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  2. SECTOR : CEMENT AND CONSTRUCTION
  3. INDUSTRY : CONSTRUCTION MATERIALS
  4. MIDWEST LTD.
Midwest Ltd.
NSE: MIDWESTLTD | BSE: 544587
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1063.35-41.40(-3.75%)
9,663
NSE+BSE Volume

NSE 30 Oct, 2026 3:31 PM (IST)

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Midwest quarterly and annual financials: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Midwest quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Midwest Jun-2026 Quarterly Revenue is Rs 106 Cr which is growth of 28.4% YoY.

  • POSITIVE

    Quarterly Net Profit Midwest Jun-2026 Quarterly Net Profit is Rs 21 Cr which is growth of 49.7% YoY.

Midwest Ltd., Quarterly, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24
⌄
106122.5109124.782.6309.377.1101.1
Operating Exp.
71.781.962.878.656.5192.95660.8
Operating Profit
26.835.940.243.722.289.116.418.7
Operating Profit Margin %
27.22%30.47%39.02%35.72%28.27%31.61%22.60%23.53%
Depr.
554.94.74.412.64.44.4
Interest
1.11.12.22.62.55.41.91.8
Profit Before Tax
28.234.539.238.719.298.414.834.2
Tax
7.18.910.39.75.125.13.79.1
Net Profit
21.125.628.929.114.173.311.125.2
EPS Adj. latest
5.87.1883.920.33.17
Net profit TTM
104.797.6145.4127.6123.7---
Basic EPS TTM
28.92740.237.736.6---
Earnings Transcripts
    
Results PDF
    
Result Notes
    
*All financials are in INR Cr and price data in INR

Midwest competitor comparison and performance snapshot within industry

Midwest revenue mix: sales, profit, and capital employed breakups by segment

Midwest annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

  • POSITIVE

    Annual Revenue Midwest Mar-2026 Annual Revenue is Rs 439 Cr which is growth of 8.5% YoY.

  • POSITIVE

    Annual Net Profit Midwest Mar-2026 Annual Net Profit is Rs 98 Cr which is growth of 10.3% YoY.

Midwest Ltd., Annual, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20
10.1%
13.3%
462.2438.8404.4364328.9340235.1191.7
Operating Exp. Ann.
4.2%
11.2%
295279.8260.3247.6247253.7164.6152.9
Operating Profit Ann.
31.1%
20.6%
146.6142109.494.56377.255.736.2
OPM Ann. %
19.1%
6.4%
 32.36%27.07%25.96%19.14%22.70%23.68%18.91%
⌄
4.7%
10.8%
 307.2285.8268.9268271.7184.3171.3
EBITDA Ann.
24.7%
17.7%
 159144.1116.481.986.370.438.8
EBITDA Ann. margin %
13.3%
3.9%
 36.24%35.63%31.99%24.90%25.38%29.97%20.24%
Interest Ann.
10.7%
10.9%
78.47.66.26.25.455.3
Depr.
8.7%
5.3%
19.61917.815.114.812.614.713.1
PBT Ann.
29.3%
21%
140.6131.6118.695.160.968.350.720.4
Tax Ann.
29.3%
20%
35.933.930.122.515.717.413.64.9
29.3%
21.3%
 97.688.572.745.250.937.215.5
Net Profit Ann.
29.3%
21.3%
104.697.688.572.745.250.937.215.5
NPM Ann. %
16.6%
6.5%
 23.14%23.92%21.23%14.58%15.38%16.86%8.21%
EPS Adj. latest Ann.
29.3%
21.3%
 2724.520.112.514.110.34.3
Result Notes
       
Annual Reports
       
*All financials are in INR Cr and price data in INR
Total Rev. Ann.
1Y CHG
8.5%
2Y CAGR
9.8%
3Y CAGR
10.1%
5Y CAGR
13.3%
Net Profit Ann.
1Y CHG
10.3%
2Y CAGR
15.9%
3Y CAGR
29.3%
5Y CAGR
21.3%
Operating Exp. Ann.
1Y CHG
7.5%
2Y CAGR
6.3%
3Y CAGR
4.2%
5Y CAGR
11.2%

Midwest balance sheet as of Mar 2026: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund Midwest Mar-2026 Total Shareholders Fund is Rs 820 Cr which is growth of 66.4% YoY.

  • POSITIVE

    Total Assets Midwest Mar-2026 Total Assets is Rs 976 Cr which is growth of 42.3% YoY.

Midwest Ltd., Balance Sheet, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20
⌄
33.3%
26.9%
819.8492.6404.8345.8300.4249.5222.7
Minority Interest Liability Ann.
-
-
-------
⌄
6.3%
5.5%
49.374.15741.134.737.835.5
3.5%
3.5%
106.611989.696.2126.789.974.7
Total Capital Plus Liabilities Ann.
26.4%
20.9%
975.6685.7551.3483.1461.8377.1332.9
⌄
9%
8.3%
258.3246.5204.2199.2190173.5161.5
⌄
17.2%
13.7%
526.5463.9401.1326.9310.8276.6258
42.2%
34.9%
449.1221.9150.2156.2151100.575
Total Assets Ann.
26.4%
20.9%
975.6685.7551.3483.1461.8377.1332.9
Contingent Liabilities plus Commitments Ann.
35.5%
20.8%
179.4141.782.572.161.269.7
Bonus Equity Share Capital Ann.
-
-
16.216.28.9
Non Current Investments Unquoted Book Value Ann.
2.4%
7.4%
95.991.892.989.379.167
Current Investments Unquoted Book Value Ann.
-
-
18.90.7
*All financials are in INR Cr and price data in INR
Total Assets Ann.
1Y CHG
42.3%
2Y CAGR
33%
3Y CAGR
26.4%
5Y CAGR
20.9%
Total Current Liabilities Ann.
1Y CHG
-10.4%
2Y CAGR
9.1%
3Y CAGR
3.5%
5Y CAGR
3.5%
Total ShareHolders Funds Ann.
1Y CHG
66.4%
2Y CAGR
42.3%
3Y CAGR
33.3%
5Y CAGR
26.9%

Midwest ROE, ROCE, book value, and debt-to-equity ratio as of Mar 2026 – 11 year history

  • POSITIVE

    Book Value Per Share Midwest Mar-2026 Book Value Per Share is 227 Rs which is growth of 55.6% YoY.

  • POSITIVE

    ROE Midwest Mar-2026 ROE is 12% which is growth of 6.0% YoY.

Midwest Ltd., Ratios, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20
BVSH Ann.
-83%
-63.2%
226.7145.74,189.646,537.640,418.533,569.224,382.3
RoA Ann. %
2.2%
0.3%
10.00%12.90%13.17%9.36%11.02%9.85%4.66%
ROE Ann. %
-3.1%
-4.4%
11.90%17.95%17.94%13.07%16.94%14.89%6.97%
ROCE Ann. %
-2.4%
-3.7%
16.10%22.27%21.95%17.34%21.99%19.39%9.94%
⌄
       
⌄
       
⌄
       
Total Debt to Total Equity Ann.
-30.7%
-12.9%
0.10.20.20.30.20.20.2
*All financials are in INR Cr and price data in INR
ROE Ann. %
1Y CHG
-33.7%
2Y CAGR
-18.6%
3Y CAGR
-3.1%
5Y CAGR
-4.4%
RoA Ann. %
1Y CHG
-22.5%
2Y CAGR
-12.9%
3Y CAGR
2.2%
5Y CAGR
0.3%
Current Ratio Ann.
1Y CHG
121.1%
2Y CAGR
57.2%
3Y CAGR
37.9%
5Y CAGR
30.7%

Midwest cash flow: net, operating, investing, and financing flows as of Mar 2026 – 11 year history

  • POSITIVE

    Cash From Operating Activity Midwest Mar-2026 Cash From Operating Activity is Rs 93 Cr which is growth of 348.9% YoY.

  • POSITIVE

    Net Cash Flow Midwest Mar-2026 Net Cash Flow is Rs 40 Cr which is growth of 2779.7% YoY.

Midwest Ltd., Cash Flow, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20
-
11.2%
92.820.7106.4-18.687.554.646.5
Cash from Investing Act. Ann.
-
-
-229-43-65.3-5-78.2-36.6-36.3
Cash from Financing Act. Ann.
104.3%
-
176.523.7-40.520.7-7.8-16.8-9.2
-
101.9%
40.31.40.6-2.91.61.21
*All financials are in INR Cr and price data in INR
Cash from Operating Act. Ann.
1Y CHG
348.3%
2Y CAGR
-6.6%
5Y CAGR
11.2%
Cash from Financing Act. Ann.
1Y CHG
644.7%
3Y CAGR
104.3%

Midwest investor presentations, annual reports, credit ratings, and earnings calls with AI summary, video, and audio access