Mishra Dhatu Nigam Past Earnings Performance
Past criteria checks 2/6
Mishra Dhatu Nigam's earnings have been declining at an average annual rate of -12.6%, while the Metals and Mining industry saw earnings growing at 15.7% annually. Revenues have been growing at an average rate of 7.8% per year. Mishra Dhatu Nigam's return on equity is 8.8%, and it has net margins of 10.6%.
Key information
-12.65%
Earnings growth rate
-12.63%
EPS growth rate
| Metals and Mining Industry Growth | 25.90% |
| Revenue growth rate | 7.80% |
| Return on equity | 8.81% |
| Net Margin | 10.56% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • Aug 18
MIDHANI: Upcoming FY26 And Q1 FY27 Results Will Reveal Undervalued Upside
Analysts have revised their price target for Mishra Dhatu Nigam from ₹455 to ₹492.5, citing updated assumptions that include a slightly lower discount rate, modest adjustments to revenue growth expectations, a higher profit margin outlook, and a reduced future P/E multiple. What’s in the News for Mishra Dhatu Nigam Mishra Dhatu Nigam has scheduled a board meeting on May 29, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.Narrative Update • Jun 06
MIDHANI: Interim Dividend And Upcoming Results Will Shape Measured Future Upside
Analysts have adjusted their price target for Mishra Dhatu Nigam from ₹445 to ₹455, reflecting updated assumptions on the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News A board meeting is scheduled for May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, and to consider other matters.Narrative Update • Apr 22
MIDHANI: Order Book Strength And Interim Dividend Will Support Future Upside
The analyst fair value estimate for Mishra Dhatu Nigam is maintained at ₹445, with minor model tweaks in the discount rate, revenue growth, profit margin and future P/E assumptions prompting a reaffirmed price target rather than a directional shift. What's in the News The board approved an interim dividend of ₹0.85 per share, equal to 8.50% on a face value of ₹10, for FY 2025-26, with a record date of 19 March 2026 for shareholder entitlement (company filing).Narrative Update • Apr 08
MIDHANI: Solid Order Book And Dividend Will Support Future Returns
Analysts have maintained the fair value estimate for Mishra Dhatu Nigam at ₹445. This reflects updated views on the discount rate, revenue growth, profit margin and forward P/E assumptions, without any change in the overall price target.Narrative Update • Mar 24
MIDHANI: Robust Order Book And Dividend Payout Will Support Future Earnings
Analysts have kept their price target for Mishra Dhatu Nigam steady at ₹445, reflecting only marginal tweaks to inputs like discount rate, revenue growth, profit margin and future P/E assumptions rather than a meaningful change in their overall view. What's in the News The board approved an interim dividend of ₹0.85 per equity share with a face value of ₹10 for FY 2025-26, with a record date set for 19 March 2026 (company filing).Narrative Update • Mar 10
MIDHANI: Strong Order Book And Margins Will Support Future Earnings
Analysts have maintained their fair value estimate for Mishra Dhatu Nigam at ₹445, with only minor adjustments to inputs such as the discount rate, growth outlook and future P/E assumptions supporting this unchanged price target. What's in the News A board meeting is scheduled for March 13, 2026, to consider a proposal for an interim dividend for FY 2025-26 (company filing).Narrative Update • Feb 23
MIDHANI: Large Order Book And Margin Outlook Will Support Future Earnings
Analysts have reaffirmed their price target for Mishra Dhatu Nigam at ₹445, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E that they view as better aligned with the current outlook for the business. What's in the News Board meeting scheduled on February 12, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).Narrative Update • Feb 07
MIDHANI: Strong Order Book Will Support Earnings Momentum Ahead
Analysts have kept their fair value estimate for Mishra Dhatu Nigam steady at ₹445. Small adjustments to the discount rate and future P/E assumptions have contributed to maintaining this price target.Analysis Article • Jan 25
