---
title: "Midland Plastics Ltd (523698) — Share Price, Financials & Analysis"
symbol: "523698"
company: "Midland Plastics Ltd"
canonical: "https://tapetide.com/stocks/523698"
isin: "INE423F01015"
bse_code: "523698"
generated_at: "2026-10-13T10:58:40.128Z"
---

# Midland Plastics Ltd (523698)

Canonical page: https://tapetide.com/stocks/523698

## Company

- **BSE Code:** 523698
- **ISIN:** INE423F01015
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** midplast.com

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 15% |
| revenue growth | 18% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 59.55 | 50.45 | 64.01 | 56.94 | 50.26 | 54.93 | 55.2 | 72.76 | 84.9 | 49.87 | 73.7 | 75.03 |
| Expenses | 57 | 48.82 | 62.13 | 54.83 | 48.4 | 53.38 | 52.81 | 69.94 | 81.28 | 47.49 | 70.44 | 71.36 |
| Operating Profit | 2.55 | 1.63 | 1.88 | 2.11 | 1.86 | 1.55 | 2.39 | 2.82 | 3.62 | 2.38 | 3.26 | 3.67 |
| OPM % | 4.28 | 3.23 | 2.94 | 3.71 | 3.7 | 2.82 | 4.33 | 3.88 | 4.26 | 4.77 | 4.42 | 4.89 |
| Other Income | 0 | 0 | 0.71 | 0.16 | 0 | 0.5 | 0.37 | 0.53 | 0 | 0.51 | 0.44 | 1.83 |
| Interest | 0.33 | 0.31 | 0.38 | 0.45 | 0.57 | 0.49 | 0.77 | 0.7 | 0.52 | 0.93 | 0.96 | 1 |
| Depreciation | 0.37 | 0.35 | 0.33 | 0.34 | 0.33 | 0.34 | 0.27 | 0.3 | 0.31 | 0.28 | 0.28 | 0.28 |
| Profit before tax | 1.85 | 0.97 | 1.88 | 1.48 | 0.96 | 1.22 | 1.72 | 2.35 | 2.79 | 1.68 | 2.46 | 4.22 |
| Tax % | 30.27 | 32.99 | 30.32 | 31.08 | -5.21 | 25.41 | 24.42 | 8.51 | 17.56 | 26.79 | 28.86 | 26.3 |
| Net Profit | 1.29 | 0.65 | 1.31 | 1.01 | 1.01 | 0.91 | 1.3 | 2.14 | 2.3 | 1.23 | 1.74 | 3.11 |
| EPS in Rs | 0.9 | 0.45 | 0.91 | 0.71 | 0.71 | 0.64 | 0.91 | 1.49 | 1.61 | 0.86 | 1.22 | 2.17 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Sales | 21.11 | 24.99 |
| Expenses | 22.12 | 25.34 |
| Operating Profit | -1.01 | -0.35 |
| OPM % | -4.78 | -1.4 |
| Other Income | 0.91 | 0.14 |
| Interest | 0.9 | 0.79 |
| Depreciation | 0.27 | 0.26 |
| Profit before tax | -1.27 | -1.26 |
| Tax % | 0.79 | 0.79 |
| Net Profit | -1.28 | -1.27 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Equity Capital | 3.94 | 3.94 |
| Reserves | -4.96 | -6.3 |
| Borrowings | 9.25 | 9.23 |
| Other Liabilities | 5.4 | 6.28 |
| Total Liabilities | 13.63 | 13.15 |
| Fixed Assets | 2.4 | 2.08 |
| CWIP | 0 | 0 |
| Investments | 0.13 | 0.13 |
| Other Assets | 11.1 | 10.94 |
| Total Assets | 13.63 | 13.15 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Cash from Operating Activity | -1.75 | 0.15 |
| Cash from Investing Activity | 0.01 | 0 |
| Cash from Financing Activity | 1.71 | -0.12 |
| Net Cash Flow | -0.03 | 0.03 |
| Free Cash Flow | -1.74 | 0.15 |
| CFO/OP | 173 | -43 |

