Mishra Dhatu Nigam Records Highest Turnover, Approves Final Dividend for FY 2025-26
Mishra Dhatu Nigam Limited (MIDHANI), a Mini-Ratna Category-I Government of India Enterprise, announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported record quarterly and annual turnover, highlighting its leadership position in manufacturing critical defense and aerospace alloys. The Board of Directors also recommended a final dividend for the financial year.In a key development, the company announced a final dividend of Rs. 1.25 per equity share, representing 12.5% of the Rs. 10 face value, for the financial year ended March 31, 2026.
Financial Highlights for FY 2025-26
MIDHANI reported significant growth across key financial metrics for the fiscal year 2025-26.The company achieved its highest ever annual turnover of ₹ 1,208.63 Crore, registering a growth of 12.52% compared to the turnover of ₹ 1,074.10 Crore recorded in the previous fiscal year. Profit After Tax (PAT) reached ₹ 130.79 Crore, marking an 18.82% increase year-over-year.
For the fourth quarter of FY 2025-26, the quarterly turnover hit ₹ 552.75 Crore, representing a 34.63% growth compared to the ₹ 410.56 Crore recorded in the corresponding quarter of the previous year.
Key financial figures for the period are presented below:
| Metric | FY 2025-26 | Growth % | Previous FY 2024-25 |
|---|---|---|---|
| Total Turnover | ₹ 1,208.63 Cr | 12.52% | ₹ 1,074.10 Cr |
| Value of Production (VoP) | ₹ 1,193.92 Cr | 12.04% | ₹ 1,065.62 Cr |
| Profit Before Tax (PBT) | ₹ 184.09 Cr | 17.98% | ₹ 156.04 Cr |
| Profit After Tax (PAT) | ₹ 130.79 Cr | 18.82% | ₹ 110.07 Cr |
| EBITDA | ₹ 275.59 Cr | 10.69% | ₹ 248.97 Cr |
The order book position of the company stood at ₹ 2,290.00 Crore as of April 1, 2026.
Operational and Strategic Milestones
MIDHANI, which functions as the leading manufacturer of Titanium alloys, Special Steels, and Superalloys in India, also highlighted several operational achievements.The company reached its highest ever production of 700T of titanium alloy, nearly doubling the quantity produced in the previous year. The annual results underscore the company's continuous growth and operational scaling in niche sectors of the defense and energy industries.
The company also noted its role in supporting national infrastructure, including supplying 31 titanium windows for the Ram Mandir Project at Ayodhya and supplying more than 700 rolled rings of Super Alloy & Titanium Alloy for Aero Engines.
The financial statements provide comprehensive details on the company's assets and liabilities, with total assets reaching ₹ 3,22,130.24 (in lakhs) and total equity and liabilities matching this figure as of March 31, 2026.
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Source: Details are based on the financial results, press release, and board outcome provided by Mishra Dhatu Nigam Limited.
MIDHANI Stock Price Movement
As of 3:19 PM, shares of Mishra Dhatu Nigam Limited are slipping by 0.95% in live trading, currently trading at ₹412.5. The movement occurred amidst steady market activity, with the stock seeing total traded volume reaching 629,885 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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