Mirza International Limited (MIRZAINT) - Net Assets

Latest as of March 2026: Rs5.63 Billion INR ≈ $60.86 Million USD

Based on the latest financial reports, Mirza International Limited (MIRZAINT) has net assets worth Rs5.63 Billion INR (≈ $60.86 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs6.92 Billion ≈ $74.79 Million USD) and total liabilities (Rs1.29 Billion ≈ $13.92 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Mirza International Limited (MIRZAINT) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs5.63 Billion
% of Total Assets	81.38%
Annual Growth Rate	8.27%
5-Year Change	-25.92%
10-Year Change	11.75%
Growth Volatility	13.87

Mirza International Limited - Net Assets Trend (2005–2026)

This chart illustrates how Mirza International Limited's net assets have evolved over time, based on quarterly financial data. See Mirza International Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Mirza International Limited (2005–2026)

The table below shows the annual net assets of Mirza International Limited from 2005 to 2026. For live valuation and market cap data, see Mirza International Limited (MIRZAINT) total market value.

Year	Net Assets	Change
2026-03-31	Rs5.63 Billion ≈ $60.86 Million	-0.28%
2025-03-31	Rs5.64 Billion ≈ $61.03 Million	+2.13%
2024-03-31	Rs5.53 Billion ≈ $59.76 Million	+3.60%
2023-03-31	Rs5.33 Billion ≈ $57.69 Million	-29.79%
2022-03-31	Rs7.60 Billion ≈ $82.16 Million	+19.02%
2021-03-31	Rs6.38 Billion ≈ $69.03 Million	+1.65%
2020-03-31	Rs6.28 Billion ≈ $67.91 Million	+2.66%
2019-03-31	Rs6.12 Billion ≈ $66.15 Million	+6.97%
2018-03-31	Rs5.72 Billion ≈ $61.84 Million	+13.53%
2017-03-31	Rs5.04 Billion ≈ $54.47 Million	+13.02%
2016-03-31	Rs4.46 Billion ≈ $48.19 Million	+42.59%
2015-03-31	Rs3.13 Billion ≈ $33.80 Million	+9.06%
2014-03-31	Rs2.87 Billion ≈ $30.99 Million	+14.03%
2013-03-31	Rs2.51 Billion ≈ $27.18 Million	+21.52%
2012-03-31	Rs2.07 Billion ≈ $22.36 Million	+15.82%
2011-03-31	Rs1.79 Billion ≈ $19.31 Million	+23.60%
2010-03-31	Rs1.44 Billion ≈ $15.62 Million	+22.11%
2009-03-31	Rs1.18 Billion ≈ $12.79 Million	-10.33%
2008-03-31	Rs1.32 Billion ≈ $14.27 Million	+4.71%
2007-03-31	Rs1.26 Billion ≈ $13.62 Million	+8.01%
2006-03-31	Rs1.17 Billion ≈ $12.61 Million	+9.88%
2005-03-31	Rs1.06 Billion ≈ $11.48 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Mirza International Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs276.40 Million	4.91%
Other Components	Rs5.35 Billion	95.09%
Total Equity	Rs5.63 Billion	100.00%

Mirza International Limited Competitors by Market Cap

The table below lists competitors of Mirza International Limited ranked by their market capitalization.

Company	Market Cap
Yesil Gayrimenkul Yatirim Ortakligi AS IS:YGYO	$53.06 Million
Anatolia Tani ve Biyoteknoloji Urunleri Arastirma Gelistirme Sanayi ve Ticaret IS:ANGEN	$53.07 Million
Mida Leasing Public Company Limited BK:ML	$53.10 Million
Daebongls.Co.Ltd KQ:078140	$53.12 Million
Wahana Ottomitra Multiartha JK:WOMF	$53.04 Million
Formet Celik Kapi Sanayi ve Ticaret AS IS:FORMT	$53.03 Million
EasyJet PLC LSE:EZJ	$53.03 Million
Keum Kang Steel Co. Ltd KQ:053260	$52.99 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Mirza International Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 5,643,600,000 to 5,628,000,000, a change of -15,600,000 (-0.3%).
Net loss of 5,708,000 reduced equity.
Dividend payments of 800,000 reduced retained earnings.
Other comprehensive income decreased equity by 519,600,000.
Other factors increased equity by 510,508,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs-5.71 Million	-0.1%
Dividends Paid	Rs800.00K	-0.01%
Other Comprehensive Income	Rs-519.60 Million	-9.23%
Other Changes	Rs510.51 Million	+9.07%
Total Change	Rs-	-0.28%

