Penny stock jumps 15% after partnering with Pyramid Gold Auxiliary Services LLP

Synopsis: Penny stock jumped by more than 15 percent, as the company started to handle marketing and business development for another firm in return for receiving a share in the revenue.

A penny cap jewellery stock was in the spotlight after the company announced a strategic business arrangement of managing marketing and business development of a firm in return for a proportional share in the revenue. This has allowed the company to expand into high-value services and leverage new market opportunities

With a market cap of Rs 418 Cr Mini Diamonds (India) Ltd saw its stock hit an intraday high of Rs 38.45, that is 15.29 percent higher than the previous close of Rs 33.35.

What’s the News?

Mini Diamonds (India) Ltd (MDIL) has strengthened its jewellery sector presence by partnering with Pyramid Gold Auxiliary Services LLP. MDIL will get a share of revenue while offering hallmarking, assaying, touch testing, and other ancillary services to existing and prospective customers. This expands MDIL into high value services, advances full jewellery value chain integration, boosts quality control and enhances margins. All of these signals strong operational efficiency and long-term growth prospects for MDIL.

Previously MDIL was in the news with its international wins, as the company secured two major export orders for its lab grown diamonds. MDIL received a Rs 13.5 Cr order from a prominent Hong Kong client for exclusive special cut lab grown polished diamonds, followed by a Rs 18 Cr order from a leading Singapore based customer for cut and polished lab grown diamonds. These back to back deals highlight MDIL’s growing global demand and strengthening export presence.

Financial Overview

At the end of the latest quarter, MDIL reported a 43 percent YoY revenue growth, rising from Rs 103.99 Cr in Q2FY25 to Rs 149.44 Cr in Q2FY26, while the QoQ revenue surged by 48.7 percent from Rs 100.46 Cr in Q1FY26. 

The Net profit saw a 35 percent YoY growth, going from Rs 2.05 Cr in Q2FY25 to Rs 2.78 Cr in Q2FY26, while the QoQ growth surged by 52 percent from Rs 1.82 Cr in Q1FY26. 

The company has a 3 year profit CAGR of 178 percent. The stock gave a 5 year compounded return of 127 percent, while the 3 year return stood at 101 percent. Additionally, MDIL has significantly reduced debt over the last three years, making the company almost debt-free.

Mini Diamonds (India) Ltd. was incorporated in 1987 and is headquartered in Mumbai. It is a leading player in the global gems and jewelry industry. The company has built a niche in manufacturing, importing, exporting, and trades in both natural as well as lab grown diamonds, along with finely crafted diamond jewelry. With decades of expertise and a growing international footprint, the company continues to strengthen its position as a trusted supplier of high-quality diamonds across major global markets.

–Adithya Menon

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