Mishra Dhatu Nigam Board Approves ₹0.75 Per Share Interim Dividend for FY25

State-owned Mishra Dhatu Nigam Ltd (MIDHANI) has announced an interim dividend of ₹0.75 per equity share, representing 7.50% of the face value of ₹10 per share for the financial year 2024-25.

The decision was approved by the company’s Board of Directors in a meeting held on March 19. The record date for determining eligible shareholders has been set as March 25, 2025.

Strong Order Book and Execution Outlook

MIDHANI’s Chairman and Managing Director, N Gowri Sankara Rao, has expressed optimism about the company’s performance in the remaining months of FY25. As of February 2025, the company’s order book stood at approximately ₹2,000 crore, with expectations of securing more orders before the fiscal year ends.

Rao highlighted that the January-March 2025 quarter (Q4FY25) is crucial, as MIDHANI typically executes 60-70% of its total order book during this period. The company has already completed ₹660 crore worth of orders in the first nine months of FY25 and expects to execute over ₹400 crore in the current quarter. With this momentum, MIDHANI aims to surpass last year’s total turnover.

Growth Projections for FY26

Looking ahead to FY26, Rao anticipates an increase in production orders, particularly from the Naval and Aerospace sectors, which is expected to drive higher turnover. Despite stabilising raw material prices, geopolitical factors continue to keep costs elevated compared to the previous year.

To enhance profitability, MIDHANI is focusing on optimising material usage through virgin materials, plant reverse usage, and yield improvement strategies. Higher yield directly contributes to better margins, strengthening the company’s financial performance in the upcoming fiscal year.

Stock Performance 

On March 19, 2025, Mishra Dhatu Nigam share price ended 8.40% higher at ₹284.60. Mishra Dhatu Nigam’s share price reached a 52-week high of ₹541, and a 52-week low of ₹226.60. As per BSE, the total traded volume for the stock stood at 1.58 lakh shares with a turnover of ₹4.44 crores.

At the current price, Mishra Dhatu Nigam shares are trading at a price-to-earnings (P/E) ratio of 53.20x, based on its trailing 12-month earnings per share (EPS) of ₹5.35, and a price-to-book (P/B) ratio of 3.95, according to exchange data.

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