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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mishra Dhatu Nigam Ltd

About the Company - Mishra Dhatu Nigam Ltd

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

Basic Stock Data of Mishra Dhatu Nigam Ltd

Last Updated: June 17, 2024, 8:22 pm

Market Cap 8,572 Cr.
Current Price 458
High / Low548/269
Stock P/E93.9
Book Value 70.4
Dividend Yield0.73 %
ROCE9.39 %
ROE7.00 %
Face Value 10.0
PEG Ratio-13.39

Competitors of Mishra Dhatu Nigam Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hindustan Aeronautics Ltd 3,59,165 Cr. 5,3725,586/1,76847.3 4340.51 %38.9 %28.9 % 5.00
Paras Defence and Space Technologies Ltd 5,421 Cr. 1,3901,528/604158 1150.00 %10.8 %7.96 % 10.0
DCX Systems Ltd 4,154 Cr. 373393/23561.0 1000.00 %9.25 %8.08 % 2.00
Zen Technologies Ltd 8,475 Cr. 1,0081,130/38566.4 53.90.02 %47.3 %33.1 % 1.00
Data Patterns (India) Ltd 16,712 Cr. 2,9933,444/1,73592.0 2370.22 %20.1 %14.6 % 2.00
Industry Average78,785.40 Cr2,227.2084.94187.980.15%25.27%18.53%4.00

Mishra Dhatu Nigam Ltd Quarterly Results

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: June 7, 2024, 9:09 am

Mishra Dhatu Nigam Ltd Quarterly Chart

Mishra Dhatu Nigam Ltd Profit & Loss

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%

Mishra Dhatu Nigam Ltd Profit & Loss Yearly Chart

Mishra Dhatu Nigam Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:9%
3 Years:10%
TTM:23%
Compounded Profit Growth
10 Years:1%
5 Years:-7%
3 Years:-18%
TTM:-41%
Stock Price CAGR
10 Years:%
5 Years:30%
3 Years:31%
1 Year:64%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:12%
Last Year:7%

Last Updated: June 18, 2024, 8:42 am

Mishra Dhatu Nigam Ltd Balance Sheet

MonthMar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital146187187187187187187187187187187187
Reserves1652583534325176026477718851,0031,0991,132
Borrowings445759132193107134160360489498
Other Liabilities4778495644883754838831,3061,2281,2301,0891,292
Total Liabilities8321,3501,1631,1211,1011,3651,8252,3982,4612,7812,8643,109
Fixed Assets371152442633273444254414299381,0161,004
CWIP16118976651754055491328088
Investments22222222222222222
Other Assets7781,1159078497659541,2231,5301,4611,6881,7461,995
Total Assets8321,3501,1631,1211,1011,3651,8252,3982,4612,7812,8643,109

Mishra Dhatu Nigam Ltd Reserves and Borrowings Chart

Mishra Dhatu Nigam Ltd Cash Flow

MonthMar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 119202962041765-35
Cash from Investing Activity -65-78-205-195-115-68-3
Cash from Financing Activity -4325-78-13-373943
Net Cash Flow12-3313-424-244

Mishra Dhatu Nigam Ltd Financial Efficiency Indicators

MonthMar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days108160124106136228181152173130132
Inventory Days8758867043722777499842,7841,3812,0882,745
Days Payable1151901586889299248394148336357
Cash Conversion Cycle8688576704103246789162,5421,4071,8822,520
Working Capital Days61241167144134194277430393453531
ROCE %26%27%28%25%22%21%21%19%15%

Mishra Dhatu Nigam Ltd Financial Efficiency Indicators Chart

Mishra Dhatu Nigam Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
FIIs0.24%0.20%0.25%0.31%0.51%0.52%0.52%0.58%0.95%1.19%0.96%1.07%
DIIs14.19%13.66%14.27%14.74%14.59%15.57%13.76%13.82%13.11%12.48%11.84%11.04%
Public11.57%12.14%11.48%10.95%10.91%9.90%11.71%11.61%11.93%12.33%13.20%13.88%
No. of Shareholders90,14693,75487,55386,50585,59978,81381,20182,46378,58893,6311,01,8081,23,007

Mishra Dhatu Nigam Ltd Shareholding Pattern Chart

No. of Mishra Dhatu Nigam Ltd Shareholders

Mishra Dhatu Nigam Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan13,431,6280.74503.7563,3162024-06-2421113.64%
Nippon India Small Cap Fund1,498,6860.1456.2163,3162024-06-242266.99%
DSP Tiger Fund1,477,6552.0155.4263,3162024-06-242233.78%
Nippon India Power & Infra Fund775,0000.9629.0763,3162024-06-241124.02%
Nippon India Retirement Fund - Wealth Creation Scheme775,0001.0729.0763,3162024-06-241124.02%
HDFC Capital Builder Value Fund - Regular Plan718,2980.4426.9463,3162024-06-241034.47%
Taurus Ethical Fund63,3161.892.3863,3162024-06-240%
Motilal Oswal Nifty Microcap 250 Index Fund53,9130.352.0263,3162024-06-24-14.85%
Nippon India Retirement Fund - Income Generation Scheme15,0000.340.5663,3162024-06-24-76.31%
ICICI Prudential S&P BSE 500 ETF4950.010.0263,3162024-06-24-99.22%

Mishra Dhatu Nigam Ltd ROCE Trend

Mishra Dhatu Nigam Ltd EPS Trend

Mishra Dhatu Nigam Ltd 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

Mishra Dhatu Nigam Ltd Profitability Ratios (%)

Mishra Dhatu Nigam Ltd Liquidity Ratios

Mishra Dhatu Nigam Ltd Liquidity Ratios (%)

Mishra Dhatu Nigam Ltd Interest Coverage Ratios (%)

Mishra Dhatu Nigam Ltd Valuation Ratios

Fair Value

Fair Value: 466.12

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.

Undervalued: 1.77% compared to the current price 458

Intrinsic Value: 433.43

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 5.37% compared to the current price ₹458

Last 5 Year EPS CAGR: -7.01%

*Investments are subject to market risks

Strength and Weakness of Mishra Dhatu Nigam Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.55%, which is a positive sign.
  2. The company has higher reserves (655.33 cr) compared to borrowings (169.58 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 275.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 429.91, which may not be favorable.

FAQ

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

The latest fair value of Mishra Dhatu Nigam Ltd is ₹466.12.

What is the Market Cap of Mishra Dhatu Nigam Ltd?

The Market Cap of Mishra Dhatu Nigam Ltd is 8,572 Cr..

What is the current Stock Price of Mishra Dhatu Nigam Ltd as on 25 June 2024?

The current stock price of Mishra Dhatu Nigam Ltd as on 25 June 2024 is ₹458.

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

In FY 2024, the High / Low of Mishra Dhatu Nigam Ltd stocks is 548/269.

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

The Stock P/E of Mishra Dhatu Nigam Ltd is 93.9.

What is the Book Value of Mishra Dhatu Nigam Ltd?

The Book Value of Mishra Dhatu Nigam Ltd is 70.4.

What is the Dividend Yield of Mishra Dhatu Nigam Ltd?

The Dividend Yield of Mishra Dhatu Nigam Ltd is 0.73 %.

What is the ROCE of Mishra Dhatu Nigam Ltd?

The ROCE of Mishra Dhatu Nigam Ltd is 9.39 %.

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