Companies›Commodities›Chemicals›Chemicals & Petrochemicals

MIDLAND POLYMERS LTD.

Chemicals › Chemicals & Petrochemicals

Latest filings

  1. Q2 FY26 results cleared; consolidated profit via new subsidiary · Board & Shareholder Meetings
  2. Six-month consolidated profit of Rs 36.14 lakh amid heavy cash burn · Results
  3. Board meeting postponed to Oct 22 for Q2 results approval · Results
All filings ↓
Ask Nexa about MIDLAND POLYMERS LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Classified as a commodity chemicals company on BSE, this entity currently has no operational revenue and has reported losses for the past three years. FY26 results show a net loss of Rs. 14.07 lakhs against total assets of Rs. 41.15 lakhs and a negative net worth. The board has approved acquiring a 70% stake in JMRCLEAN Energy Private Limited, a Hyderabad-based renewable energy EPC firm, through a share swap. The company is altering its objects clause to enter power transmission, underground cabling, wind energy, defence infrastructure, and infrastructure projects, with a planned preferential issue of Rs. 26.29 crore — Rs. 23.29 crore earmarked for the subsidiary and Rs. 3 crore for general corporate purposes. The transactions remain subject to regulatory approvals, with effective control set to shift to five new acquirers from the clean energy and infrastructure sector.

Operating scale
JMRCLEAN Energy order book
Rs. 1,550 crore
JMRCLEAN Energy turnover
Rs. 71.4 crore
Acquisition stake in JMRCLEAN Energy
70%
FY26 negative net worth
Rs. 211.77 lakhsFY26
Who pays it
Currently none; planned customers post-acquisition would be the renewable energy and infrastructure clients served by JMRCLEAN Energy
Kind of business
Currently a dormant BSE-listed shell entity; planned transition into renewable energy EPC and infrastructure via acquisition of JMRCLEAN Energy
Where it sits
Small BSE-listed company in the process of change of control to five acquirers from the clean energy and infrastructure sector; current business described in filings as having no operational revenue
Market Cap
₹—
P / E (TTM)
—
EV / EBITDA
—
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
6.6%·
ROCE (FY26)
ROE n/m · margin —
Leverage
n/m·
Debt / Equity · negative net worth
Net debt ₹2.51 Cr
Revenue FY24→FY26
0.0×▼
Revenue change
₹0 Cr → ₹0 Cr
Where it sits among 66 Commodity Chemicals peersBar = share of peers beaten · tick = industry median · latest reported figures
ROCE#28/62
Profit growth#63/64

Scorecard

Measured from the filed financials, judged against its Commodity Chemicals peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Negative net worth — liabilities exceed assets by ₹2.12 Cr (FY26)
Debt-to-equity and return on equity are not meaningful below zero equity

Charts

How has the market priced it — with filings on the timeline?

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from MIDLAND POLYMERS LTD.'s filed financials and exchange disclosures

What does MIDLAND POLYMERS LTD. do?

MIDLAND POLYMERS LTD. is a Chemicals & Petrochemicals company listed on BSE.

Is MIDLAND POLYMERS LTD. profitable?

No. Over the trailing twelve months MIDLAND POLYMERS LTD. reported a net loss of ₹0.40 Cr with no revenue reported.

Does MIDLAND POLYMERS LTD. pay a dividend?

Not in the latest reported year — MIDLAND POLYMERS LTD.'s dividend payout for FY26 was nil.

Is MIDLAND POLYMERS LTD. debt-free?

No. It reported borrowings of ₹2.53 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹2.51 Cr after cash. Its net worth is negative — liabilities exceed assets by ₹2.12 Cr, so a debt-to-equity ratio is not meaningful.

Where can I track MIDLAND POLYMERS LTD.'s announcements?

Every NSE and BSE filing by MIDLAND POLYMERS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.