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Mishra Dhatu Nigam Limited share price

Mishra Dhatu Nigam Limited manufactures and sells super alloys, titanium, special purpose steel, and other special metals in India and internationally. The company provides high value speciality steels, including ultra-high strength steel, armour grade plates, precipitation hardening steel, and ferritic, martensitic and austenitic stainless steels; cast superalloy single-crystal blade material for aero engines; and Titanium alloys, such as ingots, forged bars, rings, hot rolled plates, cold rolled sheets, hot rolled bars, cold drawn wires, titanium castings, bio implants, and fasteners. It also offers special products comprising personal and vehicle armour, aerospace-grade fasteners, and we…Read more
Capital GoodsSteelNifty Microcap 250NSE: MIDHANIISIN INE099Z01011
16 Oct 2026, 3:30 PM IST₹419.65▲ 1.60 (0.38%)
  • Market Cap₹ 7,862 Cr.
  • Current Price₹ 419.65
  • High / Low₹ 482 / 267
  • Stock P/E58.2
  • Book Value₹ 82
  • Dividend Yield0.60 %
  • ROCE8.8 %
  • ROE8.90 %
  • Face Value₹ 10.0
More figures (10)
  • EPS (TTM)₹ 7.21
  • Price / Book5.13
  • OPM15.9 %
  • Debt / Equity0.27
  • Sales growth (5Y)8.2 %
  • Profit growth (5Y)-4.6 %
  • Promoter holding74.0 %
  • EV / EBITDA33.1
  • Beta0.66
  • All-time high₹ 548

Price chart

Returns1M3M6MYTD1Y3Y CAGR5Y CAGR
MIDHANI+5.11%+1.80%+14.85%+22.19%+11.14%-2.05%+15.98%
Nifty 50-0.31%-3.85%-4.34%-11.42%-9.53%+5.46%+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

  • Mishra Dhatu Nigam Limited is in the Steel industry (Basic Materials), with a market value of ₹7,862 crore.
  • It trades at 58.2 times its last 12 months' earnings and 5.1 times book value.
  • Revenue grew 8.2% a year over the last 5 years, profit -4.6% a year.
  • Return on equity was 8.9% and return on capital employed 8.8% in the latest year.
  • Debt was 0.27 times shareholders' equity.
  • The share price is 13.0% below its 52-week high and up 11.1% over one year.
  • Promoters and insiders hold about 74.0%; institutions about 7.8%.

Pros

  • Latest quarter (Jun 2026): sales up 40% and profit up 27% from a year ago.
  • Borrowings are moderate at 0.27 times shareholders' equity.
  • Promoters hold a large stake of 74.00%.

Cons

  • Return on equity has been low: 8.0% on average over the last 3 years.
  • Profit growth has been weak: -4.6% a year over the last 5 years.
  • Institutional (FII + DII) holding has fallen by 3.4 points over 3 years.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Mishra Dhatu Nigam Limited

Mishra Dhatu Nigam Limited manufactures and sells super alloys, titanium, special purpose steel, and other special metals in India and internationally. The company provides high value speciality steels, including ultra-high strength steel, armour grade plates, precipitation hardening steel, and ferritic, martensitic and austenitic stainless steels; cast superalloy single-crystal blade material for aero engines; and Titanium alloys, such as ingots, forged bars, rings, hot rolled plates, cold rolled sheets, hot rolled bars, cold drawn wires, titanium castings, bio implants, and fasteners. It also offers special products comprising personal and vehicle armour, aerospace-grade fasteners, and welding electrodes and precision springs. Mishra Dhatu Nigam Limited was incorporated in 1973 and is based in Hyderabad, India.

Employees
760
Head office
Hyderabad
NSE industry
Capital Goods

Peer comparison

Basic MaterialsCapital GoodsSteel

Part ofNifty Microcap 250

S.No.CompanyCMP ₹P/EMar Cap ₹ CrDiv Yld %NP Qtr ₹ CrQtr Profit Var %Sales Qtr ₹ CrQtr Sales Var %ROCE %
1.Mishra Dhatu Nigam419.6558.27,8620.601627.0023940.478.8
2.JSW Steel1,216.3012.12,96,8960.594,696112.5847,3649.7718.7
3.Tata Steel175.5019.82,18,9242.272,31811.5860,41214.5411.3
4.Jindal Steel1,045.2039.11,06,3480.19845—15,55316.997.5
5.Lloyds Metals and Energy1,851.7021.31,04,2080.061,734170.257,354208.5519.4
6.Steel Authority of India170.9516.570,6111.381,644120.8026,2461.257.2
7.Welspun Corp2,571.5029.467,8110.201,04649.864,0813.9819.5
8.NMDC71.698.463,0292.821,9760.446,7950.8428.4
9.Jindal Stainless736.5518.760,6880.557697.7311,27910.5017.8
10.APL Apollo Tubes2,152.7048.159,7720.4026310.945,6078.4528.0
Median: 52 Co.890.8825.75,6580.061,34527.009,31610.1418.3

