BSE: 522235 | NSE: | Diamond & Jewellery | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Minal Industries Ltd is a below average quality company.
The key valuation ratios of Minal Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Minal Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -0.3% | -2.5% | -12.9% | -1.7% | -0.6% | -0.1% | -4.4% | -34.8% | 0.9% | 2.5% | - |
| Value Creation Index ⓘ | -1.0 | -1.2 | -1.9 | -1.1 | -1.1 | -1.0 | -1.3 | -3.5 | -0.9 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0.1 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0.7 | 4.3 | 2 |
| Sales YoY Gr. | - | 775% | -98.6% | -100% | NA | NA | NA | NA | NA | 489% | - |
| Adj EPS ⓘ | -0 | -0.1 | -0.2 | -0.1 | -0 | -0 | -0.2 | -0.7 | 0 | 0.1 | -0.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | 150% | - |
| BVPS (₹) ⓘ | 3.8 | 3.7 | 3.2 | 3.2 | 3.2 | 3.2 | 3 | 2.1 | 2.2 | 2.2 | 2 |
| Adj Net Profit ⓘ | -0.3 | -1.3 | -3.4 | -0.9 | -0.4 | -0.5 | -4.2 | -13 | 0.3 | 0.9 | -3 |
| Cash Flow from Ops. ⓘ | -5.2 | -0.3 | -8.6 | -0.2 | -0.1 | -0.1 | -0.1 | 5.9 | -0.2 | -2.4 | - |
| Debt/CF from Ops. ⓘ | -0.1 | -1.4 | -0 | -1.8 | -2.6 | -2.5 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 55.7% | NA | NA | 489% | ||||
| Adj EPS ⓘ | NA | NA | NA | 150% | ||||
| BVPSⓘ | -5.8% | -7% | -10% | 2.8% | ||||
| Share Price | 11.8% | 52.9% | 102.9% | -24.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.5 | -1.8 | -5 | -1.4 | -0.7 | -0.9 | -7.1 | -26.2 | 0.8 | 2.1 | -7.5 |
| Op. Profit Mgn % ⓘ | -495.8 | -155.5 | -52318.4 | -14798.9 | 0 | 0 | 0 | 0 | -20.6 | 11 | 31 |
| Net Profit Mgn % ⓘ | -392.8 | -183.1 | -22646.1 | -17797.2 | 0 | 0 | 0 | 0 | 43 | 20.5 | -169.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 23,15,197 | 2,94,307 | 77,93,602 | 38,67,806 | 0 | 0 | 0 | 0 | 17,210 | 3,055 | 5,148 |
| Cash Conv. Cycle ⓘ | 15,46,482 | -37,180 | 68,03,216 | 22,61,273 | 0 | 0 | 0 | 0 | 4,469 | 934 | 4,991 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -48.79%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.2 | -0.2 |
| TTM Sales (₹ Cr.) | 1.8 | 37.9 |
| BVPS (₹.) ⓘ | 2 | 2.8 |
| Reserves (₹ Cr.) ⓘ | 1 | 15 |
| P/BV ⓘ | 2.12 | 1.54 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 3.87 / 6.53 |
| All Time Low / High (₹) | 0.11 / 23.18 |
| Market Cap (₹ Cr.) | 83.1 |
| Equity (₹ Cr.) | 38.4 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 83.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.08 | 0.70 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0.73 | 4.30 |
| Operating Expenses ⓘ | 0.56 | 2.47 | 16.20 | 0.99 | 0.51 | 0.75 | 6.80 | 18.63 | 0.89 | 3.83 |
| Manufacturing Costs | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Material Costs | 0.04 | 0.75 | 7.41 | 0 | 0 | 0 | 5.37 | -0.01 | 0.48 | 3.17 |
| Employee Cost | 0.10 | 0.09 | 0.03 | 0.11 | 0.05 | 0.06 | 0.06 | 0.05 | 0.10 | 0.09 |
| Other Costs ⓘ | 0.40 | 1.60 | 8.75 | 0.87 | 0.45 | 0.69 | 1.36 | 18.59 | 0.31 | 0.56 |
| Operating Profit ⓘ | -0.48 | -1.76 | -16.18 | -0.98 | -0.51 | -0.75 | -6.80 | -18.63 | -0.16 | 0.47 |
| Operating Profit Margin (%) | -571.0% | -250.0% | -1,09,350.2% | -20,153.9% | - | - | - | - | -21.3% | 10.9% |
| Other Income ⓘ | 0.33 | 0.10 | 7.61 | 0 | 0.17 | 0.99 | 2.33 | 1.43 | 0.57 | 0.60 |
| Interest ⓘ | 0.02 | 0.01 | 0 | 0.01 | 0.01 | 0.02 | 0.01 | 0 | 0 | 0.06 |
| Depreciation ⓘ | 0.05 | 0.15 | 0.07 | 0.07 | 0.05 | 0.29 | 0.04 | 0.04 | 0.04 | 0.03 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1.90 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -0.21 | -1.82 | -8.64 | -1.05 | -0.40 | -0.07 | -2.62 | -17.24 | 0.37 | 0.98 |
| Tax ⓘ | 0.01 | -0.06 | 0.04 | 0 | -0.01 | -0.08 | 0 | 0 | 0.01 | -0.02 |
| Profit After Tax | -0.23 | -1.76 | -8.69 | -1.05 | -0.39 | 0.01 | -2.62 | -17.24 | 0.36 | 1 |
| PAT Margin (%) | -269.0% | -249.0% | -58,688.2% | -21,545.7% | - | - | - | - | 49.1% | 23.3% |
| Adjusted EPS (₹) | 0.0 | -0.1 | -0.5 | -0.1 | 0.0 | 0.0 | -0.1 | -0.9 | 0.0 | 0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 72.69 | 70.96 | 62.28 | 61.23 | 60.84 | 60.85 | 58.23 | 40.99 | 41.35 | 42.34 |
| Share Capital ⓘ | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 | 38.38 |
