We are talking about Mazagon Dock share, which jumped 5% on high volumes, and already given 200% return in a year.
Mazagon Dock Shipbuilders Ltd. (MDL) delivered strong financial results in the December quarter, marked by significant growth across key metrics:
- Net profit: Surged 77% YoY to Rs 626.8 crore.
- Revenue: Jumped 30% to Rs 2,362.5 crore.
- EBITDA: Soared 82% to Rs 539 crore, with the margin improving to 22.8%.
These figures paint a picture of a company experiencing robust financial performance.
Additionally, yesterday Inaugurations of 3 Major Space Infrastructure Projects of ISRO by Shri Narendra Modi provided full support to the stock. As per the latest news, the three projects will provide world-class technical facilities for the space sector involving a cumulative cost of about ₹ 1,800 crore.
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About Mazagon Dock Shipbuilders Ltd
Mazagon Dock Shipbuilders Limited (MDL), formerly known as Mazagon Dock Limited, is a prominent Indian shipyard located in Mumbai. Established in 1934, it’s a public sector undertaking managed by the Ministry of Defence, with the Government of India holding a majority stake.
Here’s a quick overview of their operations:
Products: Warships and submarines for the Indian Navy, offshore platforms for oil drilling, tankers, cargo ships, passenger vessels, and ferries.
Significance: Premier shipbuilding yard in India, contributing to the country’s defense and maritime industry.
Recent development: Signed 24 memorandums of understanding at DefExpo 2022, focusing on collaboration for indigenous development and manufacturing of equipment for ships and submarines, aligning with the “Atma Nirbhar Bharat” (Self-reliant India) initiative.
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Mazagon Dock Fundamentals
| Market Cap | ₹ 42,639 Cr. |
| Current Price | ₹ 2,114 |
| 52-wk High | ₹ 2,492 |
| 52-wk Low | ₹ 612 |
| Stock P/E | 28.2 |
| Book Value | ₹ 237 |
| Dividend | 0.76 % |
| ROCE | 38.2 % |
| ROE | 28.6 % |
| Face Value | ₹ 10.00 |
| EPS | ₹ 74.8 |
| Debt | ₹ 2.96 Cr. |
| Debt to Equity | 0.00 |
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Mazagon Dock Past Performance
| Mar-19 | Mar-20 | Mar-21 | Mar-22 | Mar-23 | TTM | |
| Sales | 4,614 | 4,905 | 4,048 | 5,733 | 7,827 | 8,442 |
| Expenses | 4,353 | 4,642 | 3,822 | 5,291 | 7,027 | 7,343 |
| Operating Profit | 261 | 263 | 226 | 442 | 801 | 1,098 |
| OPM % | 6% | 5% | 6% | 8% | 10% | 13% |
| Other Income | 664 | 600 | 474 | 420 | 713 | 994 |
| Interest | 36 | 36 | 11 | 15 | 9 | 6 |
| Depreciation | 64 | 69 | 60 | 75 | 76 | 81 |
| Profit before tax | 825 | 758 | 630 | 773 | 1,429 | 2,006 |
| Net Profit | 517 | 408 | 480 | 586 | 1,073 | 1,509 |
| EPS in Rs | 23.08 | 20.25 | 23.78 | 29.08 | 53.19 | 74.83 |
| Dividend Payout % | 19% | 53% | 30% | 30% | 30% |
Promotor Holdings
| Dec-22 | Mar-23 | Jun-23 | Sep-23 | Dec-23 | |
| Promoters | 84.83% | 84.83% | 84.83% | 84.83% | 84.83% |
| FIIs | 3.29% | 3.29% | 3.29% | 3.69% | 3.32% |
| DIIs | 0.26% | 0.30% | 0.56% | 0.39% | 0.43% |
| Public | 11.62% | 11.57% | 11.31% | 11.10% | 11.42% |
| No. of Shareholders | 1,58,987 | 1,64,151 | 2,02,872 | 3,08,372 | 3,45,328 |
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