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Mini Diamonds (India)

BSE:523373
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
523373
BSE
₹14M
Market Cap
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Last updated 2019/04/18 12:31
Company description

Mini Diamonds (India) Limited manufactures and trades in cut and polished diamonds/studded jewelry products in India. The last earnings update was 61 days ago. More info.

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523373 Share Price and Events
7 Day Returns
0%
BSE:523373
1.4%
IN Luxury
1.7%
IN Market
1 Year Returns
-65.2%
BSE:523373
-3.3%
IN Luxury
0.1%
IN Market
523373 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mini Diamonds (India) (523373) 0% 0% -7% -65.2% -12.3% -13.4%
IN Luxury 1.4% 2% 8.4% -3.3% 47.7% 164.2%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • 523373 underperformed the Luxury industry which returned -3.3% over the past year.
  • 523373 underperformed the Market in India which returned 0.1% over the past year.
Price Volatility
523373
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Mini Diamonds (India) undervalued based on future cash flows and its price relative to the stock market?

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

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mini Diamonds (India).

BSE:523373 Discounted Cash Flow Data Sources
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 24.8%
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.

Calculation of Discount Rate/ Cost of Equity for BSE:523373
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 35%) (1505.76%)) 		5.592
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 * 8.6%) 		24.75%

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 try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:523373 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 27.15 Est @ 12.75% 21.76
2020 30.19 Est @ 11.19% 19.40
2021 33.24 Est @ 10.1% 17.12
2022 36.34 Est @ 9.33% 15.01
2023 39.54 Est @ 8.8% 13.09
2024 42.87 Est @ 8.42% 11.37
2025 46.37 Est @ 8.16% 9.86
2026 50.07 Est @ 7.98% 8.54
2027 54.00 Est @ 7.85% 7.38
2028 58.19 Est @ 7.76% 6.37
Present value of next 10 years cash flows ₹129.90
BSE:523373 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹58.19 × (1 + 7.55%) ÷ (24.75% – 7.55%) 		₹363.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹363.85 ÷ (1 + 24.75%)10 		₹39.86
BSE:523373 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹129.90 + ₹39.86 		₹169.76
Equity Value per Share
(INR)		 = Total value / Shares Outstanding
= ₹169.76 / 3.45 		₹49.21
BSE:523373 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹49.21
Current discount Discount to share price of ₹4.00
= -1 x (₹4.00 - ₹49.21) / ₹49.21 		91.9%

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.
Intrinsic value
>50%
Share price is ₹4 vs Future cash flow value of ₹49.21
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
BSE:523373 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-0.62
BSE:523373 Share Price ** BSE (2019-04-15) in INR ₹4
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.35x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mini Diamonds (India).

BSE:523373 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:523373 Share Price ÷ EPS (both in INR)

= 4 ÷ -0.62

 -6.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mini Diamonds (India) is loss making, we can't compare its value to the IN Luxury industry average.
  • Mini Diamonds (India) is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Mini Diamonds (India)'s expected growth come at a high price?
Raw Data
BSE:523373 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 32.6%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.57x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*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
BSE:523373 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹23.02
BSE:523373 Share Price * BSE (2019-04-15) in INR ₹4
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
BSE:523373 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:523373 Share Price ÷ Book Value per Share (both in INR)

= 4 ÷ 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.
Show me more potentially undervalued companies in the Luxury industry
X
Value checks
We assess Mini Diamonds (India)'s value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
    5. Mini Diamonds (India) has a total score of 3/6, 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

 How is Mini Diamonds (India) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • 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!
Annual Growth Rate
32.6%
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
BSE:523373 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:523373 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 32.6%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*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
BSE:523373 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:523373 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,459 -2
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.

Super high growth metrics
High Growth Checks
  • Mini Diamonds (India)'s earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Mini Diamonds (India) is high growth as no revenue estimate data is available.
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
BSE:523373 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:523373 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -0.62
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.
Show me more growth companies in the Luxury industry
X
Future performance checks
We assess Mini Diamonds (India)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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) does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Mini Diamonds (India)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mini Diamonds (India)'s 1-year growth to the IN Luxury industry average as it is not currently profitable.
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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:523373 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,459.30 -2.17 4.50
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

*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.
  • It is difficult to establish if Mini Diamonds (India) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Mini Diamonds (India) used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • It is difficult to establish if Mini Diamonds (India) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mini Diamonds (India)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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 3 months ago.

BSE:523373 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31
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
  • 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).
  • Mini Diamonds (India) is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Mini Diamonds (India)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Mini Diamonds (India) has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
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
BSE:523373 Annualized Past and Future Dividends
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 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

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.
Current Payout to shareholders
What portion of Mini Diamonds (India)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mini Diamonds (India) has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mini Diamonds (India)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
    7. 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

 What is the CEO of Mini Diamonds (India)'s salary, the management and board of directors tenure and is there insider trading?

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 10.3 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 increased whilst company is loss making.
  • 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:

0.9
Average Tenure
59.5
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
10.3 yrs

Dilip Shah

TITLE
Executive Director
AGE
61

Ronish Shah

TITLE
Additional Director & CFO
AGE
32
TENURE
0.8 yrs

T. Nair

TITLE
Accounts Officer

Ayushi Bathiya

TITLE
Company Secretary & Compliance officer
TENURE
0.9 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:

0.3
Average Tenure
42
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

Dilip Shah

TITLE
Executive Director
AGE
61
TENURE
12.7 yrs

Ronish Shah

TITLE
Additional Director & CFO
AGE
32
TENURE
0.1 yrs

Chintan Shah

TITLE
Independent Director
AGE
35
TENURE
0.3 yrs

Manoj Makwana

TITLE
Independent Director
AGE
42
TENURE
0.3 yrs

Usha Makwana

TITLE
Independent Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Mini Diamonds (India)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. 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 - –

Company Info

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
₹13,800,000
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
Staff numbers
0
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: 2019/04/18 12:31
End of day share price update: 2019/04/15 00:00
Last earnings filing: 2019/02/16
Last earnings reported: 2018/12/31
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.

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