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Prices as of 8 Oct 2026 close · Not investment advice

Midwest Limited

NSE: MIDWESTLTDGranites & Marbles

Share price

₹990.05

+0.03% close of 9 Oct 2026

Market cap ₹3,578 CrP/E 32.1 (as of 8 Oct 2026)

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

62

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹3,578 Cr

P/E ratio

32.1

P/B ratio

3.7

ROCE

15.8%

ROE

13.7%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹1,803.6052-week low ₹877.00

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Fewer than three years of filings — too early to judge growth.

Whether it grew faster than its sector

It grew 10.0% a year against a sector median of 11.3% — 1.3 percentage points slower.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 1.2 times its growth rate, on earnings growth of 26%.

Profit growthPrice per ₹1 profitPer 1% growth
Midwest Limited — this one26%/yr32.1×₹1.2
Pokarna Limited7%/yr21.4×₹3.1
Global Surfaces Limited———
Pacific Industries Limited-34%/yr46.6×—
Oriental Trimex Limited36%/yr17.4×₹0.48
Aro Granite Industries Limited———

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Granites & Marbles), it ranks 1 of 7 on returns, 2 of 7 on growth, 2 of 7 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 15.8% on capital, ahead of 86% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹481 crore of cash from the business and spent ₹447 crore on plant and equipment, with ₹34 crore to spare; it still raised ₹233 crore from lenders and shareholders. And the profit is real: of every 100 rupees it reported over 6 years, about 105 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being paid 30 days before it paid its own suppliers to waiting 81 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 12 Aug 2026 · Consolidated · Unaudited

Revenue

₹192 Cr

Revenue vs last year

+35.1%

Revenue vs last quarter

-11.2%

Net profit

₹31 Cr

Profit vs last year

+29.3%

Profit vs last quarter

-16.1%

Net margin

16.2%

EPS

₹8.58

Earnings call transcript · 13 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹3,578 Cr
Prev close
₹990.05
52w High
₹1,860
52w Low
₹860
Enterprise value
₹3,526 Cr
Beta
1.6
Price CAGR 1y
—
Price CAGR 3y
—
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
7.8%
PEG ratio
1.2
P/E ratio
32.1
P/B ratio
3.7
EV / EBITDA
19.1
Industry P/E
32.3
ROCE
15.8%
ROCE 5y average
20.8%
ROE
13.7%
Debt / Equity
0.2
Interest coverage
11.3
Dividend yield
0.0%
ROE 3y average
17.0%
ROE last year
14.0%

Annual P&L

Annual revenue
₹646 Cr
Annual profit
₹106 Cr
Operating margin
28.0%
Net profit margin
16.4%
EBITDA margin
27.7%
Sales growth 3y
8.7%
Sales growth 5y
11.2%
Profit growth 3y
26.0%
Profit growth 5y
13.0%
EPS
₹29.0
Sales growth TTM
10.0%
Profit growth TTM
12.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹192 Cr
Profit latest quarter
₹31 Cr
YoY quarterly sales growth
34.8%
YoY quarterly profit growth
29.2%
OPM latest quarter
25.5%

Balance Sheet

Book Value
₹267
Face Value
₹5.0
Total debt
₹192 Cr
Total cash
₹229 Cr
Borrowings
₹192 Cr
Reserves / Equity
52.4

Cash Flow

Operating cash flow
₹175 Cr
Free cash flow
₹48 Cr
FCF yield
1.0%
Net cash flow
₹49 Cr

Shareholding

Promoter holding
77.1%
FII holding
3.9%
DII holding
14.5%
Public holding
4.4%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Midwest1,040.6533.93,7630.0031.026.7191.834.815.8
Pokarna695.0022.72,1550.0942.650.6189.410.811.5
Esprit Stones61.001340.00-1.2-113.573.3-54.3-0.3
Global Surfaces28.741220.000.1134.965.4-12.2-1.7
Pacific Inds138.5934.6960.001.781.763.928.71.1
Elegant Marbles175.5016.7520.000.7-42.36.80.33.8
Royal Cush. Vin.12.70460.00-5.1-1121.48.3-34.6-0.2
Median378.0028.31,1440.0015.638.6131.4-0.75.6

