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Last Updated on: 29 June, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 523373 | NSE: MINID

Mini Diamonds (India) Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 24, 2025, 8:00 pm

Market Cap 484 Cr.
Current Price 205
High / Low 233/75.5
Stock P/E141
Book Value 26.6
Dividend Yield0.00 %
ROCE12.6 %
ROE9.63 %
Face Value 10.0
PEG Ratio1.53

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Mini Diamonds (India) Ltd

Competitors of Mini Diamonds (India) Ltd

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Mini Diamonds (India) Ltd 484 Cr. 205 233/75.5141 26.60.00 %12.6 %9.63 % 10.0
Mishka Exim Ltd 41.3 Cr. 28.6 70.5/25.0125 15.20.00 %2.16 %1.51 % 10.0
Motisons Jewellers Ltd 2,039 Cr. 20.7 33.8/14.047.2 4.200.00 %14.5 %11.6 % 1.00
Nanavati Ventures Ltd 47.2 Cr. 101 112/35.9205 48.20.00 %1.39 %1.03 % 10.0
Gautam Gems Ltd 19.8 Cr. 4.86 11.2/3.5570.9 12.60.00 %1.33 %0.55 % 10.0
Industry Average1,508.80 Cr103.4969.0886.370.05%7.61%5.80%6.53

All Competitor Stocks of Mini Diamonds (India) Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 26.5331.6836.5534.9942.9455.0324.3264.2772.2984.7089.13103.99115.66
Expenses 26.4331.8436.1834.7742.6354.7523.9864.7371.0983.2987.16101.80113.33
Operating Profit 0.10-0.160.370.220.310.280.34-0.461.201.411.972.192.33
OPM % 0.38%-0.51%1.01%0.63%0.72%0.51%1.40%-0.72%1.66%1.66%2.21%2.11%2.01%
Other Income 0.000.000.000.000.000.000.000.000.080.030.000.000.11
Interest 0.000.020.010.020.010.130.000.000.030.000.020.000.05
Depreciation 0.020.020.060.070.060.280.190.100.020.120.110.130.14
Profit before tax 0.08-0.200.300.130.24-0.130.15-0.561.231.321.842.062.25
Tax % 0.00%5.00%0.00%0.00%0.00%-15.38%0.00%0.00%0.00%-1.52%0.00%0.00%0.00%
Net Profit 0.09-0.210.290.140.24-0.110.14-0.571.221.341.842.052.25
EPS in Rs 0.26-0.610.840.410.70-0.320.39-1.603.423.755.160.870.95

Last Updated: Unknown

Below is a detailed analysis of the quarterly data for Mini Diamonds (India) Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is 115.66 Cr.. The value appears strong and on an upward trend. It has increased from 103.99 Cr. (Sep 2024) to 115.66 Cr., marking an increase of 11.67 Cr..
  • For Expenses, as of Dec 2024, the value is 113.33 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 101.80 Cr. (Sep 2024) to 113.33 Cr., marking an increase of 11.53 Cr..
  • For Operating Profit, as of Dec 2024, the value is 2.33 Cr.. The value appears strong and on an upward trend. It has increased from 2.19 Cr. (Sep 2024) to 2.33 Cr., marking an increase of 0.14 Cr..
  • For OPM %, as of Dec 2024, the value is 2.01%. The value appears to be declining and may need further review. It has decreased from 2.11% (Sep 2024) to 2.01%, marking a decrease of 0.10%.
  • For Other Income, as of Dec 2024, the value is 0.11 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Sep 2024) to 0.11 Cr., marking an increase of 0.11 Cr..
  • For Interest, as of Dec 2024, the value is 0.05 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.00 Cr. (Sep 2024) to 0.05 Cr., marking an increase of 0.05 Cr..
  • For Depreciation, as of Dec 2024, the value is 0.14 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.13 Cr. (Sep 2024) to 0.14 Cr., marking an increase of 0.01 Cr..
  • For Profit before tax, as of Dec 2024, the value is 2.25 Cr.. The value appears strong and on an upward trend. It has increased from 2.06 Cr. (Sep 2024) to 2.25 Cr., marking an increase of 0.19 Cr..
  • For Tax %, as of Dec 2024, the value is 0.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00%.
  • For Net Profit, as of Dec 2024, the value is 2.25 Cr.. The value appears strong and on an upward trend. It has increased from 2.05 Cr. (Sep 2024) to 2.25 Cr., marking an increase of 0.20 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 0.95. The value appears strong and on an upward trend. It has increased from 0.87 (Sep 2024) to 0.95, marking an increase of 0.08.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 4397124129128122111562191170245393
Expenses 4396122127125120111572090168243386
Operating Profit 1123320-100128
OPM % 2%1%2%2%2%2%0%-1%1%0%1%1%2%
Other Income 0000000000000
Interest 0112222000000
Depreciation 0000000000000
Profit before tax 011100-2-100127
Tax % 36%31%29%34%38%12%-27%4%0%5%-4%-1%
Net Profit 001100-1-100127
EPS in Rs 0.521.011.591.480.900.87-3.36-2.780.410.611.626.0210.73
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172019-20202020-20212023-2024
YoY Net Profit Growth (%)0.00%-100.00%0.00%100.00%100.00%
Change in YoY Net Profit Growth (%)0.00%-100.00%100.00%100.00%0.00%

