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NSE:MINALIND

MINAL INDUSTRIES LTD.

Services › Commercial Services & Supplies
₹4.01
at close · 8 Oct 2026
▼ 0.08 (-1.96%)

Latest filings

  1. Compliance certificate for share dematerialization, Q2 FY27 · Compliance
  2. Minal Industries 38th AGM results: 5 resolutions passed on 29 Sept 2026 · Board & Shareholder Meetings
  3. 38th AGM results: all 5 resolutions approved · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates in the trading and distribution segment, classified under commercial services and supplies. Reported FY26 revenue of Rs. 42.83 crore, with materials forming the largest cost at Rs. 18.249 crore (42.6% of revenue). Employee costs were Rs. 4.7736 crore (11.1% of revenue) and other operating expenses Rs. 10.9302 crore (25.5%). The company holds a stake in subsidiary Minal Infojewels Ltd, on which interest income has not been accrued due to the subsidiary's accumulated losses. Its overseas subsidiary Minal International FZE was wound up, with Rs. 408.99 lakhs written off. The statutory auditor flagged a material uncertainty related to going concern, citing accumulated losses of Rs. 2,216.82 lakhs and overdue loans of around Rs. 1,464.95 lakhs with no reasonable recovery steps taken. An NCLT share ownership dispute filed by the Managing Director is pending. Capex is minimal at Rs. 0.4065 crore (0.9% of revenue), and debt-to-equity is 0.0887.

Operating scale
Operating subsidiary
Minal Infojewels LtdFY26
Wound-up overseas subsidiary
Minal International FZE (Rs. 408.99 lakhs written off)FY26
Registered office
Andheri-East, MumbaiFY26
Biggest cost
Materials at Rs. 18.249 crore (42.6% of revenue)
Kind of business
Small trading and distribution company with going concern uncertainty and accumulated losses
Where it sits
BSE-listed entity classified in Trading & Distributors industry under Commercial Services & Supplies
Market Cap
₹77 Cr
P / E (TTM)
19.1×
EV / EBITDA
49.7×
Div Yield
—
Growth
25.1%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
2.2%·
ROCE (5y median)
ROE 0.9% (5y median) · margin 3.7%
Leverage
0.09·
Debt / Equity · low
Net debt ₹0.89 Cr
Revenue FY21→FY26
3.1×▲
Margin +35.5 pts
₹14 Cr → ₹43 Cr
Cash conversion
1.54×▲
Operating cash ÷ profit · 5 yrs
₹5 Cr on ₹3 Cr
Where it sits among 188 Trading & Distributors peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#77/130
P/B#83/150
ROCE#96/177
ROE#93/158
Debt / Equity#82/154
EBITDA margin#34/137
Revenue growth#78/135
Profit growth#100/157

Scorecard

Measured from the filed financials, judged against its Trading & Distributors peers · as of FY26 — not investment advice

Strengths
Revenue compounding 25% a year over 5 years
Over 5 years it reported ₹3.08 Cr of profit and ₹4.73 Cr of operating cash — 1.54×
Profit is converting into cash
Concerns
Erratic profits — up in only 2 of the last 5 years
Returns on capital 2.2% (5-year median)
#96 of 177 in Trading & Distributors on the latest reported figures · up from −7.9% in FY21
Heavy working capital — 489 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

MINALIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MINAL INDUSTRIES LTD.'s filed financials and exchange disclosures

What does MINAL INDUSTRIES LTD. do?

MINAL INDUSTRIES LTD. is a Commercial Services & Supplies company listed on NSE and BSE, trading under the symbol MINALIND.

Is MINAL INDUSTRIES LTD. profitable?

Yes. Over the trailing twelve months MINAL INDUSTRIES LTD. reported a net profit of ₹0.60 Cr on revenue of ₹43 Cr.

Does MINAL INDUSTRIES LTD. pay a dividend?

Not in the latest reported year — MINAL INDUSTRIES LTD.'s dividend payout for FY26 was nil.

Is MINAL INDUSTRIES LTD. debt-free?

No. It reported borrowings of ₹5.69 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹0.89 Cr after cash. Debt stands at 0.09× equity. That is higher than 53% of its 154 Trading & Distributors peers.

Is MINAL INDUSTRIES LTD. expensive compared with its peers?

On trailing P/E, MINAL INDUSTRIES LTD. ranks 77 of 130 in Trading & Distributors — cheaper than 41% of them, against an industry median of 15.8×. This is a position, not a valuation judgement.

Where can I track MINAL INDUSTRIES LTD.'s announcements?

Every NSE and BSE filing by MINAL INDUSTRIES LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.