NSE: MIDHANI | BSE: 541195

Mid-range Performer

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345.70 -7.45 (-2.11%)

26.29% Fall from 52W High

284.7K NSE+BSE Volume

NSE 21 Nov, 2025 3:31 PM (IST)

6,476.3

Market Cap

Above industry Median

1.5

Beta 1Year

Very High Volatility

Mishra Dhatu Nigam Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MIDHANI, BSE:541195 Mishra Dhatu Nigam Ltd.

Mishra Dhatu Nigam Ltd.

31 May 2023

345.70

-2.11%

Good opportunities; execution awaited

Hold: Mishra Dhatu Nigam Ltd.

Target

ICICI Securities Limited

Mishra Dhatu Nigam’s (Midhani) Q4FY23 performance was impacted by higher raw
material costs. Key takeaways: 1) EBITDA margin rose 70bps QoQ to 29.1% despite firm raw material and power costs, owing to higher scrap utilisation; 2) orderbook at Mar’23-end was at Rs13.3 bn, aided by an inflow of Rs9bn during the quarter Q4FY23

ICICI Direct increased Buy price target of Mishra Dhatu Nigam Ltd. to 460.0 on 17 Nov, 2025.

Mishra Dhatu Nigam Ltd.

08 Feb 2023

345.70

-2.11%

Order inflow remains the key

Hold: Mishra Dhatu Nigam Ltd.

Target

ICICI Securities Limited

Mishra Dhatu Nigam’s (Midhani) Q3FY23 performance was steady – led by higher scrap utilisation. Key takeaways: 1) EBITDA margin came in at 28.4% despite firm raw material and power costs, owing to higher scrap utilisation; 2) orderbook remained broadly static compared to Q2FY23 at Rs14.72bn.

Mishra Dhatu Nigam Ltd. is trading below all available SMAs

Mishra Dhatu Nigam Ltd.

05 Dec 2022

345.70

-2.11%

Mishra Dhatu Nigam

Buy: Mishra Dhatu Nigam Ltd.

Recommendation Target

ICICI Direct

ICICI Direct increased Buy price target of Mishra Dhatu Nigam Ltd. to 460.0 on 17 Nov, 2025.

Mishra Dhatu Nigam Ltd.

22 Nov 2022, 12:00AM

345.70

-2.11%

Growth faces near-term cost headwinds

Hold: Mishra Dhatu Nigam Ltd.

Target

ICICI Securities Limited

Mishra Dhatu Nigam’s (Midhani) Q2FY23 performance was steady led by higher scrap utilisation. Key takeaways: 1) EBITDA margin came in at 32.4%, despite firm raw material and power costs, owing to higher scrap utilisation.

ICICI Direct increased Buy price target of Mishra Dhatu Nigam Ltd. to 460.0 on 17 Nov, 2025.

Mishra Dhatu Nigam Ltd.

22 Aug 2022, 12:00AM

345.70

-2.11%

Mishra Dhatu Nigam

Hold: Mishra Dhatu Nigam Ltd.

ICICI Direct

ICICI Direct increased Buy price target of Mishra Dhatu Nigam Ltd. to 460.0 on 17 Nov, 2025.

Mishra Dhatu Nigam Ltd.

11 Nov 2021

345.70

-2.11%

Mishra Dhatu Nigam

Hold: Mishra Dhatu Nigam Ltd.

Recommendation Target

ICICI Securities Limited

For Q2FY22, Midhani's consolidated operations posted a topline of | 188 crore, up 15% YoY & 65% QoQ. Consolidated EBITDA for the quarter was at | 52 crore, up 4% YoY and 103% QoQ Midhani's consolidated EBITDA margin for Q2FY22 was at 27.6% compared to 22.4% in Q1FY22 and 30.5% in Q2FY21. Ensuing consolidated PAT for...

ICICI Direct increased Buy price target of Mishra Dhatu Nigam Ltd. to 460.0 on 17 Nov, 2025.

Mishra Dhatu Nigam Ltd.

15 Sep 2020

345.70

-2.11%

Mishra Dhatu Nigam

Buy: Mishra Dhatu Nigam Ltd.

Target

ICICI Securities Limited

FY21 order intake likely to be ~| 700-750 crore.. During FY21, the management expects order intake to the tune of ~| 700750 crore. In the current fiscal year, majority of order intake would be from the defence segment. Of the cumulative order intake of ~ | 700-750 crore in FY21, ~70% is likely from the defence segment (including the aerospace). During FY20, Midhani booked orders (order intake) to the tune of | 786 crore. Of the orders booked during FY20, ~| 506 crore was from the space segment, | 229 crore was from the defence segment, | 28 crore was from...