Dive into the realm where strength and precision converge with Mishra Dhatu Nigam Limited (MIDHANI). Established in 1973 under the Ministry of Defence, MIDHANI is a beacon of metallurgical excellence, crafting superalloys, titanium, special purpose steel, and other exceptional metals. With the Indian government retaining a ~74% stake post its 2018 IPO, MIDHANI epitomizes resilience and innovation in the manufacturing sector. As a pivotal player in India’s industrial landscape, MIDHANI’s story is woven with threads of precision, durability, and national defense.
This conversation invites you to explore the intriguing narrative of a government enterprise that not only symbolizes India’s technological prowess but also plays a crucial role in shaping materials that transcend the ordinary.
About Mishra Dhatu Nigam
Mishra Dhatu Nigam Ltd (MIDHANI), established in 1973 as a Government of India Enterprise under the Ministry of Defence and headquartered in Hyderabad, is a leading manufacturer of specialized metals, including superalloys, titanium, and special-purpose steel. Despite its IPO in 2018, the Government of India retains a significant 74% stake in the company.
With a diverse product portfolio, MIDHANI specializes in high-value special steels such. Notably, it holds the distinction of being the sole manufacturer of titanium alloys in India.Geographically, MIDHANI’s revenue split demonstrates a shift, with 90% coming from domestic operations in FY22, compared to 98% in FY21. The remaining 10% is attributed to exports, showcasing a strategic diversification.
Catering to critical sectors like Defence, Space, Atomic Energy, and Aeronautics, MIDHANI plays a pivotal role in providing essential materials and alloys. The company operates manufacturing facilities in Hyderabad, Telangana, and Rohtak, Haryana, indicating its commitment to expanding production capabilities.
In collaboration with National Aluminium Co. Ltd, MIDHANI has a joint venture, Utkarsha Aluminium Dhatu Nigam Ltd, focused on establishing a high-end Aluminum Alloy production plant at Nellore. The company also places a strong emphasis on research and development, evident in its investments, collaborations, and numerous patents and intellectual property rights.
Looking ahead, MIDHANI’s strategic goals include geographical expansion, market diversification into sectors like oil and gas, mining, power, railways, chemical, and fertilizers. The company’s heightened focus on research and development underscores its commitment to innovation and staying at the forefront of the specialized metals industry.
Recent News Around Mishra Dhatu Nigam
- Mishra Dhatu Nigam Ltd’s closing stock price on November 13 was ₹362, reflecting a marginal decrease of 0.33%.
- The company’s market capitalization stands at ₹6,782 crore.
- The current stock price fluctuates between a high of ₹477 and a low of ₹172.
- With a stock P/E ratio of 49.5, it indicates the market’s expectation for future earnings growth.
- The book value per share is ₹70.4, providing insights into the company’s net asset value.
- Mishra Dhatu Nigam Ltd offers a dividend yield of 0.93%, attracting income-oriented investors.
- The Return on Capital Employed (ROCE) is robust at 14.6%, indicating efficient capital utilization.
- The Return on Equity (ROE) is at 12.6%, showcasing the company’s profitability relative to shareholders’ equity.
Mishra Dhatu Nigam Q1 Fy2024 Key Points And Summary:
- Q1 FY2024 witnessed a remarkable 60% YoY sales surge, signaling robust revenue growth for MIDHANI.
- The Rohtak facility contributed 30%, reflecting a positive trend, especially for new projects and expansions.
- Order bookings exceeded 500 Crores, showcasing strength in defense, aerospace, and international interest in MIDHANI’s materials.
- The company successfully fulfilled a trial order from Rolls Royce, positioning itself for future opportunities in aerospace.
- The current order book stands at Rs. 1578 Crores, spanning defense, aerospace, railways, and other sectors.
- MIDHANI targets over Rs. 100 Crores in export orders, underscoring global demand for its offerings.
- Planned capex of 80 Crores includes an aerospace fasteners plant and expanding titanium capacity.
- MIDHANI aims for a sustainable EBITDA margin of 25-30%, emphasizing sector-specific dynamics and competitive factors.
