BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Mishra Dhatu Nigam Ltd.'s management guided for 20% plus top-line growth in FY22E with possible order inflow of more than Rs 10 billion.
The commissioning of the wide plate mill opens up new revenue opportunity for Midhani.
Management expects that as ~Rs 6 billion of capital work in progress gets commercially commissioned, FY24E revenue can potentially reach Rs 20 billion plus.
Commissioning of the wide plate mill will lead to buildup of inventory over H2 FY22.
There are strong tailwinds in defence and aerospace ordering which will continue to tilt execution towards the same.
We expect revenue, Ebitda and profit after tax compound annual growth rate of ~20% over FY21-23E
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