Multibagger Stock Has Risen Over 200 Percent; What to Expect Further?

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 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/E28.2
Book Value₹ 237
Dividend0.76 %
ROCE38.2 %
ROE28.6 %
Face Value₹ 10.00
EPS₹ 74.8
Debt₹ 2.96 Cr.
Debt to Equity0.00

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Mazagon Dock Past Performance

Operating Profit2612632264428011,098
OPM %6%5%6%8%10%13%
Other Income 664600474420713994
Profit before tax8257586307731,4292,006
Net Profit 5174084805861,0731,509
EPS in Rs23.0820.2523.7829.0853.1974.83
Dividend Payout %19%53%30%30%30% 

Promotor Holdings

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%
No. of Shareholders1,58,9871,64,1512,02,8723,08,3723,45,328

Disclaimer: The information provided on this website is for general informational purposes only and should not be construed as financial advice, investment recommendations, or guarantees of any kind. This information is not intended as a substitute for professional financial advice. You should always seek the advice of a qualified financial advisor before making any investment or financial decisions.

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Hey, I'm Soniya Luthra (founder of, a Chartered Accountant and seasoned stock market expert with extensive experience in trading and fundamental analysis. As an active participant in the market, I'm passionate about using my expertise to provide clear, actionable insights and guidance, helping readers make informed financial decisions.

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