NSEI:MIDHANI

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Executive Summary

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


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

MIDHANIIndustryMarket
7 Day2.4%1.8%1.2%
30 Day1.1%20.7%7.1%
90 Day0.1%40.6%23.6%
1 Year83.6%82.1%12.7%8.8%6.3%4.3%
3 Yearn/a-18.1%-26.8%4.2%-0.7%
5 Yearn/a80.2%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

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

NamePositionTenureCompensationOwnership
Dinesh Likhi
Chairman & MD4.92yrs₹6.93mno data
Sanjay Jha
Chairman & MD0.25yr₹5.06mno data
Madhubala Kalluri
CFO and GM of Finance & Accounts0.17yrno datano data
Atchutaram Dasu
General Manager of Operationsno datano datano data
Paul Antony
Company Secretary & Compliance Officerno datano datano data
Achanta Rama Rao
General Manager of Human Resourceno datano datano data
Upender Vennam
Chief Vigilance Officerno datano datano data
K. Subramanian
General Manager of R&Dno datano datano 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

NamePositionTenureCompensationOwnership
Dinesh Likhi
Chairman & MD4.92yrs₹6.93mno data
Sanjay Jha
Chairman & MD0.25yr₹5.06mno data
Sanjay Jaju
Government Nominee Director2.25yrsno datano data
Indraganty Sarma
Independent Director4.67yrs₹320.00kno data
Jyoti Mukhopadhyay
Independent Director4.67yrs₹240.00kno data
Usha Ramachandra
Independent Director4.67yrs₹545.00kno data
Surendra Sinh
Independent Director2.83yrs₹75.00kno 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

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 streng ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 19:28
End of Day Share Price2020/08/14 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.