Minal Industries Ltd
₹ 2.46
-3.53%
22 Jun
- close price
About
Incorporated in 1988, Minal Industries Ltd is a Diamantaire and Jewellery and Engineering company.[1]
Key Points
- Market Cap ₹ 47.2 Cr.
- Current Price ₹ 2.46
- High / Low ₹ 5.05 / 1.78
- Stock P/E
- Book Value ₹ 1.93
- Dividend Yield 0.00 %
- ROCE -0.72 %
- ROE -1.84 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Debtor days have improved from 1,111 to 20.6 days.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.99% over last 3 years.
- Promoter holding has decreased over last 3 years: -19.0%
* 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
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.70 | 0.01 | 0.00 | 0.00 | 0.00 | -1.01 | 0.00 | 0.73 | 4.30 | 1.05 | 0.78 | 7.26 | |
| 2.46 | 16.18 | 0.97 | 0.51 | 0.75 | 5.79 | 18.63 | 0.89 | 3.83 | 1.05 | 2.05 | 7.94 | |
| Operating Profit | -1.76 | -16.17 | -0.97 | -0.51 | -0.75 | -6.80 | -18.63 | -0.16 | 0.47 | 0.00 | -1.27 | -0.68 |
| OPM % | -251.43% | -161,700.00% | -21.92% | 10.93% | 0.00% | -162.82% | -9.37% | |||||
| 0.10 | 7.61 | 0.00 | 0.17 | 0.99 | 4.23 | 1.43 | 0.57 | 0.60 | -3.45 | 0.22 | 0.45 | |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.00 | 0.00 | 0.06 | 0.00 | 0.03 | 0.00 |
| Depreciation | 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 | -1.82 | -8.64 | -1.05 | -0.40 | -0.07 | -2.62 | -17.24 | 0.37 | 0.98 | -3.49 | -1.12 | -0.27 |
| Tax % | -3.30% | 0.46% | 0.00% | -2.50% | -114.29% | 0.00% | 0.00% | 2.70% | -2.04% | -0.29% | 0.00% | 159.26% |
| -1.76 | -8.69 | -1.05 | -0.39 | 0.01 | -2.62 | -17.24 | 0.36 | 1.00 | -3.47 | -1.12 | -0.69 | |
| EPS in Rs | -0.09 | -0.45 | -0.05 | -0.02 | 0.00 | -0.14 | -0.90 | 0.02 | 0.05 | -0.18 | -0.06 | -0.04 |
| 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: | 93% |
| 5 Years: | % |
| 3 Years: | 19% |
| TTM: | 831% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 14% |
| 3 Years: | % |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | % |
| 3 Years: | 24% |
| 1 Year: | -43% |
| Return on Equity | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 0% |
| 3 Years: | -1% |
| Last Year: | -2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 32.58 | 23.90 | 22.85 | 22.46 | 22.47 | 19.85 | 2.61 | 2.97 | 3.96 | 0.50 | -0.61 | -1.31 |
| 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.00 | 0.00 | |
| 528.09 | 5.96 | 0.38 | 0.38 | 0.27 | 0.21 | 0.29 | 0.24 | 1.93 | 0.87 | 0.40 | 0.26 | |
| Total Liabilities | 599.40 | 68.59 | 61.96 | 61.57 | 61.47 | 58.44 | 41.28 | 41.59 | 44.27 | 39.92 | 38.17 | 37.33 |
| 1.22 | 1.15 | 1.08 | 1.03 | 0.68 | 0.60 | 0.56 | 0.53 | 0.50 | 0.46 | 0.42 | 0.67 | |
| 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 | 20.78 | 12.34 | 12.34 | 12.33 | 12.32 | 12.33 | 6.31 | 6.31 | 6.31 | 6.12 | 6.12 | 6.12 |
| 577.40 | 55.10 | 48.54 | 48.21 | 48.47 | 45.51 | 34.41 | 34.75 | 37.46 | 33.34 | 31.63 | 30.54 | |
| Total Assets | 599.40 | 68.59 | 61.96 | 61.57 | 61.47 | 58.44 | 41.28 | 41.59 | 44.27 | 39.92 | 38.17 | 37.33 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.25 | -8.55 | -0.19 | -0.13 | -0.14 | -0.13 | 5.86 | -0.21 | -2.41 | -1.47 | -0.33 | 5.78 | |
| 0.19 | 8.54 | 0.00 | 0.11 | 0.11 | 0.47 | -5.85 | 0.24 | 2.62 | 1.09 | 0.56 | -1.61 | |
| -0.05 | 0.00 | 0.00 | 0.00 | 0.00 | -0.35 | 0.00 | 0.00 | 0.00 | 0.17 | -0.20 | 0.00 | |
| Net Cash Flow | -0.11 | -0.01 | -0.19 | -0.02 | -0.03 | -0.01 | 0.01 | 0.03 | 0.21 | -0.21 | 0.03 | 4.17 |
| Free Cash Flow | -0.25 | -8.55 | -0.19 | -0.13 | -0.14 | 1.78 | 5.86 | -0.21 | -2.41 | -1.47 | -0.33 | 5.49 |
| CFO/OP | 16% | 53% | 20% | 25% | 19% | -1% | -32% | 156% | -506% | 28% | -865% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 278,703.57 | 719,415.00 | 0.00 | 365.00 | 292.85 | 1,421.76 | 1,890.51 | 20.61 | ||||
| Inventory Days | 10,658.00 | 714.26 | 621.25 | 6,699.27 | 1,225.52 | 11,370.30 | 4,155.72 | 343.79 | ||||
| Days Payable | 256,852.93 | 277.93 | 7.48 | 83.65 | 210.22 | 918.03 | 158.31 | 7.07 | ||||
| Cash Conversion Cycle | 32,508.64 | 719,851.33 | 613.77 | 6,980.63 | 1,308.15 | 11,874.03 | 5,887.92 | 357.33 | ||||
| Working Capital Days | 25,346.64 | 1,768,425.00 | 15,868.47 | 14,060.00 | 2,661.95 | 10,171.33 | 13,313.14 | 1,096.01 | ||||
| ROCE % | -2.51% | -12.89% | -1.67% | -0.64% | -0.08% | -7.70% | -34.75% | 0.90% | 2.49% | 1.47% | -2.84% | -0.72% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Jewellery Sales (Standalone) INR Lakhs |
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| Cost of Raw Material Consumed (Consolidated) INR Lakhs |
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| Finished Goods Inventory (Consolidated) INR Lakhs |
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| Revenue from Manufacturing Activity (Consolidated) INR Lakhs |
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Documents
Announcements
- Detailed Reasons For Delay In Submission Of Financial Results For Financial Year Ending 31.03.2026 19 Jun
-
Audited Financial Results For Financial Year Ending On 31.03.2026
17 Jun - Resubmitted audited standalone and consolidated FY26 results after BSE remarks; auditor noted going-concern uncertainty.
- Audited Financial Results For Quarter And Financial Year Ending 31.03.2026 13 Jun
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Jun - Newspaper Publication of Audited Financial Results for quarter and Financial year ending 31.03.2026
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Announcement under Regulation 30 (LODR)-Change in Management
4 Jun - Board approved FY26 audited results; auditors noted going-concern uncertainty, Rs 22.71 lakh cash loss, CS resigned.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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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
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Financial Year 2010
from bse
Business Overview:[1][2]
MIL is in the business of manufacturing and exporting diamond-studded Gold & Silver Jewellery. The company offers personalized jewelry with custom design services and drop shipping services.