Mid India Industries Ltd

₹ 9.95 0.10%
03 Feb - close price
midindiaindustries.com BSE: 500277
About

Incorporated in 1991, Mid India Industries Ltd is engaged in Lease, Trading and manufacturing of cotton & polyester yarn.

Key Points

Product Profile:[1]
a) Regular Product:
100% Cotton Yarn (Carded and Combed)
Polyester/Cotton Blended (Carded and Combed)
100% Polyester Yarns
b) Special Product:
Multi Fold Yarn up to 8 folds for use in Carpets, Tufting and other industrial fabrics. Yarns can be supplied in 100% Cotton, Polyester/Cotton Blended yarns and 100% Polyester Yarns in the cone size of 1.89 Kgs per cone up to Jumbo Packing of 5 Kgs per cone.

Website BSE
  • Market Cap ₹ 16.2 Cr.
  • Current Price ₹ 9.95
  • High / Low ₹ 46.4 / 4.76
  • Stock P/E 19.5
  • Book Value ₹ -2.63
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Debtor days have improved from 293 to 73.2 days.

Cons

  • The company has delivered a poor sales growth of -5.63% over past five years.
  • Contingent liabilities of Rs.86.7 Cr.

* 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

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
2.40 4.17 0.06 0.06 0.19 1.33 1.96 1.43 6.06 9.53 5.61 3.36 1.88
2.32 4.05 0.05 0.06 0.20 1.35 1.90 1.40 5.58 9.14 5.17 3.10 1.66
Operating Profit 0.08 0.12 0.01 0.00 -0.01 -0.02 0.06 0.03 0.48 0.39 0.44 0.26 0.22
OPM % 3.33% 2.88% 16.67% 0.00% -5.26% -1.50% 3.06% 2.10% 7.92% 4.09% 7.84% 7.74% 11.70%
0.07 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.02 0.02 -0.02 0.00
Interest 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
Depreciation 0.06 0.06 0.06 0.06 0.06 0.08 0.06 0.06 0.06 0.00 0.08 0.03 0.06
Profit before tax 0.09 0.06 -0.04 -0.05 -0.07 -0.10 0.00 -0.03 0.42 0.41 0.38 0.21 0.16
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.29% 51.22% 15.79% 14.29% 18.75%
Net Profit 0.09 0.06 -0.04 -0.05 -0.07 -0.09 0.00 -0.03 0.36 0.20 0.32 0.17 0.14
EPS in Rs 0.06 0.04 -0.02 -0.03 -0.04 -0.06 0.00 -0.02 0.22 0.12 0.20 0.10 0.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
33.45 27.44 41.64 37.38 29.22 23.00 25.27 22.61 21.22 8.47 1.62 18.91 20.38
33.03 26.90 41.17 36.66 28.80 23.72 27.36 26.71 23.57 8.29 1.63 17.98 19.07
Operating Profit 0.42 0.54 0.47 0.72 0.42 -0.72 -2.09 -4.10 -2.35 0.18 -0.01 0.93 1.31
OPM % 1.26% 1.97% 1.13% 1.93% 1.44% -3.13% -8.27% -18.13% -11.07% 2.13% -0.62% 4.92% 6.43%
0.03 0.03 0.11 0.09 0.04 0.12 0.09 0.08 0.04 0.03 0.02 0.04 0.02
Interest 0.04 0.15 0.10 0.33 0.07 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.30 0.29 0.29 0.27 0.24 0.24 0.24 0.27 0.27 0.25 0.26 0.19 0.17
Profit before tax 0.11 0.13 0.19 0.21 0.15 -0.86 -2.24 -4.29 -2.58 -0.04 -0.25 0.78 1.16
Tax % 0.00% 15.38% 21.05% 19.05% 20.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 34.62%
Net Profit 0.11 0.11 0.16 0.16 0.12 -0.85 -2.25 -4.29 -2.58 -0.04 -0.25 0.52 0.83
EPS in Rs 0.07 0.07 0.10 0.10 0.07 -0.52 -1.38 -2.63 -1.58 -0.02 -0.15 0.32 0.51
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: -4%
5 Years: -6%
3 Years: -4%
TTM: 89%
Compounded Profit Growth
10 Years: 17%
5 Years: 17%
3 Years: 30%
TTM: 246%
Stock Price CAGR
10 Years: 29%
5 Years: 76%
3 Years: 110%
1 Year: 88%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30
Reserves -11.85 -11.77 -11.61 -11.45 -11.33 -12.18 -14.43 -18.72 -21.30 -21.34 -21.59 -21.08 -20.59
3.68 2.37 1.40 0.92 0.21 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4.33 4.72 3.94 2.19 3.73 4.91 8.02 11.31 10.65 12.84 10.13 12.70 9.26
Total Liabilities 12.46 11.62 10.03 7.96 8.91 9.04 9.89 8.89 5.65 7.80 4.84 7.92 4.97
3.07 2.78 2.40 2.31 2.08 2.24 2.32 2.29 2.14 1.89 1.63 1.45 1.34
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.22 0.16 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.00 0.11 0.13 0.18 0.00 0.00
9.39 8.84 7.63 5.65 6.83 6.80 7.15 6.44 3.40 5.78 3.03 6.47 3.63
Total Assets 12.46 11.62 10.03 7.96 8.91 9.04 9.89 8.89 5.65 7.80 4.84 7.92 4.97

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2.08 1.37 1.32 0.40 0.49 0.97 0.35 -0.04 -0.02 -0.08 0.03 -0.09
0.62 0.03 -0.11 0.27 0.09 -0.40 -0.69 0.08 -0.07 -0.02 -0.04 0.18
-2.50 -1.44 -1.05 -0.80 -0.77 -0.22 -0.01 0.07 -0.03 0.00 0.00 0.00
Net Cash Flow 0.20 -0.04 0.16 -0.13 -0.19 0.36 -0.35 0.11 -0.12 -0.10 -0.01 0.09

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 26.52 25.14 13.15 7.91 16.74 25.39 23.69 48.91 40.77 225.81 581.30 73.15
Inventory Days 65.95 77.19 32.57 43.05 84.67 92.37 89.57 51.22 0.00 0.00 0.00 23.10
Days Payable 57.22 78.12 36.91 24.38 59.99 107.69 145.15 213.99 245.71
Cash Conversion Cycle 35.25 24.21 8.81 26.58 41.42 10.07 -31.89 -113.85 40.77 225.81 581.30 -149.46
Working Capital Days 37.97 34.19 17.44 30.66 37.10 22.06 -21.95 -89.76 -135.37 -321.04 -1,671.79 -124.30
ROCE % 1.61% 3.73% 4.46% 9.11% 4.02% -18.05% -76.67%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
50.91 50.91 50.91 50.91 50.91 50.91 50.91 50.91 50.91 50.91 50.92 50.92
0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
48.84 48.84 48.84 48.84 48.84 48.84 48.84 48.84 48.84 48.84 48.85 48.84

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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