Minal Industries Limited

BSE: 522235
Minal Industries Limited - engineering in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L32201MH1988PLC216905 Incorporated 11 January 1988 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 522235 Public Limited Company engineering
Data last updated
Revenue · FY 2026
₹42.83 Cr
▼ 16.21% YoY
EBITDA · FY 2026
₹1.57 Cr
▼ 68.05% YoY
Net profit · FY 2026
₹59.82 Lakh
▼ 85.79% YoY
Authorised capital
₹63 Cr
Registered with MCA
Paid-up capital
₹38.38 Cr
Issued & subscribed
Open charges
₹15.9 Lakh
Secured borrowings
Company age
38 yrs
Est. 1988
Last financials
Mar 2025
Balance sheet date

About Minal Industries Limited

Data last updated: 04 January 2026

Minal Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in metal foundry and fabrication services, a part of the broader engineering sector. Incorporated on 11 January 1988, the company has been in operation for over 38 years.

Registered with ROC Mumbai under CIN L32201MH1988PLC216905. Listed on BSE: 522235.

Capital: an authorised share capital of ₹63 Cr and a paid-up capital of ₹38.38 Cr. It is led by directors including Subham Chand Jain and Ajay Jormal Mehta.

Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: 603 – L Minal Co – Op Hsg So Ltd Off Sakivihar Road Andheri – East, Mumbai, Maharashtra, India – 400072.

As per the financials filed for FY 2025, the company reported a revenue of ₹52.16 Cr, a growth of 30% compared to the previous year.

The company is associated with 1 brand - Minal Industries. As per MCA filings, the company has open charges of ₹15.9 Lakh on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website minalindustriesltd.com.

Company Details of Minal Industries Limited
CIN L32201MH1988PLC216905
Registration Number 216905
Incorporation Date 11 January 1988
ROC Mumbai
Listing Status Listed (BSE: 522235)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Shrikant Jesinglal Parikh Managing Director Subham Chand Jain Director Ajay Jormal Mehta Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    minalindustriesltd.com
  • Social Media
    **************
  • Registered Address
    603 – L Minal Co – Op Hsg So Ltd Off Sakivihar Road Andheri – East, Mumbai, Maharashtra, India – 400072
  • Industry
    Engineering, Metal Foundry & Fabrication Services
Company report
Minal Industries Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
  • PDF report delivered after checkout
₹799 ₹999 20% off
Secure checkout · GST invoice included

Unlock the full Minal Industries Limited report

Financials, compliance, directors, charges, ownership and filings for Minal Industries Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Minal Industries Limited

Minal Industries Limited has one previous CIN (Corporate Identification Number): L32201GJ1988PLC010259. The current CIN is L32201MH1988PLC216905, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L32201MH1988PLC216905 Current
L32201GJ1988PLC010259 Previous

Associated Brands with Minal Industries Limited

Minal Industries Limited operates one associated brand: Minal Industries. These brands represent Minal Industries Limited's diversified market presence and brand portfolio.

Brand Description Website
Minal Industries
Industrial operations are managed by Minal Industries since 1988. minalindustriesltd.com

Business Activity of Minal Industries Limited

Minal Industries Limited is engaged in the principal business activity of trade, with detailed activities including retail trading.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
G Trade G2 Retail Trading *********

Auditor Details of Minal Industries Limited

Minal Industries Limited is audited by RH Modi & Co (ICAI peer reviewed, certificate valid till 2027-11-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
RH Modi & Co (ICAI peer reviewed, certificate valid till 2027-11-30) FY 2026 Declaration of unmodified opinion

Board of Directors of Minal Industries Limited

Minal Industries Limited is currently managed by 7 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Subham Chand Jain
Also directs: Minal Industries Limited, Minal Infojewels Limited, Minal Infrastructures & Properties Private Limited and 5 more
Director 26 Aug 2023 2 Years 10 Months Current
Ajay Jormal Mehta
Also directs: Minal Industries Limited, Adira Ecom Llp
Director 30 Jun 2024 2 Years 0 Months Current
Divyanshu Navlakha
Also directs: Minal Industries Limited, Anshumita Jewels Private Limited, Sitara Jewellery Private Limited
Director 04 Mar 2025 1 Years 4 Months Current
Shrikant Jesinglal Parikh
Also directs: Minal Industries Limited, Minal Infojewels Limited, Minal Infrastructures & Properties Private Limited and 5 more
Managing Director 11 Jan 1988 38 Years 5 Months Current
Disha Hiteshkumar Rathod
Also directs: Minal Industries Limited
Director 30 May 2025 1 Years 1 Months Current
Showing 6 of 7 current directors. View all directors

