What the business is, and whether it's a good one at a fair price.
Mines and exports natural granite, which contributed INR419.382 cr of segment revenue in the YTD period to 31 December 2025 with segment EBIT of INR109.29 cr; a new 30-year Galaxy mining lease is now producing, targeting INR70-80 cr of FY27 revenue from 10,000-12,000 CBM. Quartz Phase 1 has started full production with installed capacity of ~240,000-250,000 tonnes, and a second Quartz phase (capex INR125-130 cr) is under construction for FY27 commissioning. An HPQ (high-purity quartz) plant of 20,000 tonnes is being built to serve semiconductor and solar crucible markets, while an INR20 cr monazite rare earth oxide pilot plant has been set up under a KMML consortium partnership. The company also signed an MoU with Indonesia's PERMINAS for collaboration across the rare earth value chain. Granite customers include domestic and Chinese buyers, with new direct block exports to Algeria and Egypt; engineered stone quartz sells at INR9,000-14,500 per tonne ex-plant and solar glass quartz at INR7,000 per tonne. Other operating expenses at 62.7% of revenue form the largest cost line, with employee costs at 8.8% and depreciation at 4.8%.
Measured from the filed financials, judged against its Granites & Marbles peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from MIDWEST LIMITED's filed financials and exchange disclosures
MIDWEST LIMITED is a Consumer Durables company listed on NSE and BSE, trading under the symbol MIDWESTLTD.
Yes. Over the trailing twelve months MIDWEST LIMITED reported a net profit of ₹113 Cr on revenue of ₹695 Cr.
Not in the latest reported year — MIDWEST LIMITED's dividend payout for FY26 was nil.
No. Debt stands at 0.18× equity, and it carries net debt of ₹108 Cr. That is lower than 38% of its 9 Granites & Marbles peers.
On trailing P/E, MIDWEST LIMITED ranks 5 of 6 in Granites & Marbles — cheaper than 20% of them, against an industry median of 21.5×. This is a position, not a valuation judgement.
On a typical session MIDWEST LIMITED moves 1.68% — that is the median absolute close-to-close move across its last 218 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by MIDWEST LIMITED 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.