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Mishra Dhatu Nigam Ltd (MIDHANI)

₹461.40.84%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Performance

  • Day's Low

    Day's High

    ₹457.65
    ₹474.85
  • 52 Week's Low

    52 Week's High

    ₹244.55
    ₹547.5
1 Month Return-3.99 %
3 Month Return+ 25.05 %
1 Year Return+ 61.02 %
Previous Close₹457.55
Open₹465.00
Volume53.27L
Upper Circuit-
Lower Circuit-
Market Cap₹8,571.74Cr

Analyst Rating

based on 1 analysts

SELL
0.00%
Buy
0.00%
Hold
100.00%
Sell

Based on 1 analysts offering long term price targets for Mishra Dhatu Nigam Ltd. An average target of ₹360

Source: S&P Global Market Intelligence

Company Information

Mishra Dhatu Nigam Ltd (MDNL) was incorporated in 1972 by the Government of India. It is a public sector enterprise under the Ministry of Defence, and is the largest manufacturer of special steels and alloys in India. MDNL is engaged in the production of a variety of special steels, alloys and super alloys for defence, aerospace, atomic energy, power and other industries. Its lines of business include steel melting, forging, machining, and heat treatment. MDNL is also involved in the production of high-grade raw materials for the manufacture of special steels and alloys.

The company's top products include special steels, alloys and super alloys, such as stainless steels, tool steels, alloy steels, high-speed steels, and maraging steels. MDNL's popular brands include Durgapur Steel, Durgapur Special, Durgapur Alloy, and Durgapur Super. These products are widely used in the defence, aerospace, atomic energy, power, and other industries.

Share Price: ₹461.40 per share as on 18 Jun, 2024 04:01 PM
Market Capitalisation: ₹8,571.74Cr as of today
Revenue: ₹393.08Cr as on March 2024 (Q1 24)
Net Profit: ₹46.34Cr as on March 2024 (Q1 24)
Listing date: 04 Apr, 2018
Chairperson Name: S K Jha
OrganisationMishra Dhatu Nigam Ltd
Headquarters
IndustryAerospace & Defence
E-voting on sharesClick here to vote

Key events for Mishra Dhatu Nigam Ltd

  • Mishra Dhatu Nigam in Talks with Pratt & Whitney for Engine Component Supply - 18 Jun, 2024

    State-run company Mishra Dhatu Nigam Limited (Midhani) is reportedly in talks with aircraft engine manufacturer Pratt & Whitney (P&W) to supply engine components, potentially playing a crucial role as a key player in the global supply chain. The deal could boost its Make-In-India efforts and investors reacted positively to the news.

  • Green Field Defence Testing Facility to be Established in Lucknow Node of UP Defence Industrial Corridor - 10 Jun, 2024

    A collaborative effort among key industry players including Mishra Dhatu Nigam, Hindustan Aeronautics, Bharat Dynamics, Yantra India, PTC Industries and Uttar Pradesh Expressways Industrial Development Authority is establishing a Green Field Defence Testing Facility named Advanced Materials (Defence) Testing Foundation. The Government of India will fund 75% of the project cost, with the remaining 25% funded by the SPV members, totalling an approximate cost of Rs. 53 crore.

  • Mishra Dhatu Nigam Q4 Net Sales Up 17.68% YoY - 04 Jun, 2024

    Mishra Dhatu Nigam's standalone net sales for March 2024 were Rs. 405.50 crore, up 17.68% YoY. However, quarterly net profit was down by 29.85% YoY to Rs. 46.38 crore. The company's EPS has also decreased from Rs. 3.53 in March 2023 to Rs. 2.48 in March 2024. The stock has given returns of 18.43% over the last 6 months and 91.84% over the last 12 months.

  • Mishra Dhatu Nigam Reports Decrease in Net Income, Increase in Revenue - 31 May, 2024

    Mishra Dhatu Nigam's net income decreased by 41% from FY 2023, but revenue increased by 27%. EPS also decreased. Shares are down 12% from a week ago. However, the company is forecasted to have an 18% p.a. revenue growth for the next two years compared to 9.7% for the industry.

