WEBSITE BSE:541195 NSE: MIDHANI Inc. Year: 1973 Industry: Steel & Iron Products
Last updated: 15:58
Mishra Dhatu Nigam Ltd is an primarily India-based enterprise, which is engaged in development, manufacture and delivery of essential alloys and merchandise. The Company's products include Titanium and Titanium Alloys; Electrical and Electronic Alloys; Super alloys; Special Steel; Other Products; and Special Products. Super alloys encompass Nickel Base (Superni), Cobal Base (Superco) and Iron Base (Superfer). Super alloys have software in industries, consisting of aeronautics, space, nuclear, chemical, petrochemical, power generation and furnac...Read More
Mishra Dhatu Nigam Ltd is an primarily India-based enterprise, which is engaged in development, manufacture and delivery of essential alloys and merchandise. The Company's products include Titanium and Titanium Alloys; Electrical and Electronic Alloys; Super alloys; Special Steel; Other Products; and Special Products. Super alloys encompass Nickel Base (Superni), Cobal Base (Superco) and Iron Base (Superfer). Super alloys have software in industries, consisting of aeronautics, space, nuclear, chemical, petrochemical, power generation and furnace. Titanium and Titanium Alloys consist of Pure Titanium. Special Steel consists of Martensitic Steels, Austennitic Steels and Percipitation Hardening Steels. Its other products consist of Molybdenum, Weld Consumables, Magnesium Alloys, Titanium Tubes, Fastners, Ttianium Castings and Columbium Alloy. Its Special merchandise consist of Biomedical implants, Armour Products and Powder Metallurgy Product. The Company also offers testing, assessment and consultancy offerings. ...Read Less
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Market Cap ₹7078 Cr.
Stock P/E 63.9
P/B 4.9
Current Price ₹377.8
Book Value ₹ 77
Face Value 10
52W High ₹468.4
Dividend Yield 0.2%
52W Low ₹ 217.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 188 | 227 | 252 | 405 | 163 | 262 | 238 | 411 | 170 | 210 |
| Other Income | 8 | 8 | 6 | 8 | 8 | 9 | 7 | 8 | 7 | 9 |
| Total Income | 196 | 235 | 258 | 414 | 171 | 271 | 245 | 418 | 178 | 219 |
| Total Expenditure | 146 | 191 | 216 | 325 | 140 | 213 | 186 | 317 | 136 | 177 |
| Operating Profit | 50 | 44 | 42 | 89 | 31 | 57 | 59 | 101 | 41 | 42 |
| Interest | 9 | 9 | 9 | 8 | 7 | 8 | 7 | 7 | 6 | 6 |
| Depreciation | 14 | 14 | 14 | 15 | 15 | 16 | 16 | 16 | 16 | 17 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 27 | 21 | 19 | 65 | 9 | 34 | 36 | 77 | 19 | 19 |
| Provision for Tax | 8 | 7 | 6 | 18 | 4 | 10 | 11 | 21 | 6 | 6 |
| Profit After Tax | 19 | 14 | 12 | 46 | 5 | 24 | 25 | 56 | 13 | 13 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 19 | 14 | 13 | 46 | 5 | 24 | 26 | 56 | 13 | 13 |
| Adjusted Earnings Per Share | 1 | 0.7 | 0.7 | 2.5 | 0.3 | 1.3 | 1.4 | 3 | 0.7 | 0.7 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 711 | 713 | 813 | 859 | 872 | 1073 | 1074 | 1029 |
| Other Income | 37 | 36 | 20 | 31 | 38 | 30 | 31 | 31 |
| Total Income | 748 | 749 | 833 | 891 | 910 | 1103 | 1105 | 1060 |
| Total Expenditure | 526 | 514 | 567 | 596 | 613 | 878 | 855 | 816 |
| Operating Profit | 221 | 235 | 266 | 295 | 296 | 225 | 250 | 243 |
| Interest | 7 | 7 | 13 | 23 | 27 | 35 | 30 | 26 |
| Depreciation | 23 | 26 | 27 | 33 | 53 | 59 | 63 | 65 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 191 | 200 | 226 | 239 | 217 | 131 | 157 | 151 |
| Provision for Tax | 60 | 42 | 60 | 63 | 61 | 40 | 46 | 44 |
| Profit After Tax | 131 | 158 | 166 | 177 | 156 | 92 | 111 | 107 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 131 | 158 | 166 | 177 | 156 | 92 | 111 | 108 |
| Adjusted Earnings Per Share | 7 | 8.4 | 8.9 | 9.4 | 8.3 | 4.9 | 5.9 | 5.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 8% | 9% | 0% |
| Operating Profit CAGR | 11% | -5% | 1% | 0% |
| PAT CAGR | 21% | -14% | -7% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 26% | 23% | 15% | NA% |
| ROE Average | 8% | 9% | 12% | 13% |
