---
title: "Mid India Industries Ltd (MIDINDIA) — Share Price, Financials & Analysis"
symbol: "MIDINDIA"
company: "Mid India Industries Ltd"
canonical: "https://tapetide.com/stocks/MIDINDIA"
bse_code: "500277"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
generated_at: "2026-09-13T19:03:24.031Z"
---

# Mid India Industries Ltd (MIDINDIA)

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

## Company

- **BSE Code:** 500277
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** midindiaindustries.com

## About

Incorporated in 1991, Mid India Industries Ltd is in the business of Real Estate and Trading activities.[1]

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 62.4 to 29.5 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | — | -28% | 26% |
| revenue growth | 101% | -4% | 52% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.87 | 0.15 | 1.42 | 1.02 | 1.55 | 2.38 | 1.37 | 1.49 | 1.31 | 3.38 | 6.93 | 2 |
| Expenses | 1.86 | 0.25 | 1.69 | 1.02 | 1.54 | 2.32 | 1.49 | 1.46 | 1.33 | 3.45 | 6.61 | 2.14 |
| Operating Profit | 0.01 | -0.1 | -0.27 | 0 | 0.01 | 0.06 | -0.12 | 0.03 | -0.02 | -0.07 | 0.32 | -0.14 |
| OPM % | 0.53 | -66.67 | -19.01 | 0 | 0.65 | 2.52 | -8.76 | 2.01 | -1.53 | -2.07 | 4.62 | -7 |
| Other Income | -0.04 | -0.01 | 0.15 | -0.09 | 0 | 0 | 0.09 | 0 | 0.02 | 0.02 | 0.08 | 0.04 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.05 | 0.05 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0 |
| Profit before tax | -0.08 | -0.16 | -0.16 | -0.11 | -0.01 | 0.04 | -0.05 | 0.02 | -0.01 | -0.06 | 0.39 | -0.1 |
| Tax % | 0 | 0 | 18.75 | 0 | 0 | 0 | -20 | 0 | 0 | 0 | 10.26 | 0 |
| Net Profit | -0.09 | -0.16 | -0.19 | -0.11 | -0.01 | 0.04 | -0.04 | 0.02 | -0.01 | -0.06 | 0.35 | -0.11 |
| EPS in Rs | -0.06 | -0.1 | -0.12 | -0.07 | -0.01 | 0.02 | -0.02 | 0.01 | -0.01 | -0.04 | 0.21 | -0.07 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 22.61 | 21.22 | 8.47 | 1.62 | 18.91 | 14.68 | 6.73 | 6.32 | 13.12 | 13.62 |
| Expenses | 26.71 | 23.57 | 8.29 | 1.63 | 17.98 | 13.44 | 6.94 | 6.29 | 12.84 | 13.53 |
| Operating Profit | -4.1 | -2.35 | 0.18 | -0.01 | 0.93 | 1.24 | -0.21 | 0.03 | 0.28 | 0.09 |
| OPM % | -18.13 | -11.07 | 2.13 | -0.62 | 4.92 | 8.45 | -3.12 | 0.47 | 2.13 | 0.66 |
| Other Income | 0.08 | 0.04 | 0.03 | 0.02 | 0.04 | -0.44 | 0.01 | -0.09 | 0.11 | 0.16 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.27 | 0.27 | 0.25 | 0.26 | 0.19 | 0.22 | 0.2 | 0.07 | 0.05 | 0.03 |
| Profit before tax | -4.29 | -2.58 | -0.04 | -0.25 | 0.78 | 0.58 | -0.4 | -0.13 | 0.34 | 0.22 |
| Tax % | 0 | 0 | 0 | 0 | 34.62 | 22.41 | 7.5 | -7.69 | 11.76 | — |
| Net Profit | -4.29 | -2.58 | -0.04 | -0.25 | 0.52 | 0.45 | -0.42 | -0.12 | 0.3 | 0.17 |
| EPS in Rs | -2.63 | -1.58 | -0.02 | -0.15 | 0.32 | 0.28 | -0.26 | -0.07 | 0.18 | 0.09 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 16.3 | 16.3 | 16.3 | 16.3 | 16.3 | 16.3 | 16.3 | 16.3 | 16.3 | 16.3 |
| Reserves | -14.43 | -18.72 | -21.3 | -21.34 | -21.59 | -21.08 | -20.38 | -20.68 | -20.8 | -20.48 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 8.02 | 11.31 | 10.65 | 12.84 | 10.13 | 12.7 | 9.75 | 8.66 | 6.04 | 7.54 |
| Total Liabilities | 9.89 | 8.89 | 5.65 | 7.8 | 4.84 | 7.92 | 5.67 | 4.28 | 1.54 | 3.36 |
| Fixed Assets | 2.32 | 2.29 | 2.14 | 1.89 | 1.63 | 1.45 | 1.23 | 0.49 | 0.33 | 0.29 |
| CWIP | 0.22 | 0.16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.2 | 0 | 0.11 | 0.13 | 0.18 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 7.15 | 6.44 | 3.4 | 5.78 | 3.03 | 6.47 | 4.44 | 3.79 | 1.21 | 3.07 |
| Total Assets | 9.89 | 8.89 | 5.65 | 7.8 | 4.84 | 7.92 | 5.67 | 4.28 | 1.54 | 3.36 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.35 | -0.04 | -0.02 | -0.08 | 0.03 | -0.09 | -0.03 | -0.58 | -0.16 | 0.08 |