Mini Diamonds (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:48%
3 Years:65%
TTM:65%
Compounded Profit Growth
10 Years:20%
5 Years:41%
3 Years:154%
TTM:60%
Stock Price CAGR
10 Years:41%
5 Years:140%
3 Years:124%
1 Year:136%
Return on Equity
10 Years:6%
5 Years:11%
3 Years:12%
Last Year:10%

Last Updated: Unknown

No data available for the Balance Sheet data table.

Reserves and Borrowings Chart

Cash Flow

MonthMonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-4-21-5-58523-7-0-38
Cash from Investing Activity +-00-0-0-0200-0-300
Cash from Financing Activity +42-166-10-5-2-29238
Net Cash Flow00-0000-0-00-021

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days138118199217248231351716238203218139
Inventory Days1038812244138686147106493035
Days Payable165171293168291234294761331221230129
Cash Conversion Cycle7634279294656310313311845
Working Capital Days6358608277608419834362954
ROCE %7%10%12%10%8%1%-5%1%2%5%10%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Promoters33.28%33.28%33.28%33.28%35.51%35.51%35.51%34.65%33.87%5.12%5.12%4.94%
Public66.72%66.72%66.72%66.72%64.50%64.50%64.50%65.36%66.14%94.88%94.89%95.05%
No. of Shareholders12,79712,82012,83412,80812,77212,81112,84812,76212,59413,60714,54114,281

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25
FaceValue 10.00
Basic EPS (Rs.) 1.40
Diluted EPS (Rs.) 1.40
Cash EPS (Rs.) 1.58
Book Value[Excl.RevalReserv]/Share (Rs.) 26.57
Book Value[Incl.RevalReserv]/Share (Rs.) 26.57
Revenue From Operations / Share (Rs.) 172.12
PBDIT / Share (Rs.) 2.49
PBIT / Share (Rs.) 2.31
PBT / Share (Rs.) 2.27
Net Profit / Share (Rs.) 1.40
NP After MI And SOA / Share (Rs.) 1.40
PBDIT Margin (%) 1.44
PBIT Margin (%) 1.34
PBT Margin (%) 1.31
Net Profit Margin (%) 0.81
NP After MI And SOA Margin (%) 0.81
Return on Networth / Equity (%) 5.26
Return on Capital Employeed (%) 8.68
Return On Assets (%) 1.56
Total Debt / Equity (X) 0.03
Current Ratio (X) 1.41
Quick Ratio (X) 1.15
Interest Coverage Ratio (X) 62.43
Interest Coverage Ratio (Post Tax) (X) 36.10
Enterprise Value (Cr.) 362.25
EV / Net Operating Revenue (X) 0.89
EV / EBITDA (X) 61.73
MarketCap / Net Operating Revenue (X) 0.89
Price / BV (X) 5.78
Price / Net Operating Revenue (X) 0.89
EarningsYield 0.01

