Skip to content
MG

Midwest Gold

Midwest Energy Ltd

526570 BSE
₹242.00 −4.30 (−1.75%)
P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 3 Nov 2026 ₹246.30 −153.75 −38.4% since 10 Jul 2026
Start ₹400.05

Key Fundamentals

MicrocapConstruction MaterialsConstruction

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
−2.53%
Debt to Equity
0.75
EPS (TTM)
−₹0.91
Book Value
₹31.52
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
7.68
ROE
−5.75%
Dividend Yield
0.00%
EBITDA
−₹8.10 Cr
52W High
₹5,900.00
52W Low
₹234.00
Day Range
₹234.00 – ₹247.90
Volume
3,10,002

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

34 Poor

Data confidence 86/100

Category scores

Quality
10
Poor
Returns, margins, earnings quality 22% weight
Valuation
13
Poor
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
38
Weak
Solvency, leverage, coverage 9% weight
Momentum
3
Poor
Trend strength, vol-adjusted 12% weight
Ownership
60
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

5
  • Stock is trading at 11.6 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 299 days.
  • Promoter holding has decreased over last 3 years: -13.6%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish793
OscillatorsBullish153
Moving AveragesStrong Bearish640

Key readings

RSI (14)
30.53
Neutral
MACD (12,26,9)
−21.94
Bullish
SMA (50)
333.23
Bearish
SMA (200)
—
Neutral

As of

Growth Rate

From the financial statements below. 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
1Y+800.00%

Net profit

Net profit growth by window
1YLoss widened by ₹7 Cr

Operating cash flow

Operating cash flow growth by window
1YOutflow narrowed by ₹19 Cr

Operating margin· change in pp

Operating margin growth by window
1Y+288.89 pp

Trailing twelve months: Fewer than eight quarters are reported, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2025₹1.00 Cr
Mar 2026₹9.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2025−₹7.00 Cr
Mar 2026−₹14.00 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Midwest Energy Ltd (Construction sector) has a market cap of ₹4,863 Cr with explosive TTM sales growth of 1,010% and a stock CAGR of 169% over 1 year, but the company is currently loss-making with a negative PE of -354.2 and last year ROE of -6%, indicating profitability challenges despite rapid revenue expansion.

Bull Case 7
  • TTM revenue growth of 1,010% indicates a massive ramp-up in top-line business activity
  • 1-year stock CAGR of 169% reflects significant market re-rating and investor interest
  • 3-year stock CAGR of 388% demonstrates sustained long-term price momentum
  • 5-year stock CAGR of 196% shows the company has delivered multi-bagger returns over a longer horizon
  • Market cap of ₹4,863 Cr suggests the company has achieved meaningful scale in the construction sector
  • Zero dividend yield indicates the company is retaining all earnings for reinvestment and growth
  • Explosive sales growth at TTM 1,010% could translate into operating leverage and profitability once the business matures
Bear Case 8
  • Negative PE ratio of -354.2 confirms the company is currently loss-making at the net profit level
  • TTM compounded profit growth of -153% shows profitability is deteriorating sharply even as revenues surge
  • High debtor days of 299 indicates severe working capital stress and potential collection risk
  • Promoter holding has declined by 13.6% over 3 years, signaling reduced insider confidence
  • Price-to-book ratio of 11.95x (trading at 12.3x book value) is extremely elevated for a construction sector company
  • Low interest coverage ratio suggests debt servicing ability is under pressure
  • Company might be capitalizing interest costs, which could overstate asset values and understate true losses
  • Last year ROE of -6% confirms the company is destroying shareholder value on an equity return basis

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Midwest Energy underwent a significant board and management overhaul on July 28, with multiple resignations and fresh appointments. No immediate operational or financial impact is evident, but the related-party transaction requiring shareholder approval warrants monitoring. The governance reset could signal either instability or a strategic refresh, and clarity will depend on how the new leadership executes going forward.

Neutral 1
  • Board reshuffle and CFO change Jul 28

    Four directors and CFO resigned on July 28, 2026, with new appointments including a seasoned banker as independent director and a new CFO. A related-party consultancy deal with former WTD Deepak Kukreti requires shareholder approval via postal ballot.

Quarterly Results

₹ Cr
526570 quarterly results, ₹ crore
Particulars Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0.49
1.2
1.2
5.76
6.24
Expenses
3.21
3.24
3.22
8.98
6.7
Operating Profit
−2.72
−2.04
−2.02
−3.22
−0.46
OPM %
−555.1%
−170%
−168.33%
−55.9%
−7.37%
Other Income
0.3
0.21
0.23
1.13
1.67
Interest
0.66
0.84
0.59
0.5
1.29
Depreciation
0.7
0.85
0.87
0.86
0.94
PBT
−3.78
−3.52
−3.25
−3.45
−1.02
Tax %
0%
0%
0%
0%
0%
Net Profit
−3.78
−3.53
−3.25
−3.45
−1.02
EPS (₹)
−0.31
−0.29
−0.27
−0.27
−0.08

Profit & Loss

₹ Cr
526570 profit and loss, annual, ₹ crore
Particulars Mar 2025Mar 2026TTM
Sales
1
9
14
Expenses
5
19
22
Operating Profit
−4
−10
−8
OPM %
−533%
−114%
−54%
Other Income
0
2
3
Interest
2
3
3
Depreciation
1
3
4
PBT
−7
−14
−11
Tax %
0%
0%
—
Net Profit
−7
−14
−11
EPS (₹)
−0.62
−1.09
−0.91
Div. Payout %
0%
0%
—

Balance Sheet

₹ Cr
526570 balance sheet, annual, ₹ crore
Particulars Mar 2025Mar 2026
Equity Capital
11
13
Reserves
75
388
Borrowings
106
302
Other Liabilities
10
12
Total Liabilities
202
714
Fixed Assets
28
115
CWIP
76
189
Investments
0
2
Other Assets
98
408
Total Assets
202
714

Cash Flow

₹ Cr
526570 cash flow, annual, ₹ crore
Particulars Mar 2025Mar 2026
Operating
−33
−14
Investing
−84
−416
Financing
156
517
Net Cash Flow
39
87
Free Cash Flow
−116
−210
CFO/OP
798
132

Ratios

526570 financial ratios, annual
Particulars Mar 2025Mar 2026
Debtor Days
295
299
Inventory Days
879
2,468
Days Payable
128
72
Cash Conversion Cycle
1,045
2,694
Working Capital Days
−702
−3,283
ROCE %
—
−3%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Midwest Gold insights

58 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Jun 2026

  • Promoters 58.45%
  • Public 21.96%
  • FIIs 12.63%
  • Others 5.38%
  • DIIs 1.58%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Midwest Gold

What does Midwest Energy Ltd do?
Incorporated in 1990, Midwest Gold Ltd processing and trading business of Granite, Marble and other natural stone
Where is Midwest Energy Ltd (REMAGNET) listed?
Midwest Energy Ltd trades under code 526570 on the BSE.
Which sector does Midwest Energy Ltd belong to?
Midwest Energy Ltd is classified under the Commodities sector, in the Other Construction Materials industry.
What is the 52-week high and low of Midwest Energy Ltd?
Over the last 52 weeks Midwest Energy Ltd has traded between ₹234 and ₹5,900 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Midwest Energy Ltd?
Midwest Energy Ltd reported a return on equity of -5.75%. Its debt-to-equity ratio is 0.75.

Company Information

Incorporated in 1990, Midwest Gold Ltd processing and trading business of Granite, Marble and other natural stone

Face Value ₹1

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/526570.md for Midwest Energy Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More