Debut Plus

₹5.67

▼ -0.11 -1.90%

As of 09 Sept 2026 · delayed

NSE Listed

ESM · ESM 2 · T2T
What does ESM · ESM 2 · T2T mean?
BSE · Enhanced Surveillance Measure (ESM 2)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-08-25
NSE · Enhanced Surveillance Measure (ESM 2)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-08-25
NSE · T2T

Minal Industries Ltd. (MINALIND)

Volume: 1,98,559Avg Vol 1W: 1,62,809Avg Vol 1M: 1,64,040.5352W Range:₹1.71₹5.89
NSE BSE www.minalindustrieslimited.in
Key Ratios
Checked 8h ago
Market Cap₹111 Cr
Current Price₹5.67
Previous Close₹5.78
High / Low (52w)₹5.89 / ₹1.71
Volume1,98,559
Avg Vol (1W)1,62,809
Avg Vol (1M)1,64,040.53
Stock P/E289
Book Value₹2.77
Dividend Yield0%
ROE131.8%
ROA261%
Revenue (TTM)₹52 Cr
Revenue Growth—
Profit Margin80.6%
Total Debt—
Shares Outstanding19 Cr
Face Value—
EPS (TTM)₹0.02
P/B2.09
Debt / Equity0.2
50 DMA₹4.07
200 DMA₹4.07
Day change-1.90%
SurveillanceESM · ESM 2 · T2T
Price Chart
₹5.67▲ 175.24% · 1Y
₹6₹26.9L
2026-08-17
2026-09-09

20-day avg volume: 1.6L shares

Pros
  • Healthy return on equity of 131.8%.
  • Company is almost debt-free.
Cons
  • Revenue fell 82% YoY.
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 289.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹11 Cr₹9 Cr₹19 Cr₹10 Cr₹9 Cr₹9 Cr₹15 Cr₹13 Cr
EBITDA₹0 Cr₹0 Cr₹4 Cr₹1 Cr₹-1 Cr₹-1 Cr₹2 Cr₹2 Cr
Net Profit₹0 Cr₹1 Cr₹1 Cr₹1 Cr₹0 Cr₹-1 Cr₹0 Cr₹1 Cr
EPS————————
Profit & Loss (Annual)
MetricDec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹0 Cr₹0 Cr₹52 Cr₹6 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr
EBITDA₹0 Cr₹-1 Cr₹4 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹-1 Cr₹2 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹0 Cr
EPS——0.22—————
Balance Sheet
MetricMar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹102 Cr₹104 Cr₹89 Cr₹83 Cr₹73 Cr₹84 Cr₹91 Cr₹85 Cr
Total Liabilities₹9 Cr₹32 Cr₹24 Cr₹23 Cr₹12 Cr₹23 Cr₹30 Cr₹22 Cr
Equity₹93 Cr₹72 Cr₹65 Cr₹60 Cr₹61 Cr₹61 Cr₹61 Cr₹63 Cr
Total Debt————————
Cash Flow
MetricMar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-10 Cr₹2 Cr₹-3 Cr₹5 Cr₹-18 Cr₹-2 Cr₹-1 Cr₹4 Cr
Investing₹9 Cr₹0 Cr₹0 Cr₹-6 Cr₹30 Cr₹1 Cr₹1 Cr₹0 Cr
Financing₹2 Cr₹1 Cr₹-2 Cr₹0 Cr₹-11 Cr₹1 Cr₹0 Cr₹-4 Cr
Free Cash Flow₹-10 Cr₹2 Cr₹-3 Cr₹5 Cr₹-18 Cr₹-2 Cr₹-1 Cr₹4 Cr
Shareholding
Promoter 40.79% Institutions 0% Public 59.21%
Efficiency & Working Capital
ROCE1.7%
Interest Coverage25.6
Dividend Payout—
Debtor Days172 d
Inventory Days367 d
Payable Days76 d
Cash Conversion Cycle462 d
Working Capital Days538 d
Shareholding Details

As of 2026-06-30

Promoter40.8%
FII0%
DII0%
Institutions0%
Public59.2%
Promoter Pledge0%
No. of Shareholders14,600
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters59.7%59.4%40.6%40.6%40.6%40.6%40.6%40.6%40.6%40.6%40.8%40.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public40.3%40.6%59.4%59.4%59.4%59.4%59.4%59.4%59.4%59.4%59.2%59.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2,2893,9955,0276,2127,91210,97614,80914,91614,98514,88614,64914,600
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Anila Shrikant ParikhShareholding of Promoter and Promoter Group39%7.48 Cr
Champak K. MehtaPublic Shareholding11%2.10 Cr
Mahendra Chandulal ShahPublic Shareholding10.9%2.10 Cr
Anant Ajay MehtaPublic Shareholding9.2%1.76 Cr
Divyanshu NavlakhaPublic Shareholding9.1%1.75 Cr
Aanishka Construction Pvt LtdPublic Shareholding5.1%98,29,085
Aanyora Construction Pvt LtdPublic Shareholding4.7%89,87,585
Shrikant Jesinglal ParikhShareholding of Promoter and Promoter Group1.4%26,76,843
Vikram Jesingbhai ParikhShareholding of Promoter and Promoter Group0.4%7,78,685
Akash Vikrambhai ParikhShareholding of Promoter and Promoter Group0%4,181
Sona Akash ParikhShareholding of Promoter and Promoter Group0%4,000
Jesingbhai Badarmal ParikhShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Shrikant J ParikhCMD & Executive Director2025
Subham Chand JainIndependent Non Exe. Director2025
Ajay Jormal MehtaIndependent Non Exe. Director2025
DIVYANSHU NAVLAKHANon-Exec & Non-Independent Dir2025
Disha Hiteshkumar RathodIndependent Non Exe. Director2025
Segments — Product
SegmentRevenueShare
Engineering Division₹0 Cr11.5%
Jewellery Division₹0 Cr88.5%
Others₹0 Cr0%
Segments — Geography
RegionRevenueShare
India₹1 Cr100%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹2633838
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-13Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025200002
2025200002
2025000000
Substantial Acquisitions (SAST)

9 disclosure(s)

Off Market28/03/2024 · 1,80,00,000
Off Market28/03/2024 · 1,80,00,000
Off Market28/03/2024 · 1,80,00,000
Off Market28/03/2024 · 1,80,00,000
Market22/02/2024 · 63,055
Market05/12/2023 · 1,15,263
Company Information
Incorporated1988
ChairmanShrikant J Parikh
AuditorR H Modi & Co
Investor Email[email protected]
🌐 www.minalindustrieslimited.in ↗

📍 Plot No 16(P) 17-28 & 29(P), Seepz MIDC Andheri (E), Mumbai, Maharashtra, 400096

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