| Reserves ⓘ | 34.31 | 32.58 | 23.90 | 22.85 | 22.46 | 22.47 | 19.85 | 2.61 | 2.97 | 3.96 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0.40 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0.40 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0 | 0 | 0 | 0 |
| Trade Payables | 506.95 | 527.78 | 5.65 | 0.11 | 0.21 | 0.13 | 0.11 | 0.19 | 0.11 | 1.82 |
| Others Liabilities ⓘ | 0.46 | 0.35 | 0.31 | 0.28 | 0.17 | 0.15 | 0.09 | 0.10 | 0.12 | 0.12 |
| Total Liabilities ⓘ | 580.50 | 599.44 | 68.58 | 61.96 | 61.57 | 61.47 | 58.43 | 41.28 | 41.59 | 44.28 |
Fixed Assets | ||||||||||
| Gross Block | 2.49 | 2.49 | 2.49 | 2.49 | 2.49 | 2.43 | 1.92 | 1.92 | 1.92 | 1.92 |
| Accumulated Depreciation | 1.17 | 1.27 | 1.34 | 1.41 | 1.46 | 1.75 | 1.32 | 1.35 | 1.39 | 1.42 |
| Net Fixed Assetsⓘ | 1.32 | 1.22 | 1.15 | 1.08 | 1.03 | 0.68 | 0.60 | 0.56 | 0.53 | 0.50 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 20.87 | 20.78 | 12.34 | 12.34 | 12.33 | 12.32 | 12.33 | 6.31 | 6.31 | 6.31 |
| Inventories | 22.40 | 21.90 | 14.52 | 14.51 | 14.51 | 14.51 | 9.14 | 9.15 | 8.81 | 10.61 |
| Trade Receivables | 513.57 | 534.50 | 19.71 | 11.77 | 11.81 | 11.80 | 0 | 0 | 0.73 | 3.45 |
| Cash Equivalents | 0.37 | 0.26 | 0.25 | 0.06 | 0.06 | 0.03 | 0.03 | 0.03 | 0.07 | 0.26 |
| Others Assetsⓘ | 21.97 | 20.78 | 20.61 | 22.19 | 21.82 | 22.11 | 36.34 | 25.22 | 25.15 | 23.15 |
| Total Assets ⓘ | 580.50 | 599.44 | 68.58 | 61.96 | 61.57 | 61.47 | 58.43 | 41.28 | 41.59 | 44.28 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -5.21 | -0.25 | -8.55 | -0.19 | -0.13 | -0.14 | -0.13 | 5.86 | -0.21 | -2.41 |
| PBT ⓘ | -0.21 | -1.82 | -8.64 | -1.05 | -0.40 | -0.07 | -2.62 | -17.24 | 0.37 | 0.98 |
| Adjustment ⓘ | -0.07 | 0.69 | -0.03 | 0.07 | -0.05 | -0.40 | -3.12 | 4.63 | -0.52 | -0.57 |
| Changes in Working Capital ⓘ | -4.93 | 0.84 | 0.17 | 0.79 | 0.32 | 0.33 | 5.81 | 18.56 | -0.11 | -2.79 |
| Tax Paid ⓘ | 0 | 0.04 | -0.04 | 0 | 0 | 0 | -0.20 | -0.10 | 0.04 | -0.03 |
| Cash Flow From Investing Activity ⓘ | 5.14 | 0.19 | 8.54 | 0 | 0.11 | 0.11 | 0.47 | -5.85 | 0.24 | 2.62 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | 1.91 | 0 | 0 | 0 |
| Net Investments | 5.03 | 0.09 | 8.43 | 0 | 0.01 | 0 | -1.45 | -5.85 | 0.87 | 2.44 |
| Others ⓘ | 0.11 | 0.10 | 0.10 | 0 | 0.10 | 0.11 | 0 | 0 | -0.63 | 0.18 |
| Cash Flow From Financing Activityⓘ | -0.01 | -0.05 | 0 | 0 | 0 | 0 | -0.35 | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.01 | -0.05 | 0 | 0 | 0 | 0 | -0.35 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0.07 | -0.11 | -0.01 | -0.19 | -0.02 | -0.03 | -0.01 | 0.01 | 0.03 | 0.21 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -0.31 | -2.45 | -13.04 | -1.7 | -0.63 | 0.01 | -4.4 | -34.76 | 0.87 | 2.39 |
| ROCE (%) | -0.27 | -2.5 | -12.91 | -1.69 | -0.63 | -0.09 | -4.37 | -34.75 | 0.91 | 2.49 |
| Asset Turnover Ratio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.1 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | -14 | N/A | N/A | -0.58 | -2.41 | Working Capital Days |
| Receivable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 365 | 178 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,476 | 825 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 8 | -4,974 | 114 | 111 |
Minal Engineering was incorporated as Minal Electra Tools on January 11, 1988 vide incorporation certificate no. 04-10259, under the Companies Act, 1956. Subsequently it was converted into a public company on September 30, 1993, under the name of Minal Electra Tools. The name of the company was changed to Minal Engineering on October 29, 1993.
The company is an existing profit-making and dividend paying company engaged in the manufacture of high precision dies, moulds, tools and engineering components, on job work basis and with own material. The company commenced commercial production in the year 1989.
The company has been promoted by Jesingbhai Parikh, Shrikant Parikh, Narayan Parikh and Mahendra Shah.
The registered office of the company is located at Paradise Complex,214/ A, Sayajigunj Vadodara,Gujarat-390005.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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