Midwest Gold Ltd

Midwest Gold Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Midwest Gold Ltd

₹ 1,079 2.00%
11 Jul - close price
midwestgoldltd.com BSE: 526570
About

Incorporated in 1990, Midwest Gold
Ltd processing and trading business
of Granite, Marble and other natural
stone[1]

Key Points

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

Website BSE
  • Market Cap ₹ 1,192 Cr.
  • Current Price ₹ 1,079
  • High / Low ₹ 1,079 / 42.0
  • Stock P/E
  • Book Value ₹ 82.7
  • Dividend Yield 0.00 %
  • ROCE -2.83 %
  • ROE -11.5 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 13.0 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -8.88%
  • Company might be capitalizing the interest cost
  • Company has high debtors of 187 days.
  • Working capital days have increased from 904 days to 1,955 days

* 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.

Peer comparison

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
0.04 0.97 0.29 0.29 0.21 0.24 0.07 0.00 0.73 0.00 0.01 0.26 0.17
0.36 1.06 4.64 0.74 0.54 0.39 0.47 0.12 1.09 0.21 0.16 0.80 2.31
Operating Profit -0.32 -0.09 -4.35 -0.45 -0.33 -0.15 -0.40 -0.12 -0.36 -0.21 -0.15 -0.54 -2.14
OPM % -800.00% -9.28% -1,500.00% -155.17% -157.14% -62.50% -571.43% -49.32% -1,500.00% -207.69% -1,258.82%
0.02 0.00 0.00 0.01 0.00 0.02 0.00 0.00 0.02 0.02 0.13 0.38 0.84
Interest 0.63 0.23 0.24 0.27 0.27 0.28 0.28 0.35 0.30 0.33 0.33 0.94 0.60
Depreciation 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01
Profit before tax -0.95 -0.34 -4.61 -0.73 -0.62 -0.43 -0.70 -0.49 -0.66 -0.54 -0.37 -1.12 -1.91
Tax % -41.05% 0.00% 0.00% 0.00% 532.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.56 -0.34 -4.62 -0.73 -3.92 -0.43 -0.71 -0.49 -0.67 -0.54 -0.37 -1.11 -1.91
EPS in Rs -1.71 -1.04 -14.13 -2.23 -11.99 -1.31 -2.17 -1.50 -2.05 -1.65 -1.13 -3.39 -1.73
Raw PDF

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
1.06 0.11 4.04 2.60 0.12 0.11 0.57 0.37 0.12 1.75 1.05 0.45
1.61 0.48 4.90 3.95 0.77 0.64 1.22 1.46 1.53 6.93 2.09 3.49
Operating Profit -0.55 -0.37 -0.86 -1.35 -0.65 -0.53 -0.65 -1.09 -1.41 -5.18 -1.04 -3.04
OPM % -51.89% -336.36% -21.29% -51.92% -541.67% -481.82% -114.04% -294.59% -1,175.00% -296.00% -99.05% -675.56%
0.04 0.04 0.04 0.03 0.64 0.08 0.05 0.08 0.13 -0.03 0.05 1.37
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
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
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
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
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
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: -57%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -71%
Stock Price CAGR
10 Years: 58%
5 Years: %
3 Years: 230%
1 Year: 2469%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -12%

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 40.92
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 0.00
12.95 16.76 13.40 11.36 10.43 10.78 11.24 11.38 11.97 5.82 5.15 79.84
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 14,666.36 81.31 -60.37 -1,520.83 -3,583.64 -192.11 2,456.35 15,360.42 356.66 399.76 1,954.78
ROCE % -456.00% -8.66% -9.68% -21.28% -4.42% -11.79% -15.12% -17.54% -14.52% -69.17% -27.46% -2.83%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.03% 72.27% 72.03% 72.03% 72.03% 72.03% 72.03% 72.03% 72.03% 72.03% 72.03% 63.15%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.62%
0.63% 0.30% 0.63% 0.63% 0.63% 0.63% 0.63% 0.63% 0.63% 0.63% 0.63% 1.86%
27.34% 27.43% 27.33% 27.33% 27.33% 27.33% 27.34% 27.33% 27.34% 27.33% 27.32% 28.37%
No. of Shareholders 6,8136,8046,8056,8026,7986,7956,7966,7886,7736,7546,7346,802

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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