BSE:541195

Stock Analysis Report

Mishra Dhatu Nigam

Executive Summary

Mishra Dhatu Nigam Limited manufactures and sells special steels, super alloys, and titanium alloys in India and internationally.


Snowflake Analysis

Flawless balance sheet with outstanding track record.


Similar Companies

Share Price & News

How has Mishra Dhatu Nigam's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 541195's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.0%

541195

0.4%

IN Metals and Mining

-3.6%

IN Market


1 Year Return

24.7%

541195

-51.9%

IN Metals and Mining

-32.1%

IN Market

Return vs Industry: 541195 exceeded the Indian Metals and Mining industry which returned -51.9% over the past year.

Return vs Market: 541195 exceeded the Indian Market which returned -32.1% over the past year.


Shareholder returns

541195IndustryMarket
7 Day-2.0%0.4%-3.6%
30 Day-26.1%-31.7%-26.9%
90 Day13.1%-45.1%-31.5%
1 Year25.8%24.7%-51.0%-51.9%-30.7%-32.1%
3 Yearn/a-47.3%-52.6%-19.7%-24.1%
5 Yearn/a-24.0%-37.0%-10.4%-15.2%

Price Volatility Vs. Market

How volatile is Mishra Dhatu Nigam's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mishra Dhatu Nigam undervalued compared to its fair value and its price relative to the market?

16.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 541195 (₹172.8) is trading above our estimate of fair value (₹17.81)

Significantly Below Fair Value: 541195 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 541195 is poor value based on its PE Ratio (16.2x) compared to the Metals and Mining industry average (6.3x).

PE vs Market: 541195 is poor value based on its PE Ratio (16.2x) compared to the Indian market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: 541195 is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 541195 is overvalued based on its PB Ratio (3.7x) compared to the IN Metals and Mining industry average (0.5x).


Next Steps

Future Growth

How is Mishra Dhatu Nigam forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

15.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 541195's forecast earnings growth (15.7% per year) is above the savings rate (6.5%).

Earnings vs Market: 541195's earnings (15.7% per year) are forecast to grow slower than the Indian market (19.2% per year).

High Growth Earnings: 541195's earnings are forecast to grow, but not significantly.

Revenue vs Market: 541195's revenue (18.3% per year) is forecast to grow faster than the Indian market (8.8% per year).

High Growth Revenue: 541195's revenue (18.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 541195's Return on Equity is forecast to be high in 3 years time (20.8%)


Next Steps

Past Performance

How has Mishra Dhatu Nigam performed over the past 5 years?

9.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 541195 has high quality earnings.

Growing Profit Margin: 541195's current net profit margins (23.6%) are higher than last year (18.6%).


Past Earnings Growth Analysis

Earnings Trend: 541195's earnings have grown by 9.3% per year over the past 5 years.

Accelerating Growth: 541195's earnings growth over the past year (56.3%) exceeds its 5-year average (9.3% per year).

Earnings vs Industry: 541195 earnings growth over the past year (56.3%) exceeded the Metals and Mining industry -7.1%.


Return on Equity

High ROE: 541195's Return on Equity (22.7%) is considered high.


Next Steps

Financial Health

How is Mishra Dhatu Nigam's financial position?


Financial Position Analysis

Short Term Liabilities: 541195's short term assets (₹14.1B) exceed its short term liabilities (₹6.5B).

Long Term Liabilities: 541195's short term assets (₹14.1B) exceed its long term liabilities (₹6.7B).


Debt to Equity History and Analysis

Debt Level: 541195's debt to equity ratio (6.9%) is considered satisfactory.

Reducing Debt: 541195's debt to equity ratio has reduced from 11.3% to 6.9% over the past 5 years.

Debt Coverage: 541195's debt is well covered by operating cash flow (684.3%).

Interest Coverage: 541195 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 541195 has a high level of physical assets or inventory.

Debt Coverage by Assets: 541195's debt is covered by short term assets (assets are 23.4x debt).


Next Steps

Dividend

What is Mishra Dhatu Nigam's current dividend yield, its reliability and sustainability?

0.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 541195's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.96%).

High Dividend: 541195's dividend (0.88%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).


Stability and Growth of Payments

Stable Dividend: 541195 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 541195 has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.2%), 541195's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average board tenure


CEO

Dinesh Likhi (59yo)

4.58s

Tenure

₹6,931,703

Compensation

Dr. Dinesh Kumar Likhi has been Chairman and Managing Director of Mishra Dhatu Nigam Limited since September 1, 2015 and its Director since September 01, 2011. He has thirty five (35) years of experience i ...


CEO Compensation Analysis

Compensation vs Market: Dinesh's total compensation ($USD90.85K) is below average for companies of similar size in the Indian market ($USD344.71K).

Compensation vs Earnings: Dinesh's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Dinesh Likhi
Chairman & MD4.58yrs₹6.93mno data
Sanjay Jha
Whole Time Director and Director of Production & Marketing3.75yrs₹5.06mno data
Sanjay Jaju
Government Nominee Director1.92yrsno datano data
Indraganty Sarma
Independent Director4.33yrs₹320.00kno data
Jyoti Mukhopadhyay
Independent Director4.33yrs₹240.00kno data
Usha Ramachandra
Independent Director4.33yrs₹545.00kno data
Surendra Sinh
Independent Director2.5yrs₹75.00kno data

4.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 541195's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mishra Dhatu Nigam Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mishra Dhatu Nigam Limited
  • Ticker: 541195
  • Exchange: BSE
  • Founded: 1973
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₹32.326b
  • Shares outstanding: 187.34m
  • Website: https://www.midhani-india.in

Number of Employees


Location

  • Mishra Dhatu Nigam Limited
  • PO Kanchanbagh
  • Hyderabad
  • Andhra Pradesh
  • 500058
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIDHANINSEI (National Stock Exchange of India)YesEquity SharesININRApr 2018
541195BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2018

Biography

Mishra Dhatu Nigam Limited manufactures and sells special steels, super alloys, and titanium alloys in India and internationally. The company offers special steels, including martensitic steel, high strength special steel, austenitic steel, and precipitation hardening steel; nickel base, iron base, and cobalt base super alloys used in aeronautics, space, nuclear, chemical, petrochemical, power generation, and furnace industries; and titanium. It also provides soft magnetic and controlled expansion alloys; bars, bright bars, and wire/fine wire; and hot and cold rolled sheets, and strip, as well as open-die forging products. In addition, the company offers special weld consumables, fasteners, biomedical implants, and armour products. The company was founded in 1973 and is based in Hyderabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/05 15:06
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.