Mishra Dhatu Nigam (MIDHANI) Share Price Gains Over 3% on ₹136 Crore Contract Win

Market Performance

Mishra Dhatu Nigam (MIDHANI) share price was in focus in the stock market today as the stock jumped more than 3% during Tuesday’s trading session. The rally came after the company secured a fresh contract worth ₹136 crore, boosting investor confidence in its growth pipeline.

By mid-session, MIDHANI shares opened at ₹413.55 per share on the BSE, touched an intraday high of ₹420, and slipped to an intraday low of ₹411.10 before stabilizing.

Main News

The contract win comes at a crucial time for the state-run alloy manufacturer. With this deal, the company’s open order book now stands at around ₹1,983 crore, giving it strong revenue visibility for the near to medium term.

Order inflows so far in FY26 have already touched ₹650 crore, and the company has guided for inflows of nearly ₹1,500 crore for the entire fiscal. This momentum highlights the growing demand from sectors such as defence, aerospace, space, energy, railways, and civil aviation—all key segments where MIDHANI operates.

Company Details

The recent contract win comes on the back of a strong set of Q1FY26 results. MIDHANI posted a 145% jump in profit after tax, which stood at ₹12.96 crore, compared to ₹5.3 crore in the same quarter last year.

Here’s a quick snapshot of the company’s Q1FY26 performance:

• Revenue: ₹170.5 crore (up 4% YoY)
• EBITDA: ₹34.18 crore (up 46% YoY)
• EBITDA Margin: 20.05% (improved from 14.28% YoY)
• Net Profit (PAT): ₹12.96 crore (up 145% YoY)
• Finance Cost: ₹6.17 crore (down 10% YoY)
• Other Income: ₹7.11 crore (slightly down from ₹7.77 crore)

The performance was driven by higher operating efficiency and strong order execution, resulting in improved profitability.

Growth Outlook

Earlier this year, MIDHANI management highlighted that increasing orders from naval and aerospace industries would play a big role in driving turnover in FY26. The strong backlog and consistent inflows signal healthy demand across both domestic and export markets.

With a robust pipeline and steady order book, the company appears well-placed to capitalize on opportunities in India’s fast-expanding defence and space ecosystem.

Summary

To sum it up, Mishra Dhatu Nigam (MIDHANI) share price surged in trade today after bagging a ₹136 crore contract, pushing its order book to nearly ₹1,983 crore. The company’s Q1FY26 results further strengthened investor sentiment, with net profit soaring 145% and margins improving significantly.

Strong order inflows, an expanding pipeline, and consistent demand from strategic sectors like defence and aerospace make MIDHANI a stock that continues to remain in the spotlight in the stock market today.