Synopsis:
Mini Diamonds India Ltd (MDIL) secured a USD 1.5 million export order to supply lab-grown diamonds to Diasqua International, Hong Kong. The order, to be fulfilled in three months, supports MDIL’s global expansion strategy.
The shares of a Micro-Cap company, specializing in the manufacturing, import, export, and trading of natural and lab-grown diamonds and jewelry, jumped upto 3 percent upon receiving an export order worth USD 1.5 million from a prominent client in Hong Kong.
With a market capitalization of Rs. 341.16 crores on Wednesday, the shares of Mini Diamonds India Ltd jumped by upto 2.5 percent, making a high of Rs. 145.85 per share compared to its previous closing price of Rs. 142.30 per share.
What Happened
Mini Diamonds India Ltd, engaged in the manufacturing, import, export, and trading of natural and lab-grown diamonds and jewellery, has received an export order worth USD 1.5 million (approximately Rs. 13.35 crore).
The order is for supplying lab-grown polished diamonds to Diasqua International Limited, a Hong Kong-based company. The order, expected to be completed within three months, is part of MDIL’s strategy to expand its international market presence.
The payment for the order is to be made within 150 days after completion. This order is significant as it highlights the growing global demand for lab-grown diamonds and MDIL’s ability to scale up production.
Shri Upendra Narottamdas Shah, Chairman and Managing Director, Mini Diamonds (India) Limited, said: “We continue to witness strong momentum and growing acceptance of lab-grown diamonds in international markets. The Hong Kong order reflects the faith our overseas clients place in the reliability and performance of our product portfolio. It advances our larger plan to scale export-led growth while thoughtfully diversifying our clientele across regions. We remain dedicated to upgrading production capabilities, adhering to world-class certification standards, and building long-term, collaborative partnerships with key customers around the globe.”
Financial & Others
The company’s revenue rose by 12.71 percent from Rs. 89.13 crore to Rs. 100.46 crore in Q1FY25-26. Meanwhile, Net profit declined from Rs. 1.84 crores to Rs. 1.82 crores during the same period.
The company has shown strong financial performance with a Return on Capital Employed (ROCE) of 16.2 percent and a low debt-to-equity ratio of 0.04. Additionally, debtor days have improved from 186 to 139, indicating better collection efficiency. The Price-to-Earnings Growth (PEG) ratio stands at 0.56, suggesting that the stock is relatively undervalued compared to its growth rate.
Mini Diamonds (India) Limited (“MDIL”) is a public limited company listed on BSE Limited, established in the year 1987 with a clear intention to cater diamond import and export business, with its clear track record. Today, Mini Diamonds is an internationally well-known company for its cut and polished diamonds and jewellery manufacturing.
MDIL has established a sophisticated manufacturing facility in Mumbai, strategically equipped with cutting-edge technology and state-of-the-art machinery tailored specifically for processing rough diamonds. Within this facility, every facet of the diamond cutting and polishing process is meticulously handled using modern equipment, including Sarin Technology, Auto Bruiting Machines, Semi-Automatic Polishing Mills, and Sawing Machines, among others.
Moreover, MDIL doesn’t limit its expertise solely to diamond processing. The Mumbai facility also serves as a hub for jewellery manufacturing, where professional artisans harness the cutting-edge machinery Available on-site. By integrating their expertise in diamond processing with jewellery manufacturing, MDIL creates a seamless synergy, resulting in exquisite, meticulously crafted pieces that embody both luxury and elegance.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Microcap stock jumps 3% after receiving order for lab-grown diamonds from Hong Kong client appeared first on Trade Brains.