MISHRA DHATU NIGAM LTD·STEEL 59.35METALS 71.45·Aerospace & Defense Companies

2026-08-21 NSE BSE Web Result 12 Aug

Price

423.95

+0.82%
O:421.1
H:431.45
L:419.55
C:423.95

52W Range

266.65456.6
+59%/-7%

Market Cap

₹7,942.28 Cr

Traded: ₹29.72 Cr (0.37%) 0.0x

Free Float: ₹1,275.53 Cr (2.33% of FF traded)

Volume · 60D trend

6.98 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+7% 3M:-3% 6M:+15% 12M:+41%

Valuation

P/E58.8
P/B5.2
P/S6.2
EV/EBIT35.1

Business Strength

ROE8.1%
ROCE10.6%
OPM19.7%
NPM10.8%

Growth (3Y CAGR)

EPS+18.6%
Sales+12.0%
Profit-6.0%
3Y Return+5.0%

Balance Sheet

Debt/Equity0.2
Debt284 Cr
Pledge0.0%
CWIP/Fixed Asset1.5%

Cash Position

CFO/NP118.3%
FCF105 Cr
FCF 3Y Avg391 Cr
Cash/MCap2.0%

Others

Div Yield0.3%
Div Payout18.0%
Cash Conv. Cycle1022 days
Tradeable Free Float16.1%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 110.38 Cr
8.65% FF
60d high
₹ 110.38 Cr
60d low
₹ 90.32 Cr
60d mean
₹ 100.34 Cr
vs mean
▲ 10.01%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Return
--
+17.0%
+5.0%
+6.0%
--
Stable
Profit
--
-5.0%
-6.0%
--
+14.0%
Stable
Sales
--
+8.0%
+12.0%
--
+18.0%
Accelerating
ROE
--
+10.0%
+8.0%
--
--
Decelerating

Quarterly Results

Jun 2026

12 Aug
Rev
239 Cr
+41% YoY-57% QoQ
OPM15.0%
NPM6.7%
PAT
+27% YoY16 Cr
EPS
+28% YoY0.9

Mar 2026

29 May
Rev
553 Cr
+35% YoY+100% QoQ
OPM21.0%
NPM14.1%
PAT
+39% YoY78 Cr
EPS
+39% YoY4.2

Dec 2025

13 Feb
Rev
276 Cr
+16% YoY+31% QoQ
OPM20.0%
NPM10.1%
PAT
+8% YoY28 Cr
EPS
+9% YoY1.5

Sep 2025

PDF
Rev
210 Cr
-20% YoY+24% QoQ
OPM16.0%
NPM6.2%
PAT
-46% YoY13 Cr
EPS
-46% YoY0.7

Jun 2025

PDF
Rev
170 Cr
+4% YoY-59% QoQ
OPM20.0%
NPM7.7%
PAT
+145% YoY13 Cr
EPS
+146% YoY0.7

Mar 2025

PDF
Rev
411 Cr
+1% YoY+73% QoQ
OPM23.0%
NPM13.6%
PAT
+21% YoY56 Cr
EPS
+21% YoY3.0

Dec 2024

PDF
Rev
238 Cr
-6% YoY-9% QoQ
OPM22.0%
NPM10.9%
PAT
+99% YoY26 Cr
EPS
+100% YoY1.4

Sep 2024

PDF
Rev
262 Cr
+15% YoY+61% QoQ
OPM19.0%
NPM9.2%
PAT
+71% YoY24 Cr
EPS
+72% YoY1.3

Jun 2024

PDF
Rev
163 Cr
-13% YoY-60% QoQ
OPM14.0%
NPM3.1%
PAT
-72% YoY5 Cr
EPS
-72% YoY0.3

Mar 2024

PDF
Rev
406 Cr
+18% YoY+61% QoQ
OPM20.0%
NPM11.3%
PAT
-30% YoY46 Cr
EPS
-30% YoY2.5

Dec 2023

PDF
Rev
252 Cr
+9% YoY+11% QoQ
OPM14.0%
NPM5.2%
PAT
-67% YoY13 Cr
EPS
-67% YoY0.7

Sep 2023

PDF
Rev
227 Cr
+25% YoY+21% QoQ
OPM16.0%
NPM6.2%
PAT
-59% YoY14 Cr
EPS
-59% YoY0.7

Jun 2023

PDF
Rev
188 Cr
---46% QoQ
OPM22.0%
NPM10.1%
PAT
+5% YoY19 Cr
EPS
--1.0

Mar 2023

PDF
Rev
345 Cr
--+49% QoQ
OPM29.0%
NPM19.1%
PAT
-18% YoY66 Cr
EPS
--3.5

Dec 2022

Rev
231 Cr
--+28% QoQ
OPM28.0%
NPM16.9%
PAT
-10% YoY39 Cr
EPS
--2.1

Sep 2022

Rev
181 Cr
----
OPM32.0%
NPM18.8%
PAT
-1% YoY34 Cr
EPS
--1.8

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.27
Interest Coverage29.1x
Promoter Pledge0.0%
Borrowings407 Cr

Efficiency

Receivable Days167 days
Inventory Days935 days
Payable Days80 days
Cash Conversion cycle1022 days

Cash Position

Operating Cash Flow155 Cr
Investing Cash Flow-150 Cr
Financing Cash Flow16 Cr
Free Cash Flow105 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023PDF ↗
Jun 2023PDF ↗
Mar 2023PDF ↗
Dec 2022
Sep 2022
Sales239553276210170411238262163406252227188345231181
Expenses203437221177136317186213140325216191146244166122
Operating Profit3711655333493524923803636421006659
OPM %15.0%21.0%20.0%16.0%20.0%23.0%22.0%19.0%14.0%20.0%14.0%16.0%22.0%29.0%28.0%32.0%
Other Income1015897879887881299
Interest6766677878999876
Depreciation17171717161616161515141414141413
Profit Before Tax24107391919773634965192127915449
Tax %32.0%27.0%29.0%33.0%32.0%27.0%30.0%30.0%42.0%28.0%33.0%33.0%30.0%27.0%28.0%31.0%
Net Profit1678281313562624546131419663934
Exceptional Items--------------------------------
EPS (Rs)0.94.21.50.70.73.01.41.30.32.50.70.71.03.52.11.8
Sales Growth (YoY)40.6%34.5%16.0%-19.9%4.3%1.2%-5.6%15.4%-13.3%17.7%9.1%25.4%--------
Sales Growth (QoQ)-56.8%100.4%31.4%23.5%-58.6%72.7%-9.2%60.7%-59.9%61.1%11.0%20.7%-45.5%49.4%27.6%--
OP Growth (YoY)8.8%24.7%5.8%-32.7%47.8%16.3%44.4%36.1%-45.2%-20.0%-45.5%-39.0%--------
OP Growth (QoQ)-68.1%110.9%66.7%-2.9%-63.4%78.8%6.1%113.0%-71.3%122.2%0.0%-14.3%-58.0%51.5%11.9%--
Profit Growth (YoY)27.0%38.6%8.3%-45.6%145.2%21.3%99.4%71.0%-71.7%-30.1%-66.9%-58.5%5.3%-18.0%-10.0%-1.0%
EPS Growth (YoY)27.5%38.7%8.8%-45.7%146.4%21.5%100.0%71.6%-72.0%-30.2%-67.0%-58.7%--------
EPS Growth (QoQ)-78.8%181.1%114.5%0.0%-77.0%120.6%7.1%353.6%-88.7%263.2%-8.1%-26.0%-71.8%71.8%15.1%--
OP Margin15.5%21.0%19.9%15.7%20.0%22.6%21.9%18.7%14.1%19.7%14.3%15.9%22.3%29.0%28.6%32.6%
Net Margin6.7%14.1%10.1%6.2%7.7%13.6%10.9%9.2%3.1%11.3%5.2%6.2%10.1%19.1%16.9%18.8%
Material Cost %38.1%55.3%37.7%34.2%22.8%46.8%34.0%42.2%28.8%49.0%45.5%37.5%26.4%34.0%19.5%6.6%
Employee Cost %15.6%7.4%13.8%15.9%18.9%9.7%15.2%13.4%19.1%8.9%13.9%14.3%16.1%9.0%14.4%18.3%
P/S6.217.517.396.30------------------------
P/E58.8072.9971.7860.32------------------------
P/B5.185.565.474.50------------------------

