DSIJ Mindshare

The Government of India still owns a 74 per cent stake in the company after its IPO in 2018. The open order position of MIDHANI as of date is Rs 1622.50 crore.

The company received one order from Pimpri Chinchwad Smart City Limited, Pune for providing end-to-end services for monetization on the revenue-sharing model. The order is worth Rs 700 crore and will be completed in 10 years.

In FY23, net sales increased by 44 per cent to Rs 2,780 crore compared to FY22. The company reported a net profit of Rs 126 crore in FY23, compared to a net loss of Rs 1 crore in FY22. The company has reduced its debt and delivered a strong profit growth of 24.1 per cent CAGR over the last 5 years.

The net sales increased by 67.64 per cent to Rs 152.56 crore and net profit increased by 25.41 per cent to Rs 20.34 crore in Q1FY24 compared to Q1FY23. In FY23, the net sales increased by 78.18 per cent to Rs 573.75 crore and net profit increased by 69.89 crore compared to FY22.

According to the annual results, the net sales increased by 38.28 per cent to Rs 2,243 crore and net profit increased by 11.11 per cent to Rs 20 crore in FY23 compared to FY22. The company has been maintaining a healthy dividend payout of 21 per cent.