Penny stock jumps 12% after receiving ₹16.65 Cr order from Hong Kong’s Jewellery Trendz Ltd

Synopsis: Mini Diamonds jumped about 12% as the firm received an export order worth USD 1.85 million, or Rs 16.65 crore, from Jewellery Trendz Ltd, Hong Kong, for lab-grown polished diamonds, improving near-term revenue visibility and highlighting rising overseas demand.

The shares of this company, which is engaged in the import and export business of diamonds with emphasis on cut and polished diamonds and jewellery manufacturing and operates a technology-driven manufacturing facility in Mumbai with advanced machinery for diamond processing, had its shares in momentum today following the order it bagged from Hong Kong’s Jewellery Trendz Ltd.

With the market cap of Rs 302 crore, the shares of Mini Diamonds (India) Ltd had hit their intraday high at Rs 26.9, gaining about 12 per cent compared to their previous day’s closing price of Rs 24.10. The shares are trading at a PE of 72, whereas their industry PE is at 27. The shares have given a return of more than 5,000% over the last 5 years. 

About the Order

Mini Diamonds India Ltd has bagged an order worth 1.85 million USD, which is approximately Rs 16.65 crores, for exporting lab-grown polished diamonds to Jewellery Trendz Ltd, based in Hong Kong, thereby marking its further strengthening presence in overseas markets. This disclosure made under Regulation 30 is a further addition to its list of exported orders, especially from the important geography of Hong Kong, which is a core focus area for MDIL in its exports business.

From the point of view of execution, the agreement contains timelines that must be followed, including completion of the work in a period of three months and payment in 150 days after the completion of the order. Such are defined terms which offer short-term revenue visibility and reflect the ability of the enterprise to convert repeated enquiries into executable business. Management commentary also suggests a focus on the importance of quality and delivery schedules, which are also quite essential for the sustenance of a long-term business in the export sector.

Also read: Microcap stock jumps 15% after receiving order from Ministry of Defence for Machine pistols

Strategic impact

Strategically speaking, this export victory bolsters Mini Diamonds’ efforts at developing a strong and sustainable order book in the international lab-grown diamonds market. By virtue of developing a strong order book in targeted international markets and being better prepared for fulfilling export orders, the corporation is positioning itself for even larger export obligations.

Going forward, the cumulative effect of the export performance may help the corporation gain scale, in addition to developing a strong order book in the international lab-grown diamonds market.

Financials and more

The revenue from operations for the company stands at Rs 149.46 crores in Q2 FY26 compared to Q1 FY26 revenue of Rs 100.5 crores, up by about 49 per cent QoQ. Similarly, the net profit stood at Rs 2.62 crore in Q2 FY26, up from Rs 1.78 crore in Q1 FY26.

Mini Diamonds (India) Limited was incorporated in 1987. The company is involved in diamond import & export activity along with other business lines like cut & polished diamonds, jewellery manufacturing & lab-grown diamond products.

The company has a technology-based manufacturing facility in Mumbai, which is equipped with state-of-the-art diamond processing & jewellery manufacturing equipment to facilitate various processes like rough diamond to jewellery manufacture. This hybrid model based on traditional expertise & technology along with B2B & B2C is used to deliver to domestic as well as overseas markets.

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