Financials of Minal Industries Limited FY 2026 filings available

Minal Industries Limited reported revenue of ₹42.83 Cr (down 16.21% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹42.83 Cr ▼ 16.21%
Profit · FY 2026
₹59.82 Lakh ▼ 85.79%
EBITDA · FY 2026
₹1.57 Cr ▼ 68.05%
Revenue₹ Cr · Consolidated0204060FY 2020: ₹38 Cr38.5FY 2020FY 2021: ₹14 Cr · -63.6% YoY14-63.6%FY 2021FY 2022: ₹28 Cr · +101.6% YoY28.2+101.6%FY 2022FY 2023: ₹27 Cr · -5.1% YoY26.8-5.1%FY 2023FY 2024: ₹38 Cr · +41.2% YoY37.8+41.2%FY 2024FY 2025: ₹51 Cr · +35.1% YoY51.1+35.1%FY 2025FY 2026: ₹43 Cr · -16.2% YoY42.8-16.2%FY 2026
Net Profit₹ Cr · Consolidated-7.5-5-2.502.55FY 2020: ₹7 Cr (loss)-7.4FY 2020FY 2021: ₹5 Cr (loss) · +35.6% YoY-4.8FY 2021FY 2022: ₹1 Cr · +113.9% YoY0.7+113.9%FY 2022FY 2023: ₹0 Cr (loss) · -147.9% YoY-0.3FY 2023FY 2024: ₹2 Cr (loss) · -553.3% YoY-2.1FY 2024FY 2025: ₹4 Cr · +302.5% YoY4.2+302.5%FY 2025FY 2026: ₹1 Cr · -85.8% YoY0.6-85.8%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year01020Q1'25: ₹12 Cr12.3Q1'25Q2'25: ₹11 Cr10.8Q2'25Q3'25: ₹9 Cr8.9Q3'25Q4'25: ₹19 Cr19.2Q4'25Q1'26: ₹10 Cr · -18.4% YoY10-18.4%Q1'26Q2'26: ₹9 Cr · -17.4% YoY8.9-17.4%Q2'26Q3'26: ₹9 Cr · -1.8% YoY8.7-1.8%Q3'26Q4'26: ₹15 Cr · -20.8% YoY15.2-20.8%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹42.83 Cr ₹51.12 Cr ₹37.85 Cr ₹26.8 Cr ₹28.24 Cr ₹14 Cr ₹38.49 Cr
Other Income ₹2.29 Cr ₹1.04 Cr ₹2.33 Cr ₹2.34 Cr ₹2.42 Cr ₹1.28 Cr ₹1.35 Cr
Total Income ₹45.13 Cr ₹52.16 Cr ₹40.18 Cr ₹29.14 Cr ₹30.65 Cr ₹15.28 Cr ₹39.84 Cr
Cost of Materials Consumed ₹18.25 Cr ₹31.94 Cr ₹24.83 Cr ₹16.72 Cr ₹15.72 Cr ₹12.25 Cr ₹25.3 Cr
Purchases of Stock-in-Trade ₹3.58 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹72.58 Lakh
Changes in Inventories ₹6.02 Cr ₹1.89 Cr -₹2.23 Cr -₹1.81 Cr ₹34.72 Lakh -₹2.01 Cr ₹7.87 Cr
Employee Benefit Expense ₹4.77 Cr ₹3.7 Cr ₹3.87 Cr ₹2.13 Cr ₹2.15 Cr ₹1.29 Cr ₹1.92 Cr
Finance Costs ₹4.54 Lakh ₹17.45 Lakh ₹19.66 Lakh ₹1.7 Cr ₹52.95 Lakh ₹26.58 Lakh ₹45.59 Lakh
Depreciation & Amortisation ₹55.56 Lakh ₹54.7 Lakh ₹52.66 Lakh ₹68.18 Lakh ₹73.44 Lakh ₹75.28 Lakh ₹78.13 Lakh
Other Expenses ₹10.93 Cr ₹9.72 Cr ₹10.57 Cr ₹10.01 Cr ₹10.18 Cr ₹7.88 Cr ₹12.14 Cr
