MI
Midwest Ltd (MIDWESTLTD)
₹1,063.35
Mkt cap
₹3,995 Cr
P/E ratio
36.00
P/B
4.00
Div yield
0.00%
ROE
13.60%
ROCE
15.80%
EPS (TTM)
₹29.54
Book value
₹266
52W range
860–1,860
Sector
Consumer Discretionary
Price history
Previous close
Incorporated in 1981, Midwest Ltd is engaged in the business of exploration, mining, processing, marketing, distribution, and export of natural stones. [1]
NSE MIDWESTLTDBSE 544587
Health check
Cautious
ValuationFair
ProfitabilityAverage
GrowthModerate
TechnicalsBearish
52-week range
−42.83% from high₹1,063
₹860+23.65% from low₹1,860
Current
₹1,063.35
Prev close
₹1,104.75
Day
−3.75%
Price performance
1D
−4.46%
1W
−2.80%
1M
+20.35%
3M
−12.23%
6M
−15.45%
1Y
—
YTD
−37.87%
Financials
Revenue, profit & margin
P/E ratio
36.0×
MIDWESTLTD is 24% above the sector median of 29.0×
MIDWESTLTD36.0×
Sector median29.0×
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 141 | 117 | 230 | 142 | 159 | 129 | 216 | 192 | |
| Expenses | 111 | 94 | 156 | 103 | 112 | 98 | 157 | 143 | |
| Operating Profit | 31 | 23 | 75 | 39 | 47 | 31 | 58 | 49 | |
| OPM % | 22% | 20% | 32% | 27% | 29% | 24% | 27% | 25% | |
| Other Income | 4 | 6 | 2 | 4 | 2 | 5 | 3 | 6 | |
| Interest | 2 | 3 | 3 | 4 | 4 | 5 | 2 | 4 | |
| Depreciation | 6 | 6 | 8 | 7 | 7 | 9 | 8 | 9 | |
| Profit before tax | 27 | 20 | 66 | 33 | 38 | 22 | 51 | 42 | |
| Tax % | 42% | 28% | 26% | 26% | 26% | 23% | 27% | 26% | |
| Net Profit | 15 | 15 | 48 | 24 | 28 | 17 | 37 | 31 | |
| EPS in Rs | 4.40 | 4.18 | 13.95 | 6.86 | 8.22 | 5.06 | 9.83 | 8.13 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −5.26% · closed higher next day 0 of last 1
| Q1FY27 | |
|---|---|
| Broadcast | 12 Aug '26 |
| Earnings day | −5.26% |
| +1 day | −3.88% |
| +5 days | −2.05% |
| +15 days | −11.69% |
| +30 days | −19.72% |
| Filing | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Results analysis
Shareholding
as of Sep 202677.12%Promoter
Promoters77.12%
FIIs3.84%0.04
DIIs14.23%0.23
Public4.70%0.26
Government0.11%
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Midwest | ₹1,104.75 | 35.97 | 3,995 | 0.00% | 31 | +26.67% | 192 | +34.84% | 15.84% |
| Pokarna | ₹675.15 | 22.05 | 2,093 | 0.09% | 43 | +50.58% | 189 | +10.79% | 11.48% |
| Esprit Stones | ₹62.00 | — | 136 | 0.00% | −1 | −113.47% | 73 | −54.33% | −0.25% |
| Global Surfaces | ₹24.99 | — | 106 | 0.00% | 0 | +134.88% | 65 | −12.19% | −1.69% |
| Pacific Inds | ₹142.00 | 35.46 | 98 | 0.00% | 2 | +81.72% | 64 | +28.72% | 1.09% |
| Elegant Marbles | ₹160.00 | 15.24 | 47 | 0.00% | 1 | −42.34% | 7 | +0.29% | 3.77% |
| Royal Cush. Vin. | ₹12.76 | — | 47 | 0.00% | −5 | −1,121.43% | 8 | −34.58% | −0.17% |
| Median: 4 Co. | ₹368.57 | 29.01 | 1,115 | 0.00% | 16 | +38.62% | 131 | −0.70% | 5.62% |
Filings
Annual reports1
Concall transcripts11
Credit ratings6
Announcements5
Board Meeting Outcome for Outcome Of The Board Meeting Held On 15Th October, 2026 15 Oct - Board approved Singapore WOS for overseas mining and investment operations on October 15, 2026.Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Receipt Of Prohibitory Order From The Directorate General Of Mines Safety 7 Oct - DGMS issued prohibitory order on Oct 6, 2026, suspending granite extraction at Chimakurthy mine until danger is removed.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Oct - Certificate under Reg 74(5) of the SEBI (DP) Regulations, 2018, for the Quarter ended September 30, 2026.Announcement under Regulation 30 (LODR)-Change in Management 29 Sep - AGM approved director continuation, designation change, and secretarial auditor appointment for five years.Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 29 Sep