Midwest Ltd. (ML) Stock Analysis
Complete Price Forecast & Technical Analysis for 2025-2026
Executive Summary
Midwest Ltd. is India's largest producer of Absolute Black Granite and Black Galaxy Granite with approximately 70% export earnings. The company holds 16 granite mining rights across 6 locations in various Indian states. With strong financial performance showing 33% PAT growth and 7% revenue increase between FY2024 and FY2025, the company is positioned for continued growth. This analysis provides detailed price targets, support/resistance levels, and trading strategies for investors and traders.
Stock Price Forecast 2025-2026
| Period | Target Price (₹) | Potential Return | Timeframe |
|---|---|---|---|
| Oct 2025 | 1120 - 1180 | 5.2% - 10.8% | Short Term |
| Nov-Dec 2025 | 1200 - 1280 | 12.7% - 20.2% | Short Term |
| Q1 2026 | 1300 - 1420 | 22.1% - 33.3% | Medium Term |
| Q2 2026 | 1450 - 1580 | 36.2% - 48.4% | Medium Term |
| Q3 2026 | 1600 - 1750 | 50.2% - 64.3% | Long Term |
| Q4 2026 | 1780 - 1950 | 67.1% - 83.1% | Long Term |
Upside Price Targets
| Target Type | Price Level (₹) | Time Horizon | Probability |
|---|---|---|---|
| Conservative | 1250 - 1350 | 3-6 months | High |
| Moderate | 1500 - 1650 | 6-9 months | Medium |
| Aggressive | 1800 - 2000 | 9-12 months | Medium |
| Multibagger Potential | 2200+ | 12+ months | Low |
Downside Price Targets
| Scenario | Price Level (₹) | Time Horizon | Probability |
|---|---|---|---|
| Mild Correction | 980 - 1020 | 1-3 months | Medium |
| Significant Correction | 850 - 920 | 3-6 months | Low |
| Bear Market | 720 - 800 | 6+ months | Very Low |
Technical Analysis Levels
Resistance Levels
| Level | Price (₹) | Strength | Breakout Potential |
|---|---|---|---|
| R1 | 1120 | Weak | High |
| R2 | 1185 | Medium | Medium |
| R3 | 1250 | Strong | Medium |
| R4 | 1320 | Very Strong | Low |
| R5 | 1400 | Extreme | Very Low |
Support Levels
| Level | Price (₹) | Strength | Breakdown Risk |
|---|---|---|---|
| S1 | 1040 | Weak | High |
| S2 | 995 | Medium | Medium |
| S3 | 950 | Strong | Medium |
| S4 | 890 | Very Strong | Low |
| S5 | 840 | Extreme | Very Low |
Trading & Investment Strategy Levels
Strong Buy Levels (After Breakout)
| Level | Price (₹) | Confirmation Signal | Stop Loss |
|---|---|---|---|
| Breakout Buy 1 | 1125+ | Close above 1120 with volume | 1040 |
| Breakout Buy 2 | 1190+ | 3 consecutive closes above 1185 | 1100 |
| Breakout Buy 3 | 1260+ | Weekly close above 1250 | 1160 |
Strong Sell Levels
| Level | Price (₹) | Confirmation Signal | Target |
|---|---|---|---|
| Resistance Sell 1 | 1115-1120 | Rejection with high volume | 1040 |
| Resistance Sell 2 | 1180-1185 | Double top formation | 1080 |
| Resistance Sell 3 | 1245-1250 | Bearish divergence on RSI | 1150 |
Profit Booking Levels
| Strategy | Price Range (₹) | Booking Percentage | Rationale |
|---|---|---|---|
| Partial Profit | 1200-1250 | 20-30% | First major resistance zone |
| Significant Profit | 1350-1420 | 40-50% | Overbought territory, P/E expansion |
| Major Profit | 1550-1650 | 60-70% | High valuation, fundamental limits |
Breakout & Breakdown Levels
| Type | Price Level (₹) | Confirmation | Implication |
|---|---|---|---|
| Breakout Level | 1120 | Close above with >10% volume spike | Target 1250-1280 |
| Major Breakout | 1250 | Weekly close above | Target 1400-1450 |
| Breakdown Level | 1040 | Close below with high volume | Target 980-950 |
| Major Breakdown | 950 | Weekly close below | Target 850-800 |
Expected Financial Performance 2026
| Financial Indicator | Projected 2026 | Growth % | Calculation Basis |
|---|---|---|---|
| Revenue | ₹735-755 Cr | 14-17% | 7% historical growth + export expansion |
| Profit After Tax (PAT) | ₹155-165 Cr | 16-24% | PAT margin improvement to 21% |
| EBITDA | ₹195-205 Cr | 14-19% | Operating leverage benefits |
| EPS | ₹31-33 | 15-22% | PAT growth / outstanding shares |
| ROE | 21-23% | 1-3 pts | Improved profitability |
| P/E Ratio | 34-38 | - | Based on projected EPS |
Investment & Trading Strategy
Short Term Trading (1-3 Months)
Price Targets: ₹1120 - ₹1280
Strategy: Buy near support levels (₹1040-₹1080) with strict stop loss at ₹1020. Partial profit booking at ₹1180-₹1200. Watch for breakout above ₹1120 with volume confirmation for additional long positions.
