Mishra Dhatu Nigam Ltd Stock Analysis

BSE: 541195 | NSE: MIDHANI | Steel & Iron Products | Small Cap

BSE Share Price 30-Jan-2023 18:02
205.00 0.20 (0.10%)

DeciZen - Make an Informed Decision on Mishra Dhatu Nigam

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Mishra Dhatu Nigam Price Chart

P/E Ratio ( CD) :
21.99
Market Cap :
3,836.7 Cr.
52-wk low :
155.7
52-wk high :
268.9
Bole Toh?

1. Is Mishra Dhatu Nigam Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mishra Dhatu Nigam Ltd is a average quality company.

2. Is Mishra Dhatu Nigam Ltd undervalued or overvalued?

The key valuation ratios of Mishra Dhatu Nigam Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Mishra Dhatu Nigam Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Mishra Dhatu Nigam Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Mishra Dhatu Nigam:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mishra Dhatu Nigam Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%0%0%0%0%0%14.4%16.1%15.1%14.3%-
Value Creation Index NANANANANANA0.00.20.10.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 000000711713813859829
YoY Gr. Rt. %-NANANANANANA0.3%14.1%5.7%-
Adj EPS 00000078.58.99.49.4
YoY Gr. Rt. %-NANANANANANA21.7%5.1%5.9%-
BVPS (₹) 00000044.651.157.263.566.3
Adj Net Profit 000000130158167176175
Cash Flow from Ops. 00000029620417652.1-
Debt/CF from Ops. 0000000.40.70.95.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA6.5%5.7%
Adj EPS NANA10.6%5.9%
BVPS 0012.511.1
Share Price - - 7.9% 11.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 00000015.617.716.415.614.4
Op. Profit Mgn % 000000262830.330.633.4
Net Profit Mgn % 00000018.322.220.520.521.2
Debt to Equity 0000000.10.10.20.20
Working Cap Days 0000000626625635885
Cash Conv. Cycle 0000000440468468461

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 10.63%

Return on Equity has declined versus last 3 years average to 14.40%

Sales growth has been subdued in last 3 years 6.53%

Sales growth is not so good in last 4 quarters at 1.57%

Latest Financials - Mishra Dhatu Nigam Ltd.

Standalone Consolidated
TTM EPS (₹) 9.4 9.4
TTM Sales (₹ Cr.) 829 829
BVPS (₹.) 66.3 66.3
Reserves (₹ Cr.) 1,055 1,054
P/BV 3.09 3.11
PE 21.91 21.99
From the Market
52 Week Low / High (₹) 155.65 / 268.85
All Time Low / High (₹) 86.35 / 278.00
Market Cap (₹ Cr.) 3,837
Equity (₹ Cr.) 187.3
Face Value (₹) 10
Industry PE 10.7

Management X-Ray of Mishra Dhatu Nigam :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mishra Dhatu Nigam

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Mishra Dhatu Nigam Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mishra Dhatu Nigam on 30-Jan-2023 18:02 is : 205.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Jan-2023 18:02 the market cap of Mishra Dhatu Nigam stood at ₹ 3,836.7.
The latest PE ratio of Mishra Dhatu Nigam as of 30-Jan-2023 18:02 is 21.91.
The latest PB ratio of Mishra Dhatu Nigam as of 30-Jan-2023 18:02 is 3.09
The 52-week high of Mishra Dhatu Nigam is ₹ 268.9 and the 52-week low is ₹ 155.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Mishra Dhatu Nigam is ₹ 829.1 ( Cr.) .

About Mishra Dhatu Nigam Ltd

Mishra Dhatu Nigam Limited (MIDHANI) was established in the year 1973 under Ministry of Defence as Government of India Enterprise. The production unit of MIDHANI, located at Kanchanbagh, Hyderabad, was commissioned in the year 1982. MIDHANI has been set up with a view to achieve self-reliance in production and supply of various super alloys, special steels, materials to Defence, other Strategic Sectors for Nuclear, aeronautical and Space applications. The guiding factors for setting up of MIDHANI were the demand for Defence oriented technologies, which come under the national priorities.

Business area of the company

The company is engaged in the business of manufacturing of superalloys, titanium, special purpose steel and other special metals.

Products

Alloys

  • Superalloy
  • Titanium & Titanium Alloys
  • Special Steel
  • Other Metal and Alloys

Products

  • Long Products
  • Flat Products
  • Open Die Forgings
  • Investment castings
  • Special Products

Awards

2013-14:

  • MIDHANI was honored with Rajbasha Cup Award

2014-15:

  • Raksha Mantri Award of Excellence Award, 2014-15.

2015-16:

  • MIDHANI has been bestowed with 5th Annual Greentech CSR award under Gold Category
  • MIDHANI has been bestowed with certificate from ELETS for the Project Performance Excellence of MIDHANI

2016-17:

  • Corporate Vigilance Excellence Award
  • Skoch Awards - 2016
  • Excellence Award

2017-18:

  • MIDHANI was awarded Raksha Mantri’s Award for Excellence for the year 2014-15 under the category of innovation. The award was given for development of Nuclear Application Steel Plate.

2018-19:

  • MIDHANI was awarded HR-Excellence Award for Value Growth in the Non-financial category

2019-20:

  • MIDHANI was Conferred “GOLD Award” for “Corporate Excellence” by Skoch Group (Highest Independent Honour in India) for the Project “Modernization & Diversification of Products & Processes at MIDHANI” in June 2019 at New Delhi.
  • MIDHANI was awarded India’s Most Trusted Company 2019 by IBC Media USA in August 2019 at New Delhi.

Milestones

  • 1983-1984: First commercial production started.
  • 1987-1988: Entered into the field of fabrication of special armour panels.
  • 2000-2001: Development of bio implants from Titanium alloys.
  • 2001-2002: Development Niobium alloy required for critical space applications.
  • 2002-2003: Supply of indigenized special fasteners commenced.
  • 2005-2006: Development of large forgings of Chromium -Molybdenum steel in the form of weld neck flanges, blind flanges etc.
  • 2006-2007: Development of gun barrel forgings.
  • 2008-2009: Achieved Mini Ratna category-1 status from MoD.
  • 2009-2010: Commencement of commercial production of 6.5 metric tonnes vacuum induction melting furnace.
  • 2010-2011: Commissioning of critical equipment like 10 tonnes vacuum arc re-melting furnace.
  • 2011-2012: Implementation of the e-Procurement portal for publishing and processing tenders online.
  • 2011-2012: Signatory to UN Global Compact Initiative.
  • 2014-2015: Commissioning of 6000 tonnes forge press and electron beam melting furnace.
  • 2015-2016: Commissioning of in-house designed 20 tonnes electro slag refining furnace and 10 tonnes vacuum arc re-melting furnace.
  • 2015-2016: Awarded “Excellent” rating with a score of 97.06%, which is the best amongst all the defence PSUs and ranks among top 5% of all companies signing such MoUs with the Department of Defence Production.
  • 2016-2017: Commissioning of 20 tonnes electric arc furnace.
  • 2017-2018: NALCO signed MoU with MIDHANI for setting up of Aluminium Alloy Plant. 
  • 2018-2019: MIDHANI and TUBACEX Sign MoU 
  • 2019-2020: Midhani Delivers Ultra High Strength Steel & Cobalt Alloys For 'Gaganyaan' Of ISRO
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