Mishra Dhatu Nigam Ltd Share Price

Overview

Mishra Dhatu Nigam Ltd share price is currently ₹468.19, up by ₹52.37 (12.59%) from its previous closing price of ₹415.82. The share price has gained 9.11% over the past month and gained 24.75% over the past year. The stock's 52-week low and high are ₹261.00 and ₹471.71, respectively. Mishra Dhatu Nigam Ltd has a market capitalisation of ₹ 7,850.00 Cr. The share price was last updated on 08 Sep 2026, 11:51 AM IST.

Mishra Dhatu Nigam Ltd
Mishra Dhatu Nigam Ltd
MIDHANI
 0.00
 52.37
12.59%
Iron & Steel
 0.00(%)1D

Updated: 08 Sep 2026, 11:51:20 am IST

Market Data

Open Price

 416.10

Prev. Close

 415.82
 416.10

Day Low

 471.71

Day High

 261.00

52 Week Low

 471.71

52 Week High

Iron & SteelSteel & Iron Products
CategoryMid Cap

Fundamentals

Quick Bite

Price To Earnings Ratio

65.03

Sector PE

20.26

PB Ratio

6.20

Sector PB

2.81

EPS

7.20

Dividend Yield

0.28

Today's Volume

12.750 M

5 Day Avg. Volume

2.922 M

PEG Ratio

3.13

Market Cap.

₹ 7,850.00 Cr.

StockGro Trade views

Technical Analysis

Forecasts 🧭

Financials

Corporate Actions

ActionsEx-DateRecord-Date
DividendsInterim Dividend of 8.5% at ₹0.85/Share
18-Mar-202619-Mar-2026
DividendsInterim Dividend of 7.5% at ₹0.75/Share
25-Mar-202525-Mar-2025

Mutual Fund Ownership

Mutual Fund Holder
Jul 26
Shares held
Aug 26
Shares held
Nippon India Retirement Fund - Income Generation Scheme - Growth13.93 k
13.93 k
no change
Nippon India Small Cap Fund - Growth25.89 Lac
-
(100%)
Nippon India Retirement Fund - Wealth Creation Scheme - Growth6.42 Lac
-
(100%)
Motilal Oswal Nifty Microcap 250 Index Fund - Regular Plan - Growth1.30 Lac
-
(100%)
Motilal Oswal Nifty India Defence Index Fund - Regular Plan - Growth6.54 Lac
-
(100%)

About Mishra Dhatu Nigam Ltd 👋

Mishra Dhatu Nigam Limited is an India-based company. The Company is engaged in the production and supply of various super alloys, special steels, soft magnetic alloys for defense and other strategic sectors such as energy, space and aeronautical applications. It offers superalloys, titanium and titanium alloys, special steel, other metals and alloys. It provides nickel, cobalt and iron-based superalloys for chemical and petrochemical processing, aero-engines, power plants, and oil and gas industries. Its titanium and titanium alloys include unalloyed or commercially pure titanium; alpha and near-alpha alloys; alpha-plus -beta alloys; and beta alloys for applications in the medical, chemical and car industries. Its special steel products include martensitic steels, high strength special steel, austenitic steels, and precipitation hardening steels for applications in aerospace, power generation, nuclear, defense, cryogenic and other general engineering industries.

Expert Opinions

Insights from SEBI-registered analysts · updated live

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Tejaswi

Tejaswi

6 Sep • 9:40 PM · SEBI-Registered Analyst

Mishra Dhatu NIgam Limited: Space Boom, Listed Opportunity

MIDHANI
India’s space economy is moving from a government-led programme towards a commercial industry. It could grow from about $8.4 billion to $44 billion by 2033. MIDHANI offers investors a listed way to participate. Mishra Dhatu Nigam makes specialised materials such as titanium alloys, superalloys and special steels used in rockets, satellites, aircraft and defence systems. As India’s space industry expands, demand for a stronger domestic supply chain should rise. MIDHANI’s numbers are improving. FY26 revenue stood at ₹1,208.6 crore and net profit at ₹130.8 crore. Revenue has grown at about 17% CAGR over five years. In Q1FY27, revenue jumped 40.46% YoY to ₹239.5 crore, while profit increased 27.4% to ₹16.3 crore. Its order book was around ₹2,329 crore, with space contributing about 21%, alongside defence and energy. It is also moving into higher-value aerospace products. Titanium production reached about 700 tonnes in FY26, almost double the previous year. Certifications could help it access global OEMs. For shareholders, the opportunity is attractive as MIDHANI sits upstream of space, defence indigenisation and aerospace manufacturing. A richer product mix could improve growth and margins. But the stock already discounts considerable optimism. At about 58x earnings, valuation is demanding. Raw-material costs, energy prices, long aerospace qualification cycles and dependence on government and customers can create earnings volatility. The ₹1,000 crore capex plan also raises execution risk. Overall, MIDHANI provides a credible listed “backdoor” into India’s private space boom. Now the opportunity is valuable, but returns will depend on converting its order pipeline into sustained revenue and profit growth without letting valuation expectations run ahead of fundamentals.

