PSU Stocks Shine: MIDHANI Announces Interim Dividend, Jumps 8%; Time to Buy?

Hyderabad-based state-owned Mishra Dhatu Nigam Ltd. (MIDHANI) has announced an interim dividend on Wednesday, translating to 7.50% of the face value of Rs.10 per share for the financial year 2024-25. The decision was approved by the Board of Directors during a meeting held on March 19, 2025.

Mishra Dhatu Nigam Ltd Dividend

The company, in its latest updates, stated that, "This is to inform you that the Board of Directors of the Company at its meeting held today, i.e., 19th March, 2025, which commenced at 1530 hrs. and concluded at 1600 hrs., has inter alia approved the declaration of an interim dividend of Rs. 0.75 per equity share, i.e., (7.50%) of Rs. 10/- each for the financial year 2024-25."

Record date of the dividend

The dividend record date has been scheduled for March 25, 2025, to determine eligible shareholders.

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Midhani Share Price Movement

Mishra Dhatu Share Price today Jumped by 8.37% to close Rs. 284.45. However, this surge comes after a sharp correction seen in this PSU stock, where the shares fell by 25% in the past six months and 17% so far this year. As of the latest market data, Mishra Dhatu Nigam Ltd. (MIDHANI) has a market capitalization of Rs. 5,340 crore. Over the past year, MIDHANI's stock has witnessed significant fluctuations, reaching a 52-week high of Rs.541.00 and a 52-week low of Rs.226.93.

MIDHANI Dividend History

As per data from Trendlyne, since September 19, 2018, Mishra Dhatu Nigam Ltd. (MIDHANI) has announced a total of 13 dividends, demonstrating its commitment to rewarding shareholders. Over the past 12 months, the company has declared an equity dividend of ₹1.41 per share. MIDHANI's dividend yield stands at 0.50%, indicating a moderate return for investors in terms of dividend payouts. With a strong order book and increasing demand in the defense, aerospace, and industrial sectors, MIDHANI has a strong hold in India's strategic materials industry.

About Mishra Dhatu Nigam Ltd. (MIDHANI)

Mishra Dhatu Nigam Ltd. (MIDHANI) is a public sector enterprise under the Ministry of Defence, Government of India, specializing in the production of high-performance metals and alloys. Established in 1973, MIDHANI plays a crucial role in India's defense, aerospace, nuclear, and industrial sectors by manufacturing special steels, superalloys, titanium alloys, and other advanced materials.

Headquartered in Hyderabad, Telangana, MIDHANI is known for its expertise in indigenous development and strategic material manufacturing, catering to ISRO, DRDO, HAL, BHEL, and the Indian Armed Forces. The company continuously focuses on innovation, self-reliance, and import substitution, strengthening India's defense and space capabilities.