Penny stock hits 20% upper circuit after receiving ₹13.5 Cr order from Hong Kong

Synopsis: Mini Diamonds (India) Limited (MDIL) jumps 12% upon receiving an additional USD 1.5 million export order from its Hong Kong client for in-house developed lab-grown diamonds, boosting its unique design offerings.:

The shares of a Penny stock company, specializing in the manufacturing, import, export, and trading of natural and lab-grown diamonds and jewelry, jumped upto 12 percent upon receiving an export order worth Rs. 13.5 Crores from a Hong Kong-based client.

With a market capitalization of Rs. 341.16 crores on Tuesday, the shares of Mini Diamonds India Ltd jumped by upto 11.5 percent, making a high of Rs. 31.00 per share compared to its previous closing price of Rs. 27.80 per share.

What Happened 

Mini Diamonds (India) Limited (MDIL) has received an additional export order worth USD 1.50 million (around Rs. 13.5 crore) from its Hong Kong-based client for specially cut and shaped lab-grown polished diamonds developed in-house. 

The company is already executing earlier orders for this client on schedule, and by offering unique diamond shapes beyond standard rounds, MDIL aims to give overseas customers more design options, strengthen its market presence, and boost demand for its lab-grown diamonds over the medium term.

Shri Upendra N. Shah, Chairman and Managing Director, Mini Diamonds (India) Limited, stated: “The repeat order from our Hong Kong customer for special-cut lab-grown diamonds reflects their confidence in our consistent quality and in-house R&D capabilities. Earlier orders are progressing on schedule, and expanding beyond round shapes offers greater flexibility for our overseas partners and strengthens the visibility of our lab-grown diamond portfolio in export markets.”

Financial & Others

The company’s revenue rose by 48.5 percent from Rs. 100.58 crore in June 2025 to Rs. 149.46 crore in September 2025. Meanwhile, Net profit rose from Rs. 1.78 crores to  Rs. 2.62 crores during the same period.

The company has improved its financial health: its return on capital employed (ROCE) is a strong 15.8% and return on equity (ROE) is 12.2%. Debt levels are very low with a debt-to-equity ratio of just 0.04, indicating reduced reliance on borrowing. Additionally, operational efficiency has improved, as debtor days have decreased from 178 to 139, meaning the company is collecting receivables faster.

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 

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