ANALYST’S VIEW
- MIRZA INTERNATIONAL IS CONTRIBUTING ONLY 30% IN TOTAL REVENUE AND 20% IN TOTAL PAT OF COMPANY (BEFORE DEMERGER).
- AVERAGE VALUATION OF LEATHER BUSINESS INDUSTRY IS AROUNG 8-9 P.E. HOW MIRZA INTERNATIONAL IS GETTING A VALUATION OF 25.5 P.E DESPITE THERE IS NO REVENUE GROWTH IN LEATHER BUSINESS IN LAST 5 YEARS?
- AS PER ANALYSIS, EPS OF MIRZA INTERNATIONAL BUSINESS IS ONLY Rs.2.6 AND ON THE VALUATION OF P.E 12, FAIR VALUATION OF SHARE SHOULD BE RS.31.2. THERE IS A DOWNSIDE RISK OF 47% AT THE CMP OF RS.66.30.
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