MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0130380
Market Cap
₹94.28 Cr
MINID · BSE
Share Price
₹4.01
+0.25% today
Revenue
₹567 Cr
FY 2025-26 · +39.8% YoY
EBITDA
₹1.20 Cr
Margin 0.2%
Net Profit
₹1.39 Cr
FY 2025-26 · -68.0% YoY
P/E (TTM)
48.9x
P/B 1.5x
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹47.14 Cr
Issued & subscribed
About Mini Diamonds (India) Limited
Data last updated:
Mini Diamonds (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 12 February 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L36912MH1987PLC042515. Its GSTIN is 27AAACM5082D1ZO (Maharashtra). The company holds 2 GST registrations, of which 1 is active. Its shares are listed on BSE: 523373.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹47.14 Cr. It was formerly known as Kini Gems Private Limited. It is led by directors including Upendra Narottamdas Shah (Managing Director) and Ronish U Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Dw – 9020 Bharat Diamond Bourse Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹567.22 Cr, a growth of 39.8% compared to the previous year. For the same year it recorded a net profit of ₹1.39 Cr (net margin 0.2%) and EBITDA of ₹1.2 Cr (EBITDA margin 0.2%). The net worth stands at ₹63.7 Cr (up 1.7% YoY). Total assets are valued at ₹66.36 Cr (up 1.9% YoY).
The company is associated with 1 brand: Mini Diamonds. As per MCA filings, the company has satisfied charges of ₹15.9 Cr on record. Court records list 4 cases involving the company, including 4 filed against it. The company has 14 deals on record (14 market trades); the latest was in October 2024. Its 6 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 2 larger and 4 smaller; the largest is Luxury Jewelry (India) Private Limited with revenue of ₹418.54 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2022, listing 6 overdue payments to 3 micro and small suppliers.
Mini Diamonds (India) Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0130380). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website minidiamonds.net.
Company details
CIN L36912MH1987PLC042515
Registration Number 042515
Incorporation Date 12 February 1987
ROC Mumbai
Listing Status Listed (BSE: 523373)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0130380
CIN history
Mini Diamonds (India) has one previous CIN (Corporate Identification Number): U36912MH1987PLC042515. The current CIN is L36912MH1987PLC042515, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L36912MH1987PLC042515 | Current |
| U36912MH1987PLC042515 | Previous |
Key People
Upendra Narottamdas Shah Managing Director Ronish U Shah Director Niharika Roongta Director Recognitions & Rankings of Mini Diamonds (India)
Contact details
Mini Diamonds (India) Limited's registered office is in Mumbai, Maharashtra. Its website is minidiamonds.net. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressDw – 9020 Bharat Diamond Bourse Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Mini Diamonds (India) Limited, buy the company report.
Comprehensive company report
Mini Diamonds (India) Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Mini Diamonds (India) operates one associated brand: Mini Diamonds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Natural and lab-grown diamonds and jewelry are manufactured and exported. | minidiamonds.net |
Business activity
The main business activity of Mini Diamonds (India) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Mini Diamonds (India) Limited, buy the company report.
