Mishra Dhatu Nigam Ltd.
Snapshot View

172.20 -4.80 ▼-2.7%

18 May 2022, 04:01:00 PM
Volume: 43,931

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.midhani-india-in
Market Cap 3,225.99 Cr.
Enterprise Value(EV) 3,301.64 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 9.09 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 18.95 Trailing Twelve Months Ending 2021-12
Industry PE 5.20 Trailing Twelve Months Ending 2021-12
Book Value / Share 62.25 Trailing Twelve Months Ending 2021-12
Price to Book Value 2.77 Calculated using Price: 172.20
Dividend Yield 1.61 Period Ending 2021-03
No. of Shares Subscribed 18.73 Cr. 187,340,000 Shares
FaceValue 10
Company Profile

Mishra Dhatu Nigam Limited (MIDHANI) was established in the year 1973 under Ministry of Defence as Government of India Enterprise. The production unit of MIDHANI, located at Kanchanbagh, Hyderabad, was commissioned in the year 1982. MIDHANI has been set up with a view to achieve self-reliance in production and supply of various super alloys, special steels, materials to Defence, other Strategic Sectors for Nuclear, aeronautical and Space applications. The guiding factors for setting up of MIDHANI were the demand for Defence oriented technologies, which come under the national priorities.

Business area of the company

The company is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals.

Products

Alloys

  • Superalloy
  • Titanium & Titanium Alloys
  • Special Steel
  • Other Metal and Alloys

Products

  • Long Products
  • Flat Products
  • Open Die Forgings
  • Investment castings
  • Special Products

Awards

2013-14:

  • MIDHANI was honored with Rajbasha Cup Award

2014-15:

  • Raksha Mantri Award of Excellence Award, 2014-15.

2015-16:

  • MIDHANI has been bestowed with 5th Annual Greentech CSR award under Gold Category
  • MIDHANI has been bestowed with certificate from ELETS for the Project Performance Excellence of MIDHANI

2016-17:

  • Corporate Vigilance Excellence Award
  • Skoch Awards - 2016
  • Excellence Award

2017-18:

  • MIDHANI was awarded Raksha Mantri’s Award for Excellence for the year 2014-15 under the category of innovation. The award was given for development of Nuclear Application Steel Plate.

2018-19:

  • MIDHANI was awarded HR-Excellence Award for Value Growth in the Non-financial category

2019-20:

  • MIDHANI was Conferred “GOLD Award” for “Corporate Excellence” by Skoch Group (Highest Independent Honour in India) for the Project “Modernization & Diversification of Products & Processes at MIDHANI” in June 2019 at New Delhi.
  • MIDHANI was awarded India’s Most Trusted Company 2019 by IBC Media USA in August 2019 at New Delhi.

Milestones

  • 1983-1984: First commercial production started.
  • 1987-1988: Entered into the field of fabrication of special armour panels.
  • 2000-2001: Development of bio implants from Titanium alloys.
  • 2001-2002: Development Niobium alloy required for critical space applications.
  • 2002-2003: Supply of indigenized special fasteners commenced.
  • 2005-2006: Development of large forgings of Chromium -Molybdenum steel in the form of weld neck flanges, blind flanges etc.
  • 2006-2007: Development of gun barrel forgings.
  • 2008-2009: Achieved Mini Ratna category-1 status from MoD.
  • 2009-2010: Commencement of commercial production of 6.5 metric tonnes vacuum induction melting furnace.
  • 2010-2011: Commissioning of critical equipment like 10 tonnes vacuum arc re-melting furnace.
  • 2011-2012: Implementation of the e-Procurement portal for publishing and processing tenders online.
  • 2011-2012: Signatory to UN Global Compact Initiative.
  • 2014-2015: Commissioning of 6000 tonnes forge press and electron beam melting furnace.
  • 2015-2016: Commissioning of in-house designed 20 tonnes electro slag refining furnace and 10 tonnes vacuum arc re-melting furnace.
  • 2015-2016: Awarded “Excellent” rating with a score of 97.06%, which is the best amongst all the defence PSUs and ranks among top 5% of all companies signing such MoUs with the Department of Defence Production.
  • 2016-2017: Commissioning of 20 tonnes electric arc furnace.
  • 2017-2018: NALCO signed MoU with MIDHANI for setting up of Aluminium Alloy Plant. 
  • 2018-2019: MIDHANI and TUBACEX Sign MoU 
  • 2019-2020: Midhani Delivers Ultra High Strength Steel & Cobalt Alloys For 'Gaganyaan' Of ISRO

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-2.71%
1 Week
+6.89%
1 Month
-15.88%
3 Month
-1.85%
6 Month
-11.28%
1 Year
-14.01%
2 Year
-16.89%
5 Year
10 Year
3 years 2019-03 2020-03 2021-03
Return on Equity (%) 15.64 17.83 16.40
Return on Capital Employed (%) 21.06 20.61 20.57
Return on Assets (%) 7.16 7.57 6.85

Balance Sheet View Details

Particulars 4 years 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 835 957 1,071 1,123
Non Curr. Liab. 456 743 745 769
Curr. Liab. 534 697 643 769
Minority Int.
Equity & Liab. 1,825 2,396 2,459 2,661
Non Curr. Assets 659 882 1,008 1,064
Curr. Assets 1,166 1,514 1,451 1,597
Misc. Exp. not W/O
Total Assets 1,825 2,396 2,459 2,661

Profit Loss View Details

Particulars 4 years 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 711 713 813 882
Other Income 37 36 20 24
Total Income 748 749 833 906
Total Expenditure -526 -514 -567 -639
PBIDT 221 235 266 267
Interest -7 -7 -13 -9
Depreciation -23 -26 -27 -28
Taxation -60 -42 -60 -60
Exceptional Items
PAT 131 160 166 170
Minority Interest
Share Associate -2 0 0
Other Related Items
Consolidated Net Profit 131 158 166 170
Adjusted EPS 7 8 9 9

Cash Flow View Details

Particulars 3 years 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 296 204 176
Cash Fr. Inv. -205 -195 -115
Cash Fr. Finan. -78 -13 -37
Net Change 13 -4 24
Cash & Cash Eqvt 14 10 34

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00
Public 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 18 May 2022
Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015
Mishra Dhatu Nigam Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2022 inter alia to consider and approve This is to inform that a meeting of the Board of Directors of the Company will be held on Thursday the 26th May 2022 to consider various matters which inter alia includes:a) Consider and approve the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and financial year ended on 31st March 2022.b) Consider the proposal to recommend final dividend for the FY 2021-22 (subject to approval by shareholders at their ensuing Annual General Meeting).c) To seek approval of Members by way of Special Resolution through Postal Ballot for appointment of Smt. Vallikkat Thanayankizhil Rema (DIN: 05180796) as Independent Director of the Company.
Wed, 18 May 2022
Corporate Action-Board to consider Dividend
This is to inform that a meeting of the Board of Directors of the Company will be held on Thursday the 26th May 2022 to consider the proposal to recommend final dividend for the FY 2021-22 (subject to approval by shareholders at their ensuing Annual General Meeting).
Wed, 13 Apr 2022
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 please find enclosed herewith certificate received from Alankit Assignments Limited Registrar and Share Transfer Agent of the Company for Quarter ended 31 March 2022

Technical Scans View Details

Wed, 18 May 2022
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
High Decrease 1 Month High Decrease 1 Month
20 SMA Crossing  200 SMA From Above 20 SMA Crossing 200 SMA From Above
Tue, 17 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity

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