Book Value vs Market Value Analysis

This analysis compares Mirza International Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.90x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has increased from 0.55x to 0.90x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs65.10	Rs35.49	x
2006-03-31	Rs62.85	Rs35.49	x
2007-03-31	Rs67.92	Rs35.49	x
2008-03-31	Rs14.23	Rs35.49	x
2009-03-31	Rs12.76	Rs35.49	x
2010-03-31	Rs15.58	Rs35.49	x
2011-03-31	Rs19.26	Rs35.49	x
2012-03-31	Rs22.31	Rs35.49	x
2013-03-31	Rs27.11	Rs35.49	x
2014-03-31	Rs30.91	Rs35.49	x
2015-03-31	Rs33.71	Rs35.49	x
2016-03-31	Rs41.14	Rs35.49	x
2017-03-31	Rs41.86	Rs35.49	x
2018-03-31	Rs47.53	Rs35.49	x
2019-03-31	Rs50.84	Rs35.49	x
2020-03-31	Rs52.19	Rs35.49	x
2021-03-31	Rs53.05	Rs35.49	x
2022-03-31	Rs41.95	Rs35.49	x
2023-03-31	Rs38.60	Rs35.49	x
2024-03-31	Rs39.93	Rs35.49	x
2025-03-31	Rs41.41	Rs35.49	x
2026-03-31	Rs39.44	Rs35.49	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mirza International Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -0.10%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.11%
• Asset Turnover: 0.76x
• Equity Multiplier: 1.23x
Recent ROE (-0.10%) is below the historical average (11.07%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	25.82%	10.50%	1.06x	2.32x	Rs167.75 Million
2006	10.19%	4.95%	0.87x	2.35x	Rs2.18 Million
2007	13.94%	5.72%	1.02x	2.39x	Rs49.66 Million
2008	2.46%	1.03%	1.02x	2.34x	Rs-99.52 Million
2009	4.53%	1.48%	1.19x	2.56x	Rs-64.71 Million
2010	12.58%	4.80%	1.21x	2.16x	Rs37.31 Million
2011	22.32%	8.43%	1.24x	2.13x	Rs219.95 Million
2012	17.08%	6.34%	1.21x	2.22x	Rs146.31 Million
2013	17.29%	6.75%	1.27x	2.01x	Rs183.11 Million
2014	15.14%	6.13%	1.15x	2.15x	Rs147.15 Million
2015	16.37%	5.57%	1.40x	2.10x	Rs199.09 Million
2016	17.52%	8.44%	1.22x	1.70x	Rs335.28 Million
2017	14.14%	7.61%	1.22x	1.52x	Rs208.36 Million
2018	13.71%	8.07%	0.97x	1.75x	Rs212.40 Million
2019	7.98%	4.24%	1.03x	1.82x	Rs-123.75 Million
2020	7.60%	3.78%	1.00x	2.01x	Rs-150.82 Million
2021	1.31%	0.80%	0.90x	1.83x	Rs-554.80 Million
2022	17.13%	6.18%	0.98x	2.82x	Rs359.83 Million
2023	4.96%	4.05%	0.86x	1.42x	Rs-269.02 Million
2024	2.18%	1.91%	0.88x	1.30x	Rs-432.21 Million
2025	-0.63%	-0.61%	0.79x	1.30x	Rs-599.80 Million
2026	-0.10%	-0.11%	0.76x	1.23x	Rs-568.51 Million

Industry Comparison

This section compares Mirza International Limited's net assets metrics with peer companies in the Footwear & Accessories industry.

Industry Context

Industry: Footwear & Accessories
Average net assets among peers: $3,786,243,111
Average return on equity (ROE) among peers: 27.83%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mirza International Limited (MIRZAINT)	Rs5.63 Billion	25.82%	0.23x	$53.04 Million
Banaras Beads Limited (BANARBEADS)	$542.40 Million	5.07%	0.10x	$7.33 Million
Bata India Limited (BATAINDIA)	$13.24 Billion	12.00%	0.45x	$993.97 Million
Brand Concepts Limited (BCONCEPTS)	$8.66 Million	152.47%	26.90x	$22.45 Million
Bhartiya International Limited (BIL)	$3.88 Billion	16.14%	1.61x	$116.78 Million
Campus Activewear Limited (CAMPUS)	$2.85 Billion	21.62%	1.52x	$786.06 Million
Khadim India Limited (KHADIM)	$2.08 Billion	3.10%	2.14x	$21.64 Million
Liberty Shoes Limited (LIBERTSHOE)	$2.09 Billion	5.34%	1.22x	$49.68 Million
Redtape Limited (REDTAPE)	$4.77 Billion	29.82%	1.60x	$818.44 Million
Sreeleathers Limited (SREEL)	$4.62 Billion	4.88%	0.05x	$54.64 Million

About Mirza International Limited

NSE:MIRZAINT India Footwear & Accessories

Market Cap

$53.04 Million

Rs4.90 Billion INR

Market Cap Rank

#21626 Global

#1203 in India

Share Price

Rs35.49

Change (1 day)

+6.90%

52-Week Range

Rs25.05 - Rs42.54

All Time High

Rs370.50