Financials Mirza International Limited

Equities

MIRZAINT

INE771A01026

Footwear

Market Closed - NSE India S.E. 07:43:48 2024-04-26 am EDT 5-day change 1st Jan Change
47.75 INR +0.10% Intraday chart for Mirza International Limited +6.58% +3.13%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 15,092 6,599 4,433 5,480 19,333 4,816
Enterprise Value (EV) 1 17,797 10,069 8,795 8,341 21,479 5,017
P/E ratio 19.2 x 13.5 x 9.29 x 66 x 17.1 x 18.2 x
Yield 0.72% 1.64% 2.44% - - -
Capitalization / Revenue 1.55 x 0.57 x 0.35 x 0.52 x 1.15 x 0.74 x
EV / Revenue 1.83 x 0.87 x 0.7 x 0.8 x 1.28 x 0.77 x
EV / EBITDA 10.2 x 7.04 x 5.97 x 8.84 x 9.88 x 8.04 x
EV / FCF -14.8 x -13 x 8.78 x 7.69 x 86.9 x -16.4 x
FCF Yield -6.76% -7.72% 11.4% 13% 1.15% -6.1%
Price to Book 2.64 x 1.08 x 0.71 x 0.86 x 2.55 x 0.9 x
Nbr of stocks (in thousands) 120,306 120,306 120,306 120,306 120,306 138,202
Reference price 2 125.4 54.85 36.85 45.55 160.7 34.85
Announcement Date 8/28/18 8/22/19 11/26/20 9/1/21 9/1/22 8/26/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 9,721 11,517 12,612 10,489 16,787 6,530
EBITDA 1 1,750 1,431 1,474 943.9 2,173 624.2
EBIT 1 1,434 1,076 1,084 525.5 1,752 374.1
Operating Margin 14.75% 9.34% 8.59% 5.01% 10.43% 5.73%
Earnings before Tax (EBT) 1 1,178 759.8 644.4 119.3 1,536 359.4
Net income 1 784.2 487.9 477.1 83.4 1,129 264.3
Net margin 8.07% 4.24% 3.78% 0.8% 6.73% 4.05%
EPS 2 6.518 4.050 3.966 0.6900 9.380 1.910
Free Cash Flow 1 -1,203 -777.2 1,002 1,085 247.2 -305.8
FCF margin -12.37% -6.75% 7.95% 10.35% 1.47% -4.68%
FCF Conversion (EBITDA) - - 67.98% 114.97% 11.38% -
FCF Conversion (Net income) - - 210.05% 1,301.23% 21.9% -
Dividend per Share 2 0.9000 0.9000 0.9000 - - -
Announcement Date 8/28/18 8/22/19 11/26/20 9/1/21 9/1/22 8/26/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 2,704 3,471 4,362 2,862 2,146 200
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.545 x 2.426 x 2.959 x 3.032 x 0.9875 x 0.3211 x
Free Cash Flow 1 -1,203 -777 1,002 1,085 247 -306
ROE (net income / shareholders' equity) 14.6% 8.25% 7.7% 1.32% 16.2% 5.07%
ROA (Net income/ Total Assets) 10.2% 6.35% 5.7% 2.7% 8.45% 3.2%
Assets 1 7,713 7,678 8,363 3,086 13,368 8,257
Book Value Per Share 2 47.50 50.80 52.20 53.00 63.10 38.60
Cash Flow per Share 2 1.070 0.6000 1.290 1.000 1.810 1.140
Capex 1 615 719 694 491 852 540
Capex / Sales 6.33% 6.25% 5.5% 4.68% 5.07% 8.26%
Announcement Date 8/28/18 8/22/19 11/26/20 9/1/21 9/1/22 8/26/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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