Midwest Gold

Why is Midwest Gold Ltd falling/rising?

As of 14-Jun, Midwest Gold Ltd's stock price is rising to 3,891.15, indicating a potential recovery in investor sentiment after recent declines. Despite a year-to-date drop of -20.45%, the company has shown strong quarterly profits and increased promoter confidence, although it faces risks due to operating losses.

As of 14-Jun, Midwest Gold Ltd's stock price is rising, currently at 3,891.15, reflecting a change of 31.05 (0.8%) upward. This increase follows a trend reversal after two consecutive days of decline, indicating a potential recovery in investor sentiment. Despite the stock's recent underperformance against its sector by -0.95%, the company has shown positive results over the last three consecutive quarters, with a higher profit after tax of Rs 1.73 crore and significant cash reserves of Rs 171.18 crore. <BR><BR>Additionally, promoter confidence has increased, with a 0.87% rise in their stake, now totaling 58.78%, which suggests a belief in the company's future prospects. Notably, while the stock has experienced a year-to-date decline of -20.45%, it has still managed to deliver an impressive 446.01% return over the past year, outperforming the broader market, which has seen negative returns. <BR><BR>However, it is important to note that the stock is trading at a risky valuation due to operating losses and a negative EBITDA of Rs -1.6 crore, which could impact long-term growth. Despite these challenges, the recent positive indicators may be contributing to the current rise in stock price.

Which are the latest news on Midwest Gold?

How big is Midwest Gold?

As of 10th June, Midwest Gold Ltd has a market capitalization of 5,164.00 Cr, with Net Sales of 8.65 Cr and a Net Profit loss of 13.36 Cr over the latest four quarters. Shareholder's Funds are 88.75 Cr and Total Assets are valued at 204.53 Cr as of March 2025.

As of 10th June, Midwest Gold Ltd has a market capitalization of 5,164.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Midwest Gold reported Net Sales of 8.65 Cr. However, the company experienced a loss of 13.36 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, where Shareholder's Funds amounted to 88.75 Cr and Total Assets were valued at 204.53 Cr.

Who are in the management team of Midwest Gold?

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 including Kothamasu Sri Surya Pratap, Rao Sasikanth, Ankireddy Rajyalakshmi, and Sudi Malyadri, with Anushka Agarwal serving as Company Secretary.

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>If you need more information about any specific member or their roles, feel free to ask!

Who are the peers of the Midwest Gold?

Midwest Gold's peers include Doms Industries, Sandur Manganese, Knowledge Marine, Crizac, Navneet Educat., Dredging Corpn., Flair Writing, Ramco Inds., and Creative Newtech. Midwest Gold has below average management risk and capital structure, while its 1-year return is significantly higher at 451.74%.

Peers: The peers of Midwest Gold are Doms Industries, Sandur Manganese, Knowledge Marine, Crizac, Navneet Educat., Dredging Corpn., Flair Writing, Ramco Inds., and Creative Newtech.<BR><BR>Quality Snapshot: Excellent management risk is observed at Doms Industries, Crizac, and the rest. Average management risk is found at Sandur Manganese, Knowledge Marine, Navneet Educat., Dredging Corpn., Flair Writing, Ramco Inds., and Creative Newtech. Below Average management risk is attributed to Midwest Gold. For growth, Excellent growth is seen at Sandur Manganese, Knowledge Marine, Crizac, and the rest. Good growth is noted at Navneet Educat., while Below Average growth is present at Doms Industries, Midwest Gold, Dredging Corpn., Flair Writing, and Ramco Inds. Finally, Excellent capital structure is found at Doms Industries, Sandur Manganese, Crizac, Navneet Educat., and the rest, while Midwest Gold has a Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Sandur Manganese at 31.42%, while the peer with the lowest is Crizac, which has no available data. Midwest Gold's 1-year return is significantly higher at 451.74%. Additionally, the peers with negative six-month returns include Doms Industries, Crizac, and Ramco Inds.

What does Midwest Gold do?

Midwest Gold Ltd, originally Nova Granites (India) Ltd, trades granite and marbles and is classified as a small-cap company with a market cap of INR 5,164 Cr. As of March 2026, it reported net sales of 6 Cr and a net loss of 3 Cr.

Overview:<BR>Midwest Gold Ltd is engaged in the trading business of granite and marbles within the miscellaneous industry and is classified 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 has undergone a name change and has been operational since its inception, with the latest reported quarterly results for net sales and profit being for March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 6 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: -3 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 5,164 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 21 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -0.17 <BR>Return on Equity: 0.73% <BR>Price to Book: 12.16 <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

Should I buy, sell or hold Midwest Gold Ltd?

Are Midwest Gold Ltd latest results good or bad?

Midwest Gold Ltd's latest results show significant revenue growth of 380% to ₹5.76 crores, but the company reported a net loss of ₹3.45 crores and a negative operating margin of -55.9%, indicating ongoing financial challenges and caution for investors.

Midwest Gold Ltd's latest results present a mixed picture, leaning towards the negative side. While the company experienced a significant revenue growth of 380% quarter-over-quarter, reaching ₹5.76 crores in Q4 FY26, it simultaneously reported a net loss of ₹3.45 crores, which is an increase in losses compared to the previous quarter. This indicates that despite the surge in sales, operational inefficiencies persist.<BR><BR>The operating margin remains deeply negative at -55.9%, reflecting ongoing challenges in managing costs effectively. Moreover, the company has accumulated losses exceeding ₹13 crores during FY26, raising concerns about its long-term viability. The extreme price-to-book value of 64.48x further suggests that the stock is trading at a significant premium without corresponding operational performance to justify it.<BR><BR>Overall, while the revenue growth is a positive sign, the continued losses and negative operating margins indicate that the company's financial health is still precarious. Investors should be cautious, as the disconnect between the stock's performance and the company's fundamental challenges could lead to volatility in the future.

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.

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.

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.

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.

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.

Has Midwest Gold declared dividend?

No Dividend History Available