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Minal Industries Limited
Since 1988, Minal Industries Limited has maintained a presence in the industry for 38 years. It is registered under CIN L32201MH1988PLC216905 and registration number 216905. It falls under the category of company limited by shares. Its authorized capital has been set at ₹63.00 crore. Its paid up capital is ₹38.38 crore.
The company’s main operations are related to manufacture of radio; television and communication equipment and apparatus. It operates under Mumbai’s corporate registry. The registered address is listed as 603- L Minal Co-op Hsg So Ltd, Off Sakivihar Road, Andheri-east, Mumbai City, Mumbai, Maharashtra, India, 400072. The company maintains an active registration. Its PAN is registered as AABCM3102D. The company’s official contact email is minal_vjp@rediffmail.co.in. At the helm are Bhupender (CFO) and Harshala Keshav Karangutkar (CFO).
Company Overview
- CIN
- Date of Incorporation
- 11/01/1988
- Company Status
- Active
- RoC
- Mumbai
- Registration Number
- Balance sheet date
- 31/03/2025
- Company Category
- Company limited by shares
- Company Sub Category
- Non-government company
- Listed in Stock Exchange
- Yes
- Class of Company
- Public Limited Company
- LEI Number
- Authorized Capital
- ₹63,00,00,000.00
- Paid up Capital
- ₹38,38,01,300.00
- Activity
- Manufacture Of Radio; Television And Communication Equipment And Apparatus
- minal_vjp@rediffmail.co.in
- PAN
GST Numbers
| State | GST Number | Status |
|---|---|---|
| Gujarat | 24AABCM3102D1ZC | Inactive |
| 24AABCM3102D2ZB | Inactive | |
| Maharashtra | 27AABCM3102D1Z6 | Active |
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| IN8097E01019 | MINAL INDUSTRIES LIMITED EQ LISTING/TRADING APPROVAL AWAITED | - | 12/10/2026 | MINAL IND/SH VTG | ESVUFN |
| INE097E01028 | MINAL INDUSTRIES LIMITED EQ NEW RS. 2/- | - | 12/10/2026 | MINAL IND/SH VTG | ESVUFN |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Net PPE | ₹345.97L | ₹361.62L | ₹367.38L | ₹416.54L | ₹0.00L |
| Net Debt | ₹88.92L | ₹664.36L | ₹1,216.66L | ₹1,045.21L | ₹0.00L |
| Gross PPE | ₹345.97L | ₹361.62L | ₹1,984.86L | ₹1,982.73L | ₹0.00L |
| Inventory | ₹5,662.80L | ₹5,137.72L | ₹6,545.81L | ₹6,243.26L | ₹0.00L |
| Total Debt | ₹631.63L | ₹823.90L | ₹1,324.47L | ₹1,182.37L | ₹0.00L |
| Common Stock | ₹3,838.01L | ₹3,838.01L | ₹3,838.01L | ₹3,838.01L | ₹0.00L |
| Current Debt | ₹41.50L | ₹41.50L | ₹214.91L | ₹1,091.62L | ₹0.00L |
| Share Issued | ₹1,919.01L | ₹1,919.01L | ₹1,919.01L | ₹1,919.01L | ₹0.00L |
| Total Assets | ₹8,773.07L | ₹8,515.59L | ₹9,114.75L | ₹8,427.79L | ₹0.00L |
| Capital Stock | ₹3,838.01L | ₹3,838.01L | ₹3,838.01L | ₹3,838.01L | ₹0.00L |
| Long Term Debt | ₹527.22L | ₹706.72L | ₹1,029.22L | ₹0.00L | ₹0.00L |
