₹2.13
■ +0 +0.00%
As of 28 Jul 2026 · delayed
BSE Listed
Minal Industries Limited (522235)
Volume: 15,614Avg Vol 1W: 6,276Avg Vol 1M: 31,21152W Range:₹1.78₹4.9
Key Ratios
Checked 7h agoMarket Cap₹41 Cr
Current Price₹2.13
Previous Close₹2.13
High / Low (52w)₹4.9 / ₹1.78
Volume15,614
Avg Vol (1W)6,276
Avg Vol (1M)31,211
Stock P/E53.5
Book Value₹2.77
Dividend Yield0%
ROE131.77%
ROA68.39%
Revenue (TTM)—
Revenue Growth—
Profit Margin-23.35%
Total Debt—
Shares Outstanding19 Cr
Face Value—
EPS (TTM)₹0.04
P/B0.77
Debt / Equity0.2
50 DMA₹2.37
200 DMA₹2.79
Day change+0.00%
Price Chart
₹2.13▼ 53.70% · 1Y
2025-07-292026-07-28
20-day avg volume: 33K shares
Pros
- Healthy return on equity of 131.8%.
- Company is almost debt-free.
- Stock trades below its book value.
Cons
- Revenue fell 30% YoY.
- Company is loss-making at the latest annual result.
- Stock trades at a high P/E of 54.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹12 Cr | ₹11 Cr | ₹9 Cr | ₹19 Cr | ₹10 Cr | ₹9 Cr | ₹9 Cr | ₹15 Cr |
| EBITDA | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹1 Cr | ₹-1 Cr | ₹-1 Cr | ₹2 Cr |
| Net Profit | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹-1 Cr | ₹0 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹52 Cr | ₹6 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| EBITDA | ₹-1 Cr | ₹0 Cr | ₹-1 Cr | ₹4 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net Profit | ₹-1 Cr | ₹0 Cr | ₹-1 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹-1 Cr |
| EPS | — | — | — | 0.22 | — | — | — | — |
Balance Sheet
| Metric | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹102 Cr | ₹104 Cr | ₹89 Cr | ₹83 Cr | ₹73 Cr | ₹84 Cr | ₹91 Cr | ₹85 Cr |
| Total Liabilities | ₹9 Cr | ₹32 Cr | ₹24 Cr | ₹23 Cr | ₹12 Cr | ₹23 Cr | ₹30 Cr | ₹22 Cr |
| Equity | ₹93 Cr | ₹72 Cr | ₹65 Cr | ₹60 Cr | ₹61 Cr | ₹61 Cr | ₹61 Cr | ₹63 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹-10 Cr | ₹2 Cr | ₹-3 Cr | ₹5 Cr | ₹-18 Cr | ₹-2 Cr | ₹-1 Cr | ₹4 Cr |
| Investing | ₹9 Cr | ₹0 Cr | ₹0 Cr | ₹-6 Cr | ₹30 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Financing | ₹2 Cr | ₹1 Cr | ₹-2 Cr | ₹0 Cr | ₹-11 Cr | ₹1 Cr | ₹0 Cr | ₹-4 Cr |
| Free Cash Flow | ₹-10 Cr | ₹2 Cr | ₹-3 Cr | ₹5 Cr | ₹-18 Cr | ₹-2 Cr | ₹-1 Cr | ₹4 Cr |
Shareholding
Promoter 40.79% Institutions 0% Public 59.21%
Efficiency & Working Capital
ROCE1.7%
Interest Coverage25.6
Dividend Payout—
Debtor Days172 d
Inventory Days367 d
Payable Days76 d
Cash Conversion Cycle462 d
Working Capital Days538 d
Shareholding Details
As of 2026-06-30
Promoter40.8%
FII0%
DII0%
Institutions0%
Public59.2%
Promoter Pledge0%
No. of Shareholders14,600
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 59.7% | 59.4% | 40.6% | 40.6% | 40.6% | 40.6% | 40.6% | 40.6% | 40.6% | 40.6% | 40.8% | 40.8% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 40.3% | 40.6% | 59.4% | 59.4% | 59.4% | 59.4% | 59.4% | 59.4% | 59.4% | 59.4% | 59.2% | 59.2% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 2,289 | 3,995 | 5,027 | 6,212 | 7,912 | 10,976 | 14,809 | 14,916 | 14,985 | 14,886 | 14,649 | 14,600 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Anila Shrikant Parikh | Shareholding of Promoter and Promoter Group | 39% | 7.48 Cr |
| Champak K. Mehta | Public Shareholding | 11% | 2.10 Cr |
| Mahendra Chandulal Shah | Public Shareholding | 10.9% | 2.10 Cr |
| Anant Ajay Mehta | Public Shareholding | 9.2% | 1.76 Cr |
| Divyanshu Navlakha | Public Shareholding | 9.1% | 1.75 Cr |
| Aanishka Construction Pvt Ltd | Public Shareholding | 5.1% | 98,29,085 |
| Aanyora Construction Pvt Ltd | Public Shareholding | 4.7% | 89,87,585 |
| Shrikant Jesinglal Parikh | Shareholding of Promoter and Promoter Group | 1.4% | 26,76,843 |
| Vikram Jesingbhai Parikh | Shareholding of Promoter and Promoter Group | 0.4% | 7,78,685 |
| Akash Vikrambhai Parikh | Shareholding of Promoter and Promoter Group | 0% | 4,181 |
| Sona Akash Parikh | Shareholding of Promoter and Promoter Group | 0% | 4,000 |
| Jesingbhai Badarmal Parikh | Shareholding of Promoter and Promoter Group | 0% | 0 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Shrikant J Parikh | CMD & Executive Director | 2025 |
| Subham Chand Jain | Independent Non Exe. Director | 2025 |
| Ajay Jormal Mehta | Independent Non Exe. Director | 2025 |
| DIVYANSHU NAVLAKHA | Non-Exec & Non-Independent Dir | 2025 |
| Disha Hiteshkumar Rathod | Independent Non Exe. Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Engineering Division | ₹0 Cr | 11.5% |
| Jewellery Division | ₹0 Cr | 88.5% |
| Others | ₹0 Cr | 0% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹1 Cr | 100% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹2 | 63 | 38 | 38 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2025 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 |
Substantial Acquisitions (SAST)
9 disclosure(s)
Off Market28/03/2024 · 1,80,00,000
Off Market28/03/2024 · 1,80,00,000
Off Market28/03/2024 · 1,80,00,000
Off Market28/03/2024 · 1,80,00,000
Market22/02/2024 · 63,055
Market05/12/2023 · 1,15,263
Company Information
🌐 www.minalindustrieslimited.in ↗
📍 Plot No 16(P) 17-28 & 29(P), Seepz MIDC Andheri (E), Mumbai, Maharashtra, 400096
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