Is Mini Diamonds (India) Ltd (523373) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mini Diamonds (India) Ltd is a below average quality company .

Is Mini Diamonds (India) Ltd (523373) undervalued or overvalued?

The key valuation ratios of Mini Diamonds (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Mini Diamonds (India) Ltd (523373) share price return in the past 10 years?

Mini Diamonds (India) Ltd share price has appreciated 35.1% annually (CAGR) over the past ten years.

Is Mini Diamonds (India) Ltd (523373) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mini Diamonds (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Mini Diamonds (India) Ltd (523373)?

Company share prices are keep on changing according to the market conditions. The current trading price of Mini Diamonds (India) Ltd (523373) on 17-Apr-2026 16:59:59 at 16:59 is 19.40.

What is the P/E ratio of Mini Diamonds (India)?

The latest standalone P/E ratio of Mini Diamonds (India) as of 17-Apr-2026 is 46.70.

What is the P/B ratio of Mini Diamonds (India) Ltd (523373)?

The latest standalone P/B ratio of Mini Diamonds (India) Ltd (523373) as of 17-Apr-2026 is 3.52.

What is the 52-week high and low of Mini Diamonds (India) Ltd (523373)?

The 52-week high of Mini Diamonds (India) Ltd (523373) is Rs. 43.60 and the 52-week low is Rs. 14.50.

Mini Diamonds (India) Ltd (523373) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: Mini Diamonds (India) Ltd (523373)
Brand: Mini Diamonds (India)

Mini Diamonds (India) Ltd (523373) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Mini Diamonds (India) Ltd (523373)

BSE: 523373 NSE:

Key Metrics

Market Cap

₹241 Cr.

P/E Ratio

46.70

Price to Book (P/B)

3.52

Price to Sales (P/S)

0.47

EV/EBITDA

24.09

Return on Capital Employed (ROCE)

12.67%

Current Price

₹19.4

Return on Equity (ROE)

9.62%

Return on Assets (ROA)

1.78%

Operating Profit Margin

1.8%

Net Profit Margin

0.85%

Gross Profit Margin

1.8%

Book Value per Share

₹5.8

Sales Growth (YoY)

65.15%

Sales Growth (3 Years)

64.76%

Operating Profit Growth (1 Year)

190.32%

Operating Profit Growth (3 Years)

195.16%

Net Profit Growth (1 Year)

60%

52-Week Low / High

₹15 / 44

Net Profit Growth (3 Years)

-94.56%

Dividend Yield

0.00%

Promoter Holding

3.02%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Mini Diamonds (India) Ltd?

Mini Diamonds (India) Ltd revenue growth is 65.2% for FY-2025 , which is above its 5 year CAGR of 48.4% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Mini Diamonds (India) Ltd?

Promoters hold 3.02% of the Mini Diamonds (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Mini Diamonds (India) Ltd vs industry peers?

Mini Diamonds (India) Ltd revenue CAGR is 48.38% , compared to the industry median CAGR of 5.39% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Mini Diamonds (India) Ltd belong to?

Mini Diamonds (India) Ltd belongs to the Consumer Durables sector, operating specifically within the Diamond & Jewellery segment.

Q.1 Stock return of Mini Diamonds (India) Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 35.1% based on the current price.

DeciZen - make an informed investing decision on Mini Diamonds (I)

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation ⓘ

3. Price Trend

Mini Diamonds (India) stock performance

Key Ratios

Is Mini Diamonds (India) Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	12.2%	9.8%	8.2%	1.7%	-4.3%	1.2%	2.3%	4.9%	10.1%	12.7%	-
Value Creation Index ⓘ	-0.1	-0.3	-0.4	-0.9	-1.3	-0.9	-0.8	-0.7	-0.3	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	129	128	122	111	56.4	21.3	90.7	170	246	406	513
Sales YoY Gr.	-	-1.3%	-4.3%	-8.9%	-49.4%	-62.3%	326.1%	86.9%	44.9%	65.2%	-
Adj EPS ⓘ	0.3	0.2	0.2	-0.5	-0.6	0.4	0.1	0.3	1.2	0.4	0.4
YoY Gr.	-	-40%	0%	-372.2%	NA	NA	-65.7%	175%	263.6%	-68.3%	-
BVPS (₹) ⓘ	3.3	4.2	4.4	3.7	3.2	3.3	3.3	3.7	4.9	5.3	5.8
Adj Net Profit ⓘ	0.5	0.3	0.3	-0.9	-1	0.6	0.2	0.6	2.2	4.5	5
Cash Flow from Ops. ⓘ	-1	-5.4	5.1	7.5	4.7	2.1	2.7	-6.9	-0.1	-37.6	-
Debt/CF from Ops. ⓘ	-17.6	-4.5	4.1	1.7	1.7	2.7	1.4	-1.9	-122.1	-0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.5%	48.4%	64.8%	65.2%
Adj EPS ⓘ	2.7%	NA	46.9%	-68.3%
BVPSⓘ	5.5%	11%	17%	9.7%
Share Price	35.1%	71.4%	71.4%	-36.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	9.5	4.8	4.3	-12.2	-16.2	11	3.5	9.4	28.7	12.7	7.9
Op. Profit Mgn % ⓘ	2.1	2.2	2.1	0.8	-1.1	4.1	0.3	0.7	1	1.8	1.8
Net Profit Mgn % ⓘ	0.4	0.2	0.3	-0.8	-1.7	2.9	0.2	0.3	0.9	1.1	1
Debt to Equity ⓘ	3	3.4	2.7	2	1.5	1	0.7	2.1	1.7	0	-
Working Cap Days ⓘ	289	307	323	356	479	937	288	227	217	170	79
Cash Conv. Cycle ⓘ	33	56	109	94	27	346	17	23	28	34	24

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	0.4	0.4
TTM Sales (₹ Cr.)	513	514
BVPS (₹) ⓘ	5.8	5.8
Reserves (₹ Cr.) ⓘ	45	44
P/BV ⓘ	3.52	3.55
PE ⓘ	46.70	53.73

From the Market
52 Week Low / High (₹)	14.50 / 43.60
All Time Low / High (₹)	0.15 / 46.60
Market Cap (₹ Cr.)	241
Equity (₹ Cr.)	23.6
Face Value (₹)	2
Industry PE ⓘ	61.8

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Mini Diamonds (I) - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	129	128	122	111	56	21	91	170	246	406
Operating Expenses ⓘ +	127	125	120	111	57	21	90	168	243	398
Manufacturing Costs	2	5	5	3	1	1	1	3	4	7
Material Costs	120	118	113	106	52	19	88	164	237	389
Employee Cost	0	0	0	0	0	0	0	0	1	0
Other Costs ⓘ	4	2	1	1	4	1	1	1	1	2
Operating Profit ⓘ	3	3	3	0	-1	0	0	1	2	7
Operating Profit Margin (%)	2.1%	2.2%	2.1%	0.4%	-1.1%	1.0%	0.3%	0.7%	1.0%	1.8%
Other Income ⓘ +	0	0	0	0	0	0	0	0	0	0
Exceptional Items ⓘ	0	0	-0	0	0	0	0	0	0	-2
Interest ⓘ	2	2	2	2	0	0	0	0	0	0
Depreciation ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	1	0	0	-2	-1	0	0	1	2	5
Tax ⓘ	0	0	0	-0	0	0	0	-0	-0	2
Profit After Tax	1	0	0	-1	-1	0	0	1	2	3
PAT Margin (%)	0.4%	0.2%	0.3%	-1.0%	-1.7%	0.7%	0.2%	0.3%	0.9%	0.9%
Adjusted EPS (₹)	0.3	0.2	0.2	-0.7	-0.6	0.1	0.1	0.3	1.2	0.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	6	7	8	6	5	6	6	6	9	63
Share Capital ⓘ	3	3	3	3	3	3	3	3	4	24
Reserves ⓘ	2	4	4	3	2	2	2	3	5	39
Debt +	17	24	21	13	8	6	4	13	15	2
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	17	24	21	13	8	6	4	13	15	2
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	97	54	90	68	42	39	80	99	150	137
Others Liabilities ⓘ	7	8	11	4	3	2	2	4	3	7
Total Liabilities ⓘ	126	94	129	92	58	52	92	123	176	209
Fixed Assets
Net Fixed Assets ⓘ +	1	3	3	0	0	0	1	3	2	2
Gross Block	2	4	4	2	2	2	2	5	4	5
Accumulated Depreciation	1	1	1	1	1	1	2	2	2	3
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	40	14	43	20	1	8	26	22	20	37
Trade Receivables	71	76	83	70	54	40	59	94	146	154
Cash Equivalents	0	0	0	0	0	0	0	0	2	2
Others Assets ⓘ	14	0	1	0	2	4	6	4	6	13
Total Assets ⓘ	126	94	129	92	58	52	92	123	176	209

