Mirza International – consistent performer but undervalues at present?

Some of key possitives

1. Hdfc small cap fund a consistant buyer on every month.
   2 FTA trade with UAI, AUS many more countries
2. Govt keen to boost foorware & Leather exports
   China accounts 85% of global footware exports, India at mere 3%, Huge opportunity for India to export
3. PLI sheme for Footware
4. Mirza aggresively expanding offline sales with company owned branded outlets
   Could personally see the outlets being lauched
5. Promoter buying
6. Demerger on cards

Some risks factors

1. Q3 sales to be watched to be sure that the last few quarters sales growth is just not driven by pentup demand. Q2 already showed the real growth as per my personal opinion. Q3 to cement the same
2. Intense competetion from widely unorganised players, However Mirza scores high as it is a end to integrated player with tannery , Design, Manufacture and Marketting etc…
3. Europe demand slowdown.

Disclosure: Invested