Midwest Gold Ltd

₹ 145 1.97%

21 Jan - close price

About

Midwest Gold in the processing and trading business of Granite Marble and other natural stone.

Key Points

History
Midwest Gold Limited was incorporated as M/s. Nova Granites (India) Limited in 1990 in Karnataka, as a 100% EOU with an object of processing Granite Blocks including mining and processing other minerals. Company commenced its commercial operations in 1990. The Board decided to diversify into Gold mining in 2010 without leaving its original business activities. The Company had changed its name to M/s. Midwest Gold Limited in December, 2010. ^[1]

Website BSE

Market Cap ₹ 47.4 Cr.
Current Price ₹ 145
High / Low ₹ 145 / 15.2
Stock P/E
Book Value ₹ -73.6
Dividend Yield 0.00 %
ROCE -27.5 %
ROE %
Face Value ₹ 10.0

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Pros

Debtor days have improved from 4,095 to 139 days.

Cons

Company has low interest coverage ratio.
Contingent liabilities of Rs.27.4 Cr.

* 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: Mining & Mineral products Industry: Mining / Minerals / Metals

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Detailed Comparison with:

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
	0.05	0.01	0.04	0.97	0.29	0.29	0.21	0.24	0.07	0.00	0.73	0.00	0.01
	0.20	0.72	0.36	1.06	4.64	0.74	0.54	0.39	0.47	0.12	1.09	0.21	0.16
Operating Profit	-0.15	-0.71	-0.32	-0.09	-4.35	-0.45	-0.33	-0.15	-0.40	-0.12	-0.36	-0.21	-0.15
OPM %	-300.00%	-7,100.00%	-800.00%	-9.28%	-1,500.00%	-155.17%	-157.14%	-62.50%	-571.43%		-49.32%		-1,500.00%
	0.10	0.00	0.02	0.00	0.00	0.01	0.00	0.02	0.00	0.00	0.02	0.02	0.13
Interest	0.00	0.00	0.63	0.23	0.24	0.27	0.27	0.28	0.28	0.35	0.30	0.33	0.33
Depreciation	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Profit before tax	-0.08	-0.74	-0.95	-0.34	-4.61	-0.73	-0.62	-0.43	-0.70	-0.49	-0.66	-0.54	-0.37
Tax %	0.00%	0.00%	-41.05%	0.00%	0.00%	0.00%	532.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-0.08	-0.74	-0.56	-0.34	-4.62	-0.73	-3.92	-0.43	-0.71	-0.49	-0.67	-0.54	-0.37
EPS in Rs	-0.24	-2.26	-1.71	-1.04	-14.13	-2.23	-11.99	-1.31	-2.17	-1.50	-2.05	-1.65	-1.13
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
	6.72	1.06	0.11	4.04	2.60	0.12	0.11	0.57	0.37	0.12	1.75	1.05	0.74
	6.52	1.61	0.48	4.90	3.95	0.77	0.64	1.22	1.46	1.53	6.93	2.09	1.58
Operating Profit	0.20	-0.55	-0.37	-0.86	-1.35	-0.65	-0.53	-0.65	-1.09	-1.41	-5.18	-1.04	-0.84
OPM %	2.98%	-51.89%	-336.36%	-21.29%	-51.92%	-541.67%	-481.82%	-114.04%	-294.59%	-1,175.00%	-296.00%	-99.05%	-113.51%
	0.02	0.04	0.04	0.04	0.03	0.64	0.08	0.05	0.08	0.13	-0.03	0.05	0.17
Interest	0.07	0.02	0.00	0.16	0.01	0.00	0.00	0.07	0.40	0.62	1.01	1.21	1.31
Depreciation	0.06	0.06	0.22	0.24	0.42	0.29	0.20	0.19	0.13	0.11	0.09	0.10	0.08
Profit before tax	0.09	-0.59	-0.55	-1.22	-1.75	-0.30	-0.65	-0.86	-1.54	-2.01	-6.31	-2.30	-2.06
Tax %	33.33%	-32.20%	-116.36%	-4.92%	7.43%	350.00%	15.38%	45.35%	-10.39%	-19.40%	52.30%	0.00%
	0.06	-0.41	0.09	-1.16	-1.88	-1.34	-0.75	-1.25	-1.38	-1.62	-9.61	-2.30	-2.07
EPS in Rs	0.18	-1.25	0.28	-3.55	-5.75	-4.10	-2.29	-3.82	-4.22	-4.95	-29.39	-7.03	-6.33
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:	0%
5 Years:	57%
3 Years:	42%
TTM:	-9%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-26%
TTM:	64%

