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Business Standard
29-05-2025
- Business
- Business Standard
This Miniratna defence PSU share price is up 6% in trade today; here's why
Mishra Dhatu Nigam share price: State-owned Mishra Dhatu Nigam Limited (MIDHANI) shares were in demand on Thursday, May 29, 2025, with the scrip rising as much as 6.27 per cent to hit an intraday high of ₹444 per share. At 10:40 AM, Mishra Dhatu Nigam share was off day's high, and was trading 3.40 per cent higher at ₹432 per share. In comparison, BSE Sensex was trading flat with a positive bias at 81,366.01 levels. Why did Mishra Dhatu Nigam share price rise in trade today? Mishra Dhatu Nigam share price rose after the company posted healthy results in the March quarter of financial year 2025 (Q4FY25) results. In a statement, the company announced its highest-ever quarterly turnover of approximately ₹410.56 crore in Q4FY25, marking a 1.25 per cent increase from ₹405.50 crore reported in the same quarter last year. The Value of Production (VoP) for the quarter stood at around ₹329.16 crore, up 16.78 per cent from ₹281.87 crore in the corresponding period of the previous year. The company's Profit Before Tax (PBT) came in at ₹77.16 crore, registering a 19.31 per cent growth from ₹64.67 crore in Q4FY24. Profit After Tax (PAT) also rose 21.04 per cent to ₹56.14 crore compared to ₹46.38 crore in the year-ago quarter. For the full financial year FY25, Mishra Dhatu Nigam recorded its highest-ever annual turnover at approximately ₹1,074.10 crore, a slight increase of 0.13 per cent from ₹1,072.67 crore in FY24. However, the annual Value of Production declined to ₹1,065.62 crore from ₹1,147.64 crore in the previous year. Despite this, earnings before interest, tax, depreciation and amortisation (Ebitda) for FY25 improved 11.10 per cent to ₹248.97 crore from ₹224.09 crore in FY24. Annual Profit Before Tax rose 19.15 per cent year-on-year (Y-o-Y) to ₹156.04 crore, while Profit After Tax grew 20.61 per cent to ₹110.07 crore, compared to ₹130.96 crore and ₹91.26 crore, respectively, in FY24. As of April 15, 2025, the company's order book stood at approximately ₹1,832 crore. About Mishra Dhatu Nigam Mishra Dhatu Nigam Limited (MIDHANI), established in 1973 under the Ministry of Defence, Government of India, is a premier manufacturer of high-performance materials for strategic sectors. Commissioned in 1982, its Hyderabad production unit was set up to ensure self-reliance in the supply of critical materials like superalloys, special steels, soft magnetic alloys, and titanium alloys—essential for Defence, Space, Aeronautics, and Energy applications. With nearly five decades of expertise, MIDHANI has grown into a key player in the production of special metals and alloys, including being the sole producer of titanium alloys in India. Its advanced manufacturing facilities support a wide range of complex requirements, making MIDHANI a vital contributor to national strategic programmes and a strong contender in global markets.
Mint
21-05-2025
- Business
- Mint
Miniratna PSU stock Mishra Dhatu Nigam declares date to announce Q4 results 2025
Miniratna PSU stock Mishra Dhatu Nigam (MIDHANI), a Government of India enterprise under the Ministry of Defence, has announced that its Board of Directors will meet on Wednesday, May 28, 2025, to consider and approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2025 (Q4 and FY25). The company informed stock exchanges—BSE Limited and the National Stock Exchange of India (NSE)—about the scheduled board meeting in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In the regulatory filing, MIDHANI also noted that in continuation of its earlier communication, the company's trading window closure will remain in effect until 48 hours after the declaration of financial results. This is in line with its internal Code of Conduct to Regulate, Monitor, and Report Trading by Designated Persons. The trading window restrictions aim to prevent insider trading and ensure compliance with SEBI regulations as the company prepares to disclose its financial performance. For the December 2024 quarter (Q3FY25), MIDHANI posted a strong performance with net profit surging 99.38 percent year-on-year (YoY) to ₹ 25.52 crore, driven by improved operational efficiencies. EBITDA grew 46 percent YoY to ₹ 59.72 crore, though revenue from operations dipped 5.13 percent YoY to ₹ 245.24 crore, highlighting the benefits of cost management and higher recycling efficiency. Brokerage firm ICICI Securities noted that MIDHANI's Q3 performance stood out due to cost controls, operational leverage, and a visible pickup in exports. Despite