MidwestNSE:MIDWESTLTD +4.09%29 Operating Margin % is 23.14% as of Mar. 2026, which is 2% above its 10-year median of 22.78. GuruFocus rates NSE:MIDWESTLTD with a GF Score™ of 29/100. The stock has 3 warning signs investors should review. Among 403 Building Materials companies, Midwest ranks better than 87.1% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Midwest's Operating Income for the
three
months ended in Mar. 2026 was ₹499 Mil. Midwest's Revenue for the
three
months ended in Mar. 2026 was ₹2,158 Mil. Therefore, Midwest's Operating Margin % for the quarter that ended in Mar. 2026 was 23.14%.
The historical rank and industry rank for Midwest's Operating Margin % or its related term are showing as below:
NSE:MIDWESTLTD'
s Operating Margin % Range Over the Past 10 Years
Min: 15.19 Med: 22.78 Max: 24.41
Current: 21.5
NSE:MIDWESTLTD's Operating Margin % is ranked better than 87.1% of 403
companies
in the Building Materials industry
Industry Median: 7.62
vs NSE:MIDWESTLTD: 21.50
Midwest's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Midwest's Operating Income for the
three
months ended in Mar. 2026 was ₹499 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹1,046 Mil.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Midwest Operating Margin % Related Terms
Midwest Operating Margin % Historical Data
* Premium members only.
The historical data trend for Midwest's Operating Margin % 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.
NSE:MIDWESTLTD vs CRH, VMC, MLM: Operating Margin % Comparison
For the Building Materials subindustry, Midwest's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Midwest's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Midwest's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Midwest's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* 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 (NSE:MIDWESTLTD) has a Operating Margin % of 23.14% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Midwest and its competitors. This is near median its historical median of 22.78. Over the past decade, Midwest's Operating Margin % has ranged from 15.19 to 24.41. According to the industry distribution chart, Midwest ranks #52 out of 403 companies in the Building Materials industry, placing it in the top 12.9%.
Is Midwest's Operating Margin % too high?
Midwest's current Operating Margin % of 23.14% is near median its 10-year median of 22.78. Over the past 10 years, this metric has ranged from a low of 15.19 to a high of 24.41. The Building Materials industry median Operating Margin % is 7.62. Midwest's value of 23.14% is 203.7% above this industry median. Based on the distribution chart, Midwest ranks #52 out of 403 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Midwest has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Midwest's Operating Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Midwest ranks #52 out of 403 companies for Operating Margin %. This places Midwest in the top 13% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.62. Midwest's value of 23.14% is 203.7% above this benchmark. Historically, Midwest's own Operating Margin % has ranged from 15.19 to 24.41 over the past decade. While the company's 10-year median is 22.78 vs. the industry median of 7.62, Midwest has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Building Materials company?
The median Operating Margin % among Building Materials companies is 7.62, based on 403 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Midwest's current Operating Margin % of 23.14% is 203.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Midwest and its competitors. For the Building Materials industry, the median Operating Margin % is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Midwest's current Operating Margin % is 23.14%, which is near median its own 10-year median of 22.78. 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 Operating Margin % of 23.14%. The current Operating Margin % is 23.14%, which is near median its 10-year median of 22.78 and 203.7% above the Building Materials industry median of 7.62. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Midwest (NSE:MIDWESTLTD), the current Operating Margin % is 23.14% 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 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
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