Mishra Dhatu Nigam Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹411Cr
- +1.2% YoY
- Net profit
- ₹56Cr
- +21.7% YoY
- Margin
- 23%
- +3 pp YoY
Guidance rank: #11 of 21 in Aerospace & Defense
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The short version
MIDHANI is targeting around 20% year-on-year growth in revenue and volumes going forward, as outlined by management. MIDHANI targets about 20% year-on-year growth driven by stabilized operations and new investments.
From Mishra Dhatu Nigam Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- MIDHANI is targeting around 20% year-on-year growth in revenue and volumes going forward, as outlined by management.
- The investments and capex made over the last 4-5 years have started yielding results, enabling sustained 20% growth.
- The company anticipates good order inflows from Defence (including Navy, Air Force, Missile technology), Aerospace, Space, and PSUs.
- New alloys and products are being developed especially for Aerospace and ultra-megawatt power sectors, creating growth opportunities.
- Export orders have grown nearly threefold recently, with plans to further increase exports to INR120-150 crores.
- Growth in Defence orders is expected post recent operational showcases boosting confidence and demand.
2 more points from Mishra Dhatu Nigam Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- INR 600 crores invested over 5 years primarily in the Wide Plate Mill (WPM) as a strategic facility for import substitution, particularly for Titanium plates and aerospace-grade aluminum alloys.
- WPM capacity utilization is currently low; returns from this INR 600 crores investment will take time as the unit stabilizes.
- The Titanium alloy plant is recently commissioned with a capacity of 250-300 tons per month; expected to reach full utilization by FY '25-26.
- Annual planned capex for FY '26 is about INR 75-100 crores, focusing on strengthening manufacturing infrastructure and new facilities.
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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
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Order Book & Pipeline
- Current order book as of April 1, 2025: INR 1,832 crores.
- Breakdown of order book:
- Defence: ~84%
- Space: ~8%
- Energy: ~2%
- Others: ~3%
- Exports: ~2%
- Expected order inflow for FY '25: approximately INR 1,500 crores.
- Additional orders anticipated from Aero, Navy, Missile, Space, and Power sectors.
- Rohtak plant current order book: around INR 10 crores, with potential to reach INR 50 crores order booking for FY '25-'26.
- Discussions ongoing for long-term projects with partners, possibly leading to higher future investments and order book growth.
2 more points from Mishra Dhatu Nigam Ltd's call on order book
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Mishra Dhatu Nigam Ltd — Quarterly revenue & net profit
Mishra Dhatu Nigam Ltd Q4 FY25 results — key figures
| ₹ Cr | Q4 FY25 | Q4 FY24 | YoY | Q3 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 411 | 406 | +1.2% | 238 | +72.7% |
| Operating profit (EBITDA) | 93 | 80 | +16.3% | 52 | +78.8% |
| Operating margin | 23% | 20% | +3 pp | 22% | +1 pp |
| Profit before tax | 77 | 65 | +18.5% | 36 | +113.9% |
| Net profit (PAT) | 56 | 46 | +21.7% | 25 | +124% |
| EPS (₹) | 3.00 | 2.48 | +21% | 1.35 | +122.2% |
Source: reported quarterly figures (Screener), ₹ crore.
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.
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What Mishra Dhatu Nig's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Mishra Dhatu Nigam Ltd Q4 FY25 results?
MIDHANI is targeting around 20% year-on-year growth in revenue and volumes going forward, as outlined by management. MIDHANI targets about 20% year-on-year growth driven by stabilized operations and new investments.
What is Mishra Dhatu Nigam Ltd share price analysis?
Mishra Dhatu Nigam Ltd currently shows a neutral. The stock trades at a P/E of 59.6 with a market cap of ₹7,796 Cr. Investors should review the full earnings analysis for detailed insights.
Is Mishra Dhatu Nigam Ltd planning capital expenditure?
INR 600 crores invested over 5 years primarily in the Wide Plate Mill (WPM) as a strategic facility for import substitution, particularly for Titanium plates and aerospace-grade aluminum alloys.
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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.