Midwest Gold Ltd - Stock Valuation and Financial Performance

BSE: 526570 | NSE: | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Midwest Gold Share Price

16.73 -0.79 -4.51%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Midwest Gold

M-Cap below 100cr DeciZen not available

Midwest Gold stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
5.5 Cr.
52-wk low:
16.7
52-wk high:
33

Is Midwest Gold Ltd an attractive stock to invest in?

1. Is Midwest Gold Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Midwest Gold Ltd is a below average quality company.

2. Is Midwest Gold Ltd undervalued or overvalued?

The key valuation ratios of Midwest Gold Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Midwest Gold Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Midwest Gold Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Midwest Gold:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Midwest Gold Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -307.2%1.4%-7.7%-21.3%-20.4%-13.5%-22.7%-16.7%-9%-117.1%-
Value Creation
Index
NA-0.9NANANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1.10.14.12.60.10.10.60.40.11.81
Sales YoY Gr.--88.9%3,291.7%-36.1%-95.4%-8.3%427.3%-36.2%-67.6%1,358.3%-
Adj EPS -1.30.3-2.9-5.3-4.1-2.3-3.8-4.4-4-29.4-17
YoY Gr.-NA-1188.9%NANANANANANANA-
BVPS (₹) -0.2-5.6-9.2-14.9-19-21.3-25.1-29.4-34.3-63.7-68.7
Adj Net
Profit
-0.40.1-1-1.7-1.3-0.8-1.3-1.4-1.3-9.6-6
Cash Flow from Ops. -0.100.2000.10.20.3-3.7-1.8-
Debt/CF from Ops. 0-363.883.11437.5-735.996.39453.8-6-13.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.5%70.9%44.5%1358.3%
Adj EPS NANANANA
BVPSNANANANA
Share Price -2.1% 5.2% 15.5% -47.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-319.7-9.139.844.324.211.416.51612.56025.6
Op. Profit
Mgn %
-50.7-311.1-14.3-44.6-534.4-495.2-111.5-292.9-765.7-298.4-174.2
Net Profit
Mgn %
-37.975.4-23.7-67.2-1099.4-702.2-216.7-384.4-1052.3-548.8-1067.2
Debt to
Equity
0-8-4-2.5-2-1.7-1.7-1.9-2-1.2-
Working Cap
Days
3,17534,0309571,12221,15224,9604,9978,24724,9461,4772,129
Cash Conv.
Cycle
1,45121,18245058015,44818,3233,4045,54217,295476-9,803

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 44.50%

Sales growth is good in last 4 quarters at 44.33%

Return on Equity has declined versus last 3 years average to 25.60%

Latest Financials - Midwest Gold Ltd.

Standalone Consolidated
TTM EPS (₹) -17 -
TTM Sales (₹ Cr.) 0.5 -
BVPS (₹.) -68.7 -
Reserves (₹ Cr.) -26 -
P/BV -0.24 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 16.69 / 32.98
All Time Low / High (₹) 0.10 / 34.65
Market Cap (₹ Cr.) 5.5
Equity (₹ Cr.) 3.3
Face Value (₹) 10
Industry PE 41.4

Management X-Ray of Midwest Gold:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Midwest Gold