a 13 percent YoY decline in value of production (VoP), the company maintained a robust order book of ₹ 19,400 crore, translating to a book-to-bill ratio of 1.8x on a trailing twelve-month basis. ICICI Securities also sees future growth being driven by the ramp-up of MIDHANI's newly commissioned 500 tonnes per annum Vacuum Arc Remelting (VAR) facility, alongside a continued emphasis on cost rationalisation and inventory efficiency. Factoring in the risks from volatility in currently low imported raw material prices, the brokerage has moderated its valuation multiple to 17x FY27E earnings, arriving at a revised target price of ₹ 375, and upgraded the stock to a 'Buy' rating. In intra-day deals today, the PSU stock advanced 2 percent to its day's high of ₹ 405. Currently, the defense stock is 25 percent away from its 52-week high of ₹ 541.00, hit in July 2024. Meanwhile, it has jumped 86.5 percent from its 52-week low of ₹ 217.05, hit in April 2025. In the last 1 year, the scrip has shed almost 17 percent. Moreover, just in May, it had rallied 30 percent following a 13 percent surge in April and 12 percent gain in March. Before that, it lost 26 percent in February and almost 3 percent in January. Hyderabad-based Mishra Dhatu Nigam Limited (MIDHANI), incorporated in 1973, is a Mini-Ratna public sector enterprise under the Ministry of Defence. The company specialises in manufacturing high-performance materials such as special steels, superalloys, and titanium alloys. These critical products cater to high-value, strategic sectors including defence, space, and power. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hindustan Times
29-04-2025
- General
- Hindustan Times
Ram Mandir spire now sports 42-foot flagpole
Sri Ram Janmabhoomi Tirath Kshetra Trust installed a 42-foot flagpole on the main spire of the Ram Janmabhoomi temple, on Tuesday. The installation process began at 6:30 am and was completed by 8 am. Champat Rai, the general secretary of the Trust shared photographs of the event. Meanwhile, the idol installation ceremony of Ram Darbar on the temple's first floor, will now take place next month. It was scheduled to be held on Akshaya Tritiya on Wednesday. According to the Trust, the ceremony has been delayed due to some defect in idols of the Ram Darbar. The trust will make elaborate arrangements for the Pran Pratishtha of Ram Darbar, which is scheduled for June. The Ram Darbar will feature four-and-a-half-foot tall marble idols of Mata Sita, Lord Hanuman, Lord Ram and his brothers Bharat, Lakshman and Shatrughan. The idols have been carved from white Makrana marble in Rajasthan, said Anil Mishra, a member of the trust. To maintain the site's sanctity, only a limited number of devotees will be allowed access to the temple's first floor. The second floor of the temple will feature a display of the Ramayan in multiple languages, including its oldest known version. In August last year, the trust also received a Ram Darbar made of Titanium from Mishra Dhatu Nigam Limited (MIDHANI). It will be placed in the sanctum sanctorum on the first floor of the Ram Mandir in Ayodhya. MIDHANI is an enterprise of the Union defence ministry. 'On the auspicious occasion of Akshaya Tritiya the Ram Darbar was to be ceremoniously placed in the sanctum sanctorum on the first floor. But the ceremony has now been postponed for next month,' said the trust. Ram Mandir to be completed by June 5: Nripendra Mishra Asian News International letters@ New Delhi Nripendra Mishra, chairman of the construction committee of Shri Ram Janmabhoomi Teerth Kshetra Trust, said on Tuesday that the Ram Mandir construction will be completed by June 5 this year. Mishra emphasised that 99% of the construction work had been completed. 'Today, the Dhwajdand (temple flagpole) has been installed atop the shikhar, which is essentially a symbolic declaration that the work on the shikhar is now complete. The overall construction of the temple is now nearly finished,' Mishra said. 'The installation of the Ram Darbar on the first floor will take place on May 23. Following this, there will be some associated religious ceremonies. On June 5, Lord Ram will be ceremoniously enshrined according to our faith and rituals,' Mishra said. He said that the Prime Minister had given special importance to seven temples to be built for the sages and devotees who were associated with Lord Ram. 'These seven temples are also now complete. The temples of Maharishi Valmiki, Shri Vashisht ji, Vishwamitra ji, Ahilya ji, Nishadraj Maharaj, Shabari Mata, and Agastya Muni located within the temple premises will also be opened to the public after June 5,' Mishra said.
