Mishra Dhatu Nigam is a Hyderabad based manufacturer of special steel catering to the niche end-user segment. The company has been servicing the requirement of core strategic sectors like defence, railways, power, and nuclear for nearly three decades.
Its order book as of January 1 stood at around Rs 1,600 crore and the current order inflow is mainly coming from the defence sector. It has signed an MoU with Hindustan Aeronautics to develop and produce composite material which will give further fillip to their order book position.
The company is expected to see growth in revenues and profitability to be higher on the back of healthy order book and competition of the majority of capex by June 2021.
In the special segment ‘Moneycontrol Pro Ideas For Profit’, moneycontrol.com’s Nandish Shah gets details on how the stock is expected to perform going forward.Watch the video for more