Mishra Dhatu Nigam Ltd
Mishra Dhatu Nigam Ltd Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
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.
- Capacity expansions like the newly commissioned Titanium plant (250-300 tons/month) will enhance output.
- Revenue growth is expected to accelerate from FY '25-'26 onwards, driven by order pipeline and market opportunities.
Profitability & Margins
See what Mishra Dhatu Nigam Ltd said on profitability & margins — free account, 30 seconds.
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.
- Discussions underway for a long-term project involving additional investments over 4-5 years, with decisions expected next quarter.
- Capital investments in Nickel-based and Titanium-based alloys over the past 5-7 years have begun yielding results, driving expected 20% year-on-year growth.
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 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.
- Expectation of growth in Space segment orders next year after a cyclical decline in FY '24-'25.
- Anticipated sustained order inflow driven by Defence sector constituting 70%-75% of total orders.
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 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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.