Mishra Dhatu Nigam Reports Record FY Performance, Recommends Final Dividend of ₹1.25 per Share

Mishra Dhatu Nigam Reports Record FY Performance, Recommends Final Dividend of ₹1.25 per Share​

Mishra Dhatu Nigam Limited (MIDHANI) announced robust financial results for the financial year ending March 31, 2026, reporting record-breaking turnover and profit growth across both standalone and consolidated segments. The company has recommended a final dividend of ₹1.25 per equity share for shareholders to approve at the ensuing Annual General Meeting.

The performance highlights demonstrate consistent operational excellence in high-value defence and aerospace materials manufacturing. During the fourth quarter of FY 2025-26, turnover reached ₹552.75 Cr, marking a growth of 34.63% against the corresponding quarter of the previous year (FY 2024-25). The Value of Production (VoP) for the same period stood at ₹392.19 Cr, showing a 19.15% increase from FY 2024-25.

For the full financial year FY 2025-26, MIDHANI achieved its highest ever turnover of ₹1,208.63 Cr, which is a 12.52% growth compared to the previous fiscal year (FY 2024-25). The company's Profit Before Tax (PBT) for FY 2025-26 was ₹184.09 Cr, registering an increase of 17.98%, and the Profit After Tax (PAT) stood at ₹130.79 Cr, a growth of 18.82% against FY 2024-25.

Dividend and Financial Status​

The Board of Directors of MIDHANI recommended a Final Dividend of ₹1.25 per equity share for the financial year ended March 31, 2026. This recommendation follows an Interim Dividend of ₹0.85 per equity share approved on March 13, 2026. The total dividend for the financial year 2025-26 amounts to ₹2.10 per equity share.

The company maintained a sound financial structure as at March 31, 2026:

• Total Assets: ₹3,22,130.24 Lakh (Consolidated)
• Total Equity and Liabilities: ₹3,22,130.24 Lakh (Consolidated)

Key Financial Metrics Summary (FY ending March 31, 2026)​

The following table provides a comparative look at key financial metrics for the full year FY 2025-26:

Financial Results Details​

MIDHANI’s financial results for the quarter and full year reflect strong operational efficiency across manufacturing processes. The company continues to maintain a deep commitment to indigenous capability, evidenced by its advanced product development in niche end user segments including Defence and Aerospace.

Consolidated earnings per share (EPS) stood at 7.02 for the period ending March 31, 2026.

Major Business Highlights and Achievements​

The company highlighted several major achievements in FY 2025-26:

• Advanced Manufacturing: MIDHANI secured the NADCAP certification for Heat Treatment, underscoring its commitment to high standards in aerospace materials.
• Product Innovation: The firm developed a single crystal superalloy blade material for Aero Engines and delivered titanium alloy rings and tubes used for Naval applications.
• National Contribution: The company supplied approximately 90 tons of Armour Grade steel for the Presidential Dais, demonstrating specialized capability under tight deadlines.
• Market Firsts: MIDHANI became India's first organization to deliver titanium for architectural purposes by supplying 31 titanium windows at a religious site in Ayodhya.

Balance Sheet and Cash Flow Snapshot​

As per the audited balance sheet data, the company’s focus on long-term financial health remains clear. The total non-current liabilities stood at ₹84,836.84 Lakh for both consolidated and standalone entities as of March 31, 2026. Financial assets including investments amounted to a substantial amount in the low millions (in lakh).

Cash flows from operating activities were reported positively across all monitored periods, demonstrating strong cash generation ability relative to working capital adjustments and statutory tax payments. Cash and cash equivalents stood at ₹3,208.90 Lakh as of the reporting date.

MIDHANI Stock Price Movement​

Mishra Dhatu Nigam Limited shares closed today after shedding 3.05% from the previous close, settling at ₹422.05.The stock saw heavy trading during the session and finished near the day's low of ₹420.2, having ranged between ₹420.2 and ₹439.6.