Midwest Gold
Midwest Gold
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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%
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 44d agoMidwest 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
anthropic claude-opus-4.6 42d ago- 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 in Rs | -3.13 | -2.9 | -2.7 | -2.67 | -0.79 |
Profit & Loss
| Particulars | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|
| Sales | 1 | 9 | 14 |
| Expenses | 5 | 19 | 22 |
| Operating Profit | -4 | -10 | -8 |
| OPM % | -533% | -115% | -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 in Rs | -5.07 | -10.86 | -9.06 |
| Div. Payout % | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Equity Capital | 11 | 13 |
| Reserves | 78 | 388 |
| Borrowings | 106 | 302 |
| Other Liabilities | 10 | 12 |
| Total Liabilities | 205 | 714 |
| Fixed Assets | 31 | 141 |
| CWIP | 76 | 164 |
| Investments | 0 | 2 |
| Other Assets | 98 | 408 |
| Total Assets | 205 | 714 |
Cash Flow
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | -33 | -10 |
| Investing | -84 | -422 |
| Financing | 156 | 520 |
| Net Cash Flow | 39 | 87 |
| Free Cash Flow | -116 | -214 |
| CFO/OP | 798 | 98 |
Ratios
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Debtor Days | 295 | 299 |
| Inventory Days | 879 | 2,449 |
| Days Payable | 820 | 72 |
| Cash Conversion Cycle | 353 | 2,675 |
| Working Capital Days | -744 | -3,293 |
| ROCE % | — | -3% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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57 extracted metrics + investor summaries across FY10–FY26.
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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