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 ₹ 1.02
- Dividend Yield 0.00 %
- ROCE -1.99 %
- ROE -2.29 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 23.5 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 5.66%
- Company has a low return on equity of -1.01% over last 3 years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.94 | 0.00 | 0.00 | |
| 0.41 | 0.28 | 0.20 | 0.20 | 0.13 | 14.17 | 0.33 | 0.20 | |
| Operating Profit | -0.41 | -0.28 | -0.20 | -0.20 | -0.13 | -0.23 | -0.33 | -0.20 |
| OPM % | -1.65% | |||||||
| 0.87 | 0.40 | 0.10 | 0.30 | 0.20 | 0.05 | 0.01 | 0.00 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.44 | 0.10 | -0.11 | 0.09 | 0.07 | -0.18 | -0.32 | -0.20 |
| Tax % | 11.36% | -60.00% | -9.09% | 11.11% | 0.00% | -5.56% | 0.00% | |
| 0.39 | 0.17 | -0.11 | 0.08 | 0.07 | -0.18 | -0.32 | -0.20 | |
| EPS in Rs | 0.03 | 0.01 | -0.01 | 0.01 | 0.01 | -0.01 | -0.02 | -0.02 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| Last Year: | -2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 13.59 | 13.59 | 13.59 | 13.59 | 13.59 | 13.59 | 13.59 |
| Reserves | 0.50 | 0.67 | 0.56 | 0.64 | 0.69 | 0.52 | 0.21 |
| 0.17 | 0.17 | 0.17 | 0.17 | 0.13 | 2.13 | 2.12 | |
| 3.74 | 2.57 | 2.73 | 2.74 | 3.14 | 6.42 | 5.86 | |
| Total Liabilities | 18.00 | 17.00 | 17.05 | 17.14 | 17.55 | 22.66 | 21.78 |
| 0.24 | 0.23 | 0.23 | 0.23 | 0.01 | 0.01 | 0.01 | |
| CWIP | 0.00 | 0.00 | 0.30 | 0.95 | 0.95 | 0.95 | 0.95 |
| Investments | 0.06 | 0.30 | 4.34 | 3.34 | 7.97 | 7.41 | 7.41 |
| 17.70 | 16.47 | 12.18 | 12.62 | 8.62 | 14.29 | 13.41 | |
| Total Assets | 18.00 | 17.00 | 17.05 | 17.14 | 17.55 | 22.66 | 21.78 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|
| 2.41 | -0.90 | 3.18 | -1.68 | -0.49 | -2.46 | 0.33 | |
| -2.39 | 0.93 | -3.24 | 1.82 | 0.51 | 0.62 | -1.21 | |
| -0.01 | -0.01 | 0.00 | 0.00 | 0.00 | 2.00 | 0.72 | |
| Net Cash Flow | 0.01 | 0.02 | -0.05 | 0.14 | 0.02 | 0.16 | -0.16 |
| Free Cash Flow | 2.41 | -0.90 | 3.18 | -1.68 | -0.49 | -2.46 | 0.33 |
| CFO/OP | -588% | 321% | -1,590% | 840% | 362% | 1,070% | -100% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 132.75 | ||||||
| Inventory Days | 0.00 | ||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 132.75 | ||||||
| Working Capital Days | 97.66 | ||||||
| ROCE % | 0.69% | 0.41% | 0.76% | -1.17% | -1.99% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | |
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| Actual Production Volume MT ・Standalone data |
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| Capacity Utilization % ・Standalone data |
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| Installed Capacity MT ・Standalone data |
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| Number of Employees Number ・Standalone data |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4h - 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.