Mishra Dhatu Nig

Why is Mishra Dhatu Nigam Ltd falling/rising?

As of 22-Jul, Mishra Dhatu Nigam Ltd's stock price is at Rs 401.60, down 2.42%, and has underperformed its sector. Despite a strong debt servicing ability and increased institutional investment, the stock shows bearish sentiment and reduced trading activity.

As of 22-Jul, Mishra Dhatu Nigam Ltd's stock price is falling, currently at Rs 401.60, which reflects a decrease of Rs 9.95 or 2.42%. The stock has underperformed its sector by 1.17% today and has experienced a trend reversal after two consecutive days of gains. Additionally, the stock touched an intraday low of Rs 400.8, indicating a decline of 2.61% during the trading session.<BR><BR>Over the past week, the stock has decreased by 2.98%, and over the past month, it has fallen by 9.06%, while the benchmark Sensex has shown much smaller declines of 0.56% and 0.44%, respectively. This suggests that the stock's performance is weaker compared to the broader market. Furthermore, there has been a notable drop in investor participation, with delivery volume on 21 July falling by 28.38% compared to the five-day average, indicating reduced trading activity and interest in the stock.<BR><BR>Despite these negative trends, the company does exhibit some strengths, such as a low Debt to EBITDA ratio of 1.71 times, which suggests a strong ability to service debt. Additionally, institutional investors have increased their stake by 0.8% over the previous quarter, indicating some level of confidence in the company's fundamentals. However, the current price movement reflects a bearish sentiment among investors, contributing to the stock's decline.

Which are the latest news on Mishra Dhatu Nig?

What does Mishra Dhatu Nig do?

Mishra Dhatu Nigam Ltd is a Public Sector Undertaking that manufactures super alloys, titanium base alloys, and special stainless steel for the aerospace and defense industry. As of March 2026, it reported net sales of ₹553 Cr and a net profit of ₹78 Cr, with a market cap of ₹8,131 Cr.

Overview:<BR>Mishra Dhatu Nigam Ltd is a Public Sector Undertaking engaged in the manufacturing of Super Alloys, Titanium base Alloys, and Special Stainless Steel, operating within the Aerospace & Defense industry and categorized as a Small Cap company.<BR><BR>History:<BR>Mishra Dhatu Nigam Ltd was incorporated in 1973. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 553 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 78 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 8,131 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 62.00 <BR>Industry P/E: 26 <BR>Dividend Yield: 0.18% <BR>Debt-Equity: 0.14 <BR>Return on Equity: 8.58% <BR>Price-to-Book: 5.50 <BR><BR>Contact Details:<BR>Address: P O Kanchanbagh, Hyderabad Telangana: 500058 <BR>Tel: 91-40-24184000 <BR>Email: secretary@midhani.com <BR>Website: http://www.midhani.com

How big is Mishra Dhatu Nig?

As of 10th June, Mishra Dhatu Nigam Ltd has a market capitalization of 8,131.00 Cr, with recent net sales of 1,208.64 Cr and net profit of 131.47 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: Mishra Dhatu Nigam Ltd has a market capitalization of 8,131.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 1,208.64 Cr, while the sum of Net Profit for the same period is 131.47 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2025. Shareholder's Funds are valued at 1,414.97 Cr, and Total Assets amount to 2,914.65 Cr.

Who are in the management team of Mishra Dhatu Nig?

The management team of Mishra Dhatu Nig includes S K Jha (Chairman & Managing Director), Gowri Sankararao Naramsetti (Director of Finance & CFO), Paul Antony (Company Secretary), and several government nominees and independent directors. They oversee the company's operations and strategic direction.

The management team of Mishra Dhatu Nig includes the following members:<BR><BR>1. **S K Jha** - Chairman & Managing Director<BR>2. **Gowri Sankararao Naramsetti** - Director (Finance) & CFO<BR>3. **Paul Antony** - Company Secretary & Compliance Officer<BR>4. **Anurag Bajpai** - Nominee (Government)<BR>5. **Surendra Prasad Yadav** - Nominee (Government)<BR>6. **V Chakrapani** - Independent Director<BR>7. **V. T. Rema** - Independent Director<BR>8. **Thulasiraman Muthukumar** - Director (Production)<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

Who are the peers of the Mishra Dhatu Nig?

Mishra Dhatu Nig's peers include MTAR Technologie, Zen Technologies, Apollo Micro Sys, Astra Microwave, Swan Defence, Paras Defence, Unimech Aero., Avantel, and Ideaforge Tech. In terms of management risk, Mishra Dhatu Nig has a Good rating, with its 1-year return at -1.42%, while MTAR Technologie leads with a 288.58% return.

