Rs 2,000 Crore Order Book: Defence Company Likely To Announce Dividend; Do You Own It?
The company's stock has fluctuated between a 52-week high of Rs 541 and a low of Rs 226.6.
Mishra Dhatu Nigam Limited (MIDHANI) has announced the rescheduling of its Board of Directors meeting to 19th March 2025. The primary agenda for this meeting is to consider the declaration of an interim dividend for the financial year 2024-25. The revised record date for determining the eligibility for this interim dividend, should it be declared, is set for March 25, 2025. Additionally, in compliance with the SEBI Prohibition of Insider Trading Regulations, 2015, the company has announced the closure of the trading window for designated persons and their immediate relatives. This trading window will remain closed from 13th March 2025 to 21st March 2025. These measures are part of the company's internal procedures to regulate and monitor trading activities.
Company Overview
Mishra Dhatu Nigam Ltd (MIDHANI), a Government of India enterprise under the Ministry of Defence, was established in 1973 in Hyderabad to achieve self-reliance in producing critical superalloys, titanium, and special steels for strategic sectors like defence, energy, space, and aeronautics. Notably, MIDHANI is India's sole producer of titanium alloys, and its diverse product portfolio includes high-value materials like ultra-high-strength steel, Armor-grade plates, and various nickel, iron, and cobalt-based superalloys, catering to specialized and demanding applications.
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Mishra Dhatu Nigam Limited is a government of India enterprise and the stock is trading below Rs 300 per share. The company's market capitalisation stands at over Rs 5,000 crore and as of December 31, 2024, the order book stands at Rs 2,000 crore. Over the past year, the stock has experienced a decline of 25 per cent. However, over a three-year period, it has provided a return of 60 per cent. The company's stock has fluctuated between a 52-week high of Rs 541 and a low of Rs 226.6. With a PE ratio of 50, MIDHANI remains a notable player in the defence sector.
Disclaimer: The article is for informational purposes only and not investment advice.