About
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.
Key Metrics
as of Sep 2026Market Cap7,855 Cr
P/E58.20
Div Yield0.20 %
Book Value₹81.80
52w High₹457.00
52w Low₹267.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 239.00 | 553.00 | 276.00 | 210.00 | 170.00 | 411.00 | 238.00 | 262.00 | 163.00 | 406.00 | 252.00 | 227.00 | 188.00 |
| Expenses | 203.00 | 437.00 | 221.00 | 177.00 | 136.00 | 317.00 | 186.00 | 213.00 | 140.00 | 325.00 | 216.00 | 191.00 | 146.00 |
| Operating Profit | 37.00 | 116.00 | 55.00 | 33.00 | 34.00 | 93.00 | 52.00 | 49.00 | 23.00 | 80.00 | 36.00 | 36.00 | 42.00 |
| OPM % | 15.00 | 21.00 | 20.00 | 16.00 | 20.00 | 23.00 | 22.00 | 19.00 | 14.00 | 20.00 | 14.00 | 16.00 | 22.00 |
| Other Income | 10.00 | 14.00 | 8.00 | 9.00 | 7.00 | 8.00 | 7.00 | 9.00 | 8.00 | 8.00 | 6.00 | 8.00 | 8.00 |
| Depreciation | 17.00 | 17.00 | 17.00 | 17.00 | 16.00 | 16.00 | 16.00 | 16.00 | 15.00 | 15.00 | 14.00 | 14.00 | 14.00 |
| Interest | 6.00 | 7.00 | 6.00 | 6.00 | 6.00 | 7.00 | 7.00 | 8.00 | 7.00 | 8.00 | 9.00 | 9.00 | 9.00 |
| Profit before tax | 24.00 | 107.00 | 39.00 | 19.00 | 19.00 | 77.00 | 36.00 | 34.00 | 9.00 | 65.00 | 19.00 | 21.00 | 27.00 |
| Tax % | 32.00 | 27.00 | 30.00 | 33.00 | 33.00 | 27.00 | 30.00 | 31.00 | 43.00 | 28.00 | 34.00 | 33.00 | 31.00 |
| Net Profit | 16.00 | 78.00 | 27.00 | 13.00 | 13.00 | 56.00 | 25.00 | 24.00 | 5.00 | 46.00 | 12.00 | 14.00 | 19.00 |
| EPS in Rs | 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 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,209.00 | 1,074.00 | 1,073.00 | 872.00 | 859.00 | 813.00 | 713.00 | 711.00 | 662.00 | 773.00 | 716.00 | 647.00 |
| Expenses | 971.00 | 855.00 | 878.00 | 613.00 | 596.00 | 567.00 | 514.00 | 526.00 | 470.00 | 587.00 | 565.00 | 518.00 |
| Operating Profit | 238.00 | 219.00 | 195.00 | 259.00 | 263.00 | 246.00 | 199.00 | 185.00 | 191.00 | 186.00 | 152.00 | 129.00 |
| OPM % | 20.00 | 20.00 | 18.00 | 30.00 | 31.00 | 30.00 | 28.00 | 26.00 | 29.00 | 24.00 | 21.00 | 20.00 |
| Other Income | 38.00 | 31.00 | 30.00 | 38.00 | 31.00 | 20.00 | 36.00 | 37.00 | 36.00 | 23.00 | 29.00 | 23.00 |
| Interest | 25.00 | 30.00 | 35.00 | 27.00 | 23.00 | 13.00 | 7.00 | 7.00 | 9.00 | 5.00 | 5.00 | 8.00 |
| Depreciation | 66.00 | 63.00 | 59.00 | 53.00 | 33.00 | 27.00 | 26.00 | 23.00 | 20.00 | 18.00 | 14.00 | 10.00 |
| Profit before tax | 184.00 | 156.00 | 131.00 | 217.00 | 239.00 | 226.00 | 202.00 | 191.00 | 198.00 | 186.00 | 162.00 | 134.00 |
| Tax % | 29.00 | 29.00 | 30.00 | 28.00 | 26.00 | 26.00 | 21.00 | 32.00 | 34.00 | 32.00 | 26.00 | 26.00 |
| Net Profit | 131.00 | 110.00 | 91.00 | 156.00 | 176.00 | 166.00 | 160.00 | 131.00 | 131.00 | 126.00 | 119.00 | 99.00 |
| EPS in Rs | 6.98 | 5.88 | 4.87 | 8.32 | 9.41 | 8.88 | 8.53 | 6.97 | 7.01 | 674.23 | 637.18 | 529.31 |
| Dividend Payout % | 18.00 | 26.00 | 29.00 | 40.00 | 33.00 | 31.00 | 30.00 | 31.00 | 30.00 | 30.00 | 28.00 | 38.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 187.00 | 187.00 | 187.00 | 187.00 | 187.00 | 187.00 | 187.00 | 187.00 | 187.00 | 187.00 | 187.00 | 187.00 |
| Reserves | 1,343.00 | 1,227.00 | 1,132.00 | 1,099.00 | 1,003.00 | 885.00 | 771.00 | 647.00 | 602.00 | 517.00 | 432.00 | 353.00 |
| Borrowings | 407.00 | 350.00 | 433.00 | 489.00 | 360.00 | 160.00 | 134.00 | 107.00 | 93.00 | 21.00 | 13.00 | 59.00 |
| Other Liabilities | 1,282.00 | 1,150.00 | 1,154.00 | 1,089.00 | 1,230.00 | 1,228.00 | 1,306.00 | 883.00 | 483.00 | 375.00 | 488.00 | 564.00 |
