Mirza International Ltd

Mirza International's capital structure is characterized by a low debt-to-equity ratio of 0.08, indicating a conservative leverage profile. The company's liquidity position is moderate, with a current ratio of 2.3, suggesting it can cover short-term obligations but with limited excess cash. Free cash flow is negative at -193.8 million INR, reflecting capital expenditure outpacing operating cash flow [doc:HA-latest]. Profitability metrics are weak, with a net loss of 33 million INR and negative returns on equity (-0.58%) and assets (-0.45%). These figures fall below the industry median for footwear companies, which typically report positive ROE and ROA. Gross profit of 2.29 billion INR is strong in absolute terms but insufficient to offset operating costs, as operating income is only 44.8 million INR [doc:HA-latest]. The company's revenue is split between Export and Domestic Divisions, with no disclosed revenue concentration by geography or segment. However, the global presence across 28 countries suggests a diversified geographic footprint. The Export Division likely contributes a significant portion of revenue, given the company's focus on international markets and brand exports [doc:HA-latest]. Growth trajectory is mixed. Revenue for the latest period is 5.81 billion INR, but the company reported a net loss. Outlook for the current fiscal year is uncertain, with no clear direction provided. The company's capital expenditure of -465.9 million INR suggests investment in long-term capacity, but this has not yet translated into improved profitability [doc:HA-latest]. Risk factors include liquidity concerns, as free cash flow is negative and net cash is negative after subtracting total debt. Dilution risk is low, with no significant changes in shares outstanding between basic and diluted figures. The company's ESG governance score of 69.4 is moderate, but its social pillar score of 37.0 indicates potential reputational risks [doc:HA-latest]. Recent events include the continued operation of the company's Export and Domestic Divisions, with no major restructuring or strategic shifts disclosed. The company remains a supplier to international brands and continues to market its lifestyle brands globally [doc:HA-latest].