Peers: The peers of Mishra Dhatu Nig are MTAR Technologie, Zen Technologies, Apollo Micro Sys, Astra Microwave, Swan Defence, Paras Defence, Unimech Aero., Avantel, and Ideaforge Tech.<BR><BR>Quality Snapshot: Excellent management risk is observed at Zen Technologies and Astra Microwave, while Good management risk is found at Mishra Dhatu Nig. Average management risk is present at MTAR Technologie, Apollo Micro Sys, Unimech Aero., and Avantel, and the rest have Below Average management risk. Growth is Excellent at Zen Technologies and Apollo Micro Sys, Good at Astra Microwave, while Mishra Dhatu Nig has Below Average growth, and the rest have either Below Average or Average growth. Capital Structure is Excellent at Paras Defence, Unimech Aero., and Avantel, Good at Mishra Dhatu Nig and Astra Microwave, Average at Apollo Micro Sys, and the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is MTAR Technologie at 288.58%, while the lowest is Zen Technologies at -9.48%. Mishra Dhatu Nig's 1-year return is -1.42%, which is higher than Zen Technologies but lower than the rest. Additionally, Swan Defence is noted for having an exceptionally high six-month return of 969.29%, while no peers have a negative six-month return.

Should I buy, sell or hold Mishra Dhatu Nigam Ltd?

When is the next results date for Mishra Dhatu Nigam Ltd?

The next results date for Mishra Dhatu Nigam Ltd is 29 May 2026.

The next results date for Mishra Dhatu Nigam Ltd is scheduled for 29 May 2026.

Are Mishra Dhatu Nigam Ltd latest results good or bad?

Mishra Dhatu Nigam Ltd's latest Q3 FY26 results show strong revenue and profit growth, with a net profit of ₹27.64 crores and a 31.44% increase in revenue. However, concerns about declining operating margins and high valuation multiples suggest caution for future performance.

Mishra Dhatu Nigam Ltd (MIDHANI) has reported its latest results for Q3 FY26, which present a mixed picture. On the positive side, the company achieved a net profit of ₹27.64 crores, reflecting a remarkable 113.27% increase quarter-on-quarter. Additionally, revenue for the quarter reached ₹275.66 crores, marking a 31.44% sequential growth and a 15.84% increase year-on-year. This performance indicates improved order execution and a favorable product mix, which are encouraging signs for the company's operational capabilities.<BR><BR>However, there are notable concerns as well. The operating margin has contracted to 19.90%, down 250 basis points from the previous year, primarily due to rising employee costs and operational expenses. Furthermore, while the net profit shows growth, the year-on-year increase of 8.31% is modest compared to the previous year's substantial growth of 99.37%. <BR><BR>The company's valuation also raises questions, as it trades at a P/E ratio of 64 times, significantly higher than the industry average of 28 times. This elevated valuation, coupled with declining capital efficiency metrics like return on equity (ROE) and return on capital employed (ROCE), suggests that investors may need to be cautious.<BR><BR>In summary, while the latest results show strong revenue and profit growth, the contraction in margins and high valuation multiples indicate underlying challenges that could affect future performance. Overall, the results can be seen as good in terms of revenue and profit growth, but the concerns about sustainability and valuation make the outlook more complex.

Is Mishra Dhatu Nig technically bullish or bearish?

As of November 21, 2025, Mishra Dhatu Nig's technical trend is mildly bearish, supported by bearish indicators across weekly and monthly charts, despite a mildly bullish signal from daily moving averages.

As of 21 November 2025, the technical trend for Mishra Dhatu Nig has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by several indicators. The MACD is bearish on the weekly and mildly bearish on the monthly time frames, while Bollinger Bands and KST both indicate bearish conditions on both weekly and monthly charts. Dow Theory also supports a mildly bearish outlook for both weekly and monthly periods. Although the daily moving averages show a mildly bullish signal, the overall sentiment is tempered by the bearish indicators across longer time frames. The RSI shows no signals, indicating a lack of momentum in either direction. The stock has underperformed the Sensex over the past month and week, further supporting the bearish stance.

How has been the historical performance of Mishra Dhatu Nig?

Mishra Dhatu Nig has shown steady growth in net sales and total operating income, reaching 1,074.11 Cr in Mar'25, but has faced declines in operating profit, profit before tax, and profit after tax. While total assets increased, cash flow improved slightly, indicating a need for careful cash management.

