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Mishra Dhatu Nigam Limited (MIDHANI.NS)

INR413.95 -2.75 (-0.66%)
IN NSE Basic Materials Steel
Address PO Kanchanbagh 500058
Hyderabad, IN
CEO Paul Antony
IPO 2018-04-04
ISIN INE099Z01011

Explore sections of this company profile

Also trades on Bombay Stock Exchange · MIDHANI.BO (INR) National Stock Exchange of India · MIDHANI.NS (INR)
Description

Mishra Dhatu Nigam Limited (MIDHANI), an Indian enterprise founded in Hyderabad in 1973, is a leading manufacturer and supplier of advanced metallic materials. The company's diverse product range encompasses superalloys, titanium, specialized steels, and various other high-performance metals. MIDHANI provides a comprehensive selection of special steel grades, including high-strength, austenitic, armour, maraging, and precipitation-hardening martensitic stainless steels, which are vital for aerospace and defense sector applications. Additionally, it produces nickel, iron, and cobalt-based superalloys that are indispensable across critical industries such as aeronautics, space exploration, nuclear power, chemical processing, petrochemicals, power generation, and high-temperature furnace operations. The company's offerings further extend to titanium and its alloys, soft magnetic alloys, controlled expansion alloys, heat-resistant alloys, specific-purpose alloys, and refractory metals. These advanced materials are available in various forms, including bars (standard, bright, and fine wire), hot and cold rolled sheets, strips, and open die forged products. Complementing its core metal production, MIDHANI also supplies specialized weld consumables, industrial fasteners, biomedical implants, and protective armour solutions.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR413.95 -2.75 (-0.66%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.65
Float Shares
48.71M
Free Float %
26.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.01% -0.60% +6.82% +20.29% +26.71% +21.27% +0.24% +92.25% +117.27% +362.52% +362.52%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
413.95
DCF (Unlevered) 33.01 -92.0%
DCF (Levered) 14.45 -96.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 +1
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.85
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Steel: +1.2%
    +12.5% Q1'26: +34.6% (vs Q1'25)
  • EPS growth Steel: +17.4%
    +18.8% Q1'26: +39.1% (vs Q1'25)
  • FCF margin FCF growth · Steel: +44.2%
    +4.3% Q1'26: -3.6% (vs Q1'25)
  • EBIT margin Steel: +5.8%
    +14.2% Q1'26: +18.0% (vs Q1'25)
  • ROIC Steel: +4.3%
    +7.0% Q1'26: +16.5% (vs Q1'25)
  • Share dilution Steel: +0.0%
    -0.2% Q1'26: -0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Steel: 0.57×
    1.71× Q1'26: 0.88× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.50) × ERP
WACC = 95% × Ke + 5% × Kd (6.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 33.02 Current price: 413.95
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
2 Rev. Ana.
2 EPS Ana.
Mar 2027
2 Rev. Ana.
2 EPS Ana.
Mar 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
7.13B
est: 7.88B (-9.6%)
8.13B
est: 7.83B (+3.9%)
8.59B
est: 8.60B (0.0%)
8.72B
est: 8.72B (+0.0%)
10.73B
est: 10.48B (+2.3%)
10.74B
est: 12.87B (-16.6%)
11.92B
11.82B – 12.03B
-7.4% YoY
13.47B
13.13B – 13.82B
+13.0% YoY
14.82B
13.80B – 15.84B
+10.0% YoY
EBITDA
2.32B
est: 2.29B (+1.6%)
2.66B
est: 2.17B (+22.2%)
2.95B
est: 2.49B (+18.1%)
2.96B
est: 3.26B (-9.1%)
2.25B
est: 2.77B (-18.8%)
2.49B
est: 3.40B (-26.8%)
3.15B
3.12B – 3.18B
-7.4% YoY
3.56B
3.47B – 3.65B
+13.0% YoY
3.92B
3.65B – 4.19B
+10.0% YoY
EBIT
2.06B
est: 1.90B (+8.6%)
2.38B
est: 1.71B (+39.3%)
2.62B
est: 2.07B (+26.3%)
2.43B
est: 2.56B (-5.3%)
1.66B
est: 2.21B (-24.8%)
1.85B
est: 2.71B (-31.6%)
2.51B
2.49B – 2.53B
-7.4% YoY
2.84B
2.77B – 2.91B
+13.0% YoY
3.12B
2.91B – 3.34B
+10.0% YoY
Net Income
1.58B
est: 1.78B (-11.1%)
1.66B
est: 1.57B (+6.0%)
1.77B
est: 1.86B (-4.9%)
1.56B
est: 1.57B (-0.6%)
917.82M
est: 783.64M (+17.1%)
1.11B
est: 1.55B (-28.7%)
1.31B
1.25B – 1.41B
-15.4% YoY
1.69B
1.63B – 1.74B
+28.2% YoY
2.00B
1.84B – 2.17B
+18.9% YoY
SGA
362.31M
est: 972.03M (-62.7%)
290.20M
est: 2.42B (-88.0%)
332.66M
est: 3.17B (-89.5%)
1.32B
est: 3.64B (-63.7%)
1.37B
est: 1.22B (+12.2%)
2.83B
est: 1.50B (+89.3%)
1.39B
1.37B – 1.40B
-7.4% YoY
1.57B
1.53B – 1.61B
+13.0% YoY
1.72B
1.60B – 1.84B
+10.0% YoY
EPS
8.44
est: 9.48 (-11.0%)
8.88
est: 9.40 (-5.5%)
9.43
est: 9.90 (-4.7%)
8.34
est: 8.30 (+0.5%)
4.90
est: 4.17 (+17.4%)
5.91
est: 8.30 (-28.8%)
7.10
6.65 – 7.55
-14.5% YoY
9.00
8.71 – 9.29
+26.8% YoY
10.70
9.83 – 11.57
+18.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-25 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-289.39M
OE per share TTM
-1.54
Owner's Yield
-0.37%
Maintenance CapEx ratio
642.50%
Maint CapEx / Avg PPE
110.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 6 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Matthews India Active ETF INDE INDE 0.51% 90.4K 0.79%
2 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.03% 182.5K 0.65%
3 WisdomTree Emerging Markets SmallCap Dividend UCITS ETF DGSD.L 0.02% 9.3K 0.54%
4 WisdomTree Emerging Markets SmallCap Dividend Fund DGS 0.02% 286.9K 0.58%
5 State Street SPDR Portfolio MSCI Global Stock Market ETF SPGM 0.00% 60.2K 0.09%
6 WisdomTree India Earnings Fund EPI 0.00% 20.1K 0.84%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.22M
Shares Outstanding
187.34M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Narayana Murty MD & Chairman 10M
Madhubala Kalluri Chief Financial Officer, Director of Finance & Director 7M female
Paul Antony Company Secretary & Compliance Officer 2M male
Padavittan Babu Director of Production & Marketing male
Spurthi Reddy Chief Vigilance Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits