Mishra Dhatu Nigam: 7 Stock Signals Investors Are Watching Right Now
- September 28, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Mishra Dhatu Nigam CMP Rs 404.80. 52W range Rs 266.65-482.40. Mcap Rs 7,584 crore. PE 56.22 vs sub-industry 48.67.
Quick Answer
Mishra Dhatu Nigam stock signals right now weigh full-year FY26 profit growth of 18.6%, June-quarter profit growth of 27.0% year on year and June-quarter revenue growth of 40.5% year on year, with no single red flag standing out on the numbers. Promoters hold 74.00%, institutions hold 9.93%, debt to equity is 0.27, and the stock trades at a P/E of 56.22 against a sub-industry average of 48.67. None of the seven signals here amounts to a buy or sell call on its own.
Mishra Dhatu Nigam stock signals are layered right now, with the company trading at Rs 404.80, 16.1% below its 52-week high of Rs 482.40 and 51.8% above its 52-week low of Rs 266.65. Mishra Dhatu Nigam operates in specialty metals and alloys for defence and aerospace, and no single headline captures where the stock stands today.
This article does not make a buy, hold or sell call on Mishra Dhatu Nigam. It lays out seven signals investors commonly watch, drawn from the company’s latest reported financials and exchange shareholding filings, so readers can form their own view of what is working for the stock and what still needs watching.
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Mishra Dhatu Nigam Stock at a Glance
Before going through each of the seven Mishra Dhatu Nigam stock signals in detail, the snapshot below sets the starting point on price, valuation and balance sheet strength.
| Metric | Value |
|---|---|
| Mishra Dhatu Nigam CMP | Rs 404.80 (NSE, 28 Sep 2026) |
| 52-Week High | Rs 482.40 (September 2026) |
| 52-Week Low | Rs 266.65 (March 2026) |
| Market Capitalisation | Rs 7,584 crore |
| P/E Ratio | 56.22 (Sub-industry P/E 48.67) |
| P/B Ratio | 4.95 |
| Debt to Equity | 0.27 |
| Return on Equity | 8.58% |
1. Earnings Trend at Mishra Dhatu Nigam
Mishra Dhatu Nigam reported revenue of Rs 1,220 crore in FY26 (the year ended March 2026), which rose 10.4% from Rs 1,105 crore in FY25. On the profit line, net profit rose 18.6% to Rs 131 crore from Rs 111 crore over the same period, moving the full-year net margin to 10.8% from 10.0%.
In the June 2026 quarter, revenue came in at Rs 249 crore, up 40.5% year on year and down 56.0% from the March 2026 quarter. For profit, the quarter delivered Rs 16 crore, against Rs 13 crore a year earlier and Rs 78 crore in the previous quarter. Revenue figures in this section are total income as reported to the exchanges, which includes other income.
The March 2026 quarter looks like an outlier but reflects a delivery-heavy year-end. Profit was Rs 77.9 crore against Rs 13 crore to Rs 28 crore in the other quarters of FY26, on record quarterly sales of about Rs 531 crore, up about 31%, with the operating margin at about 22%. The company’s March quarter has been its largest in earlier years too, for example Rs 56.2 crore of a Rs 110.8 crore full-year profit in FY25. Full-year FY26 profit rose about 18.6% to about Rs 131 crore, and the June 2026 quarter, at about Rs 16 crore, is again a smaller delivery quarter, so a single quarter should not be annualised. Read the Mishra Dhatu Nigam stock signals across a full year of deliveries, not one quarter.
This is the first of the seven Mishra Dhatu Nigam stock signals worth tracking closely into the next results.
2. FII Holding in Mishra Dhatu Nigam
Institutional investors, meaning FIIs and DIIs together, held 9.93% of Mishra Dhatu Nigam at June 2026, up 0.80 percentage points from 9.13% in March 2026. Against June 2025, when the figure was 10.31%, the institutional stake is down 0.38 percentage points, and the series has moved in both directions over the period.
FII-only and DII-only splits differ between data providers, so this article uses the combined institutional category from the exchange shareholding filing to keep the series consistent. A rising institutional share generally signals growing professional interest, while a falling one is worth reading alongside the price trend in Signal 6.
3. Promoter Holding in Mishra Dhatu Nigam
Promoters held 74.00% of Mishra Dhatu Nigam at June 2026, essentially flat against 74.00% in March 2026 and essentially flat against 74.00% in June 2025.
As a defence public sector company, the promoter holding sits with the government and has been steady at 74%.
Promoter holding is worth revisiting once the next quarterly shareholding disclosure is filed, to see whether the level and direction of change persists.
4. Debt Position at Mishra Dhatu Nigam
Mishra Dhatu Nigam carries a debt to equity ratio of 0.27, which is conservative for a company in the specialty metals and alloys for defence and aerospace space. That leaves a comfortable cushion, though capital-intensive expansion plans can lift borrowing from here. Return on equity stands at 8.58%.
Read this debt signal alongside the earnings trend and the corporate developments below, since capital raising and capacity plans can change the picture from one quarter to the next.
5. Valuation of Mishra Dhatu Nigam Shares
Mishra Dhatu Nigam trades at a price to earnings ratio of 56.22, a premium of about 16% to its sub-industry average of 48.67. The price to book ratio is 4.95. Across the 20 metals and mining names covered in this series, the median P/E is 20.1 and the median return on equity is 13.9%, so Mishra Dhatu Nigam sits above the group median on P/E with a return on equity of 8.58%.
Whether that premium looks justified depends on the earnings trend from Signal 1 continuing. Valuation is also where the seven signals can pull in different directions at once, since a low multiple can reflect cyclical peak earnings and a high one can reflect earnings that are still ramping up.
6. Technical Trend on the Mishra Dhatu Nigam Chart
The stock last traded around Rs 404.80, below its 20-day average of about Rs 422.50, pointing to near-term weakness. The 14-day RSI reads close to 46, in neutral territory. The MACD line sits below its signal line, a bearish momentum bias.
Over the past year the stock is 16.1% below its 52-week high of Rs 482.40 (reached in September 2026) and 51.8% above its 52-week low of Rs 266.65 (in March 2026). A sustained move back above its recent average would be an early technical sign of stabilisation, while a break below the recent low would argue for caution.
7. Corporate Developments at Mishra Dhatu Nigam
MIDHANI’s order book stood at about Rs 2,290 crore on 1 April 2026, which gives it visibility on revenue for the coming years, and the board recommended a final dividend of Rs 1.25 per share for FY26. It received a Rs 122 crore order in December 2025. Revenue in the June 2026 quarter was about Rs 239 crore, up roughly 40% year on year, though profit for that quarter was only about Rs 16 crore.
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What These Mishra Dhatu Nigam Stock Signals Mean Together
Taken together, the encouraging points for Mishra Dhatu Nigam are full-year FY26 profit growth of 18.6%, June-quarter profit growth of 27.0% year on year and June-quarter revenue growth of 40.5% year on year. No single point stands out as a clear red flag on these numbers, though each new quarterly result should be checked against the trend.
Reading these Mishra Dhatu Nigam stock signals as a set, rather than picking any one, is the more balanced approach. Watch the next quarterly result for the direction of margins and profit, and the next shareholding update for any shift in institutional or promoter positioning. Price movements can be volatile and past trends do not guarantee future performance.
How the Specialty metals and alloys for defence and aerospace Backdrop Fits In
Mishra Dhatu Nigam, or MIDHANI, is a defence public sector company that makes titanium, super alloys and special steels for defence, aerospace, space and nuclear programmes. Its deliveries follow order schedules, which is why profit is lumpy quarter to quarter and why its year-end quarter tends to be its biggest.
Also Read: HDFC Bank: 7 Stock Signals Investors Are Watching Right Now
Conclusion
Mishra Dhatu Nigam pairs full-year FY26 profit growth of 18.6%, June-quarter profit growth of 27.0% year on year and June-quarter revenue growth of 40.5% year on year with few visible red flags, which is exactly the balance the seven signals above are meant to surface. This article does not recommend buying, holding or selling Mishra Dhatu Nigam shares, and readers should form their own view based on their own research and risk appetite.
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Disclaimer: Data and figures in this article are sourced from publicly available information and the company’s exchange filings. 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 Stock Signals
Why is Mishra Dhatu Nigam share price where it is right now?
Ans. Mishra Dhatu Nigam shares trade 16.1% below their 52-week high of Rs 482.40 and 51.8% above their 52-week low of Rs 266.65, shaped by the earnings trend, shareholding shifts and technical setup covered in this article rather than any single factor.
What is Mishra Dhatu Nigam’s current FII holding?
Ans. Institutional investors (FIIs and DIIs combined) held 9.93% of Mishra Dhatu Nigam at the latest quarter, up 0.80 percentage points from the previous quarter and down 0.38 percentage points over the year shown.
Is Mishra Dhatu Nigam’s debt position a concern right now?
Ans. The debt to equity ratio stands at 0.27, which is conservative for a company in this space.
What is the promoter holding in Mishra Dhatu Nigam?
Ans. Promoters held 74.00% at the latest quarter, unchanged from the previous quarter.
Is Mishra Dhatu Nigam expensive compared to its sector?
Ans. Mishra Dhatu Nigam trades at a price to earnings ratio of 56.22 against a sub-industry average of 48.67, a premium of about 16%.
What recent corporate developments are relevant to Mishra Dhatu Nigam?
Ans. MIDHANI’s order book stood at about Rs 2,290 crore on 1 April 2026, which gives it visibility on revenue for the coming years, and the board recommended a final dividend of Rs 1.25 per share for FY26. It received a Rs 122 crore order in December 2025. Revenue in the June 2026 quarter was about Rs 239 crore, up roughly 40% year on year, though profit for that quarter was only about Rs 16 crore.
What do the technical charts suggest about Mishra Dhatu Nigam right now?
Ans. The stock trades below its 20-day average, with the RSI in neutral territory and the MACD below its signal line.
Should investors buy Mishra Dhatu Nigam shares at current levels?
Ans. This article does not offer a buy, hold or sell recommendation. It lays out seven Mishra Dhatu Nigam stock signals, earnings, FII holding, promoter holding, debt, valuation, technicals and corporate developments, so investors can weigh each signal and form their own view based on their goals and risk appetite.