| ROCE Average | 11% | 12% | 15% | 17% |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 835 | 957 | 1071 | 1190 | 1285 | 1319 | 1415 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1 | 0 | 0 | 28 | 67 | 59 | 39 |
| Other Non-Current Liabilities | 456 | 743 | 745 | 760 | 709 | 752 | 775 |
| Total Current Liabilities | 534 | 697 | 643 | 802 | 801 | 775 | 686 |
| Total Liabilities | 1825 | 2396 | 2459 | 2779 | 2863 | 2905 | 2915 |
| Fixed Assets | 425 | 441 | 429 | 938 | 1016 | 1032 | 1074 |
| Other Non-Current Assets | 234 | 441 | 579 | 163 | 104 | 107 | 54 |
| Total Current Assets | 1166 | 1514 | 1451 | 1678 | 1744 | 1767 | 1787 |
| Total Assets | 1825 | 2396 | 2459 | 2779 | 2863 | 2905 | 2915 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 14 | 10 | 34 | 10 | 14 | 16 |
| Cash Flow from Operating Activities | 296 | 204 | 176 | 5 | -35 | 216 | 217 |
| Cash Flow from Investing Activities | -205 | -195 | -115 | -68 | -3 | -65 | -96 |
| Cash Flow from Financing Activities | -78 | -13 | -37 | 39 | 43 | -148 | -126 |
| Net Cash Inflow / Outflow | 13 | -4 | 24 | -24 | 4 | 2 | -6 |
| Closing Cash & Cash Equivalent | 14 | 10 | 34 | 10 | 14 | 16 | 11 |
| # | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 6.97 | 8.44 | 8.88 | 9.43 | 8.34 | 4.9 | 5.92 |
| CEPS(Rs) | 8.21 | 9.83 | 10.32 | 11.19 | 11.17 | 8.02 | 9.3 |
| DPS(Rs) | 2.19 | 2.56 | 2.78 | 3.1 | 3.35 | 1.41 | 0.75 |
| Book NAV/Share(Rs) | 44.56 | 51.07 | 57.18 | 63.5 | 68.61 | 70.42 | 75.53 |
| Core EBITDA Margin(%) | 25.96 | 27.92 | 30.24 | 30.6 | 29.67 | 18.18 | 20.39 |
| EBIT Margin(%) | 27.89 | 29.14 | 29.38 | 30.44 | 27.97 | 15.56 | 17.43 |
| Pre Tax Margin(%) | 26.88 | 28.12 | 27.82 | 27.82 | 24.88 | 12.26 | 14.6 |
| PAT Margin (%) | 18.37 | 22.18 | 20.46 | 20.52 | 17.92 | 8.56 | 10.32 |
| Cash Profit Margin (%) | 21.63 | 25.84 | 23.78 | 24.36 | 24 | 14.01 | 16.23 |
| ROA(%) | 7.16 | 7.49 | 6.85 | 6.74 | 5.54 | 3.18 | 3.81 |
| ROE(%) | 15.64 | 17.65 | 16.41 | 15.63 | 12.63 | 7.05 | 8.11 |
| ROCE(%) | 21.06 | 20.45 | 20.58 | 19.49 | 15.58 | 10.07 | 11.37 |
| Receivable days | 180.87 | 166.31 | 153.39 | 146.84 | 130.21 | 108.68 | 124.6 |
| Inventory Days | 261.27 | 363.36 | 384.05 | 401.3 | 484.82 | 431.22 | 440.18 |
| Payable days | 248.27 | 393.37 | 184.92 | 250.07 | 360.47 | 108.14 | 90.36 |
| PER(x) | 20.24 | 21.19 | 19.89 | 17.54 | 22.11 | 80.38 | 46.06 |
| Price/Book(x) | 3.17 | 3.5 | 3.09 | 2.6 | 2.69 | 5.59 | 3.61 |
| Dividend Yield(%) | 1.55 | 1.43 | 1.57 | 1.87 | 1.82 | 0.36 | 0.28 |
| EV/Net Sales(x) | 3.59 | 4.73 | 4.15 | 3.84 | 4.39 | 7.16 | 4.92 |
| EV/Core EBITDA(x) | 11.52 | 14.32 | 12.71 | 11.21 | 12.91 | 34.16 | 21.16 |
| Net Sales Growth(%) | 0 | 0.29 | 14.08 | 5.69 | 1.45 | 23.02 | 0.13 |
| EBIT Growth(%) | 0 | 4.79 | 15.01 | 9.66 | -6.93 | -31.54 | 12.16 |
| PAT Growth(%) | 0 | 21.1 | 5.26 | 6.13 | -11.52 | -41.27 | 20.76 |
| EPS Growth(%) | 0 | 21.1 | 5.26 | 6.12 | -11.52 | -41.27 | 20.76 |
| Debt/Equity(x) | 0.13 | 0.14 | 0.15 | 0.22 | 0.3 | 0.25 | 0.17 |
| Current Ratio(x) | 2.19 | 2.17 | 2.26 | 2.09 | 2.18 | 2.28 | 2.61 |
| Quick Ratio(x) | 1.23 | 0.87 | 1.01 | 0.73 | 0.65 | 0.59 | 0.74 |
| Interest Cover(x) | 27.55 | 28.52 | 18.83 | 11.61 | 9.06 | 4.71 | 6.15 |
| Total Debt/Mcap(x) | 0.04 | 0.04 | 0.05 | 0.09 | 0.11 | 0.04 | 0.05 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 |
| FII | 1.18 | 0.95 | 1.08 | 1.27 | 1.42 | 1.26 | 1.65 | 1.34 | 1.37 | 1.25 |
| DII | 12.48 | 11.84 | 11.03 | 9.33 | 8.45 | 8.49 | 8.79 | 8.98 | 8.83 | 7.92 |
| Public | 12.34 | 13.21 | 13.89 | 15.4 | 16.13 | 16.25 | 15.56 | 15.68 | 15.8 | 16.82 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 13.86 | 13.86 | 13.86 | 13.86 | 13.86 | 13.86 | 13.86 | 13.86 | 13.86 | 13.86 |
| FII | 0.22 | 0.18 | 0.2 | 0.24 | 0.27 | 0.24 | 0.31 | 0.25 | 0.26 | 0.23 |
| DII | 2.34 | 2.22 | 2.07 | 1.75 | 1.58 | 1.59 | 1.65 | 1.68 | 1.65 | 1.48 |
| Public | 2.31 | 2.47 | 2.6 | 2.89 | 3.02 | 3.05 | 2.92 | 2.94 | 2.96 | 3.15 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 | 18.73 |
* The pros and cons are machine generated.
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