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MIDWESTLTD · Midwest Ltd · Construction - Raw Materials

₹1,063.35-3.8%

Last close, 30 Oct

52wk low ₹86052wk high ₹1,859.9

42.8% below 52-week high

52-week range: as of 30 Oct 2026.

Stock Condition:58 out of 100(−23 vs previous session)

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

Stock Condition as of 30 Oct 2026 close

Slowest input: promoter pledge (disclosed quarterly), as of 18 Jul 2026

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Chart

Fundamentals as of 16 Oct 2026

FII holding falling for 2+ quarters

Revenue (latest Q)

₹192 Cr

Revenue YoY

PAT YoY

+20.6%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

4.4

P/S (TTM)

5.2

Sector P/E

26.3

Dividend yield

0.0%

CompanyP/EP/BNet marginROED/EDiv. yield
MIDWESTLTD (this stock)39.84.4+15.8%+11.4%0.20.0%
UltraTech Cement38.85.4+9.3%+11.1%0.31+2.2%
Grasim Industries36.93.2+3.1%+5.5%2.2+0.3%
Ambuja Cements23.32.6+11.2%+7.5%0.01+0.5%

Promoter

stable

FII

falling 2q

MF

7.07% (+0.67pp)

rising 3q

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

No related news.

Concalls & investor presentations

AI-generated
Concall transcriptPositive20 Aug 2026
View source filing →

Key takeaway: Midwest Limited reported Q1 FY27 revenue growth of 35%, EBITDA growth of 25%, and PAT growth of 27%, despite higher diesel costs. The granite segment drove most of the growth, with quartz revenue at INR5 crores in Q1, expected to reach 15,000 tons per month by year-end. A key development was an MoU with Indonesia's PERMINAS for rare earths, with plans to form a JV. The Sri Lanka project received final policy approval, with construction expected to start in October 2026, aiming for operations within 12-15 months. Capex for FY27 includes INR125 crores for quartz Phase 2 and INR120 crores for Sri Lanka. Management guided FY27 revenue to INR840 crores, with granite contributing INR720 crores and quartz INR120 crores. EBITDA margins are expected to remain around 26-27%, with potential improvement in FY28 as quartz production scales. Diesel costs remain a challenge, but electrification efforts are reducing exposure. The company emphasized strategic focus on rare earth projects and operational expansion.

The document highlights strong revenue and EBITDA growth, strategic partnerships, and expansion plans, indicating a positive outlook.

Sourced from an exchange-filed transcript, dated 20 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive13 Aug 2026
View source filing →

Key takeaway: The investor presentation for Q1 FY27 reported that Midwest Limited achieved significant growth, with revenue, EBITDA, and PAT increasing by 35%, 25%, and 27% year-over-year, respectively. Management highlighted strategic collaborations, including an MoU with Indonesia’s PERMINAS for critical minerals and rare earth resources. The company plans to invest ₹300 crore in capital expenditures over the next few years, aiming for over 2.5x revenue growth and 3x profitability growth, while also focusing on reducing energy consumption by 15-20%. The presentation detailed financial performance, with net revenue for Q1 FY27 at ₹191.84 crore, and a PAT of ₹31.04 crore. Management emphasized the company's strong credit profile, reaffirmed by CRISIL ratings, and outlined ongoing efforts to expand into new growth verticals such as rare earth materials and heavy mineral sands.

Management emphasized strong growth and strategic initiatives.

Sourced from an exchange-filed presentation, dated 13 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive30 May 2026
View source filing →

Key takeaway: The earnings conference call for Midwest Limited on May 27, 2026, provided insights into the company's performance for the quarter and year ended March 31, 2026. Management reported a consolidated revenue of INR 215 crores for the last quarter, with significant contributions from the granite segment. The company highlighted the acquisition of a new mining lease in Galaxy, which commenced production in the same quarter. Management noted strong demand for granite in local and Chinese markets, as well as new export opportunities in the Middle East. The CFO reported an EBITDA of 27% and a PAT of 17.16% for the quarter. Management also discussed the ongoing development of a High Purity Quartz plant and a pilot project in collaboration with Kerala Minerals and Metals Limited for Rare Earths. The call concluded with management expressing confidence in future growth and operational improvements.

Management emphasized growth opportunities and strategic developments.

Sourced from an exchange-filed transcript, dated 30 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive27 May 2026
View source filing →

Key takeaway: The investor presentation by Midwest Limited detailed the company's audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Management reported a significant growth in Q4FY26, with revenue, EBITDA, and PAT increasing by 68%, 91%, and 113% quarter-on-quarter, respectively. For FY26, revenue was reported at INR 645.62 crore, a 3.10% increase year-on-year. The presentation highlighted strategic developments, including a 30-year quarry lease from the Government of Andhra Pradesh and the establishment of a wholly owned subsidiary in Sierra Leone. Management emphasized the company's diversification into heavy mineral sands and rare earth minerals, noting its selection as the Lead Consortium Partner for a technology development initiative with the Kerala Minerals and Metals Ltd. The document also outlined Midwest's operational strengths and plans for future growth in various segments.

Management highlighted significant growth and strategic advancements in the company's operations.

Sourced from an exchange-filed presentation, dated 27 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive12 Feb 2026
View source filing →

Key takeaway: The investor presentation by Midwest Limited, dated February 12, 2026, detailed the company's unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Management reported a year-on-year revenue growth of 9%, EBITDA growth of 19%, and PAT growth of 18% for the nine-month period. The presentation highlighted the receipt of a 30-year quarry lease for colored quartzite extraction and plans to establish a subsidiary in Sierra Leone to expand Heavy Mineral Sands reserves. Management emphasized the company's goal to become a leading producer in various segments, including quartz and rare earth materials. The financial highlights included a quarterly revenue of INR 128.86 crore and a PAT of INR 17.36 crore, reflecting a 19.71% increase compared to the previous year. The document also outlined the company's strategic focus on innovation and sustainability initiatives.

Management highlighted growth in financial performance and strategic expansions.

Sourced from an exchange-filed presentation, dated 12 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

Governance disclosures

AI-generated

Needs attention

No item of a kind that needs attention was stored for this company.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

1.46% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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