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2463

541195

MIDHANI

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Mishra Dhatu Nigam performance

Today’s low

Today’s high

₹ 376.00 ₹ 390.70
₹ 380.85

52 week low

52 week high

₹ 226.93 ₹ 469.00
₹ 380.85

Open Price

₹ 388.00

Prev. Close

₹ 390.00

Volume (Shares)

203905.00

Total traded value

₹ 776.57

Upper Circuit

₹ 468.00

Lower Circuit

₹ 312.00

info

Mishra Dhatu Nigam Share Price Update

As of the latest trading session, Mishra Dhatu Nigam share price is currently at ₹ 380.75, which is down by ₹ -9.25 from its previous closing. Today, the stock has fluctuated between ₹ 376.00 and ₹ 390.70. Over the past year, Mishra Dhatu Nigam has achieved a return of -8.12 %. In the last month alone, the return has been -6.43 %. Read More...

Investment Returns

Over 1 Month -6.43% Over 3 Months -3.71% Over 6 Months 46.23% Over 1 Year -8.12%
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Mishra Dhatu Nigam fundamentals


  • Market cap (Cr)

    7,134.80

  • P/E Ratio (TTM)

    62.11

  • Beta

    1.44

  • Book Value / share

    75.50

  • Return on equity

    7.00%

  • EPS (TTM)

    6.29

  • Dividend yield

    0.00%

  • Net profit/quarter (Cr)

    12.80

info icon alternate text
  • Market cap (Cr)

    7,118.90

  • P/E Ratio (TTM)

    62.11

  • Beta

    1.33

  • Book Value / share

    75.50

  • Return on equity

    7.00%

  • EPS (TTM)

    6.29

  • Dividend yield

    0.00%

  • Net profit/quarter (Cr)

    12.80

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Mishra Dhatu Nigam Financials

