Mishra Dhatu Nigam Ltd
Mishra Dhatu Nigam Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
3 of 4 strong
Not discussed on this call: fundraise.
The short version
MIDHANI expects to continue growth beyond FY25-26 levels, aiming higher despite some raw material and LPG challenges (Page 6). - Q1 FY27 saw 40% YoY growth, but such high run rate may not be fully sustainable for the whole year; still, growth will be better than last year (Page 6). - The company plans to increase titanium production and utilization, expecting significant incremental orders contributing to revenue (Page 7-8). - CapEx of around Rs. MIDHANI achieved a robust Q1 FY '27 turnover growth of 40.46% YoY, signaling strong near-term momentum. - EBITDA margin temporarily compressed to ~20% in Q1 due to raw material and LPG price hikes but expected to normalize to 20-21% from Q3 onwards. - Order book stands healthy at around Rs.
From Mishra Dhatu Nigam Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- MIDHANI expects to continue growth beyond FY25-26 levels, aiming higher despite some raw material and LPG challenges (Page 6).
- Q1 FY27 saw 40% YoY growth, but such high run rate may not be fully sustainable for the whole year; still, growth will be better than last year (Page 6).
- The company plans to increase titanium production and utilization, expecting significant incremental orders contributing to revenue (Page 7-8).
- CapEx of around Rs. 1,000 crore planned over 2-3 years to modernize equipment, improve yield, productivity, and enable higher top-line growth, with benefits expected to start materializing after 3-4 years (Pages 9-10).
- Metal bank establishment expected to stabilize raw material availability and cost, supporting growth and margin improvement from Q3 onwards (Pages 6-7).
- Export business targeted to contribute about 10% of turnover with a positive outlook for increased export orders (Page 16).
- Order book stands at Rs. 2,300 crore with 66% from defense and growth expected from defense and space sectors (Page 9).
Profitability & Margins
See what Mishra Dhatu Nigam Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- MIDHANI is planning a major CapEx of around Rs. 1,000 crores over the next 2-3 years, primarily for replacing aging equipment with advanced automated machinery to improve yield, productivity, and competitiveness.
- Current year FY '27 CapEx is modest, around Rs. 50-60 crores, mostly for maintenance purposes.
- The major CapEx involving the Rs. 1,000 crore proposal is in the approval and evaluation stage with the Ministry, with formal Board/government approvals pending.
- Benefits from the CapEx are expected after a 4-year stabilization period, contributing to higher asset turns and top-line growth.
- A metal bank initiative is underway to secure raw material supply and manage cost volatility, expected to be implemented by Q2.
- MIDHANI is also exploring scrap recycling technologies in collaboration with academic institutes like NFTDC.
- The company is seeking various product certifications to increase orders and expand into global OEM markets within the next year or so.
Top-ranked in Aerospace & Defense
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Mishra Dhatu Nigam Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book as of August 2026 stands at approximately Rs. 2,300 crore.
- Defense sector constitutes about 66% of the order book.
- Space sector (ISRO) orders make up around 21%.
- Energy sector orders constitute about 9%.
- Others make up the remaining 4%.
- Orders are primarily secured through competitive bidding, with no nomination-based orders currently.
- Titanium-related orders are significant, with around Rs. 600 crore worth of titanium orders in the book.
- The company is actively looking to increase its order book, including export orders with global OEMs like GE, Rolls-Royce, Boeing, and Airbus, with expected approvals within 1-2 years.
- There is an ambition to grow export orders from the current Rs. 33 crore sales and Rs. 25 crore order book, targeting about 10% of total turnover from exports.
- Company is optimistic about new orders from programs like AMCA and S400 certification related testing.
Mishra Dhatu Nigam Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹276 Cr, net profit ₹27 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Mishra Dhatu Nigam Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Mishra Dhatu Nigam Ltd Q1 FY27 results?
MIDHANI expects to continue growth beyond FY25-26 levels, aiming higher despite some raw material and LPG challenges (Page 6). - Q1 FY27 saw 40% YoY growth, but such high run rate may not be fully sustainable for the whole year; still, growth will be better than last year (Page 6). - The company plans to increase titanium production and utilization, expecting significant incremental orders contributing to revenue (Page 7-8). - CapEx of around Rs. MIDHANI achieved a robust Q1 FY '27 turnover growth of 40.46% YoY, signaling strong near-term momentum. - EBITDA margin temporarily compressed to ~20% in Q1 due to raw material and LPG price hikes but expected to normalize to 20-21% from Q3 onwards. - Order book stands healthy at around Rs.
What is Mishra Dhatu Nigam Ltd share price analysis?
Mishra Dhatu Nigam Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 59.1 with a market cap of ₹7,942 Cr. Investors should review the full earnings analysis for detailed insights.
Is Mishra Dhatu Nigam Ltd planning capital expenditure?
MIDHANI is planning a major CapEx of around Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.