Mishra Dhatu Nigam Share Price Target 2024 To 2030
Mishra Dhatu Nigam Share Price Target 2024
| When | Maximum Price | Minimum Price |
| January 2024 | ₹396.10 | ₹344.44 |
| February 2024 | ₹404.18 | ₹351.47 |
| March 2024 | ₹412.43 | ₹358.64 |
| April 2024 | ₹400.42 | ₹348.19 |
| May 2024 | ₹394.50 | ₹343.05 |
| June 2024 | ₹408.71 | ₹355.40 |
| July 2024 | ₹404.62 | ₹351.84 |
| August 2024 | ₹420.80 | ₹365.92 |
| September 2024 | ₹437.64 | ₹380.55 |
| October 2024 | ₹429.05 | ₹373.09 |
| November 2024 | ₹441.93 | ₹384.28 |
| December 2024 | ₹452.97 | ₹393.89 |
For the year 2024, the expected highest prices for the months range from ₹396.10 in January to ₹452.97 in December. On the other hand, the anticipated lowest prices span from ₹344.44 in January to ₹393.89 in December. These projections offer a comprehensive view of potential price fluctuations throughout the year, aiding investors in making informed decisions.
Mishra Dhatu Nigam Share Price Target 2025
| when | Maximum Price | Minimum Price |
| January 2025 | ₹462.03 | ₹355.41 |
| February 2025 | ₹473.88 | ₹364.52 |
| March 2025 | ₹492.36 | ₹378.74 |
| April 2025 | ₹482.71 | ₹371.31 |
| May 2025 | ₹468.65 | ₹360.50 |
| June 2025 | ₹489.74 | ₹376.72 |
| July 2025 | ₹480.13 | ₹369.33 |
| August 2025 | ₹494.98 | ₹380.76 |
| September 2025 | ₹512.31 | ₹394.08 |
| October 2025 | ₹525.63 | ₹404.33 |
| November 2025 | ₹538.77 | ₹414.44 |
| December 2025 | ₹552.24 | ₹424.80 |
In 2025, the projected highest stock prices fluctuate, starting at ₹462.03 in January and reaching ₹552.24 in December. Conversely, the expected lowest prices span from ₹355.41 in January to ₹424.80 in December. This forecast provides a valuable overview, aiding investors in anticipating potential market trends and making well-informed decisions. Notably, January commences with a lower range, and December concludes on a higher note, encapsulating the potential price dynamics throughout the year.
Mishra Dhatu Nigam Share Price Target 2026 To 2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹579.85 | ₹405.90 |
| 2027 | ₹637.84 | ₹446.49 |
| 2028 | ₹892.97 | ₹446.49 |
| 2029 | ₹773.13 | ₹386.57 |
| 2030 | ₹1,005.07 | ₹703.55 |
- In 2026, the anticipated highest price is ₹579.85, while the lowest is expected to be ₹405.90.
- Moving to 2027, projections suggest a peak of ₹637.84 and a low of ₹446.49.
- Looking ahead to 2028, the forecasted highest price is ₹892.97, with a corresponding minimum of ₹446.49.
- For 2029, expectations indicate a maximum of ₹773.13 and a minimum of ₹386.57.
- Finally, in 2030, the projected highest price is ₹1,005.07, and the anticipated lowest is ₹703.55.
These estimates provide insights into potential price fluctuations, aiding investors in strategic decision-making.
Mishra Dhatu Nigam Financial Condition (Last 5 Years)
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
| Sales + | 711 | 713 | 813 | 859 | 872 | 991 |
| Expenses + | 526 | 514 | 567 | 596 | 613 | 748 |
| Operating Profit | 185 | 199 | 246 | 263 | 259 | 244 |
| OPM % | 26% | 28% | 30% | 31% | 30% | 25% |
| Other Income + | 37 | 36 | 20 | 31 | 38 | 37 |
| Interest | 7 | 7 | 13 | 23 | 27 | 33 |
| Depreciation | 23 | 26 | 27 | 33 | 53 | 56 |
| Profit before tax | 191 | 202 | 226 | 239 | 217 | 192 |
| Tax % | 32% | 21% | 26% | 26% | 28% | |
| Net Profit + | 131 | 160 | 166 | 176 | 156 | 137 |
| EPS in Rs | 6.97 | 8.53 | 8.88 | 9.41 | 8.32 | 7.32 |
| Dividend Payout % | 31% | 30% | 31% | 33% | 0% |
Sales Growth: Steady increase from ₹711 crore in March 2019 to ₹991 crore in the trailing twelve months (TTM).
