Mishra Dhatu Nigam has a quick ratio of 0.93. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Mishra Dhatu Nigam's Quick Ratio or its related term are showing as below:
NSE:MIDHANI'
s Quick Ratio Range Over the Past 10 Years
Min: 0.59 Med: 0.9 Max: 2.1
Current: 0.93
During the past 13 years, Mishra Dhatu Nigam's highest Quick Ratio was 2.10. The lowest was 0.59. And the median was 0.90.
NSE:MIDHANI's Quick Ratio is ranked worse than 54.42% of 634
companies
in the Steel industry
Industry Median: 1.02
vs NSE:MIDHANI: 0.93
Mishra Dhatu Nigam (NSE:MIDHANI) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Mishra Dhatu Nigam Quick Ratio Related Terms
Mishra Dhatu Nigam Quick Ratio Historical Data
* Premium members only.
The historical data trend for Mishra Dhatu Nigam's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:MIDHANI vs NUE, STLD, RS: Quick Ratio Comparison
For the Steel subindustry, Mishra Dhatu Nigam's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mishra Dhatu Nigam Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Mishra Dhatu Nigam's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mishra Dhatu Nigam's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Mishra Dhatu Nigam's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mishra Dhatu Nigam (NSE:MIDHANI) has a Quick Ratio of 0.93 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Mishra Dhatu Nigam and its competitors. This is near median its historical median of 0.90. Over the past decade, Mishra Dhatu Nigam's Quick Ratio has ranged from 0.59 to 2.10. According to the industry distribution chart, Mishra Dhatu Nigam ranks #345 out of 634 companies in the Steel industry, placing it in the top 54.4%.
Is Mishra Dhatu Nigam's Quick Ratio too high?
Mishra Dhatu Nigam's current Quick Ratio of 0.93 is near median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.10. The Steel industry median Quick Ratio is 1.02. Mishra Dhatu Nigam's value of 0.93 is 8.8% below this industry median. Based on the distribution chart, Mishra Dhatu Nigam ranks #345 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Mishra Dhatu Nigam has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mishra Dhatu Nigam's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Mishra Dhatu Nigam ranks #345 out of 634 companies for Quick Ratio. This places Mishra Dhatu Nigam in the lower half of its industry. The industry median Quick Ratio is 1.02. Mishra Dhatu Nigam's value of 0.93 is 8.8% below this benchmark. Historically, Mishra Dhatu Nigam's own Quick Ratio has ranged from 0.59 to 2.10 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 1.02, Mishra Dhatu Nigam has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mishra Dhatu Nigam's current Quick Ratio of 0.93 is 8.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Mishra Dhatu Nigam and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mishra Dhatu Nigam's current Quick Ratio is 0.93, which is near median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mishra Dhatu Nigam stock overvalued right now?
Based on GuruFocus' analysis, Mishra Dhatu Nigam (NSE:MIDHANI) is currently considered Fairly Valued. The stock's GF Value™ is ₹462.98, compared to a current price of ₹435.30 — trading 6% below its estimated fair value. The current Quick Ratio is 0.93, which is near median its 10-year median of 0.90 and 8.8% below the Steel industry median of 1.02. Mishra Dhatu Nigam's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Mishra Dhatu Nigam (NSE:MIDHANI), the current Quick Ratio is 0.93 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mishra Dhatu Nigam (NSE:MIDHANI) Overvalued in 2026?
Based on GuruFocus' analysis, Mishra Dhatu Nigam stock appears to be undervalued.
The current stock price of ₹435.30 is trading 6% below its estimated GF Value™ of ₹462.98.
GuruFocus considers Mishra Dhatu Nigam to be Fairly Valued.
Key valuation signals for NSE:MIDHANI:
Quick Ratio: 0.93 (near median its 10-year median of 0.90)
GF Value™: ₹462.98 vs. price of ₹435.30 (6% below fair value)
Industry Position: 8.8% below the Steel median (#345 of 634)
No single metric tells the full story. See the NSE:MIDHANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mishra Dhatu Nigam Ltd is engaged in the business of manufacturing superalloys, titanium, special purpose steel, and other special metals. Its product portfolio includes titanium and titanium alloys, special steel, fasteners, investment castings, open-die forgings, and others. Geographically, the company caters to both Indian and international markets, of which, a majority of its revenue is derived from its business in India.
84GF Score
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