Mishra Dhatu Nigam Limited has informed the Exchange about Transcript
MIDHANI · price
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MIDHANI reported Q1 FY26 revenue of Rs. 170.5 crores (up 4.31% YoY) with value of production at Rs. 241.29 crores (up 14.47% YoY). EBITDA grew 32.86% to Rs. 41.28 crores and PAT surged 150.49% to Rs. 12.8 crores, driven by lower raw material costs, better overhead absorption and higher production. Order book stood strong at Rs. 1,827 crores as of July 1, 2025, with another Rs. 701 crores expected in Q2. Management guided FY26 revenue between Rs. 1,300–1,500 crores and EBITDA margins of 23–25%, with a five-year revenue target of Rs. 2,000 crores. The order book is ~80% Defence (aero, army, naval) and 20% space/energy/exports, with HAL orders at ~Rs. 750 crores. Wide Plate Mill utilization is at 40%, Titanium mill is fully booked, and new powder manufacturing for additive manufacturing is under setup.
Positive for shareholders — robust profit growth, strong order book visibility of nearly 1.5x FY25 revenue, and credible margin and revenue guidance signal sustained growth. Key risk highlighted is import dependency of 75–80% on critical raw materials like nickel, cobalt, molybdenum and tungsten, which could impact execution timelines.