Mid India Industries Ltd

₹ 7.83 2.62%

04 Jul - close price

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 ₹ 12.8 Cr.
Current Price ₹ 7.83
High / Low ₹ 12.7 / 6.67
Stock P/E
Book Value ₹ -2.76
Dividend Yield 0.00 %
ROCE %
ROE %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -5.69% over past five 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	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
	9.53	5.61	3.36	1.88	3.83	3.30	1.87	0.15	1.42	1.02	1.55	2.38	1.37
	9.14	5.17	3.10	1.66	3.48	3.14	1.86	0.25	1.69	1.02	1.54	2.32	1.49
Operating Profit	0.39	0.44	0.26	0.22	0.35	0.16	0.01	-0.10	-0.27	0.00	0.01	0.06	-0.12
OPM %	4.09%	7.84%	7.74%	11.70%	9.14%	4.85%	0.53%	-66.67%	-19.01%	0.00%	0.65%	2.52%	-8.76%
	0.02	0.02	-0.02	0.00	-0.46	-0.10	-0.04	-0.01	0.15	-0.09	0.00	0.00	0.09
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	0.00	0.08	0.03	0.06	0.06	0.05	0.05	0.05	0.04	0.02	0.02	0.02	0.02
Profit before tax	0.41	0.38	0.21	0.16	-0.17	0.01	-0.08	-0.16	-0.16	-0.11	-0.01	0.04	-0.05
Tax %	51.22%	15.79%	14.29%	18.75%	5.88%	0.00%	0.00%	0.00%	18.75%	0.00%	0.00%	0.00%	-20.00%
	0.20	0.32	0.17	0.14	-0.18	0.01	-0.09	-0.16	-0.19	-0.11	-0.01	0.04	-0.04
EPS in Rs	0.12	0.20	0.10	0.09	-0.11	0.01	-0.06	-0.10	-0.12	-0.07	-0.01	0.02	-0.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	37.38	29.22	23.00	25.27	22.61	21.22	8.47	1.62	18.91	14.68	6.73	6.32
	36.66	28.80	23.72	27.36	26.71	23.57	8.29	1.63	17.98	13.44	6.94	6.38
Operating Profit	0.72	0.42	-0.72	-2.09	-4.10	-2.35	0.18	-0.01	0.93	1.24	-0.21	-0.06
OPM %	1.93%	1.44%	-3.13%	-8.27%	-18.13%	-11.07%	2.13%	-0.62%	4.92%	8.45%	-3.12%	-0.95%
	0.09	0.04	0.12	0.09	0.08	0.04	0.03	0.02	0.04	-0.44	0.01	0.00
Interest	0.33	0.07	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.27	0.24	0.24	0.24	0.27	0.27	0.25	0.26	0.19	0.22	0.20	0.07
Profit before tax	0.21	0.15	-0.86	-2.24	-4.29	-2.58	-0.04	-0.25	0.78	0.58	-0.40	-0.13
Tax %	19.05%	20.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	34.62%	22.41%	7.50%	-7.69%
	0.16	0.12	-0.85	-2.25	-4.29	-2.58	-0.04	-0.25	0.52	0.45	-0.42	-0.12
EPS in Rs	0.10	0.07	-0.52	-1.38	-2.63	-1.58	-0.02	-0.15	0.32	0.28	-0.26	-0.07
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:	-14%
5 Years:	-6%
3 Years:	-31%
TTM:	-6%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	71%

Stock Price CAGR
10 Years:	19%
5 Years:	57%
3 Years:	-28%
1 Year:	-30%

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

Balance Sheet

Figures in Rs. Crores

	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	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	-11.45	-11.33	-12.18	-14.43	-18.72	-21.30	-21.34	-21.59	-21.08	-20.38	-20.68	-20.80
	0.92	0.21	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	2.19	3.73	4.91	8.02	11.31	10.65	12.84	10.13	12.70	9.75	8.66	6.03
Total Liabilities	7.96	8.91	9.04	9.89	8.89	5.65	7.80	4.84	7.92	5.67	4.28	1.53
	2.31	2.08	2.24	2.32	2.29	2.14	1.89	1.63	1.45	1.23	0.49	0.33
CWIP	0.00	0.00	0.00	0.22	0.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.20	0.00	0.11	0.13	0.18	0.00	0.00	0.00	0.00
	5.65	6.83	6.80	7.15	6.44	3.40	5.78	3.03	6.47	4.44	3.79	1.20
Total Assets	7.96	8.91	9.04	9.89	8.89	5.65	7.80	4.84	7.92	5.67	4.28	1.53

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0.40	0.49	0.97	0.35	-0.04	-0.02	-0.08	0.03	-0.09	-0.03	-0.58	-0.16
	0.27	0.09	-0.40	-0.69	0.08	-0.07	-0.02	-0.04	0.18	-0.01	0.70	0.00
	-0.80	-0.77	-0.22	-0.01	0.07	-0.03	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	-0.13	-0.19	0.36	-0.35	0.11	-0.12	-0.10	-0.01	0.09	-0.04	0.12	-0.16

Ratios

Figures in Rs. Crores

	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	7.91	16.74	25.39	23.69	48.91	40.77	225.81	581.30	73.15	59.67	148.60	9.24
Inventory Days	43.05	84.67	92.37	89.57	51.22	0.00	0.00	0.00	23.10	5.89	1.14	1.26
Days Payable	24.38	59.99	107.69	145.15	213.99				245.71	253.06	478.88	371.29
Cash Conversion Cycle	26.58	41.42	10.07	-31.89	-113.85	40.77	225.81	581.30	-149.46	-187.49	-329.14	-360.79
Working Capital Days	30.66	37.10	22.06	-21.95	-89.76	-135.37	-321.04	-1,671.79	-124.50	-140.23	-283.65	-278.95
ROCE %	9.11%	4.02%	-18.05%	-76.67%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	50.91%	50.92%	50.92%	50.91%	50.91%	50.91%	50.91%	50.91%	50.91%	50.92%	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%	48.85%	48.84%	48.84%	48.85%	48.84%	48.83%	48.83%	48.84%	48.82%	48.82%	48.83%
No. of Shareholders	16,691	16,978	17,018	17,064	17,043	16,977	17,009	17,193	17,306	17,158	17,238	17,420

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	47.85%	47.84%	50.91%	50.91%	50.91%	50.91%	50.91%	50.91%	50.92%
	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%
	3.07%	3.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	48.83%	48.84%	48.84%	48.84%	48.84%	48.84%	48.84%	48.83%	48.83%
No. of Shareholders	16,111	16,055	15,988	15,866	15,816	15,798	17,064	17,193	17,420

* 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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Mid India Industries Ltd

Mid India Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports