Mini Diamonds (India) Ltd.

BSE: MINID · Gems, Jewellery And Watches

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52W Range₹4 – ₹150

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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

1.5x

Q4 FY26 · consolidated

1.5 vs 1.5x5Y avg

EV/EBITDA

5.3x

Q4 FY26 · consolidated

5.3 vs 80.8x5Y 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
₹97 Cr1.535.35—3.2%21.3%29.2%-97.2%
Maxgrow IndiaMAXGROW
₹695 Cr——————+928.6%
PNGS Gargi Fashion Jewellery LimitedGARGI
₹650 Cr———27.0%——-30.8%
Uday Jewellery Industries LimitedUDAYJEW
₹517 Cr21.1513.1291.5%7.5%22.9%31.5%+2.0%
Priority Jewels LimitedPRIORITY
₹474 Cr———6.0%———
KD Green Industries LimitedMANBRO
₹290 Cr17.3118.95—13.9%18.1%15.1%-89.5%

As of Q4 FY26

Financials