MIDHANI
Mishra Dhatu Nigam Limited (MIDHANI) Stock Analysis
Mishra Dhatu Nigam Limited is a public-sector specialist metals company producing superalloys and special steels for aerospace, defence, and power applications. It supplies ISRO, DRDO, and domestic OEMs from Hyderabad facilities. Order book is driven by defence and space programmes. It is listed on Indian stock exchanges.
Basic Materials › Steel
₹396.10
-2.23% 1W | +3.10% 52W
Market Cap
7.4k CR
P/E Ratio
54.9
52W High
₹482.4
52W Low
₹266.6
Div. Yield
0.63%
Beta
0.7
50 DMA
₹413.3
200 DMA
₹392.3
Profit Margin
10.6%
Inst. Own.
7.8%
⚡ APPROACHING SUPPORT
⚡ APPROACHING SUPPORT
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 188 | 227 | 252 | 406 | 163 | 262 | 238 | 411 | 170 | 210 | 276 | 553 | 239 |
| Expenses | 146 | 191 | 216 | 325 | 140 | 213 | 186 | 317 | 136 | 177 | 221 | 437 | 203 |
| Operating Profit | 42 | 36 | 36 | 80 | 23 | 49 | 52 | 93 | 34 | 33 | 55 | 116 | 37 |
| OPM % | 22% | 16% | 14% | 20% | 14% | 19% | 22% | 23% | 20% | 16% | 20% | 21% | 15% |
| Other Income | 8 | 8 | 7 | 8 | 8 | 9 | 7 | 8 | 7 | 9 | 8 | 15 | 10 |
| Interest | 9 | 9 | 9 | 8 | 7 | 8 | 7 | 7 | 6 | 6 | 6 | 7 | 6 |
| Depreciation | 14 | 14 | 14 | 15 | 15 | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 |
| Profit before tax | 27 | 21 | 19 | 65 | 9 | 34 | 36 | 77 | 19 | 19 | 39 | 107 | 24 |
| Tax % | 30% | 33% | 33% | 28% | 42% | 30% | 30% | 27% | 32% | 33% | 29% | 27% | 32% |
| Net Profit | 19 | 14 | 13 | 46 | 5 | 24 | 26 | 56 | 13 | 13 | 28 | 78 | 16 |
| EPS in Rs | 1.00 | 0.74 | 0.68 | 2.47 | 0.28 | 1.27 | 1.36 | 3.00 | 0.69 | 0.69 | 1.48 | 4.16 | 0.88 |
| Metric | 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 |
| Expenses | 526 | 515 | 567 | 596 | 613 | 878 | 855 | 970 | 1,038 |
| Operating Profit | 185 | 197 | 246 | 263 | 259 | 195 | 219 | 239 | 240 |
| OPM % | 26% | 28% | 30% | 31% | 30% | 18% | 20% | 20% | 19% |
| Other Income | 37 | 36 | 20 | 32 | 38 | 30 | 32 | 39 | 42 |
| Interest | 7 | 7 | 13 | 23 | 27 | 35 | 30 | 26 | 25 |
| Depreciation | 23 | 26 | 27 | 33 | 53 | 59 | 63 | 66 | 67 |
| Profit before tax | 191 | 200 | 226 | 239 | 217 | 131 | 157 | 185 | 190 |
| Tax % | 32% | 21% | 26% | 26% | 28% | 30% | 29% | 29% | |
| Net Profit | 131 | 158 | 166 | 177 | 156 | 92 | 111 | 131 | 135 |
| EPS in Rs | 6.97 | 8.44 | 8.88 | 9.43 | 8.34 | 4.90 | 5.92 | 7.02 | 7.21 |
| Dividend Payout % | 31% | 30% | 31% | 33% | 40% | 29% | 25% | 30% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 12.0% | 8.0% | – |
| Profit CAGR | -6.0% | -5.0% | – |
Shareholding Pattern
Promoters74.00%
FIIs1.34%
DIIs8.98%
Public15.69%
Promoters74.00%
FIIs1.37%
DIIs8.83%
Public15.80%
Promoters74.00%
FIIs1.25%
DIIs7.92%
Public16.82%
Promoters74.00%
FIIs1.32%
DIIs7.81%
Public16.85%
Promoters74.00%
FIIs2.57%
DIIs7.37%
Public16.06%
Promoters74.00%
FIIs0.58%
DIIs13.82%
Public11.61%
Promoters74.00%
FIIs1.07%
DIIs11.04%
Public13.88%
Promoters74.00%
FIIs1.65%
DIIs8.79%
Public15.55%
Promoters74.00%
FIIs1.32%
DIIs7.81%
Public16.85%
Promoters74.00%
FIIs2.57%
DIIs7.37%
Public16.06%
MIDHANI
Holdings Analysis
Key strengths & risk signals
59
Overall
62
Fundamental
56
Technical
Risks (4)
Cannot calculate PEG - insufficient growth data.
RECOVERY MODE! Current price (396.1) above 200-day but below 50-day.
NEGATIVE MOMENTUM! Price declined across timeframes - down 2.2% (1 week), 9.7% (1 month), 11.0% (3 months).
POSITIVE YEAR! Stock gained 3.1% in the last year.
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (413.3) is above 200-day average (392.3) - positive signal.
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
UPPER HALF! Trading at 60.0% of 52W range - positive territory.
Fundamental & Technical Analysis
59Overall
62Fundamental
56Technical
Fundamental Breakdown
Growth Quality
13/30
Revenue CAGR: 11.6% (GOOD, 11/15). Profit CAGR: -5.6% (DECLINING, 2/15).
Profit Margin
5/10
DECENT EFFICIENCY! 10.6% profit margin - acceptable profitability.
PEG Valuation
1/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.63% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 11.93% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (413.3) is above 200-day average (392.3) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (396.1) above 200-day but below 50-day.
Trend Pattern
10/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
4/10
POSITIVE YEAR! Stock gained 3.1% in the last year.
Volume Sentiment
15/30
BEARISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 1,198,376 vs down days: 1,234,418. Ratio: 0.97x
RSI
3/5
NEUTRAL! RSI at 40.2 - balanced momentum.
52W Range
4/5
UPPER HALF! Trading at 60.0% of 52W range - positive territory.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 2.2% (1 week), 9.7% (1 month), 11.0% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
MIDHANI
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-06-06 | Concall PDF | |
| Q3FY262026-02-21 | Concall PDF | |
| Q2FY262025-11-19 | Concall PDF |
Peer Comparison
Basic Materials · Steel · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MIDHANI | ₹396.10 | 54.9 | 10.6% | 11.6% | -5.6% | +3.1% | 59 | APPROACHING SUPPORT | +26.9% | -78.8% | +34.9% | -57.2% |
| SUNFLAG | ₹400.10 | 35 | 5.1% | 4.0% | -43.4% | +45.3% | 59 | CONSOLIDATION | +5.4% | +92.4% | +6.5% | +7.8% |
| MAHSEAMLES | ₹571.80 | 10.4 | 16.0% | -6.5% | -2.8% | +4.7% | 56 | BREAKDOWN | +15.7% | +159.1% | -4.7% | -14.8% |
| MANINDS | ₹840.90 | 30.9 | 5.3% | 16.5% | 36.5% | +109.4% | 73 | BREAKDOWN | -13.0% | -52.8% | +41.9% | -9.0% |
| JAIBALAJI | ₹67.50 | 31.5 | 3.0% | -1.8% | 31.0% | -25.5% | 62 | BREAKOUT | +191.3% | -9.4% | +22.1% | -1.8% |
| SANDUMA | ₹179.80 | 10.4 | 15.0% | 33.5% | 34.3% | -14.2% | 71 | BREAKOUT | +87.9% | +14.6% | +22.2% | +9.6% |
| JAYNECOIND | ₹89.70 | 12.7 | 8.6% | 4.0% | 26.9% | +22.6% | 62 | APPROACHING RESISTANCE | – | +18.5% | – | +4.2% |
| GOODLUCK | ₹559.70 | 25.9 | 4.4% | 10.0% | 27.6% | +44.5% | 76 | BREAKOUT | +15.3% | -23.1% | +37.9% | +6.0% |
Data from TradeAlone · Updated daily
MIDHANI News
Mishra Dhatu Nigam Limited (midhani) Signs Mou for Nickel and Cobalt Recovery2026-10-27Mishra Dhatu Nigam Limited (MIDHANI) sees profit-taking after breakout, falls 5%2026-08-14Mishra Dhatu Nigam Limited (MIDHANI) breaks out, gains 11% intraday2026-08-13Mishra Dhatu Nigam Limited (MIDHANI) breaks out, gains 6% intraday2026-08-13Mishra Dhatu Nigam Limited (midhani) Secures S400 Approval from Geaerospace2026-08-13Mishra Dhatu Nigam Limited (MIDHANI) sees profit-taking after breakout, falls 5%2026-08-12Mishra Dhatu Nigam Limited (MIDHANI) clears resistance, moves up 5%2026-08-06Mishra Dhatu Nigam Limited (MIDHANI) pulls back after breakout, pulls back after down 5% intraday2026-06-25
