Low PE & high ROE multibagger stock at Rs 94.27, hit back-to-back upper circuits; Company opening its first ever retail designer lab-grown diamond jewellery store!
The stock gave multibagger returns of 382 per cent in just 1 year and a whopping 2,275 per cent in 5 years.
On Friday, shares of Mini Diamonds (India) Ltd were locked in a 2 per cent upper circuit to Rs 94.27 per share from its previous closing of Rs 92.43. The stock’s 52-week high is Rs 102.90 and its 52-week low is Rs 17. The company has a market cap of Rs 33.65 crore.
Mini Diamonds (India) Limited has reached a pivotal juncture in its history with the inauguration of its inaugural retail designer lab-grown diamond jewellery store under the banner of its wholly-owned subsidiary, Namra Jewels Private Limited. Strategically located at the prestigious Atria Mall in South Mumbai, this milestone marks a significant departure from the company’s traditional B2B operations since its establishment in 1981. By venturing into the B2C segment, Mini Diamonds aims to directly connect with consumers, offering them access to its exquisite, eco-friendly, and affordable lab-grown diamond jewellery.
The company’s foray into retail comes at a time when lab-grown diamonds are gaining substantial traction in the market. Positioned as a superior alternative to natural diamonds in terms of sustainability, cost-effectiveness, and ethical considerations, lab-grown diamonds are poised to revolutionize the jewellery industry. Mini Diamonds recognizes the immense potential of this emerging market and aspires to become a dominant player by expanding its retail footprint to include hundreds of stores and kiosks worldwide. The company's strategic partnership with Ark Diamonds USA is a testament to its global ambitions, with the United States identified as a key market for growth.
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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 382 per cent in just 1 year and a whopping 2,275 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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