  • Mishra Dhatu Nigam Q4 Profit Declines - 30 May, 2024

    Mishra Dhatu Nigam Ltd reported a 30% decline in quarterly net profit to ₹46.3 crore while revenue jumped 17.7% to ₹405.5 crore.

  • India Owns 74% of Mishra Dhatu Nigam Ltd - 21 May, 2024

    Mishra Dhatu Nigam Limited's largest shareholder is the Indian government, owning a 74% stake in the company. The general public holds a 14% stake.

Insights on Mishra Dhatu Nigam Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, MIDHANI stock has moved up by 5.9%

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.95% to 1.08% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 195.9 Cr → 413.63 Cr (in ₹), with an average increase of 21.1% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 12.8 Cr → 46.34 Cr (in ₹), with an average increase of 72.4% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 13.21% to 13.89% in Mar 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.00% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bharat Forge Ltd has given 108.0% return, outperforming this stock by 47.0%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 171.0% return, outperforming this stock by 44.4%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 10.07% to 9.32% in Mar 2024 quarter

Mishra Dhatu Nigam Ltd Valuation

Mishra Dhatu Nigam Ltd in the last 5 years

  • Overview

  • Trends

Lowest (16.77x)

June 22, 2022

Industry (78.32x)

June 14, 2024

Today (93.57x)

June 14, 2024

Highest (99.78x)

May 21, 2024

LowHigh

Mutual Fund Holdings

Funds Holdings
HDFC Balanced Advantage Fund Direct Plan Growth OptionHDFC Balanced Advantage Fund Direct Plan Growth Option0.67%
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.13%
Nippon India Power & Infra Fund - Direct Plan - GrowthNippon India Power & Infra Fund - Direct Plan - Growth0.59%
Nippon India Retirement Fund - Wealth Creation Scheme - Direct GrowthNippon India Retirement Fund - Wealth Creation Scheme - Direct Growth1.08%
DSP India T.I.G.E.R. Fund - Direct Plan - GrowthDSP India T.I.G.E.R. Fund - Direct Plan - Growth0.53%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
74%
0.00
Foreign Institutions
1.08%
0.00
Mutual Funds
9.32%
0.00
Retail Investors
13.89%
0.00
Others
1.72%
0.00

Frequently Asked Questions

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Mishra Dhatu Nigam Ltd (MIDHANI) share price today is ₹461.4

Mishra Dhatu Nigam Ltd is listed on NSE

Mishra Dhatu Nigam Ltd is listed on BSE

  • Today’s highest price of Mishra Dhatu Nigam Ltd is ₹474.85.
  • Today’s lowest price of Mishra Dhatu Nigam Ltd is ₹457.65.

PE Ratio of Mishra Dhatu Nigam Ltd is 93.57

PE ratio = Mishra Dhatu Nigam Ltd Market price per share / Mishra Dhatu Nigam Ltd Earnings per share

Today’s traded volume of Mishra Dhatu Nigam Ltd(MIDHANI) is 53.27L.

Today’s market capitalisation of Mishra Dhatu Nigam Ltd(MIDHANI) is ₹8571.74Cr.

Mishra Dhatu Nigam Ltd(MIDHANIPrice
52 Week High
₹547.5
52 Week Low
₹244.55

Mishra Dhatu Nigam Ltd(MIDHANI) share price is ₹461.4. It is down -15.73% from its 52 Week High price of ₹547.5

Mishra Dhatu Nigam Ltd(MIDHANI) share price is ₹461.4. It is up 88.67% from its 52 Week Low price of ₹244.55

Mishra Dhatu Nigam Ltd(MIDHANIReturns
1 Day Returns
3.85%
1 Month Returns
-3.99%
3 Month Returns
25.05%
1 Year Returns
61.02%