Total Expenses ₹44.16 Cr ₹47.97 Cr ₹37.77 Cr ₹29.44 Cr ₹29.66 Cr ₹20.43 Cr ₹49.19 Cr
Profit Before Exceptional Items & Tax ₹96.61 Lakh ₹4.18 Cr ₹2.4 Cr -₹30.09 Lakh ₹99.31 Lakh -₹5.15 Cr -₹9.35 Cr
Exceptional Items ₹0 ₹0 -₹4.09 Cr ₹0 ₹0 ₹0 ₹1.9 Cr
Profit Before Tax ₹96.61 Lakh ₹4.18 Cr -₹1.69 Cr -₹30.09 Lakh ₹99.31 Lakh -₹5.15 Cr -₹7.46 Cr
Total Tax Expense ₹36.79 Lakh -₹2.69 Lakh ₹39.33 Lakh ₹1.73 Lakh ₹32.91 Lakh -₹37.04 Lakh -₹4.04 Lakh
Net Profit ₹59.82 Lakh ₹4.21 Cr -₹2.08 Cr -₹31.82 Lakh ₹66.4 Lakh -₹4.78 Cr -₹7.42 Cr
  attributable to Owners -₹10.27 Lakh ₹2.66 Cr ₹28.76 Lakh ₹31.4 Lakh ₹40.53 Lakh -₹20.09 Cr -₹5.09 Cr
  attributable to NCI ₹70.1 Lakh ₹1.48 Cr ₹12.06 Lakh -₹63.22 Lakh ₹25.56 Lakh ₹2.69 Cr -₹2.32 Cr
Other Comprehensive Income ₹13.45 Lakh ₹0 ₹40.82 Lakh -₹3.75 Lakh ₹8.35 Lakh ₹2.87 Lakh ₹22 Lakh
Total Comprehensive Income ₹73.27 Lakh ₹4.21 Cr -₹1.67 Cr -₹35.57 Lakh ₹74.75 Lakh -₹4.75 Cr -₹7.2 Cr
EBITDA (computed) ₹1.57 Cr ₹4.9 Cr ₹3.13 Cr ₹2.08 Cr ₹2.26 Cr -₹4.13 Cr -₹8.12 Cr
Basic EPS ₹0.03 ₹0.22 ₹-0.11 ₹-0.02 ₹0.03 ₹-0.25 ₹-0.39
Diluted EPS ₹0.03 ₹0.22 ₹-0.11 ₹-0.02 ₹0.03 ₹-0.25 ₹-0.39
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Total Assets ₹87.73 Cr ₹85.16 Cr ₹91.15 Cr ₹84.28 Cr ₹72.7 Cr ₹83.4 Cr ₹88.99 Cr
Non-current Assets ₹6.54 Cr ₹6.64 Cr ₹7.01 Cr ₹8.44 Cr ₹8.45 Cr ₹13.1 Cr ₹6.16 Cr
Current Assets ₹81.19 Cr ₹78.51 Cr ₹84.13 Cr ₹75.84 Cr ₹64.25 Cr ₹70.3 Cr ₹82.83 Cr
Property, Plant & Equipment ₹2.94 Cr ₹3 Cr ₹2.95 Cr ₹3.27 Cr ₹3.52 Cr ₹3.66 Cr ₹4.06 Cr
Inventories ₹56.63 Cr ₹51.38 Cr ₹65.46 Cr ₹62.43 Cr ₹49.16 Cr ₹60.31 Cr ₹64.48 Cr
Trade Receivables ₹16.73 Cr ₹24.03 Cr ₹14.56 Cr ₹9.23 Cr ₹12.26 Cr ₹6.03 Cr ₹13.66 Cr
Cash & Equivalents ₹4.8 Cr ₹83.86 Lakh ₹27.48 Lakh ₹46.41 Lakh ₹61.9 Lakh ₹1.41 Cr ₹43.8 Lakh
Equity (Net Worth) ₹64.15 Cr ₹63.42 Cr ₹60.95 Cr ₹61.42 Cr ₹61.02 Cr ₹60.1 Cr ₹64.84 Cr
Equity Share Capital ₹38.38 Cr ₹38.38 Cr ₹38.38 Cr ₹38.38 Cr ₹38.38 Cr ₹38.38 Cr ₹38.38 Cr
Borrowings (Non-current) ₹5.27 Cr ₹7.07 Cr ₹10.29 Cr ₹0 ₹0 ₹0 ₹0
Borrowings (Current) ₹41.5 Lakh ₹41.5 Lakh ₹2.15 Cr ₹10.92 Cr ₹6.77 Cr ₹18.97 Cr ₹19.01 Cr
Total Debt (computed) ₹5.69 Cr ₹7.48 Cr ₹12.44 Cr ₹10.92 Cr ₹6.77 Cr ₹18.97 Cr ₹19.01 Cr
Current Liabilities ₹17.09 Cr ₹13.35 Cr ₹18.75 Cr ₹21.25 Cr ₹8.68 Cr ₹21.88 Cr ₹22.27 Cr
Total Liabilities ₹23.58 Cr ₹21.74 Cr ₹30.2 Cr ₹22.86 Cr ₹11.69 Cr ₹23.3 Cr ₹24.15 Cr
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹7.42 Cr ₹5.71 Cr -₹1.05 Cr -₹2.56 Cr -₹2.69 Cr
Investing Cash Flow -₹1.49 Cr -₹1.57 Cr ₹70.67 Lakh ₹1.3 Cr ₹16.61 Cr
Financing Cash Flow -₹1.97 Cr -₹3.58 Cr ₹15.17 Lakh ₹1.1 Cr ₹13.09 Cr
Capital Expenditure ₹40.65 Lakh ₹0 ₹0 ₹37.5 Lakh ₹13.79 Lakh
Free Cash Flow (computed) ₹7.01 Cr ₹5.71 Cr -₹1.05 Cr -₹2.93 Cr -₹2.83 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹3.96 Cr ₹56.38 Lakh -₹18.93 Lakh -₹15.49 Lakh ₹27.01 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹15.18 Cr ₹8.71 Cr ₹8.9 Cr ₹10.04 Cr ₹19.16 Cr ₹8.87 Cr ₹10.77 Cr ₹12.31 Cr
Other Income ₹1.19 Cr ₹33.89 Lakh ₹58.27 Lakh ₹17.96 Lakh -₹21.71 Lakh ₹87.41 Lakh ₹23.44 Lakh ₹14.82 Lakh
Total Income ₹16.37 Cr ₹9.05 Cr ₹9.48 Cr ₹10.22 Cr ₹18.95 Cr ₹9.75 Cr ₹11.01 Cr ₹12.46 Cr
Cost of Materials Consumed ₹4.4 Cr ₹6.59 Cr ₹5.31 Cr ₹5.33 Cr ₹15.31 Cr ₹4.2 Cr ₹6.98 Cr ₹5.46 Cr
Purchases of Stock-in-Trade ₹20.66 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹5.75 Cr -₹2.03 Cr ₹1.26 Cr ₹1.04 Cr -₹1.91 Cr ₹1.97 Cr ₹31.29 Lakh ₹1.52 Cr
Employee Benefit Expense ₹1.51 Cr ₹1.13 Cr ₹1.09 Cr ₹1.05 Cr ₹97.91 Lakh ₹92.6 Lakh ₹74.97 Lakh ₹1.04 Cr
Finance Costs ₹91,000 ₹1.95 Lakh -₹53,000 ₹2.22 Lakh ₹7.25 Lakh ₹3.72 Lakh ₹3.08 Lakh ₹3.4 Lakh
Depreciation & Amortisation ₹14.29 Lakh ₹13.82 Lakh ₹13.7 Lakh ₹13.75 Lakh ₹13.43 Lakh ₹14.17 Lakh ₹14.11 Lakh ₹12.99 Lakh
Other Expenses ₹2.43 Cr ₹4.2 Cr ₹2.41 Cr ₹1.89 Cr ₹85.05 Lakh ₹2.74 Cr ₹2.54 Cr ₹3.6 Cr
Total Expenses ₹14.45 Cr ₹10.05 Cr ₹10.21 Cr ₹9.46 Cr ₹15.43 Cr ₹10.01 Cr ₹10.75 Cr ₹11.78 Cr
Profit Before Exceptional Items & Tax ₹1.92 Cr -₹99.44 Lakh -₹72.79 Lakh ₹76.62 Lakh ₹3.51 Cr -₹26.31 Lakh ₹25.93 Lakh ₹67.48 Lakh
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹1.92 Cr -₹99.44 Lakh -₹72.79 Lakh ₹76.62 Lakh ₹3.51 Cr -₹26.31 Lakh ₹25.93 Lakh ₹67.48 Lakh
Total Tax Expense ₹29.86 Lakh -₹1,000 -₹1.56 Lakh ₹8.48 Lakh -₹2.42 Lakh -₹25.08 Lakh -₹3.29 Lakh ₹28.11 Lakh
Net Profit ₹1.62 Cr -₹99.43 Lakh -₹71.23 Lakh ₹68.14 Lakh ₹3.54 Cr -₹1.23 Lakh ₹29.22 Lakh ₹39.37 Lakh
