Skip to content
Midwest logo

Midwest

MIDWESTLTD NSE
₹986.00 No trade today
P/E
31.56
View as Markdown
MCP
Close 4 Nov 2026 ₹986.00 −103.30 −9.48% 1Y
Start ₹1,089.30

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

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

ROCE
15.80%
Debt to Equity
0.20
EPS (TTM)
₹31.24
Book Value
₹264.85
Market Cap
—
P/E (TTM)
31.56
P/B
3.72
ROE
13.60%
Dividend Yield
0.00%
EBITDA
₹189 Cr
52W High
₹1,859.90
52W Low
₹860.00
Volume
0

Tapetide Score

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

Overall score

46 Average

Data confidence 100/100

Category scores

Quality
74
Strong
Returns, margins, earnings quality 22% weight
Valuation
33
Poor
Cheap vs sector & own history 24% weight
Growth
44
Weak
Sales & profit trajectory 9% weight
Financial Health
81
Strong
Solvency, leverage, coverage 9% weight
Momentum
15
Poor
Trend strength, vol-adjusted 12% weight
Ownership
32
Poor
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

Strengths

1
  • Company has reduced debt.

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 11.2% over past five years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1243
OscillatorsBullish243
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
43.09
Neutral
MACD (12,26,9)
6.20
Bearish
SMA (50)
1,030.78
Bearish
SMA (200)
1,221.59
Bearish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+11.20%
3Y+8.70%
1Y+3.19%
TTM+10.48%

Net profit

Net profit growth by window
5Y+12.05%
3Y+25.21%
1Y−20.30%
TTM+10.78%

Operating cash flow

Operating cash flow growth by window
5Y+21.17%
3YTurned positive
1Y+101.15%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+2.45 pp
3Y+9.62 pp
1Y−0.25 pp
TTM−0.09 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹380 Cr
Mar 2022₹525 Cr
Mar 2023₹503 Cr
Mar 2024₹586 Cr
Mar 2025₹626 Cr
Mar 2026₹646 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹60.00 Cr
Mar 2022₹67.00 Cr
Mar 2023₹54.00 Cr
Mar 2024₹100 Cr
Mar 2025₹133 Cr
Mar 2026₹106 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹54.70 Cr −0.2% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Midwest Ltd is a consumer discretionary company with a market cap of ₹4,702 Cr trading at a PE of 44.3x. The company has shown 25% compounded profit growth over 3 years but TTM sales growth has decelerated to 3%, and it pays no dividend despite consistent profitability.

Bull Case 7
  • Strong 3-year compounded profit growth of 25% indicates improving profitability and operational leverage
  • Company has actively reduced debt, strengthening its balance sheet and lowering financial risk
  • 5-year compounded profit growth of 13% demonstrates sustained earnings expansion over a longer horizon
  • 3-year ROE average of 17% reflects consistent ability to generate returns on shareholder equity
  • 5-year ROE average of 17% shows durable return generation capability over a medium-term period
  • 5-year compounded sales growth of 11% shows the business has been able to scale revenue over time
  • Price-to-book ratio of 5.19x suggests the market recognizes intangible value and growth potential beyond book assets
Bear Case 7
  • PE ratio of 44.3x is elevated for a consumer discretionary company with only 3% TTM sales growth, suggesting rich valuation relative to current momentum
  • TTM sales growth has sharply decelerated to just 3% compared to the 3-year CAGR of 9%, signaling a potential demand slowdown
  • Zero dividend yield despite repeated profitability means shareholders receive no income return on their investment
  • Last year ROE declined to 13% from the 3-year and 5-year average of 17%, indicating deteriorating capital efficiency
  • TTM profit growth of only 1% shows near-term earnings momentum has stalled significantly from the 25% 3-year CAGR
  • 5-year sales CAGR of only 11.2% is characterized as poor growth, and recent deceleration to 3% TTM worsens this concern
  • At 44.3x PE with 1% TTM profit growth, the PEG ratio is extremely stretched, implying the stock prices in growth that is not currently materializing

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

AI News Digest

121d ago

TL;DR: Limited recent news flow for Midwest Ltd with only a routine regulatory disclosure confirming no encumbrance on promoter shares for FY26. No material headwinds or positive catalysts are visible in the current news cycle. The lack of newsflow makes it difficult to assess directional trend; investors should watch for upcoming quarterly results or operational updates for clearer signals.

Neutral 1
  • No encumbrance on promoter shares Jun 24

    Midwest Ltd confirmed no new encumbrance on promoter shares for FY ended Mar 31, 2026, filed under SEBI Regulation 31(4).

Quarterly Results

₹ Cr
MIDWESTLTD quarterly results, ₹ crore
Particulars Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
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
PBT
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 (₹)
4.4
4.18
13.95
6.86
8.22
5.06
9.83
8.13

Profit & Loss

₹ Cr
MIDWESTLTD profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
380
525
503
586
626
646
695
Expenses
284
418
412
428
451
467
511
Operating Profit
96
108
91
158
175
179
184
OPM %
25%
20%
18%
27%
28%
28%
27%
Other Income
12
13
19
12
40
10
16
Interest
7
10
10
10
11
14
14
Depreciation
18
18
22
22
26
31
33
PBT
83
93
79
138
178
144
153
Tax %
27%
28%
31%
27%
25%
26%
—
Net Profit
60
67
54
100
133
106
113
EPS (₹)
7,643
8,584
7,279
999
38.27
29
31.24
Div. Payout %
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
MIDWESTLTD balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.74
0.74
0.74
10
17
18
Reserves
277
345
409
485
602
944
Borrowings
103
98
151
124
242
192
Other Liabilities
122
160
95
138
195
209
Total Liabilities
502
604
656
757
1,056
1,364
Fixed Assets
206
232
255
254
307
424
CWIP
92
103
105
119
226
214
Investments
1
11
20
38
20
20
Other Assets
202
257
275
347
503
706
Total Assets
502
604
656
757
1,056
1,364

Cash Flow

₹ Cr
MIDWESTLTD cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
67
143
−52
128
87
175
Investing
−40
−99
−17
−64
−201
−276
Financing
−27
−14
45
−50
102
150
Net Cash Flow
0
31
−25
14
−11
49
Free Cash Flow
26
87
−86
79
−94
48
CFO/OP
90
164
−35
105
65
123

Ratios

MIDWESTLTD financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
50
29
70
74
140
129
Inventory Days
—
—
—
417
—
—
Days Payable
—
—
—
242
—
—
Cash Conversion Cycle
50
29
70
249
140
129
Working Capital Days
−2
−30
30
43
83
81
ROCE %
—
25%
17%
24%
22%
16%

Insights

Beta

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

Log in to view Midwest insights

62 extracted metrics across FY21–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 77.12%
  • DIIs 14.33%
  • FIIs 3.85%
  • Public 3.37%
  • Others 1.33%

1.39% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Midwest

What does Midwest Ltd do?
Incorporated in 1981, Midwest Ltd is engaged in the business of exploration, mining, processing, marketing, distribution, and export of natural stones.
Where is Midwest Ltd (MIDWESTLTD) listed?
Midwest Ltd trades as MIDWESTLTD on the NSE and under code 544587 on the BSE.
Which sector does Midwest Ltd belong to?
Midwest Ltd is classified under the Consumer Goods sector, in the Granites & Marbles industry.
What is the PE ratio of Midwest Ltd?
Midwest Ltd trades at a PE ratio of 31.56 as of 4 Nov 2026, on earnings per share of ₹31.24, against a book value of ₹264.85 per share.
What is the 52-week high and low of Midwest Ltd?
Over the last 52 weeks Midwest Ltd has traded between ₹860 and ₹1,859.9 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Midwest Ltd?
Midwest Ltd reported a return on equity of 13.60%. Its debt-to-equity ratio is 0.20.

Company Information

Incorporated in 1981, Midwest Ltd is engaged in the business of exploration, mining, processing, marketing, distribution, and export of natural stones.

Website midwest.in
Listed 24 Oct 2025
Face Value ₹5

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/MIDWESTLTD.md for Midwest 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

More Consumer Durables stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month