| Current Assets | ₹8,119.42L | ₹7,851.16L | ₹8,413.38L | ₹7,584.25L | ₹0.00L |
| Working Capital | ₹6,410.52L | ₹6,516.64L | ₹6,538.61L | ₹5,459.32L | ₹0.00L |
| Invested Capital | ₹5,888.74L | ₹6,071.84L | ₹6,587.14L | ₹6,568.82L | ₹0.00L |
| Other Properties | ₹345.97L | ₹361.62L | ₹52.96L | ₹52.96L | ₹0.00L |
| Common Stock Equity | ₹5,320.02L | ₹5,323.63L | ₹5,343.01L | ₹5,477.20L | ₹0.00L |
| Net Tangible Assets | ₹5,303.77L | ₹5,308.12L | ₹5,324.58L | ₹5,474.39L | ₹0.00L |
| Tangible Book Value | ₹5,303.77L | ₹5,308.12L | ₹5,324.58L | ₹5,474.39L | ₹0.00L |
| Current Liabilities | ₹1,708.90L | ₹1,334.52L | ₹1,874.77L | ₹2,124.93L | ₹0.00L |
| Long Term Provisions | ₹54.96L | ₹55.32L | ₹34.46L | ₹65.57L | ₹0.00L |
| Stockholders Equity | ₹5,320.02L | ₹5,323.62L | ₹5,343.01L | ₹5,477.20L | ₹0.00L |
| Other Equity Interest | ₹1,482.01L | ₹1,485.61L | ₹0.02L | ₹0.03L | ₹0.00L |
| Total Capitalization | ₹5,847.24L | ₹6,030.34L | ₹6,372.23L | ₹5,477.20L | ₹0.00L |
| Ordinary Shares Number | ₹1,919.01L | ₹1,919.01L | ₹1,919.01L | ₹1,919.01L | ₹0.00L |
| Other Intangible Assets | ₹16.25L | ₹15.50L | ₹18.43L | ₹2.81L | ₹0.00L |
| Other Non Current Assets | ₹18.48L | ₹14.82L | -₹0.02L | -₹0.01L | ₹0.00L |
| Total Non Current Assets | ₹653.66L | ₹664.43L | ₹701.37L | ₹843.54L | ₹0.00L |
| Cash And Cash Equivalents | ₹479.80L | ₹83.86L | ₹27.47L | ₹46.41L | ₹0.00L |
| Other Short Term Investments | ₹200.44L | ₹4.20L | ₹9.57L | ₹176.73L | ₹0.00L |
| Other Non Current Liabilities | -₹0.02L | ₹0.00L | ₹0.00L | -₹0.01L | ₹0.02L |
| Goodwill And Other Intangible Assets | ₹16.25L | ₹15.50L | ₹18.43L | ₹2.81L | ₹0.00L |
| Total Equity Gross Minority Interest | ₹6,414.91L | ₹6,341.63L | ₹6,094.89L | ₹6,141.86L | ₹0.00L |
| Total Liabilities Net Minority Interest | ₹2,358.16L | ₹2,173.95L | ₹3,019.86L | ₹2,285.93L | ₹0.00L |
| Current Debt And Capital Lease Obligation | ₹56.88L | ₹56.88L | ₹230.29L | ₹1,091.62L | ₹0.00L |
| Long Term Debt And Capital Lease Obligation | ₹574.75L | ₹767.02L | ₹1,094.18L | ₹90.75L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹680.24L | ₹88.06L | ₹27.47L | ₹46.41L | ₹0.00L |
| Total Non Current Liabilities Net Minority Interest | ₹649.26L | ₹839.43L | ₹1,145.09L | ₹161.00L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Free Cash Flow | ₹701.34L | ₹356.69L | -₹123.90L | -₹282.26L | ₹0.00L |
| Changes In Cash | ₹395.94L | ₹56.39L | -₹18.93L | -₹14.48L | ₹0.00L |
| End Cash Position | ₹479.80L | ₹83.86L | ₹27.48L | ₹46.41L | ₹0.00L |
| Financing Cash Flow | -₹196.81L | -₹357.81L | ₹15.18L | ₹100.40L | ₹0.00L |
| Investing Cash Flow | -₹149.24L | ₹11.46L | ₹70.67L | ₹129.88L | ₹0.00L |
| Operating Cash Flow | ₹741.99L | ₹402.74L | -₹104.78L | -₹244.76L | ₹0.00L |
