Minal Industries Ltd
Minal Industries Ltd (MINALIND) last reported results for the quarter ended Jun 2026, with sales of ₹13.11 crore and net profit of ₹2.37 crore. The stock last traded at ₹3.93, a market capitalisation of ₹74.7 crore, on a P/E of 202. Over the past 52 weeks the stock has ranged between ₹1.71 and ₹6. Figures are as of 9 Oct 2026 and are not real time.
Minal Industries Ltd share price and key metrics
- Current price
- ₹3.93
- Market cap
- ₹74.7 cr
- Stock P/E
- 202
- Book value
- ₹2.77
- ROE
- 1.13%
- ROCE
- 1.42%
- Dividend yield
- 0.00%
- 52w high / low
- 6.00/1.71
Metrics as of 9 Oct 2026. Not real time.
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Minal Industries Ltd growth and returns
- 10 Years
- 131%
- 5 Years
- 25%
- 3 Years
- 17%
- TTM
- -6%
- 10 Years
- 8%
- 5 Years
- 18%
- 3 Years
- 23%
- TTM
- -78%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- -10%
- 1 Year
- -1%
- 10 Years
- %
- 5 Years
- 2%
- 3 Years
- 2%
- Last Year
- 1%
Minal Industries Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹13.11 cr, up 30.6% from ₹10.04 cr a year earlier. Net profit was ₹2.37 cr, up 248.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 10.77 | 8.87 | 19.16 | 10.04 | 8.9 | 8.71 | 15.18 | 13.11 |
| Expenses | 10.57 | 9.82 | 15.22 | 9.3 | 10.08 | 9.89 | 14.29 | 11.07 |
| Operating profit | 0.2 | -0.95 | 3.94 | 0.74 | -1.18 | -1.18 | 0.89 | 2.04 |
| OPM % | 1.86% | -10.71% | 20.56% | 7.37% | -13.26% | -13.55% | 5.86% | 15.56% |
| Other income | 0.23 | 0.87 | -0.22 | 0.18 | 0.58 | 0.34 | 1.19 | 0.39 |
| Interest | 0.03 | 0.04 | 0.07 | 0.02 | -0.01 | 0.02 | 0.01 | 0.02 |
| Depreciation | 0.14 | 0.14 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 |
| Profit before tax | 0.26 | -0.26 | 3.52 | 0.76 | -0.73 | -1 | 1.93 | 2.27 |
| Tax % | -11.54% | -96.15% | -0.57% | 10.53% | -2.74% | 0.00% | 15.54% | -4.41% |
| Net profit | 0.29 | -0.01 | 3.54 | 0.68 | -0.71 | -1 | 1.63 | 2.37 |
| EPS (₹) | -0.01 | 0.03 | 0.05 | 0.03 | -0.02 | -0.03 | 0.02 | 0.05 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Minal Industries Ltd annual results
| ₹ crore | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.04 | 0.01 | 40.25 | 36.15 | 14 | 28.24 | 26.8 | 37.85 | 51.12 | 42.83 | 45.9 |
| Operating profit | -3 | -16.5 | -1.12 | -9.46 | -5.41 | -0.16 | -0.25 | 0.8 | 3.86 | -0.72 | 0.57 |
| OPM % | -74.26% | -165,000.00% | -2.78% | -26.17% | -38.64% | -0.57% | -0.93% | 2.11% | 7.55% | -1.68% | 1.24% |
| Net profit | -3.09 | -9.11 | 0.33 | -7.41 | -4.78 | 0.67 | -0.31 | -2.08 | 4.21 | 0.6 | 2.29 |
| EPS (₹) | -0.16 | -0.47 | 0.00 | -0.27 | -0.11 | 0.02 | 0.02 | -0.15 | 0.08 | 0.03 | 0.02 |
TTM is the trailing twelve months to the most recent quarter.
Minal Industries Ltd balance sheet
| ₹ crore | Mar 2015 | Mar 2016 | 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 | 38.38 | 38.38 |
| Reserves | 62.00 | 54.78 | 21.71 | 16.84 | 14.68 | 15.27 | 16.39 | 15.05 | 14.86 | 14.82 |
| Borrowings | 0.35 | 0.35 | 20.76 | 19.01 | 18.97 | 9.12 | 11.82 | 13.24 | 8.24 | 6.32 |
| Other liabilities | 530.73 | 8.77 | 22.83 | 14.76 | 11.30 | 9.92 | 17.65 | 24.48 | 23.68 | 28.21 |
| Total liabilities | 631.46 | 102.28 | 103.68 | 88.99 | 83.33 | 72.69 | 84.24 | 91.15 | 85.16 | 87.73 |
| Fixed assets | 1.22 | 1.15 | 4.47 | 5.75 | 5.02 | 4.48 | 4.19 | 3.86 | 3.77 | 3.62 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 20.59 | 12.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other assets | 609.65 | 88.97 | 99.21 | 83.24 | 78.31 | 68.21 | 80.05 | 87.29 | 81.39 | 84.11 |
| Total assets | 631.46 | 102.28 | 103.68 | 88.99 | 83.33 | 72.69 | 84.24 | 91.15 | 85.16 | 87.73 |
As reported by the company. Total assets equal total liabilities by construction.
Minal Industries Ltd cash flow
| ₹ crore | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 0.00 | 0.00 | 1.98 | -3.30 | 4.90 | -17.47 | -2.45 | -1.05 | 4.03 | 7.42 |
| Cash from investing | 0.00 | 0.00 | -0.26 | 0.35 | -3.82 | 27.99 | 1.30 | 0.71 | 0.11 | -1.49 |
| Cash from financing | 0.00 | 0.00 | 0.54 | -2.13 | -0.11 | -11.31 | 1.00 | 0.15 | -3.58 | -1.97 |
| Net cash flow | 0.00 | 0.00 | 2.25 | -5.08 | 0.97 | -0.79 | -0.14 | -0.19 | 0.56 | 3.96 |
| Free cash flow | 0.00 | 0.00 | 1.98 | -1.51 | 4.88 | -17.33 | -2.83 | -1.24 | 3.57 | 7.01 |
| CFO / operating profit | 0% | 0% | -183% | 35% | -95% | 11,125% | 968% | -85% | 101% | -1,026% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Minal Industries Ltd operating ratios
| Per year | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -3.09% | -9.33% | — | -10.17% | -5.99% | 1.89% | 1.97% | 3.53% | 5.97% | 1.42% |
| Debtor days | 51,402.66 | 2,044,730.00 | 230.24 | 137.92 | 157.21 | 158.46 | 125.71 | 140.41 | 171.58 | 142.57 |
| Inventory days | 1,628.00 | 714.26 | 844.83 | 712.54 | 2,302.63 | 1,117.27 | 1,529.33 | 1,057.21 | 573.16 | 783.55 |
| Days payable | 39,430.41 | 415.67 | 115.99 | 15.80 | 86.67 | 31.59 | 202.10 | 249.04 | 119.36 | 220.41 |
| Cash conversion cycle | 13,600.26 | 2,045,028.59 | 959.08 | 834.66 | 2,373.17 | 1,244.14 | 1,452.94 | 948.58 | 625.37 | 705.71 |
| Working capital days | 7,065.10 | 2,902,115.00 | 562.69 | 592.28 | 1,225.10 | 688.77 | 737.22 | 627.88 | 459.32 | 492.15 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Minal Industries Ltd shareholding pattern
Promoters held 40.80% at Sep 2026, broadly unchanged since Sep 2025.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 40.63% | 40.63% | 40.63% | 40.63% | 40.63% | 40.78% | 40.79% | 40.80% |
| Public | 59.38% | 59.37% | 59.38% | 59.38% | 59.37% | 59.22% | 59.21% | 59.19% |
| No. of shareholders | 10,976 | 14,809 | 14,916 | 14,985 | 14,886 | 14,649 | 14,600 | 15,345 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Minal Industries Ltd corporate filings
- Compliance Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for quarter ended 30th September, 2026Company Updatelow impact
- Voting Results and Scrutinizer''s Report of the 38th Annual General Meeting of the Company held on Tuesday, 29th September, 2026AGM/EGMmedium impact
- Minal Industries Ltd concludes 38th Annual General Meeting held on September 29, 2026Company Updatelow impact
Cruxal's analysis: Minal Industries Ltd successfully conducted its 38th Annual General Meeting on September…
Read the full analysis - Minal Industries Limited concludes 38th Annual General Meeting with focus on related party transactions and management remunerationAGM/EGMlow impact
