AI Summary
✦ ClarthaMishra Dhatu Nigam is a materials manufacturer supplying super alloys, titanium, special steels, and other special metals. Special steels and superalloys serve aerospace, defence, nuclear, power-generation, and engineering customers, while titanium, castings, forgings, and armour broaden product revenue. Revenue grew 12.3% year-on-year and profit 18.6%, but the provided developments offer no company-specific catalyst for reversing declining margins. ROE is 8.9%, while debt-to-equity of 26.56 indicates extreme leverage that materially magnifies financial risk without producing high returns. With earnings growth below its 62.1x P/E, the stock trades at a steep premium to growth and appears overvalued. The key open question is whether aerospace and defence demand can lift margins enough to justify this valuation.
Valuation Metrics
Trading 11.0% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +0.93). Confidence: 86%.
Live forward EPS implies next-12-month EPS of ₹12.15. Applying the stock's normalized valuation corridor produces a fair range of ₹603.13 to ₹725.72, with base value near ₹680.04 (+56.6% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹12.15
Forward P/E
35.7x
Base Fair Value
₹680.04
Fair Range
₹603.13 - ₹725.72
Upside To Base
+56.6%
Estimate Source
Live forward EPS
Growth Estimate
+38.7%
5Y Average
44.75
Current
62.11
Overvalued
59.73
Undervalued
49.64
5Y Average
25.30
Current
35.12
Overvalued
32.55
Undervalued
16.27
5Y Average
4.83
Current
5.31
Overvalued
5.56
Undervalued
4.11
Peers & Comparison
Sector: Materials · Theme: Metals - Diversified
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
ASHAPURA MINECHEM LTD ASHAPURMINMetals - Diversified | +19.2% | 7.4% | 17.8x Fair | -7% vs avg | +18.8% |
JAIN RESOURCE RECYCLING L JAINRECMetals - Diversified | +75.9% | 3.1% | 28.5x Premium | +48% vs avg | -2.8% |
NLC INDIA LIMITED NLCINDIAMetals - Diversified | -0.3% | 17.6% | 12.0x Undervalued | -38% vs avg | +22.6% |
MOIL LIMITED MOILMining - Manganese | +6.6% | 20.3% | 18.4x Fair | -4% vs avg | -12.7% |
MISHRA DHATU NIGAM LTD trades at a premium (61.2x vs peer avg 19.2x), implying higher growth or quality expectations from the Metals - Diversified cohort. Peers include ASHAPURA MINECHEM LTD, JAIN RESOURCE RECYCLING L, NLC INDIA LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹553 CrMar 2026Latest net profit
₹78 CrMar 2026Latest EPS
₹4.15Mar 2026Net margin
21.0%Mar 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 345 | 188 | 227 | 252 | 406 | 163 | 262 | 238 | 411 | 170 | 210 | 276 | 553 |
| Expenses + | 244 | 146 | 191 | 216 | 325 | 140 | 213 | 186 | 317 | 136 | 177 | 221 | 437 |
| Operating Profit | 100 | 42 | 36 | 36 | 80 | 23 | 49 | 52 | 93 | 34 | 33 | 55 | 116 |
| OPM % | 29% | 22% | 16% | 14% | 20% | 14% | 19% | 22% | 23% | 20% | 16% | 20% | 21% |
| Other Income + | 12 | 8 | 8 | 6 | 8 | 8 | 9 | 7 | 8 | 7 | 9 | 8 | 14 |
| Interest | 8 | 9 | 9 | 9 | 8 | 7 | 8 | 7 | 7 | 6 | 6 | 6 | 7 |
| Depreciation | 14 | 14 | 14 | 14 | 15 | 15 | 16 | 16 | 16 | 16 | 17 | 17 | 17 |
| Profit before tax | 90 | 27 | 21 | 19 | 65 | 9 | 34 | 36 | 77 | 19 | 19 | 39 | 107 |
| Tax % | 27% | 31% | 33% | 34% | 28% | 43% | 31% | 30% | 27% | 33% | 33% | 30% | 27% |
| Net Profit + | 66 | 19 | 14 | 12 | 46 | 5 | 24 | 25 | 56 | 13 | 13 | 27 | 78 |
| EPS in Rs | 3.53 | 0.99 | 0.74 | 0.67 | 2.48 | 0.27 | 1.26 | 1.35 | 3.00 | 0.68 | 0.68 | 1.47 | 4.15 |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).
Events Timeline
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018