Mid India Industries Ltd

₹ 36.4 4.89%
May 17 - 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.

  • Market Cap 59.4 Cr.
  • Current Price 36.4
  • High / Low 36.4 / 2.89
  • Stock P/E 248
  • Book Value -3.27
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -41.18% over past five years.
  • Company has high debtors of 581.30 days.

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
3.16 0.06 1.73 2.40 4.17 0.06 0.06 0.19 1.33 1.96 1.43 6.06
3.70 0.07 1.86 2.32 4.05 0.05 0.06 0.20 1.35 1.90 1.40 5.58
Operating Profit -0.54 -0.01 -0.13 0.08 0.12 0.01 0.00 -0.01 -0.02 0.06 0.03 0.48
OPM % -17.09% -16.67% -7.51% 3.33% 2.88% 16.67% 0.00% -5.26% -1.50% 3.06% 2.10% 7.92%
0.01 0.01 0.07 0.07 0.00 0.01 0.01 0.00 0.00 0.00 0.00 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
Depreciation 0.07 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.08 0.06 0.06 0.06
Profit before tax -0.60 -0.06 -0.12 0.09 0.06 -0.04 -0.05 -0.07 -0.10 0.00 -0.03 0.42
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.29%
Net Profit -0.59 -0.06 -0.12 0.09 0.06 -0.04 -0.05 -0.07 -0.09 0.00 -0.03 0.36
EPS in Rs -0.36 -0.04 -0.07 0.06 0.04 -0.02 -0.03 -0.04 -0.06 0.00 -0.02 0.22

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
25.75 33.45 27.44 41.64 37.38 29.22 23.00 25.27 22.61 21.22 8.47 1.62 10.78
24.75 33.03 26.90 41.17 36.66 28.80 23.72 27.36 26.71 23.57 8.29 1.63 10.23
Operating Profit 1.00 0.42 0.54 0.47 0.72 0.42 -0.72 -2.09 -4.10 -2.35 0.18 -0.01 0.55
OPM % 3.88% 1.26% 1.97% 1.13% 1.93% 1.44% -3.13% -8.27% -18.13% -11.07% 2.13% -0.62% 5.10%
0.07 0.03 0.03 0.11 0.09 0.04 0.12 0.09 0.08 0.04 0.03 0.02 0.00
Interest 0.02 0.04 0.15 0.10 0.33 0.07 0.02 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.30 0.30 0.29 0.29 0.27 0.24 0.24 0.24 0.27 0.27 0.25 0.26 0.26
Profit before tax 0.75 0.11 0.13 0.19 0.21 0.15 -0.86 -2.24 -4.29 -2.58 -0.04 -0.25 0.29
Tax % 0.00% 0.00% 15.38% 21.05% 19.05% 20.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 0.75 0.11 0.11 0.16 0.16 0.12 -0.85 -2.25 -4.29 -2.58 -0.04 -0.25 0.24
EPS in Rs 0.46 0.07 0.07 0.10 0.10 0.07 -0.52 -1.38 -2.63 -1.58 -0.02 -0.15 0.14
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: -26%
5 Years: -41%
3 Years: -58%
TTM: 141%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: 25%
TTM: 340%
Stock Price CAGR
10 Years: 41%
5 Years: 121%
3 Years: 366%
1 Year: 901%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
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 -11.97 -11.85 -11.77 -11.61 -11.45 -11.33 -12.18 -14.43 -18.72 -21.30 -21.34 -21.59 -21.63
Borrowings 6.17 3.68 2.37 1.40 0.92 0.21 0.01 0.00 0.00 0.00 0.00 0.00 0.00
1.43 4.33 4.72 3.94 2.19 3.73 4.91 8.02 11.31 10.65 12.84 10.13 11.76
Total Liabilities 11.93 12.46 11.62 10.03 7.96 8.91 9.04 9.89 8.89 5.65 7.80 4.84 6.43
3.36 3.07 2.78 2.40 2.31 2.08 2.24 2.32 2.29 2.14 1.89 1.63 1.51
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.22 0.16 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.00 0.11 0.13 0.18 0.06
8.57 9.39 8.84 7.63 5.65 6.83 6.80 7.15 6.44 3.40 5.78 3.03 4.86
Total Assets 11.93 12.46 11.62 10.03 7.96 8.91 9.04 9.89 8.89 5.65 7.80 4.84 6.43

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-1.75 2.08 1.37 1.32 0.40 0.49 0.97 0.35 -0.04 -0.02 -0.08 0.03
-0.34 0.62 0.03 -0.11 0.27 0.09 -0.40 -0.69 0.08 -0.07 -0.02 -0.04
1.99 -2.50 -1.44 -1.05 -0.80 -0.77 -0.22 -0.01 0.07 -0.03 0.00 0.00
Net Cash Flow -0.10 0.20 -0.04 0.16 -0.13 -0.19 0.36 -0.35 0.11 -0.12 -0.10 -0.01

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 44.23 26.52 25.14 13.15 7.91 16.74 25.39 23.69 48.91 40.77 225.81 581.30
Inventory Days 53.42 65.95 77.19 32.57 43.05 84.67 92.37 89.57 51.22 0.00 0.00 0.00
Days Payable 19.30 57.22 78.12 36.91 24.38 59.99 107.69 145.15 213.99
Cash Conversion Cycle 78.35 35.25 24.21 8.81 26.58 41.42 10.07 -31.89 -113.85 40.77 225.81 581.30
Working Capital Days 99.51 37.97 34.32 17.44 30.66 37.10 22.22 -21.95 -89.76 -135.37 -321.04 -1,671.79
ROCE % 8.43% 1.61% 3.73% 4.46% 9.11% 4.02% -18.05% -76.67%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
50.91 50.91 50.91 50.91 50.91 50.91 50.91 50.91 50.91 50.91 50.91 50.91
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 48.84 48.84

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