WEBSITE BSE:522235 NSE: MINAL IND Inc. Year: 1988 Industry: Diamond & Jewellery
Last updated: 11:15
Minal Industries Limited, incorporated on January 11, 1988, is a public limited company listed on the stock exchanges and based in Mumbai, Maharashtra. With an authorized share capital of INR 63.00 cr and a paid-up capital of INR 38.38 cr, the company has established itself in the manufacturing sector, specifically in the production of machinery and equipment. The company’s registered office is located at 603-1 Minal Co-op HSG SO LTD, off Sakivihar Road, Andheri-East, Mumbai. Over the years, Minal Industries Limited has diversified its o...Read More
Minal Industries Limited, incorporated on January 11, 1988, is a public limited company listed on the stock exchanges and based in Mumbai, Maharashtra. With an authorized share capital of INR 63.00 cr and a paid-up capital of INR 38.38 cr, the company has established itself in the manufacturing sector, specifically in the production of machinery and equipment. The company’s registered office is located at 603-1 Minal Co-op HSG SO LTD, off Sakivihar Road, Andheri-East, Mumbai. Over the years, Minal Industries Limited has diversified its operations and is now engaged in the manufacturing and export of diamond-studded gold and silver articles of various designs and specifications. Its geographical segments include India and markets outside India, indicating a broad and international clientele. The current directors of Minal Industries Limited include Shrikant Jesinglal Parikh and Shankar Prasad Bhagat, among others, who are steering the company towards growth and innovation. ...Read Less
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Market Cap ₹45 Cr.
Stock P/E 10.8
P/B 0.9
Current Price ₹2.4
Book Value ₹ 2.7
Face Value 2
52W High ₹5.6
Dividend Yield 0%
52W Low ₹ 1.9
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 5 | 15 | 13 | 12 | 11 | 9 | 19 | 10 | 9 | 9 |
| Other Income | 0 | -1 | 2 | 0 | 0 | 1 | -0 | 0 | 1 | 0 |
| Total Income | 5 | 14 | 14 | 12 | 11 | 10 | 19 | 10 | 9 | 9 |
| Total Expenditure | 9 | 8 | 12 | 12 | 11 | 10 | 15 | 9 | 10 | 10 |
| Operating Profit | -4 | 6 | 2 | 1 | 0 | -0 | 4 | 1 | -1 | -1 |
| Interest | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | -4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -4 | 6 | -2 | 1 | 0 | -0 | 4 | 1 | -1 | -1 |
| Provision for Tax | 0 | -0 | 0 | 0 | -0 | -0 | -0 | 0 | -0 | 0 |
| Profit After Tax | -4 | 6 | -2 | 0 | 0 | -0 | 4 | 1 | -1 | -1 |
| Adjustments | 2 | -3 | -1 | -0 | -1 | -1 | -1 | -0 | 0 | 0 |
| Profit After Adjustments | -2 | 3 | -3 | 0 | -0 | -1 | 2 | 1 | -0 | -1 |
| Adjusted Earnings Per Share | -0.1 | 0.2 | -0.1 | 0 | -0 | -0 | 0.1 | 0 | -0 | -0 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 16 | 0 | 4 | 0 | 41 | 38 | 14 | 28 | 27 | 38 | 51 | 47 |
| Other Income | 0 | 0 | 0 | 8 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 |
| Total Income | 16 | 0 | 4 | 8 | 42 | 40 | 15 | 31 | 29 | 40 | 52 | 47 |
| Total Expenditure | 16 | 1 | 7 | 17 | 42 | 48 | 19 | 28 | 27 | 37 | 47 | 44 |
| Operating Profit | 0 | -0 | -3 | -9 | 0 | -8 | -4 | 2 | 2 | 3 | 5 | 3 |
| Interest | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | -1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | -4 | 0 | 0 |
| Profit Before Tax | 0 | -0 | -3 | -9 | 1 | -7 | -5 | 1 | -0 | -2 | 4 | 3 |
| Provision for Tax | 0 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Tax | -0 | -0 | -3 | -9 | 0 | -7 | -5 | 1 | -0 | -2 | 4 | 3 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | 2 | 3 | -0 | 1 | -1 | -3 | -1 |
| Profit After Adjustments | -0 | -0 | -3 | -9 | 0 | -5 | -2 | 0 | 0 | -3 | 2 | 2 |
| Adjusted Earnings Per Share | -0 | -0 | -0.2 | -0.5 | 0 | -0.3 | -0.1 | 0 | 0 | -0.1 | 0.1 | 0.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 34% | 22% | 6% | 12% |
| Operating Profit CAGR | 67% | 36% | 0% | 0% |
| PAT CAGR | 0% | 59% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -40% | NA% | NA% | 17% |
| ROE Average | 8% | 1% | -1% | -3% |
| ROCE Average | 7% | 2% | 0% | -2% |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 100 | 102 | 100 | 93 | 60 | 55 | 53 | 54 | 55 | 53 | 53 |
| Minority's Interest | 0 | 0 | 0 | 0 | 12 | 10 | 7 | 7 | 7 | 8 | 10 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 7 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 2 | 1 | 1 |
| Total Current Liabilities | 467 | 510 | 531 | 9 | 31 | 22 | 22 | 10 | 21 | 19 | 13 |
| Total Liabilities | 567 | 613 | 632 | 102 | 104 | 89 | 83 | 73 | 84 | 91 | 85 |
| Fixed Assets | 1 | 1 | 1 | 1 | 4 | 6 | 5 | 4 | 4 | 4 | 4 |
| Other Non-Current Assets | 26 | 21 | 21 | 12 | 0 | 2 | 8 | 4 | 4 | 3 | 3 |
| Total Current Assets | 539 | 590 | 609 | 89 | 99 | 81 | 70 | 64 | 76 | 84 | 79 |
| Total Assets | 567 | 613 | 632 | 102 | 104 | 89 | 83 | 73 | 84 | 91 | 85 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 0 | 0 | 3 | 6 | 0 | 1 | 1 | 0 | 0 |
| Cash Flow from Operating Activities | -2 | -8 | -1 | -10 | 2 | -3 | 5 | -17 | -2 | -1 | 4 |
| Cash Flow from Investing Activities | -0 | 5 | 0 | 9 | -0 | 0 | -6 | 30 | 1 | 1 | 0 |
| Cash Flow from Financing Activities | 2 | 3 | 1 | 2 | 1 | -2 | 2 | -13 | 1 | 0 | -4 |
| Net Cash Inflow / Outflow | -0 | -0 | -0 | -0 | 2 | -5 | 1 | -1 | -0 | -0 | 1 |
| Closing Cash & Cash Equivalent | 1 | 0 | 0 | 0 | 6 | 0 | 1 | 1 | 0 | 0 | 1 |
| # | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0 | -0.02 | -0.16 | -0.47 | 0 | -0.27 | -0.11 | 0.02 | 0.02 | -0.15 | 0.08 |
| CEPS(Rs) | 0 | -0.02 | -0.15 | -0.47 | -0.03 | -0.35 | -0.21 | 0.07 | 0.02 | -0.08 | 0.25 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 5.2 | 5.33 | 5.23 | 4.85 | 3.13 | 2.88 | 2.76 | 2.79 | 2.85 | 2.78 | 2.77 |
| Core EBITDA Margin(%) | 0.46 | -639.54 | -74.23 | 0 | -2.75 | -24.6 | -38.63 | -0.56 | -0.92 | 2.11 | 7.56 |
| EBIT Margin(%) | 0.12 | -427.75 | -77.7 | 0 | 2.89 | -18.19 | -34.86 | 4.98 | 5.26 | -3.93 | 8.52 |
| Pre Tax Margin(%) | 0.08 | -445.36 | -78.18 | 0 | 1.63 | -19.37 | -36.76 | 3.52 | -1.09 | -4.45 | 8.18 |
| PAT Margin (%) | -0.23 | -460.88 | -76.63 | 0 | 0.81 | -19.27 | -34.12 | 2.35 | -1.15 | -5.49 | 8.24 |
| Cash Profit Margin (%) | 0.18 | -405.04 | -72.98 | 0 | -1.31 | -17.24 | -28.74 | 4.95 | 1.39 | -4.1 | 9.31 |
| ROA(%) | -0.01 | -0.07 | -0.5 | -2.48 | 0.32 | -7.7 | -5.55 | 0.85 | -0.39 | -2.37 | 4.78 |
| ROE(%) | -0.04 | -0.38 | -3.05 | -9.42 | 0.43 | -12.87 | -8.83 | 1.24 | -0.57 | -3.84 | 7.9 |
| ROCE(%) | 0.02 | -0.35 | -3.08 | -9.33 | 1.35 | -9.03 | -6.68 | 2.1 | 2.21 | -2.26 | 6.89 |
| Receivable days | 0 | 0 | 0 | 0 | 365.97 | 185.15 | 256.56 | 118.22 | 146.35 | 114.72 | 137.77 |
| Inventory Days | 665.6 | 0 | 2002.96 | 0 | 359.66 | 616.24 | 1626.29 | 707.54 | 759.99 | 616.7 | 417.13 |
| Payable days | 0 | 0 | 0 | 0 | 112.54 | 57.62 | 70.81 | 44.93 | 127.87 | 201.3 | 145.67 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42.08 |
| Price/Book(x) | 0.4 | 0.45 | 0.23 | 0.1 | 0 | 0 | 0 | 0 | 0 | 1.63 | 1.2 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 2.43 | 546.45 | 5.72 | 615.4 | 1.32 | 1.48 | 3.99 | 1.62 | 1.82 | 2.62 | 1.38 |
| EV/Core EBITDA(x) | 453.57 | -146.93 | -7.73 | -1.01 | 171.25 | -7.01 | -13.54 | 21.43 | 23.34 | 31.74 | 14.34 |
| Net Sales Growth(%) | -85.37 | -99.48 | 4696.28 | -99.63 | 0 | -5.19 | -63.62 | 101.64 | -5.09 | 41.23 | 35.06 |
| EBIT Growth(%) | -90.42 | -1916.2 | -771.18 | -188.99 | 112.94 | -696.81 | 30.26 | 128.78 | 0.36 | -205.57 | 392.69 |
| PAT Growth(%) | -151.28 | -934.32 | -697.47 | -194.7 | 103.61 | -2352.9 | 35.57 | 113.89 | -146.41 | -574.72 | 302.52 |
| EPS Growth(%) | -119.21 | -933.78 | -698.02 | -194.65 | 100.68 | -8260.8 | 59.06 | 119.6 | -20.66 | -971.6 | 153.56 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0.35 | 0.34 | 0.36 | 0.15 | 0.2 | 0.23 | 0.14 |
| Current Ratio(x) | 1.16 | 1.16 | 1.15 | 9.9 | 3.15 | 3.66 | 3.21 | 6.22 | 3.57 | 4.49 | 5.88 |
| Quick Ratio(x) | 1.11 | 1.11 | 1.11 | 8.28 | 1.07 | 0.76 | 0.46 | 1.46 | 0.63 | 1 | 2.03 |
| Interest Cover(x) | 3.21 | -24.29 | -160.51 | -824.87 | 2.3 | -15.35 | -18.37 | 3.41 | 0.83 | -7.57 | 24.97 |
| Total Debt/Mcap(x) | 0.01 | 0.01 | 0.02 | 0.04 | 0 | 0 | 0 | 0 | 0 | 0.14 | 0.12 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 59.74 | 59.42 | 40.63 | 40.63 | 40.63 | 40.63 | 40.63 | 40.63 | 40.63 | 40.63 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 40.26 | 40.58 | 59.37 | 59.37 | 59.37 | 59.37 | 59.37 | 59.37 | 59.37 | 59.37 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 11.46 | 11.4 | 7.8 | 7.8 | 7.8 | 7.8 | 7.8 | 7.8 | 7.8 | 7.8 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 7.73 | 7.79 | 11.39 | 11.39 | 11.39 | 11.39 | 11.39 | 11.39 | 11.39 | 11.39 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19.19 | 19.19 | 19.19 | 19.19 | 19.19 | 19.19 | 19.19 | 19.19 | 19.19 | 19.19 |
* The pros and cons are machine generated.
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