Financials of Mini Diamonds (India) Limited
FY 2025-26 filings availableMini Diamonds (India) Limited reported revenue of ₹567.22 Cr (up 39.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹567 Cr
+39.8% YoY
EBITDA
₹1.20 Cr
-78.2% YoY
Profit After Tax
₹1.39 Cr
-68.0% YoY
Net Worth
₹63.70 Cr
+1.7% YoY
Total Assets
₹66.36 Cr
+1.9% YoY
Total Debt
₹2.66 Cr
+7.7% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 567 | 406 | 246 |
| Revenue growth | +39.8% | +65.2% | - |
| EBITDA | 1.20 | 5.51 | 2.48 |
| EBITDA margin | +0.2% | +1.4% | +1.0% |
| Profit before tax | 1.24 | 5.35 | 2.12 |
| Net profit | 1.39 | 4.34 | 2.14 |
| Net profit margin | +0.3% | +1.1% | +0.9% |
| EPS (₹) | 0.09 | 1.40 | 6.02 |
| Balance sheet | |||
| Total assets | 66.36 | 65.10 | 23.24 |
| Net worth | 63.70 | 62.63 | 8.67 |
| Total debt | 2.66 | 2.47 | 14.57 |
| Cash & bank | 1.18 | 2.39 | 1.82 |
| Net working capital | 64.55 | 62.89 | 20.96 |
| Cash flow | |||
| Cash from operations | (1.88) | (37.75) | (0.12) |
| Cash from investing | 0.48 | (0.05) | 0.15 |
| Cash from financing | 0.19 | 38.38 | 1.56 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 197 | 150 | 167 | 149 | 101 | 96.83 | 116 |
| Revenue growth (YoY) | +95.4% | +54.9% | +44.5% | - | - | - | - |
| Other income | 0.00 | 0.11 | 0.13 | 0.27 | 0.00 | 0.25 | 0.11 |
| EBITDA | 3.70 | (8.65) | 4.24 | 3.08 | 2.53 | (0.90) | 2.26 |
| EBITDA margin | +1.9% | -5.8% | +2.5% | +2.1% | +2.5% | -0.9% | +2.0% |
| Depreciation | 0.11 | 0.01 | 0.19 | 0.12 | 0.11 | 0.03 | 0.14 |
| Interest | 0.02 | 0.01 | 0.02 | 0.01 | 0.00 | 0.02 | 0.05 |
| Profit before tax | 3.57 | (8.56) | 4.16 | 3.22 | 2.42 | (0.70) | 2.18 |
| Tax | 0.90 | (2.38) | 1.32 | 0.61 | 0.64 | 2.05 | 0.00 |
| Net profit | 2.67 | (6.18) | 2.84 | 2.61 | 1.78 | (2.75) | 2.18 |
| EPS (₹) | 0.11 | (0.52) | 0.24 | 1.11 | 0.76 | (1.17) | 0.92 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 568 | 406 | 246 | 170 | 90.68 | 20.61 | 56.39 |
| Revenue growth | +40.0% | +65.2% | +44.9% | +86.9% | +340.0% | -63.5% | - |
| EBITDA | 1.71 | 5.63 | 2.48 | 1.19 | 0.28 | 0.20 | (0.68) |
| EBITDA margin | +0.3% | +1.4% | +1.0% | +0.7% | +0.3% | +1.0% | -1.2% |
| Profit before tax | 1.79 | 5.48 | 2.12 | 0.55 | 0.20 | 0.13 | (0.91) |
| Net profit | 1.60 | 4.48 | 2.14 | 0.57 | 0.19 | 0.13 | (0.95) |
| Net profit margin | +0.3% | +1.1% | +0.9% | +0.3% | +0.2% | +0.6% | -1.7% |
| EPS (₹) | 0.14 | 1.46 | 6.02 | 1.63 | 0.62 | 0.41 | (2.79) |
| Balance sheet | |||||||
| Total assets | 67.00 | 64.97 | 23.24 | 19.54 | 9.57 | 11.57 | 13.57 |
| Net worth | 64.37 | 62.77 | 8.67 | 6.31 | 5.75 | 5.71 | 5.45 |
| Total debt | 2.63 | 2.20 | 14.57 | 13.23 | 3.82 | 5.85 | 8.12 |
| Cash & bank | 1.15 | 2.36 | 1.82 | 0.23 | 0.42 | 0.07 | 0.20 |
| Net working capital | 65.28 | 62.86 | 20.96 | 16.83 | 8.97 | 11.24 | 13.20 |
| Cash flow | |||||||
| Cash from operations | (2.12) | (37.63) | (0.12) | (6.91) | 2.73 | 2.14 | 4.67 |
| Cash from investing | 0.49 | 0.06 | 0.15 | (2.57) | (0.35) | 0.00 | 0.01 |
