Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Minal Industries's Debt-to-EBITDA or its related term are showing as below:
NSE:MINALIND'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -234 Med: -0.7 Max: 6.42
Current: 6.42
During the past 13 years, the highest Debt-to-EBITDA Ratio of Minal Industries was 6.42. The lowest was -234.00. And the median was -0.70.
NSE:MINALIND's Debt-to-EBITDA is ranked worse than 84.62% of 910
companies
in the Retail - Cyclical industry
Industry Median: 2.27
vs NSE:MINALIND: 6.42
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Minal Industries Debt-to-EBITDA Related Terms
Minal Industries Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Minal Industries's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Luxury Goods subindustry, Minal Industries's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Minal Industries Debt-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Minal Industries's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Minal Industries's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Minal Industries (NSE:MINALIND) has a Debt-to-EBITDA of 0.76 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Minal Industries. According to the industry distribution chart, Minal Industries ranks #770 out of 910 companies in the Retail - Cyclical industry, placing it in the top 84.6%.
Is Minal Industries' Debt-to-EBITDA too high?
Minal Industries' current Debt-to-EBITDA is 0.76. The Retail - Cyclical industry median Debt-to-EBITDA is 2.27. Minal Industries' value of 0.76 is 66.5% below this industry median. Based on the distribution chart, Minal Industries ranks #770 out of 910 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Minal Industries has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Minal Industries' Debt-to-EBITDA compare to ?
According to the Retail - Cyclical industry distribution chart, Minal Industries ranks #770 out of 910 companies for Debt-to-EBITDA. This places Minal Industries in the lower half of its industry. The industry median Debt-to-EBITDA is 2.27. Minal Industries' value of 0.76 is 66.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.27, based on 910 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Minal Industries's current Debt-to-EBITDA of 0.76 is 66.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Minal Industries. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minal Industries's current Debt-to-EBITDA is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minal Industries stock overvalued right now?
Based on GuruFocus' analysis, Minal Industries (NSE:MINALIND) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹4.06, compared to a current price of ₹2.65 — trading 34.7% below its estimated fair value. The current Debt-to-EBITDA is 0.76 and 66.5% below the Retail - Cyclical industry median of 2.27. Minal Industries' overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Minal Industries (NSE:MINALIND), the current Debt-to-EBITDA is 0.76 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Minal Industries (NSE:MINALIND) Overvalued in 2026?
Based on GuruFocus' analysis, Minal Industries stock appears to be undervalued.
The current stock price of ₹2.65 is trading 34.7% below its estimated GF Value™ of ₹4.06.
GuruFocus considers Minal Industries to be Significantly Undervalued.
Key valuation signals for NSE:MINALIND:
Debt-to-EBITDA: 0.76
GF Value™: ₹4.06 vs. price of ₹2.65 (34.7% below fair value)
Industry Position: 66.5% below the Retail - Cyclical median (#770 of 910)
No single metric tells the full story. See the NSE:MINALIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Minal Industries Ltd is a diamantaire, jewelry, and engineering company. The company is engaged in the business of manufacturing and selling gold jewelry, diamond-studded jewelry, and silver articles. Geographically, it derives a majority of its revenue from India. The company has one reportable segment, which is Manufacturing and Trading of Gems and Jewelry.
50GF Score
Get the complete analysis for NSE:MINALIND
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:MINALIND has been successfully added to your 