  • Key Results

  • Key Ratios

  • Balance sheet

  • Cash Flow

  • Competition

info-icon

Revenue

Net income

Particulars JUN 2025 (Values in Cr)
Revenue 168.56
Operating Expense 158.60
Net Profit 12.80
Net Profit Margin (%) 7.59
Earnings Per Share (EPS) 0.68
EBITDA 41.29
Effective Tax Rate (%) 32.63
Particulars MAR 2025 (Values in Cr)
Revenue 406.09
Operating Expense 341.00
Net Profit 56.14
Net Profit Margin (%) 13.82
Earnings Per Share (EPS) 3.00
EBITDA 100.94
Effective Tax Rate (%) 27.24
Particulars DEC 2024 (Values in Cr)
Revenue 234.22
Operating Expense 208.98
Net Profit 25.27
Net Profit Margin (%) 10.78
Earnings Per Share (EPS) 1.35
EBITDA 59.47
Effective Tax Rate (%) 29.80
Particulars SEP 2024 (Values in Cr)
Revenue 256.42
Operating Expense 236.73
Net Profit 23.55
Net Profit Margin (%) 9.18
Earnings Per Share (EPS) 1.26
EBITDA 57.50
Effective Tax Rate (%) 30.57
Particulars JUN 2024 (Values in Cr)
Revenue 156.05
Operating Expense 162.26
Net Profit 5.11
Net Profit Margin (%) 3.27
Earnings Per Share (EPS) 0.27
EBITDA 31.07
Effective Tax Rate (%) 42.96
Particulars MAR 2025 (Values in Cr)
Revenue 1052.79
Operating Expense 948.99
Net Profit 110.07
Net Profit Margin (%) 10.45
Earnings Per Share (EPS) 5.88
EBITDA 248.96
Effective Tax Rate (%) 29.46
Particulars MAR 2024 (Values in Cr)
Revenue 1031.19
Operating Expense 971.66
Net Profit 91.26
Net Profit Margin (%) 8.84
Earnings Per Share (EPS) 4.87
EBITDA 224.09
Effective Tax Rate (%) 30.31
Particulars MAR 2023 (Values in Cr)
Revenue 849.88
Operating Expense 693.17
Net Profit 155.88
Net Profit Margin (%) 18.34
Earnings Per Share (EPS) 8.32
EBITDA 295.28
Effective Tax Rate (%) 28.01
Particulars MAR 2022 (Values in Cr)
Revenue 836.98
Operating Expense 651.68
Net Profit 176.31
Net Profit Margin (%) 21.06
Earnings Per Share (EPS) 9.41
EBITDA 293.62
Effective Tax Rate (%) 26.26
Particulars MAR 2021 (Values in Cr)
Revenue 804.35
Operating Expense 606.97
Net Profit 166.29
Net Profit Margin (%) 20.67
Earnings Per Share (EPS) 8.88
EBITDA 265.09
Effective Tax Rate (%) 26.44
Particulars MAR 2024 (Values in Cr)
Book Value / Share 70.42
ROE % 7.05
ROCE % 7.04
Total Debt to Total Equity 0.35
EBITDA Margin 21.02
Particulars MAR 2023 (Values in Cr)
Book Value / Share 68.61
ROE % 12.63
ROCE % 10.73
Total Debt to Total Equity 0.31
EBITDA Margin 34.04
Particulars MAR 2022 (Values in Cr)
Book Value / Share 63.50
ROE % 15.63
ROCE % 12.70
Total Debt to Total Equity 0.19
EBITDA Margin 34.32
Particulars MAR 2021 (Values in Cr)
Book Value / Share 57.18
ROE % 16.41
ROCE % 12.76
Total Debt to Total Equity 0.15
EBITDA Margin 32.70
Particulars MAR 2020 (Values in Cr)
Book Value / Share 51.07
ROE % 17.65
ROCE % 13.15
Total Debt to Total Equity 0.13
EBITDA Margin 32.80
Particulars MAR 2024 (Values in Cr)
Book Value / Share 70.43
ROE % 7.00
ROCE % 7.02
Total Debt to Total Equity 0.35
EBITDA Margin 20.97
Particulars MAR 2023 (Values in Cr)
Book Value / Share 68.66
ROE % 12.59
ROCE % 10.68
Total Debt to Total Equity 0.34
EBITDA Margin 34.00
Particulars MAR 2022 (Values in Cr)
Book Value / Share 63.56
ROE % 15.58
ROCE % 12.64
Total Debt to Total Equity 0.23
EBITDA Margin 34.29
Particulars MAR 2021 (Values in Cr)
Book Value / Share 57.26
ROE % 16.38
ROCE % 12.74
Total Debt to Total Equity 0.14
EBITDA Margin 32.68
Particulars MAR 2020 (Values in Cr)
Book Value / Share 51.16
ROE % 17.82
ROCE % 13.25
Total Debt to Total Equity 0.13
EBITDA Margin 33.03
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 16.61
Total Assets 2905.42
Total Liabilities 2905.42
Total Equity 1319.16
Share Outstanding 187340000
Price to Book Ratio 5.59
Return on Assets (%) 3.15
Return on Capital (%) 5.59
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 14.41
Total Assets 2862.80
Total Liabilities 2862.80
Total Equity 1285.39
Share Outstanding 187340000
Price to Book Ratio 2.69
Return on Assets (%) 5.45
Return on Capital (%) 9.34
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 62.58
Total Assets 2779.47
Total Liabilities 2779.47
Total Equity 1189.53
Share Outstanding 187340000
Price to Book Ratio 2.60
Return on Assets (%) 6.35
Return on Capital (%) 12.12
