Mid India Industries Ltd

Mid India Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mid India Industries Ltd

₹ 9.14 3.98%
01 Dec 12:51 p.m.
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 ₹ 14.9 Cr.
  • Current Price ₹ 9.14
  • High / Low ₹ 15.3 / 5.03
  • Stock P/E 41.4
  • Book Value ₹ -2.55
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 238 to 60.1 days.

Cons

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
0.06 0.19 1.33 1.96 1.43 6.06 9.53 5.61 3.36 1.88 3.83 3.30 1.87
0.06 0.20 1.35 1.90 1.40 5.58 9.14 5.17 3.10 1.66 3.48 3.14 1.86
Operating Profit 0.00 -0.01 -0.02 0.06 0.03 0.48 0.39 0.44 0.26 0.22 0.35 0.16 0.01
OPM % 0.00% -5.26% -1.50% 3.06% 2.10% 7.92% 4.09% 7.84% 7.74% 11.70% 9.14% 4.85% 0.53%
0.01 0.00 0.00 0.00 0.00 0.00 0.02 0.02 -0.02 0.00 -0.46 -0.10 -0.04
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 0.08 0.06 0.06 0.06 0.00 0.08 0.03 0.06 0.06 0.05 0.05
Profit before tax -0.05 -0.07 -0.10 0.00 -0.03 0.42 0.41 0.38 0.21 0.16 -0.17 0.01 -0.08
Tax % 0.00% 0.00% 0.00% 0.00% 14.29% 51.22% 15.79% 14.29% 18.75% -5.88% 0.00% 0.00%
-0.05 -0.07 -0.09 0.00 -0.03 0.36 0.20 0.32 0.17 0.14 -0.18 0.01 -0.09
EPS in Rs -0.03 -0.04 -0.06 0.00 -0.02 0.22 0.12 0.20 0.10 0.09 -0.11 0.01 -0.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
27.44 41.64 37.38 29.22 23.00 25.27 22.61 21.22 8.47 1.62 18.91 14.58 10.88
26.90 41.17 36.66 28.80 23.72 27.36 26.71 23.57 8.29 1.63 17.98 13.34 10.14
Operating Profit 0.54 0.47 0.72 0.42 -0.72 -2.09 -4.10 -2.35 0.18 -0.01 0.93 1.24 0.74
OPM % 1.97% 1.13% 1.93% 1.44% -3.13% -8.27% -18.13% -11.07% 2.13% -0.62% 4.92% 8.50% 6.80%
0.03 0.11 0.09 0.04 0.12 0.09 0.08 0.04 0.03 0.02 0.04 -0.44 -0.60
Interest 0.15 0.10 0.33 0.07 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.29 0.29 0.27 0.24 0.24 0.24 0.27 0.27 0.25 0.26 0.19 0.22 0.22
Profit before tax 0.13 0.19 0.21 0.15 -0.86 -2.24 -4.29 -2.58 -0.04 -0.25 0.78 0.58 -0.08
Tax % 15.38% 21.05% 19.05% 20.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 34.62% 22.41%
0.11 0.16 0.16 0.12 -0.85 -2.25 -4.29 -2.58 -0.04 -0.25 0.52 0.45 -0.12
EPS in Rs 0.07 0.10 0.10 0.07 -0.52 -1.38 -2.63 -1.58 -0.02 -0.15 0.32 0.28 -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: -10%
5 Years: -8%
3 Years: 20%
TTM: -56%
Compounded Profit Growth
10 Years: 18%
5 Years: 17%
3 Years: 181%
TTM: -66%
Stock Price CAGR
10 Years: 40%
5 Years: 99%
3 Years: 114%
1 Year: -25%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
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 16.30
Reserves -11.77 -11.61 -11.45 -11.33 -12.18 -14.43 -18.72 -21.30 -21.34 -21.59 -21.08 -20.38 -20.46
2.37 1.40 0.92 0.21 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4.72 3.94 2.19 3.73 4.91 8.02 11.31 10.65 12.84 10.13 12.70 9.75 8.59
Total Liabilities 11.62 10.03 7.96 8.91 9.04 9.89 8.89 5.65 7.80 4.84 7.92 5.67 4.43
2.78 2.40 2.31 2.08 2.24 2.32 2.29 2.14 1.89 1.63 1.45 1.23 1.13
CWIP 0.00 0.00 0.00 0.00 0.00 0.22 0.16 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.20 0.00 0.11 0.13 0.18 0.00 0.00 0.00
8.84 7.63 5.65 6.83 6.80 7.15 6.44 3.40 5.78 3.03 6.47 4.44 3.30
Total Assets 11.62 10.03 7.96 8.91 9.04 9.89 8.89 5.65 7.80 4.84 7.92 5.67 4.43

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.37 1.32 0.40 0.49 0.97 0.35 -0.04 -0.02 -0.08 0.03 -0.09 -0.03
0.03 -0.11 0.27 0.09 -0.40 -0.69 0.08 -0.07 -0.02 -0.04 0.18 -0.01
-1.44 -1.05 -0.80 -0.77 -0.22 -0.01 0.07 -0.03 0.00 0.00 0.00 0.00
Net Cash Flow -0.04 0.16 -0.13 -0.19 0.36 -0.35 0.11 -0.12 -0.10 -0.01 0.09 -0.04

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 25.14 13.15 7.91 16.74 25.39 23.69 48.91 40.77 225.81 581.30 73.15 60.08
Inventory Days 77.19 32.57 43.05 84.67 92.37 89.57 51.22 0.00 0.00 0.00 23.10 5.89
Days Payable 78.12 36.91 24.38 59.99 107.69 145.15 213.99 245.71 253.06
Cash Conversion Cycle 24.21 8.81 26.58 41.42 10.07 -31.89 -113.85 40.77 225.81 581.30 -149.46 -187.09
Working Capital Days 34.19 17.44 30.66 37.10 22.06 -21.95 -89.76 -135.37 -321.04 -1,671.79 -124.50 -141.19
ROCE % 3.73% 4.46% 9.11% 4.02% -18.05% -76.67%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
50.91% 50.91% 50.91% 50.91% 50.91% 50.91% 50.91% 50.92% 50.92% 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% 48.85% 48.84% 48.84% 48.85% 48.84%
No. of Shareholders 15,84215,81615,77915,77615,79315,79816,69116,97817,01817,06417,04316,977

* 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

Annual reports