BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Mishra Dhatu Nigam Ltd. is a leading manufacturer of special steel, super alloys and titanium alloys catering to niche end-user segments like space, defence, etc.
The wide plate mill of Midhani is currently under trial runs. Revenue from wide plate mill is expected to improve in coming quarters. Once the wide plate mill is fully ramped up, it is expected to generate revenue to the tune of ~Rs 500 crore.
The Rs 500 crore annual revenue run rate from the wide plate mill is expected to be reached in FY24E once the entire product range is established.
Midhani is targeting a topline of ~ Rs 1000 crore for FY23. The company is currently seeing good potential from the space segment. Of the order book position of ~Rs 1501 crore as on Oct 01, 2022, ~55% is from defence, ~35% from space and balance ~10% is from others.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.