NSE: MIDWESTLTD · BSE: 544587 · ISIN INE0XAD01024
Midwest Limited stock analysis
Midwest Limited ranks #202 in the TickerSutra evidence-ranked universe with a score of 69/100 and 87% data confidence. The latest captured fundamentals show ROCE of 15.4%, quarterly sales growth of 34.8% and quarterly profit growth of 26.7%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.2×
- Strong CFO/EBITDA of 1.01×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹525cr | ₹108cr | ₹67cr | 20.0% |
| 2023 | ₹503cr | ₹91cr | ₹54cr | 18.0% |
| 2024 | ₹586cr | ₹158cr | ₹100cr | 27.0% |
| 2025 | ₹626cr | ₹175cr | ₹133cr | 28.0% |
| 2026 | ₹646cr | ₹174cr | ₹106cr | 27.0% |
| TTM | ₹695cr | ₹184cr | ₹113cr | 27.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Midwest Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 2026
RoutineMidwest Ltd - 544587 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 28 Sept 2026Proceedings of the 45th Annual General Meeting
RoutineTrading WindowNSE · 27 Sept 2026 · Structured filingMidwest Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Midwest Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Open original XBRL sourceMANAGEMENT COMMENTARY
Signals from filed documents
The most of the is sues are ironed out. We are good to go , and we have started the commercial production as we speak. And then, I think we will try to make up as much, but I think next year -- next year we are looking at doing good volumes beyond what we planned , because of the small changes that we have made in order to streamline the plant over the last quarter.
So, then the imports also become more attractive for them. And I think overall China, our largest export market, is also looking sound. And so our challenge or our focus was always on the execution and getting the volumes up, because demand was never an issue.
So, that is also something which is exciting. And we were waiting for the product testing certification and approval from customers to look at the volumes on the solar glass side. So, now once that is through, we have more clarity on what could be the volumes that we can position to the solar glass market.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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