Midwest Granite: Performance Analyzed
Midwest Granite, a big Indian company making and selling granite, saw its stock price jump after a financial advisor gave it a positive rating. The stock went up 3.44%, reaching Rs 1,682. This happened because the advisor thinks the company will do very well in the future.
Key Points
- Strong growth: Revenue & EBITDA are rising quickly (36-47%).
- Key Segments: Quartz & HMS drive future expansion.
- Healthy Profits: Net profit increased significantly (86.82%).
- Debt Reduction: Net debt will fall below 1x EBITDA.
- Valuation Basis: Stock priced at 13x FY28 EBITDA.
- Significant Gains: Up 57.93% since IPO, 44.37% since listing.
The financial advisor highlighted that Midwest is the biggest maker and seller of a special type of granite called “Black Galaxy.” They have their own mines, which helps them control costs and quality. Over the past five years, the company has grown its sales and profits really fast – over 21% and 44% respectively.
Looking ahead, the advisor predicts Midwest’s sales and profits will keep growing quickly, especially because of two new products called Quartz and HMS. They also expect the company to make more money and have less debt.
Midwest’s profits and sales have increased significantly in the last quarter (Q2 September 2025) compared to the same period last year. Their profits rose 86.82% to Rs 27.78 crore, and their sales increased 12.38% to Rs 158.69 crore.
The company started trading on the stock market on October 24, 2025, and its share price was initially Rs 1,165.10. This was a bit higher than the price they offered when they first sold shares in the company (the IPO price).
Lots of people wanted to buy shares in Midwest’s IPO – it was subscribed 87.89 times. The sale of shares lasted from October 15th to 17th, 2025, and the price range was between Rs 1,014 and Rs 1,065.
Midwest Granite’s strong financial performance and growth potential represent a compelling investment opportunity.
