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Mazagon Dock Shipbuilders Ltd

MAZDOCK

Mazagon Dock Shipbuilders Ltd

MAZDOCK
IndustrialsShipbuilding
MidcapWith a market cap of ₹83,869 cr, stock is ranked 122
High RiskStock is 4.62x as volatile as Nifty
4,193.050.83% (+34.70)
4,193.050.83% (+34.70)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsShipbuilding
MidcapWith a market cap of ₹83,869 cr, stock is ranked 122
High RiskStock is 4.62x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsShipbuilding
MidcapWith a market cap of ₹83,869 cr, stock is ranked 122
High RiskStock is 4.62x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
36.1713.43
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
49.226.880.51%

Forecast & Ratings

Detailed Forecast 
50%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

The company is engaged in the business of ship building and ship repairing. It build ships for Indian navy as well as for other commercial operators.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 15.1%, vs industry avg of 15.64%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 47.85% to 47.25%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 29.47%, vs industry avg of 25.24%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue4,888.224,296.035,035.775,231.145,463.004,621.926,143.558,514.0110,568.0510,790.65
Raw Materialssubtract2,491.631,882.032,474.852,596.762,452.521,881.912,693.074,445.855,081.647,768.66
Power & Fuel Costsubtract28.2226.0422.6219.2616.5211.3717.7319.1221.11
Employee Costsubtract754.72717.38885.70689.47780.54652.81798.73792.71896.55
Selling & Administrative Expensessubtract268.25229.46185.92122.96184.62232.72112.04151.90105.67
Operating & Other expensessubtract363.66545.36744.07924.651,220.201,168.861,684.481,616.991,945.79
Depreciation/Amortizationsubtract43.8139.3952.4864.3368.7559.6574.5175.5883.1386.77
Interest & Other Itemssubtract16.0317.4319.7235.5913.0710.7813.669.189.334.92
Taxes & Other Itemssubtract326.36253.84154.23245.64256.2689.96138.49283.65487.86611.57
EPS23.9223.5020.9823.7622.1025.4830.2955.4896.04114.97
DPS4.028.0010.954.4610.777.248.7315.9622.20
Payout ratio0.170.340.520.190.490.280.290.290.000.19

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2023

Annual report

PDF

Investor Presentation

May 30PDF
Jan 30PDF
Nov 10PDF
Aug 10PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 10PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsShipbuilding

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Mazagon Dock Shipbuilders Ltd43.3013.43
Cochin Shipyard Ltd48.847.65
Garden Reach Shipbuilders & Engineers Ltd50.4610.770.59%
JITF Infralogistics Ltd56.0966.29

Price Comparison

Compare MAZDOCK with any stock or ETF
Compare MAZDOCK with any stock or ETF
MAZDOCK
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 1.54%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding84.83%0.76%0.25%1.45%12.72%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep3.28%3.69%3.32%2.38%2.44%1.45%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Mazagon Dock Shipbuilders Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HSBC Midcap Fund - Growth - Direct Plan

Growth
0.1982%1.55%1.19%68/97 (+12)
Motilal Oswal Nifty India Defence Index Fund - Growth - Direct Plan

Growth
0.1717%7.51%7.51%4/18 (0)
Canara Robeco Mid Cap Fund - Growth - Direct Plan

Growth
0.0554%1.86%-0.78%46/79 (-5)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

Cash Dividend

Ex DateEx DateOct 30, 2024

Interim
Interim | Div/Share: ₹23.19

Dividend/Share

23.19

Ex DateEx Date

Oct 30, 2024

Past Dividends

Cash Dividend

Ex DateEx DateSep 19, 2024

Final
Final | Div/Share: ₹12.11

Dividend/Share

12.11

Ex DateEx Date

Sep 19, 2024

Cash Dividend

Ex DateEx DateNov 20, 2023

Interim
Interim | Div/Share: ₹15.34

Dividend/Share

15.34

Ex DateEx Date

Nov 20, 2023

Cash Dividend

Ex DateEx DateSep 20, 2023

Final
Final | Div/Share: ₹6.86

Dividend/Share

6.86

Ex DateEx Date

Sep 20, 2023

Cash Dividend

Ex DateEx DateNov 21, 2022

Interim
Interim | Div/Share: ₹9.10

Dividend/Share

9.10

Ex DateEx Date

Nov 21, 2022

Cash Dividend

Ex DateEx DateSep 19, 2022

Final
Final | Div/Share: ₹1.63

Dividend/Share

1.63

Ex DateEx Date