Midwest Ltd (MIDWESTLTD) — shareholding pattern, promoter holding, financials and share price
About Midwest Ltd (MIDWESTLTD)
Midwest Ltd operates in the Granites & Marbles industry, within the Consumer Durables sector. It trades on the NSE as MIDWESTLTD and on the BSE under scrip code 544587. Its ISIN is INE0XAD01024.
Incorporated in 1981, Midwest Ltd is engaged in the business of exploration, mining, processing, marketing, distribution, and export of natural stones. [1]
Midwest Limited is an integrated natural materials company focused on mining, processing and global distribution of dimensional granite, quartz and diamond wire, and is actively diversifying into Heavy Mineral Sands (HMS) and rare earth oxides with operations in India and exploration licences in Sri Lanka and Sierra Leone.
Financially, 9MFY26 consolidated revenue rose to INR 429.8 crore (up 8.5% YoY) with EBITDA of INR 116.05 crore and an improved nine-month EBITDA margin of 27.0%; adjusted PAT rose 17.6% YoY to INR 69.45 crore, reflecting margin recovery while Q3 showed sequential softness driven by seasonality and project execution timing.
Listed peers in Granites & Marbles: Pokarna Ltd, Global Surfaces Ltd, Pacific Industries Ltd, Royal Cushion Vinyl Products Ltd, Elegant Marbles and Grani Industries Ltd, Oriental Trimex Ltd.
Valuation & Returns
10 Jul 2026At ₹1,342.35 a share on 10 Jul 2026, Midwest Ltd (MIDWESTLTD) was valued at a price-to-earnings ratio of 45.59x against an industry P/E of 50.62x and a price-to-book of 7.84x on a book value of ₹171.23 per share as of Mar 2025. Solomo computes return on equity of 17.2% and return on capital employed of 18.3% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 45.59x
- Industry P/E
- 50.62x
- P/B
- 7.84x
- EPS (TTM)
- ₹29.44
- Book value / share
- ₹171.23
- ROE
- 17.2%
- ROCE
- 18.3%
- ROA
- 10.06%
- Debt / equity
- 0.39x
- Dividend yield
- 0%
- EBITDA margin
- 29.2%
- 52-week range
- ₹1,048.65 – ₹1,856.6
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Midwest Ltd (MIDWESTLTD) reported revenue of ₹646 crore, net profit of ₹106 crore and earnings per share of ₹29. That compares with revenue of ₹626 crore and net profit of ₹133 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹216 crore and net profit ₹37 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 525 | 503 | 586 | 626 | 646 |
| Net profit (₹ cr) | 67 | 54 | 100 | 133 | 106 |
| EPS (₹) | 8,584.12 | 7,278.6 | 999.17 | 36.2 | 29 |
| Measure | 3Y | 1Y |
|---|---|---|
| Sales growth | 3.77% | 6.93% |
| Profit growth | 20.22% | 32.87% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 77.12% of Midwest Ltd (MIDWESTLTD) (down 0.01 pp QoQ), foreign institutional investors (FII) hold 3.88% and domestic institutional investors (DII) hold 14.56%. Promoters have pledged 1.4% of their holding. Market capitalisation was ₹4,854 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2025.
Largest disclosed public shareholders in Jun 2026: 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 1.79%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 77.12% | 1.4% | 3.88% | 14.56% | 22.88% |
| Mar 2026 | 77.13% | - | 4.38% | 13.78% | 22.87% |
| Dec 2025 | 77.13% | - | 4.7% | 13.71% | 22.87% |