IPO Plus

₹4.01

▼ -0.02 -0.50%

28 Oct 2026

BSE Listed

Mini Diamonds (India) Ltd. (523373)

52W Range:₹3.99₹19.23
BSE www.minidiamonds.net AI Report
Key Ratios
Checked 2h ago
Market Cap₹95 Cr
Current Price₹4.01
Previous Close₹4.03
High / Low (52w)₹19.23 / ₹3.99
Volume—
Avg Vol (1W)—
Avg Vol (1M)—
Stock P/E50.13
Book Value₹2.7
Dividend Yield0%
ROE218.09%
ROA67%
Revenue (TTM)—
Revenue Growth—
Profit Margin29.4%
Total Debt—
Shares Outstanding24 Cr
Face Value—
EPS (TTM)₹0.08
P/B1.48
Debt / Equity0.04
50 DMA—
200 DMA—
Day change-0.50%
Pros
  • Healthy return on equity of 218.1%.
  • Company is almost debt-free.
  • Revenue grew 30% YoY.
Cons
  • Stock trades at a high P/E of 50.
Quarterly Results
MetricDec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹116 Cr₹97 Cr₹101 Cr₹149 Cr₹167 Cr₹150 Cr₹197 Cr
EBITDA₹2 Cr₹-1 Cr₹2 Cr₹3 Cr₹4 Cr₹-9 Cr₹4 Cr
Net Profit₹2 Cr₹-3 Cr₹2 Cr₹3 Cr₹3 Cr₹-6 Cr₹3 Cr
EPS———————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹97 Cr₹406 Cr₹100 Cr₹149 Cr₹167 Cr₹151 Cr₹568 Cr₹196 Cr
EBITDA₹-1 Cr₹5 Cr₹2 Cr₹3 Cr₹4 Cr₹-7 Cr₹2 Cr₹4 Cr
Net Profit₹-1 Cr₹3 Cr₹2 Cr₹3 Cr₹3 Cr₹-5 Cr₹1 Cr₹3 Cr
EPS—1.4————0.09—
Balance Sheet
MetricMar 2024Mar 2025Mar 2026
Total Assets₹176 Cr₹210 Cr₹291 Cr
Total Liabilities₹168 Cr₹148 Cr₹227 Cr
Equity₹9 Cr₹63 Cr₹64 Cr
Total Debt———
Cash Flow
MetricMar 2024Mar 2025Mar 2026
Operating₹0 Cr₹-35 Cr₹-2 Cr
Investing₹0 Cr₹0 Cr₹0 Cr
Financing₹0 Cr₹38 Cr₹0 Cr
Free Cash Flow₹0 Cr₹-35 Cr₹-2 Cr
Shareholding
Promoter 4.73% Institutions 0% Public 95.27%
Efficiency & Working Capital
ROCE2.6%
Interest Coverage43.2
Dividend Payout—
Debtor Days127 d
Inventory Days56 d
Payable Days129 d
Cash Conversion Cycle54 d
Working Capital Days183 d
Shareholding Details

As of 2026-09-30

Promoter4.7%
FII0%
DII0%
Institutions0%
Public95.3%
Promoter Pledge0%
No. of Shareholders14,429
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2024Jun 2024Sept 2024Oct 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters34.6%33.9%5.1%5.1%5.1%4.9%4.9%4.9%3%3.1%4.7%4.7%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public65.4%66.1%94.9%94.9%94.9%95.1%95.1%95.1%97%96.9%95.3%95.3%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders12,76212,59413,60712,62314,54114,28113,80714,4788,6578,87313,06814,429
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Hetal Shashank DoshiPublic Shareholding8.9%2.10 Cr
Jignesh Amrutlal ThobhaniPublic Shareholding8.9%2.10 Cr
Varshaben Jigneshkumar ThobhaniPublic Shareholding8.9%2.10 Cr
Shashank Pravinchandra DoshiPublic Shareholding8.9%2.10 Cr
Vedankit Traders Private LimitedPublic Shareholding4.4%1.03 Cr
Gemzar Enterprises Private LimitedPublic Shareholding4.2%1.00 Cr
Blackberry Sarees Private LimitedPublic Shareholding4.2%1.00 Cr
Morning Vinimay Private LimitedPublic Shareholding4.2%1.00 Cr
Tripurari Deal Trade Private LimitedPublic Shareholding4.2%1.00 Cr
Dalmia Industrial Development LimitedPublic Shareholding4.2%1.00 Cr
Sappers Infra Realtors Private LimitedPublic Shareholding4.2%1.00 Cr
Shikha AggarwalPublic Shareholding4%93,96,477
Rekha D.shahPublic Shareholding2.1%50,00,000
Chandrika Kailas ShahShareholding of Promoter and Promoter Group1.5%34,69,000
Late Meena Upendra ShahShareholding of Promoter and Promoter Group1.1%26,19,660
Madhu Amit MundraPublic Shareholding1.1%25,00,000
Shreevaishno RathiPublic Shareholding1.1%25,00,000
Sonal AgrawalPublic Shareholding1.1%25,00,000
Anup Dargar HufPublic Shareholding1.1%25,03,000
Yogesh ShahShareholding of Promoter and Promoter Group1%23,59,780
Rivaan Advisors LlpShareholding of Promoter and Promoter Group0.5%11,91,160
Himanshu Kailas ShahShareholding of Promoter and Promoter Group0.3%7,64,000
Dharmesh Kailas ShahShareholding of Promoter and Promoter Group0.2%4,67,000
Minita Jaimin ShahShareholding of Promoter and Promoter Group0.1%2,70,000
Kinita Upendra ShahShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Upendra N ShahChairman / Executive Director / M D / Promoter2025
Ronish U ShahExecutive Director2025
Narayanbhai Pragjibhai KevadiaNon-Exec & Non-Independent Dir2025
Chintan Mahesh ShahIndependent Non Exe. Director2025
Niharika RoongtaIndependent Non Exe. Director2025
Ashutosh Chandraprakash TiwariIndependent Non Exe. Director2025
Ayushi LuniaCompany Secretary / Compliance Officer2025
Segments — Product
SegmentRevenueShare
Rough Diamonds₹111 Cr27.4%
Cut and Polished Diamonds₹267 Cr65.9%
Lab Grown Diamonds₹24 Cr5.8%
Jewellery₹4 Cr0.9%
Segments — Geography
RegionRevenueShare
BELGIUM₹1 Cr0.2%
UAE₹0 Cr0%
CANADA₹1 Cr0.2%
Hong kong₹1 Cr0.3%
INDIA₹402 Cr99.3%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹2302424
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-03Board Meetings—
forthcoming2026-07-09Board Meetings—
bonus2026-06-161:11:1 Bonus Issue of Equity Shares
bonus2026-06-16Bonus issue 1:1—
split2025-12-021:5face value change from 10 to 2
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202650071527
2026100608
202610001213
Company Information
Incorporated1987
ChairmanUpendra N Shah
AuditorMittal & Associates
Investor Email[email protected]
🌐 www.minidiamonds.net ↗

📍 7/A Nusser House Ground Floor, Opp Panchratna Bldg Opera Hous, Mumbai, Maharashtra, 400004

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