Mini Diamonds (India) Limited (MINID.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-659.6%

-₹22.44

vs ₹4.01 price

Levered DCF

-₹42.33

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	165.11×	107.64×	7.85×	12×	37.26×	11.78×	-1.22×	-1.18×
P/B	2.76×	5.66×	1.94×	1.05×	1.38×	0.29×	0.22×	0.22×
P/S	0.31×	0.87×	0.07×	0.04×	0.09×	0.08×	0.02×	0.01×
EV / EBITDA	147.92×	60.46×	11.4×	16.62×	38.63×	35.84×	-13.18×	51.44×
Gross margin	2.3%	4.2%	1.3%	3.5%	0.2%	4.5%	-6.7%	0.2%
Operating margin	0.1%	1.3%	0.8%	-1.6%	-0.8%	4.1%	-6.3%	-0.8%
Net margin	0.2%	0.8%	0.9%	0.3%	0.2%	0.7%	-2.0%	-1.1%
Current ratio	1.27×	1.41×	1.04×	1.03×	1.06×	1.12×	1.1×	1.07×
Debt / equity	0.05×	0.04×	1.68×	2.1×	0.66×	1.03×	1.49×	2.02×
Interest coverage	21.4×	54.17×	75.65×	-15.67×	-41.86×	121.04×	-18.86×	-0.46×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.7%	5.3%	24.8%	8.9%	3.7%	2.5%	-17.7%	-18.1%
Return on invested capital	1.0%	4.8%	8.6%	-13.3%	-6.8%	6.9%	-22.8%	-3.2%
Return on assets	0.4%	1.6%	1.2%	0.5%	0.2%	0.3%	-1.7%	-1.3%
Free cash flow yield	-0.8%	-10.8%	-0.3%	-143.2%	30.5%	128.0%	396.1%	544.8%
Earnings yield	0.6%	0.9%	12.8%	8.5%	2.7%	8.5%	-81.6%	-84.0%
Enterprise value	₹1.8B	₹3.5B	₹295.7M	₹196.2M	₹113.6M	₹74.6M	₹91M	₹138.3M
Net debt / EBITDA	1.76×	0.01×	4.92×	11.01×	11.58×	27.8×	-11.48×	46.3×
Cash conversion cycle (days)	53	56	31	38	18	137	118	74