  attributable to Owners ₹35.76 Lakh -₹57.62 Lakh -₹41.23 Lakh ₹52.82 Lakh ₹2.06 Cr ₹50.53 Lakh -₹22.58 Lakh ₹36.7 Lakh
  attributable to NCI ₹1.27 Cr -₹41.9 Lakh -₹30.17 Lakh ₹15.32 Lakh ₹1.48 Cr ₹72.7 Lakh ₹51.9 Lakh ₹2.5 Lakh
Other Comprehensive Income -₹2.88 Lakh ₹2.38 Lakh ₹83,000 ₹13.12 Lakh ₹0 -₹1.94 Lakh ₹2.02 Lakh -₹6.82 Lakh
Total Comprehensive Income ₹1.59 Cr -₹97.05 Lakh -₹70.4 Lakh ₹81.26 Lakh ₹3.54 Cr -₹3.17 Lakh ₹31.24 Lakh ₹32.55 Lakh
EBITDA (computed) ₹2.07 Cr -₹83.67 Lakh -₹59.62 Lakh ₹92.59 Lakh ₹3.72 Cr -₹8.42 Lakh ₹43.12 Lakh ₹83.87 Lakh
Basic EPS ₹0.08 ₹-0.05 ₹-0.04 ₹0.04 ₹0.18 ₹0.00 ₹-0.04 ₹0.02
Diluted EPS ₹0.08 ₹-0.05 ₹-0.04 ₹0.04 ₹0.18 ₹0.00 ₹-0.04 ₹0.02
Latest 8 quarters shown.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹7.26 Cr ₹77.85 Lakh ₹1.05 Cr ₹4.3 Cr ₹73.23 Lakh ₹0 ₹0 ₹0
Other Income ₹44.9 Lakh ₹21.73 Lakh ₹62.44 Lakh ₹60.29 Lakh ₹56.63 Lakh ₹1.43 Cr ₹2.33 Cr ₹99.06 Lakh
Total Income ₹7.71 Cr ₹99.58 Lakh ₹1.68 Cr ₹4.9 Cr ₹1.3 Cr ₹1.43 Cr ₹2.33 Cr ₹99.06 Lakh
Cost of Materials Consumed ₹0 ₹0 ₹3.01 Lakh ₹4.97 Cr ₹13.36 Lakh ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹3.58 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹3.13 Cr ₹83.31 Lakh ₹33.08 Lakh -₹1.81 Cr ₹34.72 Lakh -₹1.08 Lakh ₹5.37 Cr ₹0
Employee Benefit Expense ₹93.23 Lakh ₹44.91 Lakh ₹47.92 Lakh ₹8.97 Lakh ₹9.66 Lakh ₹4.64 Lakh ₹6 Lakh ₹5.63 Lakh
Finance Costs ₹1,000 ₹2.36 Lakh ₹25,000 ₹6.26 Lakh ₹4,000 ₹16,000 ₹1.01 Lakh ₹0
Depreciation & Amortisation ₹3.71 Lakh ₹3.65 Lakh ₹3.67 Lakh ₹2.83 Lakh ₹3.61 Lakh ₹3.69 Lakh ₹3.81 Lakh ₹29.32 Lakh
Other Expenses ₹29.27 Lakh ₹77.34 Lakh ₹19.2 Lakh ₹56.74 Lakh ₹31.08 Lakh ₹18.59 Cr ₹1.37 Cr ₹71.42 Lakh
Total Expenses ₹7.97 Cr ₹2.12 Cr ₹1.07 Cr ₹3.92 Cr ₹92.47 Lakh ₹18.67 Cr ₹6.85 Cr ₹1.06 Cr
Profit Before Exceptional Items & Tax -₹26.41 Lakh -₹1.12 Cr ₹60.64 Lakh ₹98.04 Lakh ₹37.39 Lakh -₹17.24 Cr -₹4.52 Cr -₹7.31 Lakh
Exceptional Items ₹0 ₹0 -₹4.09 Cr ₹0 ₹0 ₹0 ₹1.9 Cr ₹0
Profit Before Tax -₹26.41 Lakh -₹1.12 Cr -₹3.48 Cr ₹98.04 Lakh ₹37.39 Lakh -₹17.24 Cr -₹2.62 Cr -₹7.31 Lakh
Total Tax Expense ₹43.02 Lakh -₹48,000 -₹87,000 -₹1.99 Lakh ₹1.46 Lakh ₹15,000 ₹8,000 -₹8.21 Lakh
Net Profit -₹69.43 Lakh -₹1.12 Cr -₹3.47 Cr ₹1 Cr ₹35.93 Lakh -₹17.24 Cr -₹2.62 Cr ₹90,000
