 144 | 202 | 114 | 122 | 142 | 165 | 118 | 103 | 129 |
| Expenses | 196 | 126 | 140 | 132 | 184 | 111 | 116 | 129 | 151 | 119 | 109 | 125 |
| Operating Profit | 12.06 | 15.44 | 12.05 | 10.54 | 16.90 | 3.14 | 5.63 | 12.88 | 12.69 | −1.31 | −6.77 | 3.05 |
| OPM % | 5.8% | 10.9% | 7.9% | 7.4% | 8.4% | 2.8% | 4.6% | 9.1% | 7.8% | −1.1% | −6.6% | 2.4% |
| Other Income | 3.20 | 1.56 | 0.58 | 0.22 | 0.32 | 0.55 | 0.47 | 18.96 | 0.59 | 0.94 | 0.90 | 0.64 |
| Interest | 2.37 | 3.95 | 3.49 | 1.63 | 2.58 | 3.74 | 2.65 | 2.28 | 2.28 | 1.90 | 1.31 | 0.82 |
| Depreciation | 6.38 | 7.16 | 7.69 | 7.95 | 7.26 | 7.75 | 7.55 | 7.94 | 7.89 | 7.64 | 7.52 | 7.26 |
| Profit before tax | 6.45 | 5.83 | 1.40 | 1.10 | 7.29 | −7.81 | −4.12 | 21.44 | 3.06 | −9.89 | −14.68 | −4.43 |
| Tax % | 38.1% | 25.0% | 14.2% | 41.5% | 19.6% | −27.4% | 6.3% | 17.3% | 30.4% | −26.3% | −10.1% | −8.3% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.97 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 4.02 | 4.41 | 1.23 | 0.65 | 5.92 | −5.71 | −4.42 | 17.87 | 2.16 | −7.33 | −13.25 | −4.08 |
| EPS (Rs) | 0.28 | 0.31 | 0.08 | 0.04 | 0.42 | −0.40 | −0.31 | 1.28 | 0.15 | −0.52 | −0.95 | −0.28 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 938 | 974 | 1,154 | 1,263 | 1,051 | 1,401 | 654 | 631 | 582 | 528 | 514 |
| Expenses | 772 | 793 | 1,005 | 1,084 | 927 | 1,218 | 588 | 580 | 544 | 507 | 504 |
| Operating Profit | 161 | 175 | 143 | 172 | 119 | 176 | 63.03 | 49.06 | 35.04 | 18.02 | 7.66 |
| OPM % | 17.0% | 18.1% | 12.1% | 14.1% | 11.0% | 13.1% | 10.0% | 8.0% | 6.0% | 3.4% | 1.5% |
| Other Income | 1.01 | −1.01 | 3.01 | 2.01 | 0.00 | 18.05 | 8.02 | 8.02 | 3.01 | 21.04 | 3.07 |
| Interest | 26.01 | 24.99 | 33.99 | 46.04 | 40.99 | 22.99 | 10.01 | 12.01 | 11.01 | 8.01 | 6.31 |
| Depreciation | 28.93 | 31.93 | 34.88 | 62.83 | 66.77 | 57.83 | 25.92 | 27.91 | 30.91 | 30.88 | 30.31 |
| Profit before tax | 107 | 118 | 75.72 | 63.82 | 11.95 | 113 | 35.90 | 16.94 | −3.99 | 0.00 | −25.94 |
| Tax % | 33.1% | 33.1% | 36.1% | 26.0% | 30.0% | 23.0% | 26.1% | 27.1% | −7.0% | 714.1% | — |
| Exceptional items | 0.00 | −0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 2.99 | 0.00 | 0.99 | 19.97 | 0.00 |
| Net Profit | 72.25 | 78.29 | 49.13 | 48.12 | 8.02 | 86.19 | 26.09 | 12.03 | −3.01 | −1.01 | −22.50 |
| EPS (Rs) | 5.94 | 6.50 | 4.05 | 3.96 | 0.68 | 7.17 | 1.90 | 0.86 | −0.23 | −0.03 | −1.60 |
| Dividend payout % | 15.1% | 14.1% | 22.1% | 23.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24.05 | 24.06 | 24.07 | 24.05 | 24.07 | 28.06 | 28.04 | 28.08 | 28.05 | 28.09 |
| Reserves | 479 | 550 | 590 | 606 | 616 | 482 | 507 | 527 | 539 | 537 |
| Borrowings | 156 | 284 | 358 | 289 | 140 | 49.14 | 45.11 | 35.11 | 48.12 | 15.05 |
