1:5 stock split: Mini Diamonds (India) Ltd bags order worth Rs 13,35,00,000 from Diasqua International Ltd
DSIJ Intelligence-1 / 15 Oct 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 660 per cent in just 2 years and a whopping 7,000 per cent in 5 years.
Mini Diamonds (India) Limited (MDIL) has secured a significant export order valued at USD 1.5 million (Rs 13,35,00,000) from Diasqua International Limited, a Hong Kong-based company. This order is for the supply of lab-grown polished diamonds and was received on October 14, 2025. This development aligns with MDIL's strategy to boost its export revenues and reinforce its position in global markets, capitalising on the rising international demand for lab-grown diamonds.
The terms of the contract specify that the export of the lab-grown diamonds must be completed within three months from the date of the order. Payment for the order is stipulated to be made within 150 days following the completion of the export. This substantial order is poised to materially contribute to MDIL's revenues in the lab-grown diamond segment over the next few quarters, highlighting the company's execution capabilities.
Furthermore, the company's board has approved a stock split to subdivide its equity shares. This will change the face value of each share from Rs 10 to Re 2. As a result, every one existing share will be split into five new shares. The move is subject to shareholder approval via a postal ballot, and a record date will be set after that approval is obtained.
About the Company
Mini Diamonds, a public limited company established in 1987, has a strong track record in the diamond import and export business. With its state-of-the-art manufacturing facility in Mumbai equipped with advanced technology, Mini Diamonds excels in cutting and polishing diamonds, ensuring precision and quality at every stage. The company also manufactures exquisite lab-grown diamond jewellery, catering to both domestic and international markets through B2B and B2C channels. Mini Diamonds' commitment to innovation, craftsmanship, and strategic marketing positions it as a leader in the lab-grown diamond industry, offering exceptional value and beauty to customers worldwide.
The company has a market cap of over Rs 340 crore and debtor days have improved from 186 to 139 days. The shares of the company have a PE of 130x and an ROE of 10 per cent. The stock gave multibagger returns of 660 per cent in just 2 years and a whopping 7,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.