Mid India Industries Ltd

Mid India Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mid India Industries Ltd

₹ 9.31 -1.90%
22 Nov - close price
midindiaindustries.com BSE: 500277
About

Incorporated in 1991, Mid India Industries Ltd is engaged in Lease, Trading and manufacturing of cotton & polyester yarn.

Key Points

Product Profile:[1]
a) Regular Product:
100% Cotton Yarn (Carded and Combed)
Polyester/Cotton Blended (Carded and Combed)
100% Polyester Yarns
b) Special Product:
Multi Fold Yarn up to 8 folds for use in Carpets, Tufting and other industrial fabrics. Yarns can be supplied in 100% Cotton, Polyester/Cotton Blended yarns and 100% Polyester Yarns in the cone size of 1.89 Kgs per cone up to Jumbo Packing of 5 Kgs per cone.

Website BSE
  • Market Cap ₹ 15.2 Cr.
  • Current Price ₹ 9.31
  • High / Low ₹ 14.4 / 6.18
  • Stock P/E
  • Book Value ₹ -2.76
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Debtor days have increased from 93.8 to 149 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1.43 6.06 9.53 5.61 3.36 1.88 3.83 3.30 1.87 0.15 1.42 1.02 1.55
1.40 5.58 9.14 5.17 3.10 1.66 3.48 3.14 1.86 0.25 1.69 1.02 1.54
Operating Profit 0.03 0.48 0.39 0.44 0.26 0.22 0.35 0.16 0.01 -0.10 -0.27 0.00 0.01
OPM % 2.10% 7.92% 4.09% 7.84% 7.74% 11.70% 9.14% 4.85% 0.53% -66.67% -19.01% 0.00% 0.65%
0.00 0.00 0.02 0.02 -0.02 0.00 -0.46 -0.10 -0.04 -0.01 0.15 -0.09 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.06 0.06 0.00 0.08 0.03 0.06 0.06 0.05 0.05 0.05 0.04 0.02 0.02
Profit before tax -0.03 0.42 0.41 0.38 0.21 0.16 -0.17 0.01 -0.08 -0.16 -0.16 -0.11 -0.01
Tax % 0.00% 14.29% 51.22% 15.79% 14.29% 18.75% 5.88% 0.00% 0.00% 0.00% 18.75% 0.00% 0.00%
-0.03 0.36 0.20 0.32 0.17 0.14 -0.18 0.01 -0.09 -0.16 -0.19 -0.11 -0.01
EPS in Rs -0.02 0.22 0.12 0.20 0.10 0.09 -0.11 0.01 -0.06 -0.10 -0.12 -0.07 -0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
41.64 37.38 29.22 23.00 25.27 22.61 21.22 8.47 1.62 18.91 14.68 6.73 4.14
41.17 36.66 28.80 23.72 27.36 26.71 23.57 8.29 1.63 17.98 13.44 6.94 4.50
Operating Profit 0.47 0.72 0.42 -0.72 -2.09 -4.10 -2.35 0.18 -0.01 0.93 1.24 -0.21 -0.36
OPM % 1.13% 1.93% 1.44% -3.13% -8.27% -18.13% -11.07% 2.13% -0.62% 4.92% 8.45% -3.12% -8.70%
0.11 0.09 0.04 0.12 0.09 0.08 0.04 0.03 0.02 0.04 -0.44 0.01 0.05
Interest 0.10 0.33 0.07 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.29 0.27 0.24 0.24 0.24 0.27 0.27 0.25 0.26 0.19 0.22 0.20 0.13
Profit before tax 0.19 0.21 0.15 -0.86 -2.24 -4.29 -2.58 -0.04 -0.25 0.78 0.58 -0.40 -0.44
Tax % 21.05% 19.05% 20.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 34.62% 22.41% 7.50%
0.16 0.16 0.12 -0.85 -2.25 -4.29 -2.58 -0.04 -0.25 0.52 0.45 -0.42 -0.47
EPS in Rs 0.10 0.10 0.07 -0.52 -1.38 -2.63 -1.58 -0.02 -0.15 0.32 0.28 -0.26 -0.30
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -16%
5 Years: -21%
3 Years: 61%
TTM: -62%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: -27%
TTM: -228%
Stock Price CAGR
10 Years: 15%
5 Years: 54%
3 Years: 20%
1 Year: 5%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30 16.30
Reserves -11.61 -11.45 -11.33 -12.18 -14.43 -18.72 -21.30 -21.34 -21.59 -21.08 -20.38 -20.68 -20.80
1.40 0.92 0.21 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3.94 2.19 3.73 4.91 8.02 11.31 10.65 12.84 10.13 12.70 9.75 8.66 8.95
Total Liabilities 10.03 7.96 8.91 9.04 9.89 8.89 5.65 7.80 4.84 7.92 5.67 4.28 4.45
2.40 2.31 2.08 2.24 2.32 2.29 2.14 1.89 1.63 1.45 1.23 0.49 0.36
CWIP 0.00 0.00 0.00 0.00 0.22 0.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.20 0.00 0.11 0.13 0.18 0.00 0.00 0.00 0.00
7.63 5.65 6.83 6.80 7.15 6.44 3.40 5.78 3.03 6.47 4.44 3.79 4.09
Total Assets 10.03 7.96 8.91 9.04 9.89 8.89 5.65 7.80 4.84 7.92 5.67 4.28 4.45

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1.32 0.40 0.49 0.97 0.35 -0.04 -0.02 -0.08 0.03 -0.09 -0.03 -0.58
-0.11 0.27 0.09 -0.40 -0.69 0.08 -0.07 -0.02 -0.04 0.18 -0.01 0.70
-1.05 -0.80 -0.77 -0.22 -0.01 0.07 -0.03 0.00 0.00 0.00 0.00 0.00
Net Cash Flow 0.16 -0.13 -0.19 0.36 -0.35 0.11 -0.12 -0.10 -0.01 0.09 -0.04 0.12

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 13.15 7.91 16.74 25.39 23.69 48.91 40.77 225.81 581.30 73.15 59.67 148.60
Inventory Days 32.57 43.05 84.67 92.37 89.57 51.22 0.00 0.00 0.00 23.10 5.89 1.14
Days Payable 36.91 24.38 59.99 107.69 145.15 213.99 245.71 253.06 478.88
Cash Conversion Cycle 8.81 26.58 41.42 10.07 -31.89 -113.85 40.77 225.81 581.30 -149.46 -187.49 -329.14
Working Capital Days 17.44 30.66 37.10 22.06 -21.95 -89.76 -135.37 -321.04 -1,671.79 -124.50 -140.23 -283.65
ROCE % 4.46% 9.11% 4.02% -18.05% -76.67%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.91% 50.91% 50.91% 50.92% 50.92% 50.91% 50.91% 50.91% 50.91% 50.91% 50.91% 50.92%
0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25%
48.84% 48.84% 48.84% 48.85% 48.84% 48.84% 48.85% 48.84% 48.83% 48.83% 48.84% 48.82%
No. of Shareholders 15,79315,79816,69116,97817,01817,06417,04316,97717,00917,19317,30617,158

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports