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Dossier · MIDWEST ENERGY LIMITED · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
MIDWEST ENERGY LIMITED
BSE: 526570
BSE: 526570
Commodities › Construction Materials › Other Construction Materials › Other Construction Materials
MIDWEST ENERGY LIMITED
StateQ1 FY27 filed
Last close · 27 Oct 2026₹259.00
Market cap₹0.3k cr
TTM P/E · P/B · EV/EBITDA214.1 · 0.84 · —
MIDWEST ENERGY LIMITED is a Other Construction Materials company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 1 | 9 |
| EBITDA (ex other income) | (4) | (10) |
| margin % | (548.5) | (115.5) |
| Owners' profit | (6) | (14) |
| EPS, as reported (₹) | 12.36 | 0.00 |
| ROE % · ROCE % | (7.6) · (2.7) | (3.5) · (1.9) |
| Debt / equity (x) | 1.18 | 0.76 |
| Cash from operations | (33) | (10) |
| Capex | (83) | (196) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MIDWEST ENERGY LIMITED · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 6 quarters
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 1 | 1 | 6 | 6 |
| Profit before tax | (7) | (4) | (4) | (3) | (3) | (1) |
| Net profit | (7) | (4) | (4) | (3) | (3) | (1) |
| EPS (₹) | 12.36 | (3.14) | 2.89 | (2.61) | 0.00 | 0.93 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Renewable Energy and Power Storage System | 22 | 77.1 |
| Others | 4 | 13.0 |
| Renewable energy & power storage systems | 3 | 10.0 |
| Total, before eliminations | 29 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| RAMCO INDUSTRIES LIMITED | 2,457 | 7.5 | 0.54 | 9.8 | 6.8 | 4.3 | 8.2 | 19.2 |
| ARISINFRA SOLUTIONS LTD | 1,145 | 16.4 | 1.52 | 9.9 | 8.0 | 10.2 | — | 12.0 |
| BIRLANU LIMITED | 943 | — | 0.85 | 16.8 | (10.8) | (6.5) | 4.2 | 6.8 |
| EVEREST INDUSTRIES LTD | 769 | — | 1.56 | — | (20.6) | (16.0) | 3.1 | 31.7 |
| MARBLE CITY INDIA LIMITED | 403 | 53.2 | 4.32 | 17.6 | 9.5 | 7.0 | — | 23.5 |
| MIDWEST ENERGY LIMITED ◆ | 336 | 214.1 | 0.84 | — | (3.5) | (2.3) | — | 19.4 |
| SAHYADRI INDUSTRIES LTD | 335 | 7.5 | 0.83 | — | 7.1 | 9.4 | — | 16.1 |
| GLITTEK GRANITES LTD. | 196 | 223.3 | 17.90 | — | (3.6) | (3.6) | — | — |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 214.1 | 26.4 | 15 of 17 | 13% |
| P/B | 0.8 | 1.5 | 6 of 20 | 74% |
| ROCE | (2.4) | 2.8 | 17 of 22 | 24% |
| ROE | (3.5) | 2.5 | 15 of 20 | 26% |
| Debt / Equity | 0.8 | 0.1 | 16 of 20 | 21% |
| EBITDA margin | 19.4 | 16.7 | 5 of 16 | 73% |
| Revenue growth | 1163.6 | 14.0 | 1 of 18 | 100% |
| Profit growth | 73.0 | 83.2 | 11 of 19 | 44% |
| Market cap | 336 | 46 | 6 of 22 | 76% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · MIDWEST ENERGY LIMITED · 28 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Quarterly Demat Certificate Filing Under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 10 Oct 2026 · Company Clarifies No Specific Reason for Share Price Movement | compliance | minimal | — | — |
| 9 Oct 2026 · BSE seeks clarification from Midwest Energy on price movement | regulatory legal | medium | — | — |
| 1 Oct 2026 · AGM results: all 3 resolutions passed, Soumya K appointed as CEO for 5 years | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · 36th AGM of Midwest Energy held; 3 resolutions tabled via e-voting | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · Trading window closed from Oct 1 for Q2 results | compliance | minimal | — | — |
| 12 Sept 2026 · Stock Split Record Date Fixed at September 25, 2026 | corporate actions | medium | — | — |
| 10 Sept 2026 · Notice of 36th AGM on September 30, 2026 | compliance | minimal | — | — |
| 10 Sept 2026 · Midwest Energy: 4 postal ballot resolutions passed, including stock split | board shareholder meetings | medium | — | — |
| 10 Sept 2026 · Postal ballot results: 4 resolutions passed including stock split and director appointments | board shareholder meetings | medium | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in