| Other Liabilities | 107 | 147 | 148 | 346 | 394 | 175 | 152 | 132 | 123 | 115 |
| Total Liabilities | 766 | 1,005 | 1,119 | 1,264 | 1,175 | 734 | 731 | 722 | 736 | 695 |
| Fixed Assets | 355 | 358 | 411 | 587 | 570 | 362 | 400 | 393 | 416 | 391 |
| CWIP | 2.01 | 25.02 | 5.01 | 11.01 | 8.01 | 4.01 | 1.01 | 11.01 | 2.01 | 5.01 |
| Investments | 1.01 | 1.01 | 1.01 | 1.01 | 2.01 | 7.01 | 7.01 | 8.01 | 9.01 | 9.01 |
| Other Assets | 409 | 621 | 703 | 665 | 594 | 361 | 323 | 309 | 309 | 289 |
| Inventories | 264 | 383 | 433 | 413 | 426 | 158 | 161 | 154 | 161 | 144 |
| Trade receivables | 67.09 | 132 | 156 | 141 | 79.99 | 59.01 | 87.12 | 79.03 | 67.04 | 69.06 |
| Cash & equivalents | 7.02 | 13.02 | 7.01 | 16.03 | 12.02 | 55.12 | 16.03 | 19.05 | 20.05 | 32.05 |
| Total Assets | 766 | 1,005 | 1,119 | 1,264 | 1,175 | 734 | 731 | 722 | 736 | 695 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 114 | −23.94 | 34.93 | 228 | 237 | −3.99 | 46.88 | 49.88 | 27.94 | 43.89 |
| Cash from investing activity | −36.08 | −59.07 | −67.10 | −63.12 | −41.06 | 55.08 | −53.08 | −25.02 | −29.03 | 10.02 |
| Cash from financing activity | −81.67 | 88.58 | 25.88 | −156 | −200 | −11.95 | −31.88 | −21.92 | 0.99 | −40.83 |
| Net cash flow | −4.98 | 5.98 | −5.99 | 7.97 | −2.99 | 38.90 | −38.87 | 2.99 | 0.99 | 12.97 |
| Capex | 33.81 | 61.69 | 72.19 | 69.66 | 49.23 | 0.00 | 54.14 | 37.00 | 46.72 | 16.78 |
| Free cash flow | 80.14 | −83.10 | −33.05 | 165 | 196 | 51.08 | −7.01 | 19.03 | −16.02 | 55.03 |
| CFO / OP % | 91.0% | 6.0% | 44.9% | 144.0% | 199.9% | −3.0% | 93.0% | 115.0% | 87.0% | 242.9% |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 25 | 49 | 48 | 40 | 27 | 14 | 47 | 45 | 41 | 47 |
| Inventory days | 193 | 292 | 241 | 215 | 265 | 71 | 156 | 150 | 172 | 165 |
| Days payable | 30 | 66 | 46 | 51 | 69 | 48 | 92 | 74 | 74 | 70 |
| Cash conversion cycle | 190 | 276 | 245 | 207 | 225 | 39 | 114 | 122 | 141 | 143 |
| Working capital days | 70 | 82 | 76 | 61 | 91 | 28 | 91 | 90 | 96 | 122 |
| ROCE % | — | 19.0% | 12.0% | 12.0% | 6.0% | 20.0% | 7.0% | 5.0% | 1.0% | −2.0% |
For the Jun 2026 quarter, Mirza International reported sales of ₹129 Cr, down 9.5% year on year and net profit of −₹4.08 Cr, down 122.8% year on year. The operating margin was 2.4%.
Mirza International's sales for the year to Mar 2026 were ₹528 Cr; over the last twelve months they were ₹514 Cr.
Net profit for the year to Mar 2026 was −₹1.01 Cr, and −₹22.50 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−1.60.
Mirza International reported borrowings of ₹15.05 Cr at Mar 2026, against cash and equivalents of ₹32.05 Cr.
Cash from operations was ₹43.89 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹55.03 Cr.