Midland Microfin Limited
- Unlisted share
- Financial Services
- ISIN INE884Q01015
At a glance
Sales
FY26
₹637 Cr
+0.2%on FY25What the company earned from its customers in the year.
Profit
FY26
₹34.76 Cr
+30.3%on FY25What was left after every cost and tax was paid.
Market valuecalculated
₹1,011 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY26
₹683 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Midland Microfin Limited
- ISIN
- INE884Q01015
- Sector
- Financial Services
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹193.05
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Midland Microfin Limited
Midland Microfin is a Jalandhar-based NBFC-MFI regulated by the Reserve Bank of India that gives small joint-liability-group and individual loans, mostly to women borrowers, through 613 branches in 16 states and 2 union territories. Its largest shareholder is the private equity vehicle Kitara PIIN 1501 with about 40% of the equity, followed by ICICI Bank and the promoter group led by managing director Amardeep Singh Samra. Its equity is unlisted, while its debentures are listed on BSE.
Written from: midlandmicrofin.com
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Financial Services
- ISIN
- INE884Q01015
- Headquarters
- Jalandhar, Punjab
- Promoters and main shareholders
- Promoter group (Amardeep Singh Samra, Ranjit Kaur Chhokar and others) holds 21.68% of equity; largest shareholder is Kitara PIIN 1501 with 40.06%; ICICI Bank holds 9.98%
- Key people
- Chairman and Independent Director: Mr. Parveen Kumar Gupta; Managing Director: Mr. Amardeep Singh Samra; President, CFO and COO: Mr. Amitesh Kumar; Chief Compliance Officer and Company Secretary: Mr. Kapil Kumar Ruhela
- Permanent employees
- 5,949 people
- Face value
- ₹10
- Equity shares outstanding
- 5,23,73,407 shares
- CIN
- U65921PB1988PLC008430
- Website
- midlandmicrofin.com
Read from: Midland Microfin annual report 2025-26, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
29.1×
At this price you pay ₹29.1 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
1.48×
At this price you pay ₹1.48 for every ₹1 of net worth on the company's books.
Profit margincalculated
5.5%
Out of every ₹100 of sales, ₹5.5 was left as profit.
Return on equitycalculated
5.1%
For every ₹100 of the owners' money, the company made ₹5.1 of profit in the year.
Debt to equitycalculated
1.97×
The company has borrowed ₹1.97 for every ₹1 of its owners' money.
- Indicative price
- ₹193.05
- Market valuecalculated
- ₹1,011 Cr
- price × shares
- No. of shares
- 5,23,73,407
- EPS
- ₹6.64
- Book value per share
- ₹130.35
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Midland Microfin Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY24 to FY26: ₹531 Cr to ₹637 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY24 to FY26: ₹72.16 Cr to ₹34.76 Cr.
| Particulars | FY24 | FY25 | FY26Latest |
|---|---|---|---|
| Total revenue from operations | 530.87 | 635.71 | 636.96 |
| Other income | 1.89 | 0.74 | 10.54▲1324% |
| Total income | 532.76 | 636.45 | 647.49▲2% |
| Depreciation and amortization expense | 3.8 | 4.55 | 4.71▲4% |
| Finance cost | 204.38 | 272.18 | 278.23▲2% |
| Profit before tax | 94.01 | 32.66 | 41.78▲28% |
| Profit for the year | 72.16 | 26.67 | 34.76▲30% |
| Basic earnings per share (₹) | 16.45 | 5.56 | 6.64▲19% |
Rupees crore unless marked, standalone (no subsidiaries). The change shown is the latest year against the year before. Read from: Midland Microfin annual report 2024-25, Midland Microfin annual report 2025-26.
Credit rating. CARE BBB+ (Negative) on bank facilities and NCDs; ACUITE A-/Negative on bank facilities and NCDs; IND BBB/Stable on NCDs (As stated for the year ended 31 March 2026) Midland Microfin annual report 2025-26
Ownership
Shareholding pattern
Who owns the company
40.1%Kitara PIIN 1501
- Largest holder
- 40.1%
- Top 3 together
- 71.7%
- Holders named
- 6
- Kitara PIIN 150140.06%
- Promoters, total (includes the two promoters above)21.68%
- ICICI Bank Limited9.98%
- Ranjit Kaur Chhokar (promoter)9.79%
- Amardeep Singh Samra (promoter)7.02%
- International Township Developers Pvt. Ltd.5.77%
- Total94.30%
Read from: Midland Microfin annual report 2025-26
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised | Source |
|---|---|---|---|---|---|
| FY2025-26Call money in arrears of ₹230.98 million on partly paid preference shares was received during 2025-26. | Call money on partly paid shares | Partly paid compulsorily convertible preference shares | Not stated | ₹23 Cr | midlandmicrofin.com |
| FY2024-25Final call on partly paid equity and preference shares held by existing shareholders brought in ₹1,130.06 million during 2024-25. | Call money on partly paid shares | Partly paid equity shares and compulsorily convertible preference shares | Not stated | ₹113 Cr | midlandmicrofin.com |
| FY2023-2463,14,583 preference shares offered to existing holders at ₹160 each (₹10 face value plus ₹150 premium), ₹48 paid by March 2024 and ₹112 by March 2025. | Rights issue | 0.01% cumulative compulsorily convertible preference shares (partly paid) | ₹160 | Not stated | midlandmicrofin.com |
| FY2023-245,37,160 preference shares placed privately at ₹150 each during 2023-24. | Private placement | 0.01% cumulative compulsorily convertible preference shares | ₹150 | Not stated | midlandmicrofin.com |
Read from: Midland Microfin annual report 2025-26, Midland Microfin annual report 2024-25
Leadership
Management
Mr. Parveen Kumar Gupta
Chairman and Independent Director
Mr. Amardeep Singh Samra
Managing Director
Mr. Amitesh Kumar
President, CFO and COO
Mr. Kapil Kumar Ruhela
Chief Compliance Officer and Company Secretary
Mr. Santokh Singh Chhokar
Non-Executive Director
Mr. Sachin Nithyanand Kamath
Nominee Director
Mr. Ashwani Kumar Jindal
Non-Executive Independent Director
Mrs. Kamna Raj Aggarwalla
Independent Director
Read from: Midland Microfin annual report 2025-26
Corporate calendar
Events
- 4 May 2026ResultsAudited accounts for 2025-26 signed by the board and auditorsOpen
- 30 Mar 2026Debenture issueLast of the year's listed secured debenture allotments; ₹5,600 million of secured and ₹550 million of unsecured listed NCDs were placed privately in 2025-26Open
- 29 Jan 2026Board changeMr. Shant Kumar Gupta joined the board as an additional directorOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Midland Microfin Limited on WhatsAppIs the price shown for Midland Microfin Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Midland Microfin Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Midland Microfin Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Midland Microfin Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.