Nifty
:
26027.30
Sensex
:
85213.36
-19.65 (-0.08%)
-54.30 (-0.06%)
Nifty
Sensex
:
:
26027.30
85213.36
-19.65 (-0.08%)
-54.30 (-0.06%)

Mishra Dhatu Nigam Ltd.

Defence

Rating :
44/99

BSE: 541195 | NSE: MIDHANI

NSE BSE
303.25
15-Dec-2025
  • Open
  • High
  • Low
  • Previous Close
  •  298.25
  •  305.1
  •  297.05
  •  300.55
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  321630
  •  97158602.6
  •  469
  •  226.93

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 5,669.85
  • 52.30
  • 10
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 5,870.68
  • 0.25%
  • 3.90

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 74.00%
  • 0.66%
  • 13.86%
  • FII
  • DII
  • Others
  • 1.37%
  • 8.72%
  • 1.39%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 4.13
  • 5.72
  • 7.20

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 3.92
  • -2.29
  • -3.27

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -0.70
  • -7.81
  • -10.82

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • 33.64
  • 60.15

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • 4.27
  • 4.96

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • 21.82
  • 27.40

Earnings Forecasts:

(Updated: 13-12-2025)
Description
2024
2025
2026
2027
Adj EPS
5.92
7.91
10.19
12.94
P/E Ratio
51.22
38.34
29.76
23.44
Revenue
1052.79
1219.25
1437.9
1699.7
EBITDA
218.05
265.55
326.45
401.65
Net Income
110.84
141
185
239.3
ROA
3.81
P/B Ratio
4.01
3.73
3.41
3.07
ROE
8.11
10.08
11.91
13.4
FCFF
132.61
801.46
3.97
154.89
FCFF Yield
2.25
13.61
0.07
2.63
Net Debt
298.74
619.9
595.3
711.7
BVPS
75.53
81.4
88.86
98.69

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Net Sales
209.73
262.12
-19.99%
170.50
163.45
4.31%
410.56
405.50
1.25%
237.97
251.97
-5.56%
Expenses
176.98
213.16
-16.97%
136.33
140.16
-2.73%
317.22
325.09
-2.42%
185.52
216.07
-14.14%
EBITDA
32.75
48.96
-33.11%
34.17
23.30
46.65%
93.34
80.40
16.09%
52.45
35.90
46.10%
EBIDTM
15.62%
18.68%
20.04%
14.25%
22.74%
19.83%
22.04%
14.25%
Other Income
8.93
8.54
4.57%
7.12
7.77
-8.37%
7.60
8.13
-6.52%
7.01
6.22
12.70%
Interest
5.79
7.88
-26.52%
6.17
6.85
-9.93%
7.43
8.40
-11.55%
7.29
8.74
-16.59%
Depreciation
16.77
15.69
6.88%
16.12
15.27
5.57%
16.35
15.46
5.76%
16.18
14.46
11.89%
PBT
19.13
33.92
-43.60%
19.00
8.96
112.05%
77.16
64.67
19.31%
35.99
18.92
90.22%
Tax
6.35
10.37
-38.77%
6.20
3.85
61.04%
21.02
18.29
14.93%
10.73
6.43
66.87%
PAT
12.77
23.55
-45.77%
12.80
5.11
150.49%
56.14
46.38
21.04%
25.27
12.49
102.32%
PATM
6.09%
8.98%
7.51%
3.13%
13.67%
11.44%
10.62%
4.96%
EPS
0.69
1.27
-45.67%
0.69
0.28
146.43%
3.00
2.47
21.46%
1.36
0.68
100.00%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Net Sales
1,028.76
1,074.10
1,072.67
871.94
859.49
813.23
712.88
710.85
Net Sales Growth
-5.01%
0.13%
23.02%
1.45%
5.69%
14.08%
0.29%
 
