₹2,590 Cr Order Book: Defence stock in focus after receiving order worth ₹158 Cr

Synopsis :- The defence stock is in focus after securing a Rs. 158 crore order, taking the total order book to Rs. 2,590 crore, improving revenue visibility and highlighting strong demand from strategic defence and aerospace segments.

A small-cap company specializing in the manufacturing of superalloys, titanium, special purpose steel, and other advanced metals, Mishra Dhatu Nigam Limited (MIDHANI) has come into the spotlight after securing a significant new order, further strengthening its position.

With the market capitalization of Rs. 6,775.15 crore, the shares of Mishra Dhatu Nigam Limited is trading at Rs. 361.35, down by 0.19 percent from its previous day’s close price of Rs. 362 per equity share.

Work Order

Mishra Dhatu Nigam Limited (MIDHANI) has secured a new order worth Rs. 158 crore, taking its total open order book to approximately Rs. 2,590 crore as of now. The company has not disclosed further details of the order.

Financials

Mishra Dhatu Nigam Limited (MIDHANI), founded in 1973 and headquartered in Hyderabad, manufactures and sells superalloys, titanium, special steels, and other advanced metals for aerospace, defence, nuclear, power, cryogenic, and engineering industries in India and abroad. 

Its products include special steels, nickel- and cobalt-based superalloys, titanium alloys, rolled products, forgings, wires, welding consumables, fasteners, biomedical implants, and armour solutions.

A return on equity (ROE) of about 8.05 percent, a return on capital employed (ROCE) of about 10.6 percent and debt to equity ratio at 0.23 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 63.5x higher as compared to its industry P/E 62.8x.  

In Q2FY26, the company reported revenue of Rs. 210 crore, down 19.8 percent YoY from Rs. 262 crore but up sharply 23.5 percent QoQ from Rs. 170 crore. Net profit stood at Rs. 13 crore, declining 45.8 percent YoY from Rs. 24 crore but flat QoQ from Rs. 13 crore. 

Over the past five years, the company has demonstrated strong growth, achieving a revenue CAGR of 9 percent, a profit CAGR of -7 percent, and a price CAGR of 14 percent reflecting its operational performance and market confidence.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post ₹2,590 Cr Order Book: Defence stock in focus after receiving order worth ₹158 Cr appeared first on Trade Brains.