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Industrials · Aerospace & Defense

Mishra Dhatu Nigam Ltd (MIDHANI)

₹360.75

Mkt cap
₹7,091 Cr
P/E ratio
52.80
P/B
4.42
Div yield
0.22%
ROE
8.88%
ROCE
11.40%
EPS (TTM)
₹6.83
Book value
₹82
52W range
267–482
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
TechnicalsNeutral
52-week range
−25.22% from high
₹361
₹267+35.29% from low₹482
Current
₹360.75
Prev close
₹378.50
Day
−4.69%
Price performance
1D
−4.44%
1W
+0.01%
1M
−13.70%
3M
−7.04%
6M
−9.30%
1Y
−4.80%
YTD
+1.58%

Financials

Revenue, profit & margin
P/E ratio
52.8×
MIDHANI is 30% below the sector median of 75.2×
MIDHANI52.8×
Sector median75.2×
 Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Trend
Sales188227252406163262238411170210276553239
Expenses146191216325140213186317136177221437203
Operating Profit423636802349529334335511637
OPM %22%16%14%20%14%19%22%23%20%16%20%21%15%
Other Income886889787981410
Interest9998787766676
Depreciation14141415151616161617171717
Profit before tax27211965934367719193910724
Tax %31%33%34%28%43%31%30%27%33%33%30%27%32%
Net Profit1914124652425561313277816
EPS in Rs0.990.740.672.480.271.261.353.000.680.681.474.150.87
Raw PDF

Earnings

Results dates & reactions
No 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
Broadcast12 Aug '26
Earnings day−4.51%
+1 day+4.00%
+5 days+0.09%
+15 days−3.12%
+30 days−4.87%
FilingXBRL

Corporate actions

Last 6 months

No recent corporate actions

Dividends, splits, and bonuses in the last six months show up here.

Results analysis

Shareholding

as of Sep 2026
74.00%Promoter
Promoters74.00%
FIIs2.09%0.48
DIIs7.29%0.08
Public16.61%0.55
Ownership trend

Peers

8 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Hind.Aeronautics₹4,869.9034.943,25,6870.92%1,590+14.88%5,515+14.45%31.97%
Bharat Electron₹370.0044.002,70,4620.68%1,055+8.70%5,547+24.94%36.44%
Bharat Dynamics₹1,011.0071.1637,0590.48%119+547.36%572+130.81%13.86%
Data Pattern₹4,021.5083.3022,5140.25%22−13.49%116+16.81%21.92%
Garden Reach Sh.₹1,923.2027.5222,0311.02%173+43.82%1,815+38.53%42.82%
Sigma Advanced System₹921.10105.2017,4940.00%35−81.87%374+7,083.88%11.74%
Apollo Micro Sys₹421.55112.9915,6650.06%46+55.67%388+72.31%14.53%
Mishra Dhatu Nig₹378.5052.807,0910.22%16+27.42%239+40.46%11.36%
Median: 34 Co.₹898.3575.165,6290.04%10+11.79%120+36.50%14.20%

Filings

Annual reports15
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022Annual Report 2021Annual Report 2020Annual Report 2019Annual Report 2018Annual Report 2017Annual Report 2016Annual Report 2015Annual Report 2014Annual Report 2013Annual Report 2012
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
Rating update 30 JancrisilRating update 10 Sep 2025crisilRating update 21 May 2025crisilRating update 4 Feb 2025crisilRating update 28 Feb 2024crisilRating update 31 Mar 2023crisil
Announcements5
Announcement under Regulation 30 (LODR)-Press Release / Media Release 27 Oct - MIDHANI signed an MoU with HWB and BARC on 27 October 2026 for nickel and cobalt recovery.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Oct - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.Announcement under Regulation 30 (LODR)-Change in Management 1 Oct - Mr. Venkateshwar Rathod, General Manager (Engineering Services), retired from MIDHANI effective October 1, 2026.Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 30 SepShareholder Meeting / Postal Ballot-Outcome of AGM 30 Sep