Mishra Dhatu Nigam Limited
Mishra Dhatu Nigam Limited manufactures and sells super alloys, titanium, special purpose steel, and other special metals in India and internationally. The company provides special steels, including martensitic, special, austenitic, and precipitation hardening steels for use in aerospace, power generation, nuclear, defence, cryogenic, and other general engineering industries. It also offers nicke… Read more
Mishra Dhatu Nigam Limited (MIDHANI) - Net Assets
Latest net assets as of September 2025: ₹14.42 Billion INR
Based on the latest financial reports, Mishra Dhatu Nigam Limited (MIDHANI) has net assets worth ₹14.42 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹29.50 Billion) and total liabilities (₹15.08 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹14.42 Billion |
| % of Total Assets | 48.88% |
| Annual Growth Rate | 10.95% |
| 5-Year Change | 32.1% |
| 10-Year Change | 128.34% |
| Growth Volatility | 4.7 |
Mishra Dhatu Nigam Limited - Net Assets Trend (2013–2025)
This chart illustrates how Mishra Dhatu Nigam Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mishra Dhatu Nigam Limited (2013–2025)
The table below shows the annual net assets of Mishra Dhatu Nigam Limited from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹14.15 Billion | +7.26% |
| 2024-03-31 | ₹13.19 Billion | +2.63% |
| 2023-03-31 | ₹12.85 Billion | +8.06% |
| 2022-03-31 | ₹11.90 Billion | +11.05% |
| 2021-03-31 | ₹10.71 Billion | +11.95% |
| 2020-03-31 | ₹9.57 Billion | +14.62% |
| 2019-03-31 | ₹8.35 Billion | +5.79% |
| 2018-03-31 | ₹7.89 Billion | +12.02% |
| 2017-03-31 | ₹7.04 Billion | +13.66% |
| 2016-03-31 | ₹6.20 Billion | +14.74% |
| 2015-03-31 | ₹5.40 Billion | +21.32% |
| 2014-03-31 | ₹4.45 Billion | +9.43% |
| 2013-03-31 | ₹4.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mishra Dhatu Nigam Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 62.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹823.04 Million | 5.82% |
| Common Stock | ₹1.87 Billion | 13.24% |
| Other Comprehensive Income | ₹11.45 Billion | 80.94% |
| Total Equity | ₹14.15 Billion | 100.00% |
Mishra Dhatu Nigam Limited Competitors by Market Cap
The table below lists competitors of Mishra Dhatu Nigam Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fujian Tendering Co. Ltd.
SHE:301136
|
$180.34 Million |
|
TSH Resources Bhd
KLSE:9059
|
$180.35 Million |
|
FACT II Acquisition Corp. Unit
NASDAQ:FACTU
|
$180.37 Million |
|
Vátryggingafélag Íslands hf
IC:SKAGI
|
$180.45 Million |
|
CCP Contact Probe Co Ltd
TWO:6217
|
$180.23 Million |
|
Kina Securities Ltd
AU:KSL
|
$180.23 Million |
|
Guangdong Dcenti Auto-Parts Stock Ltd Co
SHG:603335
|
$180.17 Million |
|
Carlton Investments Ltd
AU:CIN
|
$180.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mishra Dhatu Nigam Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,191,634,000 to 14,149,684,000, a change of 958,050,000 (7.3%).
- Net income of 1,108,374,000 contributed positively to equity growth.
- Dividend payments of 140,526,000 reduced retained earnings.
- Other comprehensive income increased equity by 11,447,797,000.
- Other factors decreased equity by 11,457,595,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.11 Billion | +7.83% |
| Dividends Paid | ₹140.53 Million | -0.99% |
| Other Comprehensive Income | ₹11.45 Billion | +80.9% |
| Other Changes | ₹-11.46 Billion | -80.97% |
| Total Change | ₹- | 7.26% |
Book Value vs Market Value Analysis
This analysis compares Mishra Dhatu Nigam Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.73x to 4.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | ₹21.71 | ₹319.80 | x |
| 2014-03-31 | ₹23.76 | ₹319.80 | x |
| 2015-03-31 | ₹28.83 | ₹319.80 | x |
| 2016-03-31 | ₹33.08 | ₹319.80 | x |
| 2017-03-31 | ₹37.60 | ₹319.80 | x |
| 2018-03-31 | ₹42.12 | ₹319.80 | x |
| 2019-03-31 | ₹44.56 | ₹319.80 | x |
| 2020-03-31 | ₹51.07 | ₹319.80 | x |
| 2021-03-31 | ₹57.18 | ₹319.80 | x |
| 2022-03-31 | ₹63.50 | ₹319.80 | x |
| 2023-03-31 | ₹68.61 | ₹319.80 | x |
| 2024-03-31 | ₹70.42 | ₹319.80 | x |
| 2025-03-31 | ₹75.39 | ₹319.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mishra Dhatu Nigam Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.32%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.06x
- Recent ROE (7.83%) is below the historical average (15.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 20.29% | 14.89% | 0.40x | 3.40x | ₹418.42 Million |
| 2014 | 18.53% | 14.87% | 0.41x | 3.03x | ₹379.50 Million |
| 2015 | 18.36% | 15.32% | 0.56x | 2.15x | ₹451.57 Million |
| 2016 | 19.26% | 16.71% | 0.64x | 1.81x | ₹574.03 Million |
| 2017 | 17.93% | 16.29% | 0.70x | 1.56x | ₹558.79 Million |
| 2018 | 16.64% | 19.84% | 0.48x | 1.73x | ₹523.59 Million |
| 2019 | 15.64% | 18.37% | 0.39x | 2.19x | ₹470.86 Million |
| 2020 | 16.53% | 22.18% | 0.30x | 2.50x | ₹624.30 Million |
| 2021 | 15.54% | 20.46% | 0.33x | 2.30x | ₹593.09 Million |
| 2022 | 14.85% | 20.55% | 0.31x | 2.34x | ₹576.64 Million |
| 2023 | 12.16% | 17.92% | 0.30x | 2.23x | ₹277.25 Million |
| 2024 | 6.96% | 8.56% | 0.37x | 2.20x | ₹-401.35 Million |
| 2025 | 7.83% | 10.32% | 0.37x | 2.06x | ₹-306.59 Million |
Industry Comparison
This section compares Mishra Dhatu Nigam Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,077,213,375
- Average return on equity (ROE) among peers: 17.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mishra Dhatu Nigam Limited (MIDHANI) | ₹14.42 Billion | 20.29% | 1.05x | $180.30 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $-100.86 Million | 0.00% | 0.00x | $722.48K |
| APL Apollo Tubes Limited (APLAPOLLO) | $24.64 Billion | 25.12% | 0.81x | $4.04 Billion |
| Ashoka Metcast Limited (ASHOKAMET) | $23.00K | 60.87% | 7947.74x | $1.75 Million |
| Bansal Wire Industries Ltd (BANSALWIRE) | $2.83 Billion | 21.21% | 1.65x | $84.98 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $1.45 Billion | 17.08% | 3.51x | $8.02 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $1.38 Billion | 0.97% | 2.02x | $61.29 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-10.96 Billion | 0.00% | 0.00x | $31.33 Million |
| Gallantt Ispat Limited (GALLANTT) | $1.10 Billion | 27.96% | 1.96x | $327.71 Million |
| Grand Foundry Limited (GFSTEELS) | $-57.50 Million | 0.00% | 0.00x | $1.30 Million |
| Goodluck India Limited (GOODLUCK) | $490.54 Million | 25.50% | 2.98x | $163.26 Million |