Mideast (India) Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 1
Rank 9
Rank 8
Dividend Yield
Rank 3
Rank 20
Price To Book Ratio
Rank 1
Debt To Asset
Rank 12

Company Information

Belonging to the Mesco group Mideast India formerly Mideast Shipping Company was incorporated as a public company in 1977. The company started with the manufacture of leather garments at Noida. At present the company has five units at Noida and one in Madras producing various types of leather garments shoes and shoe uppers. It has jointventure manufacturing facilities in Russia and a jointventure tannery in Zambia. It also has joint ventures in Mauritius and Germany. In 1994 it introduced the Mesco range of shoes catering mainly to the premium segment in mens shoes in the domestic as well as international markets. It proposes to acquire two ships to carry iron ore to China and bring back coal from there for its group concern Mideast Integrated Steel. It has signed an agreement with Hindustan Shipyard to acquire the ships. The group has a presence in airlines Mesco Airlines. The company went public with a rightscumpublic issue of FCDs in May 93 to partfinance its equity contribution in Mideast Integrated Steel MISL as well as Mesco Mauritius. The company earned foreign exchange worth Rs 15.00 cr in 199596. The project implementation work of Mideast Integrated Steels the first IndoChinese joint venture is under implementation.Mideast India plans to launch the KSwiss brand of shoes in collaboration with KSwiss US in the local market. It has already launched Heinz Hunnel a leading German brand of shoes. In collaboration with Fagus Germany the company is establishing a separate project for the manufacture of shoe lasts.During 199697 the company earned foreign exchange worth Rs 3.41 cr.
OrganisationMideast (India) Ltd
HeadquartersNew Delhi