Mishra Dhatu Nigam
Market Cap
₹39.3b
Last Updated
2020/08/14 19:28 UTC
Data Sources
Company Financials +
Executive Summary
Mishra Dhatu Nigam Limited manufactures and sells special steels, super alloys, and titanium alloys in India and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with proven 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: MIDHANI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.4%
MIDHANI
1.8%
IN Metals and Mining
1.2%
IN Market
1 Year Return
82.1%
MIDHANI
8.8%
IN Metals and Mining
4.3%
IN Market
Return vs Industry: MIDHANI exceeded the Indian Metals and Mining industry which returned 8.8% over the past year.
Return vs Market: MIDHANI exceeded the Indian Market which returned 4.3% over the past year.
Shareholder returns
| MIDHANI | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.4% | 1.8% | 1.2% |
| 30 Day | 1.1% | 20.7% | 7.1% |
| 90 Day | 0.1% | 40.6% | 23.6% |
| 1 Year | 83.6%82.1% | 12.7%8.8% | 6.3%4.3% |
| 3 Year | n/a | -18.1%-26.8% | 4.2%-0.7% |
| 5 Year | n/a | 80.2%49.7% | 34.4%24.4% |
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
4 days ago | Simply Wall St
Is Now The Time To Put Mishra Dhatu Nigam (NSE:MIDHANI) On Your Watchlist?2 weeks ago | Simply Wall St
Did Mishra Dhatu Nigam's (NSE:MIDHANI) Share Price Deserve to Gain 79%?4 weeks ago | Simply Wall St
Should You Or Shouldn't You: A Dividend Analysis on Mishra Dhatu Nigam Limited (NSE:MIDHANI)Valuation
Is Mishra Dhatu Nigam undervalued compared to its fair value and its price relative to the market?
24.85x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MIDHANI (₹209.75) is trading above our estimate of fair value (₹23.68)
Significantly Below Fair Value: MIDHANI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MIDHANI is poor value based on its PE Ratio (24.9x) compared to the IN Metals and Mining industry average (10.5x).
PE vs Market: MIDHANI is poor value based on its PE Ratio (24.9x) compared to the Indian market (14.6x).
Price to Earnings Growth Ratio
PEG Ratio: MIDHANI is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: MIDHANI is overvalued based on its PB Ratio (4.1x) compared to the IN Metals and Mining industry average (0.7x).
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?
20.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIDHANI's forecast earnings growth (20.8% per year) is above the savings rate (7.2%).
Earnings vs Market: MIDHANI's earnings (20.8% per year) are forecast to grow slower than the Indian market (24.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MIDHANI's revenue (18.2% per year) is forecast to grow faster than the Indian market (10.6% per year).
High Growth Revenue: MIDHANI's revenue (18.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MIDHANI's Return on Equity is forecast to be low in 3 years time (19.2%).
Next Steps
Past Performance
How has Mishra Dhatu Nigam performed over the past 5 years?
9.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIDHANI has a high level of non-cash earnings.
Growing Profit Margin: MIDHANI's current net profit margins (22.2%) are higher than last year (18.4%).
Past Earnings Growth Analysis
Earnings Trend: MIDHANI's earnings have grown by 9.1% per year over the past 5 years.
Accelerating Growth: MIDHANI's earnings growth over the past year (21%) exceeds its 5-year average (9.1% per year).
Earnings vs Industry: MIDHANI earnings growth over the past year (21%) exceeded the Metals and Mining industry -24.7%.
Return on Equity
High ROE: MIDHANI's Return on Equity (16.5%) is considered low.
Next Steps
Financial Health
How is Mishra Dhatu Nigam's financial position?
Financial Position Analysis
Short Term Liabilities: MIDHANI's short term assets (₹15.1B) exceed its short term liabilities (₹7.0B).
Long Term Liabilities: MIDHANI's short term assets (₹15.1B) exceed its long term liabilities (₹7.4B).
Debt to Equity History and Analysis
Debt Level: MIDHANI's debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: MIDHANI's debt to equity ratio has increased from 10.8% to 14% over the past 5 years.
Debt Coverage: MIDHANI's debt is well covered by operating cash flow (153%).
Interest Coverage: MIDHANI's interest payments on its debt are well covered by EBIT (29x coverage).
Balance Sheet
Next Steps
Dividend
What is Mishra Dhatu Nigam current dividend yield, its reliability and sustainability?
1.22%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MIDHANI's dividend (1.22%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: MIDHANI's dividend (1.22%) is low compared to the top 25% of dividend payers in the Indian market (2.51%).
Stability and Growth of Payments
Stable Dividend: MIDHANI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MIDHANI's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.3%), MIDHANI's dividend payments are well 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?
0.3yrs
Average management tenure
CEO
Dinesh Likhi (60 yo)
4.92yrs
Tenure
₹6,931,703
Compensation
Dr. Dinesh Kumar Likhi had been a Chairman and Managing Director of Mishra Dhatu Nigam Limited since September 1, 2015 until April 30, 2020 and its Director since September 01, 2011 until April 30, 2020. H ...
CEO Compensation Analysis
Compensation vs Market: Dinesh's total compensation ($USD92.58K) is below average for companies of similar size in the Indian market ($USD344.31K).
Compensation vs Earnings: Dinesh's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 4.92yrs | ₹6.93m | no data | |
| Chairman & MD | 0.25yr | ₹5.06m | no data | |
| CFO and GM of Finance & Accounts | 0.17yr | no data | no data | |
| General Manager of Operations | no data | no data | no data | |
| Company Secretary & Compliance Officer | no data | no data | no data | |
| General Manager of Human Resource | no data | no data | no data | |
| Chief Vigilance Officer | no data | no data | no data | |
| General Manager of R&D | no data | no data | no data |
0.3yrs
Average Tenure
Experienced Management: MIDHANI's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 4.92yrs | ₹6.93m | no data | |
| Chairman & MD | 0.25yr | ₹5.06m | no data | |
| Government Nominee Director | 2.25yrs | no data | no data | |
| Independent Director | 4.67yrs | ₹320.00k | no data | |
| Independent Director | 4.67yrs | ₹240.00k | no data | |
| Independent Director | 4.67yrs | ₹545.00k | no data | |
| Independent Director | 2.83yrs | ₹75.00k | no data |
4.7yrs
Average Tenure
61.5yo
Average Age
Experienced Board: MIDHANI's board of directors are considered experienced (4.7 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: MIDHANI
- Exchange: NSEI
- Founded: 1973
- Industry: Steel
- Sector: Materials
- Market Cap: ₹39.295b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MIDHANI | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Apr 2018 |
| 541195 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Apr 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 streng ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/14 19:28 |
| End of Day Share Price | 2020/08/14 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.