Midland Polymers Ltd
Midland Polymers is engaged in manufactures monaxially oriented polypropylene films. The Company offers films for tear tapes, silicon-covered movies, convey handles, labels and names, organic product marks, and embellishing stars and bows.
- Market Cap ₹ Cr.
- Current Price ₹ 23.9
- High / Low ₹ /
- Stock P/E
- Book Value ₹ -30.5
- Dividend Yield 0.00 %
- ROCE -34.9 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 5.66%
* 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
Commodities Chemicals Chemicals & Petrochemicals Commodity Chemicals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | |
| 0.05 | 0.19 | 0.41 | 0.28 | 0.20 | 0.20 | 0.26 | 0.12 | 0.14 | 0.29 | 0.53 | 0.15 | 0.20 | |
| Operating Profit | -0.05 | -0.19 | -0.41 | -0.28 | -0.20 | -0.20 | 0.10 | -0.12 | -0.14 | -0.29 | -0.47 | -0.15 | -0.20 |
| OPM % | 27.78% | -783.33% | |||||||||||
| 0.03 | 0.37 | 0.87 | 0.40 | 0.10 | 0.30 | 0.00 | 0.20 | 0.05 | 0.00 | 0.01 | 0.00 | 0.00 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.02 | 0.17 | 0.44 | 0.10 | -0.11 | 0.09 | 0.07 | 0.08 | -0.09 | -0.29 | -0.46 | -0.15 | -0.20 |
| Tax % | 0.00% | 17.65% | 11.36% | -60.00% | -9.09% | 11.11% | 0.00% | 25.00% | -11.11% | 0.00% | 0.00% | 0.00% | |
| -0.02 | 0.14 | 0.39 | 0.17 | -0.11 | 0.08 | 0.07 | 0.06 | -0.08 | -0.29 | -0.46 | -0.15 | -0.20 | |
| EPS in Rs | -0.00 | 0.01 | 0.03 | 0.01 | -0.01 | 0.01 | 0.01 | 0.00 | -0.01 | -0.02 | -6.88 | -2.24 | -2.99 |
| 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 | |
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| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
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| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -50% |
| TTM: | -82% |
| Stock Price CAGR | |
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Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.93 | 6.79 | 13.59 | 13.59 | 13.59 | 13.59 | 13.59 | 13.59 | 13.59 | 13.59 | 0.67 | 0.67 | 0.67 |
| Reserves | -1.98 | 6.88 | 0.48 | 0.65 | 0.54 | 0.62 | 0.90 | 0.96 | 0.88 | 0.60 | -2.50 | -2.65 | -2.71 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 2.00 | 2.29 | 2.38 | 2.64 | |
| 0.01 | 0.15 | 3.58 | 2.41 | 2.55 | 2.56 | 2.56 | 2.98 | 0.89 | 0.41 | 0.02 | 0.01 | 0.02 | |
| Total Liabilities | 1.96 | 13.82 | 17.65 | 16.65 | 16.68 | 16.77 | 17.05 | 17.53 | 17.36 | 16.60 | 0.48 | 0.41 | 0.62 |
| 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 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 | 0.00 |
| Investments | 0.30 | 0.06 | 3.66 | 3.90 | 7.94 | 6.94 | 11.57 | 11.01 | 11.01 | 11.01 | 0.00 | 0.00 | 0.00 |
| 1.66 | 13.75 | 13.98 | 12.74 | 8.74 | 9.83 | 5.48 | 6.52 | 6.35 | 5.59 | 0.48 | 0.41 | 0.62 | |
| Total Assets | 1.96 | 13.82 | 17.65 | 16.65 | 16.68 | 16.77 | 17.05 | 17.53 | 17.36 | 16.60 | 0.48 | 0.41 | 0.62 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.32 | -12.09 | 2.40 | -0.90 | 3.18 | -1.69 | -0.49 | -2.08 | 0.01 | 1.55 | -0.09 | ||
| -0.23 | 0.60 | -2.39 | 0.92 | -3.21 | 1.65 | 0.51 | 0.05 | 0.00 | 11.01 | 0.00 | ||
| 0.00 | 11.53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | -12.57 | 0.09 | ||
| Net Cash Flow | -0.55 | 0.04 | 0.01 | 0.02 | -0.04 | -0.04 | 0.02 | -0.03 | 0.01 | -0.01 | 0.00 | |
| Free Cash Flow | -0.32 | -12.10 | 2.40 | -0.90 | 3.18 | -1.69 | -0.49 | -2.08 | 0.01 | 1.55 | -0.09 | |
| CFO/OP | 640% | 6,363% | -585% | 321% | -1,590% | 845% | 392% | 1,486% | -3% | -330% | 60% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 365.00 | ||||||||||
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0.00 | 365.00 | ||||||||||
| Working Capital Days | 5,251.94 | -11,193.33 | ||||||||||
| ROCE % | -1.02% | 2.18% | 3.17% | 0.71% | 0.42% | 0.78% | 0.55% | -0.58% | -1.78% | -5.53% | -34.88% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
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| Actual Production Volume MT |
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| Number of Employees Number |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3h - Of Newspaper Publication of information regarding EGM of the company.
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Closure of Trading Window
30 Mar - Trading window closed from 01.04.2026 until 48 hours after audited results for quarter/year ended 31.03.2026.
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Open Offer
28 Mar - Open offer for 97.5 lakh shares (26%) at Rs.10; Board approved preferential issue; EGM April 25, 2026.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 27.03.2026
27 Mar - Approved 100% acquisition of JMRCLEAN; preferential issues and warrants totaling ~Rs36.83 crore; EGM 25 April 2026.
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Board Meeting Intimation for Board Meeting To Be Held On 27.03.2026
24 Mar - Board meeting postponed from 24 March 2026 to 27 March 2026; trading window closed until 48 hours post-meeting.