Mishra Dhatu Nigam Limited

NSEI:MIDHANI Stock Report

Market Cap: ₹58.2b

Mishra Dhatu Nigam Valuation

Is MIDHANI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MIDHANI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MIDHANI (₹310.55) is trading above our estimate of fair value (₹74.41)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MIDHANI?

Key metric: As MIDHANI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MIDHANI. This is calculated by dividing MIDHANI's market cap by their current earnings.
What is MIDHANI's PE Ratio?
PE Ratio65.9x
Earnings₹882.53m
Market Cap₹58.18b

Price to Earnings Ratio vs Peers

How does MIDHANI's PE Ratio compare to its peers?

The above table shows the PE ratio for MIDHANI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.9x
533286 MOIL
16.9x25.9%₹58.6b
SURYAROSNI Surya Roshni
19.3x25.9%₹61.7b
BANSALWIRE Bansal Wire Industries
58x28.9%₹64.7b
500265 Maharashtra Seamless
9.6x2.2%₹84.2b
MIDHANI Mishra Dhatu Nigam
65.9x53.3%₹58.2b

Price-To-Earnings vs Peers: MIDHANI is expensive based on its Price-To-Earnings Ratio (65.9x) compared to the peer average (25.9x).

Price to Earnings Ratio vs Industry

How does MIDHANI's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
590078 Maithan Alloys
3.7xn/aUS$365.09m
526608 Electrotherm (India)
3.1xn/aUS$141.14m
PRAKASHSTL Prakash Steelage
3.8xn/aUS$16.51m
522165 Indsil Hydro Power and Manganese
1.6xn/aUS$16.40m
MIDHANI 65.9xIndustry Avg. 23.8xNo. of Companies26PE01632486480+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MIDHANI is expensive based on its Price-To-Earnings Ratio (65.9x) compared to the Indian Metals and Mining industry average (23.8x).

Price to Earnings Ratio vs Fair Ratio

What is MIDHANI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MIDHANI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio65.9x
Fair PE Ratio56.9x

Price-To-Earnings vs Fair Ratio: MIDHANI is expensive based on its Price-To-Earnings Ratio (65.9x) compared to the estimated Fair Price-To-Earnings Ratio (56.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MIDHANI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹310.55
₹477.50
+53.8%
25.7%₹600.00₹355.00n/a2
Nov ’25₹339.75
₹480.00
+41.3%
25.0%₹600.00₹360.00n/a2
Oct ’25₹393.40
₹480.00
+22.0%
25.0%₹600.00₹360.00n/a2
Sep ’25₹414.75
₹480.00
+15.7%
25.0%₹600.00₹360.00n/a2
Aug ’25₹482.70
₹480.00
-0.6%
25.0%₹600.00₹360.00n/a2
Apr ’25₹418.45
₹407.50
-2.6%
14.1%₹465.00₹350.00n/a2
Mar ’25₹422.25
₹407.50
-3.5%
14.1%₹465.00₹350.00n/a2
Feb ’25₹511.00
₹382.50
-25.1%
21.6%₹465.00₹300.00n/a2
Jan ’25₹415.40
₹382.50
-7.9%
21.6%₹465.00₹300.00n/a2
Dec ’24₹374.25
₹382.50
+2.2%
21.6%₹465.00₹300.00n/a2
Nov ’24₹396.45
₹340.00
-14.2%
36.8%₹465.00₹215.00₹339.752
Oct ’24₹408.70
₹340.00
-16.8%
36.8%₹465.00₹215.00₹393.402
Sep ’24₹411.25
₹340.00
-17.3%
36.8%₹465.00₹215.00₹414.752
Aug ’24₹356.65
₹250.00
-29.9%
14.0%₹285.00₹215.00₹482.702
Jul ’24₹291.95
₹250.00
-14.4%
14.0%₹285.00₹215.00₹460.402
Jun ’24₹224.60
₹250.00
+11.3%
14.0%₹285.00₹215.00₹432.152
May ’24₹204.20
₹247.50
+21.2%
15.2%₹285.00₹210.00₹438.952
Apr ’24₹184.65
₹247.50
+34.0%
15.2%₹285.00₹210.00₹418.452
Mar ’24₹199.95
₹247.50
+23.8%
15.2%₹285.00₹210.00₹422.252
Feb ’24₹203.60
₹257.50
+26.5%
10.7%₹285.00₹230.00₹511.002
Jan ’24₹217.00
₹257.50
+18.7%
10.7%₹285.00₹230.00₹415.402
Dec ’23₹244.70
₹215.00
-12.1%
7.0%₹230.00₹200.00₹374.252
Nov ’23₹239.30
₹225.50
-5.8%
11.3%₹251.00₹200.00₹396.452

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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