On Tuesday, the small-cap stock rose 4.5 percent to its intraday high of Rs 411.90 from the previous close of Rs 393.80 after the company received the worth of Rs 357 crores.
According to the filing of Mishra Dhatu Nigam Ltd, the company has secured a significant order worth Rs. 357 crores, boosting its order book position for the current financial year FY23-24 to approximately Rs. 1100 crores.
As of today, the company’s open order position stands at Rs. 1750 crores. The details regarding the order are yet to be revealed.
According to the Mishra Dhatu Nigam Ltd report, the net revenue increased by 26 percent year over year, from Rs 180 crore in Q2FY23 to Rs 227 crore in Q2FY24. Their revenue rose by 21 percent sequentially from Rs 187 crore in Q1FY24 to the current levels.
However, the net profit decreased by 60 percent year over year, from Rs 33 crore in Q2FY23 to Rs 13 crore in Q2FY24. Their net profit fell by 27 percent sequentially from a net profit of Rs 18 crore in Q1FY24 to the current levels.
Mishra Dhatu Nigam Limited has a low debt-to-equity ratio of 0.30 with a good current ratio of 2.18 and they have a net profit margin of 18 percent.
The company’s promoters hold a 74 percent stake in the company, with 12.3 percent owned by foreign institutional investors, 1.2 percent owned by the general public, and 12.5 percent owned by domestic institutional investors.
Mishra Dhatu Nigam Ltd is a small-cap company with a market capitalization of 7,530. The share price of the company rose by 61 percent in the last six months and 80 percent in the year to date.
Mishra Dhatu Nigam Ltd (MIDHANI) is a company that produces superalloys, titanium, special-purpose steel, and other specialty metals. It was founded in 1973 as a Government of India Enterprise under the Ministry of Defence in Hyderabad.
Written by Sriram KV
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