MINAL INDUSTRIES LTD. (MINALIND) financials

MINAL INDUSTRIES LTD. (MINALIND) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1988, Minal Industries Ltd is a Diamantaire and Jewellery and Engineering company.[1]

Market Cap: ₹89.6Cr.
Current Price: ₹4.68
ROE: -1.84%
ROCE: -0.72%
Book Value: ₹1.93
Dividend Yield: 0.00%
52W High / Low: ₹6.00/1.71

In Jun 2026, MINAL INDUSTRIES LTD. (MINALIND) reported sales ₹0.19 Cr and net profit ₹-0.33 Cr.

Annual TTM: sales ₹1.79 Cr, net profit ₹-1.41 Cr.

Shareholding: Promoters 40.79% (Jun 2026), Public 59.21% (Jun 2026), No. of Shareholders 14,600% (Jun 2026).

MINALIND quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	0.00	0.02	0.00	5.66	1.04	0.33	0.23	0.19
Expenses	0.86	0.28	0.57	5.35	1.23	0.59	0.77	0.71
Operating Profit	-0.86	-0.26	-0.57	0.31	-0.19	-0.26	-0.54	-0.52
OPM %	—	-1,300.00%	—	5.48%	-18.27%	-78.79%	-234.78%	-273.68%
Other Income	0.03	0.08	0.05	0.08	0.08	0.10	0.19	0.19
Interest	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02
Profit before tax	-0.85	-0.20	-0.53	0.38	-0.12	-0.17	-0.36	-0.35
Tax %	-14.12%	0.00%	0.00%	0.00%	0.00%	0.00%	119.44%	-5.71%
Net Profit	-0.73	-0.20	-0.52	0.38	-0.12	-0.17	-0.79	-0.33
EPS in Rs	-0.04	-0.01	-0.03	0.02	-0.01	-0.01	-0.04	-0.02
Raw PDF	—	—	—	—	—	—	—	—

MINALIND profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	-1.01	0.00	0.73	4.30	1.05	0.78	7.26	1.79
Expenses	5.79	18.63	0.89	3.83	1.05	2.05	7.94	3.30
Operating Profit	-6.80	-18.63	-0.16	0.47	0.00	-1.27	-0.68	-1.51
OPM %	—	—	-21.92%	10.93%	0.00%	-162.82%	-9.37%	-84.36%
Other Income	4.23	1.43	0.57	0.60	-3.45	0.22	0.45	0.56
Interest	0.01	0.00	0.00	0.06	0.00	0.03	0.00	0.00
Depreciation	0.04	0.04	0.04	0.03	0.04	0.04	0.04	0.05
Profit before tax	-2.62	-17.24	0.37	0.98	-3.49	-1.12	-0.27	-1.00
Tax %	0.00%	0.00%	2.70%	-2.04%	-0.29%	0.00%	159.26%	—
Net Profit	-2.62	-17.24	0.36	1.00	-3.47	-1.12	-0.69	-1.41
EPS in Rs	-0.14	-0.90	0.02	0.05	-0.18	-0.06	-0.04	-0.08
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

MINALIND balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	38.38	38.38	38.38	38.38	38.38	38.38	38.38	38.38
Reserves	22.47	19.85	2.61	2.97	3.96	0.50	-0.61	-1.31
Borrowings	0.35	0.00	0.00	0.00	0.00	0.17	0.00	0.00
Other Liabilities	0.27	0.21	0.29	0.24	1.93	0.87	0.40	0.26
Total Liabilities	61.47	58.44	41.28	41.59	44.27	39.92	38.17	37.33
Fixed Assets	0.68	0.60	0.56	0.53	0.50	0.46	0.42	0.67
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	12.32	12.33	6.31	6.31	6.31	6.12	6.12	6.12
Other Assets	48.47	45.51	34.41	34.75	37.46	33.34	31.63	30.54
Total Assets	61.47	58.44	41.28	41.59	44.27	39.92	38.17	37.33

MINALIND cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-0.14	-0.13	5.86	-0.21	-2.41	-1.47	-0.33	5.78
Cash from Investing Activity	0.11	0.47	-5.85	0.24	2.62	1.09	0.56	-1.61
Cash from Financing Activity	0.00	-0.35	0.00	0.00	0.00	0.17	-0.20	0.00
Net Cash Flow	-0.03	-0.01	0.01	0.03	0.21	-0.21	0.03	4.17
Free Cash Flow	-0.14	1.78	5.86	-0.21	-2.41	-1.47	-0.33	5.49
CFO/OP	19%	-1%	-32%	156%	-506%	—	28%	-865%

