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Mishra Dhatu Nigam Ltd.

Iron & SteelSteel & Iron Products

www.midhani-india-in BSE: 541195NSE: MIDHANI

₹397.65BSE1.86%

16 Sep, 4:01 PM

₹397.65

₹7.48K Cr

55.45

4.83

8.92%

₹410.55

₹387.20

₹481.90

₹266.70

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Price Performance

Peer Comparison

Name
JSWSL JSWSTEEL	1,248.80	12.32	3,05,388.29	0.57	4,696.00	112.58%	47,364.00	9.77%	20.67
TATA STEEL TATASTEEL	182.85	20.69	2,28,259.99	2.19	2,385.24	18.82%	60,794.29	14.32%	12.70
STEEL AUTH. SAIL	173.05	16.73	71,478.74	1.36	1,644.05	120.80%	26,245.67	1.25%	7.08
WELCORP WELCORP	2,420.00	27.67	63,837.34	0.21	1,047.88	200.11%	4,081.12	14.91%	23.94
JSL JSL	730.60	18.54	60,232.10	0.55	768.66	7.56%	11,278.54	10.50%	19.19
APL APOLLO APLAPOLLO	2,116.50	47.81	58,766.40	0.40	263.11	10.94%	5,606.71	8.45%	31.83
SHYAMMETL SHYAMMETL	1,053.90	26.02	29,417.71	0.43	350.73	20.66%	5,455.09	23.33%	13.88
Mishra Dhatu Nigam Ltd. MIDHANI	397.65	55.45	7,483.30	0.53	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
Net Block	938.49	1,015.50	1,031.51	1,074.03	1,066.30
Capital Work in Progress	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
Contingent Liabilities	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

55.45

4.83

26.97

6.03

7.20

82.65

Profitability

8.92

12.17

4.29

19.74

10.88

Leverage & Liquidity

0.19

2.52

8.08

Returns

0.53

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
	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
	15.40	16.13	16.25	15.56	15.68	15.80	16.82	16.86	16.06
	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

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

10 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

Padavittan Babu

Executive Director - Marketing & Production

₹22.93 L

Mar '26

Prakash Rajpurohit

Government Nominee Director

—

VT Rema