Synopsis:
Mini Diamond India Limited has received an international export order worth Rs.18.29 Crores for the supply of lab-grown cut and polished diamonds.
The shares of one of the leading players engaged in the business of manufacturing and trading of diamonds has come into focus after receiving an export order worth Rs. 18.29 Crores
With the market capitalization of Rs.424 crore, the shares of Mini Diamond India Limited are trading at Rs.180, down by -0.58 percent from its previous day’s closing price of Rs.181 per equity share.
Work Order
Mini Diamond India Limited has secured an export order for the supply of lab-grown cut and polished diamonds to prominent overseas clients from Hongkong, for a consideration of Rs. 18.29 Crores, thereby strengthening its presence in international markets and export revenues.
Management Commentary
Mini Diamond India Limited’s CMD, Mr.Upendra N. Shah, commented as follows: “We are encouraged by the sustained traction and growing acceptance of lab-grown diamonds in global markets.
This order from Hong Kong is a positive reflection of the trust our international clients place in the quality and reliability of our products. It aligns with our broader objective of scaling up our exports while systematically diversifying our customer base across geographies.
We remain committed to enhancing our production capabilities, adhering to global certification standards, and building long-term relationships with key partners across the globe. Our success in the Far East has been encouraging, and adding Hong Kong strengthens our global footprint. This order reflects the trust in MDIL’s quality and opens new growth avenues in the region.”
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About the Company & Others
Mini Diamond India Limited, established in the year 1987, is engaged in the cut and polished diamond import and export business. In Mumbai, the company operates a modern facility equipped with advanced machinery and technology for enhancing end-to-end cutting and polishing of rough diamonds. It is known for its vibrant diamond trade, reflecting the growing global preference for high-quality, Indian-crafted lab-grown diamonds.
The firm is also into manufacturing, marketing, and sales of lab-grown diamond jewellery. They cater to both the Indian and international markets by offering their products through B2B and B2C channels.
Financial Outlook
Revenue from operations rose from Rs.84.70 crore in Q4FY24 to Rs.96.79 crore in Q4FY25, while net profit decreased from Rs.1.34 crore to Rs.-2.70 crore. The company has reported an ROE of 9.63 percent and an ROCE of 12.6 percent. With a P/E ratio of 123.29, which is above the industry average of 30.32, the stock appears overvalued compared to its peers.
Written by Jhanavi Sivakumar
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