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Rare Earth Engineers Limited (formerly Midland Polymers Limited) is a listed company originally focused on polymer film manufacturing; it has been promoted since 1992 by members of the Saboo group and has recently repositioned through corporate renaming and material transactions to include clean-energy operations via a newly acquired subsidiary.
The company completed a 70% acquisition of JMR Clean Energy Private Limited during the quarter, and consolidated revenue surged to approximately ₹1,510.22 lakh for the period, with the subsidiary accounting for nearly all operating income and the majority of consolidated profit, marking a swift and material change in the group’s revenue mix.
Capital structure and funding were aggressively updated: paid-up equity increased substantially to ₹1,602.07 lakh following preferential allotments and warrant issuance, the company received initial proceeds from 91,00,000 convertible warrants, and it invested ~₹737.84 lakh into the subsidiary along with related loans, materially transforming the balance sheet.
Standalone operations remain loss-making for the period with a standalone net loss of approximately ₹62.15 lakh for the half year, while consolidated results show a modest profit of ₹36.14 lakh for the half year. Management’s going-concern assertion relies on promoter comfort letters and recent capital injections to fund the enlarged group.
Chemicals & Petrochemicals
Commodity Chemicals
2 Cr
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5.0
35.4
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—
—
—
Sales CAGR
Profit CAGR
ROE
ROCE
Discovery themes featuring this stock
Investor Presentation
Q2 FY27
Investor Presentation
Q3 FY26
Investor Presentation
Q2 FY26
Discovery themes featuring this stock
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
3.80 | 9 Cr | -1.83 | 0.00 | 0.00 | 3.71 | -72.69 | -7.06 | ||
13.50 | 9 Cr | -439.00 | 4.89 | 0.00 | -9.59 | -2.15 | -0.15 | ||
36.13 | 8 Cr | 2.70 | 1.10 | 0.00 | 45.06 | 40.03 | 28.49 | ||
6.25 | 6 Cr | 70.00 | 0.17 | 0.00 | 0.33 | 0.45 | 0.25 | ||
8.10 | 5 Cr | -3.00 | 25.79 | 0.00 | 125.09 | 30.46 | 8.13 | ||
— | 2 Cr | 5.00 | 0.00 | 0.00 | 3.91 | 3.85 | 0.28 | ||
25.00 | 0 Cr | 0.02 | 0.00 | 245.33 | 9.98 | 13.56 | 8.35 | ||
| Median: 7 Co. | — | 10.80 | 6 Cr | 0.02 | 0.17 | 0.00 | 3.91 | 3.85 | 0.28 |
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Bearish
0
Neutral
14
Bullish
0
Bearish
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Neutral
46
Bullish
0
Bearish
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Neutral
32
Bullish
0
Midland Polymers Ltd (MIDPOLY) is currently trading at N/A per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Rare Earth Engineers Limited (formerly Midland Polymers Limited) is a listed company originally focused on polymer film manufacturing; it has been promoted since 1992 by members of the Saboo group and has recently repositioned through corporate renaming and material transactions to include clean-energy operations via a newly acquired subsidiary. The company completed a 70% acquisition of JMR Clean Energy Private Limited during the quarter, and consolidated revenue surged to approximately ₹1,510.22 lakh for the period, with the subsidiary accounting for nearly all operating income and the majority of consolidated profit, marking a swift and material change in the group’s revenue mix. Capital structure and funding were aggressively updated: paid-up equity increased substantially to ₹1,602.07 lakh following preferential allotments and warrant issuance, the company received initial proceeds from 91,00,000 convertible warrants, and it invested ~₹737.84 lakh into the subsidiary along with related loans, materially transforming the balance sheet. Standalone operations remain loss-making for the period with a standalone net loss of approximately ₹62.15 lakh for the half year, while consolidated results show a modest profit of ₹36.14 lakh for the half year. Management’s going-concern assertion relies on promoter comfort letters and recent capital injections to fund the enlarged group.
Over the past 52 weeks, Midland Polymers Ltd has traded between a low of ₹0.00 and a high of ₹0.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Midland Polymers Ltd has a market capitalization of approximately 1.60. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Midland Polymers Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 5.00 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 1.60 Cr, Midland Polymers Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Midland Polymers Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Midland Polymers Ltd is 5.00. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Midland Polymers approved all six resolutions at its AGM on 24 September 2026. These included audited FY 2025-26 accounts, director appointments, a proposed name change, revised constitutional documents and an increase in authorised capital to ₹40 crore.
The board meeting is scheduled for Wednesday, August 12, 2026, to consider unaudited financial results for the quarter ended June 30, 2026.
The open offer was at ₹10 per share to acquire up to 97,50,000 equity shares, representing 26.00% of Midland Polymers’ expanded equity and voting share capital.
The meeting is scheduled for Wednesday, August 12, 2026, as per the company’s filing with BSE.