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Sumit Kadam

Sumit Kadam

3 Sep • 1:24 PM · SEBI-Registered Analyst

Defence & Explosives: India’s New Growth Story?

Defence spending, order books, capacity expansion and execution can influence earnings, but investors must study valuation, risks and business quality. Imagine India’s defence story as a long road being built. The first layer is **demand**. India is increasing its focus on domestic defence production, ammunition, drones, missiles and advanced military systems. One company getting strong market attention is **Solar Industries India**. Its share price has risen about **79% from its March 2026 low**, while its market capitalisation recently approached ₹2 trillion. But the bigger lesson is not simply about one stock. Solar’s Q1 FY27 revenue grew 70% YoY, while its defence business grew 123%. The company also reported a defence order book above ₹18,000 crore. If this broader defence cycle continues, companies across the Nifty 500 connected with aerospace, electronics, missiles, shipbuilding and military equipment may remain important stocks to **study**. 🔎 **Nifty 500 names to research for this theme:** • **

SOLARINDS
** — explosives & ammunition • ** Hindustan Aeronautics (HAL)** — aircraft & aerospace • **Bharat Electronics (BEL)** — defence electronics • **Bharat Dynamics (BDL)** — missiles & weapon systems • **Mazagon Dock Shipbuilders** — naval platforms • **Cochin Shipyard** — shipbuilding & defence • **BEML** — defence mobility & equipment • **Mishra Dhatu Nigam (MIDHANI)** — strategic materials The important takeaway? A rising share price tells only half the story. The real story is **orders → execution → revenue → profit → valuation**. That is where serious learning begins. ⚠️ **Educational content only. Not a stock tip, recommendation or investment advice. Do your own research and consult a SEBI-registered investment professional before making investment decisions.**

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Saksham Sharma - SEBI RIA

Saksham Sharma - SEBI RIA

20 Aug • 9:21 AM · SEBI-Registered Analyst

MIDHANI: Stock Hits 52-Week High on GE Aerospace Approval

MIDHANI
(MIDHANI) touched a 52-week high of ₹456.60 on August 13, gaining around 8% over three trading sessions, after securing S400 approval from GE Aerospace. This came as the broader Nifty India Defence index extended its rally to a fourth straight session, crossing its previous record of 9,784.60 set back on June 23. Worth separating two distinct things happening here together, since they're not the same story. 1. Company-specific trigger: MIDHANI's own approval from GE Aerospace is a direct, specific catalyst tied to that one company's business, a new qualification that can translate into actual future orders 2. Sector-wide momentum: The broader defence index rally reflects wider tailwinds, including PM Modi's Independence Day address emphasizing India as a global defence manufacturing hub, and India's defence exports having grown roughly 56 times over the past 12 years to reach ₹38,424 crore in FY26 This is a useful distinction to apply generally. When a stock hits a new high alongside its entire sector rallying, it's worth checking whether that specific stock also has its own individual news driving it, or whether it's simply being carried up by broader sector enthusiasm. MIDHANI genuinely has both here, a real company-specific catalyst, layered on top of sector-wide momentum, which is different from a stock rising purely because everything around it is rising. The takeaway: A stock hitting a 52-week high during a sector-wide rally deserves a closer look at whether it has its own specific reason to be there, or whether it's simply riding the broader wave. The two scenarios carry very different implications for whether that strength is likely to hold once sector-wide enthusiasm eventually cools.

