Midhani (Mishra Dhatu Nigam) Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook
Fri Apr 24 2026
Midhani (Mishra Dhatu Nigam) (MIDHANI) Q4 results for FY26 are expected in May 2026. With Q3 FY26 revenue of Rs 412 Cr and PAT of Rs 68 Cr as the base, the street is watching closely for margin trajectory and management guidance on FY27 demand.
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Midhani (Mishra Dhatu Nigam) Q4 FY26 Earnings Preview — What to Expect
India’s defence sector is witnessing significant order activity backed by rising domestic procurement mandates, indigenisation push and growing defence exports, making Q4 FY26 a strong quarter for listed defence manufacturers.
Midhani (Mishra Dhatu Nigam) Q4 Results 2026 — Date and Key Estimates
| Parameter | Q3 FY26 Actual | Q4 FY26 Estimate | YoY Growth |
|---|---|---|---|
| Revenue (Rs Cr) | 412 | 448 | +9% |
| PAT (Rs Cr) | 68 | 78 | +15% |
| EBITDA Margin | — | 17.4% | Improvement expected |
| Results Date | — | May 2026 | — |
| Dividend History | Rs 3.00 per share | ||
| Dividend Expectation | Rs 4.00 final dividend expected | ||
Estimates based on analyst consensus as of April 2026. Actual results may vary. Verify before investing.
Track Midhani (Mishra Dhatu Nigam) live price, FII/DII activity and fundamentals on Univest Screener
5 Reasons Midhani (Mishra Dhatu Nigam) Q4 Results Could Beat Estimates
Strong Domestic Order Pipeline
India’s rising defence capex budget and Make in India policy are creating robust order opportunities for domestic manufacturers across land, sea and air segments.
Defence Export Growth
India’s defence exports have grown significantly in recent years, with government diplomatic support and competitive products creating reliable international revenue streams.
Indigenisation Mandates
Positive indigenisation lists and offset obligations under DAP 2020 are creating captive demand for domestic defence manufacturers and reducing import dependence.
Armed Forces Modernisation
Comprehensive modernisation programmes across the Indian Army, Navy and Air Force are sustaining long-term, multi-year defence procurement demand for domestic industry.
Naval Expansion Programme
India’s expanding naval shipbuilding programme and maritime security requirements are driving substantial orders for warships, submarines and naval equipment from domestic yards.
5 Key Risks to Watch in Midhani (Mishra Dhatu Nigam) Q4 Results
Execution and Delivery Delays
Complex technical requirements, supply chain dependencies and government approvals often delay execution timelines and push revenue recognition to future quarters.
Defence Budget Variability
Capex allocations within the defence budget can shift to revenue expenditure in any given year, delaying order conversion and contract finalisation.
Technology and IP Risk
Sophisticated platforms may require proprietary technology or international technology transfer, creating IP challenges and potential cost overruns.
Global OEM Competition
For high-end platforms, government-to-government defence deals with global OEMs create competitive pressure on domestic manufacturers’ win rates.
Long Gestation and Working Capital Pressure
Very long project development and delivery periods create working capital stress and delayed revenue recognition for defence manufacturers.
Analyst Ratings and Target Price for Midhani (Mishra Dhatu Nigam)
| Brokerage | Rating | Key Thesis |
|---|---|---|
| YES Securities | Buy | Order book momentum and indigenisation dividend |
| JM Financial | Buy | Export growth and domestic defence super-cycle |
| ICICI Direct | Outperform | Defence capex trajectory highly favourable |
Analyst ratings are for informational purposes only and subject to change. Not investment advice.
Q4 Results 2026 Calendar — Key Dates to Track
| Company | Expected Results Date |
|---|---|
| Midhani (Mishra Dhatu Nigam) | May 2026 |
| TCS | April 2026 |
| Infosys | April 2026 |
Stay updated on all Q4 FY26 earnings at Univest Blogs. For TCS results see TCS Q4 Results 2026 and for Infosys see Infosys Q4 Results 2026.
How to Invest in Midhani (Mishra Dhatu Nigam) Based on Q4 Results
Before investing in Midhani (Mishra Dhatu Nigam) based on Q4 results, consider the following approach: review the actual revenue and PAT versus analyst estimates, listen to the management earnings call for FY27 guidance, assess whether the EBITDA margin trajectory is improving or deteriorating, and check FII/DII activity patterns post-results. A beat on estimates with positive guidance is typically a bullish signal; a miss with downgraded guidance may indicate further correction risk.
Frequently Asked Questions — Midhani (Mishra Dhatu Nigam) Q4 Results 2026
Q: When will Midhani (Mishra Dhatu Nigam) announce Q4 FY26 results?
Midhani (Mishra Dhatu Nigam) (MIDHANI) is expected to announce Q4 FY26 results in May 2026. The exact board meeting date will be communicated via BSE/NSE exchange filing. Track the date on Univest Screener.
Q: What is the revenue estimate for Midhani (Mishra Dhatu Nigam) Q4 FY26?
Analyst consensus estimates Midhani (Mishra Dhatu Nigam) Q4 FY26 revenue at approximately Rs 448 Cr, representing approximately 9% year-on-year growth. The actual number will depend on sector demand trends and execution in the quarter.
Q: What PAT is expected for Midhani (Mishra Dhatu Nigam) in Q4 FY26?
Estimated PAT for Midhani (Mishra Dhatu Nigam) Q4 FY26 is approximately Rs 78 Cr, up approximately 15% year-on-year. Margin expansion from operating leverage and input cost moderation are the primary drivers of profit growth expectations.
Q: Will Midhani (Mishra Dhatu Nigam) declare a dividend in Q4 FY26?
Historical dividend pattern for Midhani (Mishra Dhatu Nigam): Rs 3.00 per share. For Q4 FY26, Rs 4.00 final dividend expected. Dividend declarations are subject to board approval at the time of results.
Q: What is the current share price and market cap of Midhani (Mishra Dhatu Nigam)?
Midhani (Mishra Dhatu Nigam) (MIDHANI) is currently trading at approximately Rs 368 with a market capitalisation of Rs 6,850 Cr. Track live price, volume and FII/DII data on Univest Screener.
Q: What are the key risks for Midhani (Mishra Dhatu Nigam) in Q4 FY26?
Key risks include: Execution and Delivery Delays, Defence Budget Variability, Technology and IP Risk. Investors should monitor management commentary on these risks in the Q4 earnings call.
Q: Is Midhani (Mishra Dhatu Nigam) a buy before Q4 results?
This article does not constitute investment advice. Whether to buy Midhani (Mishra Dhatu Nigam) before Q4 results depends on your risk appetite, existing portfolio exposure and entry price relative to fair value. Consult a SEBI-registered financial advisor before making any investment decision.
Q: How can I track Midhani (Mishra Dhatu Nigam) Q4 results live?
Track Midhani (Mishra Dhatu Nigam) Q4 FY26 results live on the Univest Screener, which provides real-time price updates, financial data and analyst research. Download the Univest iOS App or Android App for mobile alerts.
Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before making any investment decisions. SEBI Registration: INH000012449.
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