Synopsis:
On 24 Oct 2025, Goldman Sachs India Equity Portfolio bought 434,323 shares of Midwest Ltd on NSE at Rs. 1,152.56 each. The bulk, non-intraday deal reflects institutional confidence in the company’s growth prospects.
This company is engaged in the business of exploration, mining, processing, marketing, distribution, and export of natural stones, is now in the focus after Goldman Sachs bought a stake in it.
With market capitalization of Rs. 4,015 cr, the shares of Midwest Ltd are currently trading at Rs. 1,103 per share, down by 3% in today’s market session, making a low of Rs.1,102.50, from its previous close of Rs. 1,140.50 per share. The Midwest shares listed on Oct 24th 2025, at a price of Rs. 1,165.00, which is 9.39% higher than the allotment price.
Bulk Deal
On 24 October 2025, Goldman Sachs Funds – Goldman Sachs India Equity Portfolio executed a bulk purchase on the National Stock Exchange (NSE), acquiring 4,34,323 shares of Midwest Ltd at an average price of Rs. 1,152.56 per share, amounting to a transaction value of roughly Rs. 50 crore.
The deal was classified as a bulk deal since the quantity exceeded 0.5% of the company’s equity shares. Such institutional buying by a global fund like Goldman Sachs typically signals strong confidence in the company’s fundamentals or growth outlook.
However, while this may boost investor sentiment and liquidity, it does not necessarily predict future performance; investors should still assess Midwest Ltd’s financials, valuation, and broader market context to understand the long-term significance of this acquisition.
About the company
Midwest Ltd, founded in 1981 and headquartered in Hyderabad, is one of India’s leading mining and natural-stone processing companies. It is best known as the country’s largest producer and exporter of premium Black Galaxy Granite and a key supplier of Absolute Black Granite, operating several mines and processing units across Andhra Pradesh and Telangana. The c ompany exports its products to over 17 countries and has been expanding into related sectors such as quartz processing, heavy mineral sands, and advanced material tools like diamond wires, following a vertically integrated business model that spans from extraction to value-added manufacturing.
The company achieved a Return on Capital Employed (ROCE) of 21.7% and a Return on Equity (ROE) of 18.7%, indicating efficient use of both capital and shareholder funds to generate profits.
Sales of the company increased from Rs. 586 cr in FY24 to Rs. 626 in FY26. Operating profit rose to Rs. 175 cr from Rs. 158 cr. Net profit rose from Rs. 100 cr to Rs. 133 cr over the same period.
Written by Manideep Appana
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