Answer:<BR>The historical performance of Mishra Dhatu Nig shows a steady growth in net sales and total operating income over the years, with net sales reaching 1,074.11 Cr in Mar'25, slightly up from 1,072.68 Cr in Mar'24 and significantly higher than 871.95 Cr in Mar'23. The total operating income mirrored this trend, increasing to 1,074.11 Cr in Mar'25 from 1,072.68 Cr in Mar'24. However, the operating profit (PBDIT) has seen fluctuations, peaking at 295.29 Cr in Mar'23 before declining to 248.97 Cr in Mar'25. Profit before tax also experienced a decline from 216.55 Cr in Mar'23 to 156.04 Cr in Mar'25, while profit after tax decreased from 155.87 Cr in Mar'23 to 110.07 Cr in Mar'25. The earnings per share (EPS) followed a similar pattern, dropping to 5.92 in Mar'25 from 8.34 in Mar'23. On the balance sheet, total assets rose to 2,914.65 Cr in Mar'25, up from 2,905.43 Cr in Mar'24, with total liabilities also increasing slightly to 2,914.65 Cr. Cash flow from operating activities improved to 216.00 Cr in Mar'25 from 215.00 Cr in Mar'24, although the net cash outflow was recorded at -5.00 Cr in Mar'25.<BR><BR>Breakdown:<BR>Mishra Dhatu Nig has demonstrated consistent growth in net sales and total operating income, with figures reaching 1,074.11 Cr in Mar'25, reflecting a slight increase from the previous year. Despite this growth in revenue, the operating profit has fluctuated, peaking in Mar'23 and declining thereafter, indicating potential challenges in maintaining profit margins. Profit before tax and profit after tax have also seen declines, suggesting pressures on profitability. The company's total assets have increased, indicating a solid asset base, while total liabilities have remained stable. Cash flow from operating activities has shown improvement, although the overall cash position has slightly worsened, highlighting the need for careful cash management moving forward.

Who are the top shareholders of the Mishra Dhatu Nig?

The top shareholders of Mishra Dhatu Nig include The President of India with 74.0%, HDFC Trustee Company Ltd. with 4.48%, mutual funds with 7.06%, foreign institutional investors holding 1.65%, and individual investors owning 13.74%.

The top shareholders of Mishra Dhatu Nig include The President of India, who holds a significant 74.0% of the shares, making them the largest promoter. Additionally, HDFC Trustee Company Ltd., acting on behalf of the HDFC Balanced Advantage Fund, is the highest public shareholder with a stake of 4.48%. The company also has mutual funds holding shares through 10 different schemes, which collectively account for 7.06%, and foreign institutional investors (FIIs) hold 1.65% through 78 different entities. Individual investors collectively own 13.74% of the shares.

Is Mishra Dhatu Nig overvalued or undervalued?

As of March 29, 2023, Mishra Dhatu Nig is considered very expensive with a PE ratio of 71.88, significantly higher than industry peers, indicating overvaluation despite a recent 31.43% stock performance that outpaced the Sensex.

As of 29 March 2023, the valuation grade for Mishra Dhatu Nig has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently overvalued, with a PE ratio of 71.88, a Price to Book Value of 5.63, and an EV to EBITDA of 37.91. These ratios suggest that the stock is trading at a premium compared to its earnings and book value, raising concerns about its sustainability at these levels.<BR><BR>In comparison to its peers in the Aerospace & Defense industry, Mishra Dhatu Nig's valuation stands out as notably high; for instance, its PE ratio of 71.88 is substantially above the industry average. Other comparable companies in the sector are likely to show more reasonable valuations, further emphasizing the overvaluation of Mishra Dhatu Nig. While the stock has outperformed the Sensex over the past month with a return of 31.43% compared to the Sensex's 3.84%, this performance does not mitigate the concerns surrounding its high valuation metrics.

Has Mishra Dhatu Nig declared dividend?

Yes, Mishra Dhatu Nigam Ltd has declared a 7% dividend, amounting to ₹0.7 per share, with an ex-date of March 25, 2025. The company has demonstrated positive total returns across various periods, reflecting its commitment to shareholder value.

Mishra Dhatu Nigam Ltd has declared a 7% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 7%<BR>- Amount per share: 0.7<BR>- Ex-date: 25 Mar 25<BR><BR>Dividend Yield: 0.16%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 12.65%, the dividend return was 0.18%, resulting in a total return of 12.83%.<BR><BR>Over the past year, the price return was 4.67%, the dividend return was 0.16%, leading to a total return of 4.83%.<BR><BR>In the 2-year period, the price return reached 77.8%, with a dividend return of 1.30%, culminating in a total return of 79.1%.<BR><BR>For the 3-year period, the price return was 151.7%, the dividend return was 4.30%, which resulted in a total return of 156.0%.<BR><BR>In the last 4 years, the price return was 122.83%, the dividend return was 4.72%, giving a total return of 127.55%.<BR><BR>Finally, over the 5-year period, the price return was 112.24%, the dividend return was 5.84%, leading to a total return of 118.08%.<BR><BR>Overall, Mishra Dhatu Nigam Ltd has shown a consistent performance with positive total returns across all periods, alongside a declared dividend, indicating a commitment to returning value to shareholders.