BSE:500277

Stock Analysis Report

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Executive Summary

Mid India Industries Limited manufactures and trades in cotton and polyester cotton blended yarn in India.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Mid India Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500277 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

500277

9.1%

IN Luxury

6.4%

IN Market


1 Year Return

123.1%

500277

-20.8%

IN Luxury

-16.2%

IN Market

Return vs Industry: 500277 exceeded the Indian Luxury industry which returned -20.8% over the past year.

Return vs Market: 500277 exceeded the Indian Market which returned -16.2% over the past year.


Shareholder returns

500277IndustryMarket
7 Day0%9.1%6.4%
30 Day-7.4%10.8%8.4%
90 Dayn/a-19.5%-8.9%
1 Year123.1%123.1%-20.2%-20.8%-14.6%-16.2%
3 Year38.1%38.1%0.6%-1.7%-4.9%-9.9%
5 Year-38.7%-38.7%49.8%46.3%21.6%10.2%

Price Volatility Vs. Market

How volatile is Mid India Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mid India Industries undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Mid India Industries is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Mid India Industries has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of 500277’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Mid India Industries regulatory filings.
  • Explore potentially undervalued companies in the Consumer Durables industry.

Future Growth

How is Mid India Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.6%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mid India Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Mid India Industries performed over the past 5 years?

-29.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500277 is currently unprofitable.

Growing Profit Margin: 500277 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 500277 is unprofitable, and losses have increased over the past 5 years at a rate of -29.9% per year.

Accelerating Growth: Unable to compare 500277's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 500277 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (6.4%).


Return on Equity

High ROE: 500277's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Mid India Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 500277 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 500277 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 500277 is debt free.

Reducing Debt: 500277's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 500277 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 500277 has sufficient cash runway for 2.3 years if free cash flow continues to reduce at historical rates of 40.3% each year.


Next Steps

Dividend

What is Mid India Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 500277's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 500277's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 500277's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 500277's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 500277's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Sanjay Singh (50yo)

5.58yrs

Tenure

Mr. Sanjay Singh has been the Managing Director and Director at Mid India Industries Ltd since November 14, 2014. 


Leadership Team

NamePositionTenureCompensationOwnership
Sanjay Singh
MD & Director5.58yrsno data0.018% 2.5k
Om Dhanotiya
Chief Financial Officer5.83yrs₹292.32k0.15% 21.7k
Shailendra Agrawal
Compliance Officer & Company Secretary6.08yrs₹600.00kno data
Bhawani Soni
Whole Time Director1.08yrsno datano data

5.8yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 500277's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sanjay Singh
MD & Director5.58yrsno data0.018% 2.5k
Bhawani Soni
Whole Time Director1.08yrsno datano data
Aneet Jain
Independent Non Executive Director18.17yrsno data0.0012% 174.4
Rakesh Jain
Non-Executive Independent Director9yrsno data0.17% 24.0k
Deepika Gandhi
Independent Non Executive Director5.58yrsno datano data

5.6yrs

Average Tenure

50yo

Average Age

Experienced Board: 500277's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mid India Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mid India Industries Limited
  • Ticker: 500277
  • Exchange: BSE
  • Founded: 1991
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹14.181m
  • Shares outstanding: 16.30m
  • Website: https://www.midindiaindustries.com

Number of Employees


Location

  • Mid India Industries Limited
  • 405, Princess Centre
  • 6/3, New Palasia
  • Indore
  • Madhya Pradesh
  • 452001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500277BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002

Biography

Mid India Industries Limited manufactures and trades in cotton and polyester cotton blended yarn in India. It also offers multi fold yarn for use in carpets, tufting, and other industrial fabrics. The company was formerly known as Mid India Spinning Limited. Mid India Industries Limited was incorporated in 1991 and is based in Indore, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 12:32
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.