WEBSITE BSE:544587 NSE: MIDWESTLTD Inc. Year: 1981 Industry: Ceramics/Marble/Granite/Sanitaryware
Last updated: 15:55
Founded in 1981 and located in Hyderabad, Midwest Ltd. is a vertically integrated minerals and materials business that mines and processes dimensional stones, quartz, and advanced mineral products. Midwest is one of India\'s largest producers of high-end black granite, notably the Black Galaxy and Absolute Black granite varieties, as well as an exporter of granite to international markets. In addition to granite, Midwest has recently entered the quartz processing and heavy weight mineral sand markets, in line with growth sectors in solar glass,...Read More
Founded in 1981 and located in Hyderabad, Midwest Ltd. is a vertically integrated minerals and materials business that mines and processes dimensional stones, quartz, and advanced mineral products. Midwest is one of India\'s largest producers of high-end black granite, notably the Black Galaxy and Absolute Black granite varieties, as well as an exporter of granite to international markets. In addition to granite, Midwest has recently entered the quartz processing and heavy weight mineral sand markets, in line with growth sectors in solar glass, engineered stone, and other specialty minerals. Additionally, Midwest manufactures precision diamond wire tools used in the cutting of high value stones. Midwest is committed to a combination of traditional mining and modernized, sustainable approaches to mining and invests significantly in R&D, electric vehicles, and sustainable mining practices. Midwest’s environmental, social, and governance (ESG) investments look to reduce resource consumption, leverage renewable sources of energy, and contribute towards the sustainable development of its local mining communities. Midwest has a significant global presence and has commenced a strategy to become a leading global materials player, providing materials for construction, infrastructure, renewables, and industrial applications. ...Read Less
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Market Cap ₹5593 Cr.
Stock P/E 42
P/B 6.4
Current Price ₹1546.8
Book Value ₹ 240.4
Face Value 5
52W High ₹1856.6
Dividend Yield 0%
52W Low ₹ 1048.7
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2024 | Sep 2025 |
|---|---|---|
| Net Sales | 141 | 159 |
| Other Income | 4 | 2 |
| Total Income | 145 | 161 |
| Total Expenditure | 113 | 116 |
| Operating Profit | 32 | 45 |
| Interest | 0 | 0 |
| Depreciation | 6 | 7 |
| Exceptional Income / Expenses | 0 | 0 |
| Profit Before Tax | 27 | 38 |
| Provision for Tax | 11 | 10 |
| Profit After Tax | 15 | 28 |
| Adjustments | -1 | 0 |
| Profit After Adjustments | 15 | 28 |
| Adjusted Earnings Per Share | 4.4 | 8.2 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 525 | 503 | 586 | 626 | 300 |
| Other Income | 14 | 20 | 18 | 17 | 6 |
| Total Income | 539 | 522 | 603 | 643 | 306 |
| Total Expenditure | 419 | 412 | 434 | 454 | 229 |
| Operating Profit | 121 | 110 | 170 | 189 | 77 |
| Interest | 10 | 10 | 10 | 11 | 0 |
| Depreciation | 18 | 22 | 22 | 26 | 13 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 26 | 0 |
| Profit Before Tax | 93 | 79 | 138 | 178 | 65 |
| Provision for Tax | 26 | 24 | 37 | 45 | 21 |
