Midwest Energy Limited
BSE: REMAGNET · Other Construction Materials · sector
Key numbers
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 22 companies in Other Construction Materials (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹220 cr vs borrowings ₹302 cr (FY26): borrowings are higher by ₹82 cr.
- Operating profit covered interest -2.5x in the last 12 months.
- Net loss in 6 of the last 6 quarters.
- No dividend in the last 5 financial years.
- Price ₹250.35 on 2026-10-26: -40.3% from the 52-week high, +5.9% 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
Price history not available.
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 1 | 1 | 6 | 6 |
| EBITDA | -4 | -3 | -2 | -2 | -3 | -0 |
| OPM % | -546.2% | -555.1% | -170.0% | -168.3% | -55.9% | -7.4% |
| Other income | 0 | 0 | 0 | 0 | 1 | 2 |
| Net profit | -6 | -4 | -4 | -3 | -3 | -1 |
| EPS (₹) | 12.36 | 3.14 | 2.89 | 2.61 | 0.00 | 0.93 |
| Revenue YoY | +638.5% | +1,173.5% | ||||
| Profit YoY | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 0 | 2 | 1 | 1 | 9 | 14 |
| EBITDA | -1 | -5 | -1 | -4 | -10 | -8 |
| Net profit | -2 | -10 | -2 | -6 | -14 | -11 |
| EPS (₹) | -4.95 | -29.38 | -7.02 | 12.36 | 0.00 | 6.43 |
| Revenue growth | +1,358.3% | -40.0% | -25.7% | +1,010.3% | – | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +70.4% | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 89 | 401 |
| Borrowings | 106 | 302 |
| Cash & equivalents | 42 | 220 |
| Total assets | 205 | 714 |
| Fixed assets | 5 | 91 |
| Capital work in progress | 58 | 164 |
| Investments | 0 | 138 |
| Receivables | 1 | 7 |
| Inventory | 4 | 6 |
| Payables | 4 | 0 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -33 | -10 |
| Cash from investing | -84 | -422 |
| Cash from financing | 156 | 520 |
| Capex | 83 | 204 |
| Free cash flow | -116 | -214 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | -6.3% | -3.5% |
| ROCE % | -2.3% | -1.6% |
| Debtor days | 295 | 299 |
| Inventory days | 877 | 2,444 |
| Payable days | 817 | 71 |
| Cash conversion cycle (days) | 355 | 2,672 |
| Working capital days | 28,332 | 5,965 |
Peers in Other Construction Materials
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| RAMCOIND | ₹2,401 cr | 7.3x | 0.5x | 7.5% | 5.6% | 15.3% | +7.1% | 0.36% |
| GLASSWALL | ₹1,802 cr | – | – | – | – | – | – | – |
| ARIS | ₹1,103 cr | 15.8x | 1.5x | 13.7% | 15.3% | 9.9% | – | – |
| BIRLANU | ₹941 cr | – | 0.8x | -9.4% | -1.4% | 2.1% | +2.4% | 2.41% |
| EVERESTIND | ₹738 cr | – | 1.5x | -0.2% | 6.0% | 5.0% | -4.9% | 0.54% |
| MARBLE | ₹423 cr | 56.5x | 5.2x | 10.1% | 13.8% | 26.5% | -5.1% | – |
| SAHYADRI | ₹345 cr | 7.7x | 0.8x | 11.4% | 14.8% | 11.0% | +4.6% | 0.32% |
| REMAGNET | ₹325 cr | 38.9x | 0.8x | -4.4% | -1.1% | -53.7% | +70.4% | – |
| GLITTEKG | ₹187 cr | 123.1x | 17.1x | -2.8% | -2.4% | – | -84.8% | – |
| NIDHGRN | ₹183 cr | 15.9x | 8.1x | 44.5% | 49.1% | 22.0% | +508.1% | – |
Business segments (2026-06-30)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Renewable energy & power storage systems | ₹5 cr | 74.3% | ₹1 cr | 22.6% |
| Others | ₹2 cr | 25.7% | ₹-0 cr | -13.9% |
| Rare-earth materials and magnets | ₹0 cr | – | ₹-1 cr | – |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Other Construction Materials |
| Sub-industry | Other Construction Materials |
| Symbol | REMAGNET |
| BSE code | 526570 |
| ISIN | INE519N01022 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.