Stock Price CAGR
10 Years:	28%
5 Years:	71%
3 Years:	73%
1 Year:	560%

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	3.27	3.27	3.27	3.27	3.27	3.27	3.27	3.27	3.27	3.27	3.27	3.27	3.27
Reserves	-2.94	-3.35	-5.11	-6.27	-8.14	-9.49	-10.24	-11.49	-12.87	-14.49	-24.09	-26.41	-27.32
	0.00	0.00	14.62	12.11	12.11	12.11	12.11	13.66	17.84	22.13	25.12	26.78	27.38
	18.40	18.53	7.41	7.48	6.89	7.03	7.93	8.13	5.31	3.12	3.57	3.44	3.46
Total Liabilities	18.73	18.45	20.19	16.59	14.13	12.92	13.07	13.57	13.55	14.03	7.87	7.08	6.79
	5.57	5.50	3.43	3.19	2.77	2.49	2.29	2.33	2.17	2.06	2.03	1.93	1.88
CWIP	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
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00
	13.16	12.95	16.76	13.40	11.36	10.43	10.78	11.24	11.38	11.97	5.82	5.15	4.91
Total Assets	18.73	18.45	20.19	16.59	14.13	12.92	13.07	13.57	13.55	14.03	7.87	7.08	6.79

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
	0.04	-0.05	-0.04	0.15	0.01	-0.02	0.13	0.15	0.33	-3.67	-1.82	-0.41
	0.01	0.02	0.03	0.03	0.00	0.02	0.02	-0.19	0.10	0.02	-0.12	0.03
	-0.05	-0.01	0.00	-0.16	0.00	0.00	0.00	-0.07	-0.40	3.67	1.98	0.45
Net Cash Flow	0.00	-0.04	-0.01	0.01	0.01	0.00	0.15	-0.11	0.03	0.01	0.05	0.07

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	298.74	2,021.27	19,444.55	500.52	707.54	15,421.25	16,823.18	3,297.81	5,139.59	12,075.42	70.91	139.05
Inventory Days	130.82	470.44	5,949.50	202.65	78.46	1,251.43	3,285.00	11,619.17	989.92	3,345.83	411.45	438.00
Days Payable	204.98	824.63	11,096.00	301.18	501.45	6,656.90	14,709.50	24,515.83	1,825.00	5,677.78	690.18	1,225.63
Cash Conversion Cycle	224.57	1,667.09	14,298.05	401.99	284.55	10,015.77	5,398.68	-9,598.86	4,304.52	9,743.47	-207.81	-648.58
Working Capital Days	-501.88	-3,350.42	14,666.36	81.31	-60.37	-1,520.83	-3,583.64	-192.11	2,456.35	15,360.42	356.66	399.76
ROCE %	53.33%	-456.00%	-8.66%	-9.68%	-21.28%	-4.42%	-11.79%	-15.12%	-17.54%	-14.52%	-69.17%	-27.46%

Shareholding Pattern

Numbers in percentages

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	72.03%	72.03%	72.27%	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%
	0.63%	0.63%	0.30%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%
	27.34%	27.34%	27.43%	27.33%	27.33%	27.33%	27.33%	27.34%	27.33%	27.34%	27.33%	27.32%
No. of Shareholders	6,820	6,813	6,804	6,805	6,802	6,798	6,795	6,796	6,788	6,773	6,754	6,734

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%	72.03%
	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%
	27.34%	27.34%	27.34%	27.34%	27.34%	27.34%	27.33%	27.33%	27.32%
No. of Shareholders	6,818	6,804	6,789	6,775	6,799	6,820	6,802	6,788	6,734

* 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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Midwest Gold Ltd

Midwest Gold Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports