Mishra Dhatu Nigam Limited (MIDHANI) Fair Value & Analysis
Basic Materials · IN · Market cap ₹81.4B
Fair value as of: Jul 3, 2026
From 26 valuation models · updated today
Share price +2.6% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹270.45 – ₹450.35 · fair‑value band ₹80.45 – ₹148.41 · the ₹427.85 price screens above the ₹116.44 fair value. As of Jul 3, 2026.
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Mishra Dhatu Nigam Limited (MIDHANI) currently trades at ₹427.85, while our model-based Fair Value estimate is ₹116.44 — implying the stock looks roughly 72.8% overvalued today. We read business quality at 62/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Mishra Dhatu Nigam Limited generated revenue of ₹12.1B at a net margin of 10.9%. Revenue grew 34.6% year over year. It earns a return on equity of 8.9%. Net debt stands at ₹2.1B. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Mishra Dhatu Nigam Limited manufactures and sells super alloys, titanium, special purpose steel, and other special metals in India and internationally. The company provides special steels, including martensitic, special, austenitic, and precipitation hardening steels for use in aerospace, power generation, nuclear, defence, cryogenic, and other general engineering industries. It also offers nickel, cobalt, and iron-based superalloys; titanium and titanium alloys, soft magnetic, controlled expansion alloys; investment castings products; bars, bright bars, and wires/fine wires; and hot and cold rolled sheets, and strips, as well as open die forging products. In addition, the company offers welding consumables, fasteners, biomedical implants, and armour products. Mishra Dhatu Nigam Limited was incorporated in 1973 and is based in Hyderabad, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Mishra Dhatu Nigam Limited reported revenue of ₹12.1B in FY2026 versus ₹8.6B in FY2022, a compound +8.9%/yr. Reported net income was ₹1.3B in FY2026, compounding −7.1%/yr from FY2022.
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6 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2110 | $0.0100 | -95% |
| Nucor Corporation NUE | $244.93 | $116.05 | -53% |
| ArcelorMittal S.A ARMT34 | R$165.12 | R$26.89 | -84% |
| JSW Steel Limited JSWSTEEL | ₹1,270 | ₹1,007 | -21% |
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| POSCO Holdings 005490 | 346,500 KRW | 155,270 KRW | -55% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.