Check Before You Invest : Midwest Ltd

Q: Which industry/sub-sector does Midwest Ltd belong to?

Midwest Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Ceramics/Marble/Granite/Sanitaryware segment.

Q: Is Midwest Ltd a good quality company?

Midwest Ltd is a good quality company, based on a consistently good multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Midwest Ltd undervalued or overvalued?

Midwest Ltd appears Overvalued, as its key valuation ratios are higher than their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 54.85, Historic Median: 54.03. Price to Book, Current: 5.95, Historic Median: 5.90. Price to Sales, Current: 13.13, Historic Median: 12.93. EV to EBITDA, Current: 34.16, Historic Median: 33.65

Q: Is Midwest Ltd a good buy now?

Midwest Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Midwest Ltd?

Midwest Ltd revenue growth is 8.1% for FY-2025, which is below its 5-year CAGR of 14.35%, indicating slower growth.

Q: Gross Profit margin of Midwest Ltd?

Midwest Ltd Gross profit margin which is the profit after deduction of direct costs, is 36.9% for FY-2025, which is above its 5-year median of 29.7%, indicating increasing margins.

Q: Operating Profit Margin of Midwest Ltd?

Midwest Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 30.32% for FY-2025, which is above its 5-year median of 25.87% indicating increasing margins.

Q: Net Profit Margin of Midwest Ltd?

Midwest Ltd Net Profit Margin is 23.93% for FY-2025, is above its 5-year median of 16.87%, indicating increasing margins. Profitability Metrics. Gross Profit Margin (%), Current: 36.9, Historic Median: 29.7. Operating Profit Margin (%), Current: 30.32, Historic Median: 25.87. Net Profit Margin (%), Current: 23.93, Historic Median: 16.87

Q: Return on Asset of Midwest Ltd?

Midwest Ltd Return on Asset is 14.03%, which is above its 5-year historical median of 11.78%, indicating improved asset utilization efficiency.

Q: Return on capital employed (ROCE) of Midwest Ltd?

Midwest Ltd Return on capital employed is 23.97% for FY-2025, which is above its 5-year historical median of 22.31%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Check Before You Invest : Midwest Ltd

Snapshot

Q.1 Which industry/sub-sector does Midwest Ltd belong to?

Midwest Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Ceramics/Marble/Granite/Sanitaryware segment.

Q.2 Is Midwest Ltd a good quality company?

Midwest Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Midwest Ltd undervalued or overvalued?

Midwest Ltd appears Overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	54.85	54.03
Price to Book	5.95	5.90
Price to Sales	13.13	12.93
EV to EBITDA	34.16	33.65

Q.4 Is Midwest Ltd a good buy now?

Midwest Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Midwest Ltd?

Midwest Ltd revenue growth is 8.1% for FY-2025, which is below its 5-year CAGR of 14.35%, indicating slower growth.

Q.2 Gross Profit margin of Midwest Ltd?

Midwest Ltd Gross profit margin which is the profit after deduction of direct costs, is 36.9% for FY-2025, which is above its 5-year median of 29.7%, indicating increasing margins.

Q.3 Operating Profit Margin of Midwest Ltd?

Midwest Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 30.32% for FY-2025, which is above its 5-year median of 25.87% indicating increasing margins.

Q.4 Net Profit Margin of Midwest Ltd?

Midwest Ltd Net Profit Margin is 23.93% for FY-2025, is above its 5-year median of 16.87%, indicating increasing margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	36.9	29.7
Operating Profit Margin (%)	30.32	25.87
Net Profit Margin (%)	23.93	16.87

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Midwest Ltd?

Midwest Ltd Return on Asset is 14.03%, which is above its 5-year historical median of 11.78%, indicating improved asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Midwest Ltd?

Midwest Ltd Return on capital employed is 23.97% for FY-2025, which is above its 5-year historical median of 22.31%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Q.7 Return on Equity (ROE) of Midwest Ltd?

Midwest Ltd Return on equity is 19.72% for FY-2025, which is above its 5-year historical median of 18.52%, indicating the business is making better use of its shareholders capital.

Q.8 Cash conversion cycle of Midwest Ltd?

Midwest Ltd Cash conversion cycle is 87 days, above its 5-year historical median of 71 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	0.59	0.64
ROE (%)	19.72	18.52
ROCE (%)	23.97	22.31
Cash Conversion Cycle	87 days	71 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Midwest Ltd?

Midwest Ltd Debt-to-Equity ratio is 0.19, which is lower the industry average of 0.32, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of Midwest Ltd?

Midwest Ltd Debt to cash flow from operations is 4.62, which is at a unhealthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Midwest Ltd?

Q.1 Promoter shareholding and pledge status of Midwest Ltd?

Promoters hold 77.13% of the Midwest Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Midwest Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Midwest Ltd vs industry peers?

Midwest Ltd revenue CAGR is 14.35%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	8.1	0
Gross Profit Growth (%)	23.6	9
Operating Profit Growth (%)	15.8	1.1
Net Profit Growth (%)	20.6	15.6

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	0.59	0.55
ROE (%)	19.72	2.33
ROCE (%)	23.97	5.52
Cash Conversion Cycle (days)	86.99	187

Valuation & price assessment

Q.1 Stock return of Midwest Ltd over the last decade?

Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	-	-	-	-

Q.2 Valuation ratios of Midwest Ltd vs historical?

The current P/E ratio of 54.85 is in line with than its historical median of 54.03, indicating that the stock is trading near its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	54.85	54.03	24.16
Price to Book	5.95	5.90	0.90
Price to Sales	13.13	12.93	1.28
EV to EBITDA	34.16	33.65	10.79

Check more companies

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3. Midwest Energy

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7. Somany Ceramics

8. Asian Granito India

9. Orient Bell

10. Exxaro Tiles

Check trending companies

1. Gillette India Ltd.

2. Tata Communications Ltd.

3. Granules India Ltd.

4. Nestle India Ltd.

5. National Aluminium Company Ltd.

Check Before You Invest : Midwest Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

Check more companies

Check trending companies

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