---
title: "Mishra Dhatu Nigam Ltd (MIDHANI) — Share Price, Financials & Analysis"
symbol: "MIDHANI"
company: "Mishra Dhatu Nigam Ltd"
canonical: "https://tapetide.com/stocks/MIDHANI"
isin: "INE099Z01011"
nse_symbol: "MIDHANI"
bse_code: "541195"
sector: "Aerospace & Defense"
industry: "Engineering"
market_cap_cr: 8335.69
generated_at: "2026-09-13T19:26:08.392Z"
---

# Mishra Dhatu Nigam Ltd (MIDHANI)

Canonical page: https://tapetide.com/stocks/MIDHANI

## Company

- **NSE Symbol:** MIDHANI
- **BSE Code:** 541195
- **ISIN:** INE099Z01011
- **Sector:** Aerospace & Defense
- **Industry:** Engineering
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2018-04-04
- **CEO:** Mr. Paul Antony
- **Employees:** 786
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** midhani-india.in

## About

Mishra Dhatu Nigam Ltd (MIDHANI) manufactures superalloys, titanium, special purpose steel and other special metals.[1] 
It was incorporated in 1973 at Hyderabad as a Government of India Enterprise under the Ministry of Defence.[2] GoI still owns ~74% stake in the company after its IPO in 2018.[3]

## Latest Price

- **Price:** ₹447.4
- **Change:** -15.95 (-3.44%)
- **Open:** ₹461
- **Day High:** ₹461
- **Day Low:** ₹442.5
- **Previous Close:** ₹463.35
- **Volume:** 1941042
- **As Of:** 2026-09-11T10:24:11+00:00

## Key Fundamentals

Observed at 2026-09-11T04:42:06.085417Z.

- **Market Cap:** ₹8335.69 Cr
- **Classification:** Microcap
- **P/E (reported):** 64.3
- **P/E (TTM):** 62.4
- **EPS (TTM):** ₹7.17
- **EPS (reported):** ₹4.18
- **Book Value:** ₹81.78
- **Price to Book:** 5.67
- **Dividend Yield:** 0.18%
- **ROE:** 7.83%
- **ROCE:** 8.36%
- **Debt to Equity:** 0.27
- **Revenue (yearly):** ₹1182.03 Cr
- **Net Income:** ₹135.67 Cr
- **EBITDA:** ₹210.98 Cr
- **52-Week High:** ₹482.4
- **52-Week Low:** ₹266.65
- **RSI (14):** 64.32

## Tapetide Score

- **Score:** 52 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Flat
- **Percentile:** 56.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 42.32 | 9% |
| growth | 52.11 | 9% |
| momentum | 55.22 | 12% |
| ownership | 56.96 | 24% |
| quality | 63.85 | 22% |
| valuation | 38.82 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has been maintaining a healthy dividend payout of 24.1%

### Weaknesses

- Stock is trading at 5.48 times its book value
- The company has delivered a poor sales growth of 8.25% over past five years.
- Company has a low return on equity of 8.02% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 167 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 0.61% | 712.71% | 23.36% |
| ebitda margin growth | -68.17% | -23.3% | -14.96% | -47.57% |
| net income growth | -78.82% | 22.45% | -6% | -5% |
| revenue growth | -56.46% | 6.97% | 12% | 8% |
| roce | -73.53% | 7.32% | -28.97% | 10.84% |
| roe | -78.86% | 12.5% | 8.98% | -49.61% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 227 | 252 | 406 | 163 | 262 | 238 | 411 | 170 | 210 | 276 | 553 | 239 |
| Expenses | 191 | 216 | 325 | 140 | 213 | 186 | 317 | 136 | 177 | 221 | 437 | 203 |
| Operating Profit | 36 | 36 | 80 | 23 | 49 | 52 | 93 | 34 | 33 | 55 | 116 | 37 |
| OPM % | 16 | 14 | 20 | 14 | 19 | 22 | 23 | 20 | 16 | 20 | 21 | 15 |
| Other Income | 8 | 6 | 8 | 8 | 9 | 7 | 8 | 7 | 9 | 8 | 14 | 10 |
| Interest | 9 | 9 | 8 | 7 | 8 | 7 | 7 | 6 | 6 | 6 | 7 | 6 |
| Depreciation | 14 | 14 | 15 | 15 | 16 | 16 | 16 | 16 | 17 | 17 | 17 | 17 |
| Profit before tax | 21 | 19 | 65 | 9 | 34 | 36 | 77 | 19 | 19 | 39 | 107 | 24 |
| Tax % | 33 | 34 | 28 | 43 | 31 | 30 | 27 | 33 | 33 | 30 | 27 | 32 |
| Net Profit | 14 | 12 | 46 | 5 | 24 | 25 | 56 | 13 | 13 | 27 | 78 | 16 |
| EPS in Rs | 0.74 | 0.67 | 2.48 | 0.27 | 1.26 | 1.35 | 3 | 0.68 | 0.68 | 1.47 | 4.15 | 0.87 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 662 | 711 | 713 | 813 | 859 | 872 | 1073 | 1074 | 1209 | 1278 |
| Expenses | 470 | 526 | 514 | 567 | 596 | 613 | 878 | 855 | 971 | 1038 |
| Operating Profit | 191 | 185 | 199 | 246 | 263 | 259 | 195 | 219 | 238 | 240 |
| OPM % | 29 | 26 | 28 | 30 | 31 | 30 | 18 | 20 | 20 | 19 |
| Other Income | 36 | 37 | 36 | 20 | 31 | 38 | 30 | 31 | 38 | 41 |
| Interest | 9 | 7 | 7 | 13 | 23 | 27 | 35 | 30 | 25 | 25 |
| Depreciation | 20 | 23 | 26 | 27 | 33 | 53 | 59 | 63 | 66 | 67 |
| Profit before tax | 198 | 191 | 202 | 226 | 239 | 217 | 131 | 156 | 184 | 189 |
| Tax % | 34 | 32 | 21 | 26 | 26 | 28 | 30 | 29 | 29 | — |
| Net Profit | 131 | 131 | 160 | 166 | 176 | 156 | 91 | 110 | 131 | 134 |
| EPS in Rs | 7.01 | 6.97 | 8.53 | 8.88 | 9.41 | 8.32 | 4.87 | 5.88 | 6.98 | 7.17 |
| Dividend Payout % | 30 | 31 | 30 | 31 | 33 | 40 | 29 | 26 | 18 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 187 | 187 | 187 | 187 | 187 | 187 | 187 | 187 | 187 | 187 |
| Reserves | 517 | 602 | 647 | 771 | 885 | 1003 | 1099 | 1132 | 1227 | 1343 |
| Borrowings | 21 | 93 | 107 | 134 | 160 | 360 | 489 | 433 | 350 | 407 |
| Other Liabilities | 375 | 483 | 883 | 1306 | 1228 | 1230 | 1089 | 1154 | 1150 | 1282 |
| Total Liabilities | 1101 | 1365 | 1825 | 2398 | 2461 | 2781 | 2864 | 2906 | 2914 | 3220 |
| Fixed Assets | 327 | 344 | 425 | 441 | 429 | 938 | 1016 | 1032 | 1074 | 1066 |
| CWIP | 6 | 65 | 175 | 405 | 549 | 132 | 80 | 83 | 25 | 16 |
| Investments | 2 | 2 | 2 | 22 | 22 | 22 | 22 | 22 | 25 | 23 |
| Other Assets | 765 | 954 | 1223 | 1530 | 1461 | 1688 | 1746 | 1769 | 1790 | 2115 |
| Total Assets | 1101 | 1365 | 1825 | 2398 | 2461 | 2781 | 2864 | 2906 | 2914 | 3220 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 119 | 20 | 296 | 204 | 176 | 5 | -35 | 216 | 217 | 155 |
| Cash from Investing Activity | -65 | -78 | -205 | -195 | -115 | -68 | -3 | -65 | -96 | -150 |
| Cash from Financing Activity | -43 | 25 | -78 | -13 | -37 | 39 | 43 | -148 | -126 | 16 |
| Net Cash Flow | 12 | -33 | 13 | -4 | 24 | -24 | 4 | 2 | -6 | 21 |
| Free Cash Flow | 37 | -75 | 82 | -67 | 17 | -85 | -108 | 136 | 149 | 105 |
| CFO/OP | 97 | 31 | 188 | 125 | 91 | 28 | 6 | 128 | 116 | 84 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 136 | 228 | 181 | 152 | 173 | 130 | 132 | 110 | 139 | 167 |
| Inventory Days | 277 | 749 | 984 | 2784 | 1381 | 2088 | — | — | — | 935 |
| Days Payable | 89 | 299 | 248 | 394 | 148 | 336 | — | — | — | 80 |
| Cash Conversion Cycle | 324 | 678 | 916 | 2542 | 1407 | 1882 | 132 | 110 | 139 | 1022 |
| Working Capital Days | 128 | 144 | 223 | 362 | 321 | 346 | 389 | 332 | 357 | 327 |
| ROCE % | 28 | 25 | 22 | 21 | 21 | 19 | 15 | 9 | 11 | 11 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74% | 74% | 74% | 74% | 74% | 74% | 74% | 74% | 74% | 74% | 74% | 74% |
| FIIs | 1.19% | 0% | 1.08% | 1.27% | 1.42% | 1.26% | 1.65% | 1.34% | 1.37% | 1.25% | 1.32% | 2.56% |
| DIIs | 12.48% | 11.76% | 11.04% | 9.33% | 8.45% | 8.49% | 8.79% | 8.98% | 8.83% | 7.92% | 7.82% | 7.37% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 10.25% | 11.13% | 11.91% | 13.14% | 13.94% | 14.35% | 13.74% | 13.76% | 13.86% | 14.83% | 14.71% | 13.86% |
| Others | 2.07% | 3.12% | 1.98% | 2.26% | 2.18% | 1.9% | 1.82% | 1.92% | 1.93% | 1.99% | 2.15% | 2.2% |
| No. of Shareholders | 93631 | 101808 | 123007 | 142559 | 153279 | 156888 | 157106 | 164891 | 162111 | 166811 | 164331 | 154762 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 7 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 435.32 | Buy |
| EMA (10) | 441.79 | Buy |
| SMA (20) | 429.24 | Buy |
| EMA (20) | 433.01 | Buy |
| SMA (50) | 418.96 | Buy |
| EMA (50) | 423.01 | Buy |
| SMA (100) | 417.07 | Buy |
| EMA (100) | 410.28 | Buy |
| SMA (200) | 375.91 | Buy |
| EMA (200) | 391.85 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.89 | Neutral |
| MACD (12,26,9) | 9.24 | Buy |
| Stochastic (14,3,3) | 68.05 | Neutral |
| ADX (14) | 22.03 | Neutral |
| Williams %R (14) | -46.17 | Neutral |
| ATR (14) | 18.16 | High Volatility |
| ROC (12) | 5.41 | Buy |
| Stoch RSI (14) | 39.17 | Neutral |
| UO (7,14,28) | 49.1 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 3 | 100% |
| Hold | 0 | 0% |
| Sell | 0 | 0% |

