Low PE & high ROE multibagger stock at Rs 108.27, hit upper circuits & 52-week high: Company enters into a strategic business arrangement with AV PALACE DMCC, Dubai
The stock gave multibagger returns of 500 per cent in just 1 year and a whopping 2,627 per cent in 5 years.
On Wednesday, shares of Mini Diamonds (India) Ltd were locked in a 2 per cent upper circuit to Rs 108.27 per share from its previous closing of Rs 92.43. The stock also made a 52-week high is Rs 108.27 while its 52-week low is Rs 17. The company has a market cap of Rs 38.64 crore.
Mini Diamonds (India) Limited (MDIL) is excited to announce a strategic partnership with A V PALACE DMCC, a renowned diamond and jewellery company based in Dubai. This collaboration will significantly expand MDIL's lab-grown diamond jewellery market reach to Dubai and neighbouring regions. A V PALACE DMCC, with its extensive experience and strong reputation, will be instrumental in distributing MDIL's exquisite jewellery collections through various channels.
A V PALACE DMCC will employ both Business-to-Business (B2B) and Business-to-Consumer (B2C) strategies to distribute MDIL's jewellery. In the B2B sector, they will engage with wholesalers, retailers, and other businesses, offering them exclusive access to MDIL's lab-grown diamond jewellery. For B2C, AV PALACE DMCC will directly cater to individual consumers, providing personalized customer service and ensuring the authenticity of each piece sold. This collaboration will enhance MDIL's brand presence in the Middle Eastern market and ensure wider availability of their products.
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About the Company
Mini Diamonds, a diamond industry leader since 1987, boasts a remarkable journey. Initially focused on import and export, they've become renowned for their exquisite cut and polished diamonds and beautiful jewellery. Their success hinges on a strategically located Mumbai facility equipped with cutting-edge technology for every stage of diamond processing, from precision analysis to meticulous cutting.
Revenue from operations for the period surged by 266.5 compared to Q1FY24, escalating from Rs 2.43 crore to Rs 89.13 crore in Q1FY25. EBITDA followed suit, skyrocketing by 578.33 per cent from Rs 0.34 crore to Rs 1.97 crore. This stellar performance is further accentuated by a remarkable 1272.55 per cent growth in PBT/PAT, jumping from Rs 0.14 crore to Rs 1.84 crore. These exceptional results translate to an estimated annualized quarterly EPS of Rs 20.60.
The shares of the company have a PE of 8.5x and an ROE of 30 per cent. The stock gave multibagger returns of 500 per cent in just 1 year and a whopping 2,627 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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