Minal Industries quarterly results and financials

Minal Industries (BSE 522235)₹4.69−1.88%(25 Sept 2026 close)Trading & Distributors

Key facts

In the Jun 2026 quarter (consolidated), Minal Industries reported sales of ₹13.12 Cr, up 30.5% from Jun 2025, and net profit of ₹2.36 Cr, up 252.2% year on year. For the year to Mar 2026, sales were ₹42.82 Cr and net profit ₹0.59 Cr.

Sales (Jun 2026): ₹13.12 Cr
Net profit (Jun 2026): ₹2.36 Cr
Sales (FY Mar 2026): ₹42.82 Cr
Net profit (FY Mar 2026): ₹0.59 Cr
EPS (Jun 2026): ₹0.04
Borrowings (Mar 2026): ₹6.34 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Minal Industries quarterly results

₹ crore unless stated; each column is a quarter.

Minal Industries Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	4.75	14.82	12.50	12.32	10.76	8.88	19.15	10.05	8.89	8.70	15.17	13.12
Expenses	8.77	7.71	12.06	11.62	10.56	9.81	15.20	9.29	10.07	9.88	14.28	11.06
Operating Profit	−4.05	7.10	0.45	0.69	0.21	−0.96	3.95	0.75	−1.19	−1.19	0.90	2.05
OPM %	−85.3%	47.9%	3.5%	5.5%	1.9%	−10.7%	20.5%	7.4%	−13.3%	−13.6%	5.8%	15.5%
Other Income	0.22	−1.32	−2.13	0.16	0.24	0.88	−0.23	0.19	0.59	0.35	1.20	0.40
Interest	0.24	−0.33	0.04	0.04	0.04	0.05	0.08	0.03	−0.02	0.03	0.02	0.03
Depreciation	0.10	0.21	0.11	0.12	0.13	0.13	0.12	0.13	0.13	0.13	0.13	0.13
Profit before tax	−4.16	5.87	−1.82	0.66	0.25	−0.25	3.51	0.75	−0.72	−0.99	1.92	2.26
Tax %	3.4%	−1.2%	16.9%	41.8%	−11.6%	−96.1%	−0.6%	10.5%	−2.8%	0.0%	15.5%	−4.4%
Exceptional items	0.00	0.00	−3.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	−4.30	5.94	−2.12	0.39	0.28	0.00	3.55	0.67	−0.70	−0.99	1.62	2.36
EPS (Rs)	−0.10	0.14	−0.14	0.01	0.00	0.02	0.04	0.02	−0.01	−0.02	0.01	0.04

Minal Industries profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Minal Industries Profit and loss
	Mar 2015	Mar 2016	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	4.05	0.00	40.28	36.13	14.01	28.25	26.81	37.84	51.11	42.82	45.88
Expenses	7.03	16.50	41.36	45.55	19.39	28.38	27.02	37.03	47.20	43.52	45.29
Operating Profit	−3.01	−16.51	−1.13	−9.47	−5.42	−0.17	−0.26	0.81	3.87	−0.73	0.57
OPM %	−74.3%	−1,65,000.1%	−2.8%	−26.2%	−38.6%	−0.6%	−0.9%	2.1%	7.5%	−1.7%	1.2%
Other Income	0.02	7.52	1.44	3.26	1.29	2.31	2.35	−1.77	1.05	2.30	2.54
Interest	0.03	0.02	0.52	0.47	0.28	0.42	1.71	0.21	0.18	0.06	0.06
Depreciation	0.14	0.06	−0.85	0.77	0.74	0.72	0.67	0.52	0.54	0.55	0.52
Profit before tax	−3.15	−9.04	0.65	−7.44	−5.14	0.99	−0.28	−1.68	4.17	0.95	2.47
Tax %	−1.9%	0.4%	50.0%	−0.5%	−7.2%	33.0%	6.9%	23.0%	−0.7%	38.5%	—
Exceptional items	0.00	0.00	0.00	1.99	0.00	0.00	0.00	−3.99	0.00	0.00	0.00
Net Profit	−3.08	−9.10	0.32	−7.40	−4.77	0.66	−0.30	−2.07	4.22	0.59	2.29
EPS (Rs)	−0.15	−0.46	0.00	−0.26	−0.10	0.01	0.01	−0.14	0.07	0.03	0.02
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Minal Industries balance sheet

₹ crore, at each year end.

Minal Industries Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	38.40	38.49	—	38.45	38.46	38.43	38.47	38.42	38.43	38.39	38.45
Reserves	61.98	54.88	—	21.68	16.84	14.68	15.28	16.37	15.03	14.85	14.82
Borrowings	0.36	0.36	—	20.81	19.05	19.01	9.15	11.85	13.26	8.26	6.34
Other Liabilities	533	8.81	—	22.92	14.83	11.36	9.97	17.74	24.56	23.79	28.35
Total Liabilities	633	103	—	104	89.18	83.48	72.87	84.38	91.28	85.29	87.96
Fixed Assets	1.21	1.14	—	4.46	5.74	5.01	4.47	4.18	3.85	3.76	3.61
CWIP	0.00	0.00	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	20.62	12.17	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	611	89.23	—	99.40	83.44	78.47	68.40	80.20	87.43	81.53	84.35
Inventories	21.94	14.96	0.00	64.78	63.85	59.87	48.89	61.83	64.86	50.83	56.86
Trade receivables	570	56.18	17.05	25.07	14.03	6.02	12.03	9.03	15.05	24.06	17.03
Cash & equivalents	0.00	0.00	0.00	6.01	2.01	1.01	1.01	0.00	0.00	1.01	6.01
Total Assets	633	103	—	104	89.18	83.48	72.87	84.38	91.28	85.29	87.96

Minal Industries cash flow

₹ crore, for each year.

Minal Industries Cash flow
	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	1.97	−3.29	4.89	−17.45	−2.44	−1.04	4.02	7.41
Cash from investing activity	−0.27	0.36	−3.83	28.10	1.31	0.72	0.12	−1.50
Cash from financing activity	0.55	−2.14	−0.12	−11.34	1.01	0.16	−3.59	−1.98
Net cash flow	2.26	−5.09	0.96	−0.78	−0.13	−0.18	0.55	3.95
Capex	0.00	0.11	0.01	0.00	0.37	0.18	0.45	0.40
Free cash flow	1.99	−1.52	4.89	−17.36	−2.84	−1.25	3.58	7.02
CFO / OP %	−182.9%	35.1%	−94.9%	11,125.1%	968.1%	−84.9%	101.1%	−1,025.9%

Minal Industries ratios

Working-capital days and returns, by year.

Minal Industries Ratios
	Mar 2015	Mar 2016	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	51,402	20,44,729	229	137	156	157	125	139	171	142
Inventory days	1,628	714	845	713	2,303	1,117	1,529	1,057	573	742
Days payable	39,431	417	117	17	88	33	203	250	120	210
Cash conversion cycle	13,599	20,45,028	958	834	2,372	1,243	1,452	948	624	675
Working capital days	7,065	29,02,115	563	592	1,225	689	737	628	459	492
ROCE %	−3.1%	−9.4%	—	−10.2%	−6.0%	1.9%	2.0%	3.5%	6.0%	1.4%

Minal Industries: frequently asked questions

What are the latest quarterly results of Minal Industries?

For the Jun 2026 quarter, Minal Industries reported sales of ₹13.12 Cr, up 30.5% year on year and net profit of ₹2.36 Cr, up 252.2% year on year. The operating margin was 15.5%.

What is the annual revenue of Minal Industries?

Minal Industries' sales for the year to Mar 2026 were ₹42.82 Cr; over the last twelve months they were ₹45.88 Cr.

What is the net profit of Minal Industries?

Net profit for the year to Mar 2026 was ₹0.59 Cr, and ₹2.29 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.02.

How much debt does Minal Industries have?

Minal Industries reported borrowings of ₹6.34 Cr at Mar 2026, against cash and equivalents of ₹6.01 Cr.

What is the free cash flow of Minal Industries?

Cash from operations was ₹7.41 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹7.02 Cr.

Loading…