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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Mishra Dhatu Nigam Limited is an India-based company, which is engaged in the manufacturing of superalloys, titanium, special purpose steel, soft magnetic alloys and other special metals and caters to defense and other strategic sectors, such as energy, space, commercial and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, reasonably priced.
MIDHANI is scored on the commodity / cyclical framework. It keeps a healthy 10.6% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.18× reported profit. Free cash flow is worth about 0.1% of its market value.
Over the last 3 years revenue compounded at 11%/yr and profit at -6%/yr. Book value has grown 6%/yr. Return on equity is a modest 8.6%. In the latest quarter profit fell 79% versus the prior quarter.
At 54× earnings, the stock sits at the 37th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~22%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 52.72 | 20.39 | worse |
| P/B | 4.64 | 2.07 | worse |
| EV/EBITDA | 26.48 | 10.9 | worse |
| ROE | 8.58 | 18.07 | worse |
| ROCE | 7.98 | 9.84 | worse |
| ROA | 4.19 | 3.5 | better |
| Quick Ratio | 0.93 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| HAL | 35.7 | 8.1 | 22.2% |
| BEL | 45.1 | 11.0 | 24.4% |
| Solar Industries (india) | 72.0 | 21.9 | 29.5% |
11% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (11% vs -6%) — costs are rising faster than the top line.
Operating margin has compressed from 24% to 15% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line.
ROE at 9% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
-6% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 56% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (61% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 63% above earlier ones.
Profit fell 79% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 74.0% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.