Midwest

Midwest

1,172.40
+44.50
(3.95%)
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Key Fundamentals
Add Ratio
Market Cap
4,239.50 Cr
EPS
39.42
PE Ratio
31.80
Dividend Yield
0.00 %
Industry
-
52 Week High
1,190.00
52 Week Low
1,048.50
PB Ratio
5.23
Debt to Equity
0.36
Sector
-
Forecast For
Actual

Company News

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Caret
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.
positive
CRISIL Upgrades Credit Rating of Midwest Limited's Subsidiary Andhra Pradesh Granite3 days ago
CRISIL Ratings upgraded the credit rating of Andhra Pradesh Granite (Midwest) Private Limited, a subsidiary of Midwest Limited. The long-term rating was upgraded to CRISIL A-/Stable from CRISIL BBB+/Positive, while the short-term rating improved to CRISIL A2+ from CRISIL A2. Total bank loan facilities rated amount to Rs. 73.21 crores. The upgrade reflects strong support from the parent company, extensive promoter experience in the granite industry, healthy business performance, and strong financial risk profile. The company reported revenue of Rs. 256.84 crores with operating margins above 25%. However, the business faces challenges including product concentration risk as Black Galaxy granite is the sole revenue contributor, intense competition from alternative products, and vulnerability to foreign exchange fluctuations.
Growth Rate
Revenue Growth
6.60 %
Net Income Growth
32.90 %
Cash Flow Change
-31.74 %
ROE
4.88 %
ROCE
-6.09 %
EBITDA Margin (Avg.)
4.67 %

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
757
1,059
Fixed Assets
207
232
255
254
307
Current Assets
163
211
232
296
423
Capital Work in Progress
92
103
105
119
226
Investments
1
11
20
38
20
Other Assets
203
257
275
347
506
Total Liabilities
502
604
656
757
1,059
Current Liabilities
158
190
176
176
263
Non Current Liabilities
61
61
68
82
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 2025
Oct 2025
Promoter
77.13 %
77.13 %
FIIs
2.11 %
0.00 %
DIIs
12.51 %
5.61 %
Government
0.00 %
0.00 %
Public / Retail
6.57 %
6.57 %
Others
1.68 %
10.69 %
No of Share Holders
1,09,175
1,09,175

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

Mutual Fund Holdings

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

Technical Indicators

RSI(14)
Neutral
54.36
ATR(14)
Less Volatile
45.14
STOCH(9,6)
Oversold
0.00
STOCH RSI(14)
Oversold
0.00
MACD(12,26)
Bearish
0.00
ADX(14)
Weak Trend
0.00
UO(9)
Bullish
0.00
ROC(12)
Uptrend And Accelerating
10.49
WillR(14)
Overbought
-8.56