Mishra Dhatu Nigam (MIDHANI) vs Kalyani Steels vs Sarda Energy and Minerals: Which Stock Should You Track
- September 24, 2026
- Posted by: Neeraj Pandey
- Category: Market
Mishra Dhatu Nigam (MIDHANI) PE 57.81, mkt cap Rs 7,797 crore. Kalyani Steels PE 16.45, mkt cap Rs 4,349 crore. Sarda Energy and Minerals PE 15.49, mkt cap Rs 17,829 crore.
Quick Answer
Mishra Dhatu Nigam (MIDHANI) vs Kalyani Steels vs Sarda Energy and Minerals is a side-by-side comparison of three companies from the Specialty Steel and Ferro Alloys (Third Fresh Set) space. On this comparison, Mishra Dhatu Nigam (MIDHANI) carries a market capitalisation of about Rs 7,797 crore against Rs 4,349 crore for Kalyani Steels and Rs 17,829 crore for Sarda Energy and Minerals, with return on equity of 8.58%, 12.25% and 15.00% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Mishra Dhatu Nigam (MIDHANI) vs Kalyani Steels vs Sarda Energy and Minerals starts with the core numbers most investors compare within the Specialty Steel and Ferro Alloys (Third Fresh Set) segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Specialty Steel and Ferro Alloys (Third Fresh Set) bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
Click Here – Get Free Investment Predictions
Mishra Dhatu Nigam (MIDHANI), Kalyani Steels and Sarda Energy and Minerals: Company Overview
Mishra Dhatu Nigam (MIDHANI) is a listed Indian company in the Specialty Steel and Ferro Alloys (Third Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Kalyani Steels is a listed Indian company in the Specialty Steel and Ferro Alloys (Third Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Sarda Energy and Minerals is a listed Indian company in the Specialty Steel and Ferro Alloys (Third Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Mishra Dhatu Nigam (MIDHANI) vs Kalyani Steels vs Sarda Energy and Minerals: Valuation and Profitability Snapshot
| Metric | Mishra Dhatu Nigam (MIDHANI) | Kalyani Steels | Sarda Energy and Minerals |
|---|---|---|---|
| Market Cap (approx.) | Rs 7,797 crore | Rs 4,349 crore | Rs 17,829 crore |
| PE Ratio (TTM) | 57.81 | 16.45 | 15.49 |
| PB Ratio | 5.09 | 2.07 | 2.42 |
| Return on Equity (ROE) | 8.58% | 12.25% | 15.00% |
| EPS (TTM, Rs) | 7.20 | 60.57 | 32.66 |
| Dividend Yield | 0.30% | 1.01% | 0.40% |
| Debt to Equity | 0.27 | 0.23 | 0.36 |
| Book Value per Share (Rs) | 81.78 | 482.18 | 209.15 |
Check the Univest Screener for Live Data
On valuation, Mishra Dhatu Nigam (MIDHANI) trades at a PE of 57.81 and a PB of 5.09, Kalyani Steels at a PE of 16.45 and a PB of 2.07, while Sarda Energy and Minerals trades at a PE of 15.49 and a PB of 2.42. On return on equity, the three post 8.58%, 12.25% and 15.00% respectively, and on dividend yield they stand at 0.30%, 1.01% and 0.40%.
Mishra Dhatu Nigam (MIDHANI) vs Kalyani Steels vs Sarda Energy and Minerals: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Mishra Dhatu Nigam (MIDHANI) | Rs 249.47 crore | Rs 16.47 crore | +40.5% | -56.0% |
| Kalyani Steels | Rs 480.38 crore | Rs 68.25 crore | +4.9% | -3.8% |
| Sarda Energy and Minerals | Rs 1,716.53 crore | Rs 462.81 crore | +0.2% | +36.4% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
Download the Univest iOS App or Univest Android App to track Mishra Dhatu Nigam (MIDHANI), Kalyani Steels and Sarda Energy and Minerals live prices.
What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three specialty steel and ferro alloys (third fresh set) names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Mishra Dhatu Nigam (MIDHANI) vs Kalyani Steels vs Sarda Energy and Minerals highlights how differently three companies in the same specialty steel and ferro alloys (third fresh set) segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Mishra Dhatu Nigam (MIDHANI) vs Kalyani Steels vs Sarda Energy and Minerals
What is the market cap difference between Mishra Dhatu Nigam (MIDHANI), Kalyani Steels and Sarda Energy and Minerals?
Ans. As of September 2026, Mishra Dhatu Nigam (MIDHANI) has a market cap of approximately Rs 7,797 crore, Kalyani Steels is at approximately Rs 4,349 crore, and Sarda Energy and Minerals is at approximately Rs 17,829 crore.
Which of the three has the highest PE ratio?
Ans. Among Mishra Dhatu Nigam (MIDHANI), Kalyani Steels and Sarda Energy and Minerals, the PE ratios stand at 57.81, 16.45 and 15.49 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Mishra Dhatu Nigam (MIDHANI), Kalyani Steels and Sarda Energy and Minerals post ROE of 8.58%, 12.25% and 15.00% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Mishra Dhatu Nigam (MIDHANI), Kalyani Steels and Sarda Energy and Minerals carry dividend yields of 0.30%, 1.01% and 0.40% respectively.
What is the debt to equity ratio for Mishra Dhatu Nigam (MIDHANI), Kalyani Steels and Sarda Energy and Minerals?
Ans. Mishra Dhatu Nigam (MIDHANI) carries a debt to equity of 0.27, Kalyani Steels of 0.23, and Sarda Energy and Minerals of 0.36.
Which of the three trades at the highest price to book value?
Ans. Mishra Dhatu Nigam (MIDHANI), Kalyani Steels and Sarda Energy and Minerals trade at price to book ratios of 5.09, 2.07 and 2.42 respectively.
Is one of Mishra Dhatu Nigam (MIDHANI), Kalyani Steels or Sarda Energy and Minerals better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