| Profit After Tax | 67 | 54 | 100 | 133 | 43 |
| Adjustments | -3 | -0 | -4 | -11 | -1 |
| Profit After Adjustments | 64 | 54 | 97 | 122 | 43 |
| Adjusted Earnings Per Share | 18.9 | 16 | 28.5 | 36.2 | 12.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 7% | 6% | 0% | 0% |
| Operating Profit CAGR | 11% | 16% | 0% | 0% |
| PAT CAGR | 33% | 26% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 27% | 23% | 23% | 23% |
| ROCE Average | 28% | 25% | 26% | 26% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 346 | 410 | 495 | 619 |
| Minority's Interest | 6 | 2 | 5 | 13 |
| Borrowings | 54 | 61 | 57 | 138 |
| Other Non-Current Liabilities | 3 | 4 | 22 | 18 |
| Total Current Liabilities | 207 | 196 | 176 | 263 |
| Total Liabilities | 616 | 673 | 754 | 1051 |
| Fixed Assets | 232 | 255 | 254 | 307 |
| Other Non-Current Assets | 157 | 168 | 207 | 322 |
| Total Current Assets | 227 | 250 | 293 | 423 |
| Total Assets | 616 | 673 | 754 | 1051 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 5 | 36 | 11 | 25 |
| Cash Flow from Operating Activities | 143 | -52 | 128 | 87 |
| Cash Flow from Investing Activities | -99 | -17 | -64 | -201 |
| Cash Flow from Financing Activities | -14 | 45 | -50 | 102 |
| Net Cash Inflow / Outflow | 31 | -25 | 14 | -11 |
| Closing Cash & Cash Equivalent | 36 | 11 | 25 | 14 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 18.87 | 16 | 28.55 | 36.2 |
| CEPS(Rs) | 0 | 0 | 36.23 | 46.99 |
| DPS(Rs) | 0 | 3.96 | 0 | 0 |
| Book NAV/Share(Rs) | 84.91 | 103.11 | 128.81 | 165.69 |
| Core EBITDA Margin(%) | 20.3 | 17.93 | 25.94 | 27.51 |
| EBIT Margin(%) | 19.66 | 17.57 | 25.17 | 30.25 |
| Pre Tax Margin(%) | 17.76 | 15.66 | 23.53 | 28.43 |
| PAT Margin (%) | 12.77 | 10.83 | 17.13 | 21.29 |
| Cash Profit Margin (%) | 16.13 | 15.12 | 20.92 | 25.37 |
| ROA(%) | 10.88 | 8.44 | 14.07 | 14.77 |
| ROE(%) | 23.37 | 17.13 | 25.59 | 26.77 |
| ROCE(%) | 26.82 | 19.92 | 27.75 | 27.81 |
| Receivable days | 28.94 | 50.08 | 67.1 | 104.64 |
| Inventory Days | 35.43 | 39.37 | 29.49 | 18.89 |
| Payable days | 326.53 | 6990.81 | 235.76 | 527.23 |
| PER(x) | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.06 | 0.27 | 0.17 | 0.38 |
| EV/Core EBITDA(x) | 0.27 | 1.24 | 0.6 | 1.25 |
| Net Sales Growth(%) | 0 | -4.33 | 16.54 | 6.93 |
| EBIT Growth(%) | 0 | -14.48 | 66.94 | 28.5 |
| PAT Growth(%) | 0 | -18.86 | 84.3 | 32.87 |
| EPS Growth(%) | 0 | -15.2 | 78.45 | 26.82 |
| Debt/Equity(x) | 0.33 | 0.43 | 0.28 | 0.42 |
| Current Ratio(x) | 1.1 | 1.28 | 1.66 | 1.6 |
| Quick Ratio(x) | 0.85 | 0.98 | 1.45 | 1.5 |
| Interest Cover(x) | 10.37 | 9.19 | 15.34 | 16.58 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 |
| # | Sep 2025 | Oct 2025 | Dec 2025 |
|---|---|---|---|
| Promoter | 77.13 | 77.13 | 77.13 |
| FII | 2.11 | 2.11 | 4.7 |
| DII | 12.51 | 12.51 | 13.71 |
| Public | 8.26 | 8.26 | 4.46 |
| Others | 0 | 0 | 0 |
| Total | 100 | 100 | 100 |
| # | Sep 2025 | Oct 2025 | Dec 2025 |
|---|---|---|---|
| Promoter | 2.79 | 2.79 | 2.79 |
| FII | 0.08 | 0.08 | 0.17 |
| DII | 0.45 | 0.45 | 0.5 |
| Public | 0.3 | 0.3 | 0.16 |
| Others | 0 | 0 | 0 |
| Total | 3.62 | 3.62 | 3.62 |
* The pros and cons are machine generated.
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