Midwest Ltd

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

Midwest Ltd

₹ 1,568 -7.86%
09 Jan - 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 ₹ 5,678 Cr.
  • Current Price ₹ 1,568
  • High / Low ₹ 1,860 / 1,048
  • Stock P/E 48.5
  • Book Value ₹
  • Dividend Yield 0.00 %
  • ROCE 21.7 %
  • ROE 18.7 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Company might be capitalizing the interest cost
  • Debtor days have increased from 94.7 to 140 days.
  • Working capital days have increased from 52.2 days to 83.1 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2024 Jun 2025 Sep 2025
141 142 159
111 103 112
Operating Profit 31 39 47
OPM % 22% 27% 29%
4 4 2
Interest 2 4 4
Depreciation 6 7 7
Profit before tax 27 33 38
Tax % 42% 26% 26%
15 24 28
EPS in Rs 4.40 6.86 8.22
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
380 525 503 586 626
284 418 412 428 451
Operating Profit 96 108 91 158 175
OPM % 25% 20% 18% 27% 28%
12 13 19 12 40
Interest 7 10 10 10 11
Depreciation 18 18 22 22 26
Profit before tax 83 93 79 138 178
Tax % 27% 28% 31% 27% 25%
60 67 54 100 133
EPS in Rs 7,643.34 8,584.12 7,278.60 999.17 36.20
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 17%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 18%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.74 0.74 0.74 10 17 17
Reserves 277 345 409 485 602 657
103 98 151 124 242 234
122 160 95 138 195 175
Total Liabilities 502 604 656 757 1,056 1,082
206 232 255 254 307 531
CWIP 92 103 105 119 226 81
Investments 1 11 20 38 20 0
202 257 275 347 503 470
Total Assets 502 604 656 757 1,056 1,082

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
67 143 -52 128 87
-40 -99 -17 -64 -201
-27 -14 45 -50 102
Net Cash Flow -0 31 -25 14 -11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 50 29 70 74 140
Inventory Days 417
Days Payable 242
Cash Conversion Cycle 50 29 70 249 140
Working Capital Days -2 -30 30 43 83
ROCE % 25% 17% 24% 22%

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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