MINALIND shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	40.63%	40.63%	40.63%	40.63%	40.63%	40.63%	40.78%	40.79%
Public	59.38%	59.38%	59.37%	59.38%	59.38%	59.37%	59.22%	59.21%
No. of Shareholders	7,912	10,976	14,809	14,916	14,985	14,886	14,649	14,600

MINALIND key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	—	0.00	—	365.00	292.85	1,421.76	1,890.51	20.61
Inventory Days	—	621.25	—	6,699.27	1,225.52	11,370.30	4,155.72	343.79
Days Payable	—	7.48	—	83.65	210.22	918.03	158.31	7.07
Cash Conversion Cycle	—	613.77	—	6,980.63	1,308.15	11,874.03	5,887.92	357.33
Working Capital Days	—	15,868.47	—	14,060.00	2,661.95	10,171.33	13,313.14	1,096.01
ROCE %	-0.08%	-7.70%	-34.75%	0.90%	2.49%	1.47%	-2.84%	-0.72%

MINALINDUpdated 26 Sept 2026, 1:31

Minal Industries Ltd.

MINALINDUpdated 26 Sept 2026, 1:31

Market Cap

₹89.6Cr.

Current Price

₹4.68

High / Low

₹6.00/1.71

ROE-1.84%

ROCE-0.72%

Book Value₹1.93

Face Value₹2.00

Dividend Yield0.00%

About

Incorporated in 1988, Minal Industries Ltd is a Diamantaire and Jewellery and Engineering company.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	0	0	0.17	0.07	0.01	-0.11	0	-0.12	-0.01
Sep 2023	0.15	0	-0.68	0.09	0.01	0.91	15.38	0.77	0.04
Dec 2023	0.9	0	1.59	0.05	0.01	-0.65	-15.38	-0.55	-0.03
Mar 2024	0	0	-0.05	-3.67	0.01	-3.63	-1.38	-3.58	-0.19
Jun 2024	0.75	0.01	0.32	0.05	0.01	0.46	26.09	0.34	0.02
Sep 2024	0	0.01	0.86	0.03	0.01	-0.85	-14.12	-0.73	-0.04
Dec 2024	0.02	0.01	0.28	0.08	0.01	-0.2	0	-0.2	-0.01
Mar 2025	0	0	0.57	0.05	0.01	-0.53	0	-0.52	-0.03
Jun 2025	5.66	0	5.35	0.08	0.01	0.38	0	0.38	0.02
Sep 2025	1.04	0	1.23	0.08	0.01	-0.12	0	-0.12	-0.01
Dec 2025	0.33	0	0.59	0.1	0.01	-0.17	0	-0.17	-0.01
Mar 2026	0.23	0	0.77	0.19	0.01	-0.36	119.44	-0.79	-0.04
Jun 2026	0.19	0	0.71	0.19	0.02	-0.35	-5.71	-0.33	-0.02

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	0.7	0.01	2.46	0.1	0.15	-1.82	-3.3	-1.76	-0.09
Mar 2016	0.01	0.01	16.18	7.61	0.07	-8.64	0.46	-8.69	-0.45
Mar 2017	0	0.01	0.97	0	0.07	-1.05	0	-1.05	-0.05
Mar 2018	0	0.01	0.51	0.17	0.05	-0.4	-2.5	-0.39	-0.02
Mar 2019	0	0.02	0.75	0.99	0.29	-0.07	-114.29	0.01	0
Mar 2020	-1.01	0.01	5.79	4.23	0.04	-2.62	0	-2.62	-0.14
Mar 2021	0	0	18.63	1.43	0.04	-17.24	0	-17.24	-0.9
Mar 2022	0.73	0	0.89	0.57	0.04	0.37	2.7	0.36	0.02
Mar 2023	4.3	0.06	3.83	0.6	0.03	0.98	-2.04	1	0.05
Mar 2024	1.05	0	1.05	-3.45	0.04	-3.49	-0.29	-3.47	-0.18
Mar 2025	0.78	0.03	2.05	0.22	0.04	-1.12	0	-1.12	-0.06
Mar 2026	7.26	0	7.94	0.45	0.04	-0.27	159.26	-0.69	-0.04
TTM	1.79	0	3.3	0.56	0.05	-1	—	-1.41	-0.08

