Midwest Gold Ltd

Midwest Gold Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Midwest Gold Ltd

₹ 313 1.99%
28 Mar - close price
midwestgoldltd.com BSE: 526570
About

Incorporated in 1990, Midwest Gold
Ltd processing and trading business
of Granite, Marble and other natural
stone[1]

Key Points

Business Overview:[1][2]
MGL (formerly M/s. Nova Granites (India) Limited) was in the business of processing of Granite Blocks including mining and processing of other types of minerals. It diversified into Gold mining without leaving its original business activities. Currently, the company is evaluating various business opportunities to turnaround its operations

Website BSE
  • Market Cap ₹ 345 Cr.
  • Current Price ₹ 313
  • High / Low ₹ 313 / 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.
  • Promoter holding has decreased over last quarter: -8.88%

* 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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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
0.01 0.04 0.97 0.29 0.29 0.21 0.24 0.07 0.00 0.73 0.00 0.01 0.26
0.72 0.36 1.06 4.64 0.74 0.54 0.39 0.47 0.12 1.09 0.21 0.16 0.80
Operating Profit -0.71 -0.32 -0.09 -4.35 -0.45 -0.33 -0.15 -0.40 -0.12 -0.36 -0.21 -0.15 -0.54
OPM % -7,100.00% -800.00% -9.28% -1,500.00% -155.17% -157.14% -62.50% -571.43% -49.32% -1,500.00% -207.69%
0.00 0.02 0.00 0.00 0.01 0.00 0.02 0.00 0.00 0.02 0.02 0.13 0.38
Interest 0.00 0.63 0.23 0.24 0.27 0.27 0.28 0.28 0.35 0.30 0.33 0.33 0.94
Depreciation 0.03 0.02 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 -0.74 -0.95 -0.34 -4.61 -0.73 -0.62 -0.43 -0.70 -0.49 -0.66 -0.54 -0.37 -1.12
Tax % 0.00% -41.05% 0.00% 0.00% 0.00% 532.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.74 -0.56 -0.34 -4.62 -0.73 -3.92 -0.43 -0.71 -0.49 -0.67 -0.54 -0.37 -1.11
EPS in Rs -2.26 -1.71 -1.04 -14.13 -2.23 -11.99 -1.31 -2.17 -1.50 -2.05 -1.65 -1.13 -3.39
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 1.00
6.52 1.61 0.48 4.90 3.95 0.77 0.64 1.22 1.46 1.53 6.93 2.09 2.26
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 -1.26
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% -126.00%
0.02 0.04 0.04 0.04 0.03 0.64 0.08 0.05 0.08 0.13 -0.03 0.05 0.55
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 1.90
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 -2.69
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 -2.69
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 -8.22
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: 92%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -26%
TTM: 52%
Stock Price CAGR
10 Years: 38%
5 Years: 104%
3 Years: 122%
1 Year: 1854%
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

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Jan 2025
72.03% 72.27% 72.03% 72.03% 72.03% 72.03% 72.03% 72.03% 72.03% 72.03% 72.03% 63.15%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.61%
0.63% 0.30% 0.63% 0.63% 0.63% 0.63% 0.63% 0.63% 0.63% 0.63% 0.63% 1.91%
27.34% 27.43% 27.33% 27.33% 27.33% 27.33% 27.34% 27.33% 27.34% 27.33% 27.32% 28.34%
No. of Shareholders 6,8136,8046,8056,8026,7986,7956,7966,7886,7736,7546,7346,763

* 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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Documents

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