Midwest Key Ratios
NSE: MIDWESTLTD | BSE: 544587
₹1,106.60
As on 28-Aug-2026IST
Market cap
₹4,003 Cr
Revenue (TTM)
₹695 Cr
P/E Ratio
36.1
P/B Ratio
4.3
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -11.11 | 34.85 | 10.21 | 6.03 | 19.48 |
| EBIT | -19.90 | 23.55 | 6.28 | 18.12 | 42.65 |
| Net Profit | -17.32 | 26.68 | 11.71 | 25.71 | 52.08 |
| EPS | -17.32 | 18.45 | 6.27 | 24.27 | 56.49 |
| Book Value | -- | -- | 28.62 | 24.96 | 24.03 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| 19.74 | 19.21 | 21.21 | 23.43 | 22.15 |
| Net Margin
| 15.93 | 15.10 | 15.91 | 20.73 | 16.63 |
| Return on equity
| 23.16 | 23.28 | 13.57 | 26.77 | 25.59 |
| Return on Capital
| 25.16 | 25.42 | -- | 27.81 | 27.75 |
| Return on Assets
| 12.43 | 12.13 | 16.56 | 14.77 | 14.07 |
| Debt to Equity (x)
| -- | -- | 0.14 | 0.42 | 0.28 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
--
|
27.81
|
27.75
|
19.92
|
26.82
|
|
Peer Median
|
--
|
6.71
|
9.19
|
7.13
|
--
|
ROE
13.57
Higher than Peers by 10.55
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
13.57
|
26.77
|
25.59
|
17.13
|
23.37
|
|
Peer Median
|
3.02
|
3.44
|
6.50
|
5.34
|
--
|
ROA
16.56
Higher than Peers by 14.35
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
16.56
|
14.77
|
14.07
|
8.44
|
10.88
|
|
Peer Median
|
2.20
|
3.27
|
4.67
|
2.95
|
--
|
EBIT Margin
21.21
Higher than Peers by 18.88
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
21.21
|
23.43
|
22.15
|
13.65
|
16.94
|
|
Peer Median
|
2.33
|
11.49
|
10.26
|
3.92
|
--
|
Net Margin
15.91
Higher than Peers by 11.13
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
15.91
|
20.73
|
16.63
|
10.42
|
12.44
|
|
Peer Median
|
4.78
|
5.75
|
8.90
|
6.83
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
--
|
25.37
|
20.92
|
15.12
|
16.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
10.21
Higher than Peers by 10.78
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
10.21
|
6.93
|
16.54
|
-4.33
|
--
|
|
Peer Median
|
-0.57
|
30.45
|
1.37
|
27.76
|
--
|
EBIT Growth
6.28
Higher than Peers by 16.30
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
6.28
|
13.09
|
89.13
|
-22.94
|
17.67
|
|
Peer Median
|
-10.02
|
32.17
|
9.69
|
49.38
|
--
|
Net Profit Growth
11.71
Higher than Peers by 21.15
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
11.71
|
32.87
|
84.30
|
-18.86
|
--
|
|
Peer Median
|
-9.44
|
23.31
|
33.41
|
48.28
|
--
|
EPS Growth
6.27
--
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
6.27
|
26.82
|
78.45
|
-15.20
|
12.32
|
|
Peer Median
|
--
|
23.41
|
--
|
115.14
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
--
|
28.62
|
24.96
|
21.43
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.14
Higher than Peers by 0.07
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
0.14
|
0.42
|
0.28
|
0.43
|
0.33
|
|
Peer Median
|
0.07
|
0.35
|
0.13
|
0.22
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
--
|
0.11
|
0.07
|
0.15
|
0.05
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.70
Higher than Peers by 0.69
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
2.70
|
1.60
|
1.66
|
1.28
|
1.10
|
|
Peer Median
|
2.01
|
1.98
|
2.69
|
2.19
|
--
|
Quick Ratio
2.50
Higher than Peers by 1.16
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
2.50
|
1.50
|
1.45
|
0.98
|
0.85
|
|
Peer Median
|
1.35
|
2.13
|
1.54
|
1.95
|
--
|
Interest Coverage
15.72
Higher than Peers by 12.37
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
15.72
|
16.58
|
15.34
|
9.19
|
10.37
|
|
Peer Median
|
3.34
|
5.04
|
8.09
|
5.26
|
--
|
Operating Efficiency
Debtors to sales
32.74
Higher than Peers by 6.34
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
32.74
|
38.32
|
20.33
|
19.15
|
7.93
|
|
Peer Median
|
26.40
|
41.14
|
32.64
|
27.26
|
--
|
Asset Turnover
1.02
Higher than Peers by 0.59
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
1.02
|
0.69
|
0.82
|
0.78
|
0.85
|
|
Peer Median
|
0.42
|
0.43
|
0.50
|
0.53
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
--
|
104.64
|
67.10
|
50.08
|
28.94
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
--
|
18.89
|
29.49
|
39.37
|
35.43
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
--
|
527.23
|
235.76
|
6,990.81
|
326.53
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
--
|
-403.70
|
-139.17
|
-6,901.36
|
-262.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
36.05
Lower than Peers by 4.21
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
36.05
|
--
|
--
|
--
|
--
|
|
Peer Median
|
40.27
|
19.33
|
23.19
|
24.86
|
--
|
Price / Book Value
4.26
Higher than Peers by 2.22
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
4.26
|
--
|
--
|
--
|
--
|
|
Peer Median
|
2.04
|
1.91
|
1.18
|
0.94
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
0.12
|
0.12
|
--
|
EV/EBITDA
20.07
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
20.07
|
1.25
|
0.60
|
1.24
|
0.27
|
|
Peer Median
|
--
|
18.49
|
18.96
|
11.33
|
--
|
Market Cap
4,003
Higher than Peers by 3,888
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Midwest
|
4,003
|
--
|
--
|
--
|
--
|
|
Peer Median
|
115
|
148
|
148
|
68
|
--
|