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Mishra Dhatu Nigam Ltd.

Mishra Dhatu Nigam Ltd.

362.50
INR
-19.25
(-5.04%)
7.21EPS
58.34P/E
78.78BMarket Cap
Nov 14Next Earn
Mishra Dhatu Nigam Ltd.
BSE:MIDHANI
(Bombay Stock Exchange)

Recent

price

362.50

P/E

ratio

58.34

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
29.54
29.36
34.3
38.06
41.34
35.11
37.54
37.84
42.94
44.68
45.37
55.04
56.2
63.1
66.28
Revenue per Share
4.4
4.4
5.29
6.37
6.74
7.01
6.97
8.44
8.88
9.43
8.34
4.9
5.92
7.02
7.21
Basic EPS, GAAP
3.43
-1.97
0.85
9.92
1.99
-4.02
4.39
-3.59
0.89
-4.56
-5.78
7.28
7.97
5.62
- -
Free Cash Flow per Basic Share
2.27
2.3
2.38
2.15
2.27
2.43
4.56
1.82
2.76
3.14
3.22
3.08
0.75
0.85
- -
Dividend per Share
21.71
23.76
28.83
33.08
37.6
42.12
44.56
51.07
57.18
63.5
68.61
70.42
75.53
81.78
- -
Book Value per Share
21.55
23.63
28.72
33
37.55
42.03
44.49
51.02
57.12
63.44
68.37
70.22
75.38
81.63
- -
Tangible Book Value per Share
187
187
187
187
187
187
187
187
187
187
187
187
187
187
187
Basic Weighted Avg Shares
5,534
5,501
6,426
7,130
7,744
6,577
7,032
7,088
8,043
8,370
8,499
10,312
10,528
11,820
12,409
Sales/Revenue/Turnover
18.3
18.73
18.92
19.76
22.3
27.06
23.84
24.75
27.76
28
25.83
14.53
16.18
15.87
13.95
Operating Margin (%)
52
62
98
141
177
196
232
261
270
330
530
586
635
664
669
Depreciation Expense
825
825
992
1,194
1,263
1,313
1,306
1,581
1,664
1,766
1,563
918
1,108
1,315
1,350
Net Income, GAAP
29.94
32.09
25.99
26.24
32.22
33.79
31.66
21.13
26.43
26.23
27.97
30.19
29.32
28.85
28.85
Effective Tax Rate (%)
14.91
14.99
15.43
16.74
16.31
19.96
18.57
22.3
20.69
21.1
18.39
8.9
10.53
11.12
10.88
Profit Margin (%)
5,567
4,447
3,978
4,788
4,786
4,405
6,322
8,174
8,085
8,762
9,426
9,919
11,010
12,743
- -
Working Capital
136
182
133
90
12
9
6
2
- -
1,075
1,487
1,401
1,197
993
- -
LT Debt
4,068
4,451
5,401
6,197
7,043
7,890
8,347
9,568
10,711
11,895
12,854
13,192
14,150
15,320
- -
Total Equity
- -
14.35
17.26
16.92
17.35
15.17
12.4
13.78
14.23
12.56
9.61
5.95
6.9
7.17
- -
Return on Invested Capital (%)
- -
17.26
18.97
19.88
19.06
17.04
14.8
16.02
15.09
13.73
10.52
6.58
7.49
8.06
- -
Return on Capital (%)
- -
19.36
20.13
20.59
19.08
17.58
16.08
17.65
16.41
15.63
12.63
7.05
8.11
8.92
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
3,075
- -
LT Borrowings
- -
191
- -
LT Finance Leases
- -
803
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
187
187
187
Market Capitalization
64,473
50,760
78,776

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
21,153
- -
Cash, Cash Equivalents & STI
- -
2,130
- -
Accounts Receivable, Net
- -
5,542
- -
Inventories
- -
13,326
- -
Total Current Liabilities
- -
8,410
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,075
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.53%
7.45%
8.27%
Free Cash Flow
-173.05%
-166.63%
-29.44%
Net Income, GAAP
2.83%
-1.46%
18.61%
Sales/Revenue/Turnover
5.6%
8.26%
12.28%
Total Cash Common Dividend
4.12%
-10.09%
13.26%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,561
2,564
2,342
4,061
10,528
2026
1,686
2,078
2,745
5,312
11,820
2027
2,275
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.28
1.27
1.36
3
5.92
2026
0.69
0.69
1.48
4.16
7.02
2027
0.88
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.75
2026
- -
- -
- -
- -
0.85
2027
- -
- -
- -
- -
- -
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Business
Mishra Dhatu Nigam Limited (MIDHANI) manufactures superalloys, titanium alloys, special purpose steels, soft magnetic alloys and other special metals for defence, space, energy and aeronautical applications; core products include nickel-base, iron-base and cobalt-base superalloys, varieties of titanium alloys, ultra high strength steels, armour grade plates, martensitic, austenitic and precipitation hardening steels, as well as finished forms such as ingots, billets, bars, plates, sheets, strips, wires, fasteners, forgings, rings, investment castings, open-die forgings and biomedical implants. Established in 1973 as a Government of India enterprise under the Ministry of Defence and headquartered in Hyderabad, Telangana, with manufacturing facilities in Hyderabad and an armour unit in Rohtak, Haryana, the company operates primarily in India while supplying import-substitute materials to strategic sectors and maintains a joint venture, Utkarsha Aluminium Dhatu Nigam Limited, with National Aluminium Company Limited for high-end aluminium alloy production in Nellore, Andhra Pradesh. In recent developments, MIDHANI secures significant orders including Rs 306 crore in October 2025 boosting its order book to Rs 2,212 crore and Rs 136 crore in September 2025 raising it to nearly Rs 2,000 crore, commences production at its Rohtak armour facility delivering bulletproof vehicles, develops advanced alloys such as Superni C-276, Titan 26M and aero-grade bearing steel, and reports order book visibility of Rs 1,832 crore as of April 2025 with expectations of higher naval and aerospace orders in FY26.