After reviewing the key financial ratios for Mini Diamonds (India) Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. No previous period data is available for comparison.
  • For Basic EPS (Rs.), as of Mar 25, the value is 1.40. This value is below the healthy minimum of 5. No previous period data is available for comparison.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 1.40. This value is below the healthy minimum of 5. No previous period data is available for comparison.
  • For Cash EPS (Rs.), as of Mar 25, the value is 1.58. This value is below the healthy minimum of 3. No previous period data is available for comparison.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 26.57. No previous period data is available for comparison.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 26.57. No previous period data is available for comparison.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 172.12. No previous period data is available for comparison.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 2.49. This value is within the healthy range. No previous period data is available for comparison.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 2.31. This value is within the healthy range. No previous period data is available for comparison.
  • For PBT / Share (Rs.), as of Mar 25, the value is 2.27. This value is within the healthy range. No previous period data is available for comparison.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 1.40. This value is below the healthy minimum of 2. No previous period data is available for comparison.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 1.40. This value is below the healthy minimum of 2. No previous period data is available for comparison.
  • For PBDIT Margin (%), as of Mar 25, the value is 1.44. This value is below the healthy minimum of 10. No previous period data is available for comparison.
  • For PBIT Margin (%), as of Mar 25, the value is 1.34. This value is below the healthy minimum of 10. No previous period data is available for comparison.
  • For PBT Margin (%), as of Mar 25, the value is 1.31. This value is below the healthy minimum of 10. No previous period data is available for comparison.
  • For Net Profit Margin (%), as of Mar 25, the value is 0.81. This value is below the healthy minimum of 5. No previous period data is available for comparison.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 0.81. This value is below the healthy minimum of 8. No previous period data is available for comparison.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 5.26. This value is below the healthy minimum of 15. No previous period data is available for comparison.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 8.68. This value is below the healthy minimum of 10. No previous period data is available for comparison.
  • For Return On Assets (%), as of Mar 25, the value is 1.56. This value is below the healthy minimum of 5. No previous period data is available for comparison.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.03. This value is within the healthy range. No previous period data is available for comparison.
  • For Current Ratio (X), as of Mar 25, the value is 1.41. This value is below the healthy minimum of 1.5. No previous period data is available for comparison.
  • For Quick Ratio (X), as of Mar 25, the value is 1.15. This value is within the healthy range. No previous period data is available for comparison.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 62.43. This value is within the healthy range. No previous period data is available for comparison.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 36.10. This value is within the healthy range. No previous period data is available for comparison.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 362.25. No previous period data is available for comparison.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.89. This value is below the healthy minimum of 1. No previous period data is available for comparison.
  • For EV / EBITDA (X), as of Mar 25, the value is 61.73. This value exceeds the healthy maximum of 15. No previous period data is available for comparison.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.89. This value is below the healthy minimum of 1. No previous period data is available for comparison.
  • For Price / BV (X), as of Mar 25, the value is 5.78. This value exceeds the healthy maximum of 3. No previous period data is available for comparison.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.89. This value is below the healthy minimum of 1. No previous period data is available for comparison.
  • For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. No previous period data is available for comparison.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mini Diamonds (India) Ltd as of June 29, 2025 is: 294.73

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 29, 2025, Mini Diamonds (India) Ltd is Undervalued by 43.77% compared to the current share price 205.00

Intrinsic Value of Mini Diamonds (India) Ltd as of June 29, 2025 is: 566.22

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 29, 2025, Mini Diamonds (India) Ltd is Undervalued by 176.20% compared to the current share price 205.00

Last 5 Year EPS CAGR: 92.12%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mini Diamonds (India) Ltd:
    1. Net Profit Margin: 0.81%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 8.68% (Industry Average ROCE: 7.61%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 5.26% (Industry Average ROE: 5.8%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 36.1
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.15
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 141 (Industry average Stock P/E: 69.08)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.03
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Mini Diamonds (India) Ltd. is a Public Limited Listed company incorporated on 12/02/1987 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L36912MH1987PLC042515 and registration number is 042515. Currently Company is involved in the business activities of Working of diamonds and other precious and semi-precious stones including the working of industrial quality stones and synthetic or reconstructed precious or semi-precious stones. Company's Total Operating Revenue is Rs. 405.57 Cr. and Equity Capital is Rs. 23.57 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Gems, Jewellery & Precious MetalsDW-9020, Bharat Diamond Bourse, Mumbai Maharashtra 400051accounts@minidiamonds.net
http://www.minidiamonds.net
Management
NamePosition Held
Mr. Upendra N ShahChairman & Managing Director
Mr. Ronish U ShahExecutive Director
Mr. Dilip Jaswant ShahNon Exe.Non Ind.Director
Mr. Narayanbhai KevadiaNon Exe.Non Ind.Director
Mr. Chintan ShahIndependent Director
Ms. Niharika RoongtaIndependent Director
Mr. Ashutosh TiwariAddnl.Independent Director
FAQ: Stock data is invalid or not in the correct format.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mini Diamonds (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE