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Buy Mishra Dhatu Nigam Ltd For Target Rs 465 - ICICI Direct Opportunities galore; execution set to pick-up… About the stock: Mishra Dhatu Nigam (Midhani) is the manufacturer of High performance alloys, special steels and stainless steels, super alloys (nickel base, iron base and cobalt base), varieties of titanium alloys etc • The Company has two state of the art manufacturing facilities - Hyderabad (Telangana) and Rohtak (Haryana) • Consolidated revenue has grown by 6.9% CAGR in the last 3 years during the period FY20-23 whi...
Buy Mishra Dhatu Nigam Ltd For Target Rs 465 - ICICI Direct
Buy Mishra Dhatu Nigam Ltd For Target Rs 465 - ICICI Direct
Source: ICICI Direct
20/08/2023 10:25:27 AM
Buy Mishra Dhatu Nigam Ltd For Target Rs.465 - ICICI Direct Opportunities galore; execution set to pick-up… About the stock: Mishra Dhatu Nigam (Midhani) is the manufacturer of High performance alloys, special steels and stainless steels, super alloys (nickel base, iron base and cobalt base), varieties of titanium alloys etc • The Company has two state of the art manufacturing facilities - Hyderabad (Telangana) and Rohtak (Haryana) • Consolidated revenue has grown by 6.9% CAGR in the last 3 years during the period FY20-23 whi...
Buy Mishra Dhatu Nigam Ltd For Target Rs.465 - ICICI Direct
Buy Mishra Dhatu Nigam Ltd For Target Rs.465 - ICICI Direct
Source: ICICI Direct
18/08/2023 11:56:32 AM
Government receives dividend tranches from NPCIL, UCIL and HAL The government on Friday received Rs 736 crore and Rs 102 crore from public sector undertakings (PSUs) Nuclear Power Corporation of India Limited (NPCIL) and Uranium Corporation of India Limited (UCIL) respectively as dividend tranches. Today is the last day of the current financial year 2022-23.indu Dividends and profits earned by the government from PSUs belong to the capital budget. Government also received Rs 503 crore and Rs 23 crore from HAL and Mishra Dhatu Nigam Limited (MIDH...
Government receives dividend tranches from NPCIL, UCIL and HAL
Government receives dividend tranches from NPCIL, UCIL and HAL
Source: IANS
31/03/2023 5:11:02 PM
Mishra Dhatu Nigam shines on signing eleven MoUs with various organizations Mishra Dhatu Nigam is currently trading at Rs. 196.10, up by 3.30 points or 1.71% from its previous closing of Rs. 192.80 on the BSE. The scrip opened at Rs. 199.95 and has touched a high and low of Rs. 201.15 and Rs. 196.85 respectively. So far 963 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 268.85 on 09-Nov-2022 and a 52 week low of Rs. 155.65 on 20-Jun-2022. Last one week high and low of the scrip stood ...
Mishra Dhatu Nigam shines on signing eleven MoUs with various organizations
Mishra Dhatu Nigam shines on signing eleven MoUs with various organizations
Source: Reuters
16/02/2023 10:29:15 AM
Manufacturing cutting-edge products need of the hour: Defence Minister Rajnath Singh at Aero India 2023 Defence Minister Rajnath Singh on Monday urged Indian and global industry leaders to support the governments push for design, development and manufacture of cutting-edge products using critical technologies in the country to attain complete Aatmanirbharta in the field of defence. "The overall objective is to achieve shared global peace and prosperity," he said while addressing a gathering of over 70 CEOs from local and global original equipment manufacturers (OEMs) during a Round...
Manufacturing cutting-edge products need of the hour: Defence Minister Rajnath Singh at Aero India 2023
Manufacturing cutting-edge products need of the hour: Defence Minister Rajnath Singh at Aero India 2023
Source: IANS
14/02/2023 11:09:27 AM
Hold Mishra Dhatu Nigam Ltd For Target Rs.230 - ICICI Securities Growth faces near-term cost headwinds 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; 2) orderbook rose to Rs15bn (Q1FY23: Rs11.2bn); 3) H1FY23 value of production (VoP) rose 41.8% YoY to Rs4.8bn; 4) launched six new products at Def Expo-22; and 5) 8te vacuum induction melt furnace has fully started at Rohtak (in...
