Multibagger alert: This smallcap footwear company delivered 4x returns to its investors in the last two years!

Multibagger alert: This smallcap footwear company delivered 4x returns to its investors in the last two years!

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-08-01T12:19:48+05:30

The company’s global footprint spans 28 countries over five continents.

Mirza International Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 47.50 on 03 August 2020 to Rs 248.10 on 29 July 2022, an increase of 422.32%.

  • An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 5.22 lakh today.

  • An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 3.95 lakh today.

Set up in 1979, Mirza International is India’s leading manufacturer and marketer of leather footwear and finished leather. Apart from supplying products to global retailers, Mirza also has global in-house brands - Red Tape and Oaktrak - in its portfolio. The company’s global footprint spans 28 countries over five continents.

In FY22, on a consolidated basis, the company’s topline increased by 60% YoY to Rs 1684.39 crore. Similarly, the bottom line jumped by a stellar 1247% YoY to Rs 112.94 crore.

The company is currently trading at a TTM PE of 26.45x, as against the industry PE of 80.76x. In FY22, the company delivered an ROE & ROCE of 14.87% and 23.29%, respectively.

Today, the scrip opened at Rs 244.45 and has touched a high and low of Rs 254.75 and Rs 244.45, respectively. So far 21,312 shares have been traded on the bourses.

At 12.10 pm, the shares of Mirza International Ltd were trading at Rs 253, an increase of 1.98% from the previous day’s closing price of Rs 248.10 on BSE. The stock has a 52-week high & low of Rs 283 and Rs 53.5, respectively on BSE.

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