Aerospace & Defense PSU Mishra Dhatu Bags New Order, Shares Rise 129% In 2-Yrs

Mid cap company Mishra Dhatu Nigam Ltd shares gained 3.48% in trade today on BSE after the company informed about its new order win. Current market price of Mishra Dhatu Nigam shares on BSE is Rs 434.50 per share. Mishra Dhatu Nigam has a market capitalisation of Rs 8139.92 crore. Mishra Dhatu Nigam shares gained over 3% in last 1-week and soared 129% in last 2-years. Check details below:

Mishra Dhatu Nigam Receives New Order: According to the BSE filing of the company dated August 19, 2024, "In terms of Regulation 30 of SEBI LODR, we hereby inform you that, Mishra Dhatu Nigam Limited (MIDHANI) has secured an order of Rs. 285 crores. With this, the open order position of MIDHANI as on date is around Rs. 2,098 crores."

Mishra Dhatu Nigam Share Performance: The 52-week high price of Mishra Dhatu Nigam Ltd share on BSE is Rs 547.45 per share (as on 05/02/2024) and 52-week low price is Rs 345.00 per share (as on 13/03/2024), respectively. Mishra Dhatu Nigam shares slipped over 9% in last 1-month, offered return of 11% in last 1-year, gained 139% in last 3-years, and soared 280% in last 5-years.

Mishra Dhatu Nigam Declares Dividend In 2024: As per the regulatory filing of the company dated March 14, 2024, "This is to inform you that, the Board of Directors of the Company at its meeting held today, i.e. 14th March, 2024 which commenced at 1200 hrs. and concluded at 1330 hrs. has interalia approved declaration of Interim Dividend Rs. 1.41 per equity share (@14.10%) of Rs. 10/-each for the financial year 2023-24."

Mishra Dhatu Q1: MIDHANI announced a decline of 72.44% in its net profit for Q1FY25 to Rs 5.11 crore as compared to Rs 18.54 crore announced in the Q1FY24. Its revenue from operations fell 12.93% to Rs 163.45 crore for Q1FY25 as against Rs 187.72 crore in Q1 FY24. The company's profit before tax slipped 66.47% for Q1FY25 TO Rs 8.96 crore. EBITDA of MIDHANI declared at 31.07 crore for the June 2024 quarter, down 37.31% from Rs 49.56 crore reported in the corresponding quarter of last year.

Mishra Dhatu About: Mishra Dhatu Nigam Limited (MIDHANI)was established in the year 1973 as a Government of India Enterprise under administrative control of Ministry of Defence. The production unit of MIDHANI, located at Kanchanbagh, Hyderabad, was commissioned in the year 1982. MIDHANI was set up with a view to achieve self-reliance in production and supply of various super alloys, special steels, soft magnetic alloys to Defence and other Strategic Sectors such as Energy, Space and Aeronautical applications.

Disclaimer:

The stock just highlights the order win and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.