Shareholding Pattern

Shareholders:1.5L (+87.7%)
Current MixJun 2026

Exchange Filings

50
Company Update22 Aug 2026

Transcript of Investor Conference call held on August 17, 2026 for Q1- MIDHANI

Company Update21 Aug 2026

Appointment of Non-executive Independent Directors on the Board of MIDHANI

Company Update17 Aug 2026

Outcome of Investor Conference Call

Company Update13 Aug 2026

Press Release titled '' MIDHANI secures S400 approval from GE Aerospace''

Company Update13 Aug 2026

Copy of Newspaper publication - MIDHANI

Company Update12 Aug 2026

Q1 Investor Conference call intimation

Result12 Aug 2026

Results for Q1 FY 27.

Board Meeting12 Aug 2026

Results Q1 FY 27.

Board Meeting04 Aug 2026

Mishra Dhatu Nigam Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve Consider and approve the ....

Company Update18 Jul 2026

Copy of IEPF Newspaper Advertisement.

Company Update06 Jul 2026

Certificate under SEBI (Depositories and Participants) Regulations, 2018

Insider Trading / SAST25 Jun 2026

Intimation regarding closure of Trading window for Q1 FY 2026-27

Company Update08 Jun 2026

Investor Meet organised by Antique Stock Broking Limited on June 11, 2026 at 1600 hrs.

Company Update06 Jun 2026

Transcript of Investor Concall held on June 3, 2026.

Company Update06 Jun 2026

MIDHANI will be attending Group Meeting with Investors/Analysts (Participants) organised by DAM Capital scheduled to be held at 1200 hours on June 11, 2026 at Hyderabad

Company Update05 Jun 2026

Change in Management (Directors)

Company Update30 May 2026

Newspaper Publication - Financial Result extract (FY 2025-26)

Company Update29 May 2026

Intimation for Investor Conference call of MIDHANI

Result29 May 2026

Approved Financial Results for FY 2025-26 and recommended final dividend.

Board Meeting29 May 2026

Approved Audited Financial Results for FY 2025-26 and recommended final dividend for FY 2025-26.

Company Update28 May 2026

In terms of Regulation 30 SEBI LODR, BSE and NSE on May 27, 2026 imposed a fine on MIDHANI.

Company Update23 May 2026

Annual Secretarial Compliance Report for FY 2025-26

Board Meeting22 May 2026

Mishra Dhatu Nigam Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve Intimation of Board Meeting ....

Company Update18 Apr 2026

Intimation of Tenure end of Independent Directors of MIDHANI Mrs.V.T. Rema, Shri Ajay Kumar Chauhan and Ms. Aruna Sarap.

Company Update18 Apr 2026

certificate under regulation 74(5) of the SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended March 31, 2026.

Company Update31 Mar 2026

In terms of Regulation 30 of SEBI (LODR) Regulations, 2015 ,please find below press release titled "MIDHANI achieves highest ever sales amid supply chain disruptions.

Insider Trading / SAST27 Mar 2026

Intimation of closure of Trading Window for Quarter and year ending March 31, 2026

Company Update17 Mar 2026

Press Release titled "NADCAP accreditation for Heat Treatment"

Board Meeting13 Mar 2026

Declaration of Interim Dividend for FY 2025-26 and Record Date fixation for Interim Dividend.

Corp. Action13 Mar 2026

The Record Date for the Interim Dividend FY 2025-26 is fixed at Thursday - March 19, 2026.

Company Update07 Mar 2026

Investors/Analysts (Participants) organized by Goldman Sachs (India) Securities Private Limited scheduled to be held at 1300 hours on March 12, 2026 at Hyderabad.

Board Meeting05 Mar 2026

Mishra Dhatu Nigam Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/03/2026 ,inter alia, to consider and approve Interim Dividend for FY 2025-26.

Insider Trading / SAST05 Mar 2026

Closure of Trading Window from 06/03/2026 till 15/03/2026.

Company Update21 Feb 2026

Transcript of Investor Meet held on February 17, 2026.

Company Update17 Feb 2026

Recording of Q3 - FY 26 earnings call held on February 17, 2026.

