Minal Industries Ltd
Incorporated in 1988, Minal Industries Ltd manufactures and trades gems & jewelry[1]
- Market Cap ₹ 74.5 Cr.
- Current Price ₹ 3.88
- High / Low ₹ 5.59 / 3.20
- Stock P/E
- Book Value ₹ 1.97
- Dividend Yield 0.00 %
- ROCE -2.84 %
- ROE -2.92 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 0.45% over last 3 years.
- Company has high debtors of 1,891 days.
- Promoter holding has decreased over last 3 years: -19.0%
- Working capital days have increased from 8,715 days to 13,313 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0.08 | 0.70 | 0.01 | 0.00 | 0.00 | 0.00 | -1.01 | 0.00 | 0.73 | 4.30 | 1.05 | 0.78 | 5.68 | |
0.56 | 2.46 | 16.18 | 0.97 | 0.51 | 0.75 | 5.79 | 18.63 | 0.89 | 3.83 | 1.05 | 2.05 | 7.06 | |
Operating Profit | -0.48 | -1.76 | -16.17 | -0.97 | -0.51 | -0.75 | -6.80 | -18.63 | -0.16 | 0.47 | 0.00 | -1.27 | -1.38 |
OPM % | -600.00% | -251.43% | -161,700.00% | -21.92% | 10.93% | 0.00% | -162.82% | -24.30% | |||||
0.33 | 0.10 | 7.61 | 0.00 | 0.17 | 0.99 | 4.23 | 1.43 | 0.57 | 0.60 | -3.45 | 0.22 | 0.24 | |
Interest | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.00 | 0.00 | 0.06 | 0.00 | 0.03 | 0.02 |
Depreciation | 0.05 | 0.15 | 0.07 | 0.07 | 0.05 | 0.29 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 |
Profit before tax | -0.22 | -1.82 | -8.64 | -1.05 | -0.40 | -0.07 | -2.62 | -17.24 | 0.37 | 0.98 | -3.49 | -1.12 | -1.20 |
Tax % | 4.55% | -3.30% | 0.46% | 0.00% | -2.50% | -114.29% | 0.00% | 0.00% | 2.70% | -2.04% | -0.29% | 0.00% | |
-0.23 | -1.76 | -8.69 | -1.05 | -0.39 | 0.01 | -2.62 | -17.24 | 0.36 | 1.00 | -3.47 | -1.12 | -1.07 | |
EPS in Rs | -0.01 | -0.09 | -0.45 | -0.05 | -0.02 | 0.00 | -0.14 | -0.90 | 0.02 | 0.05 | -0.18 | -0.06 | -0.06 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | % |
3 Years: | 2% |
TTM: | 216% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | 12% |
3 Years: | % |
TTM: | -201% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | % |
3 Years: | % |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | -6% |
5 Years: | -8% |
3 Years: | 0% |
Last Year: | -3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 |
Reserves | 34.31 | 32.58 | 23.90 | 22.85 | 22.46 | 22.47 | 19.85 | 2.61 | 2.97 | 3.96 | 0.50 | -0.61 |
0.40 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.00 | |
507.23 | 528.09 | 5.96 | 0.38 | 0.38 | 0.27 | 0.21 | 0.29 | 0.24 | 1.93 | 0.87 | 0.40 | |
Total Liabilities | 580.32 | 599.40 | 68.59 | 61.96 | 61.57 | 61.47 | 58.44 | 41.28 | 41.59 | 44.27 | 39.92 | 38.17 |
1.32 | 1.22 | 1.15 | 1.08 | 1.03 | 0.68 | 0.60 | 0.56 | 0.53 | 0.50 | 0.46 | 0.42 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 20.87 | 20.78 | 12.34 | 12.34 | 12.33 | 12.32 | 12.33 | 6.31 | 6.31 | 6.31 | 6.12 | 6.12 |
558.13 | 577.40 | 55.10 | 48.54 | 48.21 | 48.47 | 45.51 | 34.41 | 34.75 | 37.46 | 33.34 | 31.63 | |
Total Assets | 580.32 | 599.40 | 68.59 | 61.96 | 61.57 | 61.47 | 58.44 | 41.28 | 41.59 | 44.27 | 39.92 | 38.17 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-5.21 | -0.25 | -8.55 | -0.19 | -0.13 | -0.14 | -0.13 | 5.86 | -0.21 | -2.41 | -1.47 | -0.33 | |
5.14 | 0.19 | 8.54 | 0.00 | 0.11 | 0.11 | 0.47 | -5.85 | 0.24 | 2.62 | 1.09 | 0.56 | |
0.00 | -0.05 | 0.00 | 0.00 | 0.00 | 0.00 | -0.35 | 0.00 | 0.00 | 0.00 | 0.17 | -0.20 | |
Net Cash Flow | -0.07 | -0.11 | -0.01 | -0.19 | -0.02 | -0.03 | -0.01 | 0.01 | 0.03 | 0.21 | -0.21 | 0.03 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 2,343,163.12 | 278,703.57 | 719,415.00 | 0.00 | 365.00 | 292.85 | 1,421.76 | 1,890.51 | ||||
Inventory Days | 204,400.00 | 10,658.00 | 714.26 | 621.25 | 6,699.27 | 1,225.52 | 11,370.30 | 4,155.72 | ||||
Days Payable | 4,625,918.75 | 256,852.93 | 277.93 | 7.48 | 83.65 | 210.22 | 918.03 | 158.31 | ||||
Cash Conversion Cycle | -2,078,355.62 | 32,508.64 | 719,851.33 | 613.77 | 6,980.63 | 1,308.15 | 11,874.03 | 5,887.92 | ||||
Working Capital Days | 228,535.62 | 25,346.64 | 1,768,425.00 | 15,868.47 | 14,060.00 | 2,661.95 | 10,171.33 | 13,313.14 | ||||
ROCE % | -0.27% | -2.51% | -12.89% | -1.67% | -0.64% | -0.08% | -7.70% | -34.75% | 0.90% | 2.49% | 1.47% | -2.84% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 1h
-
Proceedings Of AGM Held On 26Th September, 2025
26 Sep - 37th AGM on 26 Sep 2025 approved FY2025 financials, director reappointment, and material related-party transactions.
-
Voting Results And Scrutinizers Report Of AGM Held On 26Th September, 2025
26 Sep - Minal Industries AGM 26 Sep 2025: adopted FY2024-25 financials; reappointed Divyanshu Navlakha; approved related-party transactions: Minal Infojewels, Selection Inc.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
26 Sep - 26 Sep 2025 AGM: eight resolutions passed including FY2024-25 audited financials, director reappointment, approval of material related-party transactions.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 26 Sep
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Business Overview:[1][2]
Company is in the business of selling diamonds and jewelry. It is a part of Minal Group of companies. It operates 1 international subsidiary Minal International
FZE and 2 domestic subsidiaries viz. Minal
Info Jewels Ltd and M/s RSBL Jewels Ltd