Mishra Dhatu Nigam
Mishra Dhatu Nigam Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Mishra Dhatu Nigam Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Mishra Dhatu Nigam Ltd trades at a P/E of 61.32× and P/B of 5.61×.
Valuation
Profitability
Growth
Financial Health
Mishra Dhatu Nigam Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Mishra Dhatu Nigam Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Mishra Dhatu Nigam Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Mishra Dhatu Nigam Ltd, switchable between annual and quarterly views, consolidated or standalone.
Mishra Dhatu Nigam Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹8,201.74 Cr and reported EPS of ₹7.03.
| Period | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 713 | 813 | 859 | 872 | 1,073 | 1,074 | 1,209 |
| Other Income | 36 | 20 | 31 | 38 | 30 | 31 | 38 |
| Total Income | 749 | 833 | 891 | 910 | 1,103 | 1,105 | 1,247 |
| Cost of Goods Sold (COGS) | 119 | 212 | 191 | 163 | 449 | 431 | 520 |
| Gross Profit | 594 | 602 | 669 | 709 | 624 | 643 | 688 |
| +Operating Expenses | 396 | 356 | 406 | 452 | 430 | 425 | 451 |
| EBITDA | 198 | 245 | 262 | 258 | 194 | 218 | 238 |
| +Non-Operating Expenses | 32 | 39 | 54 | 79 | 93 | 93 | 91 |
| Profit Before Tax (PBT) | 202 | 226 | 239 | 217 | 131 | 156 | 184 |
| +Tax Expense | 42 | 60 | 63 | 61 | 40 | 46 | 53 |
| Profit After Tax (PAT) | 158 | 166 | 177 | 156 | 92 | 111 | 131 |
| Earnings Per Share (EPS) | 8.44 | 8.88 | 9.43 | 8.34 | 4.88 | 5.92 | 7.02 |
| Diluted Shares Outstanding (Nos.) | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| +Additional Disclosures | 663 | 818 | 843 | 856 | 1,420 | 1,379 | 1,585 |
| Sales Growth % | — | 14.08 | 5.69 | 1.45 | 23.02 | 0.13 | 12.52 |
| YoY Sales Growth % | — | 14.08 | 5.69 | 1.45 | 23.02 | 0.13 | 12.52 |
| Material Cost % | 53 | 21 | 37 | 45 | 49 | 39 | 42 |
| Employee Cost % | 17 | 15 | 14 | 14 | 12 | 13 | 12 |
| Other Cost % | 38 | 29 | 33 | 37 | 28 | 26 | 25 |
| OPM % | 28 | 30 | 31 | 30 | 18 | 20 | 20 |
| Tax % | 21 | 26 | 26 | 28 | 30 | 29 | 29 |
| Profit Growth % | — | 5.26 | 6.13 | -11.52 | -41.27 | 20.76 | 18.61 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 172 | 218 | 229 | 204 | 136 | 155 | 171 |
Mishra Dhatu Nigam segment analysis: revenue and profit mix.
Disclosed business segments at Mishra Dhatu Nigam with their share of revenue and profit, switchable between consolidated and standalone reporting.
Mishra Dhatu Nigam discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Mishra Dhatu Nigam Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Mishra Dhatu Nigam Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Mishra Dhatu Nigam Ltd's investment case rests on 9 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
Mishra Dhatu Nigam Ltd (MIDHANI) boasts a robust promoter holding of 74%, signaling strong confidence in its long-term prospects and operational stability. This high ownership stake minimizes risks from hostile takeovers, reassuring investors.
The company demonstrates impressive quarterly profit growth, with a significant 145% variation, indicating strong recent operational performance and potential for sustained earnings momentum. This highlights effective cost management and demand.
MIDHANI maintains a very healthy financial structure with a low debt-to-equity ratio of 0.25, suggesting prudent financial management and reduced financial risk. This provides flexibility for future investments and growth.
