Small Steel

Mishra Dhatu Nigam Ltd.

MIDHANI

₹424.7

0.69% (2.9)

Market Cap

₹7,906 Cr.

P/E

71.33

Mishra Dhatu Nigam Ltd.
Overview
Financials
Benchmarking
Shareholding

Mishra Dhatu Nigam Ltd.

Mishra Dhatu Nigam Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Mishra Dhatu Nigam Ltd. Shareprice

Has the share price of Mishra Dhatu Nigam grown faster than its competition?

Mishra Dhatu Nigam has given lower returns compared to its competitors.
Mishra Dhatu Nigam has grown at ~15.95% over the last 7yrs while peers have grown at a median rate of 25.13%

Is Mishra Dhatu Nigam stock expensive?

Yes, Mishra Dhatu Nigam is expensive.
Latest PE of Mishra Dhatu Nigam is 71.33, while 3 year average PE is 42.24.
Also latest EV/EBITDA of Mishra Dhatu Nigam is 37.1 while 3yr average is 24.2.

View FAQ's On Business

Growth Table

Mishra Dhatu Nigam Ltd.
Sunflag Iron & Steel
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Lloyds Enterprises
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-19.80	17.54	36.10	20.69	14.19	22.85	15.95	—	—	—
TTM EPS CAGR	19.90	-16.08	-15.08	-9.40	-4.32	-4.08	-3.28	—	—	—
Sales CAGR	0.13	10.99	7.71	7.20	8.54	7.12	7.06	18.12	—	—
PAT Margin (Abs Growth)	-9.36	-11.97	-11.91	-13.62	-9.81	-11.15	-7.04	-6.94	-7.02	-6.10
PE CAGR	-33.11	40.07	60.26	33.21	19.34	28.08	19.88	—	—	—
CFO CAGR	-709	549	7.03	1.34	-6.14	48.32	8.87	3.20	16.08	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Mishra Dhatu Nigam Ltd.
Sunflag Iron & Steel
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Lloyds Enterprises
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In Rs. Cr.	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	1,825	2,396	2,459	2,779	2,863	2,905	2,915
Non Current Assets	619	851	974	1,066	1,080	1,094	1,128
Net Block	425	441	429	938	1,016	1,032	1,074
Capital Work in Progress	175	405	549	132	79.64	83.06	25.09
Intangible Assets Under Development	—	—	—	—	—	—	—
Long Term Investments	2.10	20.47	20.60	20.91	21.30	21.82	25.32
Current Assets	1,166	1,514	1,451	1,678	1,744	1,767	1,787
Inventory	509	911	801	1,091	1,225	1,310	1,281
Accounts Receivable	352	297	386	306	316	323	410
Short Term Investments	—	—	—	—	—	—	—
Cash & Bank Balances	198	111	93.95	62.58	14.42	16.61	51.02
Liabilities	1,825	2,396	2,459	2,779	2,863	2,905	2,915
Shareholders Funds	835	957	1,071	1,190	1,285	1,319	1,415
Share Capital	187	187	187	187	187	187	187
Reserves	647	769	884	1,002	1,098	1,132	1,228
Non Current Liabilities	456	743	745	788	777	811	814
Secured Loans	—	—	—	27.76	67.36	59.14	—
Unsecured Loans	0.57	0.18	—	—	—	—	39.08
Current Liabilities	534	697	643	802	801	775	686
Accounts Payable	128	129	85.57	176	146	120	93.27
Short Term Loans	106	133	160	240	300	245	195

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Mishra Dhatu Nigam Ltd.
Sunflag Iron & Steel
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Lloyds Enterprises
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In Rs. Cr.	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	711	713	813	859	872	1,073	1,074
Operating Expenses	526	514	567	596	613	878	856
Raw Material	293	377	170	345	391	523	422
Material Cost (%)	26.56	16.75	26.03	22.20	18.68	41.81	40.10
Employee Cost	107	121	120	121	124	131	142
Power & Fuel Cost	56.24	62.02	42.32	63.01	103	90.09	—
Operating Profit	185	199	246	263	259	195	218
Other Income	36.89	36.44	19.83	31.31	37.78	29.94	30.92
OPM (%)	25.96	27.92	30.24	30.64	29.67	18.18	20.30
Depreciation and Amortisation	23.19	26.11	27.00	33.00	53.00	58.55	63.48
Interest	7.20	7.28	12.69	22.57	26.91	35.46	29.45
Profit Before Tax	191	200	226	239	217	131	156
Tax	60.49	42.35	59.80	62.81	60.67	39.70	45.97
Net Profit	131	158	166	177	156	91.78	110
Number of shares(Crs)	18.73	18.73	18.73	18.73	18.73	18.73	—
Dividend Payout Ratio(%)	31.42	30.33	31.29	32.88	40.16	28.78	—

TTM Values as of Mar 2025

Cash Flow

Mishra Dhatu Nigam Ltd.
Sunflag Iron & Steel
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Lloyds Enterprises
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In Rs. Cr.	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	296	204	176	5.11	-35.41	216	217
Profit Before Tax	192	199	226	240	217	131	157
Adjustments	16.05	18.59	34.85	37.07	63.48	78.80	74.94
OCF Before Working Capital	208	218	260	277	280	210	232
Working Capital Changes	140	31.42	-36.84	-202	-263	39.68	21.55
Taxes Paid	-51.63	-45.05	-47.77	-69.84	-52.09	-33.80	-36.34
Cash from Investing Activity	-205	-195	-115	-67.77	-2.95	-65.16	-96.17
Net Fixed Assets Purchased	-214	-272	-159	-90.49	-72.85	-79.06	-67.69
Fixed Assets Purchased	-214	-272	-159	-90.49	-72.85	-79.06	-67.69
Fixed Assets Sold	—	0.09	—	—	—	—	—
Investment Purchased	-5.11	-20.00	—	—	—	—	-2.73
Investment Sold	—	83.00	40.00	7.40	52.60	—	—
Interest Recieved	13.56	13.35	4.30	13.38	8.04	5.52	5.54
Dividends Recieved	—	—	—	—	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—
Cash from Financing Activity	-77.96	-13.06	-36.92	38.66	42.78	-148	-126
Proceeds From Shares	—	—	—	—	—	—	—
Net Long Term Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	-90.06
Proceeds From Borrowings	—	—	—	—	—	—	175
Repayment From Borrowings	—	—	—	—	—	—	-265
Interest Paid	-6.36	-5.92	-12.00	-21.50	-25.73	-34.58	-22.27
Dividend Paid	-70.84	-28.30	-51.74	-58.85	-60.34	-57.71	-14.05
Net Cash Flow	12.70	-3.87	24.00	-23.99	4.41	2.19	-5.59
Opening Cash & Cash Equivalents	1.04	13.73	9.87	33.87	9.88	14.29	16.48
Effect of FX	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	13.73	9.87	33.87	9.88	14.29	16.48	10.88
Net Capex (est)	214	272	159	90.49	72.85	79.06	67.69
Free Cash Flow (est)	82.22	-67.16	16.63	-85.37	-108	137	149

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Mishra Dhatu Nigam Ltd.
Sunflag Iron & Steel
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Lloyds Enterprises
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	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	1.23	0.87	1.01	0.73	0.65	0.59
Liquid Assets (Crs)	657	604	650	587	519	457
Current Liabilities (Crs)	534	697	643	802	801	775
Current Ratio	2.19	2.17	2.26	2.09	2.18	2.28
Current Assets (Crs)	1,166	1,514	1,451	1,678	1,744	1,767
Current Liabilities (Crs)	534	697	643	802	801	775
Interest Coverage Ratio	27.55	28.52	18.83	11.61	9.06	4.71
EBIT (Crs)	198	209	239	262	243	166
Interest Expenses (Crs)	7.20	7.28	12.69	22.57	26.91	35.46
Fixed Asset Turnover	1.42	1.32	1.46	0.78	0.71	0.82
Net Sales (Crs)	711	713	813	859	872	1,073
Fixed Assets (Crs)	499	541	556	1,098	1,228	1,301
Cash Conversion Cycle	194	136	353	298	255	432
Inventory Days	261	363	384	401	485	431
Days Receivable	181	166	153	147	130	109
Days Payable	248	393	185	250	360	108
Debt to Equity Ratio	0.13	0.14	0.15	0.22	0.30	0.25
Total Debt (Crs)	107	134	160	268	387	324
Shareholders Equity (Crs)	835	957	1,071	1,190	1,285	1,319
Free Cash Flow/Sales (%)	11.57	-9.42	2.04	-9.93	-12.42	12.73
Free Cash Flow(est) (Crs)	82.22	-67.16	16.63	-85.37	-108	137
Net Sales (Crs)	711	713	813	859	872	1,073
Profitability Ratios
Gross Margin (%)	73.44	83.25	73.97	77.80	81.32	58.19
Op Profit Margin (%)	25.96	27.92	30.24	30.64	29.67	18.18
Operating Profit (Crs)	221	235	266	295	296	225
Net Sales (Crs)	711	713	813	859	872	1,073
Net Profit Margin (%)	18.37	22.18	20.46	20.55	17.92	8.56
Net Profit (Crs)	131	158	166	177	156	91.78
Net Sales (Crs)	711	713	813	859	872	1,073
ROCE (%)	15.35	12.32	13.14	13.23	11.81	7.81
EBIT (Crs)	198	209	239	262	243	166
Capital Employed (Crs)	1,291	1,700	1,817	1,977	2,062	2,130
Return on Assets (%)	7.16	6.60	6.77	6.35	5.46	3.16
Net Profit (Crs)	131	158	166	177	156	91.78
Total Assets (Crs)	1,825	2,396	2,459	2,779	2,863	2,905
ROIC (%)	10.66	8.79	9.52	9.02	7.32	4.56
Op Profit after Taxes (Crs)	110	136	161	170	148	95.28
Invested Capital (Crs)	1,034	1,552	1,692	1,884	2,023	2,090
ROE (%)	15.64	16.53	15.54	14.85	12.16	6.96
Net Profit Margin (%)	18.37	22.18	20.46	20.55	17.92	8.56
Asset Turnover ratio	0.39	0.30	0.33	0.31	0.30	0.37
Equity Multiplier	2.19	2.50	2.30	2.34	2.23	2.20
Adjusted EPS	6.97	8.44	8.88	9.43	8.34	4.90
Valuation Ratios
P/E	20.24	21.19	19.89	17.54	22.11	80.38
Price to Book	3.17	3.50	3.09	2.60	2.69	5.59
EV/EBITDA	11.52	14.32	12.71	11.21	12.91	34.16
Dividend Yield (%)	1.55	1.43	1.57	1.87	1.82	0.36

Quarterly Results

Mishra Dhatu Nigam Ltd.
Sunflag Iron & Steel
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Lloyds Enterprises
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	231	345	188	227	252	405	163	262	238	411
Operating Expenses	166	244	146	191	216	325	140	213	186	317
Increase/Decrease in Stock	-25.97	-14.21	-108	-63.35	-27.30	124	-47.34	-6.10	-19.48	81.40
Raw Material	71.14	132	158	149	142	75.26	94.33	117	100	111
Employee Cost	33.27	32.50	30.19	32.44	35.04	36.16	31.25	35.06	36.07	39.96
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	65.67	100	41.54	36.30	35.90	80.40	23.30	48.96	52.45	93.34
Other Income	8.87	12.10	8.02	7.57	6.22	8.13	7.77	8.54	7.01	7.60
Interest	7.16	8.09	8.63	8.79	8.74	8.40	6.84	7.88	7.29	7.43
PBDT	67.39	104	40.92	35.08	33.38	80.13	24.23	49.61	52.17	93.51
Depreciation and Amortization	13.58	13.70	14.19	14.44	14.46	15.46	15.27	15.69	16.18	16.35
Profit Before Tax	53.81	90.46	26.73	20.64	18.92	64.67	8.96	33.92	35.99	77.16
Tax	15.31	24.35	8.19	6.79	6.43	18.29	3.85	10.37	10.73	21.02
Profit After Tax	38.50	66.11	18.55	13.85	12.49	46.38	5.11	23.55	25.27	56.14
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	38.63	66.26	18.71	13.93	12.80	46.34	5.29	23.82	25.52	56.20
Quarterly Ratios
EPS	2.06	3.54	1.00	0.74	0.68	2.47	0.28	1.27	1.36	3.00
Operating Profit Margin	28.37	29.06	22.13	15.96	14.25	19.83	14.25	18.68	22.04	22.74
Net Profit Margin	16.63	19.19	9.88	6.09	4.96	11.44	3.13	8.98	10.62	13.67

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

68.60%

Implied Growth Rate over a 5 year period*

25.50%

Implied Growth Rate over a 10 year period*

12.00%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Mishra Dhatu Nigam Ltd. Financials

How strong is Mishra Dhatu Nigam balance sheet?

Balance sheet of Mishra Dhatu Nigam is strong.
But short term working capital might become an issue for this company.

Is the debt of Mishra Dhatu Nigam increasing or decreasing?

The net debt of Mishra Dhatu Nigam is decreasing.
Latest net debt of Mishra Dhatu Nigam is ₹183 Crs as of Mar-25.
This is less than Mar-24 when it was ₹291 Crs.

Is the profitablity of Mishra Dhatu Nigam improving?

The profit is oscillating.
The profit of Mishra Dhatu Nigam is ₹110 Crs for TTM, ₹91.78 Crs for Mar 2024 and ₹156 Crs for Mar 2023.

Does Mishra Dhatu Nigam pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Mishra Dhatu Nigam latest dividend payout ratio is 28.78% and 3yr average dividend payout ratio is 33.94%

How has Mishra Dhatu Nigam allocated its funds?

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory

View FAQ's On Shareholding

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Mishra Dhatu Nigam Ltd.

Mishra Dhatu Nigam Ltd.

Has the share price of Mishra Dhatu Nigam grown faster than its competition?

Is Mishra Dhatu Nigam stock expensive?

How strong is Mishra Dhatu Nigam balance sheet?

Is the debt of Mishra Dhatu Nigam increasing or decreasing?

Is the profitablity of Mishra Dhatu Nigam improving?

Does Mishra Dhatu Nigam pay decent dividends?

How has Mishra Dhatu Nigam allocated its funds?

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