Mishra Dhatu Nigam Limited

Capital Goods · Aerospace & Defense

NSE: MIDHANI BSE: 541195

₹437.65

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Aerospace & Defense

The largest companies in the same industry by market cap. This company ranks #14 of 26. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Hindustan Aeronautics Limited	312,184	33.6	22.2%	-2.8%	—	90	12	31
Bharat Electronics Limited	283,839	46.4	25.3%	-4.5%	—	96	0	13
Bharat Dynamics Limited	40,692	78.1	11.3%	-28.0%	—	87	0	11
Garden Reach Shipbuilders & Engineers Limited	24,994	31.2	26.2%	-17.5%	0.90%	80	38	8
Data Patterns (India) Limited	24,000	89.6	15.6%	62.9%	0.23%	69	0	30
Aequs Limited	18,744	—	—	—	—	74	0	92
SIGMA ADVANCED SYSTEMS LIMITED	18,077	324.6	56.4%	554.4%	—	84	0	92
Astra Microwave Products Limited	15,540	89.0	14.7%	63.1%	0.15%	65	0	66
Mishra Dhatu Nigam Limited (this stock)	8,199	61.0	8.6%	14.3%	0.48%	64	4	86

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹8,291 Cr

EV / EBITDA

29.5x

EV / Sales

6.49x

Market cap / Sales

6.42x

Earnings yield

1.64%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 249 Cr, up 40.5% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 16 Cr, up 27.4% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	239	24	16	₹0.8700
March 31, 2026	553	107	78	₹4.1500
Dec. 31, 2025	276	39	27	₹1.4700
Sept. 30, 2025	210	19	13	₹0.6800
June 30, 2025	170	19	13	₹0.6800
March 31, 2025	411	77	56	₹3.0000
Dec. 31, 2024	238	36	25	₹1.3500
Sept. 30, 2024	262	34	24	₹1.2600
June 30, 2024	163	9	5	₹0.2700
March 31, 2024	405	65	46	₹2.4800
Dec. 31, 2023	252	19	12	₹0.6700
Sept. 30, 2023	227	21	14	₹0.7400
June 30, 2023	188	27	19	₹0.9900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	249	567	283	219	178	418	245	271	171	414	258	235	196
Operating revenue	239	553	276	210	170	411	238	262	163	405	252	227	188
Other income	10	14	8	9	7	8	7	9	8	8	6	8	8
Operating expenses	203	437	221	177	136	317	186	213	140	325	216	191	146
Operating profit	37	116	55	33	34	93	52	49	23	80	36	36	42
Operating profit margin	15.3%	21.0%	19.8%	15.6%	20.0%	22.7%	22.0%	18.7%	14.3%	19.8%	14.2%	16.0%	22.1%
Depreciation	17	17	17	17	16	16	16	16	15	15	14	14	14
Interest	6	7	6	6	6	7	7	8	7	8	9	9	9
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	24	107	39	19	19	77	36	34	9	65	19	21	27
Tax	8	29	12	6	6	21	11	10	4	18	6	7	8
Net profit	16	78	—	13	13	56	25	24	5	46	12	14	19
EPS	0.87	4.15	1.47	0.68	0.68	3.00	1.35	1.26	0.27	2.48	0.67	0.74	0.99
Net profit (TTM)	—	—	—	107	118	110	100	88	78	91	111	137	157
EPS (TTM)	7.17	6.98	5.83	5.71	6.29	5.88	5.36	4.68	4.16	4.88	5.93	7.32	8.37

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	1,209	184	131
March 31, 2025	1,074	156	110
March 31, 2024	1,073	131	91
March 31, 2023	872	217	156

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
Total income (before exceptional items)	11.1%	8.4%	1,247^†	1,105^†	1,103^†	910^†	891^†	833^†	749^†	748^†
Operating revenue	11.5%	8.2%	1,209	1,074	1,073	872	859^†	813^†	713^†	711^†
Other income	—	—	38^†	31^†	30^†	38^†	31^†	20^†	36^†	37^†
Operating expenses	—	—	971^†	856^†	879^†	614^†	597^†	568^†	515^†	527^†
Operating profit	-2.6%	-0.6%	238^†	218^†	194^†	258^†	262^†	245^†	198^†	184^†
Operating profit margin	—	—	19.7%^†	20.3%^†	18.1%^†	29.5%^†	30.5%^†	30.2%^†	27.7%^†	25.8%^†
Depreciation	—	—	66^†	63^†	59^†	53^†	33^†	27^†	26^†	23^†
Interest	—	—	25^†	29^†	35^†	26^†	21^†	12^†	6^†	6^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	-5.3%	-4.0%	184	156	131	217	239^†	226^†	202^†	191^†
Tax	—	—	53^†	46^†	40^†	61^†	63^†	60^†	42^†	60^†
Net profit	-5.7%	-4.7%	131	110	91	156	176^†	166^†	160^†	131^†
EPS	-5.7%	-4.7%	6.98^†	5.88^†	4.88^†	8.32^†	9.41^†	8.87^†	8.53^†	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
Operating margin	19.7%^†	20.3%^†	18.1%^†	29.5%^†	30.5%^†	30.2%^†	27.7%^†	25.8%^†
EBIT margin	17.3%^†	17.3%^†	15.4%^†	27.8%^†	30.3%^†	29.3%^†	29.2%^†	27.8%^†
PBT margin	15.2%	14.5%	12.2%	24.8%	27.8%^†	27.8%^†	28.3%^†	26.9%^†
Net margin	10.8%	10.2%	8.5%	17.9%	20.5%^†	20.4%^†	22.4%^†	18.4%^†
Interest coverage	8.35x^†	6.30x^†	4.79x^†	9.42x^†	12.12x^†	19.85x^†	35.16x^†	31.02x^†
Dividend payout	12.2%^†	12.8%^†	63.1%^†	38.7%^†	33.4%^†	31.1%^†	17.7%^†	—
Earnings retention	87.8%^†	87.2%^†	36.9%^†	61.3%^†	66.6%^†	68.9%^†	82.3%^†	—
Current ratio	2.52x	2.61x	—	—	—	—	—	—
Quick ratio	0.93x	0.74x	—	—	—	—	—	—
Debt to equity	0.19x	0.17x	—	—	—	—	—	—
Return on equity	8.5%	7.8%	—	—	—	—	—	—
Return on assets	4.1%	3.8%	—	—	—	—	—	—
Return on capital employed	8.8%^†	8.3%^†	—	—	—	—	—	—
Asset turnover	0.38x	0.37x	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	155	-150	16	49	105
March 31, 2025	217	-96	-126	68	149
March 31, 2024	216	-65	-148	79	137
March 31, 2023	-35	-3	43	73	-108
March 31, 2022	52	-103	27	126	-74

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	3,220	1,531	1,343	265	19	2,115	841	192	1,064	1,333
March 31, 2025	2,914	1,414	1,227	195	39	1,787	686	51	1,071	1,281
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.