StockLearn from Clustermicro · Stock Breakout ScannerStockLearn

MIDHANI (MIDHANI)

Defence & Aerospace · NSE · end-of-day 2026-10-19
Close
₹405.15
Day change
-3.46%
1-year
+2.9%
From 52-week high
-15.1%
Weinstein stage
Stage 2
Minervini template
6/8
MIDHANI closed at ₹405.15 on 2026-10-19, up 3% over the past year, 15% below its 52-week high. It meets 6 of 8 conditions of Minervini's trend template; Weinstein's stage analysis reads stage 2 - advancing; on earnings, it passes 2 of 5 SEPA checks. Over the year its annualised volatility was about 45%, with a largest fall of 31% from a peak.

About MIDHANI

Mishra Dhatu Nigam Limited manufactures specialized alloys and advanced materials for defence, aerospace, space and other strategic applications. Its products include superalloys, titanium alloys and other high-performance materials. Increasing domestic defence production, aerospace development and strategic manufacturing provide long-term opportunities. Government procurement, project timelines, raw-material availability, capacity utilization, technology requirements and regulatory conditions remain important factors.

Price, RSI and MACD

Price · +7.0% over the period
343378414449485Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
RSI (14) · 39.6
305070
MACD (12, 26, 9) · histogram -3.34
-9.8-1.56.714.923.2
Price · +4.3% over the period
258316374432489Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26Oct 26
RSI (14) · 39.6
305070
MACD (12, 26, 9) · histogram -3.34
-22.3-10.70.912.524.1
Price · +5.4% over the period
219287355423492Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26Oct 26
RSI (14) · 39.6
305070
MACD (12, 26, 9) · histogram -3.34
-23.2-8.36.521.336.1
Price · -1.4% over the period
216298380461543Feb 24Jul 24Dec 24May 25Oct 25Mar 26Aug 26
RSI (14) · 39.6
305070
MACD (12, 26, 9) · histogram -3.34
-24.2-96.121.336.5
Price: daily close adjusted for splits and bonuses, dashed line the 150-day moving average. MACD: green line, orange dashed signal, bars the histogram. Longer periods are drawn from every second or third session.

Fundamentals

Market capSales (TTM)Net profit (TTM)P/EEPS (TTM)P/BROEROE previous yearROCEDebt / equityFree cash flowEV / EBITDABeta
₹7,590 cr₹1,278 cr₹135 cr56.27.214.958.9%8.1%12.1%0.19₹105 cr28.91.40

Quarterly results

QuarterSales ₹ crNet profit ₹ crEPSEPS YoYSales YoYNet margin
Jun 2026240160.88+27.5%+40.5%6.9%
Mar 2026553784.16+38.7%+34.6%14.1%
Dec 2025276281.48+8.8%+15.8%10.0%
Sep 2025210130.69-45.7%-20.0%6.2%
Jun 2025170130.69+146.4%+4.3%7.6%
Mar 2025411563.00+21.5%+1.2%13.7%
Dec 2024238261.36+100.0%-5.6%10.7%
Sep 2024262241.27+71.6%+15.2%9.1%
Consolidated · EPS restated onto today's share count after splits and bonuses · net profit as filed.

Minervini SEPA — earnings checks 2 of 5 pass

CheckResult
Latest quarter EPS up 25%+ on a year ago✓ Pass
EPS growth accelerating over 3 quarters✗ Fail
Sales up 25%+, or sales growth accelerating✓ Pass
Annual EPS up 25%+ in each of the last 2 years✗ Fail
Net margin above the same quarter last year✗ Fail