Other Comprehensive Income ₹3,000 ₹0 ₹1.44 Lakh -₹1.18 Lakh ₹0 ₹0 ₹0 ₹0
Total Comprehensive Income -₹69.4 Lakh -₹1.12 Cr -₹3.46 Cr ₹98.85 Lakh ₹35.93 Lakh -₹17.24 Cr -₹2.62 Cr ₹90,000
EBITDA (computed) -₹22.69 Lakh -₹1.06 Cr ₹64.56 Lakh ₹1.07 Cr ₹41.04 Lakh -₹17.2 Cr -₹4.47 Cr ₹22.01 Lakh
Basic EPS ₹-0.04 ₹-0.06 ₹-0.18 ₹0.05 ₹0.02 ₹-0.90 ₹-0.14 ₹0.00
Diluted EPS ₹-0.04 ₹-0.06 ₹-0.18 ₹0.05 ₹0.02 ₹-0.90 ₹-0.14 ₹0.00
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹37.33 Cr ₹38.17 Cr ₹39.92 Cr ₹44.28 Cr ₹41.59 Cr ₹41.28 Cr ₹58.43 Cr ₹61.47 Cr
Non-current Assets ₹9.5 Cr ₹9.25 Cr ₹9.58 Cr ₹10.81 Cr ₹13.26 Cr ₹14.16 Cr ₹12.92 Cr ₹13.06 Cr
Current Assets ₹27.84 Cr ₹28.92 Cr ₹30.33 Cr ₹33.47 Cr ₹28.33 Cr ₹27.12 Cr ₹45.51 Cr ₹48.4 Cr
Property, Plant & Equipment ₹67.47 Lakh ₹42.37 Lakh ₹46.02 Lakh ₹49.69 Lakh ₹52.52 Lakh ₹56.13 Lakh ₹59.82 Lakh ₹68.47 Lakh
Inventories ₹6.32 Cr ₹9.45 Cr ₹10.28 Cr ₹10.61 Cr ₹8.81 Cr ₹9.15 Cr ₹9.14 Cr ₹14.51 Cr
Trade Receivables ₹40.84 Lakh ₹4.04 Cr ₹4.09 Cr ₹3.45 Cr ₹73.23 Lakh ₹0 ₹7.83 Lakh ₹11.8 Cr
Cash & Equivalents ₹4.25 Cr ₹7.47 Lakh ₹4.34 Lakh ₹25.81 Lakh ₹4.83 Lakh ₹1.5 Lakh ₹73,000 ₹1.25 Lakh
Equity (Net Worth) ₹37.07 Cr ₹37.77 Cr ₹38.88 Cr ₹42.34 Cr ₹41.35 Cr ₹40.99 Cr ₹58.23 Cr ₹60.85 Cr
Equity Share Capital ₹38.38 Cr ₹38.38 Cr ₹38.38 Cr ₹38.38 Cr ₹38.38 Cr ₹38.38 Cr ₹38.38 Cr ₹38.38 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Borrowings (Current) ₹0 ₹0 ₹17.31 Lakh ₹0 ₹0 ₹0 ₹0 ₹34.51 Lakh
Total Debt (computed) ₹0 ₹0 ₹17.31 Lakh ₹0 ₹0 ₹0 ₹0 ₹34.51 Lakh
Current Liabilities ₹24.44 Lakh ₹40.11 Lakh ₹1.03 Cr ₹1.85 Cr ₹13.68 Lakh ₹21.44 Lakh ₹13.2 Lakh ₹55.05 Lakh
Total Liabilities ₹26.34 Lakh ₹40.59 Lakh ₹1.04 Cr ₹1.94 Cr ₹23.4 Lakh ₹28.82 Lakh ₹20.26 Lakh ₹61.58 Lakh
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹5.78 Cr -₹32.91 Lakh -₹4.94 Cr -₹2.41 Cr ₹2.05 Cr
Investing Cash Flow -₹1.61 Cr ₹55.97 Lakh ₹20,000 ₹2.62 Cr -₹42.12 Lakh
Financing Cash Flow -₹1,000 -₹19.94 Lakh ₹17.06 Lakh ₹0 ₹0
Capital Expenditure ₹28.8 Lakh ₹0 ₹0 ₹0 ₹0
Free Cash Flow (computed) ₹5.49 Cr -₹32.91 Lakh -₹4.94 Cr -₹2.41 Cr ₹2.05 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹4.17 Cr ₹3.12 Lakh -₹4.77 Cr ₹20.98 Lakh ₹1.63 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹23.02 Lakh ₹33.46 Lakh ₹1.04 Cr ₹5.66 Cr ₹0 ₹2.42 Lakh ₹0 ₹75.42 Lakh
