Mishra Dhatu Nigam Ltd

Midhani’s Growth Trajectory: Strong Order Book, Expansion Plans & Key Projects 🚀

- Order book as of October 1, 2025: ₹1,869 crores, ensuring strong visibility for FY '25-'26 and beyond.

- Developing a metal powder plant for additive manufacturing, targeting the 3D printing industry.

- Long-term capex plans underway to boost production capacity and meet future demand.

- Targeting 10% YoY growth, with potential for higher figures as infrastructure plans materialize.

- Exports: ₹95 crores last year, aiming for ₹100-150 crores annually.

- Signed MoU for a metal bank to secure critical raw materials.

- ABHED bulletproof jacket MoU signed (DRDO & IIT Delhi collaboration).

- Involved in Kaveri engine program and ISRO’s Gaganyaan mission.

- Q2 FY '25-'26 turnover: ₹209.73 crores (down from ₹262.12 crores YoY).

- First-half turnover: ₹380.22 crores (vs. ₹425.57 crores YoY).

- Value of Production (VoP) in Q2: ₹256.38 crores; first-half VoP growth: 3.9% to ₹497.67 crores.

- Q2 PBT: ₹19.13 crores; first-half PBT: ₹38.12 crores.

- Q2 PAT: ₹12.77 crores; first-half PAT: ₹25.58 crores.

- First-half EBITDA margin: 21.82%; PAT margin: 6.73%.