1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Precious metals
Midwest Gold Limited

Midwest Gold Limited

BBSE:MIDWEST
2,967.50
INR
-132.50
(-4.27%)
-12.60EPS
66.07BMarket Cap
Midwest Gold Limited
BSE:MIDWEST
(Bombay Stock Exchange)

Recent

price

2,967.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
4.48
13.99
20.81
3.3
0.36
12.43
7.94
0.37
0.33
1.77
1.13
0.38
5.35
3.2
0.7
6.71
7.79
Revenue per Share
-1.04
-0.25
0.19
-1.25
0.27
-3.54
-5.74
-4.11
-2.29
-3.83
-4.23
-4.95
-29.38
-7.02
-6.19
-10.86
-11.69
Basic EPS, GAAP
-0.03
-0.09
0.12
-0.15
-0.12
0.45
0.03
-0.05
0.38
-1.66
1.02
-11.22
-5.86
-1.27
-30.13
-105.5
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.08
0.83
1.02
-0.23
-5.62
-9.17
-14.9
-19.01
-21.3
-25.13
-29.35
-34.3
-63.68
-70.75
80.33
310.64
310.64
Book Value per Share
1.08
0.83
1.02
-0.23
-5.62
-9.17
-14.9
-19.01
-21.3
-25.13
-29.35
-34.3
-63.68
-70.75
41.01
272.4
272.4
Tangible Book Value per Share
3
3
3
3
3
3
3
3
3
3
3
3
3
3
11
13
11
Basic Weighted Avg Shares
15
46
68
11
1
41
26
1
1
6
4
1
18
10
8
87
87
Sales/Revenue/Turnover
-20.14
-2.37
2.02
-56.6
-493.95
-26.57
-67.95
-769.52
-678.9
-142.02
-330.92
-767.85
-300.75
-106.67
-623.85
-153.42
-153.42
Operating Margin (%)
1
1
1
1
2
2
4
3
2
2
1
1
1
1
6
33
33
Depreciation Expense
-3
-1
1
-4
1
-12
-19
-13
-7
-13
-14
-16
-96
-23
-68
-140
-130
Net Income, GAAP
- -
- -
30.9
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-23.23
-1.79
0.91
-37.88
75.37
-28.49
-72.21
-1,097.8
-702.16
-216.13
-372.85
-1,311.17
-548.84
-219.67
-881.45
-161.76
-150.12
Profit Margin (%)
-92
-93
-92
-97
-102
-112
-125
-126
-130
-139
-152
-169
-232
-254
399
1,415
1,415
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
637
1,981
1,981
LT Debt
4
3
3
-1
-18
-30
-49
-62
-70
-82
-96
-112
-208
-231
898
3,982
3,982
Total Equity
- -
- -
20.58
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
20.58
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-26.22
20.58
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-5.72
-5.31
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
300
- -
1,035
LT Borrowings
1,216
- -
1,981
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
13
Market Capitalization
30,069
54,130
66,068

Working Capital

INR

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
701
- -
2,585
Cash, Cash Equivalents & STI
257
- -
2,197
Accounts Receivable, Net
14
- -
71
Inventories
52
- -
64
Total Current Liabilities
381
- -
1,169
Payables & Accruals
- -
- -
- -
ST Debt
300
- -
1,035
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.62%
-6.16%
343.6%
Free Cash Flow
496.34%
1,382.09%
308.87%
Net Income, GAAP
80.37%
147.39%
104.83%
Sales/Revenue/Turnover
246.31%
440.13%
1,016.15%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
1
- -
7
10
2025
- -
- -
3
5
8
2026
5
12
12
58
87

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.32
-2.16
-1.51
-2.03
-7.02
2025
-1.66
-1.15
-1.01
-3.23
-6.19
2026
-3.14
-2.89
-2.61
-3.05
-10.86

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Midwest Gold Ltd. (BSE: MIDWEST.BO) engages primarily in the processing and trading of granite, marbles, and other natural stones in India; the company manufactures and markets polished granite slabs, tiles, blocks, and marble products sourced locally and imported. Incorporated in 1990 as Nova Granites (India) Limited and renamed Midwest Gold Limited in December 2010, it maintains headquarters in Bengaluru, Karnataka, with operations centered in the Attibele Industrial Area; it targets domestic and international markets in the natural stone sector, leveraging mining leases and processing capabilities for granite blocks and related minerals. Recent developments include board approval for a scheme of amalgamation with Midwest Energy Private Limited, ongoing preferential issue of up to 1 million equity shares at a premium totaling Rs 1,500 million to non-promoter allottees in 2025, applications for new mining leases to expand into mineral and mining operations, and significant stock performance with shares surging over 2,100% year-to-date as of October 2025 amid strategic positioning in granite and marble markets.