Stock Snapshot
Price Performance
Recommendation Rationale
Strong growth outlook supported by order inflows and strategic initiatives in aerospace and defense.
Basis of our Recommendation
MIDHANI is positioned for robust growth, driven by a strong order book and increasing demand in the aerospace and defense sectors. The company's focus on next-generation alloys and infrastructure modernization aligns with government initiatives, enhancing its market potential. Revenue growth and stable margins further support a favorable outlook.
Why We Like This Stock
- Robust order book indicating strong demand in aerospace and defense sectors
- Focus on next-generation alloys aligns with government initiatives
- Stable margins and improved revenue growth guidance
Things To Watch Out For
- nan
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,073 | 1,074 | 1,209 | 1,365 | 1,744 |
| Profit Before Tax (Cr.) | 131 | 156 | 184 | 221 | 285 |
| PBT Margin | 12.2% | 14.5% | 15.2% | 16.2% | 16.4% |
| Net Profit (Cr.) | 96 | 117 | 135 | 162 | 209 |
| EPS | 5.1 | 6.3 | 7.2 | 8.6 | 11.2 |
Company Overview
Show Company Profile
Mishra Dhatu Nigam Limited manufactures and sells super alloys, titanium, special purpose steel, and other special metals in India and internationally. The company provides special steels, including martensitic, special, austenitic, and precipitation hardening steels for use in aerospace, power generation, nuclear, defence, cryogenic, and other general engineering industries. It also offers nickel, cobalt, and iron-based superalloys; titanium and titanium alloys, soft magnetic, controlled expansion alloys; investment castings products; bars, bright bars, and wires/fine wires; and hot and cold rolled sheets, and strips, as well as open die forging products. In addition, the company offers welding consumables, fasteners, biomedical implants, and armour products. Mishra Dhatu Nigam Limited was incorporated in 1973 and is based in Hyderabad, India.