Other Income ₹19.33 Lakh ₹9.65 Lakh ₹7.65 Lakh ₹8.27 Lakh ₹5.27 Lakh ₹8.04 Lakh ₹3.1 Lakh ₹5.32 Lakh
Total Income ₹42.35 Lakh ₹43.11 Lakh ₹1.11 Cr ₹5.74 Cr ₹5.27 Lakh ₹10.46 Lakh ₹3.1 Lakh ₹80.74 Lakh
Cost of Materials Consumed ₹0 ₹33.12 Lakh ₹1.02 Cr ₹2.03 Cr ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹20.66 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹1.51 Lakh -₹1.36 Lakh -₹1.45 Lakh ₹3.14 Cr ₹1,000 ₹1.31 Lakh ₹72.29 Lakh ₹9.7 Lakh
Employee Benefit Expense ₹43.88 Lakh ₹19.27 Lakh ₹15.18 Lakh ₹14.9 Lakh ₹11.48 Lakh ₹11.44 Lakh ₹10.29 Lakh ₹11.7 Lakh
Finance Costs -₹2,000 ₹2,000 ₹1,000 ₹0 ₹36,000 ₹93,000 ₹78,000 ₹55,000
Depreciation & Amortisation ₹96,000 ₹93,000 ₹92,000 ₹91,000 ₹95,000 ₹90,000 ₹89,000 ₹91,000
Other Expenses ₹11.27 Lakh ₹7.81 Lakh ₹6.53 Lakh ₹3.65 Lakh ₹45.37 Lakh ₹16.26 Lakh ₹3.73 Lakh ₹11.71 Lakh
Total Expenses ₹78.26 Lakh ₹59.79 Lakh ₹1.23 Cr ₹5.36 Cr ₹58.17 Lakh ₹30.84 Lakh ₹87.98 Lakh ₹34.57 Lakh
Profit Before Exceptional Items & Tax -₹35.91 Lakh -₹16.68 Lakh -₹11.74 Lakh ₹37.92 Lakh -₹52.9 Lakh -₹20.38 Lakh -₹84.88 Lakh ₹46.17 Lakh
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹35.91 Lakh -₹16.68 Lakh -₹11.74 Lakh ₹37.92 Lakh -₹52.9 Lakh -₹20.38 Lakh -₹84.88 Lakh ₹46.17 Lakh
Total Tax Expense ₹43.02 Lakh ₹0 ₹0 ₹0 -₹49,000 ₹1,000 -₹11.74 Lakh ₹11.74 Lakh
Net Profit -₹78.93 Lakh -₹16.68 Lakh -₹11.74 Lakh ₹37.92 Lakh -₹52.41 Lakh -₹20.39 Lakh -₹73.14 Lakh ₹34.43 Lakh
Other Comprehensive Income ₹4,000 ₹1,000 ₹2,000 -₹3,000 ₹0 ₹0 -₹20,000 ₹11,000
Total Comprehensive Income -₹78.89 Lakh -₹16.67 Lakh -₹11.72 Lakh ₹37.89 Lakh -₹52.41 Lakh -₹20.39 Lakh -₹73.34 Lakh ₹34.54 Lakh
EBITDA (computed) -₹34.97 Lakh -₹15.73 Lakh -₹10.81 Lakh ₹38.83 Lakh -₹51.59 Lakh -₹18.55 Lakh -₹83.21 Lakh ₹47.63 Lakh
Basic EPS ₹-0.04 ₹-0.01 ₹-0.01 ₹0.02 ₹-0.03 ₹-0.01 ₹-0.04 ₹0.02
Diluted EPS ₹-0.04 ₹-0.01 ₹-0.01 ₹0.02 ₹-0.03 ₹0.01 ₹-0.40 ₹0.02
Latest 8 quarters shown.
Want more history and ratios?
You're viewing the latest exchange-filed financials for Minal Industries Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Minal Industries Limited