Based on 3 analyst ratings, observed at 2026-09-11T04:42:06.111448+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=944bbdae-4f05-4cd8-9966-d2dd365643b0.pdf) |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d72c5311-f8e1-4b92-af71-abe4ebc9ca1f.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de1b3f89-90a9-4fa9-97ff-20a2b6b4e3c8.pdf) |
| 2026-09-08 | [The Record Date For Final Dividend - FY 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=247141bd-6d93-4fd4-87e6-30ef33172398.pdf) |
| 2026-09-08 | [Notice Of 52Nd Annual General Meeting Of Members Of MIDHANI.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3cd81639-4b25-474f-b38f-2a0b912cf03c.pdf) |
| 2026-09-08 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8ff33477-ba27-4a0e-b2bf-8d1a96ecb043.pdf) |
| 2026-08-26 | [In Terms Of Regulation 30 SEBI LODR BSE And NSE On August 25 2026 Imposed A Fine On MIDHANI.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b2d6be69-a713-48c2-9452-65a8eecc8c3d.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ad61302-4330-414c-9daa-cc3a3474317c.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acae0e4f-7118-4194-8685-6d3a8b79a258.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e448896-066f-483f-9306-430ef4eb06a2.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c65bc50-62d5-4639-b541-d7e79186ae5f.pdf) |
| 2026-06-06 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=78f15d93-bbf9-4477-8354-f93c2678ee7e.pdf) |
| 2025-11-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b12e71d6-c11b-45eb-b2e0-bf41944d38f6.pdf) |
| 2025-08-23 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3fa23a91-a5e8-4077-a0d0-f6dabbb43d55.pdf) |
| 2025-06-10 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2de02007-809b-4e0a-a5ac-b049c7fb2317.pdf) |
| 2025-02-11 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c67af5aa-51be-4030-9b2e-637bc59619ce.pdf) |
| 2024-08-21 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=402ad780-e63f-406d-9f3d-f93f495a666a.pdf) |
| 2024-06-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4db2d8c4-68c6-4d2d-9ae1-d65df04f0a63.pdf) |
| 2024-03-01 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80fba335-36d6-4792-9e25-4218a8a6bf2a.pdf) |
| 2023-11-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d263b3b1-8af0-4beb-b774-4564d24a4056.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Results Q1 FY 27.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=afe313e3-691f-4a54-9ba1-64dbc2c11625.pdf) |
| 2026-05-29 | [Approved Financial Results For FY 2025-26 And Recommended Final Dividend.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f5c97f2a-c939-41fc-9d8b-cbac59192a2c.pdf) |
| 2026-02-12 | [Financial For Q3 For FY 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2e09924-e126-47f6-bbb1-18e059031b53.pdf) |
| 2025-11-13 | [Results For Quarter And Half Year Ended On September 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=35dc31b2-c773-4bd3-b67c-994a33df88ce.pdf) |
| 2025-08-13 | [Un-Audited Financial Results Of The Compony For Quarter Ended On June 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95afa6af-1453-431e-9828-4b2de5e2068a.pdf) |
| 2025-02-04 | [Financial Results For Nine Months And Quarter Ended On December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ccb4579f-3287-4ae2-80cf-e3ce1ea63d4a.pdf) |
| 2024-11-13 | [Financial Results For The Quarter And Half Year Ended On September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad53c9e3-e3f4-4d08-8e07-3111e52870ee.pdf) |
| 2024-08-09 | [Intimation Of Outcome Of The Board Meeting Held On August 9, 2024 Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015, As Amended (SEBI LODR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=35d5cb48-3419-4322-ba55-aa2161284d95.pdf) |
| 2024-05-29 | [Audited Financial Results For The Quarter And Year Ended On March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4eecd00-70c3-4ff4-bd29-f6a5347f862b.pdf) |
| 2024-02-09 | [Financial Results For The Quarter And Nine Months Ended On December 31, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2a0c0e3c-8cff-46a6-94df-0bffd5862efd.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b12e71d6-c11b-45eb-b2e0-bf41944d38f6.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8129b6c7-086e-457d-a029-d5fbe9ce0044.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8129b6c7-086e-457d-a029-d5fbe9ce0044.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d263b3b1-8af0-4beb-b774-4564d24a4056.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca0ae82e-0a58-49d2-86fd-dc54be13c00a.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ca0ae82e-0a58-49d2-86fd-dc54be13c00a.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3073ddc1-81b6-44c0-8515-51ea48606c27.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3073ddc1-81b6-44c0-8515-51ea48606c27.pdf) |
| Mar 2024 | [Concall - Mar 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80fba335-36d6-4792-9e25-4218a8a6bf2a.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2de02007-809b-4e0a-a5ac-b049c7fb2317.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-06-03 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11eb3f47-970d-4234-a713-bf4c768c113f.pdf) |
| 2024-11-15 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ceda83f-925f-4c09-b1d8-9a79a42d990e.pdf) |
