Midwest Ltd

Midwest Ltd’s Subsidiary Sees Credit Rating Boost & Strong Margins 📈

- Revenue rose to ₹256.84 Cr in FY25 (up from ₹242.59 Cr in FY24).

- Operating margin remained strong at over 25%.

- Long-term rating upgraded to 'CRISIL A-/Stable' from 'CRISIL BBB+/Positive'.

- Short-term rating upgraded to 'CRISIL A2+' from 'CRISIL A2'.

- Gearing ratio stood at a comfortable 0.53x as of March 31, 2025.

- Key risks: Product concentration & forex volatility.

- Upside potential: Revenue growth above ₹350 Cr could drive further upgrades.

- Downside risk: Turnover decline below ₹200 Cr or major capex strain.