Mirza International Limited (MIRZAINT.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-9.4%

₹24.82

vs ₹27.40 price

Levered DCF

₹6.34

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-626.25×	-109×	51.61×	18.25×	3.02×	8.93×	1.25×	1.88×
P/B	0.64×	0.68×	1.12×	0.9×	0.52×	0.12×	0.1×	0.15×
P/S	0.68×	0.66×	0.99×	0.74×	0.19×	0.07×	0.05×	0.08×
EV / EBITDA	8.92×	11.16×	11.36×	7.29×	2.36×	3.06×	2.88×	2.96×
Gross margin	17.9%	41.1%	40.0%	42.1%	52.5%	43.9%	44.2%	42.7%
Operating margin	-2.5%	26.3%	3.5%	29.8%	8.5%	35.3%	8.6%	9.4%
Net margin	-0.1%	-0.6%	1.9%	4.0%	6.2%	0.8%	3.8%	4.2%
Current ratio	3.67×	2.3×	2.35×	2.25×	1.84×	1.89×	1.53×	1.56×
Debt / equity	0.04×	0.1×	0.08×	0.1×	0.41×	0.47×	0.72×	0.55×
Interest coverage	-1.7×	14.46×	1.87×	19.86×	5.1×	9.02×	2.38×	3.15×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	43.2%	11.6%
Payout ratio	-14.0%	-2.8%	0.5%	0.2%	0.1%	0.0%	54.2%	21.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-0.1%	-0.6%	2.2%	5.0%	17.1%	1.3%	7.6%	8.0%
Return on invested capital	-2.1%	23.6%	2.6%	23.2%	10.5%	25.3%	7.1%	6.9%
Return on assets	-0.1%	-0.5%	1.7%	3.5%	6.1%	0.7%	3.8%	4.4%
Free cash flow yield	5.5%	-4.8%	2.6%	-1.5%	41.1%	254.7%	264.5%	-39.7%
Earnings yield	-0.2%	-0.9%	1.9%	5.5%	33.1%	11.3%	79.6%	53.1%
Enterprise value	₹3.5B	₹4.2B	₹6.4B	₹5.2B	₹4.5B	₹3.7B	₹5B	₹4.2B
Net debt / EBITDA	-0.3×	0.9×	0.4×	0.54×	1×	2.44×	2.54×	2.31×
Cash conversion cycle (days)	118	140	121	113	35	224	210	250