Hold Mishra Dhatu Nigam Ltd For Target Rs.230 - ICICI Securities
Hold Mishra Dhatu Nigam Ltd For Target Rs.230 - ICICI Securities
Source: ICICI Securities Ltd
13/01/2023 1:48:06 PM
Buy Mishra Dhatu Nigam Ltd For Target Rs.295 - ICICI Direct Technical Outlook • The share price of Mishra Dhatu Nigam has recently generated a resolute breakout above 30 months triangular consolidation with strong volume of more than double of its 10 months average volume of 0.2 crore share per week signalling resumption of up move • The stock has retraced its 28 month’s corrective decline (| 278- 156) in just six months signalling faster retracement indicating structural turnaround • Last six week’s breather toward...
Buy Mishra Dhatu Nigam Ltd For Target Rs.295 - ICICI Direct
Buy Mishra Dhatu Nigam Ltd For Target Rs.295 - ICICI Direct
Source: ICICI Direct Ltd
21/12/2022 11:57:13 AM
Mishra Dhatu Nigam spurts on securing order of Rs 185 crore Mishra Dhatu Nigam is currently trading at Rs. 224.05, up by 8.70 points or 4.04% from its previous closing of Rs. 215.35 on the BSE. The scrip opened at Rs. 219.00 and has touched a high and low of Rs. 233.15 and Rs. 219.00 respectively. So far 222800 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 233.00 on 16-Sep-2022 and a 52 week low of Rs. 155.65 on 20-Jun-2022. Last one week high and low of the scrip sto...
Mishra Dhatu Nigam spurts on securing order of Rs 185 crore
Mishra Dhatu Nigam spurts on securing order of Rs 185 crore
Source: Accord Fintech
19/09/2022 12:53:14 PM
Mishra Dhatu Nigam leads the gainers of group `A` on BSE Mishra Dhatu Nigam is currently trading at Rs. 222.95, up by 19.45 points or 9.56% from its previous closing of Rs. 203.50 on the BSE. The scrip opened at Rs. 201.10 and has touched a high and low of Rs. 233.00 and Rs. 201.10 respectively. So far 470643 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 233.00 on 16-Sep-2022 and a 52 week low of Rs. 155.65 on 20-Jun-2022. Last one week high and low of the scrip st...
Mishra Dhatu Nigam leads the gainers of group `A` on BSE
Mishra Dhatu Nigam leads the gainers of group `A` on BSE
Source: Accord Fintech
16/09/2022 3:11:28 PM
Hold Mishra Dhatu Nigam Ltd For Target Rs.200- ICICI Direct Steady operational performance About the stock: Mishra Dhatu Nigam (Midhani) is a leading manufacturer of special steel, super alloys and titanium alloys catering to niche end-user segments like space, defence, etc. * Within the overall steel market, Midhani’s area of focus is specialty steel * Midhani’s product range includes superalloys, titanium and titanium alloys, special purpose steels and other special alloys Q1FY23 Results: Midhani reported a steady operational...
Hold Mishra Dhatu Nigam Ltd For Target Rs.200- ICICI Direct
Hold Mishra Dhatu Nigam Ltd For Target Rs.200- ICICI Direct
Source: ICICI Direct
23/08/2022 10:03:57 AM
Mishra Dhatu Nig Q1 net profit down 5.90% at Rs 17.70 cr The company reported standalone net profit of Rs 17.70 crore for the quarter ended June 30, 2022 as compared to Rs 18.81 crore in the same period last year, registering a year-on-year decline of 5.90 per cent. Net revenue of the company declined marginally by 3.15 per cent at Rs 109.39 crore in April-June quarter of this fiscal as against Rs 112.95 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 7.48 per cent to Rs 81.91 crore from Rs 8...
