Arthneeti
All Q1 FY27 results →
MD

Mishra Dhatu Nigam Ltd

Q1 FY27Aerospace & Defense

Mishra Dhatu Nigam Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹420
Market cap₹7.9K Cr
P/E58.6
Updated16 Oct 2026
Read5 min read

Mishra Dhatu Nigam Ltd Q1 FY27 key numbers

Revenue
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.

As stated in Mishra Dhatu Nigam Ltd's Q1 FY27 earnings call transcript · published 25 Aug 2026. Reported figures, not investment advice.

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 16 Oct 2026.

Revenue & Sales Performance

Good growth
  • 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).

2 more points from Mishra Dhatu Nigam Ltd's call on revenue

Create a free account to keep reading this call

Profitability & Margins

See what Mishra Dhatu Nigam Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • 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.

2 more points from Mishra Dhatu Nigam Ltd's call on capex

Create a free account to keep reading this call

Top-ranked in Aerospace & Defense

Ranked on what management guided this quarter

Guidance-ranked
1Rossell Techsys
Rev 1Mar 1
2Shree Refrigerat
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
Sign up free to see 3 moreTakes 30 seconds · no cardSign up

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

Order book rising
  • 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.

2 more points from Mishra Dhatu Nigam Ltd's call on order book

Create a free account to keep reading this call

What the Q1 FY27 call signalled

3 of 4 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
Order bookOrder book rising

Mishra Dhatu Nigam Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹276 Cr, net profit ₹27 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

Continue your research

What Mishra Dhatu Nig's management said in earlier quarters

Others in Aerospace & Defense this season

  • Sigma Advanced System Ltd (Q1 FY27)

    Revenue from Operations for Q1FY27: INR 374 Cr, up 16% from INR 323 Cr in Q4FY26 (Page 23). Key concall takeaways from Sigma Advanced System Ltd's Q1 FY27…

  • Rossell Techsys (Q1 FY27)

    Revenue for Q1 FY2026-27: ₹154.7 Crore . Key concall takeaways from Rossell Techsys Ltd's Q1 FY27 earnings call — and how it ranks against sector peers.

  • DCX Systems (Q1 FY27)

    101.12 Crores . Key concall takeaways from DCX Systems Ltd's Q1 FY27 earnings call — and how it ranks against sector peers.

  • Shree Refrigerat (Q1 FY27)

    Year-on-year revenue growth: 55.5% YoY (from FY25 revenue of INR 987.3 Mn) . Key concall takeaways from Shree Refrigerations Ltd's Q1 FY27 earnings call — and…

Compare:vs Hind.Aeronauticsvs Bharat Electronvs Bharat Dynamics

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Arthneeti Pro · Annual

Mishra Dhatu Nigam Ltd and 15K+ more earnings calls,
for less than your morning chai

a day

Every earnings call, ranking and concall Q&A across all four results seasons.

Secure Razorpay payment · instant access

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 58.6 with a market cap of ₹7,863 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.

Keep Mishra Dhatu Nigam Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.