Midwest Limited share price
NSE: MIDWESTLTD · ISIN INE0XAD01024
Key numbers
- Market cap
- ₹ 3,361 Cr
- Current price
- ₹ 929.50
- 52-week high / low
- ₹ 1,860 / 926
- Stock P/E
- 30.3
- Book value
- ₹ 277.2
- Dividend yield
- 0.00%
- ROCE
- 13.6%
- ROE
- 10.9%
- Debt to equity
- 0.20
- Sales growth (3 yrs)
- -
- Profit growth (3 yrs)
- -
- 1-year return
- -
About Midwest Limited
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, 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.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 230 | 142 | 129 | 216 | 192 |
| Operating profit | 75 | 32 | 31 | 58 | 49 |
| Net profit | 47 | - | 18 | 36 | 29 |
| EPS (₹) | 13.05 | - | 4.87 | 10.24 | 8.58 |
Concall summary (2026-08-20)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- FY27 we will be close to -- we are estimating around INR840 crores against past year's number of INR645 crores.
- Estimated revenues for the year FY27 is approximately INR840 crores, out of which INR720 crores will come from granite and INR100 crores, INR120 crores will come from quartz.
Growth & demand
- In terms of growth revenue, we have a growth of compared to Q1 last year to this Q1, we have a revenue growth of 35%, EBITDA 25%, and a PAT growth of 27%.
- Demand is good, you can see from the numbers we have 35% topline growth.
Margins & costs
- Just to add to this, the diesel cost is almost 13% for us as a cost head.
- Ours were down 190 basis points, that's it in this quarter with this kind of impact, diesel cost impact.
Capex & expansion
- Here you will be mining the clay from the earth and then taking it to the plant, so the capex will be higher and also overseas project usually capex are higher.
- Capex on quartz would be approximately INR125 crores.
Balance sheet & cash
- 12 to 15 months again to plant build- out and then operate those mines and get into cash flows.
- And other capex that we have as of now, its not regular replacements as far as granite is concerned, that's being met year-on-year from its regular cash flows.
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