Loading…
Mishra Dhatu Nigam (MIDHANI)₹395.65+2.04%Aerospace & Defense
In the Jun 2026 quarter (consolidated), Mishra Dhatu Nigam reported sales of ₹239 Cr, up 40.6% from Jun 2025, and net profit of ₹16.03 Cr, up 23.1% year on year. For the year to Mar 2026, sales were ₹1,207 Cr and net profit ₹131 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 227 | 252 | 406 | 163 | 262 | 238 | 410 | 170 | 210 | 276 | 552 | 239 |
| Expenses | 192 | 217 | 326 | 140 | 214 | 186 | 318 | 136 | 177 | 222 | 439 | 204 |
| Operating Profit | 35.99 | 35.99 | 80.02 | 22.99 | 49.04 | 51.97 | 93.08 | 33.98 | 33.01 | 54.98 | 116 | 37.02 |
| OPM % | 16.0% | 14.0% | 20.0% | 14.0% | 19.0% | 22.0% | 23.0% | 20.0% | 16.0% | 20.0% | 21.0% | 15.0% |
| Other Income | 7.99 | 6.98 | 7.99 | 7.98 | 8.98 | 6.98 | 7.98 | 6.99 | 8.99 | 7.98 | 14.96 | 9.97 |
| Interest | 9.01 | 8.99 | 7.99 | 6.99 | 7.99 | 7.01 | 7.01 | 5.99 | 6.01 | 5.99 | 7.01 | 6.01 |
| Depreciation | 14.02 | 14.03 | 15.04 | 15.04 | 16.04 | 16.03 | 16.02 | 16.02 | 17.04 | 17.04 | 17.03 | 17.03 |
| Profit before tax | 21.03 | 19.03 | 65.07 | 9.01 | 34.07 | 36.04 | 77.14 | 19.03 | 19.03 | 39.06 | 107 | 24.04 |
| Tax % | 33.0% | 33.0% | 28.0% | 42.0% | 30.0% | 30.0% | 27.0% | 32.0% | 33.0% | 29.0% | 27.0% | 32.0% |
| Net Profit | 14.02 | 13.01 | 46.06 | 5.01 | 24.01 | 26.04 | 56.04 | 13.02 | 13.01 | 28.01 | 78.09 | 16.03 |
| EPS (Rs) | 0.73 | 0.67 | 2.46 | 0.27 | 1.26 | 1.35 | 2.99 | 0.68 | 0.68 | 1.47 | 4.15 | 0.87 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 710 | 712 | 813 | 858 | 871 | 1,073 | 1,072 | 1,207 | 1,276 |
| Expenses | 527 | 516 | 569 | 598 | 615 | 880 | 857 | 974 | 1,041 |
| Operating Profit | 185 | 197 | 246 | 263 | 259 | 195 | 219 | 238 | 241 |
| OPM % | 26.0% | 28.0% | 30.0% | 31.0% | 30.0% | 18.0% | 20.0% | 20.0% | 18.9% |
| Other Income | 36.90 | 35.90 | 19.96 | 31.94 | 37.90 | 29.95 | 31.93 | 38.90 | 41.90 |
| Interest | 7.01 | 6.99 | 13.01 | 23.01 | 27.01 | 34.98 | 30.01 | 25.01 | 25.02 |
| Depreciation | 23.05 | 26.06 | 27.04 | 33.04 | 53.08 | 59.15 | 63.10 | 66.13 | 68.14 |
| Profit before tax | 191 | 200 | 226 | 239 | 217 | 131 | 157 | 185 | 189 |
| Tax % | 32.0% | 21.0% | 26.0% | 26.0% | 28.0% | 30.0% | 29.0% | 29.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 131 | 158 | 166 | 177 | 156 | 92.11 | 111 | 131 | 135 |
| EPS (Rs) | 6.96 | 8.41 | 8.85 | 9.40 | 8.32 | 4.89 | 5.90 | 7.00 | 7.17 |
| Dividend payout % | 31.1% | 30.1% | 31.1% | 33.1% | 40.1% | 29.1% | 25.1% | 18.1% | — |
| 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 | 188 |
