Mishra Dhatu Nigam Limited (MIDHANI) - Net Assets

Latest as of September 2025: Rs14.42 Billion INR ≈ $155.92 Million USD

Based on the latest financial reports, Mishra Dhatu Nigam Limited (MIDHANI) has net assets worth Rs14.42 Billion INR (≈ $155.92 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs29.50 Billion ≈ $319.00 Million USD) and total liabilities (Rs15.08 Billion ≈ $163.08 Million USD). 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. Check how resilient are Mishra Dhatu Nigam Limited's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs14.42 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. Also explore Mishra Dhatu Nigam Limited (MIDHANI) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Mishra Dhatu Nigam Limited (MIDHANI) market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs14.15 Billion ≈ $153.02 Million	+7.26%
2024-03-31	Rs13.19 Billion ≈ $142.66 Million	+2.63%
2023-03-31	Rs12.85 Billion ≈ $139.01 Million	+8.06%
2022-03-31	Rs11.90 Billion ≈ $128.64 Million	+11.05%
2021-03-31	Rs10.71 Billion ≈ $115.84 Million	+11.95%
2020-03-31	Rs9.57 Billion ≈ $103.47 Million	+14.62%
2019-03-31	Rs8.35 Billion ≈ $90.27 Million	+5.79%
2018-03-31	Rs7.89 Billion ≈ $85.33 Million	+12.02%
2017-03-31	Rs7.04 Billion ≈ $76.17 Million	+13.66%
2016-03-31	Rs6.20 Billion ≈ $67.01 Million	+14.74%
2015-03-31	Rs5.40 Billion ≈ $58.41 Million	+21.32%
2014-03-31	Rs4.45 Billion ≈ $48.14 Million	+9.43%
2013-03-31	Rs4.07 Billion ≈ $43.99 Million	--

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	Rs823.04 Million	5.82%
Common Stock	Rs1.87 Billion	13.24%
Other Comprehensive Income	Rs11.45 Billion	80.94%
Total Equity	Rs14.15 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
Guangdong Banbao Toy Co Ltd SHG:603398	$790.02 Million
Wuxi Xuelang Environmental Technology Co Ltd SHE:300385	$790.23 Million
Janux Therapeutics Inc NASDAQ:JANX	$790.34 Million
Qingdao Hiron Commercial Cold Chain Co Ltd SHG:603187	$790.50 Million
Hebei Huijin Electromechanical Co Ltd SHE:300368	$789.49 Million
Sify Technologies Limited NASDAQ:SIFY	$789.34 Million
Annil Co Ltd SHE:002875	$789.25 Million
HMT Limited NSE:HMT	$789.12 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	Rs1.11 Billion	+7.83%
Dividends Paid	Rs140.53 Million	-0.99%
Other Comprehensive Income	Rs11.45 Billion	+80.9%
Other Changes	Rs-11.46 Billion	-80.97%
Total Change	Rs-	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: 5.17x
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 17.96x to 5.17x 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	Rs21.71	Rs389.90	x
2014-03-31	Rs23.76	Rs389.90	x
2015-03-31	Rs28.83	Rs389.90	x
2016-03-31	Rs33.08	Rs389.90	x
2017-03-31	Rs37.60	Rs389.90	x
2018-03-31	Rs42.12	Rs389.90	x
2019-03-31	Rs44.56	Rs389.90	x
2020-03-31	Rs51.07	Rs389.90	x
2021-03-31	Rs57.18	Rs389.90	x
2022-03-31	Rs63.50	Rs389.90	x
2023-03-31	Rs68.61	Rs389.90	x
2024-03-31	Rs70.42	Rs389.90	x
2025-03-31	Rs75.39	Rs389.90	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	Rs418.42 Million
2014	18.53%	14.87%	0.41x	3.03x	Rs379.50 Million
2015	18.36%	15.32%	0.56x	2.15x	Rs451.57 Million
2016	19.26%	16.71%	0.64x	1.81x	Rs574.03 Million
2017	17.93%	16.29%	0.70x	1.56x	Rs558.79 Million
2018	16.64%	19.84%	0.48x	1.73x	Rs523.59 Million
2019	15.64%	18.37%	0.39x	2.19x	Rs470.86 Million
2020	16.53%	22.18%	0.30x	2.50x	Rs624.30 Million
2021	15.54%	20.46%	0.33x	2.30x	Rs593.09 Million
2022	14.85%	20.55%	0.31x	2.34x	Rs576.64 Million
2023	12.16%	17.92%	0.30x	2.23x	Rs277.25 Million
2024	6.96%	8.56%	0.37x	2.20x	Rs-401.35 Million
2025	7.83%	10.32%	0.37x	2.06x	Rs-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: $56,981,137
Average return on equity (ROE) among peers: 11.55%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mishra Dhatu Nigam Limited (MIDHANI)	Rs14.42 Billion	20.29%	1.05x	$789.94 Million
Ankit Metal & Power Limited (ANKITMETAL)	$4.99 Billion	10.25%	2.32x	$2.44 Million
APL Apollo Tubes Limited (APLAPOLLO)	$155.16 Million	43.49%	4.18x	$5.72 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$4.61 Billion	15.96%	1.74x	$501.93 Million
Bedmutha Industries Limited (BEDMUTHA)	$-1.62 Billion	0.00%	0.00x	$38.63 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$222.58 Million	9.47%	2.22x	$164.68 Million
Electrotherm (India) Limited (ELECTHERM)	$-10.96 Billion	0.00%	0.00x	$111.23 Million
Grand Foundry Limited (GFSTEELS)	$-32.83 Million	0.00%	0.00x	$4.07 Million
Goodluck India Limited (GOODLUCK)	$978.14 Million	20.56%	2.88x	$451.00 Million
Godawari Power And Ispat limited (GPIL)	$2.07 Billion	26.10%	1.64x	$2.08 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$152.16 Million	-10.33%	2.30x	$111.44 Million

About Mishra Dhatu Nigam Limited

NSE:MIDHANI India Steel

Market Cap

$789.94 Million

Rs73.04 Billion INR

Market Cap Rank

#10223 Global

#480 in India

Share Price

Rs389.90

Change (1 day)

-2.23%

52-Week Range

Rs270.45 - Rs463.60

All Time High

Rs531.15