Mazagon Dock Shipbuilders Ltd up by 12.80 percent | Espresso


Espresso Shot of the Day - Mazagon Dock Shipbuilders Ltd up by 12.80 percent

August 26, 2022
Espresso Shot of the Day - Mazagon Dock Shipbuilders Ltd up by 12.80 percent

MAZAGON DOCK SHIPBUILDERS LTD  353.75 (+12.80%)  BSE – INE249Z01012 | 26th August 2022

Mazagon Dock Shipbuilders Limited, Mumbai, an ISO 9001: 2015 Company is one of the leading shipbuilding yard in India. The History of Mazagon Dock dates back to 1774, when a small dry dock was constructed in Mazagon. Over the years, MDL has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy & Coast Guard. It was incorporated as a Private Limited Company in 1934. After its takeover by the Government in 1960, Mazagon Dock grew rapidly to become the premier war-shipbuilding yard in India, producing warships for the Navy and offshore structures for the Bombay High. It has grown from a single unit, small ship repair company, into a multi-unit and multi-product company, with significant rise in production, use of modern technology and sophistication of products. The company's current portfolio of designs spans a wide range of products for both domestic and overseas clients. Since 1960, MDL has built total 799 vessels including 26 warships, from advanced destroyers to missile boats and 6 submarines. 

Recent Driver

  • Mazagon Dock Shipbuilders Ltd reported quarterly Quarterly Net Profit at Rs. 224.78 crore in June 2022 up 121.24% from Rs. 101.60 crore in June 2021.
  • Mazagon Dock Shipbuilders Ltd reported net Sales at Rs 2,230.32 crore in June 2022 up 83.68% from Rs. 1,214.24 crore in June 2021.
  • “Mazagon Dock Shipbuilders Ltd is weighing plans to build a greenfield shipyard with a floating dry dock at Nhava Sheva to-overcome-capacity-constraints, top official at india’s biggest warship builder has said on June 25,2022.
  • The government is planning to sell up to 10% stake in Mazagon Dock Shipbuilders  Ltd. A proposal to this effect may soon be put in place, said a government official said on June 3,2022. The stake sale could be done through OFS.
  • Mazagon Dock Shipbuilders enter container manufacturing with maiden order for 2,500 boxes from CONCOR on May 21,2022.Each container will cost Rs 3.5 to 4 lakhs, translating into a deal worth some Rs 100 crore
  • On May 30th 2022, Company recommended a final dividend of Rs 1.63 per equity share, subject to approval of shareholders at the AGM for the financial year 2021-22 .
(Sources: BSE, Moneycontrol, Economics TImes)

Technical Force*

  • S&P BSE 500 month till date gain by 3.35%.
  • 3 months avg. NSE volume: 579,770
  • Quantity traded: 4,41,186 | Deliverable Quantity: 75,024 (17.01 %)
  • The stock price jumped by more than 70 % from a one-year low level: 224 (February 24,2022)
  • Daily RSI (14) is at overbought territory today.
  • 52-week-high: 359.30| 52-week-low: 224.00

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Some Key Ratios (Source: BSE)

Market Cap: 7,134.78 crores

PE: 10.04

OPM%: 13.89

ROE%:  21.40

Promoters holding%: 84.83

Prev. Close:  313.60

Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.