NSEI:MIDHANI

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet unattractive dividend payer.

Risks

  • Mishra Dhatu Nigam is not covered by any analysts.

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


Market Performance


7 Day Return

-3.9%

NSEI:MIDHANI

-0.2%

IN Metals and Mining

-0.7%

IN Market


1 Year Return

-17.0%

NSEI:MIDHANI

-31.0%

IN Metals and Mining

-12.1%

IN Market

MIDHANI outperformed the Metals and Mining industry which returned -31% over the past year.

MIDHANI underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

MIDHANIIndustryMarket
7 Day-3.9%-0.2%-0.7%
30 Day-2.6%-14.6%-5.7%
90 Day-6.2%-14.9%-4.3%
1 Year-14.6%-17.0%-28.2%-31.0%-10.4%-12.1%
3 Yearn/a5.0%-6.3%19.0%13.0%
5 Yearn/a-11.5%-25.6%37.9%25.2%

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

Valuation

Is Mishra Dhatu Nigam undervalued based on future cash flows and its price relative to the stock market?

15.3x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Mishra Dhatu Nigam's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Mishra Dhatu Nigam's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Mishra Dhatu Nigam is overvalued based on earnings compared to the IN Metals and Mining industry average.

Mishra Dhatu Nigam is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Mishra Dhatu Nigam, we can't assess if its growth is good value.


Price Based on Value of Assets

Mishra Dhatu Nigam is overvalued based on assets compared to the IN Metals and Mining industry average.


Next Steps

Future Growth

How is Mishra Dhatu Nigam expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Mishra Dhatu Nigam is high growth as no revenue estimate data is available.

Mishra Dhatu Nigam's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare Mishra Dhatu Nigam's revenue growth to the India market average as no estimate data is available.

Mishra Dhatu Nigam's earnings are expected to decrease over the next 1-3 years, this is below the India market average.

Mishra Dhatu Nigam's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Mishra Dhatu Nigam will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

6.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Mishra Dhatu Nigam's year on year earnings growth rate has been positive over the past 5 years.

Mishra Dhatu Nigam's 1-year earnings growth is less than its 5-year average (3.6% vs 6%)

Mishra Dhatu Nigam's earnings growth has not exceeded the IN Metals and Mining industry average in the past year (3.6% vs 11.4%).


Return on Equity

Mishra Dhatu Nigam has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Mishra Dhatu Nigam used its assets less efficiently than the IN Metals and Mining industry average last year based on Return on Assets.


Return on Capital Employed

Mishra Dhatu Nigam's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Mishra Dhatu Nigam's financial position?


Financial Position Analysis

Mishra Dhatu Nigam is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Mishra Dhatu Nigam's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Mishra Dhatu Nigam's level of debt (12.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (12.2% vs 12.8% today).

Debt is not well covered by operating cash flow (19%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 25.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 10.9x debt.


Next Steps

Dividend

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

1.90%

Current Dividend Yield


Dividend Yield and Payments Analysis

Mishra Dhatu Nigam's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).

Mishra Dhatu Nigam's dividend is below the markets top 25% of dividend payers in India (2.52%).

It is too early to tell whether Mishra Dhatu Nigam has stable dividend payments.

Mishra Dhatu Nigam only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Mishra Dhatu Nigam's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Dinesh Likhi (59yo)

3.9yrs

Tenure

₹3,966,249

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

Dinesh's remuneration is lower than average for companies of similar size in India.

Insufficient data for Dinesh to compare compensation growth.


Management Age and Tenure

3.1yrs

Average Tenure

55yo

Average Age

The tenure for the Mishra Dhatu Nigam management team is about average.


Board Age and Tenure

3.7yrs

Average Tenure

58.5yo

Average Age

The tenure for the Mishra Dhatu Nigam board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • B. Raj

    General Manager of Commercial & Business Development

  • Dinesh Likhi (59yo)

    Chairman & MD

    • Tenure: 3.9yrs
    • Compensation: 3.97m
  • Paul Antony

    Company Secretary & Compliance Officer

  • Achanta Rama Rao

    General Manager of Human Resource

  • Sanjeev Singhal (54yo)

    CFO, Director of Finance & Whole Time Director

    • Tenure: 2.6yrs
    • Compensation: 3.88m
  • Sanjay Jha (55yo)

    Whole Time Director and Director of Production & Marketing

    • Tenure: 3.1yrs
    • Compensation: 3.70m
  • Shaik Pasha

    Chief Vigilance Officer

  • Atchutaram Dasu

    General Manager of Operations


Board Members

  • Sanjeev Singhal (54yo)

    CFO, Director of Finance & Whole Time Director

    • Tenure: 2.6yrs
    • Compensation: 3.88m
  • Prem Kataria (58yo)

    Permanent Special Invitee

    • Tenure: 8.3yrs
  • Sanjay Jha (55yo)

    Whole Time Director and Director of Production & Marketing

    • Tenure: 3.1yrs
    • Compensation: 3.70m
  • Usha Ramachandra (57yo)

    Independent Director

    • Tenure: 3.7yrs
    • Compensation: 550.00k
  • Surendra Sinh (62yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: 145.00k
  • Dinesh Likhi (59yo)

    Chairman & MD

    • Tenure: 3.9yrs
    • Compensation: 3.97m
  • Sanjay Jaju

    Government Nominee Director

    • Tenure: 1.3yrs
  • Jyoti Mukhopadhyay (66yo)

    Independent Director

    • Tenure: 3.7yrs
    • Compensation: 225.00k
  • Indraganty Sarma (66yo)

    Independent Director

    • Tenure: 3.7yrs
    • Compensation: 335.00k

Company Information

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


Key Information

  • Name: Mishra Dhatu Nigam Limited
  • Ticker: MIDHANI
  • Exchange: NSEI
  • Founded: 1973
  • Industry: steel
  • Sector: materials
  • Market Cap: ₹21.582b
  • Shares outstanding: 187.34m
  • Website: Click here

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. The company offers special steels, including martensitic steel, ultra high strength steel, aust ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 13:03
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
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.