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	40.79%
Public	59.21%

Shareholding trend

Ownership over time%

Quarter	Promoters	Public
Sep 2023	59.74%	40.26%
Dec 2023	59.42%	40.58%
Mar 2024	40.63%	59.37%
Jun 2024	40.63%	59.37%
Sep 2024	40.63%	59.38%
Dec 2024	40.63%	59.38%
Mar 2025	40.63%	59.37%
Jun 2025	40.63%	59.38%
Sep 2025	40.63%	59.38%
Dec 2025	40.63%	59.37%
Mar 2026	40.78%	59.22%
Jun 2026	40.79%	59.21%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	Investments	Other Assets	Total Assets
Mar 2015	38.38	32.58	0.35	528.09	599.4	1.22	20.78	577.4	599.4
Mar 2016	38.38	23.9	0.35	5.96	68.59	1.15	12.34	55.1	68.59
Mar 2017	38.38	22.85	0.35	0.38	61.96	1.08	12.34	48.54	61.96
Mar 2018	38.38	22.46	0.35	0.38	61.57	1.03	12.33	48.21	61.57
Mar 2019	38.38	22.47	0.35	0.27	61.47	0.68	12.32	48.47	61.47
Mar 2020	38.38	19.85	0	0.21	58.44	0.6	12.33	45.51	58.44
Mar 2021	38.38	2.61	0	0.29	41.28	0.56	6.31	34.41	41.28
Mar 2022	38.38	2.97	0	0.24	41.59	0.53	6.31	34.75	41.59
Mar 2023	38.38	3.96	0	1.93	44.27	0.5	6.31	37.46	44.27
Mar 2024	38.38	0.5	0.17	0.87	39.92	0.46	6.12	33.34	39.92
Mar 2025	38.38	-0.61	0	0.4	38.17	0.42	6.12	31.63	38.17
Mar 2026	38.38	-1.31	0	0.26	37.33	0.67	6.12	30.54	37.33

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	-0.25	0.19	-0.05	-0.11
Mar 2016	-8.55	8.54	0	-0.01
Mar 2017	-0.19	0	0	-0.19
Mar 2018	-0.13	0.11	0	-0.02
Mar 2019	-0.14	0.11	0	-0.03
Mar 2020	-0.13	0.47	-0.35	-0.01
Mar 2021	5.86	-5.85	0	0.01
Mar 2022	-0.21	0.24	0	0.03
Mar 2023	-2.41	2.62	0	0.21
Mar 2024	-1.47	1.09	0.17	-0.21
Mar 2025	-0.33	0.56	-0.2	0.03
Mar 2026	5.78	-1.61	0	4.17

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	278,703.57	719,415.00	—	—	—	0.00	—	365.00	292.85	1,421.76	1,890.51	20.61
Inventory Days	10,658.00	714.26	—	—	—	621.25	—	6,699.27	1,225.52	11,370.30	4,155.72	343.79
Days Payable	256,852.93	277.93	—	—	—	7.48	—	83.65	210.22	918.03	158.31	7.07
Cash Conversion Cycle	32,508.64	719,851.33	—	—	—	613.77	—	6,980.63	1,308.15	11,874.03	5,887.92	357.33
Working Capital Days	25,346.64	1,768,425.00	—	—	—	15,868.47	—	14,060.00	2,661.95	10,171.33	13,313.14	1,096.01
ROCE %	-2.51%	-12.89%	-1.67%	-0.64%	-0.08%	-7.70%	-34.75%	0.90%	2.49%	1.47%	-2.84%	-0.72%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MINAL INDUSTRIES LTD. (MINALIND)?

The reported market capitalisation for MINAL INDUSTRIES LTD. (MINALIND) is ₹89.6Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MINALIND?

The current price shown for MINAL INDUSTRIES LTD. (MINALIND) on Fincrux is ₹4.68 with a 52-week high/low of ₹6.00/1.71.

What were MINALIND latest quarterly results?

For Jun 2026, MINAL INDUSTRIES LTD. (MINALIND) reported sales ₹0.19 Cr and net profit ₹-0.33 Cr (figures in ₹ crore unless noted).

What are MINALIND annual sales and net profit?

For TTM, MINAL INDUSTRIES LTD. (MINALIND) shows sales of ₹1.79 Cr and net profit of ₹-1.41 Cr on the Fincrux profit & loss statement.

Who owns MINAL INDUSTRIES LTD. (MINALIND)?

Latest shareholding for MINAL INDUSTRIES LTD. (MINALIND) on Fincrux: Promoters 40.79% (Jun 2026), Public 59.21% (Jun 2026), No. of Shareholders 14,600% (Jun 2026).

Where can I find MINAL INDUSTRIES LTD. (MINALIND) financials?

MINAL INDUSTRIES LTD. (MINALIND) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MINALIND balance sheet and cash flow?

Yes. The MINAL INDUSTRIES LTD. (MINALIND) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 26 September 2026 at 1:31