Company Overview
Minal Industries Limited operates as a diamantaire, and jewelry and engineering company worldwide. The company is involved in the manufacture and export of diamond studded gold and silver jewelry. It also provides dropshipping and custom jewelry design services. Minal Industries Limited was incorporated in 1988 and is based in Mumbai, India.
Why Investors Should Care
Revenue has grown at a 16.9% CAGR over the past five years.
Carries low leverage with a debt-to-equity ratio of 0.10.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹42.83 Cr (-16.2% YoY); net profit ₹-10.27 L.
- Trailing 12 Months Year-on-year growth — revenue +30.6%, earnings +200.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 16.9%, profit CAGR -44.2%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 16.92% |
| 1 Year: | 30.60% |
Compounded Profit Growth
| 5 Years: | -44.24% |
| 1 Year: | 200.00% |
Stock Price Performance
| 1 Year: | +63.46% |
| 6 Months: | - |
| 3 Months: | - |
| 1 Month: | -32.67% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- RSI (14)30.34 · Neutral
P/E of 48.57 is above the sector median of 25.02 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 16.9% over 5 years.
- Generates positive free cash flow.
CONS
- Earnings shrank at -44.2% CAGR over 5 years.
- Trading 42.3% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MINALIND Minal Industries Limited NSE | 3.40 | 48.57 | ₹65.25 Cr | 0.00% | -1.81% | -0.19% | 16.92% | -44.24% |
| 2 | TITAN Titan Company Limited NIFTY50NSE | 4,350.00 | 67.05 | ₹3.86 L Cr | 0.34% | 38.43% | 32.31% | 29.24% | 16.00% |
| 3 | MARUTI Maruti Suzuki India Limited NIFTY50NSEAI | 11,170.00 | 24.50 | ₹3.51 L Cr | 1.22% | 17.22% | 13.70% | 15.90% | 21.11% |
| 4 | M&M Mahindra & Mahindra Limited NIFTY50NSEAI | 2,864.10 | 17.15 | ₹3.44 L Cr | 1.20% | 17.14% | 18.37% | 17.50% | 18.48% |
| 5 | ETERNAL Eternal Limited NSEAITECH | 304.45 | 647.77 | ₹2.80 L Cr | 0.00% | 2.86% | 1.18% | 97.70% | 45.90% |
| 6 | BAJAJ-AUTO Bajaj Auto Limited NIFTY50NSE | 10,155.00 | 24.15 | ₹2.79 L Cr | 1.52% | 26.12% | 27.67% | 19.49% | 21.03% |
| 7 | EICHERMOT Eicher Motors Limited NIFTY50NSEAI | 7,084.50 | 33.71 | ₹1.94 L Cr | 1.21% | 26.43% | 21.97% | 17.47% | 23.70% |
| 8 | TVSMOTOR TVS Motor Company Limited NSE | 3,974.00 | 55.08 | ₹1.89 L Cr | 0.31% | 28.82% | 31.56% | 20.21% | 31.46% |
| 9 | MOTHERSON Samvardhana Motherson International Limited NSEAI | 154.64 | 35.80 | ₹1.65 L Cr | 0.31% | 11.50% | 9.42% | 17.10% | 37.17% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 19.16 Cr | 10.04 Cr | 8.90 Cr | 8.71 Cr | 15.18 Cr |
| Cost of Revenue | - | 13.40 Cr | 6.36 Cr | 6.58 Cr | 4.56 Cr | 10.35 Cr |
| Gross Profit | - | 5.77 Cr | 3.68 Cr | 2.32 Cr | 4.15 Cr | 4.82 Cr |
| Operating Expenses | - | 1.96 Cr | 3.07 Cr | 3.64 Cr | 5.46 Cr | 4.08 Cr |
| Operating Income | - | 3.80 Cr | 60.88 L | -1.32 Cr | -1.31 Cr | 73.91 L |
| EBITDA | - | 3.72 Cr | 92.59 L | -1.18 Cr | -83.67 L | 2.07 Cr |
| Interest Expense | 3.72 L | 7.25 L | 2.22 L | - | 1.95 L | 91,000 |
| Pretax Income | - | 3.51 Cr | 76.62 L | -72.79 L | -99.44 L | 1.92 Cr |
| Tax Provision | - | -2.42 L | 8.48 L | -1.56 L | 0 | 29.86 L |
| Net Income | - | 86.61 L | 52.82 L | -41.23 L | -97.05 L | 35.76 L |
