Midwest Gold Ltd

₹ 4,023 -4.35%

04 Jun - close price

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 ₹ 5,219 Cr.
Current Price ₹ 4,023
High / Low ₹ 5,900 / 646
Stock P/E
Book Value ₹ 311
Dividend Yield 0.00 %
ROCE -2.55 %
ROE -5.73 %
Face Value ₹ 10.0

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Pros

Promoter holding has increased by 0.87% over last quarter.

Cons

Stock is trading at 13.0 times its book value
Company has low interest coverage ratio.
Company might be capitalizing the interest cost
Company has high debtors of 299 days.
Promoter holding has decreased over last 3 years: -13.2%

* 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	0.49	1.20	1.20	5.76
	3.21	3.24	3.22	8.98
Operating Profit	-2.72	-2.04	-2.02	-3.22
OPM %	-555.10%	-170.00%	-168.33%	-55.90%
	0.30	0.21	0.23	1.13
Interest	0.66	0.84	0.59	0.50
Depreciation	0.70	0.85	0.87	0.86
Profit before tax	-3.78	-3.52	-3.25	-3.45
Tax %	0.00%	0.00%	0.00%	0.00%
	-3.78	-3.53	-3.25	-3.45
EPS in Rs	-3.13	-2.90	-2.70	-2.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
	1	9
	5	19
Operating Profit	-4	-10
OPM %	-533%	-115%
	0	2
Interest	2	3
Depreciation	1	3
Profit before tax	-7	-14
Tax %	-0%	0%
	-7	-14
EPS in Rs	-5.07	-10.86
Dividend Payout %	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	1010%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-153%

Stock Price CAGR
10 Years:	80%
5 Years:	211%
3 Years:	419%
1 Year:	536%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	-6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
Equity Capital	11	13
Reserves	78	388
	106	302
	10	12
Total Liabilities	205	714
	31	141
CWIP	76	164
Investments	0	2
	98	408
Total Assets	205	714

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
	-33
	-84
	156
Net Cash Flow	39
Free Cash Flow	-116
CFO/OP	798%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2025	Mar 2026
Debtor Days	295	299
Inventory Days	879	2,449
Days Payable	820	72
Cash Conversion Cycle	353	2,675
Working Capital Days	-744	-3,293
ROCE %		-3%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Debtors Turnover Ratio
Ratio ・Standalone data

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	x	x	x	x	x	x	x	x	xx	x
									x.xx	x,xxx.xx
									x,xxx.xx	x,xxx.xx

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Revenue from Sales of Products and Traded Goods
INR Lakhs ・Standalone data

Permanent Employee Count
Numbers ・Standalone data

Capital Work-in-Progress
INR Lakhs

Intangible Assets Under Development (Energy & Technology Expansion)
INR Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%	63.15%	63.15%	63.15%	57.91%	58.78%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.62%	6.72%	6.78%	11.70%	12.02%
	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	1.86%	1.86%	1.86%	1.71%	1.58%
	27.33%	27.33%	27.34%	27.33%	27.34%	27.33%	27.32%	28.37%	28.28%	28.21%	28.68%	27.61%
No. of Shareholders	6,798	6,795	6,796	6,788	6,773	6,754	6,734	6,802	6,822	7,573	9,066	8,868

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%	63.15%	58.78%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.62%	12.02%
	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	1.86%	1.58%
	27.34%	27.34%	27.34%	27.34%	27.34%	27.34%	27.33%	27.33%	28.37%	27.61%
No. of Shareholders	6,818	6,804	6,789	6,775	6,799	6,820	6,802	6,788	6,802	8,868

* 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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Midwest Gold Ltd

Midwest Gold Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports