Midas Infra Trade Limited engages in the manufacture and trade of jewelry in India.
Solid track record with mediocre balance sheet.
Share Price & News
How has Midas Infra Trade's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 531192 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how 531192 performed against the Indian Luxury industry.
Return vs Market: Insufficient data to determine how 531192 performed against the Indian Market.
Price Volatility Vs. Market
How volatile is Midas Infra Trade's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Midas Infra Trade undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 531192's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 531192's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 531192 is poor value based on its PE Ratio (8.5x) compared to the Luxury industry average (8.2x).
PE vs Market: 531192 is good value based on its PE Ratio (8.5x) compared to the Indian market (9.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 531192's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 531192 is overvalued based on its PB Ratio (1.1x) compared to the IN Luxury industry average (0.4x).
How is Midas Infra Trade forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Midas Infra Trade 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.
- Check out Midas Infra Trade's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Midas Infra Trade competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Midas Infra Trade performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 531192 has high quality earnings.
Growing Profit Margin: 531192's current net profit margins (1.2%) are higher than last year (0.9%).
Past Earnings Growth Analysis
Earnings Trend: 531192's earnings have grown significantly by 38.1% per year over the past 5 years.
Accelerating Growth: 531192's earnings growth over the past year (115%) exceeds its 5-year average (38.1% per year).
Earnings vs Industry: 531192 earnings growth over the past year (115%) exceeded the Luxury industry 7.5%.
Return on Equity
High ROE: 531192's Return on Equity (13.3%) is considered low.
How is Midas Infra Trade's financial position?
Financial Position Analysis
Short Term Liabilities: 531192's short term assets (₹734.0M) exceed its short term liabilities (₹530.2M).
Long Term Liabilities: 531192's short term assets (₹734.0M) exceed its long term liabilities (₹147.3M).
Debt to Equity History and Analysis
Debt Level: 531192's debt to equity ratio (88.2%) is considered high.
Reducing Debt: 531192's debt to equity ratio has increased from 0.3% to 88.2% over the past 5 years.
Debt Coverage: 531192's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 531192 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Midas Infra Trade's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 531192's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 531192's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 531192's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 531192'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 531192's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Rajnish Chopra (43yo)
Mr. Rajnish Chopra has been Managing Director of Midas Infra Trade Limited since August 13, 2018. Mr. Chopra served as Sales Head at Worldorf Astoria NY. Mr. Chopra served as Director of Frenching Best Wes ...
CEO Compensation Analysis
Compensation vs Market: Rajnish's total compensation ($USD28.43K) is below average for companies of similar size in the Indian market ($USD47.89K).
Compensation vs Earnings: Rajnish's compensation has increased by more than 20% in the past year.
|MD & Non-Independent Executive Director||1.67yrs||₹2.16m||no data|
|Executive Director||2.67yrs||no data||no data|
|Additional Non-Executive Independent Director||1.67yrs||no data||no data|
|Independent Director||0.33yr||no data||no data|
Experienced Board: 531192's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Midas Infra Trade Limited's company bio, employee growth, exchange listings and data sources
- Name: Midas Infra Trade Limited
- Ticker: 531192
- Exchange: BSE
- Founded: 1994
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: ₹191.540m
- Shares outstanding: 122.00m
- Website: https://www.mitl.org.in
Number of Employees
- Midas Infra Trade Limited
- 2633-2634, Bank Street
- 301, Karol Bagh
- New Delhi
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|531192||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jan 2012|
Midas Infra Trade Limited engages in the manufacture and trade of jewelry in India. It operates in two segments, Hospitality and Trading of Jewellery. The company operates a chain of showrooms under the franchisee of Sunar in Delhi and NCR. It is also involved in the hospitality business. The company was formerly known as Associated Finlease Limited and changed its name to Midas Infra Trade Limited in August 2013. Midas Infra Trade Limited was incorporated in 1994 and is based in New Delhi, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 13:52|
|End of Day Share Price||2020/03/24 00:00|
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.