Mishra Dhatu Nigam Ltd
MIDHANIMishra Dhatu Nigam Ltd
MIDHANIPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
72.79 | 4.86 | 0.41% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
29.57 | 3.36 | 1.39% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Mishra Dhatu Nigam Ltd manufactures superalloys, titanium, and special steels, supplying to defense and strategic sectors, including energy and aerospace applications.
Peers
Compare with peersVedanta Ltd
NLC India Ltd
Ashapura Minechem Ltd
Owais Metal and Mineral Processing Ltd
Rhetan TMT Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 747.74 | 749.32 | 833.19 | 891.11 | 910.11 | 1,103.12 | 1,114.19 | |||||||
Raw Materials | 292.76 | 376.61 | 170.07 | 344.90 | 0.00 | 0.00 | 894.51 | |||||||
Power & Fuel Cost | 56.24 | 62.02 | 42.32 | 63.01 | 102.79 | 90.09 | ||||||||
Employee Cost | 106.59 | 121.03 | 120.06 | 121.30 | 123.98 | 131.38 | ||||||||
Selling & Administrative Expenses | 39.17 | 45.47 | 34.67 | 41.55 | 47.86 | 38.63 | ||||||||
Operating & Other expenses | 31.54 | -89.67 | 200.16 | 25.35 | 338.64 | 617.54 | ||||||||
EBITDA | 221.44 | 233.86 | 265.91 | 295.00 | 296.84 | 225.48 | 219.68 | |||||||
Depreciation/Amortization | 23.19 | 26.11 | 27.00 | 33.00 | 53.00 | 58.55 | 60.88 | |||||||
PBIT | 198.25 | 207.75 | 238.91 | 262.00 | 243.84 | 166.93 | 158.80 | |||||||
Interest & Other Items | 7.20 | 7.28 | 12.69 | 22.57 | 26.91 | 35.46 | 31.87 | |||||||
PBT | 191.05 | 200.47 | 226.22 | 239.43 | 216.93 | 131.47 | 126.93 | |||||||
Taxes & Other Items | 60.49 | 42.35 | 59.80 | 62.81 | 60.67 | 39.69 | 38.94 | |||||||
Net Income | 130.56 | 158.12 | 166.42 | 176.62 | 156.26 | 91.78 | 87.99 | |||||||
EPS | 6.97 | 8.44 | 8.88 | 9.43 | 8.34 | 4.90 | 4.70 | |||||||
DPS | 2.19 | 2.56 | 2.78 | 3.10 | 3.35 | 1.41 | 1.41 | |||||||
Payout ratio | 0.31 | 0.30 | 0.31 | 0.33 | 0.40 | 0.29 | 0.30 |
Company Updates
Peers & Comparison
MaterialsMetals - Diversified
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Mishra Dhatu Nigam Ltd | 69.79 | 4.86 | 0.41% |
Vedanta Ltd | 43.58 | 4.39 | 5.94% |
NLC India Ltd | 17.58 | 1.68 | 1.28% |
Ashapura Minechem Ltd | 13.36 | 4.18 | — |
Price Comparison
Compare MIDHANI with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Mishra Dhatu Nigam Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Balanced Advantage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.3359% | Percentage of the fund’s portfolio invested in the stock 0.30% | Change in the portfolio weight of the stock over the last 3 months -0.06% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 66/305 (-30) |
Nippon India Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7668% | Percentage of the fund’s portfolio invested in the stock 0.08% | Change in the portfolio weight of the stock over the last 3 months -0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 227/234 (-25) |
Nippon India Power & Infra Fund - Growth Option - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3924% | Percentage of the fund’s portfolio invested in the stock 0.36% | Change in the portfolio weight of the stock over the last 3 months -0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 52/56 (-18) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
MIDHANI has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.41%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.12 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateMar 22, 2024
Dividend/Share
₹1.41
Ex DateEx Date
Mar 22, 2024
Cash Dividend
Ex DateEx DateSep 22, 2023
Dividend/Share
₹1.67
Ex DateEx Date
Sep 22, 2023
Cash Dividend
Ex DateEx DateMar 23, 2023
Dividend/Share
₹1.68
Ex DateEx Date
Mar 23, 2023
Cash Dividend
Ex DateEx DateSep 21, 2022
Dividend/Share
₹1.54
Ex DateEx Date
Sep 21, 2022
Cash Dividend
Ex DateEx DateMar 22, 2022
Dividend/Share
₹1.56
Ex DateEx Date
Mar 22, 2022
The domestic equity indices traded with limited losses in mid-afternoon trade. The Nifty traded below the 23,550 mark. Consumer durable shares advanced after declining in the past three consecutive trading sessions. At 14:30 IST, the barometer index, the S&P BSE Sensex, was down 98.10 points or 0.13% to 77,592.85. The Nifty 50 index lost 25.30 points or 0.11% to 23,533.75. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.38% and the S&P BSE Small-Cap index added 0.81%. The market breadth was positive. On the BSE, 2,134 shares rose and 1,758 shares fell. A total of 103 shares were unchanged. Economy: The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 2.36% (Provisional) for the month of October, 2024 (over October, 2023). Inflation in October, 2024 is primarily due to increase in prices of food articles, manufacture of food products, other manufacturing, manufacture of machinery & equipment, manufacture of motor vehicles, trailers & semi-trailers, etc. The month-on-month change in WPI for October 2024 showed a rise of 0.97% compared to September 2024. Buzzing Index: The Nifty Consumer Durables index lost 0.17% to 38,616.60. The index declined 2.60% in the past three consecutive trading sessions. Kalyan Jewellers India (down 2.94%), Crompton Greaves Consumer Electricals (down 2.35%), Titan Company (down 1.04%), V-Guard Industries (down 0.94%), Amber Enterprises India (down 0.24%) and Century Plyboards (India) (down 0.01%) slipped. On the other hand, Cera Sanitaryware (up 3.6%), Blue Star (up 3.07%) and Rajesh Exports (up 1.67%) added. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.97% to 6.938 as compared with previous close 6.917. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.0475, compared with its close of 84.3950 during the previous trading session. MCX Gold futures for 5 December 2024 settlement fell 0.92% to Rs 73,799. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.18% to 106.67. The United States 10-year bond yield added 0.36% to 4.469. In the commodities market, Brent crude for November 2024 settlement lost 1 cent or 0.01% to $72.27 a barrel. Stocks in spotlight: Mishra Dhatu Nigam (MIDHANI) rallied 4.03% after the company's standalone net profit jumped 70.04% to Rs 23.55 crore on a 15.22% rise in revenue from operations to Rs 262.12crore in Q2 FY25 over Q2 FY24. NIBE added 2.19% after the company's consolidated net profit zoomed 218.63% to Rs 8.89 crore on 230.20% jump in revenue from operations to Rs 135.98 crore in Q2 FY25 over Q2 FY24. Hindustan Aeronautics (HAL) rose 0.96%. The company's consolidated net profit jumped 22.13% to Rs 1,510.48 crore on 6.04% increased in revenue from operations to Rs 5,976.29 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live
Profit before tax (PBT) climbed 64.34% year on year to Rs 33.92 crore in the quarter ended 30 September 2024. Total expense jumped 10.4% year on year to Rs 236.73 crore during the quarter. Cost of materials consumed was at Rs 116.61 crore (down 21.56% YoY) while employee benefits expense stood at Rs 35.06 crore (up 8.08% YoY) during the period under review. Value of production (VoP) declined 7.78% to Rs 268.22 crore in Q2 FY25 as against Rs 290.84 crore posted in Q2 FY24. The order book position of the company as on 1 October 2024 stood at Rs 1,819.89 crore. Mishra Dhatu Nigam is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals.Powered by Capital Market - Live
Net profit of Mishra Dhatu Nigam rose 69.06% to Rs 23.55 crore in the quarter ended September 2024 as against Rs 13.93 crore during the previous quarter ended September 2023. Sales rose 14.97% to Rs 256.42 crore in the quarter ended September 2024 as against Rs 223.03 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales256.42223.03 15 OPM %19.0916.28 - PBDT49.6135.16 41 PBT33.9220.72 64 NP23.5513.93 69 Powered by Capital Market - Live
Mishra Dhatu Nigam will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live
Mishra Dhatu Nigam announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live
With this, the open order position of MIDHANI as on date is around Rs 2,098 crore,' the company said in a statement. Mishra Dhatu Nigam is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals. The company's standalone net profit tumbled 72.44% to Rs 5.11 crore in Q1 FY25 as against Rs 18.54 crore posted in Q1 FY24. Revenue from operations was at Rs 163.45 crore in Q1 FY25, down 12.93% as compared with Rs 187.72 crore posted in Q1 FY24.Powered by Capital Market - Live
Mishra Dhatu Nigam has secured an order of Rs 285 crore. With this order, the order position of the company stands at Rs 2098 crore. Powered by Capital Market - Live
Revenue from operations was at Rs 163.45 crore in Q1 FY25, down 12.93% as compared with Rs 187.72 crore posted in Q1 FY24. Profit before tax slumped 66.47% year on year to Rs 8.96 crore in the quarter ended 30 June 2024. EBITDA for the June quarter stood at Rs 31.07 crore, down 37.31% from Rs 49.56 crore recorded in the corresponding quarter previous year. Value of production (VoP) declined 28.71% to Rs 210.79 crore in Q1 FY25 as against Rs 295.66 crore posted in Q1 FY24. The order book position of the company as on 1 July 2024 stood at Rs 1,757.87 crore. Mishra Dhatu Nigam is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals. Powered by Capital Market - Live
Net profit of Mishra Dhatu Nigam declined 71.73% to Rs 5.29 crore in the quarter ended June 2024 as against Rs 18.71 crore during the previous quarter ended June 2023. Sales declined 14.25% to Rs 156.05 crore in the quarter ended June 2024 as against Rs 181.99 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales156.05181.99 -14 OPM %14.9222.83 - PBDT24.4141.09 -41 PBT9.1426.90 -66 NP5.2918.71 -72 Powered by Capital Market - Live
Mishra Dhatu Nigam will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 8.09%, vs industry avg of 9.06%
Decreasing Market Share
Over the last 5 years, market share decreased from 0.66% to 0.63%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -6.81%, vs industry avg of -4.85%