Mishra Dhatu Nig Q1 net profit down 5.90% at Rs 17.70 cr
Mishra Dhatu Nig Q1 net profit down 5.90% at Rs 17.70 cr
Source: Dion Global Solutions Ltd
28/07/2022 9:45:33 AM
Mishra Dhatu Nigam Q4 net profit up 8.54% at Rs 80.99 cr The company reported standalone net profit of Rs 80.99 crore for the quarter ended March 31, 2022 as compared to Rs 74.62 crore in the same period last year, registering a year-on-year growth of 8.54 per cent. Net revenue of the company declined moderately by 6.53 per cent at Rs 323.29 crore in January-March quarter of this fiscal as against Rs 345.88 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 17.04 per cent to Rs 201.39 crore from...
Mishra Dhatu Nigam Q4 net profit up 8.54% at Rs 80.99 cr
Mishra Dhatu Nigam Q4 net profit up 8.54% at Rs 80.99 cr
Source: Dion Global Solutions Ltd
27/05/2022 4:03:26 PM
Buy Mishra Dhatu Nigam Ltd For Target Rs.251 - ICICI Securities Higher RM, product mix impact margins Mishra Dhatu Nigam’s (Midhani) management highlighted 9MFY22 Value of production (VoP) growth of 27% YoY. Margins have witnessed pressures from increased RM costs; management expects 2-3% margin moderation. Plate mill and the armour facility at Rohtak is commissioned and expected to contribute Rs3bn to order inflow/execution in FY23E, albeit at lower margins as significant part of the orders is now being won through competitive bidding. Margin ta...
Buy Mishra Dhatu Nigam Ltd For Target Rs.251 - ICICI Securities
Buy Mishra Dhatu Nigam Ltd For Target Rs.251 - ICICI Securities
Source: ICICI Securities Ltd
12/03/2022 1:11:14 PM
Buy Mishra Dhatu Nigam Ltd For Target Rs.274 - ICICI Securities 25%+ YoY revenue growth in H2FY22 Mishra Dhatu Nigam (Midhani) management guided for 20%+ top-line growth in FY22E with possible order inflow of > Rs10bn. The commissioning of the wide plate mill opens up new revenue opportunity for Midhani. Management expects that as ~Rs6bn of CWIP gets commercially commissioned, FY24E revenue can potentially reach Rs20bn+. Commissioning of the wide plate mill will lead to buildup of inventory over H2FY22. There are strong tailwinds in defence and aero...
Buy Mishra Dhatu Nigam Ltd For Target Rs.274 - ICICI Securities
Buy Mishra Dhatu Nigam Ltd For Target Rs.274 - ICICI Securities
Source: ICICI Securities Ltd
16/12/2021 9:02:11 AM
Hold Mishra Dhatu Nigam Ltd For Target Rs.210 - ICICI Direct Steady performance… About the stock: Mishra Dhatu Nigam (Midhani) is a leading manufacturer of special steel, super alloys and titanium alloys catering to niche end-user segments like space, defence, etc. * Within the overall steel market, Midhani’s area of focus is specialty steel * Midhani’s product range includes superalloys, titanium and titanium alloys, special purpose steels and other special alloys   Q2FY22 Results: Midhani reports a steady set of...
Hold Mishra Dhatu Nigam Ltd For Target Rs.210 - ICICI Direct
Hold Mishra Dhatu Nigam Ltd For Target Rs.210 - ICICI Direct
Source: ICICI Direct
13/12/2021 11:54:14 AM
Buy Mishra Dhatu Nigam Ltd For Target Rs.280 - ICICI Securities Execution outlook remains strong Mishra Dhatu Nigam (Midhani) highlighted that despite the slowdown in space launches, and space revenue mix falling to 40% in FY21E, it does not expect any material change in margins. This is mainly due to the high-margin maraging steel comprising of 70-80% of revenue mix in FY21E (similar to FY20) and titanium alloys also increasing their revenue contribution. Management expects to cross FY20 revenues in FY21; all the melt shops are running at full utilis...
Buy Mishra Dhatu Nigam Ltd For Target Rs.280 - ICICI Securities
Buy Mishra Dhatu Nigam Ltd For Target Rs.280 - ICICI Securities
Source: ICICI Securities Ltd
22/01/2021 12:23:06 PM