Midwest Past Earnings Performance

Past criteria checks 1/6

Midwest has been growing earnings at an average annual rate of 18.3%, while the Basic Materials industry saw earnings declining at 2.4% annually. Revenues have been growing at an average rate of 7% per year. Midwest's return on equity is 16.7%, and it has net margins of 17.3%.

Key information

18.31%

Earnings growth rate

10.92%

EPS growth rate

Basic Materials Industry Growth	2.92%
Revenue growth rate	6.98%
Return on equity	16.72%
Net Margin	17.32%
Last Earnings Update	30 Sep 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Midwest makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BSE:544587 Revenue, expenses and earnings (INR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 25	6,483	1,123	585
31 Mar 25	6,262	1,224	560
31 Mar 24	5,856	965	510
31 Mar 23	5,119	541	452
31 Mar 22	5,295	633	581
31 Mar 21	3,875	568	508
31 Mar 20	2,572	160	390
31 Mar 19	1,843	-53	331

Quality Earnings: 544587 has a high level of non-cash earnings.

Growing Profit Margin: 544587's current net profit margins (17.3%) are lower than last year (18.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 544587's earnings have grown by 18.3% per year over the past 5 years.

Accelerating Growth: 544587's earnings growth over the past year (2.6%) is below its 5-year average (18.3% per year).

Earnings vs Industry: 544587 earnings growth over the past year (2.6%) did not outperform the Basic Materials industry 7%.

Return on Equity

High ROE: 544587's Return on Equity (16.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/05 13:12
End of Day Share Price	2026/01/05 00:00
Earnings	2025/09/30
Annual Earnings	2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Midwest Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alok Deora	Motilal Oswal Securities Ltd.