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 93.94
Total Assets 2459.22
Total Liabilities 2459.22
Total Equity 1071.13
Share Outstanding 187340000
Price to Book Ratio 3.09
Return on Assets (%) 6.76
Return on Capital (%) 13.51
Particulars MAR 2020 (Values in Cr)
Cash & Short Term Investments 110.89
Total Assets 2396.35
Total Liabilities 2396.35
Total Equity 956.75
Share Outstanding 187340000
Price to Book Ratio 3.50
Return on Assets (%) 6.59
Return on Capital (%) 14.5
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 16.61
Total Assets 2905.70
Total Liabilities 2905.70
Total Equity 1319.44
Share Outstanding 187340000
Price to Book Ratio 5.59
Return on Assets (%) 3.14
Return on Capital (%) 5.55
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 14.41
Total Assets 2863.60
Total Liabilities 2863.60
Total Equity 1286.19
Share Outstanding 187340000
Price to Book Ratio 2.69
Return on Assets (%) 5.44
Return on Capital (%) 9.31
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 62.58
Total Assets 2780.66
Total Liabilities 2780.66
Total Equity 1190.71
Share Outstanding 187340000
Price to Book Ratio 2.60
Return on Assets (%) 6.34
Return on Capital (%) 12.09
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 93.94
Total Assets 2460.71
Total Liabilities 2460.71
Total Equity 1072.63
Share Outstanding 187340000
Price to Book Ratio 3.09
Return on Assets (%) 6.75
Return on Capital (%) 13.49
Particulars MAR 2020 (Values in Cr)
Cash & Short Term Investments 110.89
Total Assets 2397.98
Total Liabilities 2397.98
Total Equity 958.38
Share Outstanding 187340000
Price to Book Ratio 3.50
Return on Assets (%) 6.66
Return on Capital (%) 14.63
Particulars MAR 2024 (Values in Cr)
Net Income 131.47
Cash from Operations 249.43
Cash from Investing -65.15
Cash from Financing -148.29
Net change in Cash 2.18
Free Cash Flow 328.75
Particulars MAR 2023 (Values in Cr)
Net Income 216.93
Cash from Operations 16.68
Cash from Investing -2.94
Cash from Financing 42.77
Net change in Cash 4.41
Free Cash Flow 89.57
Particulars MAR 2022 (Values in Cr)
Net Income 240.23
Cash from Operations 121.96
Cash from Investing -102.91
Cash from Financing 26.78
Net change in Cash -23.99
Free Cash Flow 247.76
Particulars MAR 2021 (Values in Cr)
Net Income 224.01
Cash from Operations 223.65
Cash from Investing -114.95
Cash from Financing -36.92
Net change in Cash 24.00
Free Cash Flow 382.90
Particulars MAR 2020 (Values in Cr)
Net Income 197.84
Cash from Operations 249.48
Cash from Investing -195.24
Cash from Financing -13.06
Net change in Cash -3.86
Free Cash Flow 521.17
Particulars MAR 2024 (Values in Cr)
Net Income 130.95
Cash from Operations 249.43
Cash from Investing -65.15
Cash from Financing -148.29
Net change in Cash 2.18
Free Cash Flow 328.75
Particulars MAR 2023 (Values in Cr)
Net Income 216.54
Cash from Operations 16.68
Cash from Investing -2.94
Cash from Financing 42.77
Net change in Cash 4.41
Free Cash Flow 89.57
Particulars MAR 2022 (Values in Cr)
Net Income 239.92
Cash from Operations 74.95
Cash from Investing -67.77
Cash from Financing 38.66
Net change in Cash -23.99
Free Cash Flow 165.54
Particulars MAR 2021 (Values in Cr)
Net Income 225.63
Cash from Operations 223.65
Cash from Investing -114.95
Cash from Financing -36.92
Net change in Cash 24.00
Free Cash Flow 382.90
Particulars MAR 2020 (Values in Cr)
Net Income 199.47
Cash from Operations 249.48
Cash from Investing -195.24
Cash from Financing -13.06
Net change in Cash -3.86
Free Cash Flow 521.17
Company Name Price P/E P/B Market Cap 52 Week Low/High
Jaykay Enterprises Limited 151.70 84.28 4.04 1856.34 80.68 / 185.00
SIKA INTERPLANT SYSTEMS LTD. 1162.00 77.93 19.88 2463.54 399.96 / 1624.95
Nibe Ordnance and Maritime Lim 7.52 3.62 0.00 1.15 1.51 / 7.52
BEML LIMITED 3993.20 55.64 5.75 16629.48 2346.35 / 4874.85
Company Name Price P/E P/B Market Cap 52 Week Low/High
Jaykay Enterprises Limited 151.70 83.81 4.75 1856.34 80.68 / 185.00
SIKA INTERPLANT SYSTEMS LTD. 1162.00 78.78 18.27 2463.54 399.96 / 1624.95
HIGH ENERGY BATTERIES (INDIA) 649.90 44.03 5.84 582.56 420.05 / 830.35
Nibe Ordnance and Maritime Lim 7.52 4.95 0.41 1.15 1.51 / 7.52

Mishra Dhatu Nigam Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
380.85 -2.34 redarrow
red-green-graph indicator
0 Bearish
16 Bullish
  • 5 Days 392.10
  • 26 Days 399.30
  • 10 Days 393.40
  • 50 Days 400.40
  • 12 Days 394.00
  • 100 Days 387.00
  • 20 Days 397.20
  • 200 Days 374.70
391.90 PIVOT

First Support

386.10

First Resistance

395.80

Second Support

382.20

Second Resistance

401.60

Third Support

376.40

Third Resistance

405.50

RSI

43.23

ADX

38.18

MACD

-5.34

Williams % R

-68.76

Commodity Channel Index (CCI)

-58.29

Date

2025-08-25

Week

87436.00

Same Day

92392.00

Month

106604.00

1 Year

1.44

3 Year

1.35

Over 1 Month

-6.43%

down

Over 1 Year

-8.12%

down

Over 3 Months

-3.71%

down

Over 3 Years

28.32%

down

Over 6 Months

46.23%

down

Over 5 Years

11.85%

down

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Mishra Dhatu Nigam shareholding pattern

  • Shareholding Summary

  • Historical Promotor Holding

  • Historical MF Holding

  • Historical FII Holding

Holding

Others
15.68%
Promoter Holdings
74.0%
FII
1.33%
DII
8.97%
Promoter Shares(Pledge Percentage)
0.0%
Name Shares Category
The President Of India 1.386316E8 (74.0%) Shareholding of Promoter and Promoter Group
Hdfc Trustee Company Ltd. A/c Hdfc Balanced Advantage Fund 6450000.0 (3.44%) Public Shareholding
Nippon Life India Trustee Ltd-a/c Nippon India Small Cap Fund 4020464.0 (2.15%) Public Shareholding
The New India Assurance Company Limited 2295947.0 (1.23%) Public Shareholding
Bandhan Large & Mid Cap Fund 1935865.0 (1.03%) Public Shareholding

News

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Mishra Dhatu Nigam corporate actions

  • Dividend

  • Bonus

  • Split

Dividend date Dividend amount Dividend type Record date Instrument type
25 Mar 2025 0.75 Interim 25 Mar 2025 Equity shares
22 Mar 2024 1.41 Interim 22 Mar 2024 Equity shares
22 Sep 2023 1.67 Final 22 Sep 2023 Equity shares
23 Mar 2023 1.68 Interim 23 Mar 2023 Equity shares
21 Sep 2022 1.54 Final 22 Sep 2022 Equity shares
22 Mar 2022 1.56 Interim 23 Mar 2022 Equity shares
21 Sep 2021 1.58 Final 22 Sep 2021 Equity shares
22 Mar 2021 1.2 Interim 23 Mar 2021 Equity shares
21 Sep 2020 1.56 Final 22 Sep 2020 Equity shares
12 Mar 2020 1.0 Interim 14 Mar 2020 Equity shares
17 Sep 2019 0.51 Final 19 Sep 2019 Equity shares
25 Mar 2019 1.68 Interim 1 26 Mar 2019 Equity shares
19 Sep 2018 2.1 Final 22 Sep 2018 Equity shares
Ex-Date Ex-Bonus Ratio
[-] [-] [-]
Ex-Date Old FV NEW FV Record Date
[-] [-] [-] [-]
  • Dividend

