Mid East Portfolio Management Limited

Financial Services — Capital Markets · BSE

₹33.00+₹1.47 (+4.66%)

DalalBaazaar Score

60 / 100

🟢 Good

Verdict

CAUTION

Risk

High

Driven by the company is currently loss-making, micro-cap size, which brings thin liquidity, falling profits.

In simple words: The company is currently losing money, but sales are shrinking. The direction of profits is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:48 pm

Understanding the Business

Company site ↗

The 60-second version of Mid East Portfolio Management Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Mid East Portfolio Management Limited provides investment services to NRIs in India. The company offers various services, such as portfolio management, new issue, and stock broking services/online trading facilities demat services.

IndustryCapital Markets

SectorFinancial Services

Employees7

Annual revenue₹1 Cr

How does it make money?

Turns over ₹1 Cr a year. Of every ₹100 of sales, about ₹69 reaches shareholders as profit, with ₹75 left at the operating level before interest, tax and depreciation. Each of its 7 employees supports ₹17.9 lakh of revenue a year, the signature of a people-led business.

Revenue / employee₹17.9 lakh

Who are its competitors?

The closest listed comparisons in its industry are BAJAJ FINANCE LIMITED, HDFC LIFE INS CO LTD, SBI LIFE INSURANCE CO LTD. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Not assessable from these ratios

For a lender, returns on capital are shaped by leverage and funding cost rather than by pricing power, so the usual financial signature of an advantage does not apply. Judge this one on deposit franchise, cost of funds and asset quality — none of which are in this data.

Peer median ROE13.7%

What has been driving growth?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved +22627% while net margin moved -94% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+22627%

Margin effect-94%

DalalBaazaar Score

60/ 100

Good

Weighted across six categories. Every point is explained below.

✗ No meaningful P/E — the company is lossmaking

Quality vs. Valuation

Company Quality

68/ 100

Good

How good the business is, ignoring the share price entirely.

Valuation

31/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

A good business, but the price already reflects that. The quality is real; the question is whether you are overpaying for it today.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

No P/E — the company is lossmaking

EV/EBITDA

17.7x

PEG

—

What's Good / What's Bad

🟢 What's Going Well3

Return on equity is rising
ROE has improved from 2.0% to 19.3%.
Return on capital is rising
ROCE has improved from 2.0% to 21.4%.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

1 item require attention · 1 high

🔴Significant margin compressionFinancial
EBITDA margin has fallen 1088.9 points, from 1163.6% to 74.7%.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Margins are being competed away
EBITDA margin has fallen from 1163.6% to 74.7%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1Revenue growth stays above 383% a year✓ 510.3% CAGR
Latest reported year was -70.7%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 73%✓ 74.7%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Return on equity stays above 17%✓ 19.3%
For a lender this is the cleanest single read on whether the book is being grown profitably.

Investment Checklist

6 / 10 checks passed

✓ Strong return on equity (ROE ≥ 15%)
✓ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✗ Revenue growing year-over-year
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

3 good · 4 neutral · 4 weak

Market Cap

₹17 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

3.72x

Fair

Moderate premium to the company's book value

EPS (TTM)

₹-0.26

Loss-making

Negative earnings per share — the business is losing money

ROE

19.3%

Strong

Strong capital efficiency

ROCE

21.4%

Strong

Earns comfortably above its likely cost of capital

Debt/Equity

Not available

No data

Source didn't return this field

Revenue Growth (YoY)

-70.7%

Shrinking

Sales are contracting

Profit Growth (YoY)

-81.1%

Falling

Profits are shrinking

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹2 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

81.8%

Good

Healthy core-business profitability

Net Margin

-19.2%

Weak

Very little revenue reaches the bottom line

Current Ratio

2.05

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.23

Defensive

Steadier than the market

52W Range Position

59%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

33.2 / 34.2

Bearish alignment (short < long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

33.2

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹0 Cr	—	—	₹1 Cr	+510.3%
EBITDA	₹0 Cr	₹0 Cr	₹0 Cr	₹1 Cr	+144.4%
EBITDA Margin	1163.6%	—	—	74.7%	—
PAT (Net Profit)	₹0 Cr	₹0 Cr	₹0 Cr	₹1 Cr	+138.5%
EPS	₹0.13	₹0.11	₹0.83	₹1.73	+137.0%
ROE	2.0%	1.7%	11.5%	19.3%	—
ROCE	2.0%	1.7%	11.5%	21.4%	—
Free Cash Flow	₹0 Cr	₹0 Cr	₹1 Cr	₹2 Cr	+159.4%

🟢 Revenue has grown at 510.3% a year over 3 years.

🟢 EBITDA has grown at 144.4% a year over 3 years.

🔴 EBITDA Margin has fallen from 1163.6% to 74.7% over 3 years (-1088.9 pts).

🟢 PAT (Net Profit) has grown at 138.5% a year over 3 years.

🟢 EPS has grown at 137.0% a year over 3 years.

🟢 ROE has risen from 2.0% to 19.3% over 3 years (+17.3 pts).

🟢 ROCE has risen from 2.0% to 21.4% over 3 years (+19.4 pts).

🟢 Free Cash Flow has grown at 159.4% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹5 Cr

Total Liabilities

₹0 Cr

Total Debt

—

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹2 Cr

Capex

—

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

49.1%

Peer Comparison

Company	P/E	ROE
BAJAJ FINANCE LIMITED	30.2x	17.8%
HDFC LIFE INS CO LTD	58.4x	11.3%
SBI LIFE INSURANCE CO LTD	63.9x	13.7%

Recent News

2 positive4 general

Mid East Portfolio Mgmt passes all AGM resolutions with 99.99% support

scanx.trade, 30 Sept

Mid East Portfolio Management Responds to BSE Query on Share Price Movement

scanx.trade, 08 Apr

Om Power Transmission standalone net profit rises 25.99% in the June 2026 quarter

Business Standard, 12 AugResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

JPMorgan Indian Investment Trust - Half Year Report June 17, 2026

James Sharp & Co., 17 Jun

Why did market rise today? Sensex surges 540 points, Nifty tops 24,770. 6 key factors fueling Rs 5 lakh cr

The Economic Times, 03 Aug

Global Smartphone Revenue Up 7% in Q2 2026 Despite Shipment Slump; Apple Hits Revenue Share Peak

Counterpoint Research, 30 JulResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

Watch Items

Revenue growth is negative (-70.7%) on the latest reported period — check if this is one-off or a trend.
This is a financial-sector business: borrowing is its raw material, not leverage in the usual sense. Debt/Equity and ROCE here aren't comparable to a manufacturer's — read them alongside NIM, GNPA and capital adequacy from the company's own disclosures.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
1 metric couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

StrongFinancial Health

MiddlingBusiness Quality · Growth · Profitability

WeakValuation · Risk

Points for each in the Score ↑

Good business, demanding price

The quality is real and the price already reflects it. Buying here is a bet that the business keeps compounding for long enough to grow into the multiple — which good businesses often do, but it removes the margin for error that a lower price would have given you. 1 high-severity red flag sits above this conclusion and should be read first.

All 3 tripwires holding · see Key things to watch ↑