### Ratios

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Debtor Days | 86.11 | 74.93 |
| Inventory Days | 95.35 | 89.14 |
| Days Payable | 87.36 | 89.5 |
| Cash Conversion Cycle | 94.1 | 74.56 |
| Working Capital Days | 93.89 | 63.83 |
| ROCE % | — | -7.15 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 44.45% | 44.42% | 44.42% | 44.41% | 44.42% | 44.42% | 44.42% | 44.42% | 44.42% | 44.42% | 44.42% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.25% |
| DIIs | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.36% | 0.32% | 0.32% | 0.32% |
| Government | 0% | 0% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0% | 0.04% | 0.04% | 0.04% |
| Public | 55.22% | 55.26% | 55.22% | 55.23% | 55.22% | 55.22% | 55.22% | 55.22% | 55.22% | 55.23% | 54.97% |
| No. of Shareholders | 6879 | 6700 | 7384 | 7311 | 7392 | 7612 | 8930 | 9461 | 9432 | 13824 | 20593 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 44.42% | 44.42% | 44.42% | 44.42% | 44.42% | 44.42% | 44.42% | 44.42% | 44.42% | 44.42% | 44.42% | 44.42% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.05% | 0% | 0.18% | 0.08% | 0.25% |
| DIIs | 0.36% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% |
| Government | 0% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% |
| Public | 55.22% | 55.22% | 55.22% | 55.22% | 55.22% | 55.22% | 55.21% | 55.17% | 55.23% | 55.05% | 55.14% | 54.97% |
| No. of Shareholders | 9461 | 9443 | 9426 | 9902 | 9432 | 10628 | 10971 | 12290 | 13824 | 14481 | 14625 | 20593 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 45.44 | Sell |
| EMA (10) | 45.36 | Sell |
| SMA (20) | 48.14 | Sell |
| EMA (20) | 47.19 | Sell |
| SMA (50) | 51.28 | Sell |
| EMA (50) | 51.3 | Sell |
| SMA (100) | 58.35 | Sell |
| EMA (100) | 57.23 | Sell |
| SMA (200) | 70.49 | Sell |
| EMA (200) | 63.86 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 36.16 | Neutral |
| MACD (12,26,9) | -2.29 | Sell |
| Stochastic (14,3,3) | 17.99 | Buy |
| ADX (14) | 29.44 | Buy |
| Williams %R (14) | -76.14 | Neutral |
| ATR (14) | 2.3 | High Volatility |
| ROC (12) | -9.27 | Sell |
| Stoch RSI (14) | 62.78 | Neutral |
| UO (7,14,28) | 36.32 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-13 | [Board Meeting Outcome for UN-AUDITED QUARTERLY RESULTS DEC 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9c2f399f-6742-4fb3-afb1-ef289ad7d373.pdf) |
| 2026-02-13 | [Results - Unaudited Financial Results For The Quarter Ended 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/702722a0-3adc-4ee2-b0a9-6b1a5dc26120.pdf) |
| 2026-02-02 | [Board Meeting Intimation for Board Meeting For Quarterly Results](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8a470862-8380-48fa-997c-3b15f301f2dc.pdf) |
| 2026-01-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6774d1a-b5e1-4d29-96f4-4300ee3dd296.pdf) |
| 2026-01-01 | [Clarification](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ce5e3fb2-23ee-41f4-a0a2-b012bbbd93d0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e3c2ea5a-ea04-429a-b1d0-a26ef1a84cb6.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7257be12-9ad5-424b-a1d3-bcfc96cb4a81.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/38a6c97d-ae12-4a07-a2ea-01f0613cadc6.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/526027/74264526027.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/526027/69380526027.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/526027/67591526027.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/526027/5260270319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/526027/5260270318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/526027/5260270317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/526027/5260270316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:40.128Z.