| Cash from financing | 0.42 | 38.11 | 1.56 | 9.29 | (2.04) | (2.27) | (4.97) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 196 | 151 | 167 | 149 | 100 | 96.79 | 116 | 104 |
| Revenue growth (YoY) | +95.5% | +56.3% | +44.1% | +43.7% | +12.7% | - | - | - |
| Other income | 0.00 | 0.11 | 0.13 | 0.27 | 0.00 | 1.81 | 0.11 | 0.00 |
| Total expenses | 193 | 159 | 162 | 146 | 97.91 | 97.64 | 113 | 102 |
| EBITDA | 3.77 | (7.64) | 4.42 | 3.24 | 2.55 | (0.85) | 2.34 | 2.18 |
| EBITDA margin | +1.9% | -5.0% | +2.7% | +2.2% | +2.5% | -0.9% | +2.0% | +2.1% |
| Depreciation | 0.10 | (0.02) | 0.18 | 0.13 | 0.10 | 0.03 | 0.14 | 0.13 |
| Interest | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | 0.02 | 0.05 | 0.00 |
| Profit before tax | 3.65 | (7.53) | 4.36 | 3.37 | 2.45 | 0.91 | 2.26 | 2.05 |
| Tax | 0.93 | (2.37) | 1.09 | 0.61 | 0.64 | 2.05 | 0.00 | 0.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 197 | 150 | 167 | 149 | 101 | 96.83 | 116 |
| Revenue growth (YoY) | +95.4% | +54.9% | +44.5% | - | - | - | - |
| Other income | 0.00 | 0.11 | 0.13 | 0.27 | 0.00 | 0.25 | 0.11 |
| EBITDA | 3.70 | (8.65) | 4.24 | 3.08 | 2.53 | (0.90) | 2.26 |
| EBITDA margin | +1.9% | -5.8% | +2.5% | +2.1% | +2.5% | -0.9% | +2.0% |
| Depreciation | 0.11 | 0.01 | 0.19 | 0.12 | 0.11 | 0.03 | 0.14 |
| Interest | 0.02 | 0.01 | 0.02 | 0.01 | 0.00 | 0.02 | 0.05 |
| Profit before tax | 3.57 | (8.56) | 4.16 | 3.22 | 2.42 | (0.70) | 2.18 |
| Tax | 0.90 | (2.38) | 1.32 | 0.61 | 0.64 | 2.05 | 0.00 |
| Net profit | 2.67 | (6.18) | 2.84 | 2.61 | 1.78 | (2.75) | 2.18 |
| EPS (₹) | 0.11 | (0.52) | 0.24 | 1.11 | 0.76 | (1.17) | 0.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 567 | 406 | 246 |
| Revenue growth | +39.8% | +65.2% | - |
| Other income | 0.50 | 0.35 | 0.11 |
| Total expenses | 566 | 400 | 243 |
| Employee cost | 0.00 | 0.35 | 0.51 |
| EBITDA | 1.20 | 5.51 | 2.48 |
| EBITDA margin | +0.2% | +1.4% | +1.0% |
| Depreciation | 0.42 | 0.42 | 0.44 |
| Interest | 0.04 | 0.09 | 0.03 |
| Profit before tax | 1.24 | 5.35 | 2.12 |
| Tax | 0.18 | 2.05 | (0.02) |
| Net profit | 1.39 | 4.34 | 2.14 |
| Net profit margin | +0.3% | +1.1% | +0.9% |
| EPS (₹) | 0.09 | 1.40 | 6.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 23.57 | 23.57 | 3.57 |
| Reserves & surplus | 40.13 | 39.06 | 5.10 |
| Shareholders' funds (net worth) | 63.70 | 62.63 | 8.67 |
| Minority interest | (0.01) | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 2.66 | 2.47 | 14.57 |
| Total debt | 2.66 | 2.47 | 14.57 |
| Total liabilities | 66.36 | 65.10 | 23.24 |
| Assets | |||
| Gross block | 4.88 | 4.87 | 4.43 |
| Net block | 1.78 | 2.19 | 2.17 |
| Capital work in progress | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 |
| Inventories | 87.59 | 38.10 | 19.52 |
| Sundry debtors | 197 | 154 | 146 |
| Cash & bank balances | 1.18 | 2.39 | 1.82 |
| Loans & advances | 3.09 | 13.08 | 6.40 |
| Total current assets | 289 | 208 | 174 |
| Total current liabilities | 225 | 145 | 153 |
| Net working capital | 64.55 | 62.89 | 20.96 |
| Total assets | 66.36 | 65.10 | 23.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 2.39 | 1.82 | 0.23 |
