Mishra Dhatu Nigam Share Price Jumps Over 8% After Q2 Results Show Profit More Than Doubling: Order Book, Margin Guidance and Risks for the Defence Metals Maker

The Mishra Dhatu Nigam share price rose 8.08% to Rs 428 intraday on 12 November 2026 after the company's Q2 results showed net profit more than doubling to Rs 27.84 crore. Mishra Dhatu Nigam, known as MIDHANI, makes specialised alloys for defence, space and energy customers. This note covers the price move, the quarterly numbers, the order book, management guidance and the risks.

The prices are from intraday reports on 12 November and will change through the session. Check NSE and BSE for live data. Defence stocks often move together, so the Nifty 50 and Sensex are useful context, as are peers such as Bharat Electronics and Hindustan Aeronautics.

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Mishra Dhatu Nigam Share Price: Today's Move

Item	Figure	Source note
Mishra Dhatu Nigam share price: intraday price on 12 November	Rs 428, up 8.08%	Market reports
Mishra Dhatu Nigam share price: previous close	About Rs 396	Reports on 12 November
Mishra Dhatu Nigam share price: market capitalisation	About Rs 7,414 crore	Same reports
Mishra Dhatu Nigam share price: 52-week high	Rs 456.90 on 13 August 2026	Other pages show Rs 454.80 to Rs 482.40, so sources conflict
Mishra Dhatu Nigam share price: promoter holding	74%	Shareholding data

At Rs 428 the stock is about 6.3% below the Rs 456.90 high quoted by one source (my arithmetic). The reports tie the August high to news around the S400 programme, but the exact high differs between data pages, so check the exchange record.

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Q2 FY27 Results: Profit More Than Doubles

Measure	Q2 FY27	Comparison
Mishra Dhatu Nigam share price: net profit	Rs 27.84 crore	Up 114.8% from Rs 12.96 crore
Mishra Dhatu Nigam share price: revenue	Rs 295.9 crore	Up 41.1%
Mishra Dhatu Nigam share price: EBITDA	Up 54%	Margin 17% against 15.5% a year ago
Q2 results: Q1 FY27 EBITDA margin	15.3%	Hit by raw-material inflation

Profit grew faster than revenue because margins widened, with the EBITDA margin rising to 17% from 15.5%. The base is small, so a doubling in profit amounts to about Rs 14.9 crore of extra profit (my arithmetic), which is worth keeping in mind when reading the headline percentage.

Order Book and Management Guidance

Item	Detail	Note
Q2 results: order book	Rs 2,329 crore at 1 July 2026	As disclosed
Q2 results: defence share	66%	Of the order book
Q2 results: space share	21%	Of the order book
Q2 results: energy share	9%	Of the order book
Q2 results: other	4%	Of the order book
Q2 results: revenue guidance	About 20% growth in FY27 and FY28	Management
Q2 results: EBITDA margin guidance	23% to 25%	Management; Q2 margin was 17%

The guided 23% to 25% EBITDA margin is well above the 17% reported in Q2, so the market is likely pricing in a margin recovery that is not yet in the numbers. If margins stay near 17%, the gap between guidance and delivery will matter. Raw-material costs hurt the Q1 margin, so input prices are a variable to watch.

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Checklist and Risks

Investor situation	Questions to consider
Q2 results: existing holder	Has the 8% jump changed how large this position is in my plan?
Q2 results: new investor	Have I read the Q2 filing and the margin guidance, and not only the headline?
Q2 results: short-term trader	Can I handle a reversal after a one-day surge in a mid-cap stock?
Long-term investor	Do order timing and margin risks fit my time horizon?

The main risks are a gap between guided and actual margins, raw-material inflation, order timing, customer concentration in defence and sharp swings in a mid-cap stock. Univest does not recommend any security.

Conclusion

The Mishra Dhatu Nigam share price rose over 8% on 12 November 2026 after profit grew 114.8% to Rs 27.84 crore and revenue rose 41.1%. The Rs 2,329 crore order book is a support, but the 17% margin is far below the guided 23% to 25%. Read the filings and consult a SEBI-registered adviser before acting.

Frequently Asked Questions on the Mishra Dhatu Nigam Share Price

Why did the Mishra Dhatu Nigam share price jump today?

Ans. The stock rose 8.08% to Rs 428 on 12 November 2026 after Q2 FY27 profit rose 114.8% to Rs 27.84 crore and revenue grew 41.1% to Rs 295.9 crore.

What were the Mishra Dhatu Nigam Q2 results?

Ans. Net profit was Rs 27.84 crore against Rs 12.96 crore a year ago, revenue was Rs 295.9 crore, and EBITDA rose 54% with a margin of 17% against 15.5%.

What is the order book?

Ans. The order book was Rs 2,329 crore on 1 July 2026, split 66% defence, 21% space, 9% energy and 4% other. Check the latest disclosure for updates.

What is management guidance?

Ans. Management guides for about 20% revenue growth in FY27 and FY28 and an EBITDA margin of 23% to 25%. The Q2 margin of 17% is below that range.

What is the 52-week high?

Ans. One source gives Rs 456.90 on 13 August 2026, but other pages show Rs 454.80 to Rs 482.40. Check the exchange data for the exact figure.

Who owns Mishra Dhatu Nigam?

Ans. Promoters hold 74% of the company, per shareholding data. A high promoter stake means a smaller free float, which can lead to larger price swings.

What are the main risks?

Ans. Margin delivery, raw-material costs, order timing, customer concentration and volatility. A small profit base also makes percentage growth look larger than the rupee gain.

Should I buy Mishra Dhatu Nigam after the Q2 jump?

Ans. Univest does not recommend any security. Read the filing, check the margin trend and consult a SEBI-registered adviser before acting.