| Diluted EPS | - | - | - | - | - | - |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 26.80 Cr | 37.85 Cr | 51.12 Cr | 42.83 Cr |
| Cost of Revenue | - | 14.90 Cr | 22.61 Cr | 33.84 Cr | 27.86 Cr |
| Gross Profit | - | 11.89 Cr | 15.24 Cr | 17.28 Cr | 14.98 Cr |
| Operating Expenses | - | 12.82 Cr | 18.75 Cr | 13.96 Cr | 16.26 Cr |
| Operating Income | - | -92.42 L | -3.51 Cr | 3.32 Cr | -1.28 Cr |
| EBITDA | - | 2.09 Cr | -1.11 Cr | 4.90 Cr | 1.57 Cr |
| Interest Expense | - | 1.70 Cr | 5.22 L | 17.45 L | 4.54 L |
| Pretax Income | - | -29.08 L | -1.69 Cr | 4.18 Cr | 96.61 L |
| Tax Provision | - | 1.73 L | 39.33 L | -2.69 L | 36.78 L |
| Net Income | - | 31.40 L | -2.83 Cr | 1.51 Cr | -10.27 L |
| Diluted EPS | 0.02 | 0.02 | -0.15 | 0.08 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 84.28 Cr | 91.15 Cr | 85.16 Cr | 87.73 Cr |
| Current Assets | - | 75.84 Cr | 84.13 Cr | 78.51 Cr | 81.19 Cr |
| Cash & Equivalents | - | 46.41 L | 27.47 L | 83.86 L | 4.80 Cr |
| Inventory | - | 62.43 Cr | 65.46 Cr | 51.38 Cr | 56.63 Cr |
| Receivables | - | 9.23 Cr | 14.56 Cr | 24.03 Cr | 16.37 Cr |
| Total Liabilities | - | 22.86 Cr | 30.20 Cr | 21.74 Cr | 23.58 Cr |
| Current Liabilities | - | 21.25 Cr | 18.75 Cr | 13.35 Cr | 17.09 Cr |
| Long Term Debt | - | 0 | 10.29 Cr | 7.07 Cr | 5.27 Cr |
| Total Debt | - | 11.82 Cr | 13.24 Cr | 8.24 Cr | 6.32 Cr |
| Total Equity | - | 54.77 Cr | 53.43 Cr | 53.24 Cr | 53.20 Cr |
| Shares Outstanding | - | 19.19 Cr | 19.19 Cr | 19.19 Cr | 19.19 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -2.45 Cr | -1.05 Cr | 4.03 Cr | 7.42 Cr |
| Investing Cash Flow | - | 1.30 Cr | 70.67 L | 11.46 L | -1.49 Cr |
| Financing Cash Flow | - | 1.00 Cr | 15.18 L | -3.58 Cr | -1.97 Cr |
| Capital Expenditure | - | -37.50 L | -19.12 L | -46.04 L | -40.65 L |
| Free Cash Flow | - | -2.82 Cr | -1.24 Cr | 3.57 Cr | 7.01 Cr |
| Net Change in Cash | - | -14.48 L | -18.93 L | 56.39 L | 3.96 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 44.4% | 40.3% | 33.8% | 35.0% |
| Operating Margin % | - | -3.4% | -9.3% | 6.5% | -3.0% |
| Net Margin % | - | 1.2% | -7.5% | 3.0% | -0.2% |
| ROE % | - | 0.6% | -5.3% | 2.8% | -0.2% |
| ROCE % | - | -1.5% | -4.9% | 4.6% | -1.8% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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MINALIND — Frequently Asked Questions
What is the current share price of Minal Industries Limited (MINALIND)?
As of 2026-10-24 04:55 IST, Minal Industries Limited (MINALIND) trades at ₹3.40 on NSE. Its 52-week range is ₹2.08 to ₹5.89.
What is the market capitalisation of MINALIND?
Minal Industries Limited (MINALIND) has a market capitalisation of ₹65.25 Cr on NSE.
What is the P/E ratio of MINALIND?
MINALIND trades at a trailing price-to-earnings (P/E) ratio of 48.57. The industry average P/E is 25.02. Its price-to-book (P/B) ratio is 1.69.
What is the return on equity (ROE) of MINALIND?
MINALIND has a return on equity (ROE) of -0.19%. Its return on capital employed (ROCE) is -1.81%.
Is MINALIND a good stock to buy?
This page provides a data-driven analysis of Minal Industries Limited (MINALIND), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.