



General Industrials | Small Cap
Mishra Dhatu Nigam Ltd, operating within the General Industrials (Capital Goods) sector, exhibits a mixed financial performance. The company demonstrates strong solvency, driven by a solid equity position and minimal debt. Its growth is fueled by operating profit and asset expansion, while interest coverage is adequate. However, liquidity is concerning due to low current, quick, and cash ratios. Efficiency is also a challenge, with low turnover ratios and high days sales in inventory. Profitability is mixed, with a good return on capital employed but low margins and returns on equity and assets. These factors present both opportunities and risks for the company in a competitive landscape.
Mishra Dhatu Nigam Ltd, operating within the General Industrials (Capital Goods) sector, exhibits a mixed financial performance. The company demonstrates strong solvency, driven by a solid equity position and minimal debt. Its growth is fueled by operating profit and asset expansion, while interest coverage is adequate. However, liquidity is concerning due to low current, quick, and cash ratios. Efficiency is also a challenge, with low turnover ratios and high days sales in inventory. Profitability is mixed, with a good return on capital employed but low margins and returns on equity and assets. These factors present both opportunities and risks for the company in a competitive landscape.
Overall Valuation Score
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Price Movement Indicator
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P/E RATIO (TTM)
59.81
Industry Median
38.80
Small Cap Median
27.98
P/E RATIO
59.47
P/B RATIO
5.10
Industry Median
8.52
Small Cap Median
5.39
P/S RATIO
6.60
Industry Median
7.92
Small Cap Median
5.42
Others
PEG RATIO
-12.84
EV/EBITDA RATIO
28.74
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹417.45 as on Sep 1, 2026.
The company's growth ratios present a mixed picture. Operating profit and asset growth rates are positive, indicating expansion in core operations and asset base. However, revenue and net income growth rates are low, and earnings per share growth is negative. This suggests that while the company is growing in some areas, it faces challenges in translating this growth into increased profitability and shareholder value.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 5.66 | 1.51 | 23.05 | 0.09 | 12.57 |
| Operating Profit Growth Rate | 6.91 | -1.52 | -24.71 | 12.31 | 8.68 |
| Earnings Per Share (EPS) Growth | 6.19 | -11.56 | -41.25 | 20.82 | 18.58 |
| Asset Growth Rate | 13.01 | 3.02 | 1.47 | 0.34 | 10.5 |
| Net Income Growth Rate | 6.63 | -11.86 | -41.03 | 20.65 | 18.02 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Paras Defence and Space Technologies Ltd | 7.49 | 126.27 | Highly Overvalued | 120.00 | 10.32 | 89.00 |
| 2 | MTAR Technologies Ltd | 7.40 | 254.40 | Highly Overvalued | 171.00 | 30.99 | 94.00 |
| 3 | Apollo Micro Systems Ltd | 6.27 | 120.09 | Highly Overvalued | 218.00 | 3.24 | 107.00 |
| 4 | Mishra Dhatu Nigam Ltd | 5.39 | 59.47 | Overvalued | 238.00 | 6.98 | 131.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
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Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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Mishra Dhatu Nigam Ltd (MIDHANI) is a specialized metals and alloys manufacturer for critical sectors like aerospace, defense, and nuclear power. It produces superalloys, titanium alloys, special steels, and other advanced materials, playing a strategic role in India's self-reliance in these high-technology areas.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Mishra Dhatu Nigam Ltd's P/E ratio (TTM) is 59.81, compared to the industry median of 38.80 and large cap median of 27.98.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Mishra Dhatu Nigam Ltd's P/B ratio is 5.10, compared to the industry median of 8.52 and large cap median of 5.39.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Mishra Dhatu Nigam Ltd's P/S ratio is 6.60, compared to the industry median of 7.92 and large cap median of 5.42.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Mishra Dhatu Nigam Ltd's PEG ratio is -12.84.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Mishra Dhatu Nigam Ltd's EV/EBITDA ratio is 28.74.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Mishra Dhatu Nigam Ltd's ROE is 8.55%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Mishra Dhatu Nigam Ltd's ROA is 7.39%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Mishra Dhatu Nigam Ltd's ROCE is 11%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Mishra Dhatu Nigam Ltd's operating margin is 19.69%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Mishra Dhatu Nigam Ltd's net margin is 10.84%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Mishra Dhatu Nigam Ltd's current ratio is 1.37.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Mishra Dhatu Nigam Ltd's debt-to-equity ratio is 0.09.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Mishra Dhatu Nigam Ltd's interest coverage ratio is 8.40.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Mishra Dhatu Nigam Ltd's DPS is ₹1.26.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Mishra Dhatu Nigam Ltd's EPS is 18.58.
(Source line: "Ratios as of 21 Oct 2026, based on last traded price of ₹417.45. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1973
Headquarters: Hyderabad, Telangana
Core Offerings: Superalloys, Titanium Alloys, Special Steels, Other Special Metals & Alloys, Strategic Products
Stock Listing: NSE (MIDHANI), BSE (541195)
Promoter: Government of India
Founded in 1973 as a Government of India Enterprise under the Ministry of Defence with the objective of achieving self-reliance in strategic materials. It commenced commercial production in 1982. Over the years, MIDHANI has expanded its product portfolio and capabilities, becoming a key supplier for India's strategic programs. The company was listed on the stock exchanges in March 2018 following an Initial Public Offering (IPO).
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Superalloys | 36.3% | Operating Profit |
| Titanium Alloys | 30.8% | Operating Profit |
| Special Steels | 25.2% | Operating Profit |
| Other Products | 6.9% | Operating Profit |
Superalloys: Manufacturing high-performance alloys for aerospace engine components, gas turbines, and industrial applications requiring high temperature and corrosion resistance.
Titanium & Titanium Alloys: Production of various grades of titanium alloys used in aerospace structures, medical implants, and chemical industries due to their high strength-to-weight ratio and corrosion resistance.
Special Steels: Development and production of specialized steel grades including maraging steels, ultra-high strength steels, and other performance steels for defense, space, and nuclear sectors.
Strategic Products: Includes specialized products like armor solutions, welding consumables, and other customized material solutions for critical national security applications.
Dr. S K Jha - Chairman & Managing Director. Appointed CMD w.e.f 01.11.2021, he holds a Ph.D. in Mechanical Engineering and has over 30 years of experience in strategic materials, R&D, production, and corporate planning.
No major wholly-owned subsidiaries reported, though it participates in several strategic joint ventures such as MIDHANI Defence Materials Technology Centre Private Limited (JV with DRDO) and MIDHANI Aluminium Limited (JV with NALCO).
Bonus Issue: 1:1 in July 2022.
The Mishra Dhatu Nigam Ltd share price today is ₹417.45 on NSE (MIDHANI), as of 23 Oct 2026.
As of 21 Oct 2026, Mishra Dhatu Nigam Ltd share price is ₹417.45, with previous close ₹417.45. Today's range is ₹417.45 to ₹417.45. The 52-week range is ₹266.65 to ₹482.40.
As of today, Mishra Dhatu Nigam Ltd's market cap is ₹7,981.64 crore (Mid Cap).
Mishra Dhatu Nigam Ltd's current P/E ratio is 59.81, compared to the GENERAL INDUSTRIALS sector average of 48.
Mishra Dhatu Nigam Ltd's current P/B ratio is 5.10.
Mishra Dhatu Nigam Ltd's current dividend yield is 0.30%. Last dividend of ₹1.24 per share was declared on 20-Feb-2024.
Mishra Dhatu Nigam Ltd's EPS (TTM) is ₹18.58.
Mishra Dhatu Nigam Ltd (MIDHANI) is a specialized metals and alloys manufacturer for critical sectors like aerospace, defense, and nuclear power. It produces superalloys, titanium alloys, special steels, and other advanced materials, playing a strategic role in India's self-reliance in these high-technology areas.
Mishra Dhatu Nigam Ltd is promoted by Government of India, holding 74% as of 21 Oct 2026.
Mishra Dhatu Nigam Ltd is listed on NSE (MIDHANI) and BSE (541195). Its next quarterly results are expected on August 2024 (Q1 FY25).