| Net cash from operating activities | (1.88) | (37.75) | (0.12) |
| Net cash from investing activities | 0.48 | (0.05) | 0.15 |
| Net cash from financing activities | 0.19 | 38.38 | 1.56 |
| Net change in cash | (1.21) | 0.57 | 1.59 |
| Closing cash | 1.18 | 2.39 | 1.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | +39.8% | +65.2% | - |
| EBITDA growth | -78.2% | +122.2% | - |
| PBT growth | -76.8% | +152.4% | +9997.0% |
| Net income growth | -68.0% | +102.8% | - |
| Profitability & leverage | |||
| Net income margin | +0.2% | +0.8% | +0.9% |
| Return on capital employed | - | +15.9% | +9.3% |
| Return on net worth | - | +12.2% | +24.8% |
| Debt / equity | - | 0.24 | 1.68 |
| Long-term debt / equity | - | 0.00 | 0.00 |
| Interest cover | 5.13 | 1.77 | 1.47 |
| Efficiency & per share | |||
| Fixed asset turnover | - | 87.24 | 55.44 |
| Inventory turnover | - | 14.08 | 12.58 |
| Debtors turnover | - | 2.70 | 1.68 |
| EPS (₹) | 0.09 | 1.40 | 6.02 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 26.57 | 24.29 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 196 | 151 | 167 | 149 | 100 | 96.79 | 116 | 104 |
| Revenue growth (YoY) | +95.5% | +56.3% | +44.1% | +43.7% | +12.7% | - | - | - |
| Other income | 0.00 | 0.11 | 0.13 | 0.27 | 0.00 | 1.81 | 0.11 | 0.00 |
| Total expenses | 193 | 159 | 162 | 146 | 97.91 | 97.64 | 113 | 102 |
| EBITDA | 3.77 | (7.64) | 4.42 | 3.24 | 2.55 | (0.85) | 2.34 | 2.18 |
| EBITDA margin | +1.9% | -5.0% | +2.7% | +2.2% | +2.5% | -0.9% | +2.0% | +2.1% |
| Depreciation | 0.10 | (0.02) | 0.18 | 0.13 | 0.10 | 0.03 | 0.14 | 0.13 |
| Interest | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | 0.02 | 0.05 | 0.00 |
| Profit before tax | 3.65 | (7.53) | 4.36 | 3.37 | 2.45 | 0.91 | 2.26 | 2.05 |
| Tax | 0.93 | (2.37) | 1.09 | 0.61 | 0.64 | 2.05 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 568 | 406 | 246 | 170 | 90.68 | 20.61 | 56.39 |
| Revenue growth | +40.0% | +65.2% | +44.9% | +86.9% | +340.0% | -63.5% | - |
| Other income | 0.50 | 0.35 | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 566 | 400 | 243 | 168 | 90.40 | 20.41 | 57.07 |
| Employee cost | 0.00 | 0.32 | 0.51 | 0.28 | 0.26 | 0.14 | 0.15 |
| EBITDA | 1.71 | 5.63 | 2.48 | 1.19 | 0.28 | 0.20 | (0.68) |
| EBITDA margin | +0.3% | +1.4% | +1.0% | +0.7% | +0.3% | +1.0% | -1.2% |
| Depreciation | 0.38 | 0.41 | 0.44 | 0.47 | 0.06 | 0.06 | 0.07 |
| Interest | 0.04 | 0.09 | 0.03 | 0.17 | 0.02 | 0.01 | 0.16 |
| Profit before tax | 1.79 | 5.48 | 2.12 | 0.55 | 0.20 | 0.13 | (0.91) |
| Tax | 0.19 | 2.05 | (0.02) | (0.02) | 0.01 | 0.00 | 0.04 |
| Net profit | 1.60 | 4.48 | 2.14 | 0.57 | 0.19 | 0.13 | (0.95) |
| Net profit margin | +0.3% | +1.1% | +0.9% | +0.3% | +0.2% | +0.6% | -1.7% |
| EPS (₹) | 0.14 | 1.46 | 6.02 | 1.63 | 0.62 | 0.41 | (2.79) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 23.57 | 23.57 | 3.57 | 3.45 | 3.45 | 3.45 | 3.45 |
| Reserves & surplus | 40.80 | 39.20 | 5.10 | 2.86 | 2.30 | 2.26 | 2.00 |
