Mishra Dhatu Nigam Ltd
Mishra Dhatu Nigam Ltd (MIDHANI) last reported results for the quarter ended Jun 2026, with sales of ₹239 crore and net profit of ₹16 crore. The stock last traded at ₹461, a market capitalisation of ₹8,636 crore, on a P/E of 64.0. Over the past 52 weeks the stock has ranged between ₹267 and ₹482. Figures are as of 6 Oct 2026 and are not real time.
Mishra Dhatu Nigam Ltd share price and key metrics
- Current price
- ₹461
- Market cap
- ₹8,636 cr
- Stock P/E
- 64.0
- Book value
- ₹81.8
- ROE
- 8.92%
- ROCE
- 11.4%
- Dividend yield
- 0.19%
- 52w high / low
- 482/267
Metrics as of 6 Oct 2026. Not real time.
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Mishra Dhatu Nigam Ltd growth and returns
- 10 Years
- %
- 5 Years
- 8%
- 3 Years
- 12%
- TTM
- 18%
- 10 Years
- %
- 5 Years
- -5%
- 3 Years
- -6%
- TTM
- 14%
- 10 Years
- %
- 5 Years
- 17%
- 3 Years
- 2%
- 1 Year
- 12%
- 10 Years
- %
- 5 Years
- 10%
- 3 Years
- 8%
- Last Year
- 9%
Mishra Dhatu Nigam Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹239 cr, up 40.6% from ₹170 cr a year earlier. Net profit was ₹16 cr, up 23.1% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 262 | 238 | 411 | 170 | 210 | 276 | 553 | 239 |
| Expenses | 213 | 186 | 317 | 136 | 177 | 221 | 437 | 203 |
| Operating profit | 49 | 52 | 93 | 34 | 33 | 55 | 116 | 37 |
| OPM % | 19% | 22% | 23% | 20% | 16% | 20% | 21% | 15% |
| Other income | 9 | 7 | 8 | 7 | 9 | 8 | 15 | 10 |
| Interest | 8 | 7 | 7 | 6 | 6 | 6 | 7 | 6 |
| Depreciation | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 |
| Profit before tax | 34 | 36 | 77 | 19 | 19 | 39 | 107 | 24 |
| Tax % | 30% | 30% | 27% | 32% | 33% | 29% | 27% | 32% |
| Net profit | 24 | 26 | 56 | 13 | 13 | 28 | 78 | 16 |
| EPS (₹) | 1.27 | 1.36 | 3.00 | 0.69 | 0.69 | 1.48 | 4.16 | 0.88 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Mishra Dhatu Nigam Ltd annual results
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 711 | 713 | 813 | 859 | 872 | 1,073 | 1,074 | 1,209 | 1,278 |
| Operating profit | 185 | 197 | 246 | 263 | 259 | 195 | 219 | 239 | 240 |
| OPM % | 26% | 28% | 30% | 31% | 30% | 18% | 20% | 20% | 19% |
| Net profit | 131 | 158 | 166 | 177 | 156 | 92 | 111 | 131 | 135 |
| EPS (₹) | 6.97 | 8.44 | 8.88 | 9.43 | 8.34 | 4.90 | 5.92 | 7.02 | 7.21 |
TTM is the trailing twelve months to the most recent quarter.
Mishra Dhatu Nigam Ltd balance sheet
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 187 | 187 | 187 | 187 | 187 | 187 | 187 | 187 |
| Reserves | 647 | 769 | 884 | 1,002 | 1,098 | 1,132 | 1,228 | 1,345 |
| Borrowings | 107 | 134 | 160 | 268 | 489 | 433 | 350 | 407 |
| Other liabilities | 883 | 1,306 | 1,228 | 1,322 | 1,089 | 1,154 | 1,150 | 1,282 |
| Total liabilities | 1,825 | 2,396 | 2,459 | 2,779 | 2,863 | 2,905 | 2,915 | 3,221 |
| Fixed assets | 425 | 441 | 429 | 938 | 1,016 | 1,032 | 1,074 | 1,066 |
| CWIP | 175 | 405 | 549 | 132 | 80 | 83 | 25 | 16 |
| Investments | 2 | 20 | 21 | 21 | 21 | 22 | 25 | 24 |
| Other assets | 1,223 | 1,530 | 1,461 | 1,688 | 1,746 | 1,769 | 1,790 | 2,115 |
| Total assets | 1,825 | 2,396 | 2,459 | 2,779 | 2,863 | 2,905 | 2,915 | 3,221 |
As reported by the company. Total assets equal total liabilities by construction.
Mishra Dhatu Nigam Ltd cash flow
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 296 | 204 | 176 | 52 | -35 | 216 | 217 | 155 |
| Cash from investing | -205 | -195 | -115 | -103 | -3 | -65 | -96 | -150 |
| Cash from financing | -78 | -13 | -37 | 27 | 43 | -148 | -126 | 16 |
| Net cash flow | 13 | -4 | 24 | -24 | 4 | 2 | -6 | 21 |
| Free cash flow | 82 | -67 | 17 | -74 | -108 | 136 | 149 | 105 |
| CFO / operating profit | 188% | 126% | 91% | 46% | 6% | 128% | 116% | 84% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Mishra Dhatu Nigam Ltd operating ratios
| Per year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 20% | 21% | 19% | 15% | 9% | 11% | 11% |
| Debtor days | 181 | 152 | 173 | 130 | 132 | 110 | 139 | 167 |
| Inventory days | 984 | 2,784 | 1,381 | 2,088 | — | — | 1,086 | 935 |
| Days payable | 248 | 394 | 148 | 336 | — | — | 79 | 80 |
| Cash conversion cycle | 916 | 2,542 | 1,407 | 1,882 | 132 | 110 | 1,146 | 1,022 |
| Working capital days | 223 | 362 | 321 | 346 | 389 | 332 | 357 | 327 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Mishra Dhatu Nigam Ltd shareholding pattern
Promoters held 74.00% at Jun 2026, broadly unchanged since Jun 2025. FIIs 2.57% and DIIs 7.37%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.00% | 74.00% | 74.00% | 74.00% | 74.00% | 74.00% | 74.00% | 74.00% |
| FIIs | 1.42% | 1.26% | 1.65% | 1.34% | 1.37% | 1.25% | 1.32% | 2.57% |
| DIIs | 8.44% | 8.48% | 8.79% | 8.98% | 8.83% | 7.92% | 7.81% | 7.37% |
| Public | 16.13% | 16.25% | 15.55% | 15.69% | 15.80% | 16.82% | 16.85% | 16.06% |
| No. of shareholders | 1,53,279 | 1,56,888 | 1,57,106 | 1,64,891 | 1,62,111 | 1,66,811 | 1,64,331 | 1,54,762 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Mishra Dhatu Nigam Ltd corporate filings
- Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.Company Updatelow impact
- Mishra Dhatu Nigam Limited (MIDHANI) announces retirement of General Manager (Engineering Services) effective October 1, 2026Company Updatelow impact
Cruxal's analysis: MIDHANI has disclosed the retirement of Mr. Venkateshwar Rathod, General Manager…
Read the full analysis - Market-moving corporate approval of multiple resolutions including dividend, director appointments, and auditor remuneration at Mishra Dhatu Nigam Limited's 52nd AGMAGM/EGMhigh impact
Cruxal's analysis: Mishra Dhatu Nigam Limited reported strong shareholder support for key resolutions at its…
Read the full analysis - Mishra Dhatu Nigam Limited (MIDHANI) holds 52nd AGM via VC; no new financial disclosures or strategic updates providedAGM/EGMlow impact
Cruxal's analysis: Mishra Dhatu Nigam Limited conducted its 52nd Annual General Meeting on September 30…
Read the full analysis - Mishra Dhatu Nigam Ltd schedules investor meet for September 28, 2026Company Updatelow impact
Cruxal's analysis: Mishra Dhatu Nigam Ltd has announced an investor meet scheduled for September 28, 2026…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
- Mishra Dhatu Nigam Ltd publishes mandatory newspaper advertisement for regulatory complianceCompany Updatelow impact
Cruxal's analysis: Mishra Dhatu Nigam Ltd has released a copy of a newspaper advertisement as part of its…
Read the full analysis - Mishra Dhatu Nigam Limited (MIDHANI) announces board-level change with appointment of new Government Nominee DirectorAGM/EGMlow impact
Cruxal's analysis: Mishra Dhatu Nigam Limited has issued an addendum to its 52nd Annual General Meeting…
Read the full analysis - Mishra Dhatu Nigam Limited (MIDHANI) Announces Change in Government Nominee DirectorCompany Updatelow impact
Cruxal's analysis: Mishra Dhatu Nigam Limited has announced the appointment of Ms. Meera Mohanty, an IAS…
Read the full analysis - Mishra Dhatu Nigam Limited (MIDHANI) announces re-appointment of Statutory Auditor for FY 2026-27Company Updatelow impact
Cruxal's analysis: Mishra Dhatu Nigam Limited has informed the exchanges that the Comptroller & Auditor…
Read the full analysis - Mishra Dhatu Nigam Limited (MIDHANI) Announces 52nd Annual General Meeting and Final Dividend Record DateCompany Updatelow impact
Cruxal's analysis: Mishra Dhatu Nigam Limited (MIDHANI) has scheduled its 52nd Annual General Meeting (AGM)…
Read the full analysis - Mishra Dhatu Nigam Ltd announces Business Responsibility and Sustainability Reporting (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Mishra Dhatu Nigam Ltd has filed a disclosure regarding its Business Responsibility and…
Read the full analysis - Mishra Dhatu Nigam Limited (MIDHANI) Announces 52nd AGM, Final Dividend, and Board AppointmentsAGM/EGMmedium impact
Cruxal's analysis: Mishra Dhatu Nigam Limited (MIDHANI) has scheduled its 52nd Annual General Meeting for…
Read the full analysis - Mishra Dhatu Nigam Ltd releases FY 2025-26 Annual Report and AGM NoticeOtherslow impact
Cruxal's analysis: Mishra Dhatu Nigam Ltd has filed its Annual Report for the financial year 2025-26 along…
Read the full analysis - BSE and NSE impose fine on Mishra Dhatu Nigam Ltd for regulatory non-complianceCompany Updatelow impact
Cruxal's analysis: Mishra Dhatu Nigam Ltd (MIDHANI) disclosed that the BSE and National Stock Exchange of…
Read the full analysis - Mishra Dhatu Nigam Limited (MIDHANI) Q1 FY27 Earnings Call: Revenue Growth of 40.46% YoY Amidst Margin Compression from Raw Material and Fuel CostsCompany Updatemedium impact
Cruxal's analysis: Mishra Dhatu Nigam Limited reported a strong Q1 FY27 turnover of 239.49 crore, a 40.46%…
Read the full analysis - Mishra Dhatu Nigam Limited (MIDHANI) Announces Appointment of Two New Independent DirectorsCompany Updatelow impact
Cruxal's analysis: Mishra Dhatu Nigam Limited has announced the appointment of Shri A. Pugazhenthi and Shri…
Read the full analysis - Mishra Dhatu Nigam Ltd concludes investor conference callCompany Updatelow impact
Cruxal's analysis: Mishra Dhatu Nigam Ltd held an investor conference call on August 17, 2026, to discuss…
Read the full analysis - MIDHANI receives S400 approval from GE Aerospace for specialized material supplyCompany Updatemedium impact
Cruxal's analysis: Mishra Dhatu Nigam Ltd (MIDHANI) has announced receiving S400 approval from GE Aerospace…
Read the full analysis - Mishra Dhatu Nigam Ltd publishes routine newspaper noticeCompany Updatelow impact
Cruxal's analysis: Mishra Dhatu Nigam Ltd has released a copy of its newspaper publication as part of its…
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