As of 6 Nov 2026, Mini Diamonds India is loss-making on a trailing 12-month basis, so it has no P/E ratio. The share price is ₹4.01, 79% below its 52-week high. Sales grew 50% a year over 3 years. It carries very little debt. It is a small-cap company with a market cap of ₹95 Cr, ranked 50th of 82 Luxury Goods companies by market cap; the shares fell 72% over the past year.
- ₹4.04
- ₹4.05
- ₹4.00
- ₹4.01
- 2.3 L
Health check
- ReturnsBehind
−72.3% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +50.1%, profit +23.6% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 2.0% vs peer median 34.2%.
- Balance sheetStretched
Debt 0.05× equity, interest covered 202.4×, Piotroski 3 of 9.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹95 Cr
- Small cap
- P/E
- n/a
- Industry 19.6
- Price to book
- 1.50
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 1.7%
- Peers 29.3%
- ROCE
- 2.0%
- Peers 34.2%
- Debt to equity
- 0.05
- Debt ₹3.30 Cr
- EPS (TTM)
- −₹4.92
- OPM (TTM)
- 0.4%
- Net margin 0.3%
- Sales growth
- +95.4%
- Latest quarter vs a year ago
- Profit growth
- +49.8%
- Latest quarter vs a year ago
- Price to sales
- 0.14
- EV/EBITDA 41.9
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 49.8% on a year ago.
- Quarterly sales up 95.4% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at 1.7%.
- 79% below its 52-week high.
- Interest coverage of only −1170.9×.
About Mini Diamonds India
Mini Diamonds India Limited manufactures, trades, and exports of natural and lab-grown diamonds and jewelry in the United Kingdom, India, and Hong Kong. It offers cut and polished diamonds, as well as studded jewelry. The company was incorporated in 1987 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 7
- Sector
- Consumer Cyclical
- ISIN
- INE281E01028
- Website
- minidiamonds.net
Price range
- Avg volume (3M)
- 2.9 L
- 1-year return
- minus 72.3%
- From 52-week high
- minus 79.1%
Peers · Luxury Goods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TITANTitan Company | 5,000.00 | plus 3.42% | 4,43,656 | 63.1 | 24.30 | 38.4% | 37.1% | 11.6% | 29.2% | 16.0% | 0.30% | plus 26.8% |
| KALYANKJILKalyan Jewellers India | 590.75 | plus 5.49% | 61,010 | 42.6 | 9.66 | 26.7% | 24.3% | 6.7% | 36.4% | 46.1% | 0.42% | plus 7.2% |
| LALITHAALalithaa Jewellery Mart | 373.50 | plus 0.50% | 20,905 | 21.9 | 6.37 | 46.1% | 41.6% | 5.7% | 23.4% | 61.8% | 0.00% | plus 50.3% |
| PCJEWELLERPC Jeweller | 15.77 | plus 1.35% | 15,467 | 17.1 | 1.65 | 10.3% | 10.8% | 24.6% | 10.7% | – | 0.00% | plus 29.0% |
| SKYGOLDSKY GOLD AND DIAMONDS | 951.95 | plus 0.31% | 14,743 | 37.3 | 10.49 | 35.9% | 33.0% | 7.5% | 76.0% | 145.4% | 0.00% | plus 164.3% |
| THANGAMAYLThangamayil Jewellery | 4,148.20 | minus 4.32% | 12,893 | 32.9 | 8.57 | 34.2% | 29.3% | 6.5% | 39.2% | 64.0% | 0.43% | plus 42.6% |
| BLUESTONEBlueStone Jewellery and Lifestyle | 710.85 | minus 2.09% | 10,867 | 102.6 | 5.92 | 7.7% | 5.8% | 17.0% | 46.8% | – | 0.00% | plus 2.0% |
| MINIDMini Diamonds India | 4.01 | 0.00% | 95 | – | 1.50 | 2.0% | 1.7% | 0.4% | 50.1% | 23.6% | 0.00% | minus 72.3% |
| Median of 7 peers | – | 0.50% | 15,467 | 37.3 | 8.57 | 34.2% | 29.3% | 7.5% | 36.4% | 61.8% | 0.00% | 29.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 101 | 149 | 167 | 150 | 197 | |
| 98 | 146 | 163 | 159 | 193 | |
| 2.5 | 3.1 | 4.2 | −8.6 | 3.7 | |
| 2.5% | 2.1% | 2.5% | −5.8% | 1.9% | |
| 0 | 0.3 | 0.1 | 0.1 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.1 | 0.1 | 0.2 | 0 | 0.1 | |
| 2.4 | 3.2 | 4.2 | −8.6 | 3.6 | |
| 26.4% | 18.8% | 31.7% | 27.8% | 25.2% | |
| 1.8 | 2.6 | 2.8 | −6.2 | 2.7 | |
| 0.76 | 0.11 | 0.12 | -5.26 | 0.11 |
Profit & loss
- Sales CAGR 3Y
- +50.1%
- Profit CAGR 3Y
- +23.6%
- ROE
- 1.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 166 | 244 | 405 | 560 | |
| – | +47.4% | +65.7% | +38.4% | |
| 168 | 242 | 400 | 568 | |
| −2.1 | 2.1 | 4.3 | −7.3 | |
| −1.3% | 0.8% | 1.1% | −1.3% | |
| 3.3 | 0.5 | 1.2 | 9 | |
| 0.1 | – | 0 | 0 | |
| 0.5 | 0.4 | 0.1 | 0 | |
| −0 | – | – | −0.4 | |
| 0.5 | 2.1 | 5.4 | 1.2 | |
| −3.5% | −0.9% | 38.3% | 14.8% | |
| 0.6 | 2.1 | 3.3 | 1.1 | |
| – | +280.7% | +53.7% | minus 67.8% | |
| 0.16 | 0.60 | 0.14 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.5 | 3.6 | 23.6 | 23.6 | |
| 2.9 | 5.1 | 39.1 | 40.1 | |
| 13.2 | 14.6 | 2.5 | 2.7 | |
| 103 | 153 | 145 | 225 | |
| 123 | 176 | 210 | 291 | |
| 2.6 | 2.2 | 2.2 | 1.8 | |
| 0.2 | 1.8 | 2.4 | 0.7 | |
| 120 | 172 | 206 | 289 | |
| 123 | 176 | 210 | 291 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −6.9 | −0.1 | −37.8 | −1.9 | |
| −2.6 | 0.2 | −0.1 | 0.5 | |
| 9.3 | 1.6 | 38.4 | 0.2 | |
| −0.2 | 1.6 | 0.6 | −1.2 | |
| −2.6 | −0 | −0.4 | −0 | |
| −9.5 | −0.2 | −38.2 | −1.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.