Competes with: Aro Granite Industries Limited, Global Surfaces Limited, Madhav Marbles and Granites Limited, Oriental Trimex Limited, Pacific Industries Limited, Pokarna Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales141117230142159129216192
Expenses1119415610311298157143
Material Cost3.446.504.905.93
Change in Inventories1.31-7.14-3.31-1.70
Purchases of Stock-in-Trade0.370.180.570.19
Employee Cost15161515
Other Expenses9282141123
Operating Profit3123753947315849
OPM %2220322729242725
Other Income46242536
Exceptional items (within Other Income)0000
Interest23344524
Depreciation66877989
Profit before tax2720663338225142
Tax %4228262626232726
Net Profit1515482428173731
EPS in Rs4.404.18146.868.225.069.838.13
Diluted EPS in Rs8.194.87108.58

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales380525503586626646695
Expenses284418412428451467511
Material Cost18
Change in Inventories-9.84
Purchases of Stock-in-Trade1.58
Employee Cost57
Other Expenses405
Operating Profit9610891158175179184
OPM %25201827282827
Other Income12131912401016
Exceptional items (within Other Income)0
Interest7101010111414
Depreciation18182222263133
Profit before tax839379138178144153
Tax %272831272526
Net Profit606754100133106113
EPS in Rs7,6438,5847,279999382931
Diluted EPS in Rs29
Dividend Payout %000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
11%
3 years
9%
TTM
10%

Compounded profit growth

10 years
—
5 years
13%
3 years
26%
TTM
12%

Return on equity

10 years
—
5 years
17%
3 years
17%
Last year
14%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.740.740.74101718
Reserves277345409485602944
Borrowings10398151124242192
Other Liabilities12216095138195209
Minority Interest16
Total Liabilities5026046567571,0561,364
Fixed Assets206232255254307424
CWIP92103105119226214
Investments11120382020
Other Assets202257275347503706
Total Assets5026046567571,0561,364

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity67143-5212887175
Cash from Investing Activity-40-99-17-64-201-276
Cash from Financing Activity-27-1445-50102150
Net Cash Flow-031-2514-1149
Free Cash Flow2687-8679-9448

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days50297074140129
Inventory Days417
Days Payable242
Cash Conversion Cycle502970249140129
Working Capital Days-2-3030438381
ROCE %2517242216

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemDec 2025Mar 2026Jun 2026
Promoters777777
FIIs4.704.373.88
DIIs141414
Government000.11
Public4.454.714.44
No. of Shareholders20,02521,08620,204

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -13.2% (₹1,140.50 → ₹990.05)Brick size ₹56.39 (fixed)Bricks 47
₹1,250₹1,500₹1,750₹990Nov '25Jan '26Mar '26May '26Aug '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹990.05 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-37.00inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,19,82,131inr

2026-03-31

News

News and filings about Midwest Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Diamond wire and cutting consumables
  • Explosives & blasting materials for quarrying
  • Quartz ore from captive mines
  • Rough granite blocks from captive quarries

Depends on the price of

  • fuel

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Durables
Industry
Granites & Marbles
Classification
Consumer Durables › Granites & Marbles
ISIN
INE0XAD01024

Plants

  • Diamond Wire manufacturing facility
  • Midwest Granite Processing Plant
  • Quartz Processing Plant Phase I

News impact

Big market events that reach Midwest Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 2 rows from NSE's archive (replace 0, delete 1, insert 1), 2026-01-15..2026-02-01 (docs/flat_day_repair.md)1× · 15 Jan 2026

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
22 Apr 2026Rama Raghava Reddy Kollareddy · PromotersEQUITY SHARES14,08,851—
22 Apr 2026Kollareddy Ranganayakamma · Promoter GroupEQUITY SHARES14,08,851—
22 Apr 2026Uma Priyadarshini Kollareddy · PromotersEQUITY SHARES1,50,000—
22 Apr 2026Rama Raghava Reddy Kollareddy · PromotersEQUITY SHARES1,50,000—

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.