Is Mishra Dhatu Nigam 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 .

Is Mishra Dhatu Nigam 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 .

What is Mishra Dhatu Nigam share price return in the past 10 years?

Data is not available for this company

Is Mishra Dhatu Nigam a good buy now?

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

Mishra Dhatu Nigam Ltd - Stock Valuation and Financial Performance

Name: Mishra Dhatu Nigam
Brand: Mishra Dhatu Nigam

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

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Mishra Dhatu Nigam Share Price

₹345.25 -12.65 -3.53%
as on 20-Dec'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	0%	0%	0%	21.1%	20.5%	20.6%	19.5%	15.6%	10.1%	-
Value Creation Index ⓘ	NA	NA	NA	NA	0.5	0.5	0.5	0.4	0.1	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	0	0	711	713	813	859	872	1,073	1,039
Sales YoY Gr.	-	NA	NA	NA	NA	0.3%	14.1%	5.7%	1.5%	23%	-
Adj EPS ⓘ	0	0	0	0	7	8.5	8.9	9.4	8.4	4.9	4.7
YoY Gr.	-	NA	NA	NA	NA	21.7%	5.1%	5.9%	-10.8%	-41.2%	-
BVPS (₹) ⓘ	0	0	0	0	44.6	51.1	57.2	63.5	68.6	70.4	72
Adj Net Profit ⓘ	0	0	0	0	130	158	167	176	157	92.3	88
Cash Flow from Ops. ⓘ	0	0	0	0	296	204	176	5.1	-35.4	216	-
Debt/CF from Ops. ⓘ	0	0	0	0	0.4	0.7	0.9	52.3	-10.9	1.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	8.6%	9.7%	23%
Adj EPS ⓘ	NA	-6.6%	-17.8%	-41.2%
BVPSⓘ	NA	9.6%	7.2%	2.6%
Share Price	-	17.8%	24.2%	-14%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	15.6	17.7	16.4	15.6	12.7	7.1	6.6
Op. Profit Mgn % ⓘ	26	28	30.3	30.6	29.8	18.3	18.2
Net Profit Mgn % ⓘ	18.3	22.2	20.5	20.5	18	8.6	8.5
Debt to Equity ⓘ	0.1	0.1	0.2	0.2	0.3	0.3	0
Working Cap Days ⓘ	0	626	625	635	703	593	264
Cash Conv. Cycle ⓘ	0	440	468	471	532	495	150

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 ⓘ	4.80	4.80
PE ⓘ	73.90	73.29

From the Market
52 Week Low / High (₹)	305.00 / 547.45
All Time Low / High (₹)	86.35 / 547.45
Market Cap (₹ Cr.)	6,468
Equity (₹ Cr.)	187.3
Face Value (₹)	10
Industry PE ⓘ	22.2

Management X-Ray of Mishra Dhatu Nigam:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Mishra Dhatu Nigam

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Mishra Dhatu Nigam

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	711	713	813	859	872	1,073
Operating Expenses ⓘ	526	514	567	596	613	878
Manufacturing Costs	182	221	195	231	268	251
Material Costs	189	119	212	191	163	449
Employee Cost	107	121	120	121	124	131
Other Costs ⓘ	49	53	41	53	58	47
Operating Profit ⓘ	185	199	246	263	259	195
Operating Profit Margin (%)	26.0%	27.9%	30.2%	30.6%	29.7%	18.2%
Other Income ⓘ	37	36	20	31	38	30
Interest ⓘ	7	7	13	23	27	35
Depreciation ⓘ	23	26	27	33	53	59
Exceptional Items ⓘ	0	0	0	0	0	0
Profit Before Tax ⓘ	191	200	226	239	217	131
Tax ⓘ	60	42	60	63	61	40
Profit After Tax	131	158	166	177	156	92
PAT Margin (%)	18.4%	22.2%	20.5%	20.5%	17.9%	8.6%
Adjusted EPS (₹)	7.0	8.4	8.9	9.4	8.3	4.9
Dividend Payout Ratio (%)	31%	30%	31%	33%	40%	29%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	835	957	1,071	1,190	1,285	1,319
Share Capital ⓘ	187	187	187	187	187	187
Reserves ⓘ	647	769	884	1,002	1,098	1,132
Minority Interest	0	0	0	0	0	0
Debt	107	134	160	268	367	304
Long Term Debt	1	0	0	28	67	59
Short Term Debt	106	133	160	240	300	245
Trade Payables	128	129	86	176	146	120
Others Liabilities ⓘ	755	1,177	1,142	1,146	1,064	1,162
Total Liabilities ⓘ	1,825	2,396	2,459	2,779	2,863	2,905
Fixed Assets
Gross Block	499	541	556	1,098	1,228	1,301
Accumulated Depreciation	74	100	127	160	213	270
Net Fixed Assetsⓘ	425	441	429	938	1,016	1,032
CWIP ⓘ	175	405	549	132	80	83
Investmentsⓘ	2	20	21	21	21	22
Inventories	509	911	801	1,091	1,225	1,310
Trade Receivables	352	297	386	306	316	323
Cash Equivalents	198	111	94	63	14	17
Others Assetsⓘ	163	212	180	228	191	120
Total Assets ⓘ	1,825	2,396	2,459	2,779	2,863	2,905

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	296	204	176	5	-35	216
PBT ⓘ	192	199	226	240	217	131
Adjustment ⓘ	16	19	35	37	63	79
Changes in Working Capital ⓘ	140	31	-37	-202	-263	40
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	-5	63	40	7	53	0
Others ⓘ	14	13	4	15	17	14
Cash Flow From Financing Activityⓘ	-78	-13	-37	39	43	-148
Net Proceeds from Shares ⓘ	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0
Interest Paid ⓘ	-6	-6	-12	-21	-26	-35
Dividend Paid ⓘ	-71	-28	-52	-59	-60	-58
Others ⓘ	-1	21	27	119	129	-56
Net Cash Flow ⓘ	13	-4	24	-24	4	2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	15.64	17.65	16.41	15.63	12.63	7.05
ROCE (%)	21.06	20.45	20.58	19.49	15.58	10.07
Asset Turnover Ratio	0.39	0.34	0.33	0.33	0.31	0.37
PAT to CFO Conversion(x)	2.26	1.29	1.06	0.03	-0.22	2.35
Working Capital Days
Receivable Days	181	166	153	147	130	109
Inventory Days	261	363	384	401	485	431
Payable Days	248	393	185	250	360	108

Mishra Dhatu Nigam Ltd Stock News

Mishra Dhatu Nigam Ltd FAQs

What is the share price of Mishra Dhatu Nigam?

Company share prices are keep on changing according to the market conditions. The closing price of Mishra Dhatu Nigam on 20-Dec-2024 16:59 is ₹345.2.

What is the market cap of Mishra Dhatu Nigam?

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 20-Dec-2024 16:59 the market cap of Mishra Dhatu Nigam stood at ₹6,467.9.

What is the P/E ratio of Mishra Dhatu Nigam?

The latest P/E ratio of Mishra Dhatu Nigam as of 20-Dec-2024 16:59 is 73.90.

What is the P/B ratio of Mishra Dhatu Nigam?

The latest P/B ratio of Mishra Dhatu Nigam as of 20-Dec-2024 16:59 is 4.80.

What is the 52-week high and low of Mishra Dhatu Nigam?

The 52-week high of Mishra Dhatu Nigam is ₹547.5 and the 52-week low is ₹305.0.

What is the TTM revenue of Mishra Dhatu Nigam?

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