Minal Industries Limited (NSE:MINALIND)

India · Delayed Price · Currency is INR

3.400

-0.030 (-0.87%)

At close: Nov 9, 2026

Minal Industries Financials Overview

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	500.13	428.34	511.18	378.47	267.98	282.36
Revenue Growth	6.46%	-16.21%	35.07%	41.23%	-5.10%	101.64%
Gross Profit	194.26	147.67	171.37	151.07	117.39	120.79
Operating Income	24.13	-2.94	40.28	2.66	-9.24	-8.93
Net Income	5.95	-1.03	15.13	-28.26	3.14	4.08
Earnings Per Share	-	-0.01	0.08	-0.15	0.02	0.02
EPS Growth	-	-	-	-	-23.10%	-

Revenue by Geography

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
India	30.3	7.79	0.3	-
Export	398.03	503.39	378.17	267.98
Total	428.34	511.18	378.47	267.98

Cash & Debt

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Investments	95.9	63.48	8.39	2.75	4.64	6.19
Total Debt	67.34	63.16	82.39	132.45	118.24	91.19
Net Cash (Debt)	28.56	0.32	-74	-129.7	-113.6	-85
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-	0.00	-0.39	-0.68	-0.59	-0.44

Cash Flow & CapEx

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Cash Flow	49.85	74.2	40.27	-10.48	-24.48	-174.71
Capital Expenditures	-8.02	-4.07	-4.6	-1.91	-3.75	-
Free Cash Flow	41.83	70.13	35.67	-12.39	-28.23	-174.71
Free Cash Flow Growth	-56.36%	96.62%	-	-	-	-

Margins

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Gross Margin	38.84%	34.48%	33.52%	39.92%	43.81%	42.78%
Operating Margin	4.82%	-0.69%	7.88%	0.70%	-3.45%	-3.16%
Pretax Margin	7.31%	2.26%	8.18%	-4.45%	-1.12%	3.52%
Profit Margin	1.19%	-0.24%	2.96%	-7.47%	1.17%	1.45%
FCF Margin	8.37%	16.37%	6.98%	-3.27%	-10.53%	-61.88%

Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov '26 Nov 11, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
PE Ratio	112.54	-	42.10	-	-	-
P/FCF Ratio	16.01	5.53	17.86	-	-	-
PS Ratio	1.34	0.91	1.25	2.30	-	-