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DEEPAK PAL

DEEPAK PAL

17 Aug • 10:47 PM · SEBI-Registered Analyst

“Index पर दबाव हो सकता है, लेकिन अवसर खत्म नहीं होते—बस ध्यान सही Share और सही स्तरों पर होना चाहिए।”

आज का Market Outlook / Closing View Nifty: 24,287.65, -78 points (-0.32%) Sensex: 77,728, -281 points (-0.36%) Nifty ne 5th consecutive session decline diya. Main pressure elevated crude oil, Middle-East/U.S.-Iran tensions, IT selling aur FII outflow se aaya. 1. आज Nifty IT करीब 2% नीचे रहा।

INFY
Infosys, HCL Tech, TCS, Mphasis aur Persistent jaise stocks mein selling dekhi gayi. Global growth/demand concerns aur currency-related factors IT sentiment par pressure daal rahe hain. Focus: Infosys, TCS, HCL Tech, Mphasis, Persistent 2. Market weakness ke बावजूद Nifty Metal करीब 1.2% ऊपर रहा. Tata Steel करीब 1.47% चढ़ा, जबकि SAIL करीब 2.4% मजबूत रहा. Hindalco भी buying interest में रहा. इसके पीछे global metal prices और commodity-linked stocks में selective buying को देखा जा रहा है। Focus: Tata Steel, Hindalco, SAIL, JSW Steel, Jindal Steel 3. Overall market weak hone ke बावजूद Reliance Industries करीब 0.8% ऊपर बंद हुआ और ₹1,318 के आसपास रहा. इसलिए large-cap space में Reliance आज relative strength दिखाने वाले stocks में रहा. Focus: Reliance — अगर ₹1,320 के ऊपर strength sustain होती है तो technical momentum देखने लायक रहेगा. 4. HAL करीब 2.2% ऊपर रहा। Company ने Adani Defence और BEML के साथ manufacturing partnership agreement किया है, जिसने defence stocks में interest बढ़ाया. Focus: HAL, BEML, BEL, MIDHANI 5. Pharma में broad-based strength नहीं थी। Dr Reddy's करीब 2% गिरा, जबकि Orchid Pharma करीब 9.7% टूट गया, mainly regulatory/earnings-related concerns के कारण. दूसरी तरफ कुछ pharma names में buying भी दिखी. DRREDDY, SUNPHARMA, ORCHIDPHARMA 6. BSE — आज sharp correction BSE करीब 5% गिरा क्योंकि Jefferies ने stock को Hold से Underperform downgrade किया और target ₹3,520 से घटाकर ₹2,940 किया. Q1 results के बाद earnings estimates में भी कटौती की गई. इसलिए BSE में अभी fresh buying के बजाय risk/reaction देखना बेहतर रहेगा.

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Ashish Kumar

Ashish Kumar

13 Aug • 6:03 PM · SEBI-Registered Analyst

Mishra Dhatu Nigam shares soar 9.6% after GE Aerospace S400 approval

MIDHANI
Mishra Dhatu Nigam Ltd (MIDHANI) jumped 9.6% on Thursday after the company announced it had secured Independent and International Metallic Material Laboratory (S400) approval from GE Aerospace. MIDHANI said it has become the first Indian firm to receive the prestigious S400 accreditation for a wide range of chemical, mechanical and metallurgical testing services. The approval positions the state-owned speciality steel and alloy maker as a qualified testing partner for GE Aerospace’s global supply chain. The development is expected to strengthen MIDHANI’s credentials in the aerospace materials sector and open new business opportunities with international OEMs. Investors responded positively to the news, driving the sharp rally in the stock.

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Pradeep Carpenter

Pradeep Carpenter

13 Aug • 2:38 PM · SEBI-Registered Analyst

MIDHANI Gains on GE Aerospace Approval

Mishra Dhatu Nigam (MIDHANI) shares gained sharply after the company became the first Indian firm to receive GE Aerospace’s S400 approval for its Independent & International Metallic Material Laboratory. The approval allows MIDHANI’s laboratory to undertake chemical, mechanical and metallurgical testing of metallic materials as per GE Aerospace’s stringent standards. This is strategically important for MIDHANI as it strengthens the company’s position in the global aerospace supply chain. The development also assumes significance amid India’s growing focus on indigenous defence manufacturing and the planned production of GE Aerospace’s F414 engines in India. MIDHANI’s expertise in specialised aerospace alloys and high-performance materials could create opportunities for deeper participation in future aerospace programmes. Importantly, the S400 approval is not a fresh GE Aerospace order. However, the qualification can potentially improve MIDHANI’s eligibility for future business from GE and other global aerospace customers. Along with the approval, MIDHANI’s strong recent financial performance and a healthy order book have further supported investor sentiment. Market View: The development is positive for MIDHANI’s long-term aerospace and defence opportunity, although investors should watch for actual order wins and revenue contribution before assigning a larger valuation premium.

MIDHANI

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