| Shareholders' funds (net worth) | 64.37 | 62.77 | 8.67 | 6.31 | 5.75 | 5.71 | 5.45 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.05 |
| Unsecured loans | 2.63 | 2.20 | 14.57 | 13.23 | 3.82 | 5.83 | 8.07 |
| Total debt | 2.63 | 2.20 | 14.57 | 13.23 | 3.82 | 5.85 | 8.12 |
| Total liabilities | 67.00 | 64.97 | 23.24 | 19.54 | 9.57 | 11.57 | 13.57 |
| Assets | |||||||
| Gross block | 4.75 | 4.74 | 4.43 | 4.64 | 2.07 | 1.76 | 1.76 |
| Net block | 1.71 | 2.07 | 2.17 | 2.63 | 0.53 | 0.27 | 0.33 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 86.64 | 37.31 | 19.52 | 22.08 | 25.70 | 7.53 | 0.81 |
| Sundry debtors | 198 | 154 | 146 | 94.07 | 59.05 | 40.45 | 54.21 |
| Cash & bank balances | 1.15 | 2.36 | 1.82 | 0.23 | 0.42 | 0.07 | 0.20 |
| Loans & advances | 4.26 | 13.02 | 6.40 | 3.61 | 6.25 | 4.09 | 2.17 |
| Total current assets | 290 | 207 | 174 | 120 | 91.42 | 52.14 | 57.39 |
| Total current liabilities | 225 | 144 | 153 | 103 | 82.45 | 40.90 | 44.19 |
| Net working capital | 65.28 | 62.86 | 20.96 | 16.83 | 8.97 | 11.24 | 13.20 |
| Total assets | 67.00 | 64.97 | 23.24 | 19.54 | 9.57 | 11.57 | 13.57 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.36 | 1.82 | 0.23 | 0.42 | 0.07 | 0.20 | 0.48 |
| Net cash from operating activities | (2.12) | (37.63) | (0.12) | (6.91) | 2.73 | 2.14 | 4.67 |
| Net cash from investing activities | 0.49 | 0.06 | 0.15 | (2.57) | (0.35) | 0.00 | 0.01 |
| Net cash from financing activities | 0.42 | 38.11 | 1.56 | 9.29 | (2.04) | (2.27) | (4.97) |
| Net change in cash | (1.21) | 0.54 | 1.59 | (0.19) | 0.34 | (0.12) | (0.29) |
| Closing cash | 1.15 | 2.36 | 1.82 | 0.23 | 0.42 | 0.07 | 0.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +40.0% | +65.2% | +44.9% | +86.9% | +340.0% | -63.5% | - |
| EBITDA growth | -69.6% | +127.0% | +108.4% | +325.0% | +40.0% | +129.4% | - |
| PBT growth | -67.3% | +158.5% | +285.5% | +175.0% | +53.9% | +9998.0% | +44.2% |
| Net income growth | -64.3% | +109.4% | +275.4% | +200.0% | +46.2% | +113.7% | - |
| Revenue CAGR (3Y) | +49.6% | +64.8% | +128.4% | +44.3% | -6.6% | -44.8% | -23.9% |
| EBITDA CAGR (3Y) | +12.9% | +171.9% | +131.5% | - | -5.3% | -56.3% | - |
| Profitability & leverage | |||||||
| Net income margin | +0.3% | +0.9% | +0.9% | +0.3% | +0.2% | +0.6% | -1.7% |
| Return on capital employed | - | +16.2% | +10.1% | +4.9% | +2.3% | +1.2% | -4.6% |
| Return on net worth | - | +12.6% | +28.7% | +9.3% | +3.7% | +2.5% | -16.2% |
| Debt / equity | - | 0.23 | 1.86 | 1.41 | 0.84 | 1.25 | 1.77 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 3.01 | 1.72 | 1.47 | 23.61 | 9.09 | 7.14 | -21.33 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 88.46 | 54.15 | 50.53 | 47.35 | 11.71 | 32.04 |
| Inventory turnover | - | 14.27 | 11.81 | 7.10 | 5.46 | 4.94 | 5.46 |
| Debtors turnover | - | 2.70 | 2.04 | 2.21 | 1.82 | 0.44 | 0.90 |
| EPS (₹) | 0.14 | 1.46 | 6.02 | 1.63 | 0.62 | 0.41 | (2.79) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 26.63 | 24.29 | 18.29 | 16.66 | 16.55 | 15.80 |
To see the full year-wise statements and ratios of Mini Diamonds (India) Limited, buy the company report.