A strong operating profit margin (OPM) of 21.20% reflects efficient cost control and robust pricing power within its specialized industry. This indicates solid core business profitability and operational effectiveness.
Operating in the strategically vital Aerospace & Defense sector provides MIDHANI with inherent resilience and long-term growth opportunities. This positioning offers stability against economic fluctuations and consistent demand.
What can break it.
MIDHANI's high P/E ratio of 61.00, significantly above some peers like HAL (37.83), suggests potential overvaluation. This valuation demands strong future growth to justify current stock price levels.
The company exhibits relatively modest returns on equity (ROE) of 8.10% and capital employed (ROCE) of 10.60%, which are lower than several industry peers, indicating less efficient capital utilization.
Quarterly net profits show considerable volatility, with recent figures fluctuating from 5 Cr to 56 Cr, indicating inconsistency in earnings performance. This poses a risk for investors seeking stable and predictable returns.
Despite a low debt-to-equity ratio, the absolute debt of ₹350 crore could still impact financial flexibility, especially if interest rates rise or operational cash flows tighten. This warrants careful monitoring.
The stock has shown recent price volatility, with daily changes up to 1.93% and down to -0.75% over the last five days, reflecting market uncertainty. This short-term fluctuation could expose investors to higher risks.
What would change my mind.
Trim if P/E re-rates above 80. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 27.06. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Mishra Dhatu Nigam Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Mishra Dhatu Nigam Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Mishra Dhatu Nigam Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Mishra Dhatu Nigam Ltd — derived from the live tape, not yesterday's close.
Mishra Dhatu Nigam Ltd last traded at ₹437 with an intraday range of ₹429.85–₹443.95 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹437.00| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 472.22 | +35.22 | +8.06% |
| R3 | 458.12 | +21.12 | +4.83% |
| R2 | 451.03 | +14.03 | +3.21% |
| R1 | 444.02 | +7.02 | +1.61% |
| PIVOT | 436.93 | -0.07 | -0.02% |
| CURRENT | 437.00 | — | — |
| S1 | 401.72 | -35.28 | -8.07% |
| S2 | 415.82 | -21.18 | -4.85% |
| S3 | 422.83 | -14.17 | -3.24% |
| S4 | 429.92 | -7.08 | -1.62% |
MIDHANI is trading Above CPR, indicating Bullishness
CPR is Narrower, suggesting likely for trending moves
Day's range: 429.85 ~ 435.4
Trading Inside opening range
Mishra Dhatu Nigam Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Mishra Dhatu Nigam Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Mishra Dhatu Nigam Ltd stood at 35.2% of traded volume, against a 20-day average of 35.3%.
Mishra Dhatu Nigam announcements: results, concalls, ratings, M&A.
Filings Mishra Dhatu Nigam sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Mishra Dhatu Nigam files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 98 documents below.
General Updates
Mishra Dhatu Nigam Limited has informed the Exchange about General Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Mishra Dhatu Nigam Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
Mishra Dhatu Nigam Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
Mishra Dhatu Nigam Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
Mishra Dhatu Nigam Limited has informed the Exchange about Link of Recording
Mishra Dhatu Nigam dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Mishra Dhatu Nigam has declared, sequenced by announce and record date.
Mishra Dhatu Nigam corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Mishra Dhatu Nigam Ltd: business, sector, key facts.
What Mishra Dhatu Nigam Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Mishra Dhatu Nigam Ltd operates in the Basic Materials, listed as NSE: MIDHANI, BSE: 541195.
Mishra Dhatu Nigam Limited (MIDHANI) is a leading Indian manufacturer and supplier of high-performance materials, specializing in superalloys, titanium alloys, special purpose steels, and other specialty metals. Its operations cater to both domestic and international markets, serving a diverse range of industries that demand superior material properties.
A significant portion of MIDHANI's business focuses on the production of various types of special steels. These include martensitic, high-strength, austenitic, and precipitation-hardening steels, each engineered for specific applications. These steels find extensive use in demanding sectors like aerospace, power generation, nuclear energy, defense, and cryogenic engineering, as well as more general engineering applications.
Beyond special steels, MIDHANI's product portfolio encompasses a wide array of high-performance materials. This includes nickel-, cobalt-, and iron-based superalloys, renowned for their exceptional strength and resistance to high temperatures and corrosion. The company also produces titanium and titanium alloys, known for their lightweight yet strong characteristics, and soft magnetic and controlled expansion alloys for specialized applications.
The company offers a comprehensive range of product forms to meet diverse customer requirements. This includes bars (including bright bars), wires (including fine wires), hot and cold rolled sheets and strips, and open die forging products. MIDHANI also provides value-added products such as welding consumables, fasteners, and even biomedical implants, showcasing its versatility in material processing and application.
Furthermore, MIDHANI's product line extends to armor products, highlighting its contribution to the defense sector. This diversification across various product categories and industries ensures a robust and resilient business model, contributing to MIDHANI's position as a key player in the Indian and global specialty metals market. The company's long history, dating back to its incorporation in 1973, speaks to its experience and expertise in this specialized field.
Questions investors ask about Mishra Dhatu Nigam Ltd (MIDHANI).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Mishra Dhatu Nigam Ltd (MIDHANI)?
The current share price of Mishra Dhatu Nigam Ltd (MIDHANI) is ₹437. Today, the stock has gained by ₹5.95 (1.38%), trading in a range of ₹429.85 to ₹443.95. The stock opened at ₹431.05 with a trading volume of 9,30,739 shares.
02Is Mishra Dhatu Nigam Ltd stock a good investment for long-term?
Mishra Dhatu Nigam Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹8,201.74 crores, P/E ratio of 61.32, ROE of 8.92%, and ROCE of 10.60%. The dividend yield stands at 0.36%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Mishra Dhatu Nigam Ltd stock?
The 52-week high price of Mishra Dhatu Nigam Ltd (MIDHANI) is ₹469, while the 52-week low is ₹266.65. Currently trading at ₹437, the stock is 84.2% away from its 52-week low and 6.8% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Mishra Dhatu Nigam Ltd stock at the current price?
Whether to buy Mishra Dhatu Nigam Ltd stock at ₹437 depends on multiple factors. The stock is currently trading with a P/E ratio of 61.32 and P/B ratio of 5.61. Today's performance shows a gain of 1.38%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Mishra Dhatu Nigam Ltd and when is the next dividend?
Mishra Dhatu Nigam Ltd offers a dividend yield of 0.36%, which means for every ₹100 invested at the current price of ₹437, you can expect to receive approximately ₹0.36 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Mishra Dhatu Nigam Ltd?
Mishra Dhatu Nigam Ltd's key financial metrics include: P/E Ratio: 61.32, P/B Ratio: 5.61, ROE: 8.92%, ROCE: 10.60%, Dividend Yield: 0.36%, EPS: ₹7.03, Book Value: ₹76.78, and Debt-to-Equity: 26.56. The company's market cap stands at ₹8,201.74 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Mishra Dhatu Nigam Ltd stock performing today in the market?
Mishra Dhatu Nigam Ltd stock opened at ₹431.05 and is currently trading at ₹437, showing a gain of ₹5.95 (1.38%). The intraday high is ₹443.95 and low is ₹429.85. The trading volume stands at 9,30,739 shares, indicating moderate market participation today.
08What is the P/E ratio of Mishra Dhatu Nigam Ltd and what does it indicate?
Mishra Dhatu Nigam Ltd has a Price-to-Earnings (P/E) ratio of 61.32, which means investors are willing to pay ₹61.32 for every ₹1 of earnings. With an EPS of ₹7.03, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Mishra Dhatu Nigam Ltd (MIDHANI) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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