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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Mishra Dhatu Nigam Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:10 am

Market Cap 6,463 Cr.
Current Price 345
High / Low 548/305
Stock P/E73.8
Book Value 72.0
Dividend Yield0.41 %
ROCE9.44 %
ROE7.00 %
Face Value 10.0
PEG Ratio-10.52

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Mishra Dhatu Nigam Ltd

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
MTAR Technologies Ltd 5,297 Cr. 1,722 2,249/1,495136 2280.00 %11.4 %8.37 % 10.0
DCX Systems Ltd 3,674 Cr. 330 452/23569.9 1020.00 %9.27 %8.08 % 2.00
Data Patterns (India) Ltd 14,375 Cr. 2,568 3,655/1,75177.6 2410.25 %19.7 %14.3 % 2.00
Paras Defence and Space Technologies Ltd 4,051 Cr. 1,005 1,593/60982.0 1220.00 %11.4 %7.96 % 10.0
Zen Technologies Ltd 22,510 Cr. 2,493 2,590/688111 1730.04 %47.2 %33.0 % 1.00
Industry Average51,924.75 Cr1,387.1873.14151.000.30%22.03%16.34%4.92

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales190346114188234323115181231345188227252
Expenses1042438913617120182122166244146191216
Operating Profit86103265263122335966100423636
OPM %45%30%22%28%27%38%29%32%28%29%22%16%14%
Other Income488251679912886
Interest33223155678999
Depreciation777771212131414141414
Profit before tax8110225455811023495490272119
Tax %26%26%25%26%26%27%24%31%28%27%31%33%34%
Net Profit60751934438118343866191412
EPS in Rs3.203.981.001.802.294.320.941.792.063.530.990.740.67

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3635556477167736627117138138598721,012
Expenses309448518565587470526514567596613798
Operating Profit54106129152186191185199246263259214
OPM %15%19%20%21%24%29%26%28%30%31%30%21%
Other Income192623292336373620313834
Interest2585597713232734
Depreciation3610141820232627335357
Profit before tax68121134162186198191202226239217157
Tax %34%32%26%26%32%34%32%21%26%26%28%
Net Profit458299119126131131160166176156111
EPS in Rs304.91440.16529.31637.18674.237.016.978.538.889.418.325.93
Dividend Payout %20%45%38%28%30%30%31%30%31%33%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)20.73%20.20%5.88%3.97%0.00%22.14%3.75%6.02%-11.36%
Change in YoY Net Profit Growth (%)0.00%-0.53%-14.32%-1.91%-3.97%22.14%-18.39%2.27%-17.39%

Mishra Dhatu Nigam Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2014-2015 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:9%
3 Years:10%
TTM:9%
Compounded Profit Growth
10 Years:1%
5 Years:-7%
3 Years:-18%
TTM:-36%
Stock Price CAGR
10 Years:%
5 Years:17%
3 Years:24%
1 Year:-14%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:12%
Last Year:7%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:31 pm

MonthMar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital146187187187187187187187187187187187187
Reserves1652583534325176026477718851,0031,0991,1321,161
Borrowings445759132193107134160360489433440
Other Liabilities4778495644883754838831,3061,2281,2301,0891,1541,211
Total Liabilities8321,3501,1631,1211,1011,3651,8252,3982,4612,7812,8642,9062,999
Fixed Assets371152442633273444254414299381,0161,0321,077
CWIP1611897665175405549132808324
Investments2222222222222222225
Other Assets7781,1159078497659541,2231,5301,4611,6881,7461,7691,873
Total Assets8321,3501,1631,1211,1011,3651,8252,3982,4612,7812,8642,9062,999

Reserves and Borrowings Chart

Cash Flow

MonthMar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +119202962041765-35216
Cash from Investing Activity +-65-78-205-195-115-68-3-65
Cash from Financing Activity +-4325-78-13-373943-148
Net Cash Flow12-3313-424-2442