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ CrJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
188227252405163262238411170210276553239
146191216325140213186317136177221437203
Operating Profit423636802349529334335511637
OPM %22%16%14%20%14%19%22%23%20%16%20%21%15%
Other Income886889787981410
Interest9998787766676
Depreciation14141415151616161617171717
Profit before tax27211965934367719193910724
31%33%34%28%43%31%30%27%33%33%30%27%32%
1914134652426561313287816
EPS in Rs1.000.740.682.470.281.271.363.000.690.691.484.160.88
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ CrMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
7138138598721,0731,0741,2091,278
5155685976148798569711,038
Operating Profit198245262258194218238240
OPM %28%30%31%30%18%20%20%19%
Other Income3620313830313841
Interest612212635292525
Depreciation2627335359636667
Profit before tax202226239217131156184189
21%26%26%28%30%29%29%29%
15816617715692111131135
EPS in Rs8.448.889.438.344.905.927.027.21
Dividend Payout %39%63%

Compounded Sales Growth

5 Years:
8%
3 Years:
11%
TTM:
18%

Compounded Profit Growth

5 Years:
-5%
3 Years:
-6%
TTM:
14%

Stock Price CAGR

5 Years:
16%
3 Years:
-2%
1 Year:
11%

Return on Equity

4 Years:
9%
Last Year:
9%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
Equity Capital187187187187
Reserves1,0981,1321,2281,345
489433350407
1,0891,1541,1501,282
Total Liabilities2,8632,9052,9153,221
1,0931,1131,1001,079
CWIP82852916
1,6881,7081,7862,126
Total Assets2,8632,9052,9153,221

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
-35216217155
-3-65-96-150
43-148-12616
Net Cash Flow42-621
Free Cash Flow-108136149105

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE—12.2%7.0%8.1%8.9%
ROCE—11.8%7.8%8.4%8.8%
Operating margin—25.8%14.5%16.2%15.9%
Net margin—18.4%8.9%10.5%11.1%
Debt / equity—0.380.330.250.27
Current ratio—2.182.282.612.52
Debtor days—136114142171
Inventory days—2,056946959841
Days payable—262968182
Cash conversion cycle—1,9309641,020930
Working capital days—405351382394

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

  • Promoters 74.00%
  • FIIs 2.09%
  • DIIs 7.30%
  • Public 16.61%
%Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%
0.95%1.08%1.27%1.42%1.26%1.65%1.34%1.37%1.25%1.32%2.56%2.09%
11.84%11.04%9.33%8.45%8.49%8.79%8.98%8.83%7.92%7.82%7.37%7.30%
13.21%13.89%15.40%16.13%16.25%15.56%15.68%15.79%16.82%16.86%16.06%16.61%
No. of Shareholders1,01,8081,23,0071,42,5591,53,2791,56,8881,57,1061,64,8911,62,1111,66,8111,64,3311,54,7621,56,612

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Mishra Dhatu Nigam

Holder (above 1%)Stake
HDFC Balanced Advantage FundMutual fund3.44%
Nippon India Small Cap FundMutual fund1.73%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 5.91% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date
23 Sep 2026
Latest quarter
30 Jun 2026
Financial year end
31 Mar 2026

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Latest news

In the news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Mishra Dhatu Nigam Limited

What is the share price of Mishra Dhatu Nigam Limited today?
Mishra Dhatu Nigam Limited (MIDHANI) last traded at ₹419.65 on NSE (16 Oct 2026, 3:30 PM IST). Prices may be delayed.
What is the market cap of Mishra Dhatu Nigam Limited?
About ₹7,862 crore at the latest price.
What is the P/E ratio of Mishra Dhatu Nigam Limited?
About 58.2 times its earnings over the last 12 months.
Is Mishra Dhatu Nigam Limited a good investment?
We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.
How can I buy Mishra Dhatu Nigam Limited shares?
You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.
Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).
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