Mini Diamonds (India) Ltd.

BSE: MINID · Gems, Jewellery And Watches

52W Range₹5 ₹182

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Snapshot

Unlock Mini Diamonds (India) Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Mini Diamonds (India) Limited is an established player in the Indian diamond industry, specialising in the manufacturing, processing, and export of cut and polished diamonds. The company operates from Mumbai, sourcing rough diamonds internationally to supply both domestic and global wholesale and retail markets.

Business Model

The company generates revenue by sourcing rough diamonds from international markets, processing them through precision cutting, and distributing the finished polished stones to a diverse client base. It is currently diversifying its portfolio by expanding into the laboratory-grown diamond segment.

Growth Outlook

The company is focusing on the expansion of its laboratory-grown diamond segment to align with evolving consumer preferences. This strategic pivot aims to capture emerging market demand for sustainable and alternative diamond products.

Key Risks

  • Commodity Price Volatility. Fluctuations in the prices of rough and polished diamonds can significantly impact profit margins.
  • Supply Chain Dependency. The company relies on international sourcing for rough diamonds, making it vulnerable to geopolitical tensions and trade disruptions.
  • Market Competition. The gems and jewellery sector is highly competitive, with numerous small and large players vying for market share.
  • Consumer Preference Shifts. The transition towards laboratory-grown diamonds carries execution risk and uncertainty regarding long-term consumer acceptance.

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Key Metrics

P/E

2.3x

Q4 FY26 · consolidated

2.3 vs 2.2x5Y avg

EV/EBITDA

11.5x

Q4 FY26 · consolidated

11.5 vs 168.5x5Y avg

NET PROFIT MARGIN

4.1%

Q4 FY26 · consolidated

+1.2 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

+0.00xYoY

Peers · Gems, Jewellery And Watches

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Mini Diamonds (India) Ltd.MINID
₹119 Cr1.926.543.2%21.3%29.2%-96.9%
Maxgrow IndiaMAXGROW
₹632 Cr2.0%+1200.7%
RBZ Jewellers LimitedRBZJEWEL
₹585 Cr10.307.4530.3%14.3%20.8%30.5%+6.5%
PNGS Gargi Fashion Jewellery LimitedGARGI
₹576 Cr27.0%-37.2%
Uday Jewellery Industries LimitedUDAYJEW
₹464 Cr17.7813.64128.5%7.0%25.1%33.4%-18.8%
Manbro Industries LimitedMANBRO
₹346 Cr35.93345.70270.3%2.3%2.3%-89.7%

As of Q4 FY26

Financials