Mishra Dhatu Nigam's (NSE:MIDHANI) Returns Have Hit A Wall
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Narrative Update • Jan 24
MIDHANI: Large Order Book And New Order Win Will Drive Earnings
Analysts have kept their fair value estimate for Mishra Dhatu Nigam steady at ₹445, with small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions reflecting refreshed but broadly unchanged views on the stock's risk and earnings profile. What's in the News Mishra Dhatu Nigam Limited (MIDHANI) secured a new client order worth ₹1,217.5 million, taking its open order position to around ₹25,200 million (Client Announcements).Narrative Update • Jan 09
MIDHANI: Large Order Book Will Support Future Earnings Momentum
Analysts have held Mishra Dhatu Nigam's fair value estimate steady at ₹445.0, with only marginal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. This reflects largely unchanged views on the stock's risk and earnings profile.Narrative Update • Dec 21
MIDHANI: Strong Order Book Will Drive Future Earnings Momentum
Analysts have nudged their price target on Mishra Dhatu Nigam slightly higher to ₹445.0, reflecting largely unchanged assumptions on growth, margins, and valuation multiples that continue to support its fair value assessment. What's in the News Board meeting scheduled for November 13, 2025, to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).Analysis Article • Dec 09
Mishra Dhatu Nigam Limited's (NSE:MIDHANI) P/E Still Appears To Be Reasonable
When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 25x, you may consider Mishra...Narrative Update • Dec 07
MIDHANI: Expanding Order Book Will Drive Strong Earnings Momentum Ahead
Analysts have nudged their price target on Mishra Dhatu Nigam slightly higher to reflect a fair value of ₹445.0. This is supported by expectations of sustained revenue growth, stable profit margins, and a marginally higher future earnings multiple. What's in the News Mishra Dhatu Nigam has secured a new client order worth INR 3,060 million, taking its total order book to approximately INR 22,120 million (company filing, SEBI LODR Regulation 30).Narrative Update • Nov 22
MIDHANI: Recent Large Client Order Will Drive Robust Earnings Ahead
Analysts have raised their price target for Mishra Dhatu Nigam from ₹375 to ₹445, noting updated expectations for earnings, a higher long-term discount rate, and moderated forecasts for revenue growth and profit margin. What's in the News Mishra Dhatu Nigam Limited (MIDHANI) has scheduled a Board Meeting on November 13, 2025, to consider and approve Un-Audited Financial Results for the quarter and half-year ended September 30, 2025, along with several key auditor appointments (company announcement).Analysis Article • Oct 01
Is Mishra Dhatu Nigam (NSE:MIDHANI) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Sep 13
Returns At Mishra Dhatu Nigam (NSE:MIDHANI) Appear To Be Weighed Down
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Jun 30
Here's Why Mishra Dhatu Nigam (NSE:MIDHANI) Can Manage Its Debt Responsibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jun 01
Here's What To Make Of Mishra Dhatu Nigam's (NSE:MIDHANI) Decelerating Rates Of Return
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • May 14
Market Participants Recognise Mishra Dhatu Nigam Limited's (NSE:MIDHANI) Earnings Pushing Shares 28% Higher
Mishra Dhatu Nigam Limited ( NSE:MIDHANI ) shares have had a really impressive month, gaining 28% after a shaky period...Analysis Article • Feb 19
Why We're Not Concerned Yet About Mishra Dhatu Nigam Limited's (NSE:MIDHANI) 26% Share Price Plunge
The Mishra Dhatu Nigam Limited ( NSE:MIDHANI ) share price has fared very poorly over the last month, falling by a...
New Narrative • Feb 09
Supercritical Alloy Development And Titanium Expansion Will Open New Market Opportunities
Strategic partnerships and expanding titanium production align with growing aerospace and defense demand, likely enhancing revenue and profit margins.Analysis Article • Dec 04
Earnings Tell The Story For Mishra Dhatu Nigam Limited (NSE:MIDHANI)
Mishra Dhatu Nigam Limited's ( NSE:MIDHANI ) price-to-earnings (or "P/E") ratio of 78.2x might make it look like a...Analysis Article • Nov 14