As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 40.78%, retail and other public shareholders hold 59.22% of Minal Industries Limited. The company had 14,649 shareholders on record.

Promoters: 40.78%Retail & Others: 59.22%
Mar 2026
QUARTER
40.78% Promoters
59.22% Retail & Others
Promoter holding - history
Now 40.78% · Mar 2026High 59.74% · Jun 2023Low 40.63% · Mar 2024
39%44.5%50%55.5%61%Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 2023: 59.74%Sep 2023: 59.74%Dec 2023: 59.42%Mar 2024: 40.63%Jun 2024: 40.63%Sep 2024: 40.63%Dec 2024: 40.63%Mar 2025: 40.63%Jun 2025: 40.63%Sep 2025: 40.63%Dec 2025: 40.63%Mar 2026: 40.78%59.74%40.63%40.78%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters40.78%40.63%40.63%40.63%40.63%40.63%
Public59.22%59.37%59.37%59.37%59.37%59.37%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024
Promoters40.78%40.63%40.63%
Public59.22%59.37%59.37%
Promoter change (YoY, %pts)+0.15+0.00-

Group Structure of Minal Industries Limited

Minal Industries Limited has 1 associated company. This group structure data is as of FY 2024. The corporate group structure reflects Minal Industries Limited's business expansion strategy and organizational complexity.

1
Associated companies

Charges & Borrowings of Minal Industries Limited

Open charges
₹15.9 Lakh
Satisfied charges
₹0
Breakdown by lending institutions
Gujrat State Financial Corporation₹0.15 Cr
Corporation Bank₹0.01 Cr
Latest charge details
DateLenderAmountStatus
15 Oct 1992 Corporation Bank ₹1.25 Lakh Open
21 Jun 1988 Gujrat State Financial Corporation ₹14.65 Lakh Open

Total charge records: 2 View all charges

Employees and EPFO Compliance at Minal Industries Limited

View historical data on people associated with Minal Industries Limited, including employment history and EPFO contributions.

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Minal Industries Limited

Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.

Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Minal Industries Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Minal Industries Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Minal Industries Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Minal Industries Limited

Access complete credit rating history, litigation records, regulatory alerts, and compliance data.

Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Minal Industries Limited

MSME Payment Delays by Minal Industries Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Minal Industries Limited

Subsidiaries & Group Companies of Minal Industries Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Minal Industries Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Minal Industries Limited

MCA Filings & Documents of Minal Industries Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Minal Industries Limited

Activity
26 Sep 2025
Minal Industries Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Directors
30 May 2025
Disha Hiteshkumar Rathod was appointed as a Director on 30 May 2025 & has been associated with this company since 1 year 1 month.
Activity
31 Mar 2025
Minal Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Directors
04 Mar 2025
Divyanshu Navlakha was appointed as a Director on 04 Mar 2025 & has been associated with this company since 1 year 4 months.
Directors
30 Jun 2024
Ajay Jormal Mehta was appointed as a Director on 30 Jun 2024 & has been associated with this company since 2 years 8 days.
Directors
26 Aug 2023
Subham Chand Jain was appointed as a Director on 26 Aug 2023 & has been associated with this company since 2 years 10 months.

Recent News on Minal Industries Limited

Minal Industries shifts registered office
03 May 2018 · Business Standard

Frequently Asked Questions about Minal Industries Limited

Minal Industries Limited is an active public limited company in the engineering sector based in Mumbai, Maharashtra, India. It was incorporated on 11 January 1988 (38+ years old) and is registered under CIN L32201MH1988PLC216905. Listed on BSE: 522235.

Minal Industries Limited reported revenue of ₹52.16 Cr for FY 2025 (up 30.00% YoY).

The current directors of Minal Industries Limited are:

The primary industry of Minal Industries Limited is engineering. The company specifically operates in metal foundry and fabrication services. The company is currently active in this sector.

Yes. Minal Industries Limited is listed on BSE with code 522235.

Minal Industries Limited can be reached at the registered office: 603 – L Minal Co – Op Hsg So Ltd Off Sakivihar Road Andheri – East, Mumbai, Maharashtra, India – 400072, or through the website minalindustriesltd.com.

7M+ Indian companies. One platform.

Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

Subscription plans available