| Capital Expenditure | -₹40.65L | -₹46.04L | -₹19.12L | -₹37.50L | ₹0.00L |
| Beginning Cash Position | ₹83.86L | ₹27.48L | ₹46.41L | ₹61.90L | ₹0.00L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| EBIT | ₹101.15L | ₹435.77L | -₹163.32L | ₹141.02L | ₹0.00L |
| EBITDA | ₹156.71L | ₹490.47L | -₹110.65L | ₹209.20L | ₹0.00L |
| Basic EPS | -₹0.00L | ₹0.00L | -₹0.00L | ₹0.00L | ₹0.00L |
| Net Income | -₹10.27L | ₹151.35L | -₹282.63L | ₹31.40L | ₹0.00L |
| Diluted EPS | -₹0.00L | ₹0.00L | -₹0.00L | ₹0.00L | ₹0.00L |
| Gross Profit | ₹1,497.78L | ₹1,728.15L | ₹1,523.99L | ₹1,189.45L | ₹0.00L |
| Pretax Income | ₹96.61L | ₹418.32L | -₹168.55L | -₹29.08L | ₹0.00L |
| Tax Provision | ₹36.78L | -₹2.69L | ₹39.33L | ₹1.73L | ₹0.00L |
| Total Revenue | ₹4,283.37L | ₹5,111.76L | ₹3,784.68L | ₹2,679.76L | ₹0.00L |
| Cost Of Revenue | ₹2,785.59L | ₹3,383.61L | ₹2,260.69L | ₹1,490.31L | ₹0.00L |
| Total Expenses | ₹4,411.53L | ₹4,779.95L | ₹4,135.87L | ₹2,772.18L | ₹0.00L |
| Interest Expense | ₹4.54L | ₹17.45L | ₹5.22L | ₹170.10L | ₹0.00L |
| Operating Income | -₹128.16L | ₹331.81L | -₹351.19L | -₹92.42L | ₹0.00L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | ₹156.71L | ₹490.47L | -₹207.42L | ₹209.20L | ₹0.00L |
| Normalized Income | -₹10.27L | ₹151.35L | -₹350.37L | ₹31.40L | ₹0.00L |
| Operating Expense | ₹1,625.94L | ₹1,396.34L | ₹1,875.18L | ₹1,281.87L | ₹0.00L |
| Operating Revenue | ₹4,283.37L | ₹5,111.76L | ₹3,784.68L | ₹2,679.76L | ₹0.00L |
| Net Interest Income | -₹4.54L | -₹17.45L | -₹3.21L | ₹46.36L | ₹0.00L |
| Basic Average Shares | ₹1,919.01L | ₹1,919.01L | ₹1,919.01L | ₹1,919.01L | ₹0.00L |
| Diluted Average Shares | ₹1,919.01L | ₹1,919.01L | ₹1,919.01L | ₹1,919.01L | ₹0.00L |
| Other Operating Expenses | ₹1,093.02L | ₹971.77L | ₹738.19L | ₹308.86L | ₹0.00L |
| Reconciled Depreciation | ₹55.56L | ₹54.70L | ₹52.67L | ₹68.18L | ₹0.00L |
| Reconciled Cost Of Revenue | ₹2,785.59L | ₹3,383.61L | ₹2,260.69L | ₹1,490.31L | ₹0.00L |
| Tax Effect Of Unusual Items | ₹0.00L | ₹0.00L | ₹29.03L | ₹0.00L | ₹0.00L |
| Interest Expense Non Operating | ₹4.54L | ₹17.45L | ₹5.22L | ₹170.10L | ₹0.00L |
| Net Income Common Stockholders | -₹10.27L | ₹151.35L | -₹282.63L | ₹31.40L | ₹0.00L |
| Net Income Continuous Operations | ₹59.82L | ₹421.01L | -₹207.88L | -₹30.81L | ₹0.00L |
| Diluted NIAvailto Com Stockholders | -₹10.27L | ₹151.35L | -₹282.63L | ₹31.40L | ₹0.00L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Non Operating Interest Income Expense | -₹4.54L | -₹17.45L | -₹3.21L | ₹46.36L | ₹0.00L |
| Net Income Including Noncontrolling Interests | ₹59.82L | ₹421.01L | -₹207.88L | -₹30.81L | ₹0.00L |
| Net Income From Continuing And Discontinued Operation | -₹10.27L | ₹151.35L | -₹282.63L | ₹31.40L | ₹0.00L |
