This PSU metal stock in trading hits its 52-week high after surging by 5% during today’s trading session

This PSU metal stock in trading hits its 52-week high after surging by 5% during today’s trading session

by 5paisa Research Team Last Updated: Dec 12, 2022 - 12:38 pm 14.1k Views
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The stock of Mishra Dhatu Nigam gave a return of approximately 50 per cent in just 3 months.

The share price started the day at Rs 230 and reached a new 52-week high of 247 rupees today. Today, the stock had a surge of nearly 5% in price. The total market value of the company is currently equal to Rs. 4517 crore. The number of shares traded increased by 3.53 times their previous level on BSE. Investors in the company's stock have received a return of almost fifty percent on their investment since the first of July. The price-to-earnings ratio of the company at the moment is 24.54 times. The return on equity for the company is 14.71%, and the return on capital employed is 19.4%.

Mishra Dhatu Nigam Ltd, often known as MIDHANI, is a company that produces superalloys, titanium, special purpose steel, and various other speciality metals.

In 1973, at Hyderabad, it was established as a Government of India Enterprise operating under the supervision of the Ministry of Defense. After the IPO in 2018, the government of India maintains ownership of approximately 74% of the corporation.

The product portfolio of the company includes many different kinds of high-value special steels, such as ultra-high strength steel, armour grade plates, martensitic steel, austenitic steel, and precipitation hardening steel, as well as superalloys (nickel base, iron base, and cobalt base), and many different kinds of titanium alloys. It is the only company in India that produces titanium alloys.

The company's materials and products are essentially imported equivalents that were very rarely available in the country before the company began manufacturing them.

The primary focus of the organisation is to satisfy the requirements for essential materials and alloys posed by India's important industries, which include Aeronautics, Defense, Space, and Nuclear Energy, amongst others.

The revenue for the three months ending in June was Rs 115 crore, and the operating margin was 28.7%. The company ended the year with a net profit of Rs 18 crore. Companies receivable days are 147. The operations of the PSU resulted in the generation of cash totalling Rs 52 crores. The operating margin for the company during the previous twelve months was 31.4%.

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