BSE:523373

Stock Analysis Report

Executive Summary

Mini Diamonds (India) Limited manufactures and trades in diamonds in India and internationally.

Rewards

Trading at 97.9% below its fair value

Risk Analysis

Earnings have declined by -56.88% per year over past 5 years

Does not have a meaningful market cap (₹12M)

Has a high level of debt



Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has Mini Diamonds (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 523373 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

523373

0.3%

IN Luxury

-1.3%

IN Market


1 Year Return

-16.2%

523373

8.6%

IN Luxury

5.2%

IN Market

Return vs Industry: 523373 underperformed the Indian Luxury industry which returned 8.6% over the past year.

Return vs Market: 523373 underperformed the Indian Market which returned 5.2% over the past year.


Shareholder returns

523373IndustryMarket
7 Day0%0.3%-1.3%
30 Day-9.5%-0.4%-0.2%
90 Dayn/a7.8%7.6%
1 Year-16.2%-16.2%9.4%8.6%7.2%5.2%
3 Yearn/a58.9%56.8%30.3%23.4%
5 Year-72.7%-72.7%101.1%97.2%39.3%26.8%

Price Volatility Vs. Market

How volatile is Mini Diamonds (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mini Diamonds (India) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 523373 (₹3.42) is trading below our estimate of fair value (₹165.91)

Significantly Below Fair Value: 523373 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 523373 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 523373 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 523373's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 523373 is good value based on its PB Ratio (0.2x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

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

20.7%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mini Diamonds (India) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Mini Diamonds (India) performed over the past 5 years?

-56.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 523373 is currently unprofitable.

Growing Profit Margin: 523373 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 523373 is unprofitable, and losses have increased over the past 5 years at a rate of -56.9% per year.

Accelerating Growth: Unable to compare 523373's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 523373 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (1%).


Return on Equity

High ROE: 523373 has a negative Return on Equity (-19.68%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Mini Diamonds (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: 523373's short term assets (₹804.9M) exceed its short term liabilities (₹744.0M).

Long Term Liabilities: 523373's short term assets (₹804.9M) exceed its long term liabilities (₹699.0K).


Debt to Equity History and Analysis

Debt Level: 523373's debt to equity ratio (123.1%) is considered high.

Reducing Debt: 523373's debt to equity ratio has reduced from 299.4% to 123.1% over the past 5 years.

Debt Coverage: 523373's debt is well covered by operating cash flow (95.2%).

Interest Coverage: Insufficient data to determine if 523373's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 523373 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 523373's debt is covered by short term assets (assets are 10.2x debt).


Next Steps

Dividend

What is Mini Diamonds (India)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 523373's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 523373's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 523373's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 523373's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 523373's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Upendra Shah (72yo)

10.9yrs

Tenure

₹540,000

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Upendra's total compensation ($USD7.58K) is below average for companies of similar size in the Indian market ($USD33.57K).

Compensation vs Earnings: Upendra's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.6yrs

Average Tenure

60.5yo

Average Age

Experienced Management: 523373's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

0.9yrs

Average Tenure

41yo

Average Age

Experienced Board: 523373's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Dilip Shah (62yo)

    Executive Director

    • Tenure: 13.3yrs
  • T. Nair

    Accounts Officer

    • Tenure: 0yrs
  • Upendra Shah (72yo)

    Chairman & MD

    • Tenure: 10.9yrs
    • Compensation: ₹540.00k
  • Ronish Shah (33yo)

    CFO & Additional Director

    • Tenure: 0.8yrs
    • Compensation: ₹378.00k
  • Rajendra Shah (59yo)

    Sales Manager

    • Tenure: 0yrs
  • Ayushi Bathiya

    Company Secretary & Compliance officer

    • Tenure: 1.6yrs
    • Compensation: ₹158.00k

Board Members

  • Dilip Shah (62yo)

    Executive Director

    • Tenure: 13.3yrs
  • Upendra Shah (72yo)

    Chairman & MD

    • Tenure: 10.9yrs
    • Compensation: ₹540.00k
  • Ronish Shah (33yo)

    CFO & Additional Director

    • Tenure: 0.8yrs
    • Compensation: ₹378.00k
  • Chintan Shah (36yo)

    Independent Director

    • Tenure: 0.9yrs
  • Manoj Makwana (43yo)

    Independent Director

    • Tenure: 0.9yrs
  • Usha Makwana (39yo)

    Independent Director

    • Tenure: 0.9yrs

Company Information

Mini Diamonds (India) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mini Diamonds (India) Limited
  • Ticker: 523373
  • Exchange: BSE
  • Founded: 1987
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹11.799m
  • Shares outstanding: 3.45m
  • Website: https://www.minidiamonds.net

Number of Employees


Location

  • Mini Diamonds (India) Limited
  • Nusser House
  • 0-7A, Floor-0, Mama Parmanand Marg
  • Mumbai
  • Maharashtra
  • 400004
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
523373BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 2007

Biography

Mini Diamonds (India) Limited manufactures and trades in diamonds in India and internationally. It offers rough, cut, and polished diamonds, as well as gold jewelry. The company was founded in 1987 and is  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/09 12:31
End of Day Share Price2019/11/26 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.