Synopsis:
The shares of Mirza International reacted strongly after it acquired a wholly owned subsidiary in the USA.
The shares of this manufacturer and exporter of finished leather are in focus after the company has entered the US market by acquiring a new wholly owned subsidiary. In this article, we will dive deep into the details.
With a market capitalization of Rs 483 crores, the shares of Mirza International Ltd are currently trading at Rs 35 per share, representing a 28.42 percent decline from its 52-week high of Rs 48.90 per share. Over the past five years, the stock has delivered a negative return of 31.72 percent.
On July 7, 2025, Mirza International, through a stock exchange filing, announced that the company has acquired a new 100 percent Wholly Owned Subsidiary named “Genesis Brands Inc.” in the United States of America (USA).
The subsidiary is established to tap into the footwear industry and to carry on the retail marketing and e-commerce business of footwear. The company started the subsidiary by infusing $1,000 (Rs 86,000).
The company derives 50.34 percent of its revenue from the UK region, followed by the US with 18.97 percent, India with 15.48 percent, and other regions with 15.21 percent. However, it is to be noted that the exports for leather and leather products have been declining over the last three years.
Financial Highlights
The company reported a revenue of Rs 581 crore in FY25, down by 7.78 percent from its FY24 revenue of Rs 630 crores. Additionally, the company reported a net loss of Rs 3 crores in FY25 as compared to a profit of Rs 12 crores. It is to be noted that the company was continuously reporting profits from 2017 to 2024.
Mirza International Limited, which was previously called Mirza Tanners Ltd., is a company that manufactures and exports leather footwear. It operates in India, the UK, the US, and other international markets.
The company provides a variety of products, such as leather shoes, boots, sandals, and casual heels for men and women. Its brands include Thomas Crick, Off The Hook London, and Oaktrak. The company sells its products through its own stores, third-party retailers, and online platforms..
Written by Satyajeet Mukherjee
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