Cost Of Goods Sold
383.81
430.70
448.50
162.86
190.80
211.66
119.38
188.77
Gross Profit
644.95
643.40
624.17
709.09
668.68
601.57
593.50
522.07
GP Margin
62.69%
59.90%
58.19%
81.32%
77.80%
73.97%
83.25%
73.44%
Total Expenditure
816.05
855.07
877.64
613.26
596.11
567.28
513.83
526.30
Power & Fuel Cost
-
90.42
90.09
102.79
63.01
42.32
62.02
56.24
% Of Sales
-
8.42%
8.40%
11.79%
7.33%
5.20%
8.70%
7.91%
Employee Cost
-
139.87
131.38
123.98
121.30
120.06
121.03
106.59
% Of Sales
-
13.02%
12.25%
14.22%
14.11%
14.76%
16.98%
14.99%
Manufacturing Exp.
-
151.48
160.69
165.62
167.57
152.54
158.71
125.38
% Of Sales
-
14.10%
14.98%
18.99%
19.50%
18.76%
22.26%
17.64%
General & Admin Exp.
-
24.14
23.63
21.93
20.93
17.09
22.43
20.88
% Of Sales
-
2.25%
2.20%
2.52%
2.44%
2.10%
3.15%
2.94%
Selling & Distn. Exp.
-
12.08
14.97
25.63
20.61
1.23
5.05
4.70
% Of Sales
-
1.12%
1.40%
2.94%
2.40%
0.15%
0.71%
0.66%
Miscellaneous Exp.
-
6.39
8.36
10.46
11.89
22.38
25.21
23.74
% Of Sales
-
0.59%
0.78%
1.20%
1.38%
2.75%
3.54%
3.34%
EBITDA
212.71
219.03
195.03
258.68
263.38
245.95
199.05
184.55
EBITDA Margin
20.68%
20.39%
18.18%
29.67%
30.64%
30.24%
27.92%
25.96%
Other Income
30.66
30.92
29.94
37.78
31.31
19.83
36.44
36.89
Interest
26.68
30.43
35.46
26.91
22.57
12.69
7.28
7.20
Depreciation
65.42
63.48
58.55
53.00
33.00
27.00
26.11
23.19
PBT
151.28
156.04
130.96
216.55
239.12
226.09
202.09
191.05
Tax
44.30
45.97
39.70
60.67
62.81
59.80
42.35
60.49
Tax Rate
29.28%
29.46%
30.31%
28.02%
26.27%
26.45%
20.96%
31.66%
PAT
106.98
110.84
91.78
156.26
176.62
166.42
159.73
130.56
PAT before Minority Interest
106.98
110.84
91.78
156.26
176.62
166.42
159.73
130.56
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
PAT Margin
10.40%
10.32%
8.56%
17.92%
20.55%
20.46%
22.41%
18.37%
PAT Growth
22.22%
20.77%
-41.26%
-11.53%
6.13%
4.19%
22.34%
 
EPS
5.71
5.92
4.90
8.34
9.43
8.89
8.53
6.97

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Shareholder's Funds
1,414.97
1,319.16
1,285.40
1,189.53
1,071.13
956.76
834.71
Share Capital
187.34
187.34
187.34
187.34
187.34
187.34
187.34
Total Reserves
1,227.63
1,131.82
1,098.06
1,002.19
883.79
769.42
647.37
Non-Current Liabilities
814.12
811.12
776.50
787.80
745.47
742.75
456.46
Secured Loans
39.08
59.14
67.36
27.76
0.00
0.00
0.00
Unsecured Loans
0.00
0.00
0.00
0.00
0.00
0.18
0.57
Long Term Provisions
2.32
2.08
1.85
1.63
1.37
1.25
1.09
Current Liabilities
685.56
775.14
800.91
802.14
642.61
696.85
533.50
Trade Payables
93.27
119.97
145.78
175.88
85.57
128.90
128.40
Other Current Liabilities
386.94
380.64
324.79
353.81
352.21
404.10
278.23
Short Term Borrowings
175.00
245.00
300.00
239.82
160.44
133.44
106.09
Short Term Provisions
30.36
29.53
30.34
32.63
44.40
30.41
20.78
Total Liabilities
2,914.65
2,905.42
2,862.81
2,779.47
2,459.21
2,396.36
1,824.67
Net Block
1,074.03
1,031.51
1,015.50
938.49
428.92
440.75
424.95
Gross Block
1,405.43
1,301.24
1,228.06
1,098.30
555.92
540.98
499.39
Accumulated Depreciation
331.39
269.73
212.56
159.82
127.01
100.23
74.44
Non Current Assets
1,128.05
1,138.34
1,119.27
1,101.18
1,008.13
882.12
658.95
Capital Work in Progress
25.09
83.06
79.64
131.87
548.74
404.82
175.05
Non Current Investment
25.32
21.82
21.30
20.91
20.60
20.47
2.10
Long Term Loans & Adv.
3.61
1.95
2.82
9.92
9.86
16.08
56.86
Other Non Current Assets
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Current Assets
1,786.60
1,767.09
1,743.54
1,678.29
1,451.09
1,514.23
1,165.72
Current Investments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Inventories
1,280.98
1,309.72
1,224.84
1,091.49
800.84
910.50
508.84
Sundry Debtors
410.31
323.00
315.80
306.31
386.14
297.40
352.24
Cash & Bank
51.02
16.61
14.42
62.58
93.95
110.90
198.00
Other Current Assets
44.29
3.52
3.35
6.21
170.17
195.43
106.64
Short Term Loans & Adv.
39.18
114.23
185.13
211.70
9.29
11.21
15.21
Net Current Assets
1,101.03
991.94
942.63
876.15
808.48
817.38
632.21
Total Assets
2,914.65
2,905.43
2,862.81
2,779.47
2,459.22
2,396.35
1,824.67

