Minal Industries Ltd

Minal Industries Ltd

₹ 4.74 -2.67%
23 Apr - close price
About

Incorporated in 1988, Minal Industries Ltd manufactures and trades gems & jewelry[1]

Key Points

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

  • Market Cap 91.0 Cr.
  • Current Price 4.74
  • High / Low 6.53 / 0.79
  • Stock P/E 505
  • Book Value 2.65
  • Dividend Yield 0.00 %
  • ROCE 1.95 %
  • ROE -0.59 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -18.8%
  • Company has a low return on equity of -1.24% over last 3 years.
  • Earnings include an other income of Rs.2.15 Cr.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
8.41 3.48 4.78 2.90 12.00 8.55 3.45 5.27 6.38 11.71 5.79 4.74 14.81
8.95 8.07 5.71 5.39 18.02 -0.74 5.52 9.79 -0.51 12.26 8.47 8.78 7.72
Operating Profit -0.54 -4.59 -0.93 -2.49 -6.02 9.29 -2.07 -4.52 6.89 -0.55 -2.68 -4.04 7.09
OPM % -6.42% -131.90% -19.46% -85.86% -50.17% 108.65% -60.00% -85.77% 107.99% -4.70% -46.29% -85.23% 47.87%
2.56 -1.21 0.39 0.33 0.28 1.41 0.60 0.39 -0.46 1.80 1.45 0.21 -1.31
Interest 0.05 0.13 0.08 0.14 0.11 0.20 0.50 0.15 0.34 0.72 0.26 0.23 -0.32
Depreciation 0.19 0.17 0.18 0.18 0.18 0.18 0.19 0.13 0.16 0.20 0.07 0.11 0.22
Profit before tax 1.78 -6.10 -0.80 -2.48 -6.03 10.32 -2.16 -4.41 5.93 0.33 -1.56 -4.17 5.88
Tax % 1.12% 6.72% -41.25% 0.40% -1.49% -0.68% -3.70% -2.72% 3.37% 6.06% -0.64% -3.36% -1.19%
1.76 -5.69 -1.14 -2.47 -6.11 10.39 -2.23 -4.54 5.73 0.32 -1.58 -4.31 5.95
EPS in Rs 0.05 -0.16 -0.03 -0.06 -0.15 0.26 -0.05 -0.10 0.15 0.01 -0.04 -0.11 0.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.95 67.20 111.56 16.32 0.08 4.04 0.01 40.25 36.15 14.00 28.24 26.80 37.05
1.77 60.84 111.43 15.97 0.63 7.04 16.51 41.37 45.61 19.41 28.40 27.06 37.23
Operating Profit -0.82 6.36 0.13 0.35 -0.55 -3.00 -16.50 -1.12 -9.46 -5.41 -0.16 -0.26 -0.18
OPM % -86.32% 9.46% 0.12% 2.14% -687.50% -74.26% -165,000.00% -2.78% -26.17% -38.64% -0.57% -0.97% -0.49%
2.94 0.55 0.15 -0.26 0.23 0.01 7.51 1.43 3.25 1.28 2.30 2.34 2.15
Interest 0.02 0.02 0.05 0.01 0.01 0.02 0.01 0.51 0.46 0.27 0.41 1.70 0.89
Depreciation 0.10 0.10 0.07 0.07 0.05 0.15 0.07 -0.86 0.78 0.75 0.73 0.68 0.60
Profit before tax 2.00 6.79 0.16 0.01 -0.38 -3.16 -9.07 0.66 -7.45 -5.15 1.00 -0.30 0.48
Tax % 2.00% 0.15% 56.25% 500.00% -2.63% 1.90% -0.44% 50.00% 0.54% 7.18% 33.00% -6.67%
1.96 6.78 0.07 -0.04 -0.39 -3.09 -9.11 0.33 -7.41 -4.78 0.67 -0.32 0.38
EPS in Rs 0.37 1.27 0.01 -0.00 -0.02 -0.16 -0.47 0.00 -0.27 -0.11 0.02 0.02 0.01
Dividend Payout % 0.00% 10.52% 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: 5%
5 Years: %
3 Years: -9%
TTM: 57%
Compounded Profit Growth
10 Years: 5%
5 Years: %
3 Years: 25%
TTM: -96%
Stock Price CAGR
10 Years: 10%
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: -1%
Last Year: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7.13 7.13 14.38 38.38 38.38 38.38 38.38 38.38 38.38 38.38 38.38 38.38 38.38
Reserves 4.18 10.21 83.73 61.42 63.93 62.00 54.78 21.71 16.84 14.68 15.27 16.39 12.40
0.01 0.14 0.07 0.41 0.40 0.35 0.35 20.76 19.01 18.97 9.12 11.83 13.23
0.93 64.13 439.14 466.17 509.77 530.73 8.77 22.83 14.76 11.30 9.92 17.64 23.16
Total Liabilities 12.25 81.61 537.32 566.38 612.48 631.46 102.28 103.68 88.99 83.33 72.69 84.24 87.17
1.65 1.56 1.43 1.37 1.32 1.22 1.15 4.47 5.75 5.02 4.48 4.19 4.03
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 0.00
Investments 4.08 5.32 25.72 25.71 20.68 20.59 12.16 0.00 0.00 0.00 0.00 0.00 0.00
6.52 74.73 510.17 539.30 590.48 609.65 88.97 99.21 83.24 78.31 68.21 80.05 83.14
Total Assets 12.25 81.61 537.32 566.38 612.48 631.46 102.28 103.68 88.99 83.33 72.69 84.24 87.17

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-18.64 -1.85 -8.14 0.00 0.00 1.98 -3.30 4.90 -17.47 -2.56
-9.66 -0.25 5.04 0.00 0.00 -0.26 0.35 -3.82 27.99 1.30
28.40 2.06 2.89 0.00 0.00 0.54 -2.13 -0.11 -11.31 1.10
Net Cash Flow 0.10 -0.04 -0.21 0.00 0.00 2.25 -5.08 0.97 -0.79 -0.15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 73.00 363.86 1,479.24 11,099.40 2,499,793.75 51,402.66 2,044,730.00 230.24 137.92 157.21 158.46 125.71
Inventory Days 1,442.62 29.83 124.91 558.84 204,400.00 1,628.00 714.26 844.83 712.54 2,302.63 1,117.27 1,528.30
Days Payable 475.08 382.73 1,478.19 11,607.00 4,649,096.25 39,430.41 415.67 115.99 15.80 86.67 31.59 201.96
Cash Conversion Cycle 1,040.54 10.96 125.96 51.24 -1,944,902.50 13,600.26 2,045,028.59 959.08 834.66 2,373.17 1,244.14 1,452.05
Working Capital Days 1,390.84 51.76 229.88 1,619.24 365,912.50 7,096.72 2,914,890.00 750.95 784.22 1,719.67 796.95 885.94
ROCE % 47.29% 0.29% -0.36% -3.09% -9.33% -10.17% -5.99% 1.89% 1.95%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.66% 59.66% 59.66% 59.66% 59.66% 59.66% 59.74% 59.74% 59.74% 59.74% 59.42% 40.63%
40.34% 40.34% 40.34% 40.34% 40.34% 40.34% 40.25% 40.25% 40.25% 40.26% 40.58% 59.37%
No. of Shareholders 2,1432,1402,1402,1362,1342,1342,1312,1332,1232,2893,9955,027

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