Mishra Dhatu Nigam Ltd - Stock Valuation and Financial Performance

BSE: 541195 | NSE: MIDHANI | Steel & Iron Products | Small Cap

Mishra Dhatu Nigam Share Price

319.95 0.05 0.02%
as on 30-Jan'25 16:59

DeciZen - make an informed investing decision on Mishra Dhatu Nigam

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Mishra Dhatu Nigam stock performance -
319.95 -191.00-37.00% past year

Price Chart, Live Stock Chart, Technical Chart of
P/E Ratio (CD):
67.92
Market Cap:
5,993.9 Cr.
52-wk low:
295.7
52-wk high:
547.5

Is Mishra Dhatu Nigam Ltd an attractive stock to invest in?

1. Is Mishra Dhatu Nigam Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mishra Dhatu Nigam Ltd is a average quality company.

2. Is Mishra Dhatu Nigam Ltd undervalued or overvalued?

The key valuation ratios of Mishra Dhatu Nigam Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Mishra Dhatu Nigam Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mishra Dhatu Nigam Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mishra Dhatu Nigam:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mishra Dhatu Nigam Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE %
0%0%0%0%21.1%20.5%20.6%19.5%15.6%10.1%-
Value Creation
Index
NANANANA0.50.50.50.40.1-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales
00007117138138598721,0731,039
Sales YoY Gr.
-NANANANA0.3%14.1%5.7%1.5%23%-
Adj EPS
000078.58.99.48.44.94.7
YoY Gr.
-NANANANA21.7%5.1%5.9%-10.8%-41.2%-
BVPS (₹)
000044.651.157.263.568.670.472
Adj Net
Profit
000013015816717615792.388
Cash Flow from Ops.
00002962041765.1-35.4216-
Debt/CF from Ops.
00000.40.70.952.3-10.91.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA8.6%9.7%23%
Adj EPS NA-6.6%-17.8%-41.2%
BVPSNA9.6%7.2%2.6%
Share Price - 14.6% 20% -38%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
000015.617.716.415.612.77.16.6
Op. Profit
Mgn %
0000262830.330.629.818.318.2
Net Profit
Mgn %
000018.322.220.520.5188.68.5
Debt to
Equity
00000.10.10.20.20.30.30
Working Cap
Days
00000626625635703593264
Cash Conv.
Cycle
00000440468471532495150

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 6.60%

Sales growth has been subdued in last 3 years 9.67%

Net Profit has been subdued in last 3 years -17.84%

Sales growth is not so good in last 4 quarters at 5.41%

Latest Financials - Mishra Dhatu Nigam Ltd.

Standalone Consolidated
TTM EPS (₹) 4.7 4.7
TTM Sales (₹ Cr.) 1,039 1,039
BVPS (₹.) 72 72
Reserves (₹ Cr.) 1,161 1,161
P/BV 4.45 4.45
PE 68.48 67.92
From the Market
52 Week Low / High (₹) 295.65 / 547.45
All Time Low / High (₹) 86.35 / 547.45
Market Cap (₹ Cr.) 5,994
Equity (₹ Cr.) 187.3
Face Value (₹) 10
Industry PE 22.3

Quarterly Results

 Dec'23 YoY Gr. Rt. %Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %
Sales (₹ Cr.) 233 2.8393 18.1156 -14.3256 15
Adj EPS (₹) 0.7 -672.5 -30.20.3 -721.3 71.6
Op. Profit Mgn % 15.40 -1357 bps20.45 -964 bps14.93 -790 bps19.09 281 bps
Net Profit Mgn % 4.96 -1167 bps11.44 -775 bps3.13 -675 bps8.98 289 bps

Management X-Ray of Mishra Dhatu Nigam:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:74%Institutions:9.74%Non-Institutions:16.25%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%20%40%60%80%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Mishra Dhatu Nigam

MRP
spaceLock icon
MOS
spaceLock icon%
DP
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Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of Mishra Dhatu Nigam

Adj EPS (Rs.)

Price Chart, Live Stock Chart, Technical Chart of

Sales (Cr.)

Price Chart, Live Stock Chart, Technical Chart of

ROE (%)

Price Chart, Live Stock Chart, Technical Chart of

ROCE (%)

Price Chart, Live Stock Chart, Technical Chart of
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Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales7117138138598721,073
Operating Expenses 526514567596613878
Manufacturing Costs182221195231268251
Material Costs189119212191163449
Employee Cost 107121120121124131
Other Costs 495341535847
Operating Profit 185199246263259195
Operating Profit Margin (%) 26.0%27.9%30.2%30.6%29.7%18.2%
Other Income 373620313830
Interest 7713232735
Depreciation 232627335359
Exceptional Items 000000
Profit Before Tax 191200226239217131
Tax 604260636140
Profit After Tax 13115816617715692
PAT Margin (%) 18.4%22.2%20.5%20.5%17.9%8.6%
Adjusted EPS (₹)7.08.48.99.48.34.9
Dividend Payout Ratio (%)31%30%31%33%40%29%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 8359571,0711,1901,2851,319
Share Capital 187187187187187187
Reserves 6477698841,0021,0981,132
Minority Interest000000
Debt107134160268367304
Long Term Debt100286759
Short Term Debt106133160240300245
Trade Payables12812986176146120
Others Liabilities 7551,1771,1421,1461,0641,162
Total Liabilities 1,8252,3962,4592,7792,8632,905

Fixed Assets

Gross Block4995415561,0981,2281,301
Accumulated Depreciation74100127160213270
Net Fixed Assets4254414299381,0161,032
CWIP 1754055491328083
Investments 22021212122
Inventories5099118011,0911,2251,310
Trade Receivables352297386306316323
Cash Equivalents 19811194631417
Others Assets163212180228191120
Total Assets 1,8252,3962,4592,7792,8632,905