Board of directors of Mini Diamonds (India) Limited
Mini Diamonds (India) has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ronish U Shah | Director | 28 Mar 2019 | 7 Years 6 Months | Current |
| Niharika Roongta Also directs: R.M.N Infrastructures Limited | Director | 04 Sep 2020 | 6 Years 1 Months | Current |
| Narayanbhai Pragjibhai Kevadia Also directs: Namra Jewels Private Limited | Director | 21 Mar 2022 | 4 Years 7 Months | Current |
| Chintan Mahesh Shah | Director | 16 Jan 2019 | 7 Years 9 Months | Current |
| Upendra Narottamdas Shah | Managing Director | 12 May 1987 | 39 Years 5 Months | Current |
| Ashutosh Chandraprakash Tiwari | Director | 04 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Mini Diamonds (India) Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mini Diamonds (India) Limitedthis company | ₹567.22 Cr (FY 2026) | ₹1.39 Cr | 0.2% | 39.8% | Mumbai, Maharashtra, India | |
| Luxury Jewelry (India) Private Limited | ₹418.54 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Derewala Industries Limited | ₹407.97 Cr (FY 2025) | -7.0% | Jaipur, Rajasthan, India | |||
| Prakash Gold Palace Private Limited | ₹403.33 Cr (FY 2024) | -23.0% | Kellys, Chennai 600010, Tamil Nadu, India | |||
| Tikka Jewellers Private Limited | ₹396.62 Cr (FY 2025) | 1116.0% | Rajkot, Gujarat, India | |||
| Epping Royalty Private Limited | ₹394.64 Cr (FY 2025) | -3.0% | Ludhiana, Punjab, India | |||
| Alagar Jewellers Private Limited | ₹394.39 Cr (FY 2025) | -2.0% | Tuticorin, Tamil Nadu, India |
To see the full peer comparison of Mini Diamonds (India) Limited, buy the company report.
Auditor
Mini Diamonds (India) Limited is audited by M/s. Mittal and Associates Char tered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. Mittal and Associates Char tered Accountants | FY 2023 | 106456W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 3.10%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 96.90%.
Mar 2026
QUARTER
3.10% Promoters
96.90% Retail & Others
Promoter holding - history
Now 3.10% · Mar 2026High 5.00% · Jun 2025Low 3.00% · Dec 2025
Shareholding trend - last 6 quarters
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 3.10% | 3.00% | 4.90% | 5.00% |
| Public | 96.90% | 97.00% | 95.10% | 95.00% |
Charges & borrowings
Open charges
None
Satisfied charges
₹15.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2011 | 10324737 | Corporation Bank | ₹8 Cr | Satisfied | |
| 22 Oct 2010 | 10257005 | Central Bank of India | ₹90 Lakh | Satisfied | |
| 25 Apr 1992 | 90224336 | Indian Bank | ₹2 Cr | Satisfied | |
| 25 Apr 1992 | 90228542 | Indian Bank | ₹2 Cr | Satisfied | |
| 05 Jan 1988 | 90223955 | Central Bank of India | ₹1.5 Cr | Satisfied |
To see the full charge records of Mini Diamonds (India) Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Mini Diamonds (India) Limited has 14 deals on record (14 market trades); the latest was in October 2024.