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-1	-5	5	8	5	2	3	-7	-0	-38
PBT ⓘ	1	0	0	-2	-1	0	0	1	2	5
Adjustment ⓘ	2	2	2	2	0	0	0	1	0	0
Changes in Working Capital ⓘ	-3	-8	3	7	5	2	3	-8	-3	-41
Tax Paid ⓘ	-0	-0	-0	-0	0	0	0	0	0	-2
Cash Flow From Investing Activity ⓘ +	0	-0	0	2	0	0	-0	-3	0	0
Capex	-0	-0	-0	2	0	0	-0	-3	0	-0
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	-0	0	0	0
Cash Flow From Financing Activity ⓘ +	1	6	-5	-10	-5	-2	-2	9	2	38
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	51
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-2	-2	-2	-2	-0	-0	-0	-0	0	-0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	3	7	-4	-8	-5	-2	-2	9	1	-12
Net Cash Flow ⓘ	0	0	-0	0	-0	-0	0	-0	2	1

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	9.45	4.8	4.09	-16.6	-16.23	2.55	3.73	9.35	28.67	9.62
ROCE (%)	12.16	9.78	8.18	1.72	-4.28	1.21	2.25	4.89	10.07	12.67
Asset Turnover Ratio	1.25	1.16	1.1	1.01	0.76	0.39	1.26	1.58	1.64	2.11
PAT to CFO Conversion(x)	-1	N/A	N/A	N/A	N/A	N/A	N/A	-7	-0	-12.67
Working Capital Days
Receivable Days	156	209	237	252	403	812	200	165	179	135
Inventory Days	96	77	85	102	67	72	67	51	31	26
Payable Days	229	234	233	272	388	788	246	200	191	135

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Announcements

Mini Diamonds (India) Ltd FAQs

The current trading price of Mini Diamonds (I) on 17-Apr-2026 16:59 is ₹19.40.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Mini Diamonds (I) stood at ₹241.0 Cr

The latest P/E ratio of Mini Diamonds (I) as of 16-Apr-2026 is 46.70.

The latest P/B ratio of Mini Diamonds (I) as of 16-Apr-2026 is 3.52.

The 52-week high of Mini Diamonds (I) is ₹43.60 and the 52-week low is ₹14.50.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mini Diamonds (I) is ₹513 ( Cr.) .

About Mini Diamonds (India) Ltd

Mini Diamonds (India) was incorporated on February 12, 1987. The main objects of the company is to process latest semi-automatic spinning mills for polishing diamonds & also computerized laser machine for sawing, crafting & cleaving. The company plans to meet its balance requirement of plant & machinery through import & indigenous sources.

The export of diamonds from India, has over a period of last ten years, multiplied by almost ten times. Mini Diamonds has plans to buy large size quality diamond â€˜roughâ€™ that can yield a good number of large stones fetching a remunerative price in the international markets.

The company intends to expand its capacity for cutting & polishing of diamonds from the present level of 15,000 carats. It also intends to set up an export oriented jewellery manufacturing unit at Seepz in Mumbai.

The registered office of the company is located at 7- A, Nusser House, Ground Floor, opposite Panchratna Building, Opera House Mumbai 400004 .

Product of the company

Cut & Polished Diamonds
Rough Diamonds

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● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Mini Diamonds (India) Ltd (523373) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Mini Diamonds (I) Share Price