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DefenceMaterials & MetallurgyMaterials & Energetics

Mishra Dhatu Nigam

India's only superalloy + titanium alloy mill — feeds HAL engines, missiles, naval steel. Strategic monopoly, modest growth, PSU constraints.

Order book · Superalloy demand tied to engine/missile programs

Hold
₹408
Mkt cap ₹7.6K Cr
P/E
58.0x
P/B
5.0x
ROCE
11.3%
ROE
8.9%
Div yield
0.21%
52W high
₹455
52W low
₹267
Promoter
74.0%
Score bridge (derived from real data)
Fundamental
47
Valuation
66
Technical
56
Moat (curated)
70

Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.

52-week position
₹267now ₹408₹455
75/100
Technical rating B
Price · 2 years · SMA 50/200 · as of 2026-07-20
NeutralMACD BearishGolden cross
RSI-14
RSI-14
45
vs SMA-50
-2.5%
vs SMA-200
11.2%
1Y return
-2.8%
Ann. vol
40%
Max DD 1Y
-35%
Annual trend · sales, PAT, OPM
Quarterly run-rate
Peer set · Materials & Metallurgy
CompanyMkt capP/EOPMROCESales 3YPAT 3YD/EComposite
PTC Industries₹27.0K Cr266.0x22%8.4%40.2%57.7%0.17x53
Mishra Dhatu Nigam ◄₹7.6K Cr58.0x20%11.3%11.5%-5.7%0.27x58

Financial statements

Source: Screener.in
Sales 3Y CAGR
11.5%
PAT 3Y CAGR
-5.7%
OPM (latest)
20.0%
PAT margin
10.8%
D / E
0.27x
CFO / PAT
1.18x
EV / EBITDA
33.8x
FCF yield
0.1%
Ratio history · computed per year
RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales growth YoY %—1.5%23.1%0.1%12.6%
PAT growth YoY %—-11.9%-41.0%20.7%18.0%
OPM %31%30%18%20%20%
PAT margin %20.6%17.9%8.6%10.3%10.8%
ROE % (PAT / net worth)14.9%12.1%7.0%7.8%8.6%
D / E (x)0.230.380.330.250.27
Asset turnover (x)0.310.300.370.370.38
CFO / PAT (x)0.29-0.222.351.951.18
Annual P&L · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales8598721,0731,0741,209
Operating profit263259195219238
OPM %31%30%18%20%20%
Net profit17715692111131
EPS ₹9.438.344.905.927.02
Quarterly · ₹ Cr
Dec 2024Mar 2025Jun 2025Sep 2025
Sales238411170210
OPM %22%23%20%16%
PAT26561313
Balance sheet · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity187187187187187
Reserves1,0021,0981,1321,2281,345
Borrowings268489433350407
Total assets2,7792,8632,9052,9153,221
Cash flow · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating52-35216217155
Investing-103-3-65-96-150
Financing2743-148-12616
Shareholding
Promoters
74.0%
FII
1.3%
DII
7.8%
Public
16.9%
Mkt cap
₹7.6K Cr
P/E
58.0x
52W range
₹267–455