Free Cash Flow

MonthMar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow10.0049.0070.00139.00165.0098.0078.0065.0086.00-97.00-230.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days108160124106136228181152173130132110
Inventory Days8758867043722777499842,7841,3812,0882,7451,066
Days Payable115190158688929924839414833635798
Cash Conversion Cycle8688576704103246789162,5421,4071,8822,5201,078
Working Capital Days61241167144134194277430393453531431
ROCE %26%27%28%25%22%21%21%19%15%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%
FIIs0.20%0.25%0.31%0.51%0.52%0.52%0.58%0.95%1.19%0.96%1.07%1.27%
DIIs13.66%14.27%14.74%14.59%15.57%13.76%13.82%13.11%12.48%11.84%11.04%9.33%
Public12.14%11.48%10.95%10.91%9.90%11.71%11.61%11.93%12.33%13.20%13.88%15.40%
No. of Shareholders93,75487,55386,50585,59978,81381,20182,46378,58893,6311,01,8081,23,0071,42,559

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan13,431,6280.74503.751,498,6862024-12-21796.23%
Nippon India Small Cap Fund1,498,6860.1456.211,498,6862024-12-210%
DSP Tiger Fund1,477,6552.0155.421,498,6862024-12-21-1.4%
Nippon India Power & Infra Fund775,0000.9629.071,498,6862024-12-21-48.29%
Nippon India Retirement Fund - Wealth Creation Scheme775,0001.0729.071,498,6862024-12-21-48.29%
HDFC Capital Builder Value Fund - Regular Plan718,2980.4426.941,498,6862024-12-21-52.07%
Taurus Ethical Fund63,3161.892.381,498,6862024-12-21-95.78%
Motilal Oswal Nifty Microcap 250 Index Fund53,9130.352.021,498,6862024-12-21-96.4%
Nippon India Retirement Fund - Income Generation Scheme15,0000.340.561,498,6862024-12-21-99%
ICICI Prudential S&P BSE 500 ETF4950.010.021,498,6862024-12-21-99.97%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.908.349.438.888.44
Diluted EPS (Rs.)4.908.349.438.888.44
Cash EPS (Rs.)8.0011.1511.1710.329.92
Book Value[Excl.RevalReserv]/Share (Rs.)70.4268.6163.4957.1751.07
Book Value[Incl.RevalReserv]/Share (Rs.)70.4268.6163.4957.1751.07
Revenue From Operations / Share (Rs.)57.2646.5445.8843.4138.05
PBDIT / Share (Rs.)11.9615.7615.6714.1512.50
PBIT / Share (Rs.)8.8412.9313.9112.7111.10
PBT / Share (Rs.)6.9911.5612.7612.0710.79
Net Profit / Share (Rs.)4.878.329.418.888.53
NP After MI And SOA / Share (Rs.)4.908.349.438.888.44
PBDIT Margin (%)20.8933.8634.1632.5932.84
PBIT Margin (%)15.4327.7830.3229.2729.17
PBT Margin (%)12.2024.8327.8227.8028.34
Net Profit Margin (%)8.5017.8720.5120.4422.40
NP After MI And SOA Margin (%)8.5517.9220.5420.4622.17
Return on Networth / Equity (%)6.9512.1514.8415.5316.52
Return on Capital Employeed (%)7.7711.7513.1713.1012.23
Return On Assets (%)3.155.456.356.766.59
Long Term Debt / Equity (X)0.040.050.020.000.00
Total Debt / Equity (X)0.240.300.220.140.13
Asset Turnover Ratio (%)0.370.300.320.330.33
Current Ratio (X)2.282.182.092.262.17
Quick Ratio (X)0.590.640.731.010.86
Inventory Turnover Ratio (X)0.410.330.330.190.53
Dividend Payout Ratio (NP) (%)0.0038.6033.3031.0617.89
Dividend Payout Ratio (CP) (%)0.0028.8228.0626.7315.35
Earning Retention Ratio (%)0.0061.4066.7068.9482.11
Cash Earning Retention Ratio (%)0.0071.1871.9473.2784.65
Interest Coverage Ratio (X)6.4811.4813.6622.1039.57
Interest Coverage Ratio (Post Tax) (X)3.647.069.2014.8628.00
Enterprise Value (Cr.)7684.983827.493303.603376.793373.31
EV / Net Operating Revenue (X)7.164.393.844.154.73
EV / EBITDA (X)34.2912.9611.2512.7414.41
MarketCap / Net Operating Revenue (X)6.883.963.614.074.70
Retention Ratios (%)0.0061.3966.6968.9382.10
Price / BV (X)5.592.692.603.093.50
Price / Net Operating Revenue (X)6.883.963.614.074.70
EarningsYield0.010.040.050.050.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mishra Dhatu Nigam Ltd as of December 22, 2024 is: 373.48

