Mirza International Limited is an exporter of finished leather. Founded in 1979, the company also produces and sells footwear. It sells its diverse range of products under the popular brand names of Red Tape and and Oaktrak.
The market capitalisation of the company is over ₹790 crore as of January 12, 2024. Mirza International share price has shown almost no considerable movement after three years, down by 0.26% as of January 12, 2024.
Business operations
Mirza International’s business operations are organised into three divisions. The tannery division is responsible for the production of finished leather using raw hides, and wet blue and crust materials. The shoe division focuses on crafting high-quality finished leather shoes. The company also has a garments division that engages in the trade of these products to diversify its offerings beyond footwear.
Mirza International holds a dominant position as one of India's leading manufacturers and exporters of leather footwear. It has a global reach spanning 28 countries across six continents.
The Thomas Crick brand has successfully secured a presence in the niche markets of the United Kingdom. The company has recently entered the B2C space, introducing the trendy and fashion-forward Off The Hook brand. This new brand has gained popularity and success in the UK, with strategic partnerships established with prominent marketplaces like Debenhams, ASOS, and Next to facilitate distribution throughout the UK and EU.
Mirza International has two dedicated design studios with a team of 40 designers. The company produces 5,000 unique designs annually. Its infrastructure covers 3 million square feet and six integrated manufacturing facilities. This enables Mirza International to achieve an annual footwear manufacturing capacity of 6.4 million pairs.
The production of leather footwear is carried out at the company's four integrated manufacturing facilities. These facilities are strategically situated across Unnao, Noida and Greater Noida in Uttar Pradesh. These plants are backed by over 25 dedicated ancillary units.
Mirza International has established a strong presence in the retail landscape through its omnichannel retailing strategy. The company operates 200 exclusive brand outlets and collaborates with over 1,000 multi-brand outlets and chain stores across 99 cities.
Mirza International also partners with e-commerce platforms such as Amazon, Myntra, Flipkart, Jabong, Paytm, Tata Cliq and Snapdeal. It runs an e-commerce division based in Noida and operates two warehouses strategically positioned in the well-connected cities of Mumbai and Bengaluru. These warehouses enhance product flow, delivery speed and overall consumer-centric services.
In the financial year 2023, the company proposes the amalgamation of RTS Fashions Private Limited, the holding company of Mirza UK Limited with Mirza International Limited. There was also a demerger of the domestic business of Mirza International Limited into an entity named Redtape Limited. The arrangement involving these three entities received approval from the National Company Law Tribunal in February 2023.
Mirza Intl Financial Highlights
- Revenue: Mirza Intl reported revenue of ₹529.46 crore in FY26 vs ₹582.75 crore in FY25. It showed a decrease of 9.14% on a yearly basis.
- Operating Profit: Mirza Intl reported an operating loss of ₹0.07 crore in FY26 vs ₹3.55 crore in FY25. It showed an increase of 98.03% on a year-on-year basis.
- Net Profit: Mirza Intl reported a net loss of ₹0.57 crore in FY26 vs ₹3.54 crore in FY25. It showed an increase of 83.90% on a yearly basis.
Mirza Intl Quarterly Result Highlights
- Mirza Intl reported revenue of ₹129.03 crore in Jun 2026, compared with ₹103.45 crore in Mar 2026, representing an increase of 24.73% on a quarter-on-quarter (QoQ) basis.
- Mirza Intl reported an operating loss of ₹4.44 crore in Jun 2026, compared with ₹14.72 crore in Mar 2026, representing an increase of 69.84% on a quarter-on-quarter (QoQ) basis.
- Mirza Intl reported a loss of ₹4.07 crore in Jun 2026, compared with ₹13.22 crore in Mar 2026, reflecting an increase of 69.21% on a QoQ basis.
- The earnings per share (EPS) of Mirza Intl stood at ₹0.04 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