| Total Liabilities | 3,220.00 | 2,914.00 | 2,906.00 | 2,864.00 | 2,781.00 | 2,461.00 | 2,398.00 | 1,825.00 | 1,365.00 | 1,101.00 | 1,121.00 | 1,163.00 |
| Fixed Assets | 1,066.00 | 1,074.00 | 1,032.00 | 1,016.00 | 938.00 | 429.00 | 441.00 | 425.00 | 344.00 | 327.00 | 263.00 | 244.00 |
| CWIP | 16.00 | 25.00 | 83.00 | 80.00 | 132.00 | 549.00 | 405.00 | 175.00 | 65.00 | 6.00 | 7.00 | 9.00 |
| Investments | 23.00 | 25.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Other Assets | 2,115.00 | 1,790.00 | 1,769.00 | 1,746.00 | 1,688.00 | 1,461.00 | 1,530.00 | 1,223.00 | 954.00 | 765.00 | 849.00 | 907.00 |
| Total Assets | 3,220.00 | 2,914.00 | 2,906.00 | 2,864.00 | 2,781.00 | 2,461.00 | 2,398.00 | 1,825.00 | 1,365.00 | 1,101.00 | 1,121.00 | 1,163.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 155.00 | 217.00 | 216.00 | -35.00 | 5.00 | 176.00 | 204.00 | 296.00 | 20.00 | 119.00 |
| Cash from Investing Activity | -150.00 | -96.00 | -65.00 | -3.00 | -68.00 | -115.00 | -195.00 | -205.00 | -78.00 | -65.00 |
| Cash from Financing Activity | 16.00 | -126.00 | -148.00 | 43.00 | 39.00 | -37.00 | -13.00 | -78.00 | 25.00 | -43.00 |
| Net Cash Flow | 21.00 | -6.00 | 2.00 | 4.00 | -24.00 | 24.00 | -4.00 | 13.00 | -33.00 | 12.00 |
| Free Cash Flow | 105.00 | 149.00 | 136.00 | -108.00 | -85.00 | 17.00 | -67.00 | 82.00 | -75.00 | 37.00 |
| CFO/OP % | 84.00 | 116.00 | 128.00 | 6.00 | 28.00 | 91.00 | 125.00 | 188.00 | 31.00 | 97.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 167.00 | 139.00 | 110.00 | 132.00 | 130.00 | 173.00 | 152.00 | 181.00 | 228.00 | 136.00 | 106.00 | 124.00 |
| Inventory Days | 935.00 | — | — | — | 2,088.00 | 1,381.00 | 2,784.00 | 984.00 | 749.00 | 277.00 | 372.00 | 704.00 |
| Days Payable | 80.00 | — | — | — | 336.00 | 148.00 | 394.00 | 248.00 | 299.00 | 89.00 | 68.00 | 158.00 |
| Cash Conversion Cycle | 1,022.00 | 139.00 | 110.00 | 132.00 | 1,882.00 | 1,407.00 | 2,542.00 | 916.00 | 678.00 | 324.00 | 410.00 | 670.00 |
| Working Capital Days | 327.00 | 357.00 | 332.00 | 389.00 | 346.00 | 321.00 | 362.00 | 223.00 | 144.00 | 128.00 | 144.00 | 144.00 |
| ROCE % | 11.00 | 11.00 | 9.00 | 15.00 | 19.00 | 21.00 | 21.00 | 22.00 | 25.00 | 28.00 | 27.00 | 26.00 |
Corporate Actions
14 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 18 Mar 2026 | 19 Mar 2026 | — | 0.85 | |
| Dividend | 25 Mar 2025 | 25 Mar 2025 | — | 0.75 | |
| Dividend | 22 Mar 2024 | 22 Mar 2024 | — | 1.41 | |
| Dividend | 22 Sep 2023 | 22 Sep 2023 | — | 1.67 | |
| Dividend | 23 Mar 2023 | 23 Mar 2023 | — | 1.68 | |
| Dividend | 21 Sep 2022 | 22 Sep 2022 | — | 1.54 | |
| Dividend | 22 Mar 2022 | 23 Mar 2022 | — | 1.56 | |
| Dividend | 21 Sep 2021 | 22 Sep 2021 | — | 1.58 | |
| Dividend | 22 Mar 2021 | 23 Mar 2021 | — | 1.20 | |
| Dividend | 21 Sep 2020 | 22 Sep 2020 | — | 1.56 | |
| Dividend | 12 Mar 2020 | 14 Mar 2020 | — | 1.00 | |
| Dividend | 17 Sep 2019 | — | — | 0.51 | |
| Dividend | 25 Mar 2019 | 26 Mar 2019 | — | 1.68 | |
| Dividend | 19 Sep 2018 | — | — | 2.10 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update30 Jan from crisil
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Rating update10 Sep 2025 from crisil
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Rating update21 May 2025 from crisil
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Rating update4 Feb 2025 from crisil
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Rating update28 Feb 2024 from crisil
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Rating update31 Mar 2023 from crisil