Cruxal's analysis: Minal Industries Limited has successfully concluded its 38th Annual General Meeting held…
Read the full analysis - Intimation relating to Closure of Trading WindowInsider Trading / SASTlow impact
- Minal Industries Ltd reports demise of a promoterCompany Updatelow impact
Cruxal's analysis: Minal Industries Ltd has formally intimated the exchange regarding the demise of one of…
Read the full analysis - Minal Industries Ltd announces demise of a promoterCompany Updatelow impact
Cruxal's analysis: Minal Industries Ltd has filed an intimation regarding the demise of a promoter of the…
Read the full analysis - Minal Industries Limited Announces 38th Annual General Meeting (AGM) for FY 2025-26Company Updatelow impact
Cruxal's analysis: Minal Industries Limited has issued a formal notice for its 38th Annual General Meeting…
Read the full analysis - Minal Industries Ltd dispatches physical letters to shareholders with unregistered email IDsCompany Updatelow impact
Cruxal's analysis: Minal Industries Ltd has initiated the dispatch of physical letters to shareholders who…
Read the full analysis - Minal Industries Ltd announces book closure dates for Annual General MeetingCorp. Actionlow impact
Cruxal's analysis: Minal Industries Ltd has issued an intimation regarding the closure of its register of…
Read the full analysis - Minal Industries Limited Announces 38th Annual General Meeting and Seeks Approval for Material Related Party TransactionsAGM/EGMlow impact
Cruxal's analysis: Minal Industries Limited has issued a notice for its 38th Annual General Meeting…
Read the full analysis - Minal Industries Ltd releases Annual Report for FY 2025-2026Otherslow impact
Cruxal's analysis: Minal Industries Ltd has filed its Annual Report for the financial year 2025-2026 as per…
Read the full analysis - Minal Industries Limited Announces 38th Annual General Meeting and Related Party Transaction ApprovalsOtherslow impact
Cruxal's analysis: Minal Industries Limited has formally announced the convening of its 38th Annual General…
Read the full analysis - Minal Industries Ltd issues clarification regarding recent equity share price movementCompany Updatelow impact
Cruxal's analysis: Minal Industries Ltd has issued a formal clarification in response to recent volatility…
Read the full analysis - Minal Industries Limited Promoter Increases Stake via Open Market PurchaseCompany Updatemedium impact
Cruxal's analysis: Minal Industries Limited has disclosed that its Promoter and Director, Mr. Shrikant…
Read the full analysis - Minal Industries Limited reports Q1 FY2027 financial results with net profit of 2.37 croreCompany Updatelow impact
Cruxal's analysis: Minal Industries Limited has released its unaudited standalone and consolidated financial…
Read the full analysis - Minal Industries Limited Reports Q1 FY2027 Financial Results Amidst Ongoing Going Concern Uncertainties and Regulatory FineBoard Meetingmedium impact
Cruxal's analysis: Minal Industries Limited reported a standalone net loss of 33.01 lakh for the quarter…
Read the full analysis - Minal Industries Limited schedules Board Meeting for June 2026 quarterly results on August 13, 2026Board Meetinglow impact
Cruxal's analysis: Minal Industries Limited has issued a formal intimation regarding a Board of Directors…
Read the full analysis - Minal Industries Limited appoints new Company Secretary and Compliance OfficerOtherslow impact
Cruxal's analysis: Minal Industries Limited has announced the appointment of Mr. Saket Rajendra Sugandh as…
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