  • Bonus

  • Split

Dividend date Dividend amount Dividend type Record date Instrument type
25 Mar 2025 0.75 Interim 25 Mar 2025 Equity shares
22 Mar 2024 1.41 Interim 22 Mar 2024 Equity shares
22 Sep 2023 1.67 Final 22 Sep 2023 Equity shares
23 Mar 2023 1.68 Interim 23 Mar 2023 Equity shares
21 Sep 2022 1.54 Final 22 Sep 2022 Equity shares
22 Mar 2022 1.56 Interim 23 Mar 2022 Equity shares
21 Sep 2021 1.58 Final 22 Sep 2021 Equity shares
22 Mar 2021 1.2 Interim 23 Mar 2021 Equity shares
21 Sep 2020 1.56 Final 22 Sep 2020 Equity shares
12 Mar 2020 1.0 Interim 14 Mar 2020 Equity shares
17 Sep 2019 0.51 Final 19 Sep 2019 Equity shares
25 Mar 2019 1.68 Interim 1 26 Mar 2019 Equity shares
19 Sep 2018 2.1 Final 22 Sep 2018 Equity shares
Ex-Date Ex-Bonus Ratio
[-] [-] [-]
Ex-Date Old FV NEW FV Record Date
[-] [-] [-] [-]

Mishra Dhatu Nigam Share Price

Mishra Dhatu Nigam Limited (MIDHANI ), a Central Public Sector Undertaking (CPSU) was set up in 1973 and has established itself as a premier manufacturer of special steels, superalloys, and titanium alloys. At present, Company is engaged in manufacturing of Super Alloys, Titanium base Alloys, Special Stainless Steel in semi-finished forms and other special metals. The Company is one of the leading manufacturers of Special Steels, Super Alloys and the only manufacturer of Titanium Alloys in India.

MDNL is one of the few metallurgical plants of its kind in the world, designed to manufacture a wide range of special metals and alloys using integrated and highly flexible manufacturing systems. The Company manufactures unique combinations of metal and alloys. These special alloys have superior mechanical properties and better workability which are essential for special applications in aerospace, power generation, nuclear, defence and other general engineering industries. These products are key ingredients for strategic sectors in India, which typically cannot be imported from other countries due to its national security related concerns.

The manufacturing facilities include Primary and Secondary melting furnaces such as Electric Arc Furnace with Ladle Refining Furnace, Vacuum Degassing/ Vacuum Oxygen Decarburisation, Vacuum Induction Melting Furnace, Vacuum Induction Refining Furnace, Vacuum Arc ReMelting Furnace, Electro Slag Re-Melting Furnace and Electron Beam Melting Furnace. Subsequent operations are carried out at 6000T/1500T Forge Presses, Ring Rolling Mill, Hot Rolling and Cold Rolling Mills, Bar and Wire Drawing Mills etc. based on the output, form and sizes required. The auxiliary supporting services like conditioning, heat treatment, machining, pickling, quality control also forms part of MIDHANI's manufacturing processes.

The Company manufactures special steels like martensitic steel, ultra high strength steel, austenitic steel and precipitation hardening steel. It manufactures three varieties of Superalloys - nickel base, iron base and cobalt base. It also manufactures varieties of titanium alloys. Most of the orders executed by the Company are in the nature of an import substitute. The Company has the competence of developing and manufacturing customised alloys tailor-made to suit the specific requirements of customers for their critical applications. Presently, the company conducts the operations at manufacturing facility in Hyderabad. It is in the process of setting up two new manufacturing facilities in Rohtak and Nellore. It has several certifications including the ISO 9001:2008 - Quality Management System and AS 9100 C for manufacturing and supply of metals and alloy products. The Company has the research and development laboratory which is accredited to National Accreditation Board for Testing and Calibration Laboratories.

