Mishra Dhatu Nigam Ltd (MIDHANI) — shareholding pattern, promoter holding, financials and share price
About Mishra Dhatu Nigam Ltd (MIDHANI)
Mishra Dhatu Nigam Ltd operates in the Aerospace & Defense industry, within the Capital Goods sector. It trades on the NSE as MIDHANI and on the BSE under scrip code 541195. Its ISIN is INE099Z01011.
Mishra Dhatu Nigam Ltd (MIDHANI) manufactures superalloys, titanium, special purpose steel and other special metals. [1] It was incorporated in 1973 at Hyderabad as a Government of India Enterprise under the Ministry of Defence. [2] GoI still owns ~74% stake in the company after its IPO in 2018. [3]
Mishra Dhatu Nigam Limited (MIDHANI) is a government‑owned special metals and alloys manufacturer producing superalloys, titanium alloys, maraging and ultra‑high strength steels, serving aerospace, defence, space, nuclear and strategic industries from integrated melting to downstream processing.
Q3 FY26 operating momentum improved sharply: standalone turnover for Q3 reached ₹275.66 crore (31% sequential growth), Q3 PBT ₹39 crore and PAT ₹27.46 crore; nine‑month turnover was ~₹656 crore with value of production expanding, showing quarter‑level recovery despite 9M revenue softness.
Listed peers in Aerospace & Defense: Paras Defence and Space Technologies Ltd, AXISCADES Technologies Ltd, Unimech Aerospace and Manufacturing Ltd, Avantel Ltd, Ideaforge Technology Ltd, Rossell Techsys Ltd.
Valuation & Returns
10 Jul 2026At ₹415.5 a share on 10 Jul 2026, Mishra Dhatu Nigam Ltd (MIDHANI) was valued at a price-to-earnings ratio of 59.21x against an industry P/E of 46.65x and a price-to-book of 5.5x on a book value of ₹75.53 per share as of Mar 2025. Solomo computes return on equity of 9.29% and return on capital employed of 11.89% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 59.21x
- Industry P/E
- 46.65x
- P/B
- 5.5x
- EPS (TTM)
- ₹7.02
- Book value / share
- ₹75.53
- ROE
- 9.29%
- ROCE
- 11.89%
- ROA
- 4.51%
- Debt / equity
- 0.25x
- Dividend yield
- 0.36%
- EBITDA margin
- 23.37%
- 52-week range
- ₹266.7 – ₹457.65
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Mishra Dhatu Nigam Ltd (MIDHANI) reported revenue of ₹1,209 crore, net profit of ₹131 crore and earnings per share of ₹7.02. That compares with revenue of ₹1,074 crore and net profit of ₹111 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹553 crore and net profit ₹78 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 859 | 872 | 1,073 | 1,074 | 1,209 |
| Net profit (₹ cr) | 177 | 156 | 92 | 111 | 131 |
| EPS (₹) | 9.43 | 8.34 | 4.9 | 5.92 | 7.02 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 3.90% | 8.54% | 7.71% | 0.13% |
| Profit growth | -0.90% | -7.18% | -14.53% | 20.77% |
| Stock price CAGR | - | 16% | 9% | -4% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74% of Mishra Dhatu Nigam Ltd (MIDHANI) (unchanged from the previous quarter), foreign institutional investors (FII) hold 2.56% and domestic institutional investors (DII) hold 7.37%. Market capitalisation was ₹7,784 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2018.
Largest disclosed public shareholders in Jun 2026: HDFC TRUSTEE COMPANY LTD. A/C HDFC BALANCED ADVANTAGE FUND 3.44%, NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND 1.73%, THE NEW INDIA ASSURANCE COMPANY LIMITED 1.01%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74% | - | 2.56% | 7.37% | 26% |
| Mar 2026 | 74% | - | 1.32% | 7.82% | 26% |
| Dec 2025 | 74% | - | 1.25% | 7.92% | 26% |
| Sep 2025 | 74% | - | 1.37% | 8.83% | 26% |
| Jun 2025 | 74% | - | 1.34% | 8.98% | 26% |
| Mar 2025 | 74% | - | 1.65% | 8.79% | 26% |
| Dec 2024 | 74% | - | 1.26% | 8.49% | 26% |
| Sep 2024 | 74% | - | 1.42% | 8.45% | 26% |