Mishra Dhatu Nigam Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Lakshit Sharma
- Category: Market
Mishra Dhatu Nigam share price Rs 440.50 (9 October 2026). Base target Rs 530, bull Rs 636, downside risk Rs 354. PE 61.44. 52W range Rs 266.65 to Rs 482.40.
Quick Answer
The Mishra Dhatu Nigam share price target for 2027 is Rs 530, about 20.3% above the current price of Rs 440.50. The bull case is Rs 636, and the downside risk level, which is not a target, is Rs 354. The base case assumes earnings per share grow 19.7% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 61.44. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Mishra Dhatu Nigam target price for 2027 should start with where the stock sits today. At Rs 440.50 on 9 October 2026, it is 8.7% below its 52-week high of Rs 482.40 and 65.2% above its 52-week low of Rs 266.65. That range spans 81% from low to high, so the entry point matters as much as the Mishra Dhatu Nigam price forecast itself.
This article builds the Mishra Dhatu Nigam share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 530 base case and the Rs 636 bull case were reached, along with a downside risk level of Rs 354.
Click Here – Get Free Investment Predictions
Mishra Dhatu Nigam Stock Analysis: Company Overview and Key Stats
Mishra Dhatu Nigam (NSE: MIDHANI) has a market capitalisation of Rs 8,287 crore. In FY26 it reported revenue of Rs 1,247 crore and net profit of Rs 131.47 crore. The table collects the figures the Mishra Dhatu Nigam share price target is built on.
| Metric | Value |
|---|---|
| Company | Mishra Dhatu Nigam |
| NSE Ticker | MIDHANI |
| CMP (9 October 2026) | Rs 440.50 |
| 52-Week High | Rs 482.40 |
| 52-Week Low | Rs 266.65 |
| Market Cap | Rs 8,287 crore |
| PE Ratio (TTM) | 61.44 |
| Industry PE | 48.37 |
| Price to Book | 5.41 |
| Return on Equity | 8.58% |
| Debt to Equity | 0.27 |
| EPS (TTM) | Rs 7.20 |
| Dividend Yield | 0.47% |
| 12-Month Base Target | Rs 530 |
| Bull Case | Rs 636 |
| Downside Risk Level (not a target) | Rs 354 |
Why Is Mishra Dhatu Nigam Share Price Target Set at Rs 530 for 2027?
The base-case Mishra Dhatu Nigam stock target of Rs 530 applies a PE multiple of 61.44 to a forward EPS estimate of Rs 8.62. That EPS assumes 19.7% yearly growth, the pace from FY24 to FY26, and puts the target 20.3% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Mishra Dhatu Nigam Target Price: Five Years of Results
Mishra Dhatu Nigam grew revenue from Rs 890.80 crore in FY22 to Rs 1,247 crore in FY26, a compound annual growth rate of 8.8%. Net profit grew more slowly, from Rs 176.62 crore to Rs 131.47 crore (-7.1% a year), which points to margin pressure alongside the sales growth.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 890.80 | 176.62 | 9.43 | 3.10 |
| FY23 | 909.72 | 156.26 | 8.34 | 3.35 |
| FY24 | 1,102.61 | 91.78 | 4.90 | 1.41 |
| FY25 | 1,105.02 | 110.84 | 5.92 | 1.50 |
| FY26 | 1,246.63 | 131.47 | 7.02 | 2.10 |
FY26 revenue growth was 12.8%, faster than the four-year average of 8.8%, and net profit moved up 18.6%. EPS rose from Rs 4.90 in FY24 to Rs 7.02 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Mishra Dhatu Nigam converted 10.5% of FY26 revenue into net profit, against 10.0% in FY25, within a five-year range of 8.3% to 19.8%. EBITDA margin was 22.2% in FY26 versus 22.6% in FY25.
In the June 2026 quarter, revenue was Rs 249.47 crore, up 40.5% from the same quarter a year earlier, while net profit of Rs 16.47 crore was up 27.0%. EBITDA came in at Rs 46.59 crore, up 12.8% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.27, and shareholders’ equity grew from Rs 1,190 crore in FY22 to Rs 1,532 crore in FY26. Operating cash flow in FY26 was Rs 154.67 crore against capital expenditure of Rs 49.34 crore, leaving free cash flow of Rs 105.33 crore, or 1.3% of the current market capitalisation. In FY25 free cash flow was Rs 149.27 crore.
Valuation Check for the Mishra Dhatu Nigam Stock Target: PE, Price to Book and ROE
At a PE of 61.44 against an industry PE of 48.37, Mishra Dhatu Nigam trades at a premium to its industry. Price to book is 5.41 on a book value of Rs 81.78 per share, and return on equity is 8.58%. A PE of 61.44 equals an earnings yield of 1.6%, and the FY26 dividend of Rs 2.10 per share gives a yield of 0.47%.
Shareholding Pattern and Institutional Holding
Promoters held 74.00% of Mishra Dhatu Nigam in June 2026, and promoter holding has stayed near 74.00% since June 2025. Foreign institutional investors (FII) held 2.56% and domestic institutions (DII) held 7.37%, which puts total institutional holding at 9.93%. FII holding rose from 1.34% in June 2025 to 2.56% in June 2026. Public shareholders own the remaining 16.06%.