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 2962041765-35216
PBT 192199226240217131
Adjustment 161935376379
Changes in Working Capital 14031-37-202-26340
Tax Paid -52-45-48-70-52-34
Cash Flow From Investing Activity -205-195-115-68-3-65
Capex -214-272-159-90-73-79
Net Investments -563407530
Others 14134151714
Cash Flow From Financing Activity -78-13-373943-148
Net Proceeds from Shares 000000
Net Proceeds from Borrowing 000000
Interest Paid -6-6-12-21-26-35
Dividend Paid -71-28-52-59-60-58
Others -12127119129-56
Net Cash Flow 13-424-2442
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)15.6417.6516.4115.6312.637.05
ROCE (%)21.0620.4520.5819.4915.5810.07
Asset Turnover Ratio0.390.340.330.330.310.37
PAT to CFO Conversion(x)2.261.291.060.03-0.222.35
Working Capital Days
Receivable Days181166153147130109
Inventory Days261363384401485431
Payable Days248393185250360108

Mishra Dhatu Nigam Ltd Stock News

Mishra Dhatu Nigam Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mishra Dhatu Nigam on 30-Jan-2025 16:59 is ₹319.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Jan-2025 16:59 the market cap of Mishra Dhatu Nigam stood at ₹5,993.9.
The latest P/E ratio of Mishra Dhatu Nigam as of 30-Jan-2025 16:59 is 68.48.
The latest P/B ratio of Mishra Dhatu Nigam as of 30-Jan-2025 16:59 is 4.45.
The 52-week high of Mishra Dhatu Nigam is ₹547.5 and the 52-week low is ₹295.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mishra Dhatu Nigam is ₹1,039 ( Cr.) .

About Mishra Dhatu Nigam Ltd

Mishra Dhatu Nigam Limited (MIDHANI) was established in the year 1973 under Ministry of Defence as Government of India Enterprise. The production unit of MIDHANI, located at Kanchanbagh, Hyderabad, was commissioned in the year 1982. MIDHANI has been set up with a view to achieve self-reliance in production and supply of various super alloys, special steels, materials to Defence, other Strategic Sectors for Nuclear, aeronautical and Space applications. The guiding factors for setting up of MIDHANI were the demand for Defence oriented technologies, which come under the national priorities.

Business area of the company

The company is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals.

Products

Alloys

  • Superalloy
  • Titanium & Titanium Alloys
  • Special Steel
  • Other Metal and Alloys

Products

  • Long Products
  • Flat Products
  • Open Die Forgings
  • Investment castings
  • Special Products

Awards

2013-14:

  • MIDHANI was honored with Rajbasha Cup Award

2014-15:

  • Raksha Mantri Award of Excellence Award, 2014-15.

2015-16:

  • MIDHANI has been bestowed with 5th Annual Greentech CSR award under Gold Category
  • MIDHANI has been bestowed with certificate from ELETS for the Project Performance Excellence of MIDHANI

2016-17:

  • Corporate Vigilance Excellence Award
  • Skoch Awards - 2016
  • Excellence Award

2017-18:

  • MIDHANI was awarded Raksha Mantri’s Award for Excellence for the year 2014-15 under the category of innovation. The award was given for development of Nuclear Application Steel Plate.

2018-19:

  • MIDHANI was awarded HR-Excellence Award for Value Growth in the Non-financial category

2019-20:

  • MIDHANI was Conferred “GOLD Award” for “Corporate Excellence” by Skoch Group (Highest Independent Honour in India) for the Project “Modernization & Diversification of Products & Processes at MIDHANI” in June 2019 at New Delhi.
  • MIDHANI was awarded India’s Most Trusted Company 2019 by IBC Media USA in August 2019 at New Delhi.

Milestones

  • 1983-1984: First commercial production started.
  • 1987-1988: Entered into the field of fabrication of special armour panels.
  • 2000-2001: Development of bio implants from Titanium alloys.
  • 2001-2002: Development Niobium alloy required for critical space applications.
  • 2002-2003: Supply of indigenized special fasteners commenced.
  • 2005-2006: Development of large forgings of Chromium -Molybdenum steel in the form of weld neck flanges, blind flanges etc.
  • 2006-2007: Development of gun barrel forgings.
  • 2008-2009: Achieved Mini Ratna category-1 status from MoD.
  • 2009-2010: Commencement of commercial production of 6.5 metric tonnes vacuum induction melting furnace.
  • 2010-2011: Commissioning of critical equipment like 10 tonnes vacuum arc re-melting furnace.
  • 2011-2012: Implementation of the e-Procurement portal for publishing and processing tenders online.
  • 2011-2012: Signatory to UN Global Compact Initiative.
  • 2014-2015: Commissioning of 6000 tonnes forge press and electron beam melting furnace.
  • 2015-2016: Commissioning of in-house designed 20 tonnes electro slag refining furnace and 10 tonnes vacuum arc re-melting furnace.
  • 2015-2016: Awarded “Excellent” rating with a score of 97.06%, which is the best amongst all the defence PSUs and ranks among top 5% of all companies signing such MoUs with the Department of Defence Production.
  • 2016-2017: Commissioning of 20 tonnes electric arc furnace.
  • 2017-2018: NALCO signed MoU with MIDHANI for setting up of Aluminium Alloy Plant. 
  • 2018-2019: MIDHANI and TUBACEX Sign MoU 
  • 2019-2020: Midhani Delivers Ultra High Strength Steel & Cobalt Alloys For 'Gaganyaan' Of ISRO
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