Is Mishra Dhatu Nigam (MIDHANI) overvalued or fairly valued?

MarketChacha shows Mishra Dhatu Nigam's valuation in context — a forward P/E of about 32.8, a price-to-book of about 5.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Mishra Dhatu Nigam's revenue?

Mishra Dhatu Nigam reported revenue of ₹1,209 Cr for FY2026, with net profit of ₹131 Cr, per official filings.

What is the share price of Mishra Dhatu Nigam (MIDHANI)?

Mishra Dhatu Nigam last traded at ₹405.15 (-3.5% on the day), as of 10/19/2026 — a delayed quote shown for education, not investment advice.

Mishra Dhatu Nigam

MIDHANI · NSE · Defense · India

Snapshot

TickerMIDHANI

ExchangeNSE

SectorDefense

IndustrySteel

CountryIndia

Employees760

HeadquartersHyderabad, India

Websitewww.midhani-india.in

Filings tracked11

About Mishra Dhatu Nigam

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.

Who owns it

Promoters74.0%
Institutions7.8%
Public & other18.2%

27 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

Margin has compressed by about 7.1 points over the period — profitability is trending down.

Net margin trend17.9% → 10.8%

Margin has compressed by about 7.1 points over the period — profitability is trending down.

Growth qualityrev 9% · PAT -4%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next fiscal year

Rev ₹1,669 Cr · EPS 12.37

Est. earnings growth +27.9%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 4

Revenue (FY2026)

₹1,209 Cr

Net margin

10.8%

Revenue CAGR (3y)

+11.5%

Profit CAGR (3y)

-5.7%

Net profit (FY2026)

₹131 Cr

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Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹1,209 Cr	₹131 Cr	10.8%
FY2025	₹1,074 Cr	₹110 Cr	10.2%
FY2024	₹1,073 Cr	₹91 Cr	8.5%
FY2023	₹872 Cr	₹156 Cr	17.9%

Quarterly

Period	Revenue	Net profit
Q4 FY26	₹553 Cr	—
Q3 FY26	—	₹27 Cr
Q4 FY25	₹411 Cr	—
Q3 FY25	—	₹25 Cr

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

Filings & announcements

2026

Addendum To Notice Of 52Nd Annual General Meeting
Addendum to Notice of 52nd Annual General Meeting of MIDHANI scheduled on Wednesday - September 30, 2026 at 11:00 (IST) through VC/OAVM.
BSE9/21/2026material
Change in Directorate
Appointment and tenure end of Government Nominee Director on the Board of MIDHANI.
BSE9/17/2026
Appointment of Statutory Auditor/s
Re-appointment of Statutory Auditors for FY 2026-27.
BSE9/9/2026
Business Responsibility and Sustainability Reporting (BRSR)
BRSR for FY 2025-26
BSE9/8/2026
Notice Of 52Nd Annual General Meeting Of Members Of MIDHANI.
The 52nd Annual General Meeting of MIDHANI is scheduled to be held on Wednesday - September 30, 2026 through Video Conferencing at 1100 hrs.
BSE9/8/2026material
The Record Date For Final Dividend - FY 2025-26.
The record date for final dividend for FY 2025-26 is fixed as Wednesday, September 23, 2026.
BSE9/8/2026
Reg. 34 (1) Annual Report.
Annual Report for FY 2025-26 along with Notice of Annual General Meeting.
BSE9/8/2026
In Terms Of Regulation 30 SEBI LODR, BSE And NSE On August 25, 2026 Imposed A Fine On MIDHANI.
Fine imposed by BSE and National Stock Exchange of India Limited (NSE) on MIDHANI
BSE8/26/2026
Earnings Call Transcript
Transcript of Investor Conference call held on August 17, 2026 for Q1- MIDHANI
BSE8/22/2026
Change in Management
Appointment of Non-executive Independent Directors on the Board of MIDHANI
BSE8/21/2026
Change in Management
Shri Anand Kumar Kaluvala - GM (Production) has retired from MIDHANI w.e.f. August 1, 2026.
BSE8/2/2026

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.