Mid India Industries Ltd

₹ 12.3 -1.99%

30 Aug - close price

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 ₹ 20.0 Cr.
Current Price ₹ 12.3
High / Low ₹ 14.4 / 6.18
Stock P/E
Book Value ₹ -2.69
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 94.0 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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	1.96	1.43	6.06	9.53	5.61	3.36	1.88	3.83	3.30	1.87	0.15	1.42	1.02
	1.90	1.40	5.58	9.14	5.17	3.10	1.66	3.48	3.14	1.86	0.25	1.69	1.02
Operating Profit	0.06	0.03	0.48	0.39	0.44	0.26	0.22	0.35	0.16	0.01	-0.10	-0.27	0.00
OPM %	3.06%	2.10%	7.92%	4.09%	7.84%	7.74%	11.70%	9.14%	4.85%	0.53%	-66.67%	-19.01%	0.00%
	0.00	0.00	0.00	0.02	0.02	-0.02	0.00	-0.46	-0.10	-0.04	-0.01	0.15	-0.09
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	0.06	0.00	0.08	0.03	0.06	0.06	0.05	0.05	0.05	0.04	0.02
Profit before tax	0.00	-0.03	0.42	0.41	0.38	0.21	0.16	-0.17	0.01	-0.08	-0.16	-0.16	-0.11
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
EPS in Rs	0.00	-0.02	0.22	0.12	0.20	0.10	0.09	-0.11	0.01	-0.06	-0.10	-0.12	-0.07
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	14.58	6.73	4.46
	41.17	36.66	28.80	23.72	27.36	26.71	23.57	8.29	1.63	17.98	13.34	6.94	4.82
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%	8.50%	-3.12%	-8.07%
	0.11	0.09	0.04	0.12	0.09	0.08	0.04	0.03	0.02	0.04	-0.44	0.01	0.01
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	0.16
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	-0.51
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	-0.55
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	-0.35
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:	-64%

Compounded Profit Growth
10 Years:	%
5 Years:	14%
3 Years:	-3%
TTM:	-186%

Stock Price CAGR
10 Years:	21%
5 Years:	95%
3 Years:	28%
1 Year:	43%

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
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
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
	1.40	0.92	0.21	0.01	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
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
	2.40	2.31	2.08	2.24	2.32	2.29	2.14	1.89	1.63	1.45	1.23	0.49
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
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
	7.63	5.65	6.83	6.80	7.15	6.44	3.40	5.78	3.03	6.47	4.44	3.79
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

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	60.08	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	-187.09	-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	-141.19	-283.65
ROCE %	4.46%	9.11%	4.02%	-18.05%	-76.67%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	50.91%	50.91%	50.91%	50.91%	50.92%	50.92%	50.91%	50.91%	50.91%	50.91%	50.91%	50.91%
	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%	48.84%	48.85%	48.84%	48.84%	48.85%	48.84%	48.83%	48.83%	48.84%
No. of Shareholders	15,776	15,793	15,798	16,691	16,978	17,018	17,064	17,043	16,977	17,009	17,193	17,306

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	47.85%	47.84%	50.91%	50.91%	50.91%	50.91%	50.91%	50.91%	50.91%
	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%	0.25%
	3.07%	3.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	48.83%	48.84%	48.84%	48.84%	48.84%	48.84%	48.84%	48.83%	48.84%
No. of Shareholders	16,111	16,055	15,988	15,866	15,816	15,798	17,064	17,193	17,306

* 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.

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Mid India Industries Ltd

Mid India Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports