Midaas Fashions Ltd (MIDAAS) Share Price & Fundamentals

What we do

Originally a chemical manufacturer, Midaas Fashions Ltd shifted to the fashion jewellery business, focusing on design and retail markets.

Founded in

1,993

Market share

Emerging player in fashion jewellery post-chemical business phase-out

Problem solved

Offers affordable and trendy fashion jewellery catering to consumer style preferences

Top clients or who we serve

B2C customers in fashion accessories sector

Key management

Amit Lalit Jain (Chairman & Director)

Our journey and innovations

Transitioned from chemical production to fashion jewellery after 2010; new promoters acquired majority control in 2025

Where we operate

India, primarily West Bengal and Maharashtra

Top products or what we offer

Contemporary fashion jewellery collections targeting retail consumers

Top brands

-

Raw materials needed

Precious and semi-precious metals, stones for jewellery manufacturing

Raw materials supplier

-

Recurring vs cyclical contribution

Revenue primarily from retail sales which can be cyclical

Our industry position

Small-scale niche player in fashion jewellery

Financial highlights

Revenue around Rs. 17 lakh and net loss Rs. 33 lakhs for FY 2025-26; recovering operational stability post-transition

Geographical revenue split

-

Order book

-

Whats driving growth

Strategic revival in fashion jewellery, corporate governance improvements, and strengthened management

Our future plans

Enhance operational efficiency, explore new fashion jewellery market opportunities

Our green promise

-

Our people and values

Focus on transparent governance and ethical conduct

Key challenges ahead

Overcoming losses, establishing stable revenue streams in competitive jewellery market

Interesting facts

Company transformed from chemical manufacturing to fashion jewellery after over two decades

Risks and strategy

Risk from market competition and financial losses; strategy involves restructuring and new leadership investment