MidwestNSE:MIDWESTLTD -1.14%29 ROA % is 10.41% as of Mar. 2026, which is 6% below its 10-year median of 11.06. GuruFocus rates NSE:MIDWESTLTD with a GF Score™ of 29/100. The stock has 3 warning signs investors should review. Among 410 Building Materials companies, Midwest ranks better than 78.54% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Midwest's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹1,422 Mil.
Midwest's average Total Assets over the quarter that ended in Mar. 2026 was ₹13,668 Mil. Therefore, Midwest's annualized ROA % for the quarter that ended in Mar. 2026 was 10.41%.
The historical rank and industry rank for Midwest's ROA % or its related term are showing as below:
NSE:MIDWESTLTD'
s ROA % Range Over the Past 10 Years
Min: 6.59 Med: 11.06 Max: 13.6
Current: 6.59
During the past 4 years, Midwest's highest ROA % was 13.60%. The lowest was 6.59%. And the median was 11.06%.
NSE:MIDWESTLTD's ROA % is ranked better than 78.54% of 410
companies
in the Building Materials industry
Industry Median: 2.345
vs NSE:MIDWESTLTD: 6.59
Midwest (NSE:MIDWESTLTD) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Midwest ROA % Related Terms
Midwest ROA % Historical Data
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The historical data trend for Midwest's ROA % 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.
For the Building Materials subindustry, Midwest's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Midwest's ROA % distribution charts can be found below:
* The bar in red indicates where Midwest's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Midwest (NSE:MIDWESTLTD) has a ROA % of 10.41% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Midwest and its competitors. This is near median its historical median of 11.06. Over the past decade, Midwest's ROA % has ranged from 6.59 to 13.60. According to the industry distribution chart, Midwest ranks #88 out of 410 companies in the Building Materials industry, placing it in the top 21.5%.
Is Midwest's ROA % too high?
Midwest's current ROA % of 10.41% is near median its 10-year median of 11.06. Over the past 10 years, this metric has ranged from a low of 6.59 to a high of 13.60. The Building Materials industry median ROA % is 2.35. Midwest's value of 10.41% is 343.9% above this industry median. Based on the distribution chart, Midwest ranks #88 out of 410 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 ROA % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Midwest ranks #88 out of 410 companies for ROA %. This places Midwest in the top 22% of its industry — outperforming the majority of peers. The industry median ROA % is 2.35. Midwest's value of 10.41% is 343.9% above this benchmark. Historically, Midwest's own ROA % has ranged from 6.59 to 13.60 over the past decade. While the company's 10-year median is 11.06 vs. the industry median of 2.35, 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 ROA % for a Building Materials company?
The median ROA % among Building Materials companies is 2.35, based on 410 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Midwest's current ROA % of 10.41% is 343.9% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Midwest and its competitors. For the Building Materials industry, the median ROA % is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Midwest's current ROA % is 10.41%, which is near median its own 10-year median of 11.06. 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 ROA % of 10.41%. The current ROA % is 10.41%, which is near median its 10-year median of 11.06 and 343.9% above the Building Materials industry median of 2.35. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Midwest (NSE:MIDWESTLTD), the current ROA % is 10.41% 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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