Mid India Industries Ltd - Stock Valuation and Financial Performance

BSE: 500277 | NSE: MIDINDIA | Textile - Spinning | Small Cap

Mid India Inds. Share Price

9.98 -0.20 -1.96%
as on 04-Oct'24 16:01

DeciZen - make an informed investing decision on Mid India Inds.

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Mid India Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
16.3 Cr.
52-wk low:
6.2
52-wk high:
14.4

Is Mid India Industries Ltd an attractive stock to invest in?

1. Is Mid India Industries Ltd a good quality company?

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

2. Is Mid India Industries Ltd undervalued or overvalued?

The key valuation ratios of Mid India Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Mid India Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mid India Industries 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 Mid India Inds.:

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.
Mid India Industries 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 4%-18%-74.9%0%0%0%0%0%0%0%-
Value Creation
Index
-0.7-2.3-6.4NANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 29.223.125.522.721.28.51.71914.76.74
Sales YoY Gr.--20.9%10.2%-10.9%-6.4%-60.1%-80.5%1,050.3%-22.7%-54.2%-
Adj EPS 0.1-0.5-1.4-2.7-1.6-0-0.20.30.5-0.3-0.3
YoY Gr.--871.4%NANANANANANA46.9%-155.3%-
BVPS (₹) 3.12.51.2-1.5-3.1-3.1-3.3-2.9-2.5-2.7-2.8
Adj Net
Profit
0.1-0.9-2.3-4.3-2.60-0.30.50.8-0.4-1
Cash Flow from Ops. 0.510.400-0.10-0.10-0.6-
Debt/CF from Ops. 0.4000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -15.1%-20.5%59.8%-54.2%
Adj EPS -215.7%NANA-155.3%
BVPS-198.6%NANANA
Share Price 13.4% 77.9% 19.6% 21.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
2.4-19.4-76.61574.769.80.84.9-10.3-17.410.112.1
Op. Profit
Mgn %
1.4-3.1-8.2-18.1-11.12.1-0.54.98.5-3.2-8.4
Net Profit
Mgn %
0.4-3.8-9-19.1-12.2-0.5-15.42.75.3-6.4-12.1
Debt to
Equity
0000000000-
Working Cap
Days
7510396106811949719013321594
Cash Conv.
Cycle
32286-28-98-337-1,407-139-206-325-144

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.10%

Sales growth is growing at healthy rate in last 3 years 59.78%

Sales growth is not so good in last 4 quarters at -67.07%

Latest Financials - Mid India Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -0.3 -
TTM Sales (₹ Cr.) 4.5 -
BVPS (₹.) -2.8 -
Reserves (₹ Cr.) -21 -
P/BV -3.62 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 6.18 / 14.37
All Time Low / High (₹) 0.26 / 46.45
Market Cap (₹ Cr.) 16.3
Equity (₹ Cr.) 16.3
Face Value (₹) 10
Industry PE 27.6

Management X-Ray of Mid India Inds.:

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 Mid India Inds.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales29.2223.1025.4522.6721.238.481.6518.9814.686.73
Operating Expenses 28.8123.8227.5426.7823.588.301.6518.0413.436.95
Manufacturing Costs5.144.815.485.753.990.010000
Material Costs20.2615.4917.9316.4616.517.921.3717.3713.016.41
Employee Cost 2.622.723.4242.580.150.140.110.160.23
Other Costs 0.790.790.710.560.500.230.140.560.260.31
Operating Profit 0.41-0.72-2.10-4.10-2.350.18-0.010.941.25-0.22
Operating Profit Margin (%) 1.4%-3.1%-8.2%-18.1%-11.1%2.1%-0.5%4.9%8.5%-3.2%
Other Income 0.040.120.030.030.030.030.020.030.020.17
Interest 0.070.0200000000
Depreciation 0.240.240.240.270.270.250.260.190.220.20
Exceptional Items 000.060.050.0100.010-0.46-0.15
Profit Before Tax 0.15-0.85-2.25-4.29-2.58-0.04-0.250.790.58-0.40
Tax 0.030000000.270.130.03
Profit After Tax 0.12-0.85-2.25-4.29-2.58-0.04-0.250.520.45-0.42
PAT Margin (%) 0.4%-3.7%-8.8%-18.9%-12.2%-0.4%-15.2%2.7%3.1%-6.3%
Adjusted EPS (₹)0.1-0.5-1.4-2.6-1.60.0-0.20.30.3-0.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 4.974.121.87-2.42-5-5.04-5.29-4.78-4.08-4.38
Share Capital 16.3016.3016.3016.3016.3016.3016.3016.3016.3016.30
Reserves -11.33-12.18-14.43-18.72-21.30-21.34-21.59-21.08-20.38-20.68
Minority Interest0000000000
Debt0.210.0100000000
Long Term Debt0000000000
Short Term Debt0.210.0100000000
Trade Payables3.334.577.139.6510.2312.6810.0511.709.028.41
Others Liabilities 0.400.380.891.670.420.160.1110.740.25
Total Liabilities 8.919.089.898.895.657.804.867.925.674.28

Fixed Assets

Gross Block21.7922.1922.3222.4522.4922.4922.2722.2722.284.59
Accumulated Depreciation19.7119.9519.9920.1520.3420.5920.6420.8221.054.10
Net Fixed Assets2.082.242.322.292.141.891.631.451.230.49
CWIP 000.220.16000000
Investments 000.2000.110.130.18000
Inventories4.703.924.402.310001.100.210.02
Trade Receivables1.341.601.643.032.375.242.583.792.402.74
Cash Equivalents 0.130.490.140.260.130.040.030.120.090.20
Others Assets0.660.830.950.840.880.500.441.451.730.82
Total Assets 8.919.089.898.895.657.804.867.925.674.28

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.490.970.35-0.04-0.02-0.080.03-0.09-0.03-0.58
PBT 0.15-0.85-2.25-4.29-2.58-0.04-0.250.520.45-0.37
Adjustment 0.240.310.210.70-0.280.160.240.170.210.04
Changes in Working Capital 0.11.552.393.562.85-0.20.04-1.05-0.81-0.22
Tax Paid 0-0.03000000.270.13-0.03
Cash Flow From Investing Activity 0.09-0.40-0.690.08-0.07-0.02-0.040.18-0.010.70
Capex -0.01-0.40-0.49-0.130.04000-0.010.70
Net Investments 00-0.200.21-0.11-0.02-0.040.1800
Others 0.10000000000
Cash Flow From Financing Activity -0.76-0.22-0.010.07-0.0300000
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.06-0.0200000000
Dividend Paid 0000000000
Others -0.70-0.20-0.010.07-0.0300000
Net Cash Flow -0.180.36-0.350.11-0.12-0.10-0.010.09-0.040.12
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.41-18.8-75.07N/AN/AN/AN/AN/AN/AN/A
ROCE (%)3.98-17.97-74.89N/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio3.462.572.682.412.921.260.262.972.161.35
PAT to CFO Conversion(x)4.08N/AN/AN/AN/AN/AN/A-0.17-0.07N/A
Working Capital Days
Receivable Days13232338461648676177140
Inventory Days5068605400021166
Payable Days47931191862205283,017228291496

Mid India Industries Ltd Stock News

Mid India Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mid India Inds. on 04-Oct-2024 16:01 is ₹9.98.
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 04-Oct-2024 16:01 the market cap of Mid India Inds. stood at ₹16.27.
The latest P/E ratio of Mid India Inds. as of 04-Oct-2024 16:01 is 0.00.
The latest P/B ratio of Mid India Inds. as of 04-Oct-2024 16:01 is -3.62.
The 52-week high of Mid India Inds. is ₹14.37 and the 52-week low is ₹6.18.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mid India Inds. is ₹4.46 ( Cr.) .

About Mid India Industries Ltd

Mid India Industries was incorporated in 1991 is engaged in the business of manufacturing, marketing and export of cotton yarn and polyester cotton blended yarn. It also trades in terry towels.

The manufacturing plant of the company is located at Mandsaur in Madhya Pradesh with an installed capacity of 12,480 spindles of cotton and blended yarns and 432 rotors. The registered office of the company is located at Textile Mill Area, Mandsaur, Madhya Pradesh- 458001.

Business area of the company

The company is engaged in the business of manufacturing, marketing and export of cotton yarn and polyester cotton blended yarn.

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