MIDHANI FY26 PAT rises 18.82% to ₹130.79 Cr, dividend declared
Mishra Dhatu Nigam Limited reported a PAT of ₹130.79 Cr for FY26, up 18.82%, with a record turnover of ₹1,208.63 Cr. The Board recommended a final dividend of ₹1.25 per share. Q4 turnover reached ₹552.75 Cr, up 34.63% YoY.

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Mishra Dhatu Nigam Limited reported a Profit After Tax (PAT) of ₹130.79 Cr for the financial year ended March 31, 2026, registering a growth of 18.82% compared to the previous year. The company achieved its highest ever annual turnover of ₹1,208.63 Cr, a 12.52% increase over the prior year. The Board of Directors has recommended a final dividend of ₹1.25 per equity share, or 12.5%, subject to shareholder approval at the upcoming Annual General Meeting.
The Board, in its meeting held on May 29, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. Madhubala Kalluri, Director (Finance) & Chief Financial Officer, declared that the statutory auditors, M/S ANJANEYULU & CO., Chartered Accountants, issued an audit report with an unmodified opinion on the standalone and consolidated financial results.
Operational performance for the fourth quarter of FY26 showed significant momentum, with quarterly turnover reaching a record ₹552.75 Cr, a growth of 34.63% year-on-year. Profit After Tax for the quarter stood at ₹77.75 Cr, up 38.49% from the corresponding quarter of the previous year. The Value of Production for the full year also hit a record high of ₹1,193.92 Cr, growing by 12.04%.
Financial Performance for FY26
The company’s EBITDA for FY26 stood at ₹275.59 Cr, a growth of 10.69% compared to the previous year. Profit Before Tax (PBT) increased by 17.98% to ₹184.09 Cr. The order book position as of April 1, 2026, stood strong at ₹2,290.00 Cr, providing visibility for future revenue.
| Metric | FY26 Value | Previous Year Value | Growth (%) |
|---|---|---|---|
| Turnover | ₹1,208.63 Cr | ₹1,074.10 Cr | 12.52% |
| Value of Production | ₹1,193.92 Cr | ₹1,065.62 Cr | 12.04% |
| EBITDA | ₹275.59 Cr | ₹248.97 Cr | 10.69% |
| PBT | ₹184.09 Cr | ₹156.04 Cr | 17.98% |
| PAT | ₹130.79 Cr | ₹110.07 Cr | 18.82% |
Strategic Achievements
During the year, MIDHANI achieved its highest ever titanium alloy production of 700T, nearly doubling from the previous year. The company signed an MoU with major stakeholders to create a Metal Bank to ensure the availability of critical raw materials for Defence projects. Additionally, MIDHANI received Airworthiness Certificates for 10 alloys from CEMILAC, authorizing production for advanced aero engines, and was awarded the prestigious NADCAP certification for Heat Treatment.
Historical Stock Returns for Mishra Dhatu Nigam
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.05% | -1.31% | +2.26% | +24.06% | -6.75% | +112.73% |
How does the company plan to utilize the strong order book of ₹2,290.00 Cr to sustain the current revenue momentum into FY27?
What impact will the new Metal Bank initiative have on raw material costs and supply chain resilience for future Defence projects?
With titanium alloy production nearly doubling, what are the expected revenue contributions from this segment in the upcoming financial year?


