Medium Term Investment (3-9 Months)
Price Targets: ₹1300 - ₹1580
Strategy: Accumulate on dips towards ₹1050-₹1100 zone. Hold core position with trailing stop loss. Book partial profits at ₹1350 and ₹1500 levels. Monitor quarterly results for growth sustainability.
Long Term Investment (9+ Months)
Price Targets: ₹1600 - ₹1950+
Strategy: Systematic investment approach. Hold through volatility with focus on business fundamentals. Re-evaluate if P/E exceeds 45 or if export growth slows significantly. Multibagger potential exists if company maintains >20% ROE and expands mining rights.
Frequently Asked Questions
What should investors and traders do after this stock IPO listing?
After IPO listing, investors should evaluate the stock based on its fundamentals and technical levels. For Midwest Ltd., with strong promoter holding (84.39%) and improving financials, long-term investors can consider accumulation on dips, while traders should watch key technical levels for entry and exit points.
What are the short term targets of the stock?
Short term targets for Midwest Ltd. are ₹1120-1180 for October 2025 and ₹1200-1280 for November-December 2025, representing 5-20% upside from current levels.
What are the medium term targets of the stock?
Medium term targets (3-9 months) are ₹1300-1420 for Q1 2026 and ₹1450-1580 for Q2 2026, representing 22-48% potential upside.
What are the long term targets of the stock?
Long term targets (9+ months) are ₹1600-1750 for Q3 2026 and ₹1780-1950 for Q4 2026, representing 50-83% potential upside from current levels.
Should investors hold this stock after IPO listing or sell?
Given the strong fundamentals, high promoter holding, and growth in profitability, investors should consider holding Midwest Ltd. with a long-term perspective, while implementing appropriate profit booking strategies at resistance levels.
Can this stock become a multibagger in 2026?
While Midwest Ltd. has strong fundamentals and growth potential, becoming a multibagger (100%+ returns) in 2026 would require exceptional performance beyond current projections. Our analysis suggests 67-83% upside potential by end of 2026, which is significant but falls slightly short of multibagger status based on current projections.
At what price should investors and traders buy the stock?
Ideal buying zones are:
- Aggressive traders: ₹1060-1080 with stop loss at ₹1020
- Conservative investors: ₹1040-1060 with wider stop loss
- Breakout buyers: Above ₹1120 with volume confirmation
Important Disclaimer
This analysis is for educational and informational purposes only and should not be considered as financial advice or recommendation to buy/sell any security. The price targets and projections are based on current financial data and market conditions, which can change anytime. Company financial positions and market situations are dynamic and subject to change without notice. Investors should conduct their own research and consult with financial advisors before making investment decisions. Past performance is not indicative of future results.
Specific Disclaimer: Price Targets are on the basis of current financial data and market situations can be changed anytime and company financial position will also change of the company anytime so regular check your investment and trade and financial performance and news related to the company.
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