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Mini Diamonds (India) Ltd (523373)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523373 NSE: Diamond & Jewellery | Small Cap | Mini Diamonds (I) Share Price

₹14.15 0.14 (1.00%)

As on 08-Jun'26 16:59

Mini Diamonds (India) Ltd (523373)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523373 NSE: Diamond & Jewellery | Small Cap | Mini Diamonds (I) Share Price

₹14.15 0.14 (1.00%)

As on 08-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹167 Cr.
Current Price
₹14.2
52-Week Low / High
₹14 / 44
TTM EPS
₹0.1
TTM Sales
₹568 Cr.
Book Value per Share
₹5.5
P/E Ratio
103.83
Higher than its 5-year historical median
Industry PE
51.3
Price to Book (P/B)
2.59
Higher than its 5-year historical median
Price to Sales (P/S)
0.29
Higher than its 5-year historical median
EV/EBITDA
63.47
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
9.62%
Outperforms industry median
Return on Capital Employed (ROCE)
12.67%
Outperforms industry median
Return on Assets (ROA)
1.78%
Operating Profit Margin
1.8%
Net Profit Margin
0.85%
Gross Profit Margin
1.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
65.15%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
190.32%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
60%
Asset Quality
Promoter Holding
3.14%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹42 Cr.
Equity
₹23.6 Cr.
Face Value
₹2
All Time Low / High
₹0.15 / 46.60

Mini Diamonds (India) stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 Is Mini Diamonds (India) Ltd a good quality company?
Mini Diamonds (India) Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Mini Diamonds (India) Ltd performance compare with that of its Peers?
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 3.81%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Mini Diamonds (India) Ltd?
Promoters hold 3.14% of the Mini Diamonds (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
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 33.6% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mini Diamonds (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
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

Sales 12912812211156.421.390.7170246406568
Sales YoY Gr.--1.3%-4.3%-8.9%-49.4%-62.3%326.1%86.9%44.9%65.2%-
Adj EPS 0.30.20.2-0.5-0.60.40.10.31.20.40.1
YoY Gr.--40%0%-372.2%NANA-65.7%175%263.6%-68.3%-
BVPS (₹) 3.34.24.43.73.23.33.33.74.95.35.5
Adj Net
Profit
0.50.30.3-0.9-10.60.20.62.24.52
Cash Flow from Ops. -1-5.45.17.54.72.12.7-6.9-0.1-37.6-
Debt/CF from Ops. -17.6-4.54.11.71.72.71.4-1.9-122.1-0.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.5%48.4%64.8%65.2%
Adj EPS 2.7%NA46.9%-68.3%
BVPS5.5%11%17%9.7%
Share Price 33.5% 61% 57.2% -64.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.54.84.3-12.2-16.2113.59.428.712.72.6
Op. Profit
Mgn %
2.12.22.10.8-1.14.10.30.711.80.4
Net Profit
Mgn %
0.40.20.3-0.8-1.72.90.20.30.91.10.3
Debt to
Equity
33.42.721.510.72.11.700
Working Cap
Days
28930732335647993728822721717074
Cash Conv.
Cycle
335610994273461723283419

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales129128122111562191170246406
Operating Expenses + 127125120111572190168243398
Manufacturing Costs2553111347
Material Costs120118113106521988164237389
Employee Cost 0000000010
Other Costs 4211411112
Operating Profit 3330-100127
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 + 0000000000
Exceptional Items 00-0000000-2
Interest 2222000000
Depreciation 0000000000
Profit Before Tax 100-2-100125
Tax 000-0000-0-02
Profit After Tax 100-1-100123
PAT Margin (%) 0.4%0.2%0.3%-1.0%-1.7%0.7%0.2%0.3%0.9%0.9%
Adjusted EPS (₹)0.30.20.2-0.7-0.60.10.10.31.20.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Mini Diamonds (I) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 67865666963
Share Capital 33333333424
Reserves 24432223539
Debt +1724211386413152
Long Term Debt0000000000
Short Term Debt1724211386413152
Minority Interest0000000000
Trade Payables9754906842398099150137
Others Liabilities 78114322437
Total Liabilities 1269412992585292123176209

Fixed Assets

Net Fixed Assets +1330001322
Gross Block2442222545
Accumulated Depreciation1111112223
CWIP 0000000000
Investments 0000000000
Inventories401443201826222037
Trade Receivables7176837054405994146154
Cash Equivalents 0000000022
Others Assets 140102464613
Total Assets 1269412992585292123176209

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1-558523-7-0-38
PBT 100-2-100125
Adjustment 2222000100
Changes in Working Capital -3-837523-8-3-41
Tax Paid -0-0-0-000000-2
Cash Flow From Investing Activity + 0-00200-0-300
Capex -0-0-0200-0-30-0
Net Investments 0000000000
Others 000000-0000
Cash Flow From Financing Activity + 16-5-10-5-2-29238
Net Proceeds from Shares 00000000051
Net Proceeds from Borrowing 0000000000
Interest Paid -2-2-2-2-0-0-0-00-0
Dividend Paid 0000000000
Others 37-4-8-5-2-291-12
Net Cash Flow 00-00-0-00-021

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)9.454.84.09-16.6-16.232.553.739.3528.679.62
ROCE (%)12.169.788.181.72-4.281.212.254.8910.0712.67
Asset Turnover Ratio1.251.161.11.010.760.391.261.581.642.11
PAT to CFO Conversion(x)-1N/AN/AN/AN/AN/AN/A-7-0-12.67
Working Capital Days
Receivable Days155.80209237.10251.60403.50811.90200.30164.90178.70135.40
Inventory Days95.8077.5084.70102.5066.9071.6066.9051.4030.9025.60
Payable Days228.90233.80233272387.60787.90246.20199.90191.30134.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mini Diamonds (India) Ltd FAQs

The current trading price of Mini Diamonds (I) on 08-Jun-2026 16:59 is ₹14.15.

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 07-Jun-2026 the market cap of Mini Diamonds (I) stood at ₹166.8 Cr

The latest P/E ratio of Mini Diamonds (I) as of 07-Jun-2026 is 103.8.

The latest P/B ratio of Mini Diamonds (I) as of 07-Jun-2026 is 2.59.

The 52-week high of Mini Diamonds (I) is ₹43.60 and the 52-week low is ₹13.60.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mini Diamonds (I) is ₹568 ( Cr.) .

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

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.

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.

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 ‘rough’ 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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