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    Non-energy minerals

  3. •

    Precious metals
Midwest Energy Limited

Midwest Energy Limited

BBSE:REMAGNET
251.00
INR
+1.45
(+0.58%)
-1.01EPS
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.33
0.04
1.24
0.79
0.04
0.03
0.18
0.11
0.04
0.54
0.32
0.17
0.77
1.3
Basic EPS, GAAP
-0.13
0.03
-0.35
-0.57
-0.41
-0.23
-0.38
-0.42
-0.5
-2.94
-0.7
-1.24
-1.12
-0.95
Free Cash Flow per Basic Share
-0.02
-0.01
0.04
- -
-0.01
0.04
-0.17
0.1
-1.12
-0.59
-0.13
-25.69
-29.04
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.02
-0.56
-0.92
-1.49
-1.9
-2.13
-2.51
-2.94
-3.43
-6.37
-7.08
7.81
31.06
- -
Tangible Book Value per Share
-0.02
-0.56
-0.92
-1.49
-1.9
-2.13
-2.51
-2.94
-3.43
-6.37
-7.08
4.1
27.24
- -
Basic Weighted Avg Shares
33
32
33
33
33
33
33
33
33
33
33
45
113
111
Sales/Revenue/Turnover
11
1
41
26
1
1
6
4
1
18
10
8
87
144
Operating Margin (%)
-56.6
-493.95
-26.57
-67.95
-769.52
-678.9
-142.02
-330.92
-767.85
-300.75
-106.67
-575.34
-149.61
-78.18
Depreciation Expense
1
2
2
4
3
2
2
1
1
1
1
6
33
35
Net Income, GAAP
-4
1
-12
-19
-13
-7
-13
-14
-16
-96
-23
-56
-126
-106
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-37.88
75.37
-28.49
-72.21
-1,097.8
-702.16
-216.13
-372.85
-1,311.17
-548.84
-219.67
-721.51
-145.6
-73.26
Working Capital
-97
-102
-112
-125
-126
-130
-139
-152
-169
-232
-254
400
1,417
- -
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
637
1,846
- -
Total Equity
-1
-18
-30
-49
-62
-70
-82
-96
-112
-208
-231
873
3,982
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-5.18
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,036
- -
LT Borrowings
- -
1,846
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
110
129
130
Market Capitalization
- -
- -
- -

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,585
- -
Cash, Cash Equivalents & STI
- -
2,162
- -
Accounts Receivable, Net
- -
71
- -
Inventories
- -
64
- -
Total Current Liabilities
- -
1,168
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,036
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.96%
-1.47%
356.28%
Free Cash Flow
2,487.58%
5,364.57%
182.27%
Net Income, GAAP
77.01%
140.66%
125.24%
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
2025
- -
- -
3
5
8
2026
5
12
12
58
87
2027
62
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.17
-0.12
-0.1
-0.62
-1.24
2026
-0.31
-0.29
-0.26
-0.3
-1.12
2027
-0.09
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Soumya Kukreti
Full Time Employees
40
Sector
Non-energy minerals
Industry
Precious metals
Address
Hyderabad India
IPO Date
Jun 30, 1994
Website
midwestgoldltd.com
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Business
Midwest Energy Limited is an Indian clean energy technology and advanced materials company specializing in the manufacturing of battery energy storage systems and sintered rare-earth permanent magnets, alongside legacy natural stone processing. The company's core product and service portfolio comprises utility-scale, commercial, and industrial Battery Energy Storage Systems (BESS) ranging from 3 kWh to 6 MWh; integrated cell-to-container energy storage solutions; lithium-ion battery packs, modules, trays, and high-voltage racks; proprietary Battery Management Systems (BMS) and power control architectures; sintered neodymium-iron-boron (NdFeB) rare-earth permanent magnets designed for electric mobility, wind turbines, electronics, aerospace, and defense applications; and processed granite blocks, slabs, and tiles. Founded in 1990 as Nova Granites (India) Limited and headquartered in Hyderabad, Telangana, India, the company maintains manufacturing, processing, and assembly facilities in Hyderabad and Bengaluru, serving energy developers, industrial enterprises, grid operators, original equipment manufacturers, and natural resource consumers across domestic and international markets. In recent developments, the company executed a major corporate transformation by completing the amalgamation of its wholly-owned subsidiary Midwest Energy Private Limited and formally rebranding from Midwest Gold Limited to Midwest Energy Limited in May 2026 under the BSE trading symbol REMAGNET. In mid-2026, the company commenced commercial operations at its 1.2 GWh cell-to-container BESS production facility in Bengaluru, with expansion plans to scale capacity up to 6 GWh. Concurrently, Midwest Energy commissioned a commercial-scale sintered rare-earth permanent magnet manufacturing facility in Hyderabad with an initial capacity of 500 tonnes per annum, expandable to 5,000 tonnes per annum. To secure raw material supply for its mine-to-magnet value chain, the company entered into strategic agreements and Memoranda of Understanding with the Non-Ferrous Materials Technology Development Centre and Indonesia-based PT Perusahaan Mineral Nasional for rare-earth mineral exploration, mining, and refining, while executing a ten-for-one equity share split in September 2026.