Mishra Dhatu Nigam Ltd (MIDHANI)
₹419.90
Mkt cap
₹7,846 Cr
P/E ratio
58.40
P/B
5.14
Div yield
0.20%
ROE
8.88%
ROCE
11.30%
EPS (TTM)
₹7.19
Book value
₹82
52W range
270–450
Sector
Industrials
Price history
Previous close
Mishra Dhatu Nigam Ltd (MIDHANI) manufactures superalloys, titanium, special purpose steel and other special metals. [1] It was incorporated in 1973 at Hyderabad as a Government of India Enterprise under the Ministry of Defence. [2] GoI still owns ~74% stake in the company after its IPO in 2018. [3]
NSE MIDHANIBSE 541195
Health check
Constructive
ValuationCheap
ProfitabilityAverage
GrowthModerate
TechnicalsBullish
52-week range
−6.76% from high₹420
₹270+55.26% from low₹450
Current
₹419.90
Prev close
₹418.80
Day
+0.26%
Price performance
1D
+0.29%
1W
+1.41%
1M
−3.48%
3M
−6.74%
6M
+24.67%
1Y
+11.49%
YTD
+18.23%
Financials
Revenue, profit & margin
P/E ratio
58.4×
MIDHANI is 30% below the sector median of 82.9×
MIDHANI58.4×
Sector median82.9×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 188 | 227 | 252 | 406 | 163 | 262 | 238 | 411 | 170 | 210 | 276 | 553 | 239 | |
| Expenses | 146 | 191 | 216 | 325 | 140 | 213 | 186 | 317 | 136 | 177 | 221 | 437 | 203 | |
| Operating Profit | 42 | 36 | 36 | 80 | 23 | 49 | 52 | 93 | 34 | 33 | 55 | 116 | 37 | |
| OPM % | 22% | 16% | 14% | 20% | 14% | 19% | 22% | 23% | 20% | 16% | 20% | 21% | 15% | |
| Other Income | 8 | 8 | 6 | 8 | 8 | 9 | 7 | 8 | 7 | 9 | 8 | 14 | 10 | |
| Interest | 9 | 9 | 9 | 8 | 7 | 8 | 7 | 7 | 6 | 6 | 6 | 7 | 6 | |
| Depreciation | 14 | 14 | 14 | 15 | 15 | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 | |
| Profit before tax | 27 | 21 | 19 | 65 | 9 | 34 | 36 | 77 | 19 | 19 | 39 | 107 | 24 | |
| Tax % | 31% | 33% | 34% | 28% | 43% | 31% | 30% | 27% | 33% | 33% | 30% | 27% | 32% | |
| Net Profit | 19 | 14 | 12 | 46 | 5 | 24 | 25 | 56 | 13 | 13 | 27 | 78 | 16 | |
| EPS in Rs | 0.99 | 0.74 | 0.67 | 2.48 | 0.27 | 1.26 | 1.35 | 3.00 | 0.68 | 0.68 | 1.47 | 4.15 | 0.87 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −4.51% · closed higher next day 1 of last 1
| Q1FY27 | |
|---|---|
| Broadcast | 12 Aug '26 |
| Earnings day | −4.51% |
| +1 day | +4.00% |
| +5 days | +0.09% |
| +15 days | −3.12% |
| +30 days | — |
| Filing | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Jun 202674.00%Promoter
Promoters74.00%
FIIs2.57%1.25
DIIs7.37%0.44
Public16.06%0.79
Ownership trend
Peers
8 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| HAL | ₹4,856.00 | 34.84 | 3,24,757 | 0.93% | 1,590 | +14.88% | 5,515 | +14.45% | 31.97% |
| BEL | ₹405.35 | 48.21 | 2,96,302 | 0.62% | 1,055 | +8.70% | 5,547 | +24.94% | 36.44% |
| BDL | ₹1,255.00 | 88.34 | 46,004 | 0.39% | 119 | +547.36% | 572 | +130.81% | 13.84% |
| GRSE | ₹2,533.20 | 36.25 | 29,018 | 0.51% | 173 | +43.82% | 1,815 | +38.53% | 42.96% |
| DATAPATTNS | ₹4,585.00 | 94.98 | 25,669 | 0.22% | 22 | −13.49% | 116 | +16.81% | 21.92% |
| ASTRAMICRO | ₹1,729.00 | 86.84 | 16,416 | 0.14% | 12 | −24.09% | 177 | −11.55% | 20.28% |
| ZENTEC | ₹1,801.40 | 89.52 | 16,265 | 0.06% | 32 | −23.20% | 142 | −10.48% | 16.18% |
| MIDHANI | ₹418.80 | 58.42 | 7,846 | 0.20% | 16 | +27.42% | 239 | +40.46% | 11.30% |
| Median: 33 Co. | ₹856.95 | 82.85 | 4,337 | 0.06% | 12 | +14.88% | 112 | +34.48% | 14.47% |
Filings
Annual reports15
Annual Report 2025bseAnnual Report 2024bseAnnual Report 2023bseAnnual Report 2022bseAnnual Report 2021bseAnnual Report 2020bseAnnual Report 2019bseAnnual Report 2018bseAnnual Report 2017bseAnnual Report 2016bseAnnual Report 2015bseAnnual Report 2014bseAnnual Report 2013bseAnnual Report 2012bseAnnual Report 2011bse
Concall transcripts27
TranscriptAug 2026RECAug 2026TranscriptJun 2026RECJun 2026TranscriptFeb 2026TranscriptNov 2025RECNov 2025TranscriptAug 2025TranscriptJun 2025RECJun 2025TranscriptFeb 2025RECFeb 2025TranscriptNov 2024RECNov 2024TranscriptAug 2024TranscriptJun 2024TranscriptMar 2024TranscriptNov 2023TranscriptAug 2023TranscriptJun 2023TranscriptFeb 2023TranscriptNov 2022TranscriptAug 2022TranscriptJun 2022
Credit ratings6
Announcements5
As per Regulation 30 SEBI LODR, BSE And NSE On August 25, 2026 Imposed A Fine On MIDHANI. 26 Aug - BSE and NSE levied Rs. 12.59 lakh each fine on August 25, 2026 for Q1 FY27 noncompliance.Announcement under Regulation 30 (LODR)-Earnings Call Transcript 22 Aug - Transcript of Investor Conference call held on August 17, 2026 for Q1- MIDHANIAnnouncement under Regulation 30 (LODR)-Change in Management 21 Aug - MoD appoints A. Pugazhenthi and Sameer Mundra as MIDHANI independent directors for three years from August 21, 2026.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 17 Aug - Audio recording of Q1 FY27 analyst/investor conference call held on August 17, 2026 is available.Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Aug - MIDHANI becomes first Indian company to secure GE Aerospace S400 approval for metallic material testing.