About
Midwest Limited engages in the exploration, exploitation, manufacturing, processing, and selling of dressed granite blocks and slabs in India and internationally. The company offers black galaxy granite, absolute black granite, color granite, laza grey, quartz grit and powder, quartzite, and cristobalite; heavy mineral sand products, such as rutile, ilmenite, zircon, garnet, monazite, and sillimanite; and diamond wires tools, including quarry, stationery, and multi wires. Midwest Limited was incorporated in 1981 and is based in Hyderabad, India.
Key Metrics
as of Sep 2026Market Cap3,830 Cr
P/E34.50
Div Yield0.00 %
Book Value₹266.00
52w High₹1,860.00
52w Low₹1,026.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Sales | 99.00 | 118.00 | 103.00 | 122.00 | 79.00 | 144.00 | 72.00 | 79.00 |
| Expenses | 72.00 | 82.00 | 63.00 | 79.00 | 56.00 | 90.00 | 56.00 | 61.00 |
| Operating Profit | 27.00 | 36.00 | 40.00 | 44.00 | 22.00 | 54.00 | 16.00 | 19.00 |
| OPM % | 27.00 | 30.00 | 39.00 | 36.00 | 28.00 | 37.00 | 23.00 | 24.00 |
| Other Income | 7.00 | 5.00 | 6.00 | 2.00 | 4.00 | 3.00 | 5.00 | 22.00 |
| Depreciation | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 5.00 | 4.00 | 4.00 |
| Interest | 1.00 | 1.00 | 2.00 | 3.00 | 3.00 | 2.00 | 2.00 | 2.00 |
| Profit before tax | 28.00 | 34.00 | 39.00 | 39.00 | 19.00 | 49.00 | 15.00 | 34.00 |
| Tax % | 25.00 | 26.00 | 26.00 | 25.00 | 26.00 | 25.00 | 25.00 | 26.00 |
| Net Profit | 21.00 | 26.00 | 29.00 | 29.00 | 14.00 | 37.00 | 11.00 | 25.00 |
| EPS in Rs | 5.84 | 7.07 | 7.99 | 8.59 | 4.18 | 10.91 | 3.28 | 7.45 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Sales | 422.00 | 370.00 | 342.00 | 310.00 | 330.00 | 220.00 |
| Expenses | 280.00 | 257.00 | 244.00 | 245.00 | 252.00 | 163.00 |
| Operating Profit | 142.00 | 113.00 | 98.00 | 65.00 | 78.00 | 57.00 |
| OPM % | 34.00 | 31.00 | 29.00 | 21.00 | 24.00 | 26.00 |
| Other Income | 17.00 | 32.00 | 18.00 | 18.00 | 9.00 | 13.00 |
| Interest | 8.00 | 8.00 | 7.00 | 7.00 | 6.00 | 5.00 |
| Depreciation | 19.00 | 18.00 | 15.00 | 15.00 | 13.00 | 15.00 |
| Profit before tax | 132.00 | 119.00 | 95.00 | 61.00 | 68.00 | 51.00 |
| Tax % | 26.00 | 25.00 | 24.00 | 26.00 | 25.00 | 27.00 |
| Net Profit | 98.00 | 88.00 | 73.00 | 45.00 | 51.00 | 37.00 |
| EPS in Rs | 27.00 | 26.16 | 751.99 | 6,086.14 | 6,853.30 | 5,000.00 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Equity Capital | 18.00 | 17.00 | 10.00 | 0.74 | 0.74 | 0.74 |
| Reserves | 802.00 | 476.00 | 395.00 | 345.00 | 300.00 | 249.00 |
| Borrowings | 51.00 | 96.00 | 64.00 | 85.00 | 58.00 | 61.00 |
| Other Liabilities | 105.00 | 97.00 | 82.00 | 52.00 | 103.00 | 67.00 |
| Total Liabilities | 976.00 | 686.00 | 551.00 | 483.00 | 462.00 | 377.00 |
| Fixed Assets | 250.00 | 219.00 | 197.00 | 195.00 | 178.00 | 168.00 |
| CWIP | 8.00 | 27.00 | 7.00 | 4.00 | 12.00 | 6.00 |
| Investments | 96.00 | 92.00 | 112.00 | 90.00 | 79.00 | 69.00 |
| Other Assets | 621.00 | 347.00 | 235.00 | 194.00 | 193.00 | 134.00 |
| Total Assets | 976.00 | 686.00 | 551.00 | 483.00 | 462.00 | 377.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 93.00 | 21.00 | 106.00 | -19.00 | 88.00 | 55.00 |
| Cash from Investing Activity | -229.00 | -43.00 | -65.00 | -5.00 | -78.00 | -37.00 |
| Cash from Financing Activity | 177.00 | 24.00 | -41.00 | 21.00 | -8.00 | -17.00 |
| Net Cash Flow | 40.00 | 1.00 | 1.00 | -3.00 | 2.00 | 1.00 |
| Free Cash Flow | 51.00 | -39.00 | 68.00 | -38.00 | 50.00 | 26.00 |
| CFO/OP % | 88.00 | 29.00 | 132.00 | -9.00 | 140.00 | 118.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Debtor Days | 143.00 | 127.00 | 50.00 | 55.00 | 31.00 | 28.00 |
| Inventory Days | — | 364.00 | 455.00 | — | — | — |
| Days Payable | — | 391.00 | 140.00 | — | — | — |
| Cash Conversion Cycle | 143.00 | 100.00 | 365.00 | 55.00 | 31.00 | 28.00 |
| Working Capital Days | 117.00 | 96.00 | 40.00 | 66.00 | 0.00 | 10.00 |
| ROCE % | 19.00 | 24.00 | 23.00 | 17.00 | 22.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSECredit Ratings
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Rating update7 Aug from crisil
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Rating update4 Nov 2025 from crisil
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Rating update17 Apr 2025 from crisil
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Rating update7 Apr 2025 from crisil