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Mid India Inds. share price

Mid India Industries Ltd.

NSE: MIDINDIA BSE: 500277 SECTOR: Textile - Spinning  6052   6   1

6.68
-0.72 (-9.73%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 7.9

Today's Low

₹ 6.66

52 Week High

₹ 12.41

52 Week Low

₹ 6.18

FinStar is Suspended!

FinStar can not be assigned to this company due to its dicey outlook and insufficient data. We will update the FinStar for this company as soon as the data is updated from its end.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

10.89 Cr.

Enterprise Value

10.8 Cr.

No. of Shares

1.63 Cr.

P/E

0

P/B

0

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  -2.65

CASH

0.09 Cr.

DEBT

0 Cr.

Promoter Holding

50.91 %

EPS (TTM)

₹  -0.26

Sales Growth

-22.67%

ROE

0 %

ROCE

0%

Profit Growth

-13.42 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year-22.67%
3 Year20.06%
5 Year-8.33%

Profit Growth

1 Year-18.11%
3 Year140.41%
5 Year15.99%

ROE%

1 Year0%
3 Year0%
5 Year0%

ROCE %

1 Year0%
3 Year0%
5 Year0%

Debt/Equity

0

Price to Cash Flow

-409.06

Interest Cover Ratio

0

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 50.91 0
Sep 2023 50.91 0
Jun 2023 50.91 0
Mar 2023 50.91 0
Dec 2022 50.91 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 20.0631270831243% for the Past 3 years.
  • Company is virtually debt free.
  • The company has an efficient Cash Conversion Cycle of -197.113181885383 days.
  • The company has a high promoter holding of 50.91%.

 Limitations

  • Company has a poor ROE of 0% over the past 3 years.
  • Company has a poor ROCE of 0% over the past 3 years
  • Company has negative cash flow from operations of -0.026618.
  • The company has a low EBITDA margin of 0.810581258962322% over the past 5 years.
  • The company has negative book value.
  • The company is trading at a high PE of 0.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 1.88 3.83 3.3 1.87 0.15
Total Expenditure 1.67 3.49 3.13 1.87 0.25
Operating Profit 0.22 0.34 0.17 0 -0.1
Other Income 0 0.01 0.01 0 0
Interest 0 0 0 0 0
Depreciation 0.06 0.06 0.05 0.05 0.05
Exceptional Items 0 -0.46 -0.11 -0.04 -0.01
Profit Before Tax 0.17 -0.17 0.01 -0.09 -0.16
Tax 0.03 0.01 0 0 0
Profit After Tax 0.14 -0.18 0.01 -0.09 -0.16
Adjusted EPS (Rs) 0.09 -0.11 0.01 -0.05 -0.1

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 21.23 8.48 1.65 18.98 14.68
Total Expenditure 23.58 8.3 1.65 18.04 13.43
Operating Profit -2.35 0.18 -0.01 0.94 1.25
Other Income 0.03 0.03 0.02 0.03 0.02
Interest 0 0 0 0 0
Depreciation 0.27 0.25 0.26 0.19 0.22
Exceptional Items 0.01 0 0.01 0 -0.46
Profit Before Tax -2.58 -0.04 -0.25 0.79 0.58
Tax 0 0 0 0.27 0.13
Net Profit -2.58 -0.04 -0.25 0.52 0.43
Adjusted EPS (Rs.) -1.59 -0.02 -0.15 0.32 0.28

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 16.3 16.3 16.3 16.3 16.3
Total Reserves -21.3 -21.34 -21.59 -21.08 -20.38
Borrowings 0 0 0 0 0
Other N/C liabilities 0.04 0.04 0.04 0.19 0.2
Current liabilities 10.61 12.8 10.11 12.51 9.56
Total Liabilities 5.65 7.8 4.86 7.92 5.67
Assets
Net Block 2.14 1.89 1.63 1.45 1.23
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 0.52 0.39 0.33 0.29 0.42
Other N/C Assets 0 0 0 0 0
Current Assets 2.98 5.52 2.9 6.18 4.01
Total Assets 5.65 7.8 4.86 7.92 5.67
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -2.58 -0.04 -0.25 0.52 0.45
Adjustment -0.28 0.16 0.24 0.17 0.21
Changes in Assets & Liabilities 2.85 -0.2 0.04 -1.05 -0.81
Tax Paid 0 0 0 0.27 0.13
Operating Cash Flow -0.02 -0.08 0.03 -0.09 -0.03
Investing Cash Flow -0.07 -0.02 -0.04 0.18 -0.01
Financing Cash Flow -0.03 0 0 0 0
Net Cash Flow -0.12 -0.1 -0.01 0.09 -0.04

Corporate Actions

Investors Details

PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
promoters 50.91 50.91 50.91 50.91 50.91
anil agrawal 0.05 0.05 0.05 0.08 0.08
indira devi ganediwal - 1.84 1.84 1.84 1.84
nirmal kumar agrawal - 0.07 0.07 0.10 0.10
pradeep kumar ganediwal - 14.53 14.53 14.53 14.53
pradyumn ganediwal 4.84 4.84 4.84 4.84 4.84
priti ganediwal 0.58 0.58 0.58 0.58 0.58
ranchod prasad ganediwal - 5.56 5.56 5.56 5.56
ranchod prasad laxmi nara... - - - 23.05 23.05
ritu agrawal 0.03 0.03 0.03 0.03 0.03
sushila devi ganediwal 0.31 0.31 0.31 0.31 0.31
kanta bai agrawal 0.06 0.06 0.06 - -
ranchod prasad laxmi nara... 23.05 23.05 23.05 - -
ganediwal finance and lea... 3.52 - - - -
indira ganediwal 1.84 - - - -
nirmal agarwal 0.07 - - - -
pradeep ganediwal 11.01 - - - -
ranchhod prasad ganediwal... 5.56 - - - -
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 49.09 49.09 49.09 49.09 49.09
girdhari sagarmal biyani - 1.31 1.31 - 1.31
himmat finlease private l... - - - 1.00 1.37
girdhar sagarmal biyani - - - 1.31 -
girdhari sagarmal baiyani... 1.31 - - - -

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

Mid India Inds. - Quaterly Results6 Feb 2024, 5:33PM Mid India Inds. - Quaterly Results6 Feb 2024, 5:33PM Mid India Inds. - Quaterly Results6 Feb 2024, 5:33PM Mid India Industries informs about board meeting30 Oct 2023, 3:28PM Mid India Industries informs about press release22 Aug 2023, 2:47PM Mid India Industries submits annual report21 Aug 2023, 5:12PM Mid India Industries informs about PCS certificate28 Apr 2023, 4:54PM Mid India Industries informs about disclosure 9 Mar 2023, 5:04PM Mid India Inds. - Quaterly Results30 Jan 2023, 6:57PM Mid India Inds. - Quaterly Results30 Jan 2023, 6:57PM Mid India Industries informs about newspaper publication 9 Aug 2022, 4:11PM Mid India Inds. - Quaterly Results8 Aug 2022, 4:42PM Mid India Inds. - Quaterly Results8 Aug 2022, 4:42PM Mid India Inds. - Quaterly Results8 Aug 2022, 4:42PM MID India Industries informs about details of loss of certificate 19 Jul 2022, 3:02PM Mid India Industries informs about loss of share certificate20 Jun 2022, 1:09PM Mid India Industries informs about disclosures of related party transactions4 Jun 2022, 3:14PM Mid India Inds. - Quaterly Results7 Feb 2022, 5:55PM Mid India Inds. - Quaterly Results7 Feb 2022, 5:55PM Mid India Inds. - Quaterly Results7 Feb 2022, 5:55PM Mid India Industries informs about outcome of AGM21 Sep 2021, 3:20PM Mid India Industries informs about newspaper publication10 Nov 2020, 3:23PM Mid India Industries informs about book closure29 Aug 2020, 4:18PM Mid India Industries informs about AGM notice29 Aug 2020, 4:13PM Mid India Industries informs about newspaper publication17 Jun 2020, 3:27PM

Mid India Inds. Stock Price Analysis and Quick Research Report. Is Mid India Inds. an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Mid India Inds. has a PE ratio of -26.1755485893417 which is low and comparatively undervalued .

  • Share Price: - The current share price of Mid India Inds. is Rs 6.68. One can use valuation calculators of ticker to know if Mid India Inds. share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Mid India Inds. has ROA of 6.61872733800274 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Mid India Inds. has a Current ratio of 0.419739993991796 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Mid India Inds. has a ROE of 0 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Mid India Inds. has a D/E ratio of 0 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Mid India Inds. has an Inventory turnover ratio of 22.2680441463058 which shows that the management is efficient in relation to its Inventory and working capital management.

  • Sales growth: - Mid India Inds. has reported revenue growth of -22.6667703575074 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Mid India Inds. for the current financial year is 8.50232376750796 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Mid India Inds. is Rs 0 and the yield is 0 %.

Last Updated on:
Brief about Mid India Inds.
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