| Cash from Investing Activity | -0.69 | 0.08 | -0.07 | -0.02 | -0.04 | 0.18 | -0.01 | 0.7 | 0 | -0.01 |
| Cash from Financing Activity | -0.01 | 0.07 | -0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | -0.35 | 0.11 | -0.12 | -0.1 | -0.01 | 0.09 | -0.04 | 0.12 | -0.16 | 0.07 |
| Free Cash Flow | -0.14 | -0.17 | 0.02 | -0.08 | 0.03 | -0.09 | -0.04 | 0.12 | -0.16 | 0.07 |
| CFO/OP | -17 | 1 | 1 | -44 | -300 | -39 | -13 | 276 | -533 | 29 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 23.69 | 48.91 | 40.77 | 225.81 | 581.3 | 73.15 | 59.67 | 148.6 | 9.24 | 29.49 |
| Inventory Days | 89.57 | 51.22 | 0 | 0 | 0 | 23.1 | 5.89 | 1.14 | 1.26 | 0.96 |
| Days Payable | 145.15 | 213.99 | — | — | — | 245.71 | 253.06 | 478.88 | 371.29 | 231.66 |
| Cash Conversion Cycle | -31.89 | -113.85 | 40.77 | 225.81 | 581.3 | -149.46 | -187.49 | -329.14 | -360.79 | -201.21 |
| Working Capital Days | -21.95 | -89.76 | -135.37 | -321.04 | -1671.79 | -124.5 | -140.23 | -283.65 | -278.95 | -127.42 |
| ROCE % | -76.67 | — | — | — | — | — | — | — | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.85% | 47.84% | 50.91% | 50.91% | 50.91% | 50.91% | 50.91% | 50.91% | 50.92% | 50.71% | 50.71% |
| DIIs | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Government | 3.07% | 3.07% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 48.83% | 48.84% | 48.84% | 48.84% | 48.84% | 48.84% | 48.84% | 48.83% | 48.83% | 49.04% | 49.03% |
| No. of Shareholders | 16111 | 16055 | 15988 | 15866 | 15816 | 15798 | 17064 | 17193 | 17420 | 17527 | 17500 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 50.91% | 50.91% | 50.91% | 50.91% | 50.92% | 50.92% | 50.92% | 50.71% | 50.71% | 50.71% | 50.71% | 50.71% |
| DIIs | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Public | 48.84% | 48.83% | 48.83% | 48.84% | 48.82% | 48.82% | 48.83% | 49.04% | 49.04% | 49.04% | 49.04% | 49.03% |
| No. of Shareholders | 16977 | 17009 | 17193 | 17306 | 17158 | 17238 | 17420 | 17518 | 17590 | 17566 | 17527 | 17500 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 5.93 | Buy |
| EMA (10) | 5.99 | Buy |
| SMA (20) | 6.04 | Buy |
| EMA (20) | 6.01 | Buy |
| SMA (50) | 6.15 | Buy |
| EMA (50) | 6.13 | Buy |
| SMA (100) | 6.35 | Sell |
| EMA (100) | 6.3 | Sell |
| SMA (200) | 6.66 | Sell |
| EMA (200) | 6.66 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.97 | Neutral |
| MACD (12,26,9) | -0.04 | Buy |
| Stochastic (14,3,3) | 36.13 | Neutral |
| ADX (14) | 18.87 | Neutral |
| Williams %R (14) | -48.74 | Neutral |
| ATR (14) | 0.42 | High Volatility |
| ROC (12) | -4.62 | Sell |
| Stoch RSI (14) | 82.63 | Sell |
| UO (7,14,28) | 33.43 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 4 Sep - 35th AGM on 28 September 2026; annual report for FY2025-26 shared via website. | [With Reference To The Above Captioned Subject And In Accordance With Regulation 36(1)(B) Of The SEBI (LODR) Regulations, 2015, The Company Is In Process To Send A Letter To Those Shareholders Whose E-Mail Addresses Are Not Registered With Company/Registrar & Transfer Agent/Depository Participants, Providing The Web-Link Of The Website Including The Exact Path, Where Complete Details Pertaining To The Annual Report Is Hosted. 4 Sep - 35th AGM on 28 September 2026; annual r](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e6482de3-cc95-43fb-bca7-9754fa310d56.pdf) |
| 4 Sep - 35th AGM on 28 Sep 2026; annual report FY2025-26 shared via web link. | [Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015- Letter To Those Shareholders Whose Email Addresses Are Not Registered With Company/Registrar & Transfer Agent/Depository Participants. 4 Sep - 35th AGM on 28 Sep 2026; annual report FY2025-26 shared via web link.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13b27ffc-6c6b-4ee9-9209-dd9979e86a71.pdf) |
| 21 Aug - Compliance Under Regulation 47 of SEBI ( LODR) Regulations, 2015 ( Submission of Public Notice of intimation to shareholders of the Company about 35th Annual … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Aug - Compliance Under Regulation 47 of SEBI ( LODR) Regulations, 2015 ( Submission of Public Notice of intimation to shareholders of the Company about 35th Annual …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34c7d4f1-b114-49b7-bad6-791b09eb5d81.pdf) |
| 13 Aug - Submission of Copies of Newspaper Advertisement in respect to publication of Un- audited Financial Results of the Company for the quarter ended June 30 , … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug - Submission of Copies of Newspaper Advertisement in respect to publication of Un- audited Financial Results of the Company for the quarter ended June 30 , …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e9fe30b1-8a66-40de-8901-385b4913909d.pdf) |
| 12 Aug - ATM & Associates reappointed as statutory auditor from Sept. 28, 2026 for five years, subject to AGM approval. | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 12 Aug - ATM & Associates reappointed as statutory auditor from Sept. 28, 2026 for five years, subject to AGM approval.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cbd6de0d-813c-425e-8199-f61b79d260a5.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a592e5e-642e-435f-ab02-38414a30e4a4.pdf) |
| — | [Submission Of Notice Convening The 35Th Annual General Meeting Scheduled To Be Held On Monday, 28Th September, 2026 At 2.00 P.M. (IST) Through Video Conferencing ('VC')/Other Audio-Visual Means ('OAVM'), In Compliance With Relevant Circulars Issued By The Ministry Of Corporate Affairs ('MCA') And The SEBI ('SEBI') As Amended From Time To Time. 4 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54810ad8-02bf-4264-92cc-fd8801e2a8fe.pdf) |
| — | [Reg. 34 (1) Annual Report. 4 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da69d40a-5cb4-403f-ace5-82ba4de00c23.pdf) |
| — | [Information Under Regulation 44 Of SEBI (LODR) Regulation 2015 And Section 108 Of The Companies Act, 2013 Regarding Voting Through Electronic Mode For The 35Th Annual General Meeting To Be Held On Monday, 28Th September, 2026. 27 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d70eb2dc-dbf4-49b8-aebf-69a7dbde9395.pdf) |
| — | [Results ( Outcome) Of The Board Meeting Held On 12Th August 2026 Pursuant To Regulation 30 Of SEBI ( Listing Obligation And Disclosure Requirement)Regulation 2015 12 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07b495a0-6017-4e5b-a473-7696c2b179c6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1655dfb8-9188-4a8b-9d21-4e4e67e88416.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2581f0d8-b391-42b0-be5c-3d0b3da256c5.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c192ec6-bdd0-4819-b22b-0a76640dcb39.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500277/74243500277.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500277/69725500277.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/500277/65322500277.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500277/5002770319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500277/5002770318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/500277/5002770317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/500277/5002770316.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 2026-09-13T19:03:24.031Z.