| Reserves | 646 | 768 | 883 | 1,004 | 1,100 | 1,133 | 1,230 | 1,348 |
| Borrowings | 107 | 134 | 160 | 268 | 489 | 433 | 350 | 408 |
| Other Liabilities | 886 | 1,310 | 1,233 | 1,328 | 1,094 | 1,160 | 1,156 | 1,288 |
| Total Liabilities | 1,828 | 2,399 | 2,463 | 2,788 | 2,871 | 2,913 | 2,923 | 3,232 |
| Fixed Assets | 426 | 442 | 430 | 941 | 1,019 | 1,036 | 1,078 | 1,070 |
| CWIP | 174 | 404 | 547 | 132 | 79.65 | 82.71 | 24.93 | 15.94 |
| Investments | 1.99 | 19.95 | 20.93 | 20.95 | 20.94 | 21.94 | 24.94 | 23.93 |
| Other Assets | 1,225 | 1,533 | 1,465 | 1,694 | 1,751 | 1,773 | 1,795 | 2,122 |
| Inventories | 507 | 907 | 798 | 1,088 | 1,220 | 1,305 | 1,276 | 1,329 |
| Trade receivables | 351 | 296 | 385 | 305 | 315 | 322 | 409 | 553 |
| Cash & equivalents | 197 | 111 | 93.73 | 62.74 | 13.96 | 16.95 | 50.81 | 191 |
| Total Assets | 1,828 | 2,399 | 2,463 | 2,788 | 2,871 | 2,913 | 2,923 | 3,232 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 297 | 204 | 176 | 52.05 | −35.08 | 216 | 217 | 155 |
| Cash from investing activity | −205 | −195 | −115 | −103 | −3.01 | −65.01 | −96.08 | −150 |
| Cash from financing activity | −77.80 | −12.98 | −36.92 | 26.94 | 42.88 | −148 | −126 | 15.97 |
| Net cash flow | 13.03 | −4.01 | 24.06 | −24.03 | 4.01 | 2.01 | −6.01 | 21.04 |
| Capex | 214 | 272 | 159 | 126 | 72.94 | 78.93 | 68.01 | 48.94 |
| Free cash flow | 82.32 | −67.29 | 17.07 | −74.33 | −108 | 137 | 150 | 105 |
| CFO / OP % | 188.0% | 126.0% | 90.9% | 45.9% | 6.0% | 128.0% | 115.9% | 83.9% |
| 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 | 983 | 2,783 | 1,380 | 2,087 | — | — | — | 934 |
| Days payable | 248 | 394 | 148 | 336 | — | — | — | 80 |
| Cash conversion cycle | 916 | 2,542 | 1,407 | 1,882 | 132 | 110 | 139 | 1,022 |
| Working capital days | 224 | 363 | 322 | 347 | 390 | 333 | 358 | 328 |
| ROCE % | — | 19.9% | 21.0% | 18.9% | 15.0% | 8.9% | 11.0% | 11.0% |
For the Jun 2026 quarter, Mishra Dhatu Nigam reported sales of ₹239 Cr, up 40.6% year on year and net profit of ₹16.03 Cr, up 23.1% year on year. The operating margin was 15.0%.
Mishra Dhatu Nigam's sales for the year to Mar 2026 were ₹1,207 Cr; over the last twelve months they were ₹1,276 Cr.
Net profit for the year to Mar 2026 was ₹131 Cr, and ₹135 Cr over the last twelve months. Earnings per share over the same trailing period were ₹7.17.
Mishra Dhatu Nigam reported borrowings of ₹408 Cr at Mar 2026, against cash and equivalents of ₹191 Cr.
Cash from operations was ₹155 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹105 Cr.