With the constant developments made over the years in various operational areas, by utilizing in-house research and development capabilities, the Company indigenized various critical technologies, alloys and products which reduced dependence on imports of these critical materials. The Company has been handling challenging developmental tasks, taking a lead position in indigenisation of critical technologies and products to render support to several programmes of national importance.

The company was incorporated as a private limited company with the name 'Mishra Dhatu Nigam Private Limited' on November 20, 1973. Being a Government Company, the word private was deleted from name of the company by the RoC on June 15, 1974. The status of the Company was changed from a private limited company to deemed public limited company under the provisions of Section 43A with effect from July 01, 1983.

The production unit of MIDHANI, located at Kanchanbagh, in Hyderabad, was commissioned in the year 1982. It was established to achieve self-reliance in production and supply of various super alloys, special steels, materials to Strategic Sectors of the country. The company started commercial production in 1983-1984.

During the year 1987-1988, the company entered into the field of fabrication of special armour panels. During the year 2000-2001, the company developed bio implants from Titanium alloys. The status of the Company was again changed from deemed public company to a private limited company after notification of the Companies (Amendment) Act, 2000 on 27 February 2001 and the word private was not inserted in the certificate of incorporation.

During the year 2001-2002, the company developed Niobium alloy required for critical space applications. In 2002-2003, the company commenced supply of indigenized special fasteners.

In 2015-2006, the company developed large forgings of Chromium -Molybdenum steel in the form of weld neck flanges, blind flanges etc. During the year 2006-2007, the company developed gun barrel forgings. In 2008-2009, the company achieved Mini Ratna category-1 status from the Ministry of Defence.

In 2009-2010, the company commenced commercial production of 6.5 metric tonnes vacuum induction melting furnace. In 2010-2011, the company commissioned critical equipment like 10 tonnes vacuum arc re-melting furnace.

In 2011- 2012, the company implemented the e-Procurement portal for publishing and processing tenders online. In 2014-2015, the company commissioned 6000 tonnes forge press and electron beam melting furnace. In 2015-2016, the company commissioned in-house designed 20 tonnes electro slag refining furnace and 10 tonnes vacuum arc re-melting furnace. In 2016-2017, the company commissioned 20 tonnes electric arc furnace.

The company was converted into a public limited company on November 13, 2017.

On 17/01/2018 the company filed Draft Red Herring Prospectus and on 16/03/2018 filed Red Herring Prospectus with SEBI for raising Rs. 435.02 cr. The Issue dates were from 21/03/2018 to 23/03/2018 with Price Band of Rs. 87 to Rs. 90. The Issue got subscribed 1.21 times leading to its Issue Price being fixed at Rs. 90. The Shares got listed in BSE and NSE on 04/04/2018 at Rs. 87.00 which is 3.33% below Issue Price.

On 18 April 2018, Mishra Dhatu Nigam Limited informed the stock exchanges that it has entered into two non-binding MoU at the recently concluded Defexpo India-2018.

MIDHANI and National Aluminium Co. Ltd. (NALCO) set up a Joint Venture Company, Utkarsha Aluminum Dhatu Nigam Limited. This JVC was incorporated on 21st August, 2019, for establishing a manufacturing plant at Nellore, Andhra Pradesh for manufacturing of high end Aluminium Alloy products and to meet the market demand in sectors such as Defence, Space and National Aluminium Co. Ltd.

During COVID-19 crisis, MIDHANI developed and supplied 1.5 kg. of 0.16 mm Nickel Wire with purity ~100%, which was critically required for the manufacture of Oxygen sensor pertaining to the 'Critical Core Ventilator' being produced by Bharat Electronics Limited (BEL) for COVID-19 patients. The material was developed and supplied for the first time within 96 hours during the lockdown period which had helped to establish an indigenous source of critical raw material which otherwise had to be imported.

In FY 21, the Company developed spider casting, fulfilling stringent Aerospace requirements for Semi CryoEngine of Satellite Launch Vehicle'.
Its indigenously manufactured impellers, made of Nickel based Super Alloy were delivered to customers. It supplied first consignment of Superfer 800 (Alloy 800) Steam Generator Tubes for 700 MWe Pressurized Heavy-Water Reactor (PHWR) for application in Energy Sector on February 15, 2021. Under Atma Nirbhar Bharat' initiative, indigenously manufactured impellers made of Nickel Super Alloy 'Superni 600' was delivered for application in Energy sector on March 16, 2021. It developed and supplied Rolled Homogenous Armor (RHA) Steel for Missile Penetration Test. RHA steel, which was being imported was indigenously developed under Atmanirbhar Bharat Programme'. The Company dispatched first consignment of high temperature alloy on March 20, 2021 with 75% indigenous content for the country's indigenous Kaveri Dry Engine Program' powering the Unmanned Combat Aerial Vehicle (UCAV). The consignment contained Nickel base Super-alloy and Titanium alloy forged bars thoroughly qualified in airworthy certification requirements used for various Class I and Class II components of the engine.

During the year 2021, the Company manufactured large size forged slab made of Titanium alloy for Gaganyaan Mission and Titanium tubes through forge route. It developed Superfer 52, a high strength precision alloy for spring application, Cobalt free high strength steel for export order. It developed and supplied wide slab made of Titanium alloy for Advanced Medium Combat Aircraft (AMCA) project. It developed fine grained bar feed stock made of Super alloy for Aero engine disc Application, Blade blank for Adour Engine, Pack Rolling of Titanium Sheet, Process optimization of special alloys using AI and was certified for development of Aero grade Bearing Steel. The Company dispatched first consignment of Ultra High Strength Steel and Cobalt alloy with stringent quality requirements for Prestigious Human Space Flight Program of ISRO 'Gaganyaan'.

During the year 2021, the Company developed Titanium Alloy Casting ('74 kg) for Strategic Application. It delivered sets of Isothermally Forged Titanium Alloy High Pressure Compressor Disc using complete indigenous technology under Industry Research Partnership for aerospace application in FY21. It developed and supplied to National Aluminium Co. Ltd (NALCO) Caster Roll Shells which are shrink fitted on the core and used for casting of Aluminium Strip with nominal thickness of 7 mm.

During FY 2020-21, MIDHANI was awarded ISO 14000:2015 (EMS) Certification for Environmental management and ISO 45001:2018 (OHSMS) Certification for Occupational Health and Safety Assessment. It has been certified with ISO 14001:2015 (Environmental Management System).

In 2021-22, MIDHANI developed PT 1M Seamless Pipes for applications in sea and fresh water; developed Top Hatch, primary viewport, and secondary viewports for deep sea Spherical Pressure Hull (SPH) components; Zircalloy Tubes were forged and supplied for its use in Energy applications; Borated Zirconium Strip of 1mm x 10mm X 1000mm for use in Energy application; developed and manufactured, Fluid End Component- MDN 16-5-1, Super Martensitic Stainless Steel for its application in Oil and Gas Sector; MIDHANI in collaboration with DMRL, developed 5 types of bearing steels. The Light Combat Aircraft Tejas LSP4 completed one hour flight accommodated with indigenous aircraft bearings for the critical gear box on February 8, 2022.

During the year 2021-22, MIDHANI commissioned a Wide Plate Rolling facility; for manufacturing and supply of Helical Compression Springs for Railway Wagons, Coaches, Locomotives, a Spring Manufacture unit was set up and commissioned; Replacement of old reheating furnace of capacity 30T for heating of billets was setup in Forge shop and the furnace was commissioned; a 20T capacity Fixed Hearth Furnace for reheating of smaller ingots was commissioned; revamping of Bogie drive of the furnace was completed; Tempering furnace for Wide Plate Mill (WPM) was commissioned. A new 8T Capacity Vacuum Induction Melting' Furnace (VIM) was set up and made operational; 300 Kg Vacuum Arc Skull Melting Furnace was installed; an armour unit of MIDHANI was set up at Rohtak, Haryana; Major construction activities of Phase-I & Phase was completed; Equipment like Fiber cutting machine, Water jet cutting machine, Hydraulic ballistic press, CNT spray machine, etc were commissioned.

