MISHRA DHATU NIGAM LTD (MIDHANI) financials

MISHRA DHATU NIGAM LTD (MIDHANI) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Mishra Dhatu Nigam Ltd (MIDHANI) manufactures superalloys, titanium, special purpose steel and other special metals.[1]It was incorporated in 1973 at Hyderabad as a Government of India Enterprise under the Ministry of Defence.[2]GoI still owns ~74% stake in the company after its IPO in 2018.[3]

Market Cap: ₹8,154Cr.
Current Price: ₹436
Stock P/E: 60.7
ROE: 8.88%
ROCE: 11.4%
Book Value: ₹81.7
Dividend Yield: 0.19%
52W High / Low: ₹482/267

In Jun 2026, MISHRA DHATU NIGAM LTD (MIDHANI) reported sales ₹239 Cr and net profit ₹16 Cr.

Annual TTM: sales ₹1,278 Cr, net profit ₹134 Cr.

Shareholding: Promoters 74.00% (Jun 2026), FIIs 2.57% (Jun 2026), DIIs 7.37% (Jun 2026), Public 16.06% (Jun 2026), No. of Shareholders 1,54,762% (Jun 2026).

MIDHANI quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	262	238	411	170	210	276	553	239
Expenses	213	186	317	136	177	221	437	203
Operating Profit	49	52	93	34	33	55	116	37
OPM %	19%	22%	23%	20%	16%	20%	21%	15%
Other Income	9	7	8	7	9	8	14	10
Interest	8	7	7	6	6	6	7	6
Depreciation	16	16	16	16	17	17	17	17
Profit before tax	34	36	77	19	19	39	107	24
Tax %	31%	30%	27%	33%	33%	30%	27%	32%
Net Profit	24	25	56	13	13	27	78	16
EPS in Rs	1.26	1.35	3.00	0.68	0.68	1.47	4.15	0.87
Raw PDF	—	—	—	—	—	—	—	—

MIDHANI profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	713	813	859	872	1,073	1,074	1,209	1,278
Expenses	514	567	596	613	878	855	970	1,038
Operating Profit	199	246	263	259	195	219	239	240
OPM %	28%	30%	31%	30%	18%	20%	20%	19%
Other Income	36	20	31	38	30	31	38	41
Interest	7	13	23	27	35	30	26	25
Depreciation	26	27	33	53	59	63	66	67
Profit before tax	202	226	239	217	131	156	184	189
Tax %	21%	26%	26%	28%	30%	29%	29%	—
Net Profit	160	166	176	156	91	110	131	134
EPS in Rs	8.53	8.88	9.41	8.32	4.87	5.88	6.98	7.17
Dividend Payout %	30%	31%	33%	40%	29%	26%	30%	—

MIDHANI balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	187	187	187	187	187	187	187	187
Reserves	647	771	885	1,003	1,099	1,132	1,227	1,343
Borrowings	107	134	160	360	489	433	350	407
Other Liabilities	883	1,306	1,228	1,230	1,089	1,154	1,150	1,282
Total Liabilities	1,825	2,398	2,461	2,781	2,864	2,906	2,914	3,220
Fixed Assets	425	441	429	938	1,016	1,032	1,074	1,066
CWIP	175	405	549	132	80	83	25	16
Investments	2	22	22	22	22	22	25	23
Other Assets	1,223	1,530	1,461	1,688	1,746	1,769	1,790	2,115
Total Assets	1,825	2,398	2,461	2,781	2,864	2,906	2,914	3,220

MIDHANI cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	296	204	176	5	-35	216	217	155
Cash from Investing Activity	-205	-195	-115	-68	-3	-65	-96	-150
Cash from Financing Activity	-78	-13	-37	39	43	-148	-126	16
Net Cash Flow	13	-4	24	-24	4	2	-6	21
Free Cash Flow	82	-67	17	-85	-108	136	149	105
CFO/OP	188%	125%	91%	28%	6%	128%	116%	84%

MIDHANI shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%
FIIs	1.42%	1.26%	1.65%	1.34%	1.37%	1.25%	1.32%	2.57%
DIIs	8.44%	8.48%	8.79%	8.98%	8.83%	7.92%	7.81%	7.37%
Public	16.13%	16.25%	15.55%	15.69%	15.80%	16.82%	16.85%	16.06%
No. of Shareholders	1,53,279	1,56,888	1,57,106	1,64,891	1,62,111	1,66,811	1,64,331	1,54,762

MIDHANI key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	181	152	173	130	132	110	139	167
Inventory Days	984	2,784	1,381	2,088	—	—	1,086	935
Days Payable	248	394	148	336	—	—	79	80
Cash Conversion Cycle	916	2,542	1,407	1,882	132	110	1,146	1,022
Working Capital Days	223	362	321	346	389	332	357	327
ROCE %	22%	21%	21%	19%	15%	9%	11%	11%

MIDHANIUpdated 14 Oct 2026, 11:43

Mishra Dhatu Nigam Ltd

MIDHANIUpdated 14 Oct 2026, 11:43

Market Cap

₹8,154Cr.

Current Price

₹436

High / Low

₹482/267

Stock P/E

60.7

ROE8.88%

ROCE11.4%

Book Value₹81.7

Face Value₹10.0

Dividend Yield0.19%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	188	9	146	8	14	27	31	19	0.99
Sep 2023	227	9	191	8	14	21	33	14	0.74
Dec 2023	252	9	216	6	14	19	34	12	0.67
Mar 2024	406	8	325	8	15	65	28	46	2.48
Jun 2024	163	7	140	8	15	9	43	5	0.27
Sep 2024	262	8	213	9	16	34	31	24	1.26
Dec 2024	238	7	186	7	16	36	30	25	1.35
Mar 2025	411	7	317	8	16	77	27	56	3
Jun 2025	170	6	136	7	16	19	33	13	0.68
Sep 2025	210	6	177	9	17	19	33	13	0.68
Dec 2025	276	6	221	8	17	39	30	27	1.47
Mar 2026	553	7	437	14	17	107	27	78	4.15
Jun 2026	239	6	203	10	17	24	32	16	0.87

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	647	8	518	23	10	134	26	99	5.29
Mar 2016	716	5	565	29	14	162	26	119	6.37
Mar 2017	773	5	587	23	18	186	32	126	6.74
Mar 2018	662	9	470	36	20	198	34	131	7.01
Mar 2019	711	7	526	37	23	191	32	131	6.97
Mar 2020	713	7	514	36	26	202	21	160	8.53
Mar 2021	813	13	567	20	27	226	26	166	8.88
Mar 2022	859	23	596	31	33	239	26	176	9.41
Mar 2023	872	27	613	38	53	217	28	156	8.32
Mar 2024	1073	35	878	30	59	131	30	91	4.87
Mar 2025	1074	30	855	31	63	156	29	110	5.88
Mar 2026	1209	26	970	38	66	184	29	131	6.98
TTM	1278	25	1038	41	67	189	—	134	7.17

