Mini Diamonds (India)
BSE:523373
523373
BSE
₹13M
Market Cap
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Company description
Mini Diamonds (India) Limited manufactures and trades in cut and polished diamonds/studded jewelry products in India. The last earnings update was 86 days ago. More info.
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523373 Share Price and Events
7 Day Returns
0%
BSE:523373
-1.5%
IN Luxury
-0.1%
IN Market
1 Year Returns
-62.5%
BSE:523373
-8.5%
IN Luxury
-7.5%
IN Market
523373 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Mini Diamonds (India) (523373) | 0% | -10.2% | -1% | -62.5% | -15.7% | -8.1% |
| IN Luxury | -1.5% | -1.2% | -2.7% | -8.5% | 54.7% | 184.5% |
| IN Market | -0.1% | -3.2% | -1.7% | -7.5% | 46.6% | 79.6% |
1 Year Return vs Industry and Market
- 523373 underperformed the Luxury industry which returned -8.5% over the past year.
- 523373 underperformed the Market in India which returned -7.5% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Mini Diamonds (India)
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Our calculation method for this is changing soon.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Mini Diamonds (India).
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 22.5% |
| Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 7.5% |
| Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.57 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.573 (1 + (1- 35%) (1560.37%)) |
6.387 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 7.45%) |
22.45% |
Discounted Cash Flow Calculation for BSE:523373 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Mini Diamonds (India) is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (INR, Millions) | 36.95 | 39.70 | 42.66 | 45.83 | 49.25 |
| Source | Est @ 7.45% | Est @ 7.45% | Est @ 7.45% | Est @ 7.45% | Est @ 7.45% |
|
Present Value Discounted (@ 22.45%) |
30.17 | 26.48 | 23.23 | 20.39 | 17.89 |
| Present value of next 5 years cash flows | ₹118.16 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= ₹49.25 × (1 + 7.55%) ÷ (22.45% – 7.55%) |
₹355.48 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= ₹355.48 ÷ (1 + 22.45%)5 |
₹129.13 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= ₹118.16 + ₹129.13 |
₹247.29 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹247.29 / 3.45 |
₹71.68 |
| Calculation | Result | |
|---|---|---|
| Value per share (INR) | From above. | ₹71.68 |
| Current discount | Discount to share price of
₹3.86
= -1 x (₹3.86 - ₹71.68) / ₹71.68 |
94.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Amount off the current price
Mini Diamonds (India)
is available for.
>50%
Share price is
₹3.86
vs Future cash flow value of
₹71.68
Current Discount Checks
For
Mini Diamonds (India)
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
- Mini Diamonds (India)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
- Mini Diamonds (India)'s share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Mini Diamonds (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Mini Diamonds (India)'s earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in INR | ₹0.45 |
| BSE:523373 Share Price ** | BSE (2019-02-06) in INR | ₹3.86 |
| India Luxury Industry PE Ratio | Median Figure of 236 Publicly-Listed Luxury Companies | 11.68x |
| India Market PE Ratio | Median Figure of 2,709 Publicly-Listed Companies | 15.3x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Mini Diamonds (India).
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:523373 Share Price ÷ EPS (both in INR) = 3.86 ÷ 0.45 |
8.54x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Mini Diamonds (India) is good value based on earnings compared to the IN Luxury industry average.
- Mini Diamonds (India) is good value based on earnings compared to the India market.
Price based on expected Growth
Does
Mini Diamonds (India)'s expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.54x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
22%per year |
| India Luxury Industry PEG Ratio | Median Figure of 27 Publicly-Listed Luxury Companies | 0.97x |
| India Market PEG Ratio | Median Figure of 604 Publicly-Listed Companies | 1.15x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Mini Diamonds (India), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Mini Diamonds (India)'s
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in INR | ₹23.02 |
| BSE:523373 Share Price * | BSE (2019-02-06) in INR | ₹3.86 |
| India Luxury Industry PB Ratio | Median Figure of 306 Publicly-Listed Luxury Companies | 0.71x |
| India Market PB Ratio | Median Figure of 3,588 Publicly-Listed Companies | 1.04x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:523373 Share Price ÷ Book Value per Share (both in INR) = 3.86 ÷ 23.02 |
0.17x |
* Primary Listing of Mini Diamonds (India).
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Mini Diamonds (India) is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Mini Diamonds (India)'s value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Mini Diamonds (India) has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
- No analysts cover Mini Diamonds (India), future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
22%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Mini Diamonds (India)
expected to grow at an
attractive
rate?
- Mini Diamonds (India)'s earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
- Mini Diamonds (India)'s earnings growth is expected to exceed the India market average.
- Unable to compare Mini Diamonds (India)'s revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| BSE:523373 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 22% |
| India Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| India Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 15% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.5% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in INR Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 1,569 | 2 | |
| 2018-06-30 | 1,613 | 3 | |
| 2018-03-31 | 1,223 | 51 | 3 |
| 2017-12-31 | 1,016 | 2 | |
| 2017-09-30 | 1,067 | 4 | |
| 2017-06-30 | 1,150 | 4 | |
| 2017-03-31 | 1,278 | -54 | 3 |
| 2016-09-30 | 1,496 | 6 | |
| 2016-06-30 | 1,376 | 5 | |
| 2016-03-31 | 1,295 | -10 | 5 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Mini Diamonds (India) Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.45 |
| 2018-06-30 | 0.90 |
| 2018-03-31 | 0.88 |
| 2017-12-31 | 0.53 |
| 2017-09-30 | 1.11 |
| 2017-06-30 | |
| 2017-03-31 | 0.90 |
| 2016-09-30 | |
| 2016-06-30 | |
| 2016-03-31 | 1.48 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Mini Diamonds (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Mini Diamonds (India) has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Mini Diamonds (India)'s future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Mini Diamonds (India) has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Mini Diamonds (India) performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Mini Diamonds (India)'s growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Mini Diamonds (India)'s year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Mini Diamonds (India)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Mini Diamonds (India)'s 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Mini Diamonds (India)'s
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Mini Diamonds (India) Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 1,568.74 | 1.58 | 4.95 | |
| 2018-06-30 | 1,612.57 | 3.08 | 2.94 | |
| 2018-03-31 | 1,222.72 | 3.03 | 5.55 | |
| 2017-12-31 | 1,016.06 | 1.81 | 7.05 | |
| 2017-09-30 | 1,067.35 | 3.82 | 6.98 | |
| 2017-06-30 | 1,150.37 | 3.59 | 4.42 | |
| 2017-03-31 | 1,277.73 | 3.11 | 6.42 | |
| 2016-09-30 | 1,495.62 | 6.12 | 7.12 | |
| 2016-06-30 | 1,375.98 | 5.13 | 4.73 | |
| 2016-03-31 | 1,294.85 | 5.11 | 6.88 | |
| 2015-06-30 | 1,139.47 | 2.27 | 2.44 | |
| 2015-03-31 | 1,239.51 | 5.50 | 5.99 | |
| 2014-12-31 | 1,101.13 | 5.84 | 3.50 | |
| 2014-09-30 | 972.29 | 5.66 | 3.35 | |
| 2014-06-30 | 866.28 | 5.59 | 3.34 | |
| 2014-03-31 | 970.34 | 3.49 | 4.50 | |
| 2013-12-31 | 983.87 | 2.02 | 6.96 | |
| 2013-09-30 | 965.62 | 2.03 | 6.96 | |
| 2013-06-30 | 745.64 | 2.68 | 2.20 | |
| 2013-03-31 | 434.56 | 1.79 | 6.31 | |
| 2012-12-31 | 376.22 | 1.25 | 6.04 | |
| 2012-09-30 | 289.65 | 1.33 | 5.49 | |
| 2012-06-30 | 319.09 | 1.60 | 8.41 | |
| 2012-03-31 | 294.49 | 1.67 | 9.86 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Mini Diamonds (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Mini Diamonds (India) used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
- Mini Diamonds (India)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Mini Diamonds (India) has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Mini Diamonds (India)'s performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Mini Diamonds (India) has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Mini Diamonds (India)'s financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Mini Diamonds (India)'s finances.
The net worth of a company is the difference between its assets and liabilities.
- Mini Diamonds (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Mini Diamonds (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Mini Diamonds (India)'s finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 6.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from Mini Diamonds (India) Company Filings, last reported 4 months ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | |||
| 2018-06-30 | 75.72 | 207.80 | 3.07 |
| 2018-03-31 | 75.72 | 207.80 | 3.07 |
| 2017-12-31 | 68.37 | 168.34 | 3.48 |
| 2017-09-30 | 68.37 | 168.34 | 3.48 |
| 2017-06-30 | 59.73 | 243.37 | 4.29 |
| 2017-03-31 | 72.69 | 243.37 | 5.17 |
| 2016-09-30 | |||
| 2016-06-30 | 56.61 | 169.10 | 3.52 |
| 2016-03-31 | 56.61 | 169.10 | 3.52 |
| 2015-06-30 | |||
| 2015-03-31 | 51.50 | 159.94 | 3.66 |
| 2014-12-31 | |||
| 2014-09-30 | |||
| 2014-06-30 | |||
| 2014-03-31 | 46.60 | 133.68 | 1.49 |
| 2013-12-31 | |||
| 2013-09-30 | |||
| 2013-06-30 | |||
| 2013-03-31 | 43.25 | 92.00 | 1.43 |
| 2012-12-31 | |||
| 2012-09-30 | |||
| 2012-06-30 | |||
| 2012-03-31 | 41.46 | 42.97 | 5.40 |
- Mini Diamonds (India)'s level of debt (274.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (232.5% vs 274.4% today).