In 2022-23, MIDHANI achieved a significant milestone by manufacturing Titan 31 plate for the qualification of the Wide Plate Mill, specifically catering to the requirements of VSSC (Vikram Sarabhai Space Centre) - ISRO for the prestigious Gaganyaan Mission. It manufactured Superni C-276 (Haste Alloy), a corrosion-resistant nickel-based alloy; supplied feedstock and mill forms of high-temperature alloys for the prestigious Kaveri dry engine program; completed development and certification of Superni 115 LPT blade blank for aeroengines; additionally completed development and certification of Titan 26M, a Titanium alloy capable of withstanding temperatures up to 520°C under creep conditions; the newly established armour unit at Rohtak, Haryana commenced production and delivered 15 bulletproof vehicles of the Isuzu Shaurya model to the J&K police. Additionally, 47 MIDHANI Twarit model vehicles were dispatched to the J&K police. The unit has also supplied composites for mine-proof vehicles to AVNL's- (Armoured Vehicle Nigam Limited), Vehicle Factory, Jabalpur.

During the year 2022-23, MIDHANI launched heavy forging slabs measuring 127 (T) x 590 (W) x 900 (L) mm; launched forged bars of Hastelloy-X; developed a high-performance alloy, comprising Nickel- Chromium- MolybdenumTitanium, specifically designed for the Indian Molten Salt Breeder Reactor (IMSBR); achieved indigenous bulk production of High-Pressure Compressor (HPC) discs using Titanium alloy TITAN26A.

A Joint Venture Company i.e. Advanced Materials (Defence) Testing Foundation, was incorporated on June 4, 2024 by the Ministry of Defence in FY 2023-24. For manufacturing and supply of Helical Compression Springs Project for Railway Wagons, Coaches, Locomotives, a Spring Manufacture Unit was set up and commissioned in FY 2024. MIDHANI's spring plant facility with a capacity of more than 60,000 springs per annum was approved by Research Designs & Standards Organisation (RDSO) in June, 2024. A New Titanium Melting Plant was established during the year. It established an advanced Isothermal Forging Facility integrated with its 6000T press. It commissioned a 20T and 12T LPG-fired fixed hearth furnaces for billet reheating, with the 20T furnace already operational in FY24.

Parent organization Government of India
NSE symbol MIDHANI
Founded 1973
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Frequently Asked Questions

What is the Current Share Price of Mishra Dhatu Nigam Ltd?

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Mishra Dhatu Nigam Ltd share price is for NSE ₹ 380.75 & for BSE ₹ 380.65 as on Aug 26 2025 03:30 PM.

What is the Market Cap of Mishra Dhatu Nigam Ltd Share?

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The market cap of Mishra Dhatu Nigam Ltd for NSE ₹ 7,132.97 & for BSE ₹ 7,131.09 as on Aug 26 2025 03:30 PM.

What is the 52 Week High and Low of Mishra Dhatu Nigam Ltd?

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The 52 Week High and Low of Mishra Dhatu Nigam Ltd for NSE is ₹ 469.00 and ₹ 226.93 and for BSE is ₹ 468.40 and ₹ 217.05.

What is 1 year return for Mishra Dhatu Nigam Ltd?

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The 1 year returns on the stock has been -7.13%.

What is the P/E Ratio of Mishra Dhatu Nigam Ltd Share?

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As on Aug 26 2025 03:30 PM the price-to-earnings (PE) ratio for Mishra Dhatu Nigam Ltd share is 62.11.

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As on Aug 26 2025 03:30 PM, the price-to-book (PB) ratio for Mishra Dhatu Nigam Ltd share is 75.50.

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