Total deals
14
Market trades
14
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Market trade | ₹42.3 Lakh | Seller: Multiplier Share and Stock Advisors Private Limited |
| Sep 2024 | Market trade | ₹27 Lakh | Buyer: an individual Seller: Multiplier Share and Stock Advisors Private Limited |
| Sep 2024 | Market trade | ₹52.3 Lakh | Buyer: Multiplier Share and Stock Advisors Private Limited , an individual Seller: Multiplier Share and Stock Advisors Private Limited |
| Aug 2024 | Market trade | ₹21.2 Lakh | Buyer: Multiplier Share and Stock Advisors Private Limited Seller: Multiplier Share and Stock Advisors Private Limited |
| Aug 2024 | Market trade | ₹1.29 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited , Milind Kishore Madhani Huf, an individual Seller: Succedere Commercial LLP , Svasti Commercial LLP , Pranith Realities LLP |
To see the full deal history of Mini Diamonds (India) Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mini Diamonds (India) Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Total cases
4
Filed against the company
4
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Tax appeal | Filed against the company by PR. Commissioner of Income Tax -5, Mumbai | Disposed |
| High Court, MAHARASHTRA | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-5, Mumbai | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Registrar of Companies | Disposed |
To see the full case history of Mini Diamonds (India) Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Mini Diamonds (India) Limited was last rated by Icra on 29 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Sep 2020 |
To see the full credit ratings and regulatory alerts of Mini Diamonds (India) Limited, buy the company report.
MSME payment delays
Mini Diamonds (India) Limited has 4 MSME Form 1 returns on record between 2019 and 2022, listing 6 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Purva Sharegistry (India) Private Limited | |||
| Pramod S Shah & Associates |
To see the full MSME payment records of Mini Diamonds (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Mini Diamonds (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM5082D1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mini Diamonds (India) Limited, buy the company report.
Recent activity
Mini Diamonds (India) Limited has 17 board changes on record since 1987: 6 appointments and 11 cessations. The latest: Ashutosh Chandraprakash Tiwari was appointed as Director on 04 Sep 2024.
AGM
Mini Diamonds (India) Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mini Diamonds (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Ashutosh Chandraprakash Tiwari was appointed as Director.
Appointed
Narayanbhai Pragjibhai Kevadia was appointed as Director.
Charges
A charge registered on 29 Nov 2011 via Charge ID 10324737 with Corporation Bank was fully satisfied on 01 Nov 2021.
Appointed
Niharika Roongta was appointed as Director.
Ceased
Dilip Shah Jaswant ceased to be Director.
Ceased
Manoj Kantilal Makwana ceased to be Director Appointed In Casual Vacancy.
Ceased
Usha Manoj Makwana ceased to be Director Appointed In Casual Vacancy.
Ceased
Himanshu Kailas Shah ceased to be Director.
Appointed
Ronish U Shah was appointed as Director.
Appointed
Chintan Mahesh Shah was appointed as Director.
23 earlier events are in the company report.
News
Frequently asked questions
Mini Diamonds (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 12 February 1987 (39+ years old) and is registered under CIN L36912MH1987PLC042515. Listed on BSE: 523373.
Mini Diamonds (India) reported revenue of ₹567.22 Cr for FY 2025-26 (up 39.8% YoY) based on consolidated financials.
Mini Diamonds (India) has 6 current directors:
- Upendra Narottamdas Shah - Managing Director
- Ronish U Shah - Director
- Niharika Roongta - Director
- Narayanbhai Pragjibhai Kevadia - Director
- Chintan Mahesh Shah - Director
- Ashutosh Chandraprakash Tiwari - Director
The latest financial statements of Mini Diamonds (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mini Diamonds (India) is 27AAACM5082D1ZO, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Mini Diamonds (India) is L36912MH1987PLC042515. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Mini Diamonds (India) is listed on BSE with code 523373.
Mini Diamonds (India) has 4 court cases on record: 4 filed against it. Most are in the district courts.
Mini Diamonds (India) was incorporated on 12 February 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Mini Diamonds (India) has 14 deals on record (14 market trades); the latest was in October 2024.
The peers of Mini Diamonds (India) by revenue are Luxury Jewelry (India) Private Limited, Derewala Industries Limited, Prakash Gold Palace Private Limited, Tikka Jewellers Private Limited, Epping Royalty Private Limited and 1 more, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Ashutosh Chandraprakash Tiwari was appointed as Director on 04 Sep 2024. Narayanbhai Pragjibhai Kevadia was appointed as Director on 21 Mar 2022. Niharika Roongta was appointed as Director on 04 Sep 2020. Mini Diamonds (India) has 17 board changes on record in total.