MIDHANI Q1FY27: Net profit surges 23% to ₹16 cr, shares hit 52-week high

MIDHANI achieved a landmark milestone by becoming the first company in India to secure Independent and International Metallic Material Laboratory (S400) approval from GE Aerospace for a wide range of chemical, mechanical and metallurgical testing. This recognition strengthens MIDHANI's position as a trusted partner to the global aerospace industry and marks a significant step forward in India's capabilities in advanced materials and aerospace manufacturing. The company emphasized that "This prestigious recognition reflects our unwavering commitment to quality, technical excellence, and global standards in metallic material testing and qualification. We extend our sincere gratitude to GE Aerospace for their confidence and collaboration, and to our dedicated team whose expertise and commitment made this achievement possible." The achievement reinforces MIDHANI's position as a trusted partner to the global aerospace industry and marks another significant step in India's journey towards self-reliance in advanced materials.

MIDHANI shares experienced significant market enthusiasm, jumping 12% to hit a 52-week high of ₹456.60 on Thursday, August 13, following the S400 approval announcement, as reported by Business Standard. The stock surpassed its previous high of ₹455.35 touched on June 10, 2026, with trading volume jumping over seven-fold as 6.21 million equity shares changed hands on the NSE and BSE. At 2:50 PM, MIDHANI traded 8.76% higher at ₹444.25 on NSE, significantly outperforming the broader market. The stock has bounced back 31% from its 52-week low of ₹266.70 touched on March 30, 2026, reflecting strong investor confidence in the company's aerospace capabilities and growth prospects. According to NSE data, MIDHANI has a total market capitalisation of ₹8,282.30 crore as of August 13, 2026.

The timing of MIDHANI's growth prospects aligns with significant defence policy developments, as reported by The Financial Express. Defence Minister Rajnath Singh released the Delegation of Financial Powers to Defence Services 2026 on June 4, giving the Armed Forces financial powers to facilitate more than ₹1.25 lakh crore of procurement through the revenue route under current-year budget allocations. The Ministry of Defence doubled financial powers delegated for indigenisation and research and development, with the stated aim of reducing dependence on foreign equipment manufacturers. MIDHANI's order book stands at ₹2,329 crore as of July 1, 2026, with defence accounting for approximately 79% of the backlog and the company expecting to add around ₹1,500 crore of orders during FY27.

MIDHANI is pursuing significant expansion through its ₹1,000-crore capital expenditure programme planned over the next three years for downstream manufacturing equipment, as reported by The Financial Express. The company commissioned a ₹40-crore aerospace fastener facility during FY26, expecting annual revenue of ₹20-30 crore from the facility. Management has set an immediate revenue ambition of ₹2,000 crore compared to FY26's ₹1,208.63 crore, with targeted EBITDA margins of 23-25% in FY27 compared to 19.7% in FY26. According to ICICI Securities, management guided 20% YoY revenue growth for FY27E and FY28E with EBITDA margin at 23-25% (as compared to 18-20% over the last 3 years). The company is also developing materials for the Advanced Medium Combat Aircraft (AMCA) programme and has received CEMILAC certification for critical aerospace-grade materials covering eight grades and forms of superalloys, two titanium grades and four special-steel grades.