Midwest Gold

how big is Midwest Gold?

As of Jun 06, Midwest Gold Ltd has a market capitalization of 713.00 Cr and reported net sales of 0.44 Cr with a net profit of -3.93 Cr over the latest four quarters. Shareholder's funds stand at -23.14 Cr against total assets of 7.08 Cr as of Mar'24.

Market Cap: As of Jun 06, Midwest Gold Ltd has a market capitalization of 713.00 Cr, classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes Mar'25, Dec'24, Sep'24, and Jun'24, is 0.44 Cr. The sum of Net Profit for the same quarters is -3.93 Cr. This data is Standalone.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at -23.14 Cr, while Total Assets amount to 7.08 Cr.

Who are in the management team of Midwest Gold?

As of March 2023, the management team of Midwest Gold includes Deepak Kukreti and B S Raju as Executive Directors, G. Bhaskara Rao as Chairman, and several other directors and officers, including Anushka Agarwal as Company Secretary. The team comprises a mix of executive, non-executive, and independent directors.

As of March 2023, the management team of Midwest Gold includes the following individuals:<BR><BR>1. Deepak Kukreti - Executive Director & Wholetime Director<BR>2. B S Raju - Executive Director & Wholetime Director<BR>3. G. Bhaskara Rao - Chairman & Independent Director<BR>4. Kothamasu Sri Surya Pratap - Independent Non-Executive Director<BR>5. Rao Sasikanth - Non-Executive Director<BR>6. Ankireddy Rajyalakshmi - Non-Executive Women Director<BR>7. Sudi Malyadri - Chairman<BR>8. Anushka Agarwal - Company Secretary & Compliance Officer<BR><BR>As of March 2023, the management team of Midwest Gold consists of a diverse group of directors and officers, each holding specific roles within the company.

Has Midwest Gold declared dividend?

No Dividend History Available

Who are the peers of the Midwest Gold?

Midwest Gold's peers include Coal India, Doms Industries, Sandur Manganese, and others, with varying management risks and growth rates. Doms Industries has the highest 1-year return at 32.50%, while Midwest Gold's return is significantly higher at 3613.35%.

Peers: The peers of Midwest Gold are Coal India, Doms Industries, Sandur Manganese, Navneet Educat., Flair Writing, Shiv Texchem, Vinyl Chemicals, A-1, and Tembo Global.<BR><BR>Quality Snapshot: Excellent management risk is observed at Coal India, Sandur Manganese, and the rest. Good management risk is found at Doms Industries, while Average management risk is noted at Navneet Educat., Flair Writing, Shiv Texchem, Vinyl Chemicals, A-1, Tembo Global, and the rest. Growth is excellent for Coal India, Doms Industries, Sandur Manganese, Shiv Texchem, and Tembo Global, while Average growth is seen at Vinyl Chemicals, and below Average growth is noted at Navneet Educat., Flair Writing, A-1, and the rest. Capital Structure is excellent for Coal India, Doms Industries, Sandur Manganese, Navneet Educat., Flair Writing, and Vinyl Chemicals, while below Average capital structure is found at Shiv Texchem, A-1, Tembo Global, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Doms Industries at 32.50%, while the lowest is Coal India at -23.41%. Midwest Gold's 1-year return of 3613.35% significantly exceeds both. Additionally, peers with negative six-month returns include Sandur Manganese, Shiv Texchem, and Tembo Global.

Should I buy, sell or hold Midwest Gold?

Is Midwest Gold overvalued or undervalued?

As of September 22, 2023, Midwest Gold is considered risky and overvalued due to troubling financial ratios, including a PE ratio of -129.90, and despite a year-to-date return of 501.95%, its metrics are significantly worse than peers like MMTC and PTC India.

As of 22 September 2023, the valuation grade for Midwest Gold has moved from does not qualify to risky, indicating increased concerns regarding its financial health. The company appears to be overvalued, particularly given its troubling financial ratios, including a PE ratio of -129.90, an EV to EBIT of -150.30, and an EV to EBITDA of -170.76. These negative figures suggest significant operational challenges that are not being reflected in its current stock price.<BR><BR>In comparison to its peers, Midwest Gold's valuation metrics are starkly unfavorable. For instance, MMTC has a PE ratio of 119.39 and an EV to EBITDA of -70.04, while PTC India, categorized as very attractive, boasts a PE of 9.02 and an EV to EBITDA of 4.14. The stark contrast in these ratios highlights Midwest Gold's overvaluation in the current market context. Additionally, the company has significantly outperformed the Sensex in recent periods, with a year-to-date return of 501.95% compared to the Sensex's 5.64%, which may have contributed to inflated market expectations despite its underlying financial issues.

What does Midwest Gold do?

Midwest Gold Ltd is a small-cap company engaged in trading granite and marbles, originally established as Nova Granites (India) Ltd in 1990. As of March 2025, it reported net sales of 2 Cr and a net loss of 19 Cr.

Overview: <BR>Midwest Gold Ltd is engaged in the trading business of Granite and Marbles within the Miscellaneous industry, categorized as a Small Cap company.<BR><BR>History: <BR>Midwest Gold Ltd was originally incorporated in November 1990 in Karnataka as Nova Granites (India) Ltd. The company was established as a 100% Export Oriented Unit (EOU) with the objective of processing Granite Blocks and other types of minerals. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 2 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -19 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 1,240 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 35 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.00 <BR>Return on Equity: 0.00% <BR>Price to Book: 0.00<BR><BR>Contact Details: <BR>Address: No 25 A Attibele Indust Area, Attibele Bangalore Karnataka : 562107 <BR>Tel: 91-80-27820407 <BR>Email: novagranites1990@gmail.com <BR>Website: http://www.midwestgoldltd.com

Who are the top shareholders of the Midwest Gold?

The top shareholders of Midwest Gold include Rama Raghava Reddy Kollareddy with 62.74%, followed by individual investors at 21.11%, Musuku Mahender Reddy at 3.62%, and four Foreign Institutional Investors holding 6.62%. Mutual funds hold a minimal 0.04%.

The top shareholders of Midwest Gold include the promoters, with Rama Raghava Reddy Kollareddy holding the largest share at 62.74%. Additionally, there are four Foreign Institutional Investors (FIIs) collectively holding 6.62%, and mutual funds are represented by three schemes with a very small holding of 0.04%. The highest public shareholder is Musuku Mahender Reddy, who owns 3.62%. Individual investors also have a significant presence, holding 21.11% of the shares.

Are Midwest Gold latest results good or bad?

Midwest Gold's latest results are poor, with a Profit Before Tax of Rs -2.75 crore, a 298.55% decline year-on-year, and a 76.71% drop in net sales. These negative trends have led to a 'Sell' recommendation from MarketsMOJO.

The latest results for Midwest Gold indicate a challenging financial situation. The company reported a Profit Before Tax (PBT) of Rs -2.75 crore, which is a significant decline of 298.55% year-on-year. This marks the lowest PBT recorded in the last five quarters, highlighting ongoing difficulties in profitability.<BR><BR>Additionally, the Operating Profit (PBDIT) also fell to Rs -2.15 crore, representing a drastic drop and the weakest performance in the same five-quarter period. The net sales experienced a sharp decline of 76.71% compared to the previous year, and the standalone net profit also decreased by 185.07%.<BR><BR>Overall, these results reflect a flat financial performance with negative trends in key metrics, leading to a 'Sell' recommendation from MarketsMOJO. Therefore, the latest results can be characterized as bad, indicating significant challenges for Midwest Gold moving forward.

When is the next results date for Midwest Gold?

The next results date for Midwest Gold is November 8, 2025.

The next results date for Midwest Gold is scheduled for November 8, 2025.

How has been the historical performance of Midwest Gold?

Midwest Gold has faced significant financial challenges, reporting a net loss of -6.84 crore and a negative operating profit margin of -546.15% as of March 2025, with total liabilities of 204.53 crore and a total debt of 105.96 crore. Despite negative cash flows from operations, the company had a net cash inflow of 39.00 crore from financing activities.

Answer:<BR>The historical performance of Midwest Gold shows significant financial challenges as of March 2025.<BR><BR>Breakdown:<BR>Midwest Gold reported net sales of 0.78 crore with total operating income also at 0.78 crore. The company faced substantial costs, including raw material costs of 0.07 crore and purchases of finished goods amounting to 0.46 crore, leading to a total expenditure of 5.04 crore. This resulted in an operating profit (PBDIT) of -4.26 crore, and after accounting for other income, the operating profit stood at -3.90 crore. The interest expense was 2.37 crore, culminating in a profit before tax of -6.85 crore and a profit after tax of -6.84 crore. The consolidated net profit was reported at -5.60 crore, with an earnings per share (EPS) of -5.07. The company’s operating profit margin was notably negative at -546.15%, and the profit after tax margin was -876.92%. On the balance sheet, total liabilities were 204.53 crore, with total assets matching this figure. The company had a total debt of 105.96 crore and a book value per share of 80.33. Cash flow analysis indicated a net cash inflow of 39.00 crore, primarily driven by financing activities, despite negative cash flows from operating and investing activities.

Is Midwest Gold technically bullish or bearish?

As of November 7, 2025, the trend has shifted to bullish, supported by strong monthly indicators like the MACD and Bollinger Bands, although caution is advised due to mildly bearish weekly signals.

As of 7 November 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The monthly MACD is bullish, and both the Bollinger Bands and Dow Theory are also indicating bullish conditions on both weekly and monthly time frames. Daily moving averages are bullish as well, reinforcing the positive outlook. However, the weekly MACD and KST are mildly bearish, which suggests some caution in the short term. Overall, the strength of the bullish trend is supported by multiple indicators, particularly on the monthly time frame.

Why is Midwest Gold Ltd falling/rising?

As of 24-May, the stock price of Midwest Gold Ltd is currently at 4,406.75, reflecting a recent increase but underperforming its sector today. Despite a year-over-year gain of 731.78%, investor interest appears to be waning, as indicated by a significant drop in delivery volume.

As of 24-May, the stock price of Midwest Gold Ltd is rising, currently at 4,406.75, which reflects an increase of 115.05 or 2.68%. This upward movement follows a trend where the stock has gained for the last two days, accumulating a total return of 4.2% during this period. Additionally, the stock reached an intraday high of Rs 4,496, marking a rise of 4.76% at that point.<BR><BR>Despite this recent increase, it is important to note that the stock has underperformed its sector by 1.6% today and has a mixed performance over various periods. For instance, over the past week, the stock has decreased by 3.08%, while it has shown a positive return of 5.73% over the past month. Year-to-date, the stock is down 9.91%, although it has experienced an impressive 731.78% increase over the past year.<BR><BR>Investor participation appears to be declining, as indicated by a significant drop in delivery volume, which fell by 42.25% against the 5-day average. This could suggest a lack of strong buying interest despite the recent price rise. Overall, while the stock is currently rising, the broader context of its performance and investor behavior indicates a more complex situation.

Which are the latest news on Midwest Gold?