Midwest (NSE:MIDWESTLTD) EBIT: ₹1,163 Mil (TTM As of Mar. 2026)


NSE:MIDWESTLTD Midwest Ltd NSE:MIDWESTLTD
29 GF Score
Price ₹1,363.10
! 3 Warning Signs
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What is Midwest EBIT?

Midwest NSE:MIDWESTLTD +4.09% 29 EBIT is ₹1,163 Mil as of Mar. 2026. GuruFocus rates NSE:MIDWESTLTD with a GF Score™ of 29/100. The stock has 3 warning signs investors should review.

Midwest's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹526 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹1,163 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Midwest's annualized ROC % for the quarter that ended in Mar. 2026 was 14.05%. Midwest's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 30.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Midwest's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.37%.

Midwest  (NSE:MIDWESTLTD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Midwest's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1997.36 * ( 1 - 27.01% )/( (0 + 10374.27)/ 1 )
=1457.873064/10374.27
=14.05 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=13667.72 - 979.1 - ( 2314.35 - max(0, 2185.45 - 5978.11+2314.35))
=10374.27

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Midwest's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2102.2/( ( (0 + max(0, 0)) + (5123.88 + max(1759.16, 0)) )/ 1 )
=2102.2/( ( 0 + 6883.04 )/ 1 )
=2102.2/6883.04
=30.54 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2276.17 + 434.57 + 792.29) - (979.1 + 0 + 764.77)
=1759.16

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Midwest's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1162.99/49062.098
=2.37 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Midwest EBIT Related Terms

Midwest EBIT Historical Data

* Premium members only.

The historical data trend for Midwest's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Midwest EBIT Chart

Midwest Annual Data
Trend Mar23 Mar24 Mar25 Mar26
EBIT
875.39 1,459.90 1,889.37 1,575.08

Midwest Quarterly Data
Mar23 Mar24 Dec24 Mar25 Jun25 Dec25 Mar26
EBIT Get a 7-Day Free Trial 228.75 689.72 365.59 271.85 525.55

NSE:MIDWESTLTD vs CRH, VMC, MLM: EBIT Comparison

For the Building Materials subindustry, Midwest's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Midwest EV-to-EBIT vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Midwest's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Midwest's EV-to-EBIT falls into.


NSE:MIDWESTLTD
29GF Score
Midwest Ltd NSE:MIDWESTLTD
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Midwest EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹1,163 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹1,163 Mil mean?
Midwest (NSE:MIDWESTLTD) has a EBIT of ₹1,163 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Midwest.
Is Midwest's EBIT too high?
Midwest's current EBIT is ₹1,163 Mil. Overall, Midwest has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Midwest's EBIT compare to CRH and VMC?
Midwest's EBIT of ₹1,163 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Building Materials company?
A good EBIT depends on the Building Materials industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Midwest. Midwest's current EBIT is ₹1,163 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midwest stock overvalued right now?
Midwest (NSE:MIDWESTLTD) has a current EBIT of ₹1,163 Mil. The current EBIT is ₹1,163 Mil. Midwest's overall GF Score™ is 29/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Midwest (NSE:MIDWESTLTD), the current EBIT is ₹1,163 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Midwest Business Description

Other Exchanges 544587:India
Address Road No.12, Banjara Hills, 8-2-684/3/25 and 26, Hyderabad, TG, IND, 500 034
Midwest Ltd is engaged in the business of exploration, exploitation, manufacturing, processing, and selling of dressed Granite blocks, Slabs, and Diamond cutting wires. It is a natural stone company focused on the mining, processing, and export of Black Galaxy Granite and other premium granite varieties. The company operates a complete value chain from quarrying to distribution, serving markets across various countries. Midwest has expanded into related areas such as quartz processing and diamond wire manufacturing. Revenue is generated mainly through the sale and export of Black Galaxy granite to the Chinese market. It operates in three business segments: (i) Natural Stone Segment; (ii) Diamond Wire Segment; and (iii) Others (comprises scrap sales and export incentives received).
29GF Score

Get the complete analysis for NSE:MIDWESTLTD

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,363.10
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