Company Update14 Feb 2026

Newspaper Advertisements of December 31 2025 Q3 Results.

Board Meeting12 Feb 2026

Financial Results for Q3 of FY 2025-26

Result12 Feb 2026

Financial for Q3 for FY 2025-26.

Company Update12 Feb 2026

Earnings Call for Q3 - FY 2025-26 scheduled to be held on February 17, 2026.

Board Meeting05 Feb 2026

Mishra Dhatu Nigam Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2026 ,inter alia, to consider and approve Board Meeting is scheduled ....

Company Update04 Feb 2026

Information regarding receipt of Order.

Company Update13 Jan 2026

certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on December 31, 2025.

Company Update13 Jan 2026

Newspaper Publication of Notice for the Attention of Equity Shareholders of the Company regarding Transfer of Equity Shares of the Company to Investor Education and Protection Fund (IEPF) ....

Company Update30 Dec 2025

The Company does not have any material information/event that would have bearing on the operation/performance of the Company other than what has already been disclosed to the exchanges.

Company Update30 Dec 2025

The Exchange has sought clarification from Mishra Dhatu Nigam Ltd on December 30, 2025, with reference to Movement in Volume.<BR><BR>The reply is awaited.

BSE
Insider Trading / SAST27 Dec 2025

Intimation of Closure of Trading Window for Quarter ending on December 31, 2025.

Company Update18 Dec 2025

Information regarding receipt of an Order.

Company Update29 Nov 2025

BSE Limited(BSE) and National Stock Exchange( NSE) imposed fine for the Quarter ended on September 30, 2025

Company Update28 Nov 2025

BSE Limited (BSE) imposed a fine for the quarter ended on September 30, 2025

Company Update19 Nov 2025

Transcript of Conference Call Q2 Results held on 14 November 2025

Annual Reports

15

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

Credit Ratings

6
crisilRating update
10 Sept 2025Report
crisilRating update
21 May 2025Report
crisilRating update
04 Feb 2025Report
crisilRating update
28 Feb 2024Report
crisilRating update
31 Mar 2023Report
crisilRating update

Concalls

19

Feb 2026

28 Feb 2026

Nov 2025

30 Nov 2025

Aug 2025

31 Aug 2025

Jun 2025

30 Jun 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Aug 2024

31 Aug 2024

Jun 2024

30 Jun 2024

Mar 2024

31 Mar 2024

Nov 2023

30 Nov 2023

Aug 2023

31 Aug 2023

Jun 2023

30 Jun 2023

Feb 2023

28 Feb 2023

Nov 2022

30 Nov 2022

Aug 2022

31 Aug 2022

Jun 2022

30 Jun 2022

Dec 2020

31 Dec 2020

Aug 2019

31 Aug 2019

May 2019

31 May 2019

Held by ETFs

4 ETFs hold MIDHANI · sorted by weight

#ETFWeight %
1

DEFENCE

MIRAEAMC - DEFENCE

0.56%
2

GROWWDEFNC

GROWWAMC - GROWWDEFNC

0.50%
3

AONETOTAL

AONEAMC - AONETOTAL

0.01%
4

MODEFENCE

MOTILALAMC - MODEFENCE

0.50%

Held by Mutual Funds

10 schemes hold MIDHANI · sorted by weight

#SchemeWeight %
1

Axis Nifty India Defence Index Fund

Axis Mutual Fund

0.52%
2

Motilal Oswal Nifty India Defence Index Fund

Motilal Oswal Mutual Fund

0.52%
3

HDFC Balanced Advantage Fund

HDFC Mutual Fund

0.26%
4

Nippon India Small Cap Fund

Nippon India Mutual Fund

0.14%
5

Motilal Oswal Nifty Microcap 250 Index Fund

Motilal Oswal Mutual Fund

0.23%
6

Groww Nifty Total Market Index Fund

Groww Mutual Fund

0.01%
7

Nippon India Retirement Fund

Nippon India Mutual Fund

0.89%
8

Bandhan Nifty Total Market Index Fund

Bandhan Mutual Fund

0.01%
9

Nippon IndiaRetirement Fund

Nippon India Mutual Fund

0.40%
10

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.01%