Midwest Ltd
Incorporated in 1981, Midwest Ltd is engaged in the business of exploration, mining, processing, marketing, distribution, and export of natural stones.[1]
- Market Cap ₹ 4,124 Cr.
- Current Price ₹ 1,140
- High / Low ₹ 1,190 / 1,124
- Stock P/E 89.7
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 17.4 %
- ROE 14.2 %
- Face Value ₹ 5.00
Pros
Cons
- Debtor days have increased from 38.0 to 55.0 days.
- Working capital days have increased from 25.3 days to 65.8 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 220 | 330 | 310 | |
| 163 | 252 | 245 | |
| Operating Profit | 57 | 78 | 65 |
| OPM % | 26% | 24% | 21% |
| 13 | 9 | 18 | |
| Interest | 5 | 6 | 7 |
| Depreciation | 15 | 13 | 15 |
| Profit before tax | 51 | 68 | 61 |
| Tax % | 27% | 25% | 26% |
| 37 | 51 | 45 | |
| EPS in Rs | 5,000.00 | 6,853.30 | 6,086.14 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
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| 5 Years: | % |
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| Return on Equity | |
|---|---|
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| 5 Years: | % |
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| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Equity Capital | 0.74 | 0.74 | 0.74 |
| Reserves | 249 | 300 | 345 |
| 61 | 58 | 85 | |
| 67 | 103 | 52 | |
| Total Liabilities | 377 | 462 | 483 |
| 168 | 178 | 195 | |
| CWIP | 6 | 12 | 4 |
| Investments | 69 | 79 | 90 |
| 134 | 193 | 194 | |
| Total Assets | 377 | 462 | 483 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 55 | 88 | -19 | |
| -37 | -78 | -5 | |
| -17 | -8 | 21 | |
| Net Cash Flow | 1 | 2 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 28 | 31 | 55 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 28 | 31 | 55 |
| Working Capital Days | 10 | 0 | 66 |
| ROCE % | 22% | 17% |
Documents
Announcements
-
Intimation Under Regulation 8(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015
17h - Oct 24, 2025: Midwest Limited files SEBI PIT fair disclosure Code; posted on company website.
-
Disclosure Under Regulation 30(5) Of The SEBI (LODR) Regulations, 2015
17h - Board authorized KMP (Rohit Tibrewal) to determine materiality; contact details disclosed on Oct 24, 2025.
- Closure of Trading Window 17h
- Listing of Equity Shares of Midwest Ltd 24h
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.