Mishra Dhatu Nigam Limited (MIDHANI) Earnings Call Transcripts

Mishra Dhatu Nigam Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Mishra Dhatu Nigam Limited (MIDHANI) reported a record quarterly turnover of INR 552.7 crores, reflecting a 34.63% increase year-over-year. The company achieved a full-year revenue of INR 1,208.63 crores, up 12.52% from the previous year. Management indicated a strong order book of INR 2,290 crores and projected a 15% growth in top-line for FY '27, with EBITDA margins expected to range between 23% to 25%. The establishment of a metal bank to mitigate supply chain disruptions was highlighted as a key strategic initiative going forward.

Reported metrics

Guidance from management

Management maintained a target of 15% top-line growth for FY '27, with expectations of EBITDA margins between 23% to 25%. They also highlighted ongoing investments in capital expenditures to enhance production capabilities.

What management said

Yes. Yes, the CapEx we are planning around INR 1,000 crores in the coming 3 years, projects are in the stage of development, and we are putting DPS. Most likely by end of this financial year, we will remain at further clarity and CapEx projects. And we are preferring to operate through to [indiscernible] CapEx. And the balance items, we are managing through working capital requirements regularly. We are not foreseein...

No, the CapEx is basically intended for 2 major equipment on the downstream operations. So these are not specific to anything because the process goes like melt after melting it goes to downstream like forging and bar rolling or it is wire drawing all these things. So these are -- basically, for majority of the products, these equipments are used, not specific for any single product.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of growth amidst supply chain disruptions and the impact of geopolitical factors on raw material availability. There were also questions about the timeline for capital expenditure projects and their expected returns.

Main topics on the call

• Record Quarterly Turnover — MIDHANI achieved its highest ever quarterly turnover of INR 552.7 crores, a 34.63% increase from INR 410.56 crores in the same quarter last year. Management stated, "the figures are pretty good," indicating strong operat...
• Establishment of Metal Bank — To address supply chain disruptions, MIDHANI is establishing a metal bank for critical raw materials. Management noted, "we need to insulate ourselves from the supply chain disruption," which is crucial for future operat...
• Growth in Titanium Production — The company doubled its titanium production to 700 tonnes, with management stating, "we have the capacity for tightening production," indicating potential for further growth in this segment.
• Future Revenue Guidance — Management expects a 15% growth in top-line for FY '27, with a target of INR 2,000 crores in the next few years. They mentioned, "the idea is to improve our efficiency," which is essential for achieving this target.

Read the full Mishra Dhatu Nigam Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Mishra Dhatu Nigam Limited earnings call transcripts on record, spanning February 14, 2020 to August 17, 2026. Based on this history, Mishra Dhatu Nigam Limited reports quarterly. The most recent call on file is dated August 17, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MIDHANI

Exchange

NSEI

Country

IN

Sector

Materials

Industry

Metals and Mining

Calls on record

26

First call

February 14, 2020

Most recent

August 17, 2026

Reporting cadence

quarterly