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, Mishra Dhatu Nigam Ltd is Undervalued by 8.26% compared to the current share price 345.00

Intrinsic Value of Mishra Dhatu Nigam Ltd as of December 22, 2024 is: 347.29

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, Mishra Dhatu Nigam Ltd is Undervalued by 0.66% compared to the current share price 345.00

Last 5 Year EPS CAGR: -7.01%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.75%, which is a positive sign.
  2. The company has higher reserves (694.23 cr) compared to borrowings (185.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (640.42 cr) and profit (175.08 cr) over the years.
  1. The stock has a high average Working Capital Days of 288.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 394.17, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mishra Dhatu Nigam Ltd:
    1. Net Profit Margin: 8.5%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 7.77% (Industry Average ROCE: 22.03%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 6.95% (Industry Average ROE: 16.34%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.64
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.59
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 73.8 (Industry average Stock P/E: 73.14)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.24
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Mishra Dhatu Nigam Ltd. is a Private Limited Listed company incorporated on 20/11/1973 and has its registered office in the State of Telangana, India. Company’s Corporate Identification Number(CIN) is L14292TG1973GOI001660 and registration number is 001660. Currently Company is involved in the business activities of Manufacture of basic precious and other non-ferrous metals. Company’s Total Operating Revenue is Rs. 859.49 Cr. and Equity Capital is Rs. 187.34 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Aerospace & DefenseP O Kanchanbagh, Hyderabad Telangana 500058secretary@midhani-india.in
http://www.midhani-india.in
Management
NamePosition Held
Dr. Sanjay Kumar JhaChairman & Managing Director
Mr. Gowri Sankara Rao NaramsettiDirector - Finance & CFO
Mr. T MuthukumarDirector - Production & Marketing
Mr. V ChakrapaniIndependent Director
Mrs. V T RemaIndependent Director
Mr. Surendra Prasad YadavGovernment Nominee Director

FAQ

What is the latest intrinsic value of Mishra Dhatu Nigam Ltd?

The latest intrinsic value of Mishra Dhatu Nigam Ltd as on 22 December 2024 is ₹373.48, which is 8.26% higher than the current market price of ₹345.00. The stock has a market capitalization of 6,463 Cr. and recorded a high/low of 548/305 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,161 Cr and total liabilities of ₹2,999 Cr.

What is the Market Cap of Mishra Dhatu Nigam Ltd?

The Market Cap of Mishra Dhatu Nigam Ltd is 6,463 Cr..

What is the current Stock Price of Mishra Dhatu Nigam Ltd as on 22 December 2024?

The current stock price of Mishra Dhatu Nigam Ltd as on 22 December 2024 is 345.

What is the High / Low of Mishra Dhatu Nigam Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Mishra Dhatu Nigam Ltd stocks is 548/305.

What is the Stock P/E of Mishra Dhatu Nigam Ltd?

The Stock P/E of Mishra Dhatu Nigam Ltd is 73.8.

What is the Book Value of Mishra Dhatu Nigam Ltd?

The Book Value of Mishra Dhatu Nigam Ltd is 72.0.

What is the Dividend Yield of Mishra Dhatu Nigam Ltd?

The Dividend Yield of Mishra Dhatu Nigam Ltd is 0.41 %.

What is the ROCE of Mishra Dhatu Nigam Ltd?

The ROCE of Mishra Dhatu Nigam Ltd is 9.44 %.

What is the ROE of Mishra Dhatu Nigam Ltd?

The ROE of Mishra Dhatu Nigam Ltd is 7.00 %.

What is the Face Value of Mishra Dhatu Nigam Ltd?

The Face Value of Mishra Dhatu Nigam Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mishra Dhatu Nigam Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE