Mishra Dhatu Nigam Limited (MIDHANI), a Government of India Enterprise, has announced a significant new order worth Rs. 136.00 crore, further strengthening its market position in the metallurgical sector.

Order Details and Financial Impact

The company disclosed this development in a regulatory filing to the BSE Limited and National Stock Exchange of India Limited. With the addition of this new order, MIDHANI's total open order position has reached an impressive Rs. 1,983.00 crore, showcasing the company's robust business pipeline and market demand for its products.

Company Communication

Paul Antony, Company Secretary & Compliance Officer of MIDHANI, communicated this information to the stock exchanges in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The disclosure ensures transparency and keeps investors informed about significant business developments.

About MIDHANI

Mishra Dhatu Nigam Limited, headquartered in Hyderabad, Telangana, is a specialized metals and metal alloys manufacturer. As a public sector undertaking under the Ministry of Defence, MIDHANI plays a crucial role in supporting India's strategic sectors, including defence, aerospace, and energy.

Market Implications

This substantial order intake demonstrates MIDHANI's continued relevance and competitiveness in the specialty metals market. The growing order book may potentially translate into improved revenue and profitability for the company in the coming quarters, subject to successful execution of these orders.

Investors and market analysts will likely keep a close watch on MIDHANI's performance in fulfilling this expanded order book and its impact on the company's financial metrics in future reporting periods.

Mishra Dhatu Nigam Limited (MIDHANI), a leading manufacturer of special steels, super alloys, and titanium alloys, has reported a robust performance for the first quarter of fiscal year 2026, with significant improvements across key financial metrics.

Strong Financial Performance

The company's turnover for Q1 FY2026 reached Rs 170.50 crores, marking a 4.31% growth compared to Rs 163.45 crores in the same quarter last year. MIDHANI's value of production stood at Rs 241.29 crores, reflecting a healthy growth of 14.47% over the previous year's Rs 210.79 crores.

Profitability saw substantial improvements:

• EBITDA grew by 32.86% to Rs 41.28 crores
• Profit before tax surged by 112.50% to Rs 19.00 crores
• Profit after tax jumped by 150.49% to Rs 12.80 crores

The company's EBITDA margin for Q1 stood at an impressive 24.22%, and management expects to maintain EBITDA margins between 23-25% for the fiscal year.

Robust Order Book and Revenue Outlook

MIDHANI's order book position remains strong at Rs 1,827.00 crores as of July 1, 2025. The company expects additional orders worth Rs 701.00 crores in Q2, further strengthening its position.

Dr. S.V.S. Narayana Murty, Chairman and Managing Director of MIDHANI, stated, "We are targeting revenue of Rs 1,300-1,500 crores for the fiscal year 2026. With our current order book and expected new orders, we are confident of achieving our goals."

Sector-wise Order Composition

The company's order book comprises:

Approximately 80% of the order book is related to defense projects, while the remaining 20% comes from space, energy, and other sectors, including exports.

Strategic Focus and Future Outlook

MIDHANI is actively working on expanding its product portfolio and improving its manufacturing capabilities. The company is establishing powder manufacturing facilities for additive manufacturing applications, which is expected to cater to the growing demand for strategic alloy powders in the country.

Dr. Murty emphasized the company's long-term vision, stating, "We are expecting to reach a turnover of around Rs 2,000 crores in about five years, from the current level of approximately Rs 1,100 crores."

Challenges and Opportunities

While MIDHANI faces challenges in the global supply chain, particularly for imported raw materials, the company is exploring ways to develop domestic sources for some of these materials. The management highlighted that about 75-80% of their raw materials are currently imported.

Despite these challenges, MIDHANI sees significant opportunities in the strategic materials sector. The company is well-positioned to benefit from India's push towards self-reliance in defense and aerospace sectors.

As Mishra Dhatu Nigam continues to strengthen its role in strategic sectors and expand its capabilities, it remains committed to supporting the nation's strategic needs while enhancing shareholder value.