As of 6 Nov 2026, Midwest trades at 30.0× trailing earnings, above the industry P/E of 27.3×, and the shares are 47% below their 52-week high. Its ROCE of 14% is the highest among the 7 largest Building Materials peers. Debt is 0.20× equity. It is a small-cap company with a market cap of ₹3,550 Cr, ranked 16th of 58 Building Materials companies by market cap; the shares fell 9.0% over the past year.
- ₹1,010.00
- ₹1,028.00
- ₹980.00
- ₹1,017.00
- 6.4K
Health check
- ReturnsAhead
−9.0% over a year, better than 5 of 7 peers.
- Price tagIn line
P/E 30.0 vs industry 27.3.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityAverage
ROCE 13.7% vs peer median 10.2%.
- Balance sheetSolid
Debt 0.20× equity, interest covered 11.7×.
- Red flags1 to check
47% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹3,550 Cr
- Small cap
- P/E
- 30.0
- Industry 27.3
- Price to book
- 3.54
- Peers 2.12
- Dividend yield
- 0.00%
- ROE
- 10.9%
- Peers 4.9%
- ROCE
- 13.7%
- Peers 10.2%
- Debt to equity
- 0.20
- Debt ₹192 Cr
- EPS (TTM)
- ₹32.70
- Face value ₹5
- OPM (TTM)
- 25.1%
- Net margin 16.0%
- Sales growth
- +34.8%
- Latest quarter vs a year ago
- Profit growth
- +25.0%
- Latest quarter vs a year ago
- Price to sales
- 5.11
- EV/EBITDA 18.2
Strengths and risks
Strengths
- Quarterly profit up 25.0% on a year ago.
- Quarterly sales up 34.8% on a year ago.
Risks to check
- 47% below its 52-week high.
About Midwest
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…
- Headquarters
- Hyderabad
- Employees
- 352
- Sector
- Basic Materials
- ISIN
- INE0XAD01024
- Website
- midwest.in
Price range
- Avg volume (3M)
- 38.8K
- 1-year return
- minus 9.0%
- From 52-week high
- minus 47.2%
Peers · Building Materials
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ULTRACEMCOUltraTech Cement | 12,450.00 | plus 1.63% | 3,66,110 | 41.6 | 22.8 | 11.8% | 19.1% | 0.38 | 11.9% | plus 3.6% |
| GRASIMGrasim Industries | 3,227.00 | minus 0.02% | 2,18,884 | 38.5 | 16.8 | 4.0% | 15.0% | 1.35 | 14.3% | plus 12.0% |
| AMBUJACEMAmbuja Cements | 390.60 | plus 0.67% | 97,057 | 34.7 | 14.6 | 4.6% | 14.3% | 0.01 | – | minus 31.6% |
| SHREECEMShree Cement | 25,100.00 | plus 0.82% | 90,563 | 57.2 | 18.0 | 10.2% | 20.1% | 0.09 | 5.7% | minus 9.8% |
| JKCEMENTJ.K. Cement | 5,239.80 | minus 0.20% | 40,487 | 42.3 | 19.2 | 13.3% | 15.8% | 1.01 | 12.1% | minus 9.1% |
| DALBHARATDalmia Bharat | 1,470.30 | plus 0.27% | 27,602 | 56.3 | 9.6 | 7.0% | 16.5% | 0.57 | 3.0% | minus 28.5% |
| ACCACC | 1,236.20 | plus 0.77% | 23,214 | 26.4 | 7.9 | 10.4% | 8.7% | 0.02 | – | minus 33.1% |
| MIDWESTLTDMidwest | 981.70 | minus 3.47% | 3,550 | 30.0 | 19.9 | 13.7% | 25.1% | 0.20 | – | minus 9.0% |
| Median of 7 peers | – | 0.67% | 90,563 | 41.6 | 16.8 | 10.2% | 15.8% | 0.38 | 11.9% | −9.8% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 230 | 142 | 129 | 216 | 192 | |
| – | – | – | minus 6.2% | +34.8% | |
| 156 | 110 | 98.3 | 157 | 143 | |
| 74.7 | 32.4 | 30.5 | 58.3 | 48.9 | |
| 32.4% | 22.8% | 23.7% | 27.0% | 25.5% | |
| 2.1 | – | 5.3 | 2.6 | 5.9 | |
| 3.3 | 3.7 | 4.7 | 1.8 | 3.9 | |
| 7.8 | – | 8.6 | 8.4 | 8.9 | |
| 65.7 | – | 22.5 | 50.7 | 42.1 | |
| 26.2% | – | 22.8% | 27.0% | 26.2% | |
| 47.2 | – | 18.3 | 35.6 | 29.4 | |
| 13.05 | – | 4.87 | 10.24 | 8.58 |
Profit & loss
- ROE
- 10.9%
| ₹ Cr | Mar 2025 | Mar 2026 |
|---|---|---|
| 624 | 643 | |
| 444 | 466 | |
| 180 | 177 | |
| 28.9% | 27.5% | |
| – | 12.4 | |
| 10.6 | 13.5 | |
| 24.6 | 31 | |
| 25.9 | −1.1 | |
| – | 144 | |
| – | 25.9% | |
| – | 105 | |
| – | 30.54 |
Forecast
Balance sheet
| ₹ Cr | Mar 2026 |
|---|---|
| 18.1 | |
| 944 | |
| 192 | |
| 212 | |
| 1,367 | |
| 542 | |
| 120 | |
| 20.3 | |
| 226 | |
| 458 | |
| 1,367 |
Cash flow
| ₹ Cr | Mar 2026 |
|---|---|
| 175 | |
| −276 | |
| 150 | |
| 49.1 | |
| −130 | |
| 44.8 |
Shareholding pattern
- Promoters77.12%
- Public22.88%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 77.12% | 22.88% | 0.00 | |
| 30 Jun 2026 | 77.12% | 22.88% | minus 0.01 | |
| 31 Mar 2026 | 77.13% | 22.87% | 0.00 | |
| 31 Dec 2025 | 77.13% | 22.87% | 0.00 | |
| 23 Oct 2025 | 77.13% | 22.87% | – |
Major shareholders
Filings & events
News
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