Midwest
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Midwest

1,431.60
-61.50
(-4.12%)
Market Cap
₹- Cr
PE Ratio
-
Volume
1,54,678.00
Day High - Low
₹1,496.60 - ₹1,424.10
52W High-Low
₹1,579.70 - ₹1,048.50
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Key Fundamentals
Add Ratio
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Market Cap
- Cr
EPS
-
PB Ratio
-
Book Value
224.09
EBITDA
-
Dividend Yield
- %
ROE Growth %
-
Debt to Equity
-
Forecast For
Actual

Company News

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Caret
positive
Midwest Limited Reports Strong Q2 FY26 Results with 52% EBITDA Growth in Maiden Earnings CallNov 19, 2025
Midwest Limited delivered exceptional quarterly performance with EBITDA growing 52% and PAT increasing 80% year-on-year, driven by improved capacity utilization and operational efficiencies that pushed EBITDA margins above 29%. The company, India's largest producer of Black Galaxy granite, successfully raised INR 250 crores through IPO for Phase 2 quartz facility expansion and is diversifying into heavy mineral sands and rare earth materials with operations expected by FY2027.
positive
Midwest Limited achieved significant growth with revenue, EBITDA, and PAT increasing by 8%, 16%, and 17% respectively in H1 FY26, while commissioning Phase I of its 303,600 MTPA quartz processing plant in September 2025. The company, India's largest Black Galaxy granite producer, also secured four exploration licenses in Sri Lanka for heavy mineral sands and rare earth minerals, strengthening its diversification strategy.
positive
Midwest delivered robust quarterly results with EBITDA rising to 430 million rupees from 283 million rupees year-over-year. The company's EBITDA margin expanded significantly to 27.10% compared to 20.04% in the same period last year. Consolidated net profit nearly doubled to 278 million rupees from 149 million rupees year-over-year. Revenue grew to 1.6 billion rupees from 1.4 billion rupees in the corresponding quarter of the previous year.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
1,431.60
-
#1 -
-
-
-
-
63.03
30.55
-
#1 -
-
-
-
-
35.25
41.82
-
#1 -
-
-
-
-
47.23
841.00
-
#1 -
-
-
-
-
40.38
174.75
-
#1 -
-
-
-
-
51.82
20.78
-
#1 -
-
-
-
-
49.32
63.85
-
#1 -
-
-
-
-
43.05
114.98
-
#1 -
-
-
-
-
43.81
8.00
-
#1 -
-
-
-
-
22.83
217.50
-
#1 -
-
-
-
-
43.23

Automatic Screeners on ScanX

Growth Rate
Revenue Growth
-
Net Income Growth
-
Cash Flow Change
-
ROE
-
ROCE
-
EBITDA Margin (Avg.)
-

Quarterly Financial Results

Quarterly Financials
Jun 2024
Sept 2024
Jun 2025
Sept 2025
Revenue
168
146
147
161
Expenses
95
111
103
112
EBITDA
74
35
43
49
Operating Profit %
31 %
22 %
27 %
29 %
Depreciation
6
6
7
7
Interest
3
2
4
4
Profit Before Tax
66
27
33
38
Tax
11
11
9
10
Net Profit
55
15
24
28
EPS in ₹
13.67
4.56
7.21
8.19

Balance Sheet

Balance Sheet
2021
2022
2023
2024
2025
Total Assets
502
604
656
760
1,059
Fixed Assets
207
232
255
254
307
Current Assets
163
211
232
293
423
Capital Work in Progress
92
103
105
119
226
Investments
1
11
20
38
20
Other Assets
203
257
275
350
506
Total Liabilities
502
604
656
760
1,059
Current Liabilities
158
190
176
176
263
Non Current Liabilities
61
61
68
85
163
Total Equity
283
352
412
499
632
Reserve & Surplus
276
343
405
480
598
Share Capital
1
1
1
10
17

Cash Flow

Cash Flow
2021
2022
2023
2024
2025
Net Cash Flow
-0
31
-25
14
-11
Investing Activities
-40
-99
-18
-64
-201
Operating Activities
67
143
-52
128
87
Financing Activities
-27
-14
45
-50
103

Share Holding

% Holding
Sept 2024
Sept 2025
Oct 2025
Promoter
95.83 %
77.13 %
88.07 %
FIIs
0.00 %
2.11 %
0.00 %
DIIs
0.00 %
12.51 %
0.00 %
Government
0.00 %
0.00 %
0.00 %
Public / Retail
0.00 %
6.57 %
0.00 %
Others
4.17 %
1.68 %
11.93 %
No of Share Holders
8
1,09,175
8

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
12 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
12 Nov 2025 1,117.20 1,106.00

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation9 days ago
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 19, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 14, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationNov 14, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 13, 2025
Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30 2025.Nov 13, 2025
Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30 2025Nov 12, 2025
Board Meeting Outcome for Approval Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30 2025.Nov 12, 2025
Announcement under Regulation 30 (LODR)-Credit RatingNov 12, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 08, 2025
Board Meeting Intimation for Consideration And Approval Of The Un-Audited (Standalone And Consolidated) Financial Results For The Quarter And Half Year Ended September 30 2025.Nov 05, 2025
Announcement under Regulation 30 (LODR)-Credit RatingNov 05, 2025
Intimation Under Regulation 8(2) Of The SEBI (Prohibition Of Insider Trading) Regulations 2015Oct 24, 2025
Disclosure Under Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Oct 24, 2025
Closure of Trading WindowOct 24, 2025
Listing of Equity Shares of Midwest LtdOct 24, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Kotak Special Opportunities Fund Direct-Growth
0.00%
-487793
-2.95%
0.00%
Kotak Consumption Fund Direct - Growth
0.00%
-448373
-2.96%
0.00%
Kotak ELSS Tax Saver Fund Direct-Growth
0.00%
-388016
-0.65%
0.00%
Axis Small Cap Fund Direct-Growth
0.00%
-359459
-0.15%
0.00%
Kotak MNC Fund Direct-Growth
0.00%
-234742
-1.15%
0.00%
ITI Mid Cap Fund Direct - Growth
0.00%
-120167
-1.07%
0.00%
Edelweiss Recently Listed IPO Fund Direct-Growth
0.00%
-95589
-1.14%
0.00%
ITI Multi Cap Fund Direct - Growth
0.00%
-79913
-0.69%
0.00%
Kotak Equity Savings Fund Direct-Growth
0.00%
-13011
-0.02%
0.00%
Axis Multi Asset Allocation Direct Plan -Growth
0.00%
-7458
-0.05%
0.00%

Technical Indicators

RSI(14)
Neutral
63.03
ATR(14)
Less Volatile
75.00
STOCH(9,6)
Neutral
76.08
STOCH RSI(14)
Neutral
77.42
MACD(12,26)
Bearish
0.00
ADX(14)
Strong Trend
31.96
UO(9)
Bearish
57.84
ROC(12)
Uptrend And Accelerating
18.34
WillR(14)
Neutral
-36.02