1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Personal Products & Services
Minal Industries Limited

Minal Industries Limited

MINALIND.BO
Minal Industries LimitedIN flagBombay Stock Exchange
2.34
INR
- -
- -
449.05MMarket Cap
Minal Industries Limited
MINALIND.BO
(Bombay Stock Exchange)

Recent

price

2.34

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
68
15.52
0.94
- -
0.21
- -
- -
- -
2.12
2.01
0.73
1.47
1.4
1.97
2.66
- -
2.23
Revenue per Share
4.52
0.01
- -
-0.02
-0.16
- -
-1.49
-0.02
- -
-0.27
-1.05
0.02
0.02
-0.15
0.08
- -
-0.03
Basic EPS, GAAP
- -
-2.59
-0.11
-0.42
-0.07
- -
- -
-0.01
0.1
-0.18
0.25
-0.91
-0.15
-0.06
0.21
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
7.67
6.99
4.3
3.85
3.69
- -
- -
2.08
1.51
1.25
1.14
1.16
1.21
1.13
1.69
- -
1.99
Book Value per Share
9.64
11.27
5.77
5.33
5.23
- -
- -
3.17
3.75
3.38
3.13
3.18
3.2
3.17
3.3
- -
3.32
Tangible Book Value per Share
72
72
173
192
192
- -
192
192
192
192
192
192
192
192
192
- -
192
Basic Weighted Avg Shares
4,889
1,116
163
1
40
- -
- -
- -
406
385
140
282
268
378
511
428
428
Sales/Revenue/Turnover
5.24
-0.78
5.29
-620.19
-61.34
- -
-584,513.47
- -
-0.26
-26.05
-38.68
-2.96
-3.45
-9.28
6.49
-2.99
-2.99
Operating Margin (%)
1
1
1
- -
1
- -
1
- -
-9
8
8
7
7
5
5
6
6
Depreciation Expense
325
1
- -
-4
-31
- -
-286
-4
1
-51
-201
4
3
-28
15
-1
-5
Net Income, GAAP
0.17
54.46
374.76
- -
- -
- -
- -
- -
50.35
- -
- -
33.14
- -
- -
- -
38.07
38.07
Effective Tax Rate (%)
6.64
0.07
-0.23
-460.88
-76.63
- -
-583,589.8
- -
0.17
-13.24
-143.43
1.44
1.17
-7.47
2.96
-0.24
-1.16
Profit Margin (%)
513
709
727
803
785
798
- -
476
676
591
484
539
546
654
652
641
641
Working Capital
4
133
- -
- -
- -
- -
- -
- -
- -
14
11
7
9
109
77
57
57
LT Debt
693
981
998
1,023
1,004
932
- -
608
720
648
601
610
614
609
634
641
641
Total Equity
58.64
-0.44
-2.24
- -
- -
- -
- -
- -
-0.07
- -
- -
-0.74
- -
- -
- -
-1.12
-1.12
Return on Invested Capital (%)
91.32
0.12
-0.05
- -
- -
- -
- -
- -
-0.29
- -
- -
0.48
- -
- -
- -
-1.46
-2.93
Return on Capital (%)
92.05
0.14
-0.06
-0.52
-4.28
- -
-92.71
-1.93
0.2
-19.21
-87.78
1.84
1.38
-12.58
5.59
-0.29
-1.4
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
6
- -
6
LT Borrowings
72
- -
53
LT Finance Leases
5
- -
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
192
- -
192
Market Capitalization
712
579
389

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
732
- -
812
Cash, Cash Equivalents & STI
14
- -
68
Accounts Receivable, Net
210
- -
164
Inventories
487
- -
566
Total Current Liabilities
130
- -
171
Payables & Accruals
- -
- -
- -
ST Debt
6
- -
6
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.33%
1.16%
Free Cash Flow
- -
-187.72%
84.24%
Net Income, GAAP
- -
-277%
-106.79%
Sales/Revenue/Turnover
- -
31.33%
-16.21%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
58
47
148
125
378
2025
123
108
89
192
511
2026
100
89
87
152
428

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.04
-0.11
0.15
- -
-0.15
2025
0.02
-0.01
- -
0.05
0.08
2026
0.03
-0.02
-0.05
0.02
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Laopu Gold Co., Ltd. (6181.HK)
Kohsai Co.,Ltd. (7878.T)
Fureasu Co.,Ltd. (7062.T)
Escrit Inc. (2196.T)
Springs Rejuvenation, Inc. (SPRJ)
Dev Labtech Venture Limited (DEVLAB.BO)
Business
Minal Industries Limited operates as a diamantaire, jewelry, and engineering company focused on the manufacture, trading, and export of diamonds, gold, silver, and related jewelry products worldwide; provides dropshipping and custom jewelry design services; and manufactures high precision dies, molds, and engineering components including rubber coated timing belts, conveyor belts, wire mesh conveyors, variable speed timing belts, natural and silicon rubber sheets, oil seals, and plastic belt clips. Incorporated in 1988 and headquartered at Plot No. 16(P), 17-28 & 29(P), SEEPZ, MIDC, Andheri (East), Mumbai, India, the company is part of the Minal Group and maintains operations across major diamonds and jewelry centers globally with target customers in retail, wholesale, and industrial sectors. It operates one international subsidiary, Minal International FZE, and two domestic subsidiaries, Minal Info Jewels Ltd and RSBL Jewels Ltd. Recent developments include the appointment of MMY & Associates as internal auditor and HSPN & Associates LLP as secretarial auditor for fiscal years 2025-26 and 2025-2030, respectively; the appointment of Mrs. Disha Hiteshkumar Rathod as independent director for a five-year term commencing May 30, 2025, approved via postal ballot; a scheduled annual general meeting on September 26, 2025; and reduced debt levels alongside improved operational profitability, with sales reaching Rs. 51.12 crore and net profit of Rs. 4.21 crore in fiscal year 2025.