| 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 |
Midwest
Midwest
1,687.20
+61.80
(3.80%)
Market Cap
₹6,101.05 Cr
PE Ratio
44.11
Volume
3,27,855.00
Day High - Low
₹1,701.10 - ₹1,625.00
52W High-Low
₹1,637.80 - ₹1,048.50
Key Fundamentals
Market Cap
6,101.05 Cr
EPS
39.42
PB Ratio
7.26
Book Value
224.09
EBITDA
188.70
Dividend Yield
0.00 %
Industry
Consumer Goods Sector
Granites & Marbles Return on Equity
21.08
Debt to Equity
0.36
Actual
Company News
View All News
Midwest Limited Share Transfer via Gift Deed
10 days ago
10 days agoKollareddy Ranganayakamma to acquire 14,08,851 equity shares (3.90%) from promoter Rama Raghava Reddy Kollareddy through inter-se transfer by gift on December 22, 2025.
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.
Midwest Limited Reports Strong H1 FY26 Performance with 8% Revenue Growth and New Quartz Plant CommissioningNov 14, 2025
Nov 14, 2025Midwest 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.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
1,687.20 | #1 6,101.05 | #6 44.11 | #2 643.10 | #6 6.60 | #2 133 | #1 346.77 | 68.40 | |
824.50 | 2,556.28 | 17.95 | #1 951.30 | 36.07 | #1 187 | -86.00 | 42.18 | |
106.13 | 449.80 | -17.38 | 214.90 | -6.16 | -29 | 25.81 | 37.33 | |
54.25 | 119.05 | 7.26 | 324.00 | 17.90 | 17 | - | 27.00 | |
159.50 | 109.90 | 22.94 | 257.10 | 24.38 | 8 | -86.96 | 39.78 | |
17.99 | 65.81 | 215.33 | 74.30 | 11.23 | 2 | -188.89 | 31.95 | |
8.45 | 62.11 | #1 5.88 | 21.80 | #1 296.36 | 9 | 90.91 | 44.53 | |
205.00 | 60.73 | 20.05 | 31.10 | -15.49 | 5 | -52.00 | 35.60 | |
31.38 | 48.01 | -20.13 | 132.70 | -14.66 | -6 | 65.28 | 48.72 | |
41.49 | 37.12 | -41.63 | 34.00 | -22.02 | -2 | -33.33 | 47.83 |
Growth Rate
Revenue Growth
6.60 %
Net Income Growth
32.90 %
Cash Flow Change
-31.74 %
ROE
4.88 %
ROCE
-5.53 %
EBITDA Margin (Avg.)
4.67 %
Quarterly Financial Results
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 | NA | 12 Nov 2025 | 1,117.20 | 1,106.00 |
Announcements
Closure of Trading Window5 hours ago
5 hours agoDisclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations 201110 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 26, 2025
Nov 26, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 19, 2025
Nov 19, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 13, 2025
Nov 13, 2025Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30 2025.Nov 13, 2025
Nov 13, 2025Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30 2025Nov 12, 2025
Nov 12, 2025Board Meeting Outcome for Approval Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30 2025.Nov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Credit RatingNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 08, 2025
Nov 08, 2025Board 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
Nov 05, 2025Announcement under Regulation 30 (LODR)-Credit RatingNov 05, 2025
Nov 05, 2025Intimation Under Regulation 8(2) Of The SEBI (Prohibition Of Insider Trading) Regulations 2015Oct 24, 2025
Oct 24, 2025Disclosure Under Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Oct 24, 2025
Oct 24, 2025Closure of Trading WindowOct 24, 2025
Oct 24, 2025Listing of Equity Shares of Midwest LtdOct 24, 2025
Oct 24, 2025Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 Axis Multi Asset Allocation Direct Plan -Growth | 0.33% | 34729 | 0.28% | 0.33% | |
 ITI Multi Cap Fund Direct - Growth | 1.15% | 30538 | 0.46% | 1.15% | |
| ITI Mid Cap Fund Direct - Growth | 1.53% | 22374 | 0.46% | 1.53% | |
 Kotak Equity Savings Fund Direct-Growth | 0.00% | -13011 | -0.02% | 0.00% | |
| Axis Small Cap Fund Direct-Growth | 0.19% | -1 | 0.04% | 0.19% | |
 Edelweiss Recently Listed IPO Fund Direct-Growth | 1.41% | 0 | 0.27% | 1.41% | |
| Kotak Consumption Fund Direct - Growth | 3.52% | 0 | 0.56% | 3.52% | |
| Kotak ELSS Tax Saver Fund Direct-Growth | 0.80% | 0 | 0.15% | 0.80% | |
| Kotak MNC Fund Direct-Growth | 1.48% | 0 | 0.33% | 1.48% | |
| Kotak Special Opportunities Fund Direct-Growth | 3.87% | 0 | 0.92% | 3.87% |
Technical Indicators
RSI(14)
Neutral 65.53
ATR(14)
Less Volatile 84.71
STOCH(9,6)
Neutral 66.76
STOCH RSI(14)
Neutral 50.34
MACD(12,26)
Bullish 11.77
ADX(14)
Strong Trend 40.54
UO(9)
Bearish 52.95
ROC(12)
Uptrend And Accelerating 15.66
WillR(14)
Overbought -4.71
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