| 2024-05-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=33876f31-14e3-4099-a756-ec302e64dec8.pdf) |
| 2024-02-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=284380aa-d91a-4430-a484-ffcda6b35934.pdf) |
| 2023-11-15 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aeff9c85-4b2d-460d-80b3-a478d356b659.pdf) |
| 2023-08-22 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95ea7e38-39a4-4949-8d6a-0a552c88a3df.pdf) |
| 2023-05-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4ab37c93-90c8-40aa-ae7d-dd790219df2a.pdf) |
| 2023-02-08 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f65ec6ca-178f-43da-8be0-84f904603705.pdf) |
| 2022-11-21 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f35e1e6-7daa-46e7-aa54-bd566c70cc83.pdf) |
| 2022-06-11 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=19748ad4-5585-4a76-ba5e-a26c1048dedc.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Mar - MIDHANI to attend Goldman Sachs-organized investor/analyst group meeting March 12, 2026 in Hyderabad; no UPSI discussed. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Mar - MIDHANI to attend Goldman Sachs-organized investor/analyst group meeting March 12, 2026 in Hyderabad; no UPSI discussed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c02d3567-1ea1-4b63-9cff-608f0c649bc1.pdf) |
| 5 Mar - Board meeting 13 Mar 2026 to consider interim dividend; trading window closed 6–15 Mar 2026. | [Board Meeting Intimation for Board Meeting Scheduled On March 13, 2026. 5 Mar - Board meeting 13 Mar 2026 to consider interim dividend; trading window closed 6–15 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19489de5-4964-4f6b-96c9-9c2e54fb3a0f.pdf) |
| 31 Mar - Provisional FY26 sales ₹1,206 Cr (+12%); exports ₹85 Cr; certifications; Ti production +40%. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 31 Mar - Provisional FY26 sales ₹1,206 Cr (+12%); exports ₹85 Cr; certifications; Ti production +40%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8a5a9fa6-a3be-4dee-8633-2853e7aa52bd.pdf) |
| 21 Feb - Earnings call transcript: Q3 FY26 turnover ₹275.66cr, PAT ₹27.46cr, order book ~₹2,594cr. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 21 Feb - Earnings call transcript: Q3 FY26 turnover ₹275.66cr, PAT ₹27.46cr, order book ~₹2,594cr.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/da00195c-e13e-4d74-9c98-8919787b1472.pdf) |
| 18 Apr - Tenure of independent directors V.T. Rema, Ajay Kumar Chauhan and Aruna Sarap ended on April 17, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 18 Apr - Tenure of independent directors V.T. Rema, Ajay Kumar Chauhan and Aruna Sarap ended on April 17, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b7d3c14-d899-414e-83c0-bf38b9afc389.pdf) |
| 18 Apr - Certificate under regulation 74(5) of the SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 18 Apr - Certificate under regulation 74(5) of the SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8e979e6-827b-40aa-a965-bcae7fae9127.pdf) |
| 17 Mar - MIDHANI awarded NADCAP accreditation for Heat Treatment facility, strengthening aerospace and defence metallurgical processing capabilities (17 March 2026). | [Press Release 17 Mar - MIDHANI awarded NADCAP accreditation for Heat Treatment facility, strengthening aerospace and defence metallurgical processing capabilities (17 March 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dabe467e-9524-4066-a2b8-fb2008935624.pdf) |
| 17 Feb - Q3 FY26 analysts/investors conference call held Feb 17, 2026; audio recording posted on company website. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 17 Feb - Q3 FY26 analysts/investors conference call held Feb 17, 2026; audio recording posted on company website.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1ea72368-5684-4e39-8686-e42502868c26.pdf) |
| 13 Mar - MIDHANI declares Rs0.85 interim dividend per Rs10 share; record date March 19, 2026. | [Board Meeting Outcome for Declaration Of Interim Dividend For FY 2025-26. 13 Mar - MIDHANI declares Rs0.85 interim dividend per Rs10 share; record date March 19, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5fb7549c-a12b-46c7-9b08-b7ae152f95c1.pdf) |
| 13 Mar - Interim dividend Rs.0.85/share (8.5%) for FY2025-26; record date 19 Mar 2026. | [Fixation Of Record Date For The Interim Dividend Of FY 2025-26. 13 Mar - Interim dividend Rs.0.85/share (8.5%) for FY2025-26; record date 19 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f6571f8e-c405-4464-920b-e061481712dc.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a5d84e01-0b24-46f3-b1a3-ec6c98ba3279.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/799bcff8-3d30-4e07-bd2b-c2f8663a6d45.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/77be8228-29e3-4d62-bb4e-caf21a6d53e9.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/541195/76416541195.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/541195/71520541195.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/541195/65922541195.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/541195/5411950319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/541195/5411950418.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2017/MISHRA_DHATU_NIGAM_LTD-541195-APRIL-2017.PDF) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2016/MISHRA_DHATU_NIGAM_LTD-541195-APRIL-2016.PDF) |

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