Mishra Dhatu Nigam Share Price Targets for the Short Term and 12 Months
Short Term Mishra Dhatu Nigam Stock Target Levels: Technical Setup
At Rs 440.50 on 9 October 2026, Mishra Dhatu Nigam trades above its 50-day simple moving average of Rs 424.94 and above its 200-day exponential moving average of Rs 398.92. The 14-day RSI reads 61.4, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 482.40 (52-week high) and the nearest support is Rs 424.94 (50-day simple moving average). A sustained move above Rs 482.40 would improve the short-term setup, while a close below Rs 424.94 would shift attention to the next support.
12 Month Mishra Dhatu Nigam Target Price for 2027
The 12-month target for Mishra Dhatu Nigam is Rs 530: forward EPS of Rs 8.62 at a PE of 61.44. That is 20.3% above Rs 440.50. It would also push the stock above its 52-week high of Rs 482.40.
How EPS Growth and PE Multiple Change the Mishra Dhatu Nigam Target Price
| EPS Growth | PE 49.15 | PE 61.44 | PE 70.66 |
|---|---|---|---|
| 0.0% (EPS Rs 7.20) | Rs 354 | Rs 442 | Rs 509 |
| 19.7% (EPS Rs 8.62) | Rs 424 | Rs 530 | Rs 609 |
| 25.0% (EPS Rs 9.00) | Rs 442 | Rs 553 | Rs 636 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Mishra Dhatu Nigam price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Mishra Dhatu Nigam Stock Target in 2027
Bull Case Rs 636
The bull case Mishra Dhatu Nigam price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 9.00, and a PE multiple that rises 15% to 70.66. That gives Rs 636, 44.4% above the current price and above the 52-week high of Rs 482.40, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 354
The downside risk level is not a target. It assumes EPS stays flat at Rs 7.20 and the PE falls 20% to 49.15. That gives Rs 354, 19.6% below the current price and above the 52-week low of Rs 266.65.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 70.66 | Rs 636 | +44.4% |
| Base Case | 19.7% | 61.44 | Rs 530 | +20.3% |
| Downside Risk | 0.0% | 49.15 | Rs 354 | -19.6% |
Key Risks to the Mishra Dhatu Nigam Target Price for 2027
Growth Slowdown Risk for the Mishra Dhatu Nigam Price Target
Revenue in the June 2026 quarter was up 40.5% year on year, and FY26 revenue growth was 12.8%. If growth slows from here, the EPS estimate behind the Mishra Dhatu Nigam stock target will need revising.
Liquidity and Size Risk
Mishra Dhatu Nigam has a market capitalisation of Rs 8,287 crore. Institutional holding is 9.93%, and promoters hold 74.00%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.
Valuation and Margin Risk
Net margin was 10.5% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 61.44 versus an industry PE of 48.37, a de-rating toward the downside-risk PE of 49.15 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 8.7% below its 52-week high, with an RSI of 61.4 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Mishra Dhatu Nigam
Start with the live price and volume. Any Mishra Dhatu Nigam share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 440.50 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Mishra Dhatu Nigam’s PE, ROE, debt and shareholding in one place.
Check Mishra Dhatu Nigam fundamentals on the Univest Screener
Then compare the three Mishra Dhatu Nigam target price scenarios with your own view. If you expect EPS growth below 19.7%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Mishra Dhatu Nigam live price and get daily stock recommendations.
Conclusion
The Mishra Dhatu Nigam share price target for 2027 is Rs 530 in the base case, with Rs 636 as the bull case. The support for that view is arithmetic you can check: EPS grew 19.7% a year over FY24 to FY26, and the stock trades at a PE of 61.44. The risks are equally concrete, including a stock that sits 8.7% below its 52-week high and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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 Share Price Target 2027
What is the Mishra Dhatu Nigam share price target for 2027?
Ans. The base-case Mishra Dhatu Nigam share price target for 2027 is Rs 530, with Rs 636 as the bull case. The downside risk level, which is not a target, is Rs 354. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Mishra Dhatu Nigam share price today?
Ans. As of 9 October 2026, 3:30 PM IST, Mishra Dhatu Nigam trades at Rs 440.50, down 0.46% on the day. The 52-week range is Rs 266.65 to Rs 482.40.
Is Mishra Dhatu Nigam a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 19.7% a year over FY24 to FY26, but the stock is 8.7% below its 52-week high. Whether Mishra Dhatu Nigam fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Mishra Dhatu Nigam shares?
Ans. The bull case target is Rs 636, which assumes 25.0% EPS growth and a PE of 70.66. The downside risk level is Rs 354, which assumes flat EPS and a PE of 49.15. It marks a risk, not a target.
What are the main risks to the Mishra Dhatu Nigam price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 8,287 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Mishra Dhatu Nigam and how does it compare with the industry?
Ans. The PE ratio of Mishra Dhatu Nigam is 61.44 against an industry PE of 48.37. Price to book is 5.41 and return on equity is 8.58%. The base case in the Mishra Dhatu Nigam price target holds this PE constant.
Who owns Mishra Dhatu Nigam, and what is the promoter holding?
Ans. Promoters held 74.00% of Mishra Dhatu Nigam in June 2026. FII held 2.56%, DII held 7.37% and the public held 16.06%.
What were Mishra Dhatu Nigam’s latest quarterly results?
Ans. In the June 2026 quarter, Mishra Dhatu Nigam reported revenue of Rs 249.47 crore (up 40.5% year on year) and net profit of Rs 16.47 crore (up 27.0%).