Investor methods

MethodChecksScoreVerdict
Minervini
✓ Close above the 150- and 200-day averages
✓ 150-day above 200-day
✓ 200-day rising for a month
✓ 50-day above the 150- and 200-day
✗ Close above the 50-day
✓ At least 25% above the 52-week low · low 270.45
✓ Within 25% of the 52-week high · high 477.00
✗ RS percentile 70 or more · RS 60
Trend template - the gate, measured: a modest 21-day edge.
6/86 of 8
Weinstein
Stan Weinstein's stage analysis on the 30-week moving average.
Stage 2 - advancing
CAN SLIM
✓ C latest quarter EPS up 25%+
✗ A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held
✗ N within 15% of the 52-week high · high 477.00
✓ S more volume on up days than down days (50 sessions) · 2.16x
✗ L RS percentile 80 or more · RS 60
— I institutional sponsorship rising · shareholding not collected yet
✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45%
William O'Neil's growth-leader checklist.
3/6Average
Darvas
✓ Box top confirmed (3 sessions below the new high) · top 482.40
✓ Box bottom confirmed (3 sessions holding) · bottom 387.45
✗ Close above the box top · close 405.15
✗ Volume at least 1.5x its 50-day average · 0.3x
Nicolas Darvas's box: buy the breakout above a confirmed box after a new high.
47/100In box
Turtle
✗ Close above the prior 55-session high · 482.40
✗ Close above the prior 20-session high · 465.85
✗ Close below the prior 20-session low · 397.55
Donchian channel breakout - the Turtle traders' entry.
No signal
Greenblatt
— Earnings yield (EBITDA / EV) · 3.5%
— Return on capital (ROCE) · 12.1%
Joel Greenblatt's Magic Formula: good businesses at good prices, ranked across all companies. Earnings yield uses EBITDA, as EBIT is not held separately.
17/100Weak
Graham
✗ Price at or below the Graham number · Graham number 115.23
✗ P/E 15 or less · P/E 56.2
✗ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 4.95
✓ Current ratio 2 or more · 2.52
— 10 years of positive earnings, 20 of dividends · history not held
Benjamin Graham's defensive-investor tests.
28/100Expensive
Piotroski
✓ Profitable (ROA > 0)
✓ Operating cash flow positive
✓ ROA rising
✓ Cash flow above net profit (earnings quality)
✓ Long-term debt / assets falling
✗ Current ratio rising · 2.52
✓ No new shares issued
✓ Margin rising (net margin)
✓ Asset turnover rising
Joseph Piotroski's F-score, FY 2025 -> 2026.
8/9Strong
Each method's own rules applied to this stock - information, not a buy or sell signal. All were tested on 2024-26 data; only the Minervini trend template showed a consistent edge.

Defence & Aerospace sector — top 10 by 1-year return

Stock1M %3M %6M %1Y %3Y %5Y %P/EP/BROE %ROCE %ROA %D/EEV/EBITDA₹ CrSales TTM ₹ CrProfit TTM ₹ CrEPSBeta
MIDHANI this stock-2.9-1.1+7.0+6.5-6.9+104.256.24.958.912.1—0.1928.97,5901,2781357.21.40
SWANDEF+6.7+29.6+59.6+338.7———6.83-123.7-7.8—0.51—15,439——-45.0—
MTARTECH-0.3+25.0+45.2+213.6+172.5+323.4165.426.8412.114.8—0.45115.822,0791,08013343.41.29
ROSSTECH+7.3+50.6+58.0+124.1——216.235.8915.211.3—2.6491.55,558552266.81.62
PARAS-7.8+4.8+61.9+79.3+240.5+181.0107.914.0512.917.3—0.0475.110,1945119611.71.37
UNIMECH+5.6+31.8+76.2+77.0——118.611.599.012.1—0.1575.28,5432857214.21.23
ASTRAMICRO-0.9-7.6+51.9+49.6+229.8+697.281.211.6816.019.8—0.2244.115,3551,14018919.90.82
IDEAFORGE-3.4-17.8+52.6+49.3-11.2——5.110.5——0.12—3,059295-20-4.51.21
DATAPATTNS-10.2+1.5+16.9+44.4+96.8—77.313.0716.723.2—0.0057.022,6901,04129352.40.98
SOLARINDS+6.7+4.1+32.8+40.9+280.4+629.490.028.5531.537.0—0.2366.21.79L11,3522,051220.10.83
AXISCADES+15.8+32.4+13.0+38.2+300.1+2363.8245.212.2710.415.6—0.3849.08,9241,099368.60.87
A blank in a return column means the stock is younger than that window. P/B and ROE come from each company's own filings where held.

Defence & Aerospace stocks of a similar size

Unimech Aerospace And Manufacturing LimitedAxiscadesParas DefenceRossell Techsys LimitedAvantel LimitedZen TechnologiesAstramicroSwan Defence And Heavy Industries Limited
The live scanner - every stock ranked, filtered by method, stage and sector, with interactive charts - is in the StockLearn app. Open the StockLearn scanner →
Prices as of 2026-10-19, end of day, from NSE. Fundamentals from each company's own exchange filings (XBRL), EPS restated for splits and bonuses. Figures may be delayed and are for information only.
For research & education only — not investment advice. The methods, checks and verdicts are automated rules applied to public data, not buy/sell recommendations. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. ClusterMicro Technologies is not a SEBI-registered investment adviser. Consult a SEBI-registered adviser before investing.