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Midwest Ltd

Midwest Ltd

MIDWESTLTD Share Price

NSE
1,206.602.70% (-33.50)
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With a market cap of ₹4,363 cr, stock is ranked 888

Stock is 4.05x as volatile as Nifty

MIDWESTLTD Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹4,363 cr, stock is ranked 888

Stock is 4.05x as volatile as Nifty

MIDWESTLTD Performance & Key Metrics

MIDWESTLTD Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
41.616.90
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
44.546.260.60%

MIDWESTLTD Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 1 analyst

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

MIDWESTLTD Company Profile

Midwest Limited engages in exploration, mining, processing and export of natural stones including dimensional granite varieties like Black Galaxy and Absolute Black, and manufactures diamond wires for cutting hard materials in India.

Investor Presentation

View older View older 

May 27, 2026

PDF
View Older Presentations

MIDWESTLTD Similar Stocks (Peers)

Compare with peers Compare with peers 

MIDWESTLTD Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
31.07
31.07
1Y Return
22.42%
22.42%
Buy Reco %
0.00
0.00
PE Ratio
81.85
81.85
1Y Return
2.11%
2.11%
Buy Reco %
0.00
0.00
PE Ratio
-367.70
-367.70
1Y Return
23.31%
23.31%
Buy Reco %
0.00
0.00
PE Ratio
-404.57
-404.57
1Y Return
350.56%
350.56%
PE Ratio
6.34
6.34
1Y Return
57.74%
57.74%
Buy Reco %
0.00
0.00
Compare with Peers

MIDWESTLTD Sentiment Analysis

MIDWESTLTD Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

MIDWESTLTD Stock Summary · May 2026

Strong results tempered by transitional investment and logistics disruption: consolidated Q4 revenue was INR 215 crore and full‑year revenue INR 645 crore, with sequential margin improvement but slight year‑on‑year compression as management balances near‑term costs against multi‑year growth builds. Management spoke in a measured, execution‑focused tone, prioritizing organic granite expansion (targeting 10%–12% annual growth), disciplined capex for the quartz second plant (INR 125–130 crore) and high‑purity quartz and rare‑earth pilots, while highlighting balance‑sheet repair that cut debt by ~INR 50 crore and working‑capital days from 122 to 104. They acknowledged tensions: quartz transitional costs (~INR 6+ crore), early depreciation and finance charges, a logistics shock that cost roughly INR 25 crore of revenue, and fuel‑driven energy inflation of ~4%–5%; mitigation includes renewables, fleet electrification and a 4% price increase. Near term, the company expects the first quartz plant to run at ~60% of practical capacity (~150,000 t) this year, the second plant to be commissioned in Q4 with contribution in Q1 next fiscal, and a KMML pilot to inform commercialization timing.

MIDWESTLTD Stock Growth Drivers
MIDWESTLTD Stock Growth Drivers
5
  • New Galaxy Quarry — immediate production and export diversification

    The company secured a 30‑year Galaxy mining lease that has already entered production and contributed

  • Granite segment resilience, margin stability and clear growth trajectory

    Granite remains the primary revenue driver with full‑year granite revenue rising to INR 645 crore

MIDWESTLTD Stock Challenges
MIDWESTLTD Stock Challenges
5
  • Quartz operational underperformance and margin drag

    The newly commissioned quartz business delivered materially below expectations, with initial process glitches in the

  • War-driven logistics disruption causing lost shipments and revenue

    A late‑March, war-related freight shock reduced vessel availability and spiked logistics costs, preventing shipment of

MIDWESTLTD Forecast

MIDWESTLTD Forecasts

Price

Revenue

Earnings

MIDWESTLTD

MIDWESTLTD

Income

Balance Sheet

Cash Flow

MIDWESTLTD Income Statement

MIDWESTLTD Income Statement

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Quarterjun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026
Total Revenue168.21145.44122.96232.31146.47160.75134.12218.44
Operating & Other expensessubtract94.55110.5793.74155.53103.30112.1698.31157.48
Depreciation/Amortizationsubtract5.655.796.347.816.607.408.628.40
Interest & Other Itemssubtract2.492.382.803.273.703.554.691.84
Taxes & Other Itemssubtract19.3111.845.9418.529.659.874.1815.17
EPS13.674.564.2914.337.218.194.8710.24

MIDWESTLTD Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

May 27PDF
Feb 12PDF
Nov 14PDF
 

MIDWESTLTD Stock Peers

MIDWESTLTD Past Performance & Peer Comparison

MIDWESTLTD Past Performance & Peer Comparison

Comparing 3 stocks from 
IndustrialsBuilding Products - Granite

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Midwest Ltd41.626.90
Responsive Industries Ltd31.073.430.06%
Asian Granito India Ltd81.851.24
Bigbloc Construction Ltd-367.704.36

MIDWESTLTD Stock Price Comparison

Compare MIDWESTLTD with any stock or ETF
Compare MIDWESTLTD with any stock or ETF
MIDWESTLTD
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MIDWESTLTD Holdings

MIDWESTLTD Shareholdings

MIDWESTLTD Promoter Holdings Trend

MIDWESTLTD Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

MIDWESTLTD Institutional Holdings Trend

MIDWESTLTD Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

MIDWESTLTD Shareholding Pattern

MIDWESTLTD Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding77.12%7.07%7.49%3.88%4.44%

Oct 2025

Dec 2025

Mar 2026

Jun 2026

MIDWESTLTD Shareholding History

MIDWESTLTD Shareholding History

SepSepOctDec '25MarJun0.00%2.11%2.11%4.70%4.38%3.88%

Mutual Funds Invested in MIDWESTLTD

Mutual Funds Invested in MIDWESTLTD

No mutual funds holding trends are available

Top 5 Mutual Funds holding Midwest Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.5813%0.24%0.07%139/149 (-2)
1.2195%3.28%-0.08%10/54 (-1)
1.1779%3.71%-0.30%7/39 (+1)

Compare 3-month MF holding change on Screener

MIDWESTLTD Insider Trades & Bulk Stock Deals

MIDWESTLTD Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing MIDWESTLTD stock

smallcases containing MIDWESTLTD stock

Looks like this stock is not in any smallcase yet.

MIDWESTLTD Events

MIDWESTLTD Events

MIDWESTLTD Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

MIDWESTLTD has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

MIDWESTLTD Dividend Trend

No Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

MIDWESTLTD has not given any dividends in last 5 years

MIDWESTLTD Dividends

MIDWESTLTD Dividends

Hmm, looks like data is unavailable here. Please come back after some time

MIDWESTLTD Stock News & Opinions

MIDWESTLTD Stock News & Opinions

Earnings
Earnings
Midwest consolidated net profit declines 24.63% in the March 2026 quarter

Net profit of Midwest declined 24.63% to Rs 35.56 crore in the quarter ended March 2026 as against Rs 47.18 crore during the previous quarter ended March 2025. Sales declined 6.25% to Rs 215.81 crore in the quarter ended March 2026 as against Rs 230.19 crore during the previous quarter ended March 2025. For the full year,net profit declined 14.35% to Rs 104.85 crore in the year ended March 2026 as against Rs 122.41 crore during the previous year ended March 2025. Sales rose 3.10% to Rs 645.62 crore in the year ended March 2026 as against Rs 626.18 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales215.81230.19 -6 645.62626.18 3 OPM %27.0332.43 -27.0127.43 - PBDT59.1273.51 -20 174.75177.81 -2 PBT50.7365.70 -23 143.73152.22 -6 NP35.5647.18 -25 104.85122.41 -14 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Corporate
Midwest schedules board meeting

Midwest will hold a meeting of the Board of Directors of the Company on 26 May 2026.

2 months agoCapital Market - Live
Earnings
Earnings
Midwest consolidated net profit rises 29.40% in the December 2025 quarter

Net profit of Midwest rose 29.40% to Rs 18.31 crore in the quarter ended December 2025 as against Rs 14.15 crore during the previous quarter ended December 2024. Sales rose 10.02% to Rs 128.86 crore in the quarter ended December 2025 as against Rs 117.12 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales128.86117.12 10 OPM %23.7019.96 - PBDT31.1226.42 18 PBT22.5020.09 12 NP18.3114.15 29 Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
Corporate
Midwest to declare Quarterly Results

Midwest will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

5 months agoCapital Market - Live
Spotlight
Spotlight
Midwest gains after securing Quarry lease order from AP govt

Under the order, the company has been permitted to undertake quarrying operations for the extraction of coloured quartzite blocks useful for cutting and polishing purpose. The lease cover an area of 21.012 hectares (51.92 acres) located at Hanumanthunipadu Village & Mandal in Prakasam, Andhra Pradesh for a period of 30 years, commencing from 06 January 2026 to 05 January 2056, subject to requisite statutory approvals and compliance with applicable conditions. The estimated available marketable coloured quartzite block in the quarry is 609,620 cubic meters. Midwest (ML) is engaged in the exploration, mining, processing, marketing, distribution, and export of natural stones. The company is a producer and exporter of black galaxy granite, a unique granite variety known for its sparkling golden flakes. On a consolidated basis, Midwest's net profit rose 86.82% to Rs 27.78 crore while net sales rose 12.38% to Rs 158.69 crore in Q2 September 2025 over Q2 September 2024.Powered by Capital Market - Live

6 months agoCapital Market - Live
Spotlight
Spotlight
Midwest climbs after brokerage initiates coverage with buy call

The brokerage highlighted Midwest's position as India's largest producer and exporter of Black Galaxy granite, backed by a vertically integrated model and 20 operating mines. Strong historical performance, with revenue CAGR of over 21% and EBITDA CAGR above 44% over the past five years, underpins the positive view. Looking ahead, revenue and EBITDA are expected to grow at a CAGR of 36% and 47%, respectively, over FY25-28, driven by the Quartz and HMS segments, while adjusted PAT is seen rising at a 56% CAGR. Improving cash flows are also expected to reduce net debt-to-EBITDA below 1x. The target price is based on a valuation of 13x FY28 estimated EV/EBITDA. Midwest (ML) is engaged in the exploration, mining, processing, marketing, distribution, and export of natural stones. The company is a producer and exporter of black galaxy granite, a unique granite variety known for its sparkling golden flakes. On a consolidated basis, Midwest's net profit rose 86.82% to Rs 27.78 crore while net sales rose 12.38% to Rs 158.69 crore in Q2 September 2025 over Q2 September 2024. The stock was listed on the exchanges on 24 October 2025, debuting at Rs 1,165.10, a premium of 9.4% to the issue price of Rs 1,065. The stock is currently up 57.93% over its IPO price and 44.37% over its listing price. Midwest's IPO was subscribed 87.89 times. The issue opened for bidding on 15 October 2025, and closed on 17 October 2025, with a price band of Rs 1,014 to Rs 1,065 per share. Powered by Capital Market - Live

7 months agoCapital Market - Live
Earnings
Earnings
Midwest consolidated net profit rises 86.82% in the September 2025 quarter

Net profit of Midwest rose 86.82% to Rs 27.78 crore in the quarter ended September 2025 as against Rs 14.87 crore during the previous quarter ended September 2024. Sales rose 12.38% to Rs 158.69 crore in the quarter ended September 2025 as against Rs 141.21 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales158.69141.21 12 OPM %29.3221.69 - PBDT45.0432.50 39 PBT37.6426.71 41 NP27.7814.87 87 Powered by Capital Market - Live

8 months agoCapital Market - Live
Corporate
Corporate
Midwest to convene board meeting

Midwest will hold a meeting of the Board of Directors of the Company on 12 November 2025.Powered by Capital Market - Live

8 months agoCapital Market - Live
Corporate
Corporate
Equity Shares of Midwest gets listed

The Equity shares of Midwest are listed and admitted to dealings on the Exchange in the list of ''B'' Group Securities effective from 24th October 2025.Powered by Capital Market - Live

9 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Midwest Ltd (MIDWESTLTD) today?

    The share price of MIDWESTLTD as on 28th July 2026 is ₹1206.60. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Midwest Ltd (MIDWESTLTD) share?

    The past returns of Midwest Ltd (MIDWESTLTD) share are
    • Past 1 week: -5.74%
    • Past 1 month: -6.36%
    • Past 3 months: -5.60%
    • Past 6 months: -11.28%
    • Past 1 year: 5.80%
    • Past 3 years: N/A%
    • Past 5 years: 5.80%

  3. What are the peers or stocks similar to Midwest Ltd (MIDWESTLTD)?
  4. What is the market cap of Midwest Ltd (MIDWESTLTD) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Midwest Ltd (MIDWESTLTD) is ₹4363.16 Cr as of 28th July 2026.

  5. What is the 52 week high and low of Midwest Ltd (MIDWESTLTD) share?

    The 52-week high of Midwest Ltd (MIDWESTLTD) is ₹1859.90 and the 52-week low is ₹1048.50.

  6. What is the PE and PB ratio of Midwest Ltd (MIDWESTLTD) stock?

    The P/E (price-to-earnings) ratio of Midwest Ltd (MIDWESTLTD) is 41.62. The P/B (price-to-book) ratio is 6.90.

  7. Which sector does Midwest Ltd (MIDWESTLTD) belong to?

    Midwest Ltd (MIDWESTLTD) belongs to the Industrials sector & Building Products - Granite sub-sector.

  8. How to buy Midwest Ltd (MIDWESTLTD) shares?

    You can directly buy Midwest Ltd (MIDWESTLTD) shares on Tickertape. Simply sign up, connect your demat account and place your order.