Midwest Gold Ltd
Incorporated in 1990, Midwest Gold
Ltd processing and trading business
of Granite, Marble and other natural
stone[1]
- Market Cap ₹ 2,242 Cr.
- Current Price ₹ 2,030
- High / Low ₹ 2,735 / 85.6
- Stock P/E
- Book Value ₹ 82.7
- Dividend Yield 0.00 %
- ROCE -2.70 %
- ROE -11.3 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 24.5 times its book value
- Company has low interest coverage ratio.
- Company has high debtors of 187 days.
- Promoter holding has decreased over last 3 years: -8.88%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1.06 | 0.11 | 4.04 | 2.60 | 0.12 | 0.11 | 0.57 | 0.37 | 0.12 | 1.75 | 1.05 | 0.45 | 0.44 | |
1.61 | 0.48 | 4.90 | 3.95 | 0.77 | 0.64 | 1.22 | 1.46 | 1.53 | 6.93 | 2.09 | 3.41 | 3.47 | |
Operating Profit | -0.55 | -0.37 | -0.86 | -1.35 | -0.65 | -0.53 | -0.65 | -1.09 | -1.41 | -5.18 | -1.04 | -2.96 | -3.03 |
OPM % | -51.89% | -336.36% | -21.29% | -51.92% | -541.67% | -481.82% | -114.04% | -294.59% | -1,175.00% | -296.00% | -99.05% | -657.78% | -688.64% |
0.04 | 0.04 | 0.04 | 0.03 | 0.64 | 0.08 | 0.05 | 0.08 | 0.13 | -0.03 | 0.05 | 1.29 | 2.85 | |
Interest | 0.02 | 0.00 | 0.16 | 0.01 | 0.00 | 0.00 | 0.07 | 0.40 | 0.62 | 1.01 | 1.21 | 2.19 | 2.52 |
Depreciation | 0.06 | 0.22 | 0.24 | 0.42 | 0.29 | 0.20 | 0.19 | 0.13 | 0.11 | 0.09 | 0.10 | 0.08 | 0.06 |
Profit before tax | -0.59 | -0.55 | -1.22 | -1.75 | -0.30 | -0.65 | -0.86 | -1.54 | -2.01 | -6.31 | -2.30 | -3.94 | -2.76 |
Tax % | -32.20% | -116.36% | -4.92% | 7.43% | 350.00% | 15.38% | 45.35% | -10.39% | -19.40% | 52.30% | 0.00% | 0.00% | |
-0.41 | 0.09 | -1.16 | -1.88 | -1.34 | -0.75 | -1.25 | -1.38 | -1.62 | -9.61 | -2.30 | -3.94 | -2.76 | |
EPS in Rs | -1.25 | 0.28 | -3.55 | -5.75 | -4.10 | -2.29 | -3.82 | -4.22 | -4.95 | -29.39 | -7.03 | -3.57 | -5.68 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | -5% |
3 Years: | 55% |
TTM: | -45% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -15% |
Stock Price CAGR | |
---|---|
10 Years: | 69% |
5 Years: | 196% |
3 Years: | 294% |
1 Year: | 2318% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | -11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3.27 | 3.27 | 3.27 | 3.27 | 3.27 | 3.27 | 3.27 | 3.27 | 3.27 | 3.27 | 3.27 | 11.05 |
Reserves | -3.35 | -5.11 | -6.27 | -8.14 | -9.49 | -10.24 | -11.49 | -12.87 | -14.49 | -24.09 | -26.41 | 80.35 |
0.00 | 14.62 | 12.11 | 12.11 | 12.11 | 12.11 | 13.66 | 17.84 | 22.13 | 25.12 | 26.78 | 28.76 | |
18.53 | 7.41 | 7.48 | 6.89 | 7.03 | 7.93 | 8.13 | 5.31 | 3.12 | 3.57 | 3.44 | 0.60 | |
Total Liabilities | 18.45 | 20.19 | 16.59 | 14.13 | 12.92 | 13.07 | 13.57 | 13.55 | 14.03 | 7.87 | 7.08 | 120.76 |
5.50 | 3.43 | 3.19 | 2.77 | 2.49 | 2.29 | 2.33 | 2.17 | 2.06 | 2.03 | 1.93 | 1.36 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 39.57 |
12.95 | 16.76 | 13.40 | 11.36 | 10.43 | 10.78 | 11.24 | 11.38 | 11.97 | 5.82 | 5.15 | 79.83 | |
Total Assets | 18.45 | 20.19 | 16.59 | 14.13 | 12.92 | 13.07 | 13.57 | 13.55 | 14.03 | 7.87 | 7.08 | 120.76 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -0.04 | 0.15 | 0.01 | -0.02 | 0.13 | 0.15 | 0.33 | -3.67 | -1.82 | -0.41 | -3.07 | |
0.02 | 0.03 | 0.03 | 0.00 | 0.02 | 0.02 | -0.19 | 0.10 | 0.02 | -0.12 | 0.03 | -44.31 | |
-0.01 | 0.00 | -0.16 | 0.00 | 0.00 | 0.00 | -0.07 | -0.40 | 3.67 | 1.98 | 0.45 | 78.68 | |
Net Cash Flow | -0.04 | -0.01 | 0.01 | 0.01 | 0.00 | 0.15 | -0.11 | 0.03 | 0.01 | 0.05 | 0.07 | 31.30 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 2,021.27 | 19,444.55 | 500.52 | 707.54 | 15,421.25 | 16,823.18 | 3,297.81 | 5,139.59 | 12,075.42 | 70.91 | 139.05 | 186.56 |
Inventory Days | 470.44 | 5,949.50 | 202.65 | 78.46 | 1,251.43 | 3,285.00 | 11,619.17 | 989.92 | 3,345.83 | 411.45 | 438.00 | 0.00 |
Days Payable | 824.63 | 11,096.00 | 301.18 | 501.45 | 6,656.90 | 14,709.50 | 24,515.83 | 1,825.00 | 5,677.78 | 690.18 | 1,225.63 | |
Cash Conversion Cycle | 1,667.09 | 14,298.05 | 401.99 | 284.55 | 10,015.77 | 5,398.68 | -9,598.86 | 4,304.52 | 9,743.47 | -207.81 | -648.58 | 186.56 |
Working Capital Days | -3,350.42 | -33,845.45 | -1,012.78 | -1,760.42 | -38,355.42 | -43,766.82 | -8,939.30 | -15,142.57 | -51,951.67 | -4,882.66 | -8,909.48 | -21,372.78 |
ROCE % | -456.00% | -8.66% | -9.68% | -21.28% | -4.42% | -11.79% | -15.12% | -17.54% | -14.52% | -69.17% | -27.46% | -2.70% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Oct - Submission of Certificate under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018 for the quarter ended September 30, 2025.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 30 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 30 Sep
-
Closure of Trading Window
26 Sep - Trading window closed from Oct 01, 2025 until 48 hours after Sep 30, 2025 unaudited results announcement.
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Closure of Trading Window
26 Sep - Trading window closed from Oct 01, 2025 until 48 hours after unaudited results for Sept 30, 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1][2]
MGL (formerly M/s. Nova Granites (India) Limited) was in the business of processing of Granite Blocks including mining and processing of other types of minerals. It diversified into Gold mining without leaving its original business activities. Currently, the company is evaluating various business opportunities to turnaround its operations