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 17-Mar, the stock price of Midwest Gold Ltd is at 4,255.90, reflecting a decline of 3.87%. The stock has been underperforming recently, with a negative return of 12.16% over the past month and a year-to-date decline of 12.99%, indicating a bearish trend despite long-term gains.

As of 17-Mar, the stock price of Midwest Gold Ltd is falling, currently at 4,255.90, which reflects a decrease of 171.35 or 3.87%. This decline is part of a broader trend, as the stock has been underperforming recently, having lost 4.8% over the last two days. Additionally, it has underperformed its sector by 4.34% today.<BR><BR>In terms of performance metrics, the stock has shown a negative return of 12.16% over the past month and a year-to-date decline of 12.99%. Although it has impressive long-term returns, such as a 1-year increase of 1525.32% and a staggering 5-year increase of 39124.88%, the recent short-term performance indicates a downward trend.<BR><BR>The stock's current price is also lower than its 20-day and 50-day moving averages, suggesting that it is experiencing a bearish phase. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 291.74% against the 5-day average, indicating some interest in the stock despite its falling price. Overall, the combination of recent performance trends and current price movements indicates that Midwest Gold Ltd is currently in a declining phase.

Why is Midwest Gold Ltd falling/rising?

As of 18-Mar, the stock price of Midwest Gold Ltd is currently 4,089.00, reflecting a decline of 4.98% and an overall drop of 8.53% over the last three days. The stock has underperformed compared to its sector and is down 16.40% year-to-date, despite an increase in investor participation.

As of 18-Mar, the stock price of Midwest Gold Ltd is falling, currently at 4,089.00, which reflects a decrease of 214.5 points or 4.98%. This decline is part of a broader trend, as the stock has been losing value for the last three days, resulting in an overall drop of 8.53% during this period. Today, the stock opened with a loss of 4.22% and reached an intraday low of Rs 4088.35, marking a 5% decrease at its lowest point.<BR><BR>Additionally, the stock has underperformed compared to the sector by 6.47%. Over the past week, it has declined by 2.28%, and for the past month, the stock has seen a significant drop of 11.17%. Year-to-date, the stock is down 16.40%, while the benchmark Sensex has only decreased by 9.99%. <BR><BR>Despite these negative movements, there has been a rise in investor participation, with delivery volume increasing by 15.51% against the 5-day average. However, the overall trend indicates a consistent decline in the stock's price, influenced by recent performance metrics and market conditions.

Why is Midwest Gold Ltd falling/rising?

As of 19-Mar, the stock price of Midwest Gold Ltd is rising to 4,257.50, reflecting a 3.98% increase after a trend reversal. Despite this rise, the stock has seen declines over the past week and month, and concerns about falling investor participation persist.

As of 19-Mar, the stock price of Midwest Gold Ltd is rising, currently at 4,257.50, which reflects an increase of 162.9 or 3.98%. This upward movement follows a trend reversal after three consecutive days of decline. Today, the stock outperformed its sector by 7.59%, indicating a positive shift in performance relative to its peers. The stock reached an intraday high of Rs 4274, marking a gain of 4.38% at its peak.<BR><BR>Despite the recent rise, it is important to note that the stock has experienced a decline of 1.03% over the past week and 2.64% over the past month. Year-to-date, it is down 12.96%, although it has shown remarkable growth over the past year with an increase of 1463.25%. The stock's performance over three years and five years is also significantly positive, with increases of 13208.85% and 39139.63%, respectively.<BR><BR>However, there are concerns regarding falling investor participation, as evidenced by a 29.53% drop in delivery volume compared to the five-day average. Additionally, while the stock is trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages, suggesting some volatility in the short term. Overall, the current rise in stock price can be attributed to a reversal from recent declines and positive performance today, despite underlying challenges in investor engagement and recent trends.

Why is Midwest Gold Ltd falling/rising?

As of 20-Mar, the stock price of Midwest Gold Ltd is rising to 4,440.00, reflecting a 4.29% increase. This upward trend is supported by recent gains, strong sector performance, and a positive monthly return, despite some concerns over declining investor participation.

As of 20-Mar, the stock price of Midwest Gold Ltd is rising, currently at 4,440.00, reflecting a change of 182.5 (4.29%) upward. This increase can be attributed to several factors. Firstly, the stock has been gaining for the last two days, with an overall return of 8.44% during this period. Additionally, it has outperformed its sector by 2.74% today, indicating strong relative performance.<BR><BR>Despite opening with a loss of -3.09% today, the stock reached an intraday high of Rs 4,445, showcasing its ability to recover and gain momentum throughout the trading session. Furthermore, the stock's performance over the past month shows a positive return of +6.88%, contrasting with a significant decline in the benchmark Sensex, which fell by -10.00% in the same timeframe. <BR><BR>However, it is important to note that there are some negative indicators, such as a decrease in investor participation, with delivery volume falling by -34.23% compared to the 5-day average. This could suggest a potential concern regarding sustained buying interest. Nonetheless, the overall upward movement in price today indicates a current positive sentiment towards Midwest Gold Ltd.

Why is Midwest Gold Ltd falling/rising?

As of 23-Mar, the stock price of Midwest Gold Ltd is rising to 4,500.00, reflecting a 1.98% increase. The stock has shown strong performance, gaining 9.9% over the last three days and outperforming its sector, despite a decline in investor participation.

As of 23-Mar, the stock price of Midwest Gold Ltd is rising, currently at 4,500.00, which reflects a change of 87.25 or 1.98% increase. The stock has shown a positive performance today, outperforming its sector by 6.99%. Additionally, it has been gaining for the last three days, accumulating a total return of 9.9% during this period. <BR><BR>The stock reached an intraday high of Rs 4,599.95, indicating strong upward momentum. Despite experiencing a low of Rs 4,192.15 during the day, the overall trend remains positive. The stock's performance over the past week and month also shows gains of 1.64% and 4.33%, respectively, while it has significantly outperformed the benchmark Sensex, which has declined by 3.72% over the same week and 12.72% over the month.<BR><BR>Moreover, the stock's moving averages are higher than the 5-day, 20-day, 100-day, and 200-day averages, suggesting a generally positive trend in the stock's price movement. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 36.05% against the 5-day average, which could indicate some caution among investors. Nevertheless, the current liquidity of the stock remains sufficient for trading activities.<BR><BR>Overall, the combination of recent gains, positive sector performance, and strong historical returns contributes to the rising stock price of Midwest Gold Ltd.

Why is Midwest Gold Ltd falling/rising?

As of 24-Mar, the stock price of Midwest Gold Ltd is rising, currently at 4,679.25, reflecting a 3.04% increase. Despite some volatility and slight underperformance today, the overall trend shows strong investor interest and significant gains over the past week and year.

As of 24-Mar, the stock price of Midwest Gold Ltd is rising, currently at 4,679.25, reflecting a change of 138.2 or 3.04% increase. This upward movement can be attributed to several factors. Over the past week, the stock has performed well, gaining 8.73%, while the benchmark Sensex has declined by 2.63%. Additionally, the stock has shown a significant increase over the past year, with a remarkable rise of 1519.40%, compared to the Sensex's decrease of 5.02%.<BR><BR>However, it is important to note that today's performance indicates a slight underperformance against its sector by 1.7%. The stock has experienced a trend reversal, having fallen after three consecutive days of gains. During the day, it reached an intraday high of Rs 4705, which is a 3.61% increase, but also touched a low of Rs 4350, reflecting a decline of 4.21%. Despite this volatility, there has been a notable increase in investor participation, with delivery volume rising by 49.34% compared to the 5-day average, indicating strong interest in the stock.<BR><BR>Overall, while there are signs of volatility and some underperformance today, the overall trend and investor engagement suggest a rising stock price for Midwest Gold Ltd.

Why is Midwest Gold Ltd falling/rising?

As of 25-Mar, the stock price of Midwest Gold Ltd is rising to 4,850.00, reflecting a 3.65% increase. This rise is driven by strong recent performance, increased trading volume, and positive sector trends, indicating sustained investor interest.

As of 25-Mar, the stock price of Midwest Gold Ltd is rising, currently at 4,850.00, reflecting an increase of 170.75 (3.65%). This upward movement can be attributed to several factors. Firstly, the stock has shown strong performance over the past week, with a return of 18.45%, significantly outperforming the Sensex, which has declined by 1.87% during the same period. Additionally, the stock has been on a consecutive gain streak for the last five days, indicating sustained positive momentum.<BR><BR>Today, the stock reached an intraday high of Rs 4901, marking a rise of 4.74%, although it also experienced a low of Rs 4550. Despite this fluctuation, the overall trend remains positive. The trading volume has also seen an increase, with delivery volume rising by 22.62% compared to the five-day average, suggesting growing investor interest and participation.<BR><BR>Moreover, Midwest Gold Ltd is trading above its moving averages across various time frames (5-day, 20-day, 50-day, 100-day, and 200-day), which is typically a bullish indicator. The sector itself has gained by 2.46%, further supporting the stock's rise. Overall, these factors contribute to the positive price movement of Midwest Gold Ltd.

Which are the latest news on Midwest Gold?