Search & Analyze

Mishra Dhatu Nigam Ltd.

363.55−15.00 (−3.96%)

BSE · 30 Oct, 4:01 PM

: ₹6,758.29 Cr
: 50.07
: 24,169
: ₹378.00 - ₹359.10
: ₹481.90 - ₹266.70

Mishra Dhatu Nigam Ltd. (MIDHANI) share price closed at ₹363.55 on the BSE on Friday, October 30, 2026, down by 3.96% from its of ₹378.55. In that session MIDHANI reached a of 378.00 and of 359.10. The for the session was 364.75. The stands at 417.86 and is at 390.44. Looking at , the stock ended the session in Downtrend.

Stock Overview

₹378.00

₹378.55

₹364.75

₹417.86

Price 13.00% below

₹390.44

Price 6.89% below

Key Fundamentals

: 6,758.29 Cr₹6.76 Thousand Crore
: 7.20
: 50.07
: 4.37
: 82.65
: 280.90 Cr₹280.90 Crore
: 0.58 %
Sector
Industry: Steel & Iron Products
: 8.92
: 0.19

Industry Comparison

Ratio	Company	Sector
	50.07	21.55
	0.19	0.32
	4.37	2.19
	2.52	1.48
	0.58 %	0.08 %
Operating Margin	19.74 %	9.83 %

Sector figures are the median of 83 listed Iron & Steel companies.

Peer Comparison

Name
JSWSL JSWSTEEL	1,245.00	10.71	3,04,459.02	0.57	5,359.00	225.58%	54,486.00	20.67%	20.67
TATA STEEL TATASTEEL	167.70	18.97	2,09,347.56	2.39	2,385.24	18.82%	60,794.29	14.32%	12.70
STEEL AUTH. SAIL	159.70	11.77	65,964.49	1.47	1,750.47	318.05%	31,997.55	19.82%	7.08
WELCORP WELCORP	2,334.60	26.01	61,584.56	0.21	495.09	11.63%	4,643.72	6.18%	23.94
APL APOLLO APLAPOLLO	2,161.00	45.81	60,001.98	0.39	382.42	26.82%	7,001.70	26.58%	31.83
JSL JSL	673.50	16.66	55,524.66	0.59	897.75	11.12%	12,873.86	18.19%	19.19
SHYAMMETL SHYAMMETL	1,165.00	28.92	32,518.86	0.39	350.73	20.66%	5,455.09	23.33%	13.88
Mishra Dhatu Nigam Ltd. MIDHANI	363.55	50.07	6,758.29	0.58	16.47	27.00%	239.49	40.47%	12.17

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	405.50	163.45	262.12	237.97	410.56	170.50	209.73	275.66	552.75	239.49
Expenses	325.09	140.16	213.16	185.52	317.22	136.33	176.98	221.02	436.73	202.88
	80.40	23.30	48.96	52.45	93.34	34.17	32.75	54.64	116.02	36.61
	19.83%	14.25%	18.68%	22.04%	22.74%	20.04%	15.62%	19.82%	20.99%	15.29%
	8.13	7.77	8.54	7.01	7.60	7.12	8.93	7.56	14.40	9.98
Interest	8.41	6.85	7.89	7.29	7.43	6.17	5.79	6.34	6.75	6.08
	15.46	15.27	15.69	16.18	16.35	16.12	16.77	16.89	16.67	16.60
	64.64	9.14	34.19	36.25	77.22	19.16	19.31	39.15	107.15	24.07
	28.30%	42.11%	30.34%	29.60%	27.22%	32.33%	32.89%	29.40%	27.30%	31.58%
	46.34	5.29	23.82	25.52	56.20	12.97	12.96	27.64	77.90	16.47
	2.47	0.28	1.27	1.36	3.00	0.69	0.69	1.48	4.16	0.88

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	860.59	871.94	1,072.67	1,074.10	1,208.63
	859.49	871.94	1,072.67	1,074.10	1,208.63
EXPENDITURE :
Increase/Decrease in Stock	-154.10	-228.32	-74.97	8.48	14.71
Raw Material Consumed	344.90	391.18	523.47	422.22	505.61
Power & Fuel Cost	63.01	102.79	90.09	90.42	105.18
Employee Cost	121.30	123.98	131.38	139.87	142.31
Other Manufacturing Expenses	167.57	165.62	160.69	151.48	159.31
General and Administration Expenses	20.93	21.93	23.63	24.14	28.62
Selling and Distribution Expenses	20.61	25.63	14.97	12.08	8.15
Miscellaneous Expenses	11.89	10.46	8.36	6.39	6.11
	596.11	613.26	877.64	855.07	969.99
Operating Profit (Excl OI)	263.38	258.68	195.04	219.03	238.63
	31.31	37.78	29.94	30.92	38.01
	294.68	296.46	224.97	249.95	276.64
Interest	22.57	26.91	35.46	30.43	26.11
PBDT	272.12	269.55	189.51	219.52	250.53
	33.00	53.00	58.55	63.48	66.44
Profit Before Taxation & Exceptional Items	239.12	216.55	130.96	156.04	184.09
	239.43	216.94	131.48	156.81	184.77
Provision for Tax	62.81	60.67	39.70	45.97	53.31
	176.62	156.26	91.78	110.84	131.47
Extra items			0.00	0.00	0.00
Consolidated Net Profit	176.62	156.26	91.78	110.84	131.47
Profit Balance B/F	87.71	102.50	98.44	66.52	82.30
Appropriations	264.32	258.76	190.22	177.36	213.77
Equity Dividend %	31.00%	33.50%	14.10%	7.50%	21.00%
	9.43	8.34	4.90	5.92	7.02
Adjusted EPS	9.43	8.34	4.90	5.92	7.02

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	187.34	187.34	187.34	187.34	187.34
Total Reserves	1,002.19	1,098.06	1,131.82	1,227.63	1,344.64
Reserve excluding Revaluation Reserve	1,002.19	1,098.06	1,131.82	1,227.63	1,344.64
	1,189.53	1,285.40	1,319.16	1,414.97	1,531.98
Secured Loans	27.76	67.36	59.14	39.08	19.06
Deferred Tax Assets / Liabilities	35.17	39.57	44.68	51.84	56.05
Other Long Term Liabilities	723.24	667.73	705.22	720.87	770.85
Long Term Provisions	1.63	1.85	2.08	2.32	2.41
Total Non-Current Liabilities	787.80	776.50	811.12	814.12	848.37
Trade Payables	175.88	145.78	119.97	93.27	113.87
Other Current Liabilities	353.81	324.79	380.64	386.94	449.52
Short Term Borrowings	239.82	300.00	245.00	175.00	244.96
Short Term Provisions	32.63	30.34	29.53	30.36	32.61
Total Current Liabilities	802.14	800.91	775.14	685.56	840.95
Total Liabilities	2,779.47	2,862.81	2,905.43	2,914.65	3,221.30
Gross Block	1,098.30	1,228.06	1,301.24	1,405.43	1,462.57
Less: Accumulated Depreciation	159.82	212.56	269.73	331.39	396.26
	938.49	1,015.50	1,031.51	1,074.03	1,066.30
	131.87	79.64	83.06	25.09	15.80
Non Current Investments	20.91	21.30	21.82	25.32	23.90
Long Term Investment	20.91	21.30	21.82	25.32	23.90
Long Term Loans & Advances	9.92	2.82	1.95	3.61	0.00
Total Non-Current Assets	1,101.18	1,119.27	1,138.34	1,128.05	1,106.01
Inventories	1,091.49	1,224.84	1,309.72	1,280.98	1,332.61
Sundry Debtors	306.31	315.80	323.00	410.31	554.23
Cash and Bank	62.58	14.42	16.61	51.02	192.21
Other Current Assets	6.21	3.35	3.52	5.11	6.85
Short Term Loans and Advances	211.70	185.13	114.23	39.18	29.40
Total Current Assets	1,678.29	1,743.54	1,767.09	1,786.60	2,115.30
Net Current Assets (Including Current Investments)	876.15	942.63	991.94	1,101.03	1,274.35
Total Assets	2,779.47	2,862.81	2,905.43	2,914.65	3,221.30
	269.73	247.89	311.34	291.35	449.12
Total Debt	267.58	387.35	324.14	234.08	284.02
	63.50	68.61	70.42	75.53	81.78
Adjusted Book Value	63.50	68.61	70.42	75.53	81.78

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	239.93	216.55	131.48	156.81	184.77
Adjustment	37.07	63.48	78.28	74.94	73.63
Changes In working Capital	-202.05	-263.34	39.68	21.55	-57.85
Cash Flow after changes in Working Capital	74.95	16.68	249.44	253.31	200.55
Cash Flow from Operating Activities	5.11	-35.41	215.64	216.96	154.67
Cash Flow from Investing Activities	-67.77	-2.95	-65.16	-96.17	-149.58
Cash Flow from Financing Activitie	38.66	42.78	-148.30	-126.38	16.12
Net Cash Inflow / Outflow	-23.99	4.41	2.19	-5.59	21.21
Opening Cash & Cash Equivalents	33.87	9.88	14.29	16.48	10.88
Closing Cash & Cash Equivalent	9.88	14.29	16.48	10.88	32.09

Ratios

Valuation

50.07

4.37

24.39

5.45

7.20

82.65

Profitability

8.92

12.17

4.29

19.74

10.88

Leverage & Liquidity

0.19

2.52

8.08

Returns

0.58

0.39

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00	74.00
	10.60	9.87	9.74	10.44	10.32	10.20	9.17	9.14	9.93	9.39
	15.40	16.13	16.25	15.56	15.68	15.80	16.82	16.86	16.06	16.61
	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00	26.00
No. of Shareholders	1,42,559	1,53,279	1,56,888	1,57,106	1,64,891	1,62,111	1,66,811	1,64,331	1,54,762	1,56,612

Mutual Funds Invested(18)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 5 active funds hold 5.32% in Mishra Dhatu Nigam Ltd., contributing to ₹436 Cr of holdings

Fund				As of
HD HDFC Balanced Advantage Fund - Growth - Direct PlanHybrid - Balanced Advantage	282.28	0.28	64,50,000	Sep '26
NI Nippon India Small Cap Fund - Growth - Direct PlanSmall cap Fund	113.32	0.14	25,89,175	Sep '26
MO Motilal Oswal Nifty India Defence Index Fund - Growth - Direct PlanIndex Funds - Other	28.82	0.53	6,58,630	Sep '26
NI Nippon India Retirement Fund - Wealth Creation Scheme - Growth - Direct PlanEquity Oriented	28.11	0.96	6,42,358	Sep '26
BO Bank of India Small Cap Fund - Growth - Direct PlanSmall cap Fund	11.67	0.32	2,66,639	Sep '26
AB Aditya Birla Sun Life Nifty India Defence Index Fund - Growth - Direct PlanIndex Funds - Other	7.48	0.53	1,70,806	Sep '26
MO Motilal Oswal Nifty India Defence ETFIndex	6.84	0.53	1,56,190	Sep '26
MO Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct PlanIndex Funds - Other	5.78	0.24	1,32,179	Sep '26
AX Axis Nifty India Defence Index Fund - Growth - Direct PlanIndex Funds - Other	1.95	0.53	44,651	Sep '26
IN Groww Nifty India Defence ETFIndex	1.91	0.53	43,635	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-09-09	AGM
2026-08-04	Board Meeting	Quarterly Results
2026-05-29	Ex Dividend	Rs.1.2500 per share(12.5%)Final Dividend	2026-09-23	2026-09-23

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Iron & SteelSteel & Iron Products

Mishra Dhatu Nigam Ltd. operates in the Iron & Steel sector under the Steel & Iron Products industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

11 members across the board and senior leadership

Paul Antony

Company Secretary & Compliance Officer

—

SVS Narayana Murty

Chairman & Managing Director

₹61.14 L

Mar '26

Madhubala Kalluri

Executive Director - Finance & CFO

₹36.79 L

Mar '26

Prakash Rajpurohit

Government Nominee Director

—

Padavittan Babu

Executive Director - Marketing & Production

₹22.93 L

Mar '26

VT Rema