Be Wary Of Mishra Dhatu Nigam (NSE:MIDHANI) And Its Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Sep 23
Mishra Dhatu Nigam Limited's (NSE:MIDHANI) CEO Compensation Looks Acceptable To Us And Here's Why
Key Insights Mishra Dhatu Nigam will host its Annual General Meeting on 30th of September Total pay for CEO Sanjay Jha...Analysis Article • Aug 07
Mishra Dhatu Nigam's (NSE:MIDHANI) Returns On Capital Not Reflecting Well On The Business
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Analysis Article • Apr 25
Mishra Dhatu Nigam Limited's (NSE:MIDHANI) Share Price Not Quite Adding Up
With a price-to-earnings (or "P/E") ratio of 74.2x Mishra Dhatu Nigam Limited ( NSE:MIDHANI ) may be sending very...Analysis Article • Mar 17
Mishra Dhatu Nigam's (NSE:MIDHANI) Shareholders Will Receive A Smaller Dividend Than Last Year
Mishra Dhatu Nigam Limited's ( NSE:MIDHANI ) dividend is being reduced by 16% to ₹1.41 per share on 13th of April, in...Analysis Article • Mar 01
Is Mishra Dhatu Nigam (NSE:MIDHANI) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jan 18
Mishra Dhatu Nigam (NSE:MIDHANI) Will Be Hoping To Turn Its Returns On Capital Around
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...Analysis Article • Nov 10
Here's Why Mishra Dhatu Nigam (NSE:MIDHANI) Has A Meaningful Debt Burden
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Sep 10
Mishra Dhatu Nigam (NSE:MIDHANI) Is Increasing Its Dividend To ₹1.67
Mishra Dhatu Nigam Limited ( NSE:MIDHANI ) has announced that it will be increasing its dividend from last year's...Analysis Article • Jun 07
Is Mishra Dhatu Nigam (NSE:MIDHANI) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Mishra Dhatu Nigam makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 12,776 | 1,350 | 1,500 | 0 |
| 31 Mar 26 | 12,086 | 1,315 | 1,449 | 0 |
| 31 Dec 25 | 10,664 | 1,098 | 1,475 | 0 |
| 30 Sep 25 | 10,288 | 1,076 | 1,454 | 0 |
| 30 Jun 25 | 10,811 | 1,185 | 1,433 | 0 |
| 31 Mar 25 | 10,741 | 1,108 | 1,461 | 0 |
| 31 Dec 24 | 10,690 | 1,010 | 1,413 | 0 |
| 30 Sep 24 | 10,830 | 883 | 1,403 | 0 |
| 30 Jun 24 | 10,484 | 784 | 1,349 | 0 |
| 31 Mar 24 | 10,727 | 918 | 1,366 | 0 |
| 31 Dec 23 | 10,117 | 1,117 | 1,363 | 0 |
| 30 Sep 23 | 9,913 | 1,375 | 1,345 | 0 |
| 30 Jun 23 | 9,447 | 1,572 | 1,291 | 0 |
| 31 Mar 23 | 8,719 | 1,563 | 1,320 | 0 |
| 31 Dec 22 | 8,507 | 1,711 | 1,282 | 0 |
| 30 Sep 22 | 8,534 | 1,754 | 1,248 | 0 |
| 30 Jun 22 | 8,604 | 1,757 | 1,202 | 0 |
| 31 Mar 22 | 8,595 | 1,766 | 1,252 | 0 |
| 31 Dec 21 | 8,821 | 1,703 | 1,262 | 0 |
| 30 Sep 21 | 8,379 | 1,875 | 1,266 | 0 |
| 30 Jun 21 | 8,138 | 1,861 | 1,229 | 0 |
| 31 Mar 21 | 8,132 | 1,664 | 1,242 | 0 |
| 31 Dec 20 | 6,710 | 1,319 | 1,252 | 0 |
| 30 Sep 20 | 6,878 | 1,322 | 1,247 | 0 |
| 30 Jun 20 | 6,942 | 1,342 | 1,263 | 0 |
| 31 Mar 20 | 7,129 | 1,581 | 1,276 | 0 |
| 31 Dec 19 | 8,457 | 1,996 | 1,300 | 0 |
| 30 Sep 19 | 7,920 | 1,560 | 1,313 | 0 |
| 30 Jun 19 | 7,370 | 1,407 | 1,184 | 0 |
| 31 Mar 19 | 7,108 | 1,306 | 1,171 | 0 |
| 31 Dec 18 | 6,853 | 1,278 | 1,361 | 0 |
| 30 Sep 18 | 6,792 | 1,373 | 1,339 | 0 |
| 30 Jun 18 | 6,800 | 1,359 | 1,322 | 0 |
| 31 Mar 18 | 6,617 | 1,313 | 1,371 | 0 |
| 31 Mar 17 | 7,733 | 1,263 | 1,148 | 0 |
| 31 Mar 16 | 7,165 | 1,194 | 907 | 0 |
Quality Earnings: MIDHANI has high quality earnings.
Growing Profit Margin: MIDHANI's current net profit margins (10.6%) are lower than last year (11%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MIDHANI's earnings have declined by 12.6% per year over the past 5 years.
Accelerating Growth: MIDHANI's earnings growth over the past year (13.9%) exceeds its 5-year average (-12.6% per year).
Earnings vs Industry: MIDHANI earnings growth over the past year (13.9%) did not outperform the Metals and Mining industry 14.1%.
Return on Equity
High ROE: MIDHANI's Return on Equity (8.8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/21 11:44 |
| End of Day Share Price | 2026/08/21 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Mishra Dhatu Nigam Limited is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nandan Chakraborty | DAM Capital Advisors |
| Mohit Lohia | DAM Capital Advisors |
| Kameswari V. S. Chavali | FirstCall Research |