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Mishra Dhatu Nigam Ltd logo

Mishra Dhatu Nigam Ltd

NSE: MIDHANI BSE: 541195

â‚ą420.65

(1.01%)

Fri, 05 Jun 2026, 06:50 am

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Mishra Dhatu Nigam Analysis

dividend

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Pros

  • Dividends paid are thoroughly covered by earnings (7.1x coverage).
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Cons

  • Mishra Dhatu Nigam has only been paying a dividend for 2 years, and since then dividends per share have fallen.
  • Mishra Dhatu Nigam has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Mishra Dhatu Nigam's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Mishra Dhatu Nigam's dividend is below the markets top 25% of dividend payers in India (3.08%).

future

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Pros

  • Mishra Dhatu Nigam's earnings growth is expected to exceed the low risk savings rate of 7.2%.
  • Performance (ROE) is expected to be above the current IN Metals and Mining industry average.
  • Mishra Dhatu Nigam's revenue growth is expected to exceed the India market average.
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Cons

  • Cash flow for Mishra Dhatu Nigam is expected to decrease over the next 2 years.
  • Mishra Dhatu Nigam's earnings are expected to grow by 12.6% yearly, however this is not considered high growth (20% yearly).
  • Mishra Dhatu Nigam's earnings growth is positive but not above the India market average.
  • Mishra Dhatu Nigam's earnings are expected to decrease over the next year.
  • Mishra Dhatu Nigam's net income is expected to increase but not above the 50% threshold in 2 years time.
  • Mishra Dhatu Nigam is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
  • A decline in Mishra Dhatu Nigam's performance (ROE) is expected over the next 3 years.
  • Mishra Dhatu Nigam's revenue is expected to increase but not above the 50% threshold in 2 years time.
  • Mishra Dhatu Nigam's revenue is expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).

health

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Pros

  • Mishra Dhatu Nigam is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mishra Dhatu Nigam is profitable, therefore cash runway is not a concern.
  • Mishra Dhatu Nigam is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (684.3%, greater than 20% of total debt).
  • Debt is covered by short term assets, assets are 23.4x debt.
  • Mishra Dhatu Nigam's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (11.3% vs 6.9% today).
  • Mishra Dhatu Nigam earns more interest than it pays, coverage of interest payments is not a concern.
  • Mishra Dhatu Nigam's level of debt (6.9%) compared to net worth is satisfactory (less than 40%).
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Cons

  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the Mishra Dhatu Nigam board of directors is about average.
  • Dinesh's remuneration is lower than average for companies of similar size in India.
  • Dinesh's compensation has been consistent with company performance over the past year, both up more than 20%.
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Cons

    misc

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    Pros

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      Cons

      • Mishra Dhatu Nigam is covered by less than 3 analysts.
      • Mishra Dhatu Nigam has significant price volatility in the past 3 months.

      past

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      Pros

      • Mishra Dhatu Nigam's 1-year earnings growth exceeds its 5-year average (56.3% vs 9.3%)
      • Mishra Dhatu Nigam's year on year earnings growth rate has been positive over the past 5 years.
      • Mishra Dhatu Nigam used its assets more efficiently than the IN Metals and Mining industry average last year based on Return on Assets.
      • Mishra Dhatu Nigam has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
      • Mishra Dhatu Nigam's earnings growth has exceeded the IN Metals and Mining industry average in the past year (56.3% vs -4.8%).
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      Cons

      • Mishra Dhatu Nigam's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).

      value

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      Pros

      • MIDHANI outperformed the Metals and Mining industry which returned -28.6% over the past year.
      • MIDHANI outperformed the Market in India which returned -14.5% over the past year.
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      Cons

      • Mishra Dhatu Nigam's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
      • Mishra Dhatu Nigam's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
      • Mishra Dhatu Nigam is overvalued based on assets compared to the IN Metals and Mining industry average.
      • Mishra Dhatu Nigam is poor value based on expected growth next year.
      • Mishra Dhatu Nigam is overvalued based on earnings compared to the IN Metals and Mining industry average.
      • Mishra Dhatu Nigam is overvalued based on earnings compared to the India market.
      • NSEI:MIDHANI is down -5.1% underperforming the Metals and Mining industry which returned 7.5% over the past month.
      • NSEI:MIDHANI is down -5.1% underperforming the market in India which returned 8% over the past month.