Rs 2,000 Crore Order Book: Defence Company Announces Performance Highlight for FY 2024-25
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.
Mishra Dhatu Nigam Limited (MIDHANI) reported its financial performance for the fiscal year 2024-25, achieving sales of Rs 1,070 crore, slightly down from Rs 1,072.67 crore in the previous year. Notably, the company recorded its highest-ever exports at Rs 94 crore, a significant increase from Rs 63.72 crore in the prior year. This growth in exports underscores MIDHANI's expanding global footprint and strategic focus on international markets.
The company's commitment to innovation and the development of new products has been a key driver of its performance, with substantial investments in research and development. MIDHANI's strategic initiatives, including the establishment of new manufacturing facilities and the introduction of advanced technologies, are poised to enhance its production capabilities and market reach. These efforts align with the company's long-term vision of self-reliance in the production of superalloys and special steels for defense and strategic sectors.
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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.
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 23 per cent. However, over a three-year period, it has provided a return of 66 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.