What the business is, and whether it's a good one at a fair price.
Manufactures special metals and alloys — titanium, super-alloys and special steels, plus value-added parts such as springs, fasteners, castings and electrodes — for India's defence, aerospace, space and rail programmes. FY26 turnover was ₹1,208.63 crore and the order book stood at ₹2,440 crore as of January 1, 2026. Defence accounts for 72% of the order book and 28% of 9M revenue, with the rest spread across indigenous aero-engine work tied to the Kaveri and AMCA programmes, space programmes (Gaganyaan, LVM3, Chandrayaan), railways (Vande Bharat, LHB coaches, metro), and energy/architectural uses. The Hyderabad facility holds CEMILAC certification for 10 super-alloys and is completing a NADCAP heat-treatment audit; recent deliveries include 31 titanium windows for the Ram Janmabhoomi temple at Ayodhya and ~90 tons of titanium for the Republic Day Presidential Dais. Raw materials are the biggest cost at 41.8% of revenue, with employee costs at 12.0% and other operating expenses at 25.3% of revenue. As a Mini-Ratna PSU under the Ministry of Defence, the order pipeline is anchored by indigenous defence and aerospace programmes, with management targeting a scale-up toward ₹2,000 crore of revenue over roughly 10 years.
Measured from the filed financials, judged against its Aerospace & Defense peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
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How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from MISHRA DHATU NIGAM LTD's filed financials and exchange disclosures
MISHRA DHATU NIGAM LTD is a Aerospace & Defense company listed on NSE and BSE, trading under the symbol MIDHANI.
Yes. Over the trailing twelve months MISHRA DHATU NIGAM LTD reported a net profit of ₹135 Cr on revenue of ₹1,278 Cr.
Yes. The dividend yield is 0.19% at the current price. It paid out 12% of its profit as dividend in FY26.
No. Debt stands at 0.19× equity, and it carries net debt of ₹92 Cr. That is lower than 32% of its 23 Aerospace & Defense peers.
On trailing P/E, MISHRA DHATU NIGAM LTD ranks 10 of 23 in Aerospace & Defense — cheaper than 59% of them, against an industry median of 83.7×. This is a position, not a valuation judgement.
On a typical session MISHRA DHATU NIGAM LTD moves 1.57% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by MISHRA DHATU NIGAM LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