- Debt is well covered by operating cash flow (24.6%, greater than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Mini Diamonds (India)'s financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Mini Diamonds (India) has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Mini Diamonds (India)'s current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0%
Current annual income from
Mini Diamonds (India)
dividends.
If you bought
₹2,000 of
Mini Diamonds (India)
shares you are expected to receive
₹0
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Unable to evaluate Mini Diamonds (India)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Mini Diamonds (India)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| India Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 109 Stocks | 0.7% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1397 Stocks | 1.4% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.6% |
| India Top 25% Dividend Yield | 75th Percentile | 2.1% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Mini Diamonds (India) has not reported any payouts.
- Unable to verify if Mini Diamonds (India)'s dividend has been increasing as the company has not reported any payouts.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Mini Diamonds (India)'s dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Mini Diamonds (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Mini Diamonds (India) has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Upendra
Shah
| COMPENSATION | ₹540,000 |
| AGE | 71 |
| TENURE AS CEO | 10.1 years |
CEO Bio
Mr. Upendra Narottamdas Shah has been Managing Director of Mini Diamonds (India) Limited since January 01, 2009. Mr. Shah has about 35 years of experience in the business. He serves as the Chairman of Mini Diamonds (India) Limited and has been its Director since May 12, 1987. He is a specialist among very few in the industry to select rough diamonds which is the base and,key factor of entire diamonds business. He was a regular member in MMTC team for its overseas procurement of rough diamonds.
CEO Compensation
- Upendra's compensation has been consistent with company performance over the past year.
- Upendra's remuneration is lower than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the Mini Diamonds (India) management team in years:
0.8
Average Tenure
58
Average Age
- The average tenure for the Mini Diamonds (India) management team is less than 2 years, this suggests a new team.
Management Team
Upendra Shah
TITLE
Chairman & MD
COMPENSATION
₹540K
AGE
71
TENURE
10.1 yrs
Himanshu Shah
TITLE
Executive Director
AGE
49
Dilip Shah
TITLE
Executive Director
AGE
61
Ronish Shah
TITLE
Chief Financial Officer
AGE
32
TENURE
0.7 yrs
T. Nair
TITLE
Accounts Officer
Ayushi Bathiya
TITLE
Company Secretary & Compliance officer
TENURE
0.8 yrs
Rajendra Shah
TITLE
Sales Manager
AGE
58
Board of Directors Tenure
Average tenure and age of the Mini Diamonds (India) board of directors in years:
0.1
Average Tenure
61
Average Age
- The average tenure for the Mini Diamonds (India) board of directors is less than 3 years, this suggests a new board.
Board of Directors
Upendra Shah
TITLE
Chairman & MD
COMPENSATION
₹540K
AGE
71
Himanshu Shah
TITLE
Executive Director
AGE
49
TENURE
26.2 yrs
Dilip Shah
TITLE
Executive Director
AGE
61
TENURE
12.5 yrs
Chintan Shah
TITLE
Independent Director
TENURE
0.1 yrs
Manoj Makwana
TITLE
Independent Director
TENURE
0.1 yrs
Usha Makwana
TITLE
Independent Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
X
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Mini Diamonds (India)'s management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Mini Diamonds (India) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Does Mini Diamonds (India) Limited's (BOM:523373) PE Ratio Warrant A Buy?
and want to begin learning the link between Mini Diamonds (India) Limited (BOM:523373)’s fundamentals and stock market performance. … Mini Diamonds (India) Limited (BOM:523373) is trading with a trailing P/E of 11.3x, which is lower than the industry average of 16.9x. … See our latest analysis for Mini Diamonds (India)
Simply Wall St - – Full articleCompany Info
Map
Description
Mini Diamonds (India) Limited manufactures and trades in cut and polished diamonds/studded jewelry products in India. It also exports its products to Belgium, the United Arab Emirates, the United States, and internationally. The company was founded in 1987 and is based in Mumbai, India.
Details
| Name: | Mini Diamonds (India) Limited |
| 523373 | |
| Exchange: | BSE |
| Founded: | 1987 |
| ₹13,317,000 | |
| 3,450,000 | |
| Website: | http://www.minidiamonds.net |
| Address: |
Mini Diamonds (India) Limited 7/A Nusser House, Ground Floor, Mumbai, Maharashtra, 400004, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 523373 | Equity Shares | Mumbai Stock Exchange | IN | INR | 11. Jun 2007 |
Number of employees
Current staff
5
Mini Diamonds (India)
employees.
Industry
| Apparel, Accessories and Luxury Goods | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/22 12:32 |
| End of day share price update: | 2019/02/06 00:00 |
| Last earnings filing: | 2018/11/28 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
