Mishra Dhatu Nigam announces interim dividend of ₹0.75 per share for FY25

Team FS

19/Mar/2025

What's covered under the Article:

Mishra Dhatu Nigam announces ₹0.75 interim dividend per share for FY25 with a record date of March 25.
MIDHANI's order book stands at ₹2,000 crore, with a focus on defense and aerospace sector growth.
The company targets higher production and improved margins through yield optimization in FY26.

State-owned Mishra Dhatu Nigam Ltd (MIDHANI) has announced an interim dividend of ₹0.75 per equity share, representing 7.50% of the face value of ₹10 per share for the financial year 2024-25. The company’s Board of Directors approved the decision in a meeting held on March 19, 2025. The record date for eligibility to receive the interim dividend has been set as March 25, 2025.

Strong Order Book and Revenue Growth Outlook

MIDHANI, a key player in the defense and aerospace materials sector, is witnessing strong business momentum. Chairman and Managing Director, N Gowri Sankara Rao, recently stated that the company is expecting more orders in the remaining months of FY25. Currently, the company boasts an order book of around ₹2,000 crore, reflecting its robust pipeline.

Rao emphasized that the January-March 2025 quarter (Q4FY25) is crucial, as MIDHANI typically executes 60-70% of its order book during this period. In the first nine months of FY25, the company successfully executed orders worth ₹660 crore, and it aims to execute over ₹400 crore worth of orders in the last quarter, surpassing its previous year's total turnover.

Focus on the Defense and Aerospace Sectors

For FY26, MIDHANI expects higher production orders, particularly from the Naval and Aerospace sectors. These strategic orders will contribute to the company’s turnover and market expansion. The company is actively working on improving profitability by optimizing raw material usage, focusing on yield improvement, and utilizing virgin materials.

Despite geopolitical factors impacting raw material prices, MIDHANI remains confident in sustaining growth and profitability. Stable raw material prices and better yield management will be key drivers for improved margins in the coming financial year.

Market Performance

Following the announcement, MIDHANI’s share price surged by 8.40%, closing at ₹284.60 on the BSE, reflecting strong investor confidence. The company's consistent performance and future growth prospects have attracted investor interest, positioning it as a top PSU stock to watch in 2025.

Conclusion

With a strong order book, strategic focus on defense and aerospace growth, and dividend declaration, Mishra Dhatu Nigam Ltd remains a strong contender in the PSU and defense sector space. Investors looking for dividend-paying stocks and high-growth PSU opportunities should keep an eye on MIDHANI’s upcoming order executions and FY26 performance.

For more such updates on the latest stock market news and top dividend-paying stocks, check out our Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News.

Looking for upcoming IPOs? Find the Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Disclaimer

The information provided on this website is for educational and informational purposes only and should not be considered as financial advice, investment advice, or trading recommendations.

Trading in stocks, forex, commodities, cryptocurrencies, or any other financial instruments involves high risk and may not be suitable for all investors. Prices can fluctuate rapidly, and there is a possibility of losing part or all of your invested capital.

We do not guarantee any profits, returns, or outcomes from the use of our website, services, or tools. Past performance is not indicative of future results.

You are solely responsible for your investment and trading decisions. Before making any financial commitment, it is strongly recommended to consult with a qualified financial advisor or do your own research.

By accessing or using this website, you acknowledge that you have read, understood, and agree to this disclaimer. The website owners, partners, or affiliates shall not be held liable for any direct or indirect loss or damage arising from the use of information, tools, or services provided here.

Services