MIDHANI- Sound Financial Profile, Negligible Debt, Attractive Return Ratio: HDFC Securities Initiates Coverage

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. .HDFC Securities Retail Research.Mishra Dhatu Nigam Ltd. is under the administrative control of the Ministry of Defence's Department of Defence Production. The company manufactures a variety of super alloys, titanium and titanium alloys, special-purpose steels, controlled-expansion alloys, soft magnetic alloys, electrical-resistance alloys, molybdenum products, and other special products made as per customer specifications. The company also offers metallurgical testing, evaluation and consultancy services. Besides, Utkarsha Aluminium Dhatu Nigam Ltd. is a 50:50 joint venture promoted by MIDHANI and National Aluminium Company Ltd, to set up a 60,000 tons per annum high-end aluminium alloy production plant in the Nellore district of Andhra Pradesh. With the advancement in technology, materials such as super alloys, titanium alloys and special steels, which are the core products of MIDHANI and its applications as well, have witnessed incremental demand. Increased demand for these products from space and energy sector have resulted in increase of production over the years. Apart from this, the Government of India is promoting domestic manufacturing and export of defence and aerospace products; this could bring huge opportunity to domestic alloys and titanium manufacturers like MIDHANI..Click on the attachment to read the full report:.DISCLAIMERThis 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.

MIDHANI- Sound Financial Profile, Negligible Debt, Attractive Return Ratio: HDFC Securities Initiates Coverage

MIDHANI has established market position in manufacturing of super alloys with better operating efficiency

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