NSE: MIDHANI · BSE: 541195 · ISIN INE099Z01011
Mishra Dhatu Nigam Limited stock analysis
Mishra Dhatu Nigam Limited ranks #1684 in the TickerSutra evidence-ranked universe with a score of 51/100 and 95% data confidence. The latest captured fundamentals show ROCE of 11.3%, quarterly sales growth of 40.5% and quarterly profit growth of 27.4%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.27×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹859cr | ₹263cr | ₹176cr | 31.0% |
| 2023 | ₹872cr | ₹259cr | ₹156cr | 30.0% |
| 2024 | ₹1,073cr | ₹195cr | ₹91cr | 18.0% |
| 2025 | ₹1,074cr | ₹219cr | ₹110cr | 20.0% |
| 2026 | ₹1,209cr | ₹238cr | ₹131cr | 20.0% |
| TTM | ₹1,278cr | ₹240cr | ₹134cr | 19.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Investor Meet scheduled on Sept 28, 2026
RoutineTrading WindowNSE · 22 Sept 2026Mishra Dhatu Nigam Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineMishra Dhatu Nigam Ltd - 541195 - Announcement under Regulation 30 (LODR)-Newspaper PublicationBSE · 22 Sept 2026Copy of Newspaper advertisement
RoutineCopy of Newspaper PublicationNSE · 22 Sept 2026Mishra Dhatu Nigam Limited has informed the Exchange about Copy of Newspaper Publication
RoutineNotice Of Shareholders Meetings-XBRLNSE · 22 Sept 2026 · Structured filingMishra Dhatu Nigam Limited has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 30-Sep-2026
Mishra Dhatu Nigam Limited has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 30-Sep-2026
Open original XBRL sourceMANAGEMENT COMMENTARY
Signals from filed documents
Crude Steel Production India’s crude steel production increased to 168.4 million tonnes (MT) during FY 2025-26 from 152.2 MT in FY 2024-25, registering a growth of approximately 10.7% over the previous year. The increase in production was supported by capacity expansion, improved utilisation levels, and continued demand from key user industries. The growth in crude steel production is in line with the objectives of t
Economies Middle East & Central Asia Key Risks and Uncertainties Notwithstanding the economy's demonstrated resilience, the global risk landscape remains layered with structural, geopolitical, and policy driven variables that carry the potential to unsettle the pace or sustainability of growth across interconnected economies: • T rade Policy Volatility: The ongoing restructuring of global supply networks, coupled wit
Strong Order Book • Or der book of ₹2,594 crores as on 1 st April, 2026 130 Mishra Dhatu Nigam Limited Weakness Opportunities Threats High Working Capital • 3–5 months of r aw-material inventory; long production cycles and PSU customer payment timelines inflate working capital days. Customer Concentration • Re venue largely dependent on Government sectors/ orders; any programme delay or budget revision directly impac
Mastery of extreme metallurgy Securing Critical Raw Materials Demand Our capabilities extend to landmark national projects beyond our traditional segments — including the supply of armour-grade steel for the Presidential Dais and, most notably, becoming the first organisation in India to deliver Titanium for an architectural application, with 31 Titanium windows supplied to the Shri Ram Janmabhoomi Mandir, Ayodhya. A
This accreditation strengthens MIDHANI’s integration into the global aerospace supply chain by enabling original equipment manufacturers worldwide to procure directly from us. We are also the first company in India to receive Independent and International Metallic Material Laboratory (S400) approval from GE Aerospace for a broad range of chemical, mechanical, and metallographic testing. This approval enables MIDHANI
Once this modernization projects are fully implemented, what level of the yield improvement do we expect? And how much EBITDA margin expansion could be because of these initiatives? Just wanted to understand on the top line growth and the EBITDA margin expansion because of the replacing your machines with the advanced automated machines.
Narayana Murty Chairman & Managing Director Strong corporate governance remains fundamental to the way we conduct our business and create sustainable value. Our Board and Senior Management adhere to our Code of Conduct and we are committed to the highest standards of integrity, transparency, accountability, and regulatory compliance, supported by effective Board oversight, robust internal controls, disciplined risk m
Geopolitical Raw Material Risk • Titanium sponge sour ced from Eastern Europe (Russia-Ukraine region); cobalt supply dominated by DRC/China — geopolitical disruption could spike costs or cause shortages. Global Competition • A TI, Carpenter Technology, VSMPO-AVISMA and Haynes International have established OEM approvals and larger scale; gaining export market share will be challenging. The rating is subject to evalua
Since the Board level appointments are made by the President of India, the evaluation of performance of such appointees is also done by the Government of India. Other Affirmations During the year under review, your Company has not raised any funds through preferential allotment or qualified institutional placement, as specified under Regulation 32 (7A) of the SEBI Listing Regulations. During the year under review, al
Downstream processing is carried out on 1,500-tonne and 6,000-tonne hydraulic forge presses (with isothermal attachment on the 6,000T press), a 330/220T radial-axial ring rolling mill, a 1,250T extrusion press, hot and cold rolling mills, bar and wire drawing equipment, wide plate rolling mills, thread rolling and fillet rolling machines (fasteners), and comprehensive NDT infrastructure. Unit 2 — Rohtak, Haryana (Arm
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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