Midhani Share Price Gain Over 3% After ₹136-Crore Defence Order Win

Mishra Dhatu Nigam share price (MIDHANI), a defence PSU, gained more than 3% on Tuesday after winning a contract worth ₹136 crore. This increased its total order backlog to around ₹1,983 crore, which is 1.8 times its trailing twelve months (TTM) revenue.

Strong Order Pipeline

MIDHANI has received orders worth about ₹650 crore so far in FY26 and expects inflows of nearly ₹1,500 crore for the full year. The company’s longer-term pipeline also looks strong, with opportunities in defence, space, energy, railways, and aviation.

Midhani Quarterly Results

For Q1FY26, MIDHANI reported a 145% jump in profit after tax at ₹12.96 crore versus ₹5.3 crore last year. Revenue grew 4% to ₹170.5 crore, while EBITDA rose 46% to ₹34.18 crore. Margins improved sharply to 20.05% from 14.28% last year. Finance costs dropped by 10%, though other income was slightly lower at ₹7.11 crore.

Management Outlook

Chairman and MD N. Gowri Sankara Rao has earlier highlighted that more production orders, especially from the naval and aerospace sectors, are expected in FY26, which could further boost turnover.

Also Read: Myntra Reports Over 1,674% Jump in Net Profit to ₹548.3 Crore in FY25!

Midhani Share Price Movement

On Tuesday, Midhani share price opened at ₹413.55 on the BSE, hitting a high of ₹420 and a low of ₹411.10 during the session.

Conclusion

Midhani’s new contract, strong order pipeline, and impressive Q1 performance underline its growth potential. With rising defence and aerospace opportunities, the company is well-positioned for sustained momentum in FY26.

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