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GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
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MIDWEST LIMITED

MIDWEST LIMITED

NSE: MIDWESTLTD
Building MaterialsBasic MaterialsSMALL CAPMCap ₹3.71k Cr
₹1,026.70₹31.50 (+3.17%)

Market Closed • NSE

Market cap₹3.71k Cr
Enterprise value₹3.39k Cr
P/E TTM31.40
Forward P/E15.44
P/B3.70
EPS TTM₹32.70
Forward EPS₹66.50
ROCE15.40%
D/E0.20
Dividend yield0.00%
Face value₹5.00
52W high₹1,859.90
52W low₹860.00
Price chart(1Y)
1Y Return:-17.64% (₹219.90)
H: ₹1,405L: ₹860
1W+1.38%
1M+5.17%
3M-19.60%
6M-22.32%
Today at a glance

Day range

₹995.15₹1,033.00

52 week range

₹860.00₹1,859.90
Volume22.3K0.44x 20D avg
Free float50.00%-56.30% volume

MIDWEST LIMITED closed at INR1026.70 (+3.17%) on volume 0.44x its 20-day average, trading 44.8% below its 52-week high.

Technical analysis
RSI (14)53.6Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹51.62High
SMA 20₹972.55BULLISH
SMA 50₹1,045.62BEARISH
SMA 100₹1,155.50BEARISH
SMA 200₹1,251.57BEARISH
CPR bottom₹1,003.25
Pivot₹1,000.57
CPR top₹997.88
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -16.2% QoQ

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹192.0 Cr₹3.71k Cr5.17%≤ 33%PASS
Non-halal income ratio–₹646.0 Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹1.37k Cr—≥ 20%PASS
Receivables ratio–₹1.37k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E31.4021.90
Forward P/E15.44—
P/B3.702.20
EV/EBITDA19.5018.00
PEG—1.00
Earnings yield3.204.60
Growth & profitability
RevenuePAT
FY23PAT margin 10.70%
FY24PAT margin 17.10%
FY25PAT margin —
FY26PAT margin 16.40%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+1.10%
Revenue CAGR 5Y+5.10%
PAT CAGR 3Y-7.30%
PAT CAGR 5Y+14.40%
Operating margin20.85%
Net margin15.97%
Financial health & cash flow
Net debt₹192.0 CrHealthy
Interest coverage12.40xEBIT / interest
CFO / PAT1.66x3Y average
Net debt / EBITDA1.10xLeverage
Operating cash flow₹175.0 Cr
Capital expenditure–
Free cash flow₹175.0 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall75/100
Valuation50/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 15.4%

Low Debt Profile: Debt-to-Equity is comfortable at 0.20x

High Cash Flow Conversion: CFO/PAT averaged 1.66x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Building Materials.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Dec 2025
18.15%Institutional holding
4.71%Public holding
1Periods available
0.00%Promoter pledged
21.09KShareholders
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)46.98%-4.90% latest vs average
Highest delivery68.65%on 05 Oct
Average volume (20D)51.1KTrading-session average
Conviction trendWeakening-4.90% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About MIDWEST LIMITED
MIDWEST LIMITED

Incorporated in 1981, Midwest Ltd is engaged in the business of exploration, mining, processing, marketing, distribution, and export of natural stones.[1]

IndiaBasic Materials

Questions investors ask
Is MIDWEST LIMITED Shariah compliant?

MIDWEST LIMITED is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (5.17%) complies with AAOIFI threshold (≤ 33%).

What is MIDWEST LIMITED's current valuation relative to peers?

MIDWEST LIMITED trades at a P/E of 31.4x compared to the sector median of 21.9x, and a Price-to-Book of 3.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.20x and a Net Debt to EBITDA ratio of 1.1x. Interest coverage is 12.4x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 5.1% while net profit growth averaged 14.4%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.