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BSE: 523373 | NSE: | Diamond & Jewellery | Small Cap
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.8% | 7% | 8.4% | 7.1% | 6% | 2.3% | -4.9% | 4.9% | 2% | 4.7% | - |
| Value Creation Index ⓘ | -0.7 | -0.5 | -0.4 | -0.5 | -0.6 | -0.8 | -1.4 | -0.7 | -0.9 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 97 | 124 | 129 | 128 | 122 | 111 | 56.4 | 21.3 | 90.7 | 170 | 216 |
| Sales YoY Gr. | - | 27.7% | 4.5% | -1.2% | -4.4% | -8.9% | -49.4% | -62.3% | 326.1% | 86.9% | - |
| Adj EPS ⓘ | 1 | 1.6 | 1.5 | 1.2 | 0.9 | -2.5 | -2.8 | 1.8 | 0.6 | 1.6 | 2 |
| YoY Gr. | - | 57.4% | -6.9% | -19.6% | -22.7% | -368.5% | NA | NA | -66.7% | 176.3% | - |
| BVPS (₹) ⓘ | 13.5 | 14.9 | 16.4 | 21.1 | 22 | 18.6 | 15.8 | 16.6 | 16.7 | 18.3 | 20.3 |
| Adj Net Profit ⓘ | 0.4 | 0.6 | 0.5 | 0.4 | 0.3 | -0.9 | -1 | 0.6 | 0.2 | 0.6 | 1 |
| Cash Flow from Ops. ⓘ | -3.5 | -1.8 | -1 | -5.4 | 5.1 | 7.5 | 4.7 | 2.1 | 2.7 | -6.9 | - |
| Debt/CF from Ops. ⓘ | -3.8 | -9.1 | -17.6 | -4.5 | 4.1 | 1.7 | 1.7 | 2.7 | 1.4 | -1.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.4% | 6.8% | 44.3% | 86.9% | ||||
| Adj EPS ⓘ | 5.5% | 12.1% | NA | 176.3% | ||||
| BVPSⓘ | 3.4% | -3.6% | 5% | 9.8% | ||||
| Share Price | 28.6% | 70.1% | 104.4% | 200.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.8 | 11.2 | 9.5 | 6.4 | 4.3 | -12.2 | -16.2 | 11 | 3.5 | 9.4 | 10.1 |
| Op. Profit Mgn % ⓘ | 1.2 | 1.7 | 2.1 | 2.3 | 2.1 | 0.8 | -1.1 | 4.1 | 0.3 | 0.7 | 0.6 |
| Net Profit Mgn % ⓘ | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | -0.8 | -1.7 | 2.9 | 0.2 | 0.3 | 0.3 |
| Debt to Equity ⓘ | 2.9 | 3.1 | 3 | 3.4 | 2.7 | 2 | 1.5 | 1 | 0.7 | 2.1 | - |
| Working Cap Days ⓘ | 198 | 211 | 289 | 307 | 323 | 356 | 479 | 937 | 288 | 227 | 91 |
| Cash Conv. Cycle ⓘ | 69 | 38 | 33 | 56 | 109 | 94 | 27 | 346 | 17 | 23 | 37 |
Return on Equity has increased versus last 3 years average to 10.10%
Sales growth is growing at healthy rate in last 3 years 44.32%
Sales growth is good in last 4 quarters at 48.07%
Net Profit has been subdued in last 3 years 0.00%
Debt to equity has increased versus last 3 years average to 2.10
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2 | - |
| TTM Sales (₹ Cr.) | 216 | - |
| BVPS (₹.) ⓘ | 20.3 | - |
| Reserves (₹ Cr.) ⓘ | 4 | - |
| P/BV ⓘ | 2.76 | - |
| PE ⓘ | 28.62 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 17.00 / 55.90 |
| All Time Low / High (₹) | 0.75 / 55.30 |
| Market Cap (₹ Cr.) | 20 |
| Equity (₹ Cr.) | 3.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 82.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 97.03 | 123.93 | 129.48 | 127.92 | 122.27 | 111.35 | 56.39 | 21.28 | 90.68 | 169.52 |
| Operating Expenses ⓘ | 95.85 | 121.78 | 126.74 | 125.17 | 119.72 | 110.88 | 57.02 | 21.07 | 90.40 | 168.34 |
| Manufacturing Costs | 1.17 | 1.83 | 2.15 | 4.95 | 5.41 | 3.08 | 1.29 | 0.81 | 1.31 | 3.18 |
| Material Costs | 93.33 | 115.80 | 120.47 | 117.86 | 113.07 | 106.30 | 51.73 | 18.66 | 88.26 | 163.69 |
| Employee Cost | 0.24 | 0.38 | 0.47 | 0.41 | 0.27 | 0.22 | 0.15 | 0.14 | 0.26 | 0.28 |
| Other Costs ⓘ | 1.11 | 3.78 | 3.66 | 1.95 | 0.97 | 1.28 | 3.85 | 1.46 | 0.58 | 1.19 |
| Operating Profit ⓘ | 1.18 | 2.14 | 2.74 | 2.75 | 2.55 | 0.47 | -0.63 | 0.21 | 0.28 | 1.18 |
| Operating Profit Margin (%) | 1.2% | 1.7% | 2.1% | 2.2% | 2.1% | 0.4% | -1.1% | 1.0% | 0.3% | 0.7% |
| Other Income ⓘ | 0.04 | 0.11 | 0.09 | 0.08 | 0.08 | 0.05 | 0 | 0 | 0.02 | 0 |
| Interest ⓘ | 0.59 | 1.18 | 1.89 | 2.16 | 2.11 | 2.02 | 0.22 | 0.01 | 0.02 | 0.17 |
| Depreciation ⓘ | 0.13 | 0.29 | 0.17 | 0.19 | 0.16 | 0.12 | 0.07 | 0.06 | 0.06 | 0.47 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -0.02 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.51 | 0.78 | 0.77 | 0.48 | 0.34 | -1.61 | -0.93 | 0.15 | 0.22 | 0.54 |
| Tax ⓘ | 0.16 | 0.23 | 0.26 | 0.17 | 0.04 | -0.45 | 0.04 | 0 | 0.01 | -0.02 |
| Profit After Tax | 0.35 | 0.55 | 0.51 | 0.31 | 0.30 | -1.16 | -0.96 | 0.14 | 0.21 | 0.56 |
| PAT Margin (%) | 0.4% | 0.4% | 0.4% | 0.2% | 0.2% | -1.0% | -1.7% | 0.7% | 0.2% | 0.3% |
| Adjusted EPS (₹) | 1.0 | 1.6 | 1.5 | 0.9 | 0.9 | -3.4 | -2.8 | 0.4 | 0.6 | 1.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4.66 | 5.15 | 5.66 | 7.27 | 7.57 | 6.41 | 5.45 | 5.71 | 5.75 | 6.31 |
| Share Capital ⓘ | 3.45 | 3.45 | 3.45 | 3.45 | 3.45 | 3.45 | 3.45 | 3.45 | 3.45 | 3.45 |
| Reserves ⓘ | 1.21 | 1.70 | 2.21 | 3.82 | 4.12 | 2.96 | 2 | 2.26 | 2.30 | 2.86 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 13.37 | 15.99 | 16.91 | 24.34 | 20.78 | 12.93 | 8.12 | 5.86 | 3.82 | 13.23 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 13.37 | 15.99 | 16.91 | 24.34 | 20.78 | 12.93 | 8.12 | 5.86 | 3.82 | 13.23 |
| Trade Payables | 42.13 | 54.27 | 96.85 | 54.14 | 90.20 | 68.21 | 41.65 | 38.91 | 80.13 | 99.17 |
| Others Liabilities ⓘ | 4.35 | 6.01 | 6.60 | 7.96 | 10.80 | 3.99 | 2.50 | 1.96 | 2.30 | 3.95 |
| Total Liabilities ⓘ | 64.50 | 81.43 | 126.02 | 93.71 | 129.35 | 91.54 | 57.73 | 52.43 | 92 | 122.66 |
Fixed Assets | ||||||||||
| Gross Block | 1.94 | 1.97 | 2.06 | 4.18 | 4.20 | 1.76 | 1.76 | 1.76 | 2.07 | 4.64 |
| Accumulated Depreciation | 0.72 | 1.01 | 1.18 | 1.25 | 1.41 | 1.36 | 1.43 | 1.49 | 1.54 | 2.01 |
| Net Fixed Assetsⓘ | 1.22 | 0.96 | 0.88 | 2.94 | 2.80 | 0.40 | 0.33 | 0.27 | 0.52 | 2.62 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 26.40 | 27.76 | 40.18 | 14.07 | 42.67 | 19.85 | 0.81 | 7.53 | 25.70 | 22.08 |
| Trade Receivables | 36.59 | 40.01 | 70.54 | 75.81 | 83.05 | 70.44 | 54.21 | 40.45 | 59.05 | 94.07 |
| Cash Equivalents | 0.15 | 0.37 | 0.35 | 0.43 | 0.22 | 0.49 | 0.20 | 0.07 | 0.42 | 0.23 |
| Others Assetsⓘ | 0.14 | 12.33 | 14.07 | 0.46 | 0.61 | 0.37 | 2.18 | 4.10 | 6.31 | 3.65 |
| Total Assets ⓘ | 64.50 | 81.43 | 126.02 | 93.71 | 129.35 | 91.54 | 57.73 | 52.43 | 92 | 122.66 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3.51 | -1.75 | -0.96 | -5.44 | 5.10 | 7.54 | 4.67 | 2.14 | 2.73 | -6.91 |
| PBT ⓘ | 0.51 | 0.78 | 0.77 | 0.49 | 0.34 | -1.61 | -0.93 | 0.15 | 0.22 | 0.54 |
| Adjustment ⓘ | 0.50 | 0.92 | 1.72 | 1.97 | 1.89 | 1.81 | 0.23 | 0.06 | 0.06 | 0.58 |
| Changes in Working Capital ⓘ | -4.43 | -3.15 | -3.15 | -7.68 | 2.99 | 7.47 | 5.37 | 1.94 | 2.63 | -8.04 |
| Tax Paid ⓘ | -0.07 | -0.30 | -0.30 | -0.21 | -0.12 | -0.14 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.24 | 0.05 | 0.05 | -0.06 | 0.06 | 2.32 | 0.01 | 0 | -0.35 | -2.57 |
| Capex | -0.80 | -0.03 | -0.03 | -0.26 | -0.02 | 2.28 | 0 | 0 | -0.31 | -2.57 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.57 | 0.07 | 0.08 | 0.20 | 0.08 | 0.04 | 0.01 | 0 | -0.04 | 0 |
| Cash Flow From Financing Activityⓘ | 3.75 | 1.92 | 1.11 | 5.57 | -5.37 | -9.59 | -4.97 | -2.27 | -2.04 | 9.29 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.42 | -0.70 | -1.63 | -1.86 | -1.81 | -1.75 | -0.16 | 0 | 0 | -0.11 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 4.17 | 2.63 | 2.74 | 7.43 | -3.56 | -7.85 | -4.81 | -2.27 | -2.03 | 9.40 |
| Net Cash Flow ⓘ | 0.01 | 0.22 | 0.20 | 0.08 | -0.21 | 0.27 | -0.29 | -0.12 | 0.34 | -0.19 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.78 | 11.21 | 9.45 | 4.8 | 4.09 | -16.6 | -16.23 | 2.55 | 3.73 | 9.35 |
| ROCE (%) | 6.94 | 10.02 | 12.16 | 9.78 | 8.18 | 1.72 | -4.28 | 1.21 | 2.25 | 4.89 |
| Asset Turnover Ratio | 1.81 | 1.7 | 1.25 | 1.16 | 1.1 | 1.01 | 0.76 | 0.39 | 1.26 | 1.58 |
| PAT to CFO Conversion(x) | -10.03 | -3.18 | -1.88 | -17.55 | 17 | N/A | N/A | 15.29 | 13 | -12.34 | Working Capital Days |
| Receivable Days | 112 | 113 | 156 | 209 | 237 | 252 | 403 | 812 | 200 | 165 |
| Inventory Days | 85 | 80 | 96 | 77 | 85 | 102 | 67 | 72 | 67 | 51 |
| Payable Days | 135 | 152 | 229 | 234 | 233 | 272 | 388 | 788 | 246 | 200 |
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
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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