Mishra Dhatu Nigam Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #11 of 21 in Aerospace & Defense
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What the Q4 FY26 call signalled
4 of 5 strong
The short version
MIDHANI targets a consistent top-line growth of around 15% year-on-year for the next 2 years, supported by the establishment of a metal bank to ensure raw material availability. MIDHANI targets around 15% year-on-year top-line growth for the next 2 years, with corresponding bottom-line growth of about 20%.
From Mishra Dhatu Nigam Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- MIDHANI targets a consistent top-line growth of around 15% year-on-year for the next 2 years, supported by the establishment of a metal bank to ensure raw material availability.
- Long-term growth of 5-7 years aims at reaching up to INR 2,000 crores in revenue, potentially growing at 15%-20% annually.
- Orders from niche aerospace and defense sectors, including AMCA programs, are expected to contribute significantly to growth.
- The newly established fastener facility aims for a stable revenue of INR 25 crores per year from missile and space sectors.
- Strong order book (~INR 2,250 crores as of April 2026) and anticipated new orders (~INR 1,500 crores in FY '26-'27) support positive volume growth.
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Profitability & Margins
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Capital Expenditure Plans
- MIDHANI plans capex of around INR1,000 crores over the next 3 years, focusing on downstream forging facilities and replacement of aging equipment with state-of-the-art automated machines.
- The capex targets improving efficiency, productivity, and yield across multiple product lines rather than just one specific product.
- A new INR40 crores fastener manufacturing facility has been established, catering to missile and space sectors, already operational and expected to generate stable revenue of at least INR25 crores per year.
- A spring plant initiative is underway, with expert subcontractors engaged; expected operational soon and targeting orders, though exact order size is yet to be determined.
- Plans include installation of a powder manufacturing facility, with licensing and clearance in progress, potentially clarified in the next quarter.
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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 open order book: Approximately INR 2,249 to INR 2,250 crores (Page 8, Page 14)
- Defence sector constitutes about 79% of the total order book (Page 8)
- Expected new order bookings for FY '26-'27: Around INR 1,500 crores (Page 8)
- Discussions ongoing for various orders including Aerospace and Defence sectors (Page 14)
- Orders pending/expected for AMCA alloys (Superalloys and Titanium) under developmental work (Page 16)
- No current orders yet for springs for Vande Bharat project but expected soon (Page 14)
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Mishra Dhatu Nigam Ltd — Quarterly revenue & net profit
Q4 FY26 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q4 FY26 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.
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What Mishra Dhatu Nig's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Aerospace & Defense
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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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 FY26 results?
MIDHANI targets a consistent top-line growth of around 15% year-on-year for the next 2 years, supported by the establishment of a metal bank to ensure raw material availability. MIDHANI targets around 15% year-on-year top-line growth for the next 2 years, with corresponding bottom-line growth of about 20%.
What is Mishra Dhatu Nigam Ltd share price analysis?
Mishra Dhatu Nigam Ltd currently shows a below-average growth signal. 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?
MIDHANI plans capex of around INR1,000 crores over the next 3 years, focusing on downstream forging facilities and replacement of aging equipment with state-of-the-art automated machines.
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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.