Midwest Limited
NSE: MIDWESTLTD · Granites & Marbles · sector
₹1,061.50NSE close 2026-10-26
Key numbers
Market cap₹3,838 cr
Price₹1,061.50
52w high / low₹1,860 / ₹860
P/E33.3xSector median 18.3x
P/B4.0xSector median 0.3x
Book value₹266.1
Dividend yield–Sector median 0.35%
ROE11.5%Sector median 1.3%
ROCE14.7%Sector median 1.6%
OPM26.5%Sector median 4.8%
Debt / equity0.18xSector median 0.15x
EV/EBITDA20.5xSector median 9.1x
Interest cover12.0x
Current ratio2.74x
Sales growth 3y–Sector median -3.2%
Profit growth 3y–Sector median +7.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 9 companies in Granites & Marbles (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹229 cr vs borrowings ₹172 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 12.0x in the last 12 months.
- 1.39% of the promoters' shares are pledged (1.1% of all shares).
- Other income was 14% of net profit in the last 12 months.
- No dividend in the last 1 financial years.
- Price ₹1,061.50 on 2026-10-26: -42.9% from the 52-week high, +23.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,803.60 · low ₹904.15
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 159 | 129 | 216 | 192 |
| EBITDA | 47 | 31 | 58 | 49 |
| OPM % | 29.3% | 23.7% | 27.0% | 25.5% |
| Other income | 2 | 5 | 3 | 6 |
| Net profit | 28 | 18 | 36 | 29 |
| EPS (₹) | 8.19 | 4.87 | 10.24 | 8.58 |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY26 | TTM |
|---|---|---|
| Revenue | 646 | 695 |
| EBITDA | 174 | 184 |
| Net profit | 105 | 111 |
| EPS (₹) | 29.45 | 31.88 |
| Dividend / share (₹) | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY26 |
|---|---|
| Shareholders' equity | 962 |
| Borrowings | 172 |
| Cash & equivalents | 229 |
| Total assets | 1,367 |
| Fixed assets | 386 |
| Capital work in progress | 90 |
| Investments | 20 |
| Receivables | 228 |
| Inventory | 43 |
| Payables | 71 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY26 |
|---|---|
| Cash from operations | 175 |
| Cash from investing | -276 |
| Cash from financing | 150 |
| Capex | 130 |
| Free cash flow | 45 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY26 |
|---|---|
| ROE % | 10.9% |
| ROCE % | 13.9% |
| Debtor days | 129 |
| Inventory days | 1,698 |
| Payable days | 2,789 |
| Cash conversion cycle (days) | -962 |
| Working capital days | 214 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 77.12% |
| FIIs | 3.85% |
| DIIs | 14.33% |
| of which Mutual funds | 6.84% |
| Public (non-institutions) | 4.71% |
| Quarter | Oct 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|
| Promoters % | 77.13% | 77.13% | 77.13% | 77.12% | 77.12% |
| Promoter group | % |
|---|---|
| Rama Raghava Reddy Kollareddy | 59.79% |
| Ravindra Reddy Guntaka | 8.28% |
| Kollareddy Ranganayakamma | 4.68% |
| UMA Priyadarshini Kollareddy | 1.49% |
| Deepak Kukreti | 1.07% |
| Soumya Kukreti | 0.93% |
| Ramachandra Kollareddy | 0.88% |
| Kollareddy Tara Rani | 0.00% |
| Duggirala Rajeswaramma | 0.00% |
| Guntaka Vijaya Lakshmi | 0.00% |
| Kollareddy Bhuvanyu Raghav | 0.00% |
| Kollareddy Inaaya | 0.00% |
| Kollareddy Sridhar Reddy | 0.00% |
| Kukreti Kamla | 0.00% |
| Meka Rama Vara Prasad | 0.00% |
| Public holders above 1% | % |
|---|---|
| Svadha India Emerging Opportunities Scheme 1 | 7.35% |
| Kotak Elss TAX Saver Fund | 4.12% |
| Goldman Sachs Funds - Goldman Sachs India Equity P | 2.86% |
| Axis Mutual Fund Trustee Ltd. A/C Axis Mutual Fund | 1.81% |
20,601 shareholders. Pledged: 1.39% of promoter shares.
Peers in Granites & Marbles
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MIDWESTLTD | ₹3,838 cr | 33.3x | 4.0x | 11.5% | 14.7% | 26.5% | – | – |
| POKARNA | ₹2,062 cr | 21.7x | 2.4x | 11.6% | 12.3% | 30.1% | -7.7% | 0.09% |
| GSLSU | ₹99 cr | – | 0.4x | -10.9% | -1.8% | -4.9% | +9.4% | – |
| PACIFICI | ₹90 cr | 32.8x | 0.2x | 0.6% | 1.2% | 4.8% | -5.2% | – |
| ELEMARB | ₹47 cr | 14.9x | 0.4x | 2.4% | 3.6% | 13.1% | -1.2% | 0.62% |
| ROYALCU | ₹46 cr | 3.6x | – | – | -10.3% | -19.0% | +2.4% | – |
| AROGRANITE | ₹34 cr | – | 0.2x | -10.7% | -1.4% | -10.1% | -23.4% | – |
| MADHAV | ₹29 cr | – | 0.2x | -0.2% | 1.6% | -6.7% | -13.4% | – |
| ORIENTALTL | ₹25 cr | 10.7x | 0.2x | 2.0% | 3.2% | 10.6% | +34.5% | – |
Business segments (2026-06-30)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| (a) Granite | ₹184 cr | 96.0% | ₹52 cr | 28.3% |
| (c) Others | ₹4 cr | 2.0% | ₹0 cr | 2.8% |
| (b) Quartz | ₹4 cr | 1.9% | ₹-5 cr | -129.8% |
| Less: Elimination | ₹-0 cr | -0.1% | ₹-2 cr | 833.0% |
Documents
- Annual report FY26
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Extraction, Excavation and manufacturing of Natural Stone: Mining of Black Galaxy, Absolute Black and Quartz
| Sector | Consumer Discretionary |
| Industry | Granites & Marbles |
| Sub-industry | Granites & Marbles |
| Symbol | MIDWESTLTD |
| BSE code | 544587 |
| ISIN | INE0XAD01024 |
| Face value | ₹5.0 |
| Incorporated | 1981-12-19 |
| Website | https://midwest.in |
| Plants (India / abroad) | 17 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.