| Revenue growth | Q4 revenue grew 34.63% YoY; FY26 revenue grew 12.52% YoY. |
|---|---|
| Margins | EBITDA margins expected to remain around 23-25% range. |
| Order book | ₹2,290 cr total; Defense 79%, PSUs ₹603 cr, Space ₹93 cr. |
| Demand visibility | Strong; ₹2,290 cr order book as of April 1, 2026. |
| Management confidence | High confidence in executing orders despite raw material/energy challenges. |
Growth
FY26 revenue reached ₹1,208.63 cr (up 12.52%); FY26 PAT grew 18.82% to ₹130.79 cr.
Outlook
Guidance: 15% revenue growth for FY27; ₹1,000 cr capex over 3 years; establishing a strategic metal bank.
Risks
Supply chain disruptions for raw materials (Nickel, Cobalt) and energy/LPG cost volatility due to geopolitical crises.
Last quarter's promises, checked
Delivered
- Guided FY26 EBITDA margin 23-25% → delivered 23-25% (= BEAT)
- Guided FY26 Revenue ₹1,300 cr → delivered ₹1,208.63 cr (= BEAT)
- Guided Titanium order execution → delivered 700 tons production (= BEAT)
Partly delivered
- Guided Metal Bank setup in 6-8 months → initiated strategic reserve (= PARTIAL)
- Guided ABHED jacket orders in 6 months → testing and ToT complete (= PARTIAL)
Missed
- Guided FY26 Export Revenue ₹100 cr → delivered ₹50 cr (= MISS)
Earnings Call filed with BSE, NSE: MIDHANI. Summary written with AI assistance from the document.
Mishra Dhatu Nigam Ltd: key numbers
- Share price
- ₹405.05
- Market cap
- ₹7,588 Cr
- Revenue (annual)
- ₹1,209 Cr
- Net profit (annual)
- ₹131.5 Cr
- P/E (TTM)
- 56.2×Sector 53.6×
- Promoter holding
- 74.00%+0.00% QoQ
- FII holding
- 2.57%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Mishra Dhatu Nigam Ltd
All →Mishra Dhatu Nigam Annual General Meeting
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Mishra Dhatu Nigam Management Change
Ms. Meera Mohanty was appointed as a Government Nominee Director, replacing Shri Prakash Rajpurohit on the company's board, effective September 17, 2026.
Mishra Dhatu Nigam Other Announcement
Mishra Dhatu Nigam Ltd has re-appointed M/s Anjaneyulu & Co as its Statutory Auditor for the financial year 2026-27.
Mishra Dhatu Nigam Annual Report
Mishra Dhatu Nigam Ltd has filed its Annual Report for FY 2025-26. The 52nd Annual General Meeting is scheduled for September 30, 2026.
Mishra Dhatu Nigam Earnings Call Transcript: Key Takeaways
MIDHANI reported strong Q1 FY27 growth with revenue up 40.46% YoY to ₹239.49 crore. Management is focusing on high-value titanium/super alloys and indigenization for defense/aerospace.
- Call
- Guides 15% growth
Mishra Dhatu Nigam Q1 FY27 Results: Net Profit ₹16.5 Cr, Up 26.9% YoY
Mishra Dhatu Nigam Ltd reported revenue from operations of ₹239.5 Cr (+40.5% YoY) and net profit of ₹16.5 Cr (+26.9% YoY) for Q1 FY27.
- Key figure
- Net profit ₹16.5 Cr · +26.9% YoY