Midwest Limited
NSE: MIDWESTLTDINE0XAD01024·Consumer Durables·www.midwest.in ↗·Mcap ₹3,606 Cr·Listed 2025
₹929.50▼ ₹13.10  (−1.39%)
52W: ₹926 – ₹1,860 · Vol: 45.3K shares · Close 25 Sept
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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q2 FY26
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26
Revenue from operations192216129159
Other income5.92.65.32.1
Total expenses156168112123
EBITDA48.958.330.546.5
EBITDA margin25.5%27.0%23.7%29.3%
Finance costs3.91.84.73.5
Depreciation8.98.48.67.4
Profit before tax42.150.722.537.6
Tax1113.75.19.9
Net profit313717.427.7
Net margin16.2%17.2%13.5%17.5%
EPS (₹)8.5810.244.878.19

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26
Revenue from operations646
Other income14.2
Total expenses516
EBITDA174
EBITDA margin27.0%
Finance costs13.8
Depreciation31
Profit before tax144
Tax37.3
Net profit106
Net margin16.5%
EPS (₹)29.45
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26
Operating cash flow175
Investing cash flow−276
Financing cash flow150
Capital expenditure130
Free cash flow (CFO − capex)44.8

Net profit trend

annual, ₹ crore
FY26
₹106

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Consolidated12 Aug 2026PDF on NSE XBRL
Q1 FY27Standalone12 Aug 2026PDF on NSE XBRL
Q4 FY26Consolidated · audited26 May 2026PDF on NSE XBRL
Q4 FY26Standalone · audited26 May 2026PDF on NSE XBRL
Q3 FY26Consolidated12 Feb 2026PDF on NSE XBRL
Q3 FY26Standalone12 Feb 2026PDF on NSE XBRL
Q2 FY26Consolidated12 Nov 2025PDF on NSE XBRL
Q2 FY26Standalone12 Nov 2025PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 39.0×29.7×
P/B5Y avg 4.31×3.49×
ROEFY26, on average equity11.1%
Net margin16.5%
Debt / equity0.18×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹31.29
Market cap₹3,361 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.49×
vs 1-point avg 4.31× (−19%)
3.49× low4.31× avg4.31× high
History points are balance-sheet dates (2026 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,367 Cr
Net worth₹962 Cr
Total borrowings₹172 Cr
Cash & bank balances₹63 Cr
Investments₹20 Cr
Inventories₹43 Cr
Trade receivables₹228 Cr
Trade payables₹71 Cr
Change vs the same date a year earlier.
Revenue mix Q1 FY27
(a) Granite96.0%result ₹52.2 Cr
(c) Others2.0%result ₹0.1 Cr
(b) Quartz1.9%result ₹−4.9 Cr
Segment revenue as reported, before inter-segment eliminations.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Oct 25
Promoter77.1277.1377.1377.13
FII3.884.384.702.11
DII14.5613.7813.7112.51
of which MF7.076.406.294.59
Retail3.203.293.176.58
Other public1.241.421.291.67
20,204 shareholders · NSE shareholding pattern filings.