Operating Profit: Demonstrated growth, reaching ₹244 crore in the TTM, with a slight dip from the peak of ₹263 crore in March 2022.
Operating Profit Margin: Remained robust, hovering around 30%, indicating efficient cost management.
Net Profit: Displayed a similar trend to operating profit, with a peak of ₹176 crore in March 2022 and settling at ₹137 crore in the TTM.
Earnings Per Share (EPS): Experienced growth from ₹6.97 in March 2019 to ₹7.32 in the TTM, showcasing positive shareholder value.
Dividend Payout Percentage: Decreased to 0% in the recent period, suggesting a shift in the company’s dividend distribution strategy.
Financial Stability: Despite a minor decline in profits, the overall financial performance indicates stability and strategic adaptation.
Investor Consideration: Emphasizes the importance of monitoring future developments for investors.
The financial analysis of the company over the past few years reveals a consistent growth trajectory in sales and operating profit, showcasing effective management. The operating profit margin has remained robust, reflecting efficient cost controls. Despite a temporary dip in net profit, the
earnings per share (EPS) have steadily increased, indicating positive shareholder value. However, the decision to halt dividend payouts in the recent period may signal a shift in the company’s financial strategy.
The stability in financial performance positions the company well, but investors should remain vigilant for future developments.
FAQS
What Is The Current Share Price Of Mishra Dhatu Nigam Ltd.?
As of the most recent data available, Mishra Dhatu Nigam’s current share price stands at ₹ 362, reflecting the valuation of its shares in the current market conditions.
What Is The Price Target For Mishra Dhatu Nigam Ltd. For 2024?
The price target for Mishra Dhatu Nigam Ltd. is expected to range between ₹344.44 (minimum) and ₹452.97 (maximum).
What Is The Price Target For Mishra Dhatu Nigam Ltd. For 2025?
The price target for Mishra Dhatu Nigam Ltd. is expected to range between ₹371.31 (minimum) and ₹552.24 (maximum).
What Is The Price Target For Mishra Dhatu Nigam Ltd. For 2030?
The price target for Mishra Dhatu Nigam Ltd. is expected to range between ₹703.55 (minimum) and ₹1,005.07 (maximum).
What Has Been Mishra Dhatu Nigam Ltd.’s Net Profit In The Last 5 Years?
Mishra Dhatu Nigam Ltd.’s net profits in the last 5 years were ₹131 crore (Mar 2019), ₹160 crore (Mar 2020), ₹166 crore (Mar 2021), ₹176 crore (Mar 2022), and ₹156 crore (TTM Mar 2023).
Should One Invest In Mishra Dhatu Nigam Ltd.?
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Welspun Corp, priced at Rs. 523.80 with a P/E of 16.93, stands out with extraordinary QoQ profit growth at an impressive 779.75%, hinting at potential undervaluation. Meanwhile, Mah. Seamless, with a current market price of Rs. 824.60 and a P/E of 10.24, demonstrates stable QoQ sales growth at 8.55% and offers a healthy dividend yield of 0.61%.
Considering the broader landscape, Usha Martin, Godawari Power, Sarda Energy, and Mishra Dhatu Nig present unique facets that warrant a closer look. Each exhibits distinctive features, such as sales growth, dividend yield, and profitability, emphasizing the importance of a nuanced and individualized approach to investment decisions.
Moreover, the median values derived from a pool of 69 companies provide a benchmark for comparison, enabling investors to contextualize the performance of specific entities. This comprehensive analysis underscores the significance of considering various factors and conducting due diligence to align investment choices with individual goals and risk tolerance.
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