Midwest Ltd

Midwest Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Midwest Ltd

₹ 1,460 2.66%
12 Dec - close price
midwest.in BSE: 544587 NSE: MIDWESTLTD
About

Incorporated in 1981, Midwest Ltd is engaged in the business of exploration, mining, processing, marketing, distribution, and export of natural stones.[1]

Key Points

Business Profile[1]
Midwest Limited is a vertically integrated natural stone and mining company, dominant in Black Galaxy and Absolute Black Granite, with diversified operations across Granite, Diamond Wire, Quartz, and emerging Heavy Mineral Sands.

Website BSE NSE
  • Market Cap ₹ 5,281 Cr.
  • Current Price ₹ 1,460
  • High / Low ₹ 1,580 / 1,048
  • Stock P/E 57.4
  • Book Value ₹
  • Dividend Yield 0.00 %
  • ROCE 23.9 %
  • ROE 19.6 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Contingent liabilities of Rs.1,620 Cr.
  • Debtor days have increased from 77.3 to 127 days.
  • Working capital days have increased from 67.3 days to 96.2 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.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Granites & Marbles

Part of BSE IPO

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2024 Jun 2025 Sep 2025
79 79 122
61 56 79
Operating Profit 19 22 44
OPM % 24% 28% 36%
22 4 2
Interest 2 3 3
Depreciation 4 4 5
Profit before tax 34 19 39
Tax % 26% 26% 25%
25 14 29
EPS in Rs 7.45 4.18 8.59
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
220 330 310 342 370
163 252 245 244 257
Operating Profit 57 78 65 98 113
OPM % 26% 24% 21% 29% 31%
13 9 18 18 32
Interest 5 6 7 7 8
Depreciation 15 13 15 15 18
Profit before tax 51 68 61 95 119
Tax % 27% 25% 26% 24% 25%
37 51 45 73 88
EPS in Rs 5,000.00 6,853.30 6,086.14 751.99 26.16
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 4%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 20%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 18%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.74 0.74 0.74 10 17 17
Reserves 249 300 345 395 476 519
61 58 85 64 96 105
67 103 52 82 97 105
Total Liabilities 377 462 483 551 686 746
168 178 195 197 219 230
CWIP 6 12 4 7 27 26
Investments 69 79 90 112 92 92
134 193 194 235 347 398
Total Assets 377 462 483 551 686 746

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
55 88 -19 106 21
-37 -78 -5 -65 -43
-17 -8 21 -41 24
Net Cash Flow 1 2 -3 1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 28 31 55 50 127
Inventory Days 455 364
Days Payable 140 391
Cash Conversion Cycle 28 31 55 365 100
Working Capital Days 10 0 66 40 96
ROCE % 22% 17% 23% 24%

Shareholding Pattern

Numbers in percentages

3 Recently
Oct 2025
77.13%
2.10%
12.53%
8.26%
No. of Shareholders 1,09,175

* 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

No data available.

DRHP

Credit ratings

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