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1.080.124.072.600.120.110.580.370.121.75
Operating Expenses 1.630.484.933.940.780.631.231.461.536.98
Manufacturing Costs0.050.080.690.080.220.200.390.200.200.32
Material Costs1.340.103.253.210.210.090.060.660.181.65
Employee Cost 0.070.110.110.120.140.110.450.390.430.65
Other Costs 0.170.180.870.530.210.230.320.210.714.36
Operating Profit -0.55-0.36-0.86-1.35-0.65-0.53-0.65-1.09-1.40-5.23
Operating Profit Margin (%) -50.7%-311.0%-21.2%-51.8%-534.0%-495.0%-112.0%-295.0%-1,135.5%-298.0%
Other Income 0.040.040.040.030.650.080.040.020.130.02
Interest 0.0200.160.01000.070.400.621.01
Depreciation 0.060.220.240.420.290.200.190.130.110.09
Exceptional Items 0000000.010.0600
Profit Before Tax -0.60-0.55-1.22-1.75-0.30-0.65-0.86-1.55-2.01-6.31
Tax -0.19-0.64-0.060.131.050.100.39-0.16-0.393.30
Profit After Tax -0.410.09-1.16-1.88-1.34-0.75-1.25-1.38-1.62-9.61
PAT Margin (%) -37.9%75.4%-28.5%-72.2%-1,099.4%-702.0%-216.0%-373.0%-1,311.2%-548.0%
Adjusted EPS (₹)-1.30.3-3.5-5.7-4.1-2.3-3.8-4.2-5.0-29.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -0.08-1.84-3-4.87-6.22-6.97-8.22-9.60-11.22-20.82
Share Capital 3.273.273.273.273.273.273.273.273.273.27
Reserves -3.35-5.11-6.27-8.14-9.49-10.24-11.49-12.87-14.49-24.09
Minority Interest0000000000
Debt014.6212.1112.1112.1112.1113.6617.8422.1325.12
Long Term Debt0000000000
Short Term Debt014.6212.1112.1112.1112.1113.6617.8422.1325.12
Trade Payables3.053.042.694.413.834.034.033.302.813.12
Others Liabilities 11.780.030.38-1.79-0.040.771.35-0.89-2.980.45
Total Liabilities 14.7515.8512.189.869.689.9410.8310.6510.737.87

Fixed Assets

Gross Block16.2316.2316.2316.2316.2416.2410.5910.1510.159.16
Accumulated Depreciation10.7312.8013.0413.4613.7513.948.277.988.097.14
Net Fixed Assets5.503.433.192.772.492.292.332.172.062.03
CWIP 0000000000
Investments 0000000000.02
Inventories1.741.631.810.690.720.901.911.791.651.86
Trade Receivables5.875.865.545.045.075.075.155.213.970.34
Cash Equivalents 0.050.040.050.040.050.210.100.130.140.19
Others Assets1.594.891.581.311.361.471.341.352.923.44
Total Assets 14.7515.8512.189.869.689.9410.8310.6510.737.87

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -0.05-0.040.150.01-0.020.130.150.33-3.67-1.82
PBT -0.60-0.55-1.23-1.75-0.30-0.65-0.86-1.55-2.01-6.31
Adjustment 0.050.190.370.420.270.170.220.450.725.10
Changes in Working Capital 0.490.3111.340.020.60.781.42-2.38-0.61
Tax Paid 0000000000
Cash Flow From Investing Activity 0.030.030.0300.020.02-0.190.100.02-0.12
Capex 0.0300000-0.210.080-0.10
Net Investments 000000000-0.02
Others 00.030.0300.020.020.030.020.020
Cash Flow From Financing Activity -0.020-0.16000-0.07-0.403.671.98
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.020-0.16000-0.07-0.4000
Dividend Paid 0000000000
Others 000000003.671.98
Net Cash Flow -0.04-0.010.010.0100.15-0.110.030.010.05
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.070.010.290.240.010.010.060.030.010.19
PAT to CFO Conversion(x)N/A-0.44N/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days1,9250512743003,2235,1010449
Inventory Days6735,3111551762,1102,7828881,8235,080366
Payable Days89103214037,273002,0356,185657

Midwest Gold Ltd Stock News

Midwest Gold Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Midwest Gold on 28-Mar-2024 16:01 is ₹16.73.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Midwest Gold stood at ₹5.47.
The latest P/E ratio of Midwest Gold as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Midwest Gold as of 28-Mar-2024 16:01 is -0.24.
The 52-week high of Midwest Gold is ₹32.98 and the 52-week low is ₹16.69.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Midwest Gold is ₹0.52 ( Cr.) .

About Midwest Gold Ltd

Midwest Gold was originally incorporated as a limited company under the name and style of Nova Granites (India) on November 20, 1990 in the State of Karnataka. The company was incorporated as 100% export oriented unit (EOU) with an object of processing of Granite Blocks including mining and processing of all other types of minerals. The company had commenced its commercial operations in the year 1990.

The company has been engaged in the business of manufacturing and marketing granite slabs and tiles. Located in the Bangalore district of Karnataka, the manufacturing developed capacity to manufactures polished granite slabs and tiles, dimensional granite blocks and polished marble slabs and tiles.

The registered office is at No 25A, Attibele Industrial Area, Attibele, Bangalore - 562107.

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