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Cash From Operating Activity
216.96
215.64
-35.41
5.11
175.88
204.44
296.02
PBT
156.81
131.48
216.55
239.93
225.64
199.48
191.80
Adjustment
74.94
78.28
63.48
37.07
34.85
18.59
16.05
Changes in Working Capital
21.55
39.68
-263.34
-202.05
-36.84
31.42
139.81
Cash after chg. in Working capital
253.31
249.44
16.68
74.95
223.65
249.48
347.66
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-36.34
-33.80
-52.09
-69.84
-47.77
-45.05
-51.63
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-96.17
-65.16
-2.95
-67.77
-114.95
-195.24
-205.37
Net Fixed Assets
-46.22
-76.60
-77.53
-125.51
-158.86
-271.36
Net Investments
-2.73
0.00
0.00
0.00
0.00
-20.00
Others
-47.22
11.44
74.58
57.74
43.91
96.12
Cash from Financing Activity
-126.38
-148.30
42.78
38.66
-36.92
-13.06
-77.96
Net Cash Inflow / Outflow
-5.59
2.19
4.41
-23.99
24.00
-3.87
12.70
Opening Cash & Equivalents
16.48
14.29
9.88
33.87
9.87
13.73
1.04
Closing Cash & Equivalent
10.88
16.48
14.29
9.88
33.87
9.87
13.73

Financial Ratios

Standalone /

Consolidated
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Book Value (Rs.)
75.53
70.42
68.61
63.50
57.18
51.07
44.56
ROA
3.81%
3.18%
5.54%
6.74%
6.85%
7.57%
7.16%
ROE
8.11%
7.05%
12.63%
15.63%
16.41%
17.83%
15.64%
ROCE
11.37%
10.07%
15.58%
19.49%
20.58%
20.61%
21.06%
Fixed Asset Turnover
0.79
0.85
0.75
1.04
1.48
1.37
1.42
Receivable days
124.60
108.68
130.21
146.84
153.39
166.31
180.87
Inventory Days
440.18
431.22
484.82
401.30
384.05
363.36
261.27
Payable days
90.36
108.14
360.47
250.07
184.92
92.62
97.50
Cash Conversion Cycle
474.43
431.77
254.56
298.07
352.52
437.05
344.64
Total Debt/Equity
0.17
0.25
0.30
0.22
0.15
0.14
0.13
Interest Cover
6.15
4.71
9.06
11.61
18.83
28.74
27.55

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • Mishra Dhatu Nigam secures order worth Rs 306 crore
    15th Oct 2025, 12:09 PM

    With this, the open order position of the company as on date is around Rs 2,212 crore

    Read More
  • Mishra Dhatu Nigam secures order worth Rs 136 crore
    16th Sep 2025, 12:12 PM

    With this, the open order position of the company as on date is around Rs 1,983 crore

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.