| Net Income From Continuing Operation Net Minority Interest | -₹10.27L | ₹151.35L | -₹282.63L | ₹31.40L | ₹0.00L |
Company Performance (FY23–FY26)
₹51.1 Cr₹38.3 Cr₹25.6 Cr₹12.8 Cr₹0
FY23FY24FY25FY26
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 11/01/1988 | Shrikant Jesinglal Parikh | 00112642 | Managing Director | View other directorships |
| 03/05/2018 | Bhupender | *****1632K | CFO | |
| 19/06/2021 | Piyush Harish Talyani | *****2370D | Company Secretary | |
| 26/08/2023 | Subham Chand Jain | 10293473 | Director | View other directorships |
| 30/06/2024 | Ajay Jormal Mehta | 01280973 | Director | View other directorships |
| 04/03/2025 | Divyanshu Navlakha | 01162140 | Director | View other directorships |
| 30/05/2025 | Disha Hiteshkumar Rathod | 10679515 | Director | View other directorships |
Business Network
CompanyDirectorNot on WeeDooBoard seatKey rolePast seatOwnership
Directors 7
- Shrikant Jesinglal ParikhManaging Director
- Disha Hiteshkumar RathodDirector
- Divyanshu NavlakhaDirector
- Ajay Jormal MehtaDirector
- Subham Chand JainDirector
- Piyush Harish TalyaniCompany Secretary
- BhupenderCFO
Latest Documents
Category:
| Date | Title | Size |
|---|---|---|
| 06/12/2024 | Form MGT-7-06122024_signed | - |
| 06/12/2024 | Form AOC-4(XBRL)-06122024_signed | - |
| 15/01/2024 | Form MGT-7-15012024_signed | - |
Charges
| SRN | Date | Amount | Holder |
|---|---|---|---|
| Y10181297 | 15/10/1992 | ₹1,25,000.00 | Corporation Bank |
| Y10181177 | 21/06/1988 | ₹14,65,000.00 | Gujrat State Financial Corporation |
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Address
603- L Minal Co-op Hsg So Ltd, Off Sakivihar Road, Andheri-east, Mumbai City, Mumbai, Maharashtra, India, 400072
Frequently Asked Questions
What is the incorporation date of Minal Industries Limited?
The incorporation date of Minal Industries Limited is 11/01/1988.
What is the authorized share capital and paid-up capital of Minal Industries Limited?
The authorized share capital of Minal Industries Limited is ₹63,00,00,000.00. The paid-up capital is ₹38,38,01,300.00.
Who are the current board members & directors of Minal Industries Limited?
The current board member of Minal Industries Limited are:
- Shrikant Jesinglal Parikh
- Bhupender
- Piyush Harish Talyani
- Disha Hiteshkumar Rathod
- Divyanshu Navlakha
- Ajay Jormal Mehta
- Subham Chand Jain
What is the registered address of Minal Industries Limited?
The registered address of Minal Industries Limited is 603- L Minal Co-op Hsg So Ltd, Off Sakivihar Road, Andheri-east, Mumbai City, Mumbai, Maharashtra, India, 400072.
What is the Corporate Identification Number of Minal Industries Limited?
The Corporate Identification Number of Minal Industries Limited is L32201MH1988PLC216905.