MIRZAINT · Mirza International Ltd · Footwear
MIRZAINT · Mirza International Ltd · Footwear
As of 05 Nov close
52-week range
36.4% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹128 Cr
Revenue YoY
PAT YoY
-122.8%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
0.7
P/S (TTM)
0.8
Sector P/E
Not available from data source
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MIRZAINT (this stock) | Not meaningful (earnings negative over the last 12 months) | 0.7 | -4.4% | -4.0% | 0.03 | 0.0% |
| Campus Activewear | 46.6 | 7.3 | +8.5% | +17.0% | 0.26 | +0.7% |
| Sreeleathers | 14.7 | 1.5 | +12.7% | +6.6% | 0 | +0.6% |
| Liberty Shoes | 53.7 | 1.6 | +1.2% | +3.6% | 0.71 | 0.0% |
Promoter
stable
FII
stable
MF
4.06% (+0.22pp)
rising 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedMirza International Limited (MIRZAINT) reported on its FY2025-26 financials and business developments. The company completed the amalgamation of RTS Fashion Limited (UAE) with Mirza International Limited on April 1, 2025, with the process formalized in May 2026. The audit highlighted a Key Audit Matter related to a search and seizure operation by the Income Tax Department, involving the seizure of cash, documents, and electronic records, which requires management judgment on financial implications and contingent liabilities. The company also disclosed pending legal cases, including employee disputes in various courts and pending tax liabilities in Uttar Pradesh, Gujarat, and Kerala. Financial statements show a net loss of ₹0.29 lakh in FY2025-26, with no defaults on loans or statutory dues. The auditor did not raise concerns about the company's going concern status, but the consolidated financial statements include a note about a 'Material Uncertainty Related to Going Concern' from the auditor of Genesis Brands Inc., USA.
- Amalgamation of RTS Fashion Limited (UAE) with Mirza International Limited completed on April 1, 2025, with formalization in May 2026.
- Key Audit Matter: Search and seizure by Income Tax Department, requiring management judgment on financial implications and contingent liabilities.
- Pending legal cases: Employee disputes in Allahabad High Court, ALC Noida, Labour Office Lucknow, and Kanpur; pending tax liabilities in Uttar Pradesh, Gujarat, and Kerala.
- Net loss of ₹0.29 lakh in FY2025-26; no defaults on loans or statutory dues.
- Consolidated financial statements include a 'Material Uncertainty Related to Going Concern' note from Genesis Brands Inc., USA's auditor.
Key takeaway: Mirza International Limited completed a significant corporate restructuring with RTS Fashion Limited but faces ongoing legal and tax challenges, including pending disputes and a material uncertainty note from a subsidiary's auditor, despite no loan defaults or statutory dues outstanding.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item); Investigation or enforcement mention (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceRecent (last 12 months)
Mirza International Limited has pending appeals and show-cause notices from various state GST departments and income tax authorities for multiple fiscal years, including 2016-17 to 2023-24.
Investigation or enforcement mention
1 occurrenceRecent (last 12 months)
The Income Tax Department conducted a search and seizure operation at the Company's premises, seizing cash, documents, and electronic records. The matter involves significant management judgment regarding potential financial implications, contingent liabilities, and adequacy of disclosures.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The auditor identified a contingent liability related to ongoing legal proceedings, which was considered a Key Audit Matter. The auditor evaluated the adequacy of disclosures in the standalone financial statements regarding the potential financial implications of these proceedings.
Earlier (1-3 years ago)
The company has contingent liability related to nonpayment of bills of exchange purchased by its bankers.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company has entered into related party transactions with entities such as REDTAPE Limited, Gempack Enterprises, Shoemac Leather Tech Engineers Limited, and Olive Shoes Private Limited, involving purchases of goods and jobwork expenses, with transaction values approved by the audit committee.
Earlier (1-3 years ago)
The company has entered into related-party transactions with entities such as REDTAPE Limited, Shoemac Leather Tech Engineers Limited, Olive Shoes Private Limited, and Mirza (U.K.) Limited, involving purchases of goods, services, and jobwork expenses, with amounts ranging from 1,000 to 15,000 lakh, and these transactions were approved by the audit committee.
Statutory dues in dispute
2 occurrencesRecent (last 12 months)
The company has statutory dues under UP VAT Act-2008, CST Act-1956, and UP Entry Tax Act 2007 that have not been deposited due to disputes pending in various commercial tax departments in Kanpur.
Earlier (1-3 years ago)
The company has statutory dues under various acts (UP VAT, CST, Entry Tax, Kerala VAT) that have not been deposited due to disputes, with amounts outstanding as of March 31, 2025, pending in multiple forums in Kanpur and Ernakulam.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.29% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).