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	74%
FIIs	2.57%
DIIs	7.37%
Public	16.06%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Sep 2023	74%	1.19%	12.48%	12.33%
Dec 2023	74%	0.96%	11.84%	13.2%
Mar 2024	74%	1.07%	11.04%	13.88%
Jun 2024	74%	1.27%	9.33%	15.4%
Sep 2024	74%	1.42%	8.44%	16.13%
Dec 2024	74%	1.26%	8.48%	16.25%
Mar 2025	74%	1.65%	8.79%	15.55%
Jun 2025	74%	1.34%	8.98%	15.69%
Sep 2025	74%	1.37%	8.83%	15.8%
Dec 2025	74%	1.25%	7.92%	16.82%
Mar 2026	74%	1.32%	7.81%	16.85%
Jun 2026	74%	2.57%	7.37%	16.06%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	187	353	59	564	1163	244	9	2	907	1163
Mar 2016	187	432	13	488	1121	263	7	2	849	1121
Mar 2017	187	517	21	375	1101	327	6	2	765	1101
Mar 2018	187	602	93	483	1365	344	65	2	954	1365
Mar 2019	187	647	107	883	1825	425	175	2	1223	1825
Mar 2020	187	771	134	1306	2398	441	405	22	1530	2398
Mar 2021	187	885	160	1228	2461	429	549	22	1461	2461
Mar 2022	187	1003	360	1230	2781	938	132	22	1688	2781
Mar 2023	187	1099	489	1089	2864	1016	80	22	1746	2864
Mar 2024	187	1132	433	1154	2906	1032	83	22	1769	2906
Mar 2025	187	1227	350	1150	2914	1074	25	25	1790	2914
Mar 2026	187	1343	407	1282	3220	1066	16	23	2115	3220

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	—	—	—	—
Mar 2016	—	—	—	—
Mar 2017	119	-65	-43	12
Mar 2018	20	-78	25	-33
Mar 2019	296	-205	-78	13
Mar 2020	204	-195	-13	-4
Mar 2021	176	-115	-37	24
Mar 2022	5	-68	39	-24
Mar 2023	-35	-3	43	4
Mar 2024	216	-65	-148	2
Mar 2025	217	-96	-126	-6
Mar 2026	155	-150	16	21

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	124	106	136	228	181	152	173	130	132	110	139	167
Inventory Days	704	372	277	749	984	2,784	1,381	2,088	—	—	1,086	935
Days Payable	158	68	89	299	248	394	148	336	—	—	79	80
Cash Conversion Cycle	670	410	324	678	916	2,542	1,407	1,882	132	110	1,146	1,022
Working Capital Days	144	144	128	144	223	362	321	346	389	332	357	327
ROCE %	26%	27%	28%	25%	22%	21%	21%	19%	15%	9%	11%	11%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MISHRA DHATU NIGAM LTD (MIDHANI)?

The reported market capitalisation for MISHRA DHATU NIGAM LTD (MIDHANI) is ₹8,154Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MIDHANI?

The current price shown for MISHRA DHATU NIGAM LTD (MIDHANI) on Fincrux is ₹436 with a 52-week high/low of ₹482/267.

What is the P/E ratio of MISHRA DHATU NIGAM LTD (MIDHANI)?

The stock P/E for MISHRA DHATU NIGAM LTD (MIDHANI) is 60.7 on Fincrux, with ROE at 8.88% and ROCE at 11.4%.

What were MIDHANI latest quarterly results?

For Jun 2026, MISHRA DHATU NIGAM LTD (MIDHANI) reported sales ₹239 Cr and net profit ₹16 Cr (figures in ₹ crore unless noted).

What are MIDHANI annual sales and net profit?

For TTM, MISHRA DHATU NIGAM LTD (MIDHANI) shows sales of ₹1,278 Cr and net profit of ₹134 Cr on the Fincrux profit & loss statement.

Who owns MISHRA DHATU NIGAM LTD (MIDHANI)?

Latest shareholding for MISHRA DHATU NIGAM LTD (MIDHANI) on Fincrux: Promoters 74.00% (Jun 2026), FIIs 2.57% (Jun 2026), DIIs 7.37% (Jun 2026), Public 16.06% (Jun 2026), No. of Shareholders 1,54,762% (Jun 2026).

Where can I find MISHRA DHATU NIGAM LTD (MIDHANI) financials?

MISHRA DHATU NIGAM LTD (MIDHANI) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MIDHANI balance sheet and cash flow?

Yes. The MISHRA DHATU NIGAM LTD (MIDHANI) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 14 October 2026 at 11:43