Midwest Gold
Midwest Gold (REMAGNET) share price was ₹258.10 at the 27 Oct 2026 close; market capitalisation ₹3,348 Cr; sector Commodities. In the Jun 2026 quarter, revenue was ₹6.24 Cr, against ₹0.49 Cr a year earlier and net profit was −₹1.02 Cr, against −₹3.78 Cr a year earlier (compared with Jun 2025). Promoters held 58.45% of Midwest Gold in Jun 2026, down 0.33 percentage points from Mar 2026. Its Tapetide Score is 34/100 (Poor) as of 28 Oct 2026.
Key Fundamentals
MicrocapConstruction MaterialsConstructionPrice-based figures as of 28 Oct 2026, 16:30 IST · EPS basis: Consolidated · TTM
Peer Comparison
Commodities › Other Construction Materials
Midwest Gold (this company) | ₹267.30 | — | 3,467 Cr | 8.48 | 0.00% | -3.52% | -1.91% | 18 Cr | -11 Cr |
|---|---|---|---|---|---|---|---|---|---|
| ₹288.50 | 7.66 | 2,505 Cr | 0.55 | 0.44% | 3.00% | 4.71% | 1,906 Cr | 328 Cr | |
| ₹141.45 | 17.40 | 1,157 Cr | 1.57 | 0.00% | 8.03% | 13.79% | 1,160 Cr | 75 Cr | |
| ₹1,249.80 | — | 942 Cr | 0.85 | 1.20% | -10.77% | -2.68% | 3,934 Cr | -109 Cr | |
| ₹481.70 | — | 764 Cr | 1.27 | 0.21% | -20.56% | -11.67% | 1,469 Cr | -1 Cr | |
| ₹154.00 | 52.38 | 401 Cr | 1.23 | 0.00% | 9.51% | 15.40% | 105 Cr | 9 Cr | |
| ₹215.25 | — | — | — | — | — | — | — | — | |
| Median 7 companies | ₹267.30 | 17.40 | 1,050 Cr | 1.25 | 0.11% | -0.26% | 1.40% | 1,315 Cr | 4 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
v2.0.0
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Weaknesses
5- Stock is trading at 11.6 times its book value
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
- Company has high debtors of 299 days.
- Promoter holding has decreased over last 3 years: -13.6%
Technical Indicators
Oscillators
Bullish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin -7.37% · Jun 2026
AI Analysis — Bull vs Bear
Midwest Energy Ltd (Construction sector) has a market cap of ₹4,863 Cr with explosive TTM sales growth of 1,010% and a stock CAGR of 169% over 1 year, but the company is currently loss-making with a negative PE of -354.2 and last year ROE of -6%, indicating profitability challenges despite rapid revenue expansion.
- TTM revenue growth of 1,010% indicates a massive ramp-up in top-line business activity
- 1-year stock CAGR of 169% reflects significant market re-rating and investor interest
- 3-year stock CAGR of 388% demonstrates sustained long-term price momentum
- 5-year stock CAGR of 196% shows the company has delivered multi-bagger returns over a longer horizon
- Market cap of ₹4,863 Cr suggests the company has achieved meaningful scale in the construction sector
- Zero dividend yield indicates the company is retaining all earnings for reinvestment and growth
- Explosive sales growth at TTM 1,010% could translate into operating leverage and profitability once the business matures
- Negative PE ratio of -354.2 confirms the company is currently loss-making at the net profit level
- TTM compounded profit growth of -153% shows profitability is deteriorating sharply even as revenues surge
- High debtor days of 299 indicates severe working capital stress and potential collection risk
- Promoter holding has declined by 13.6% over 3 years, signaling reduced insider confidence
- Price-to-book ratio of 11.95x (trading at 12.3x book value) is extremely elevated for a construction sector company
- Low interest coverage ratio suggests debt servicing ability is under pressure
- Company might be capitalizing interest costs, which could overstate asset values and understate true losses
- Last year ROE of -6% confirms the company is destroying shareholder value on an equity return basis
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Board reshuffle and CFO change Jul 28
Four directors and CFO resigned on July 28, 2026, with new appointments including a seasoned banker as independent director and a new CFO. A related-party consultancy deal with former WTD Deepak Kukreti requires shareholder approval via postal ballot.
TL;DR: Midwest Energy underwent a significant board and management overhaul on July 28, with multiple resignations and fresh appointments. No immediate operational or financial impact is evident, but the related-party transaction requiring shareholder approval warrants monitoring. The governance reset could signal either instability or a strategic refresh, and clarity will depend on how the new leadership executes going forward.
Quarterly Results
| Particulars | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 0.49 | 1.2 | 1.2 | 5.76 | 6.24 |
| Expenses | 3.21 | 3.24 | 3.22 | 8.98 | 6.7 |
| Operating Profit | -2.72 | -2.04 | -2.02 | -3.22 | -0.46 |
| OPM % | -555.1% | -170% | -168.33% | -55.9% | -7.37% |
| Other Income | 0.3 | 0.21 | 0.23 | 1.13 | 1.67 |
| Interest | 0.66 | 0.84 | 0.59 | 0.5 | 1.29 |
| Depreciation | 0.7 | 0.85 | 0.87 | 0.86 | 0.94 |
| PBT | -3.78 | -3.52 | -3.25 | -3.45 | -1.02 |
| Tax % | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -3.78 | -3.53 | -3.25 | -3.45 | -1.02 |
| EPS (₹) | -0.31 | -0.29 | -0.27 | -0.27 | -0.08 |
Profit & Loss
| Particulars | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|
| Sales | 1 | 9 | 14 |
| Expenses | 5 | 19 | 22 |
| Operating Profit | -4 | -10 | -8 |
| OPM % | -533% | -114% | -54% |
| Other Income | 0 | 2 | 3 |
| Interest | 2 | 3 | 3 |
| Depreciation | 1 | 3 | 4 |
| PBT | -7 | -14 | -11 |
| Tax % | 0% | 0% | — |
| Net Profit | -7 | -14 | -11 |
| EPS (₹) | -0.62 | -1.09 | -0.91 |
| Div. Payout % | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Equity Capital | 11 | 13 |
| Reserves | 75 | 388 |
| Borrowings | 106 | 302 |
| Other Liabilities | 10 | 12 |
| Total Liabilities | 202 | 714 |
| Fixed Assets | 28 | 115 |
| CWIP | 76 | 189 |
| Investments | 0 | 2 |
| Other Assets | 98 | 408 |
| Total Assets | 202 | 714 |
Cash Flow
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | -33 | -14 |
| Investing | -84 | -416 |
| Financing | 156 | 517 |
| Net Cash Flow | 39 | 87 |
| Free Cash Flow | -116 | -210 |
| CFO/OP | 798 | 132 |
Ratios
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Debtor Days | 295 | 299 |
| Inventory Days | 879 | 2,468 |
| Days Payable | 128 | 72 |
| Cash Conversion Cycle | 1,045 | 2,694 |
| Working Capital Days | -702 | -3,283 |
| ROCE % | — | -3% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Midwest Gold insights
58 extracted metrics + investor summaries across FY10–FY27.
Documents
Frequently Asked Questions about Midwest Gold
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Company Information
Incorporated in 1990, Midwest Gold Ltd processing and trading business of Granite, Marble and other natural stone[1]
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