Mirza International Limited is one of India’s leading footwear makers and exporters with nearly 40 years of experience, the company has built its position through integrated manufacturing and a strong portfolio of brands.
At starting of the day, the stock was up ~13% (₹42.8) after a +15% upper-circuit close yesterday at ₹37.88, putting it ~51% above its 52-week low. Traders flagged strong follow-through buying and a pickup in volumes.
Why the sudden interest:
- Earnings turn-around signal: Q1 FY26 (June quarter) showed a profit jump to approx ₹17.8 crore, with operating margin above 16%. Several data providers show big swings in profitability.
- Corporate developments: The company disclosed steps to sharpen its overseas reach (including acquiring Genesis Brands Inc., USA earlier this quarter), which the street reads as a push to strengthen exports/distribution.
- Seasonality/technicals: Historical seasonality indicates September has skewed positive for Mirza, once momentum kicks in, small-cap footwear names can run on technicals.
Things to keep in mind:
- Small-cap liquidity: Quick two-day spikes can reverse just as fast, SME names are sensitive to flows.
- Input & FX risk: Leather/chemicals and forex swings can compress margins in export-heavy quarters.
- Brand/competition: Mirza competes in a crowded footwear market (Relaxo, Bata, Campus, Metro, RedTape, etc.).
Mirza International manufactures and exports leather footwear and allied products, and also trades footwear/apparel through multiple brands. Investor materials show long operating history, integrated manufacturing, and exports, with quarterly/annual reports accessible on the company site.
Today’s rise seems driven by quick buying and better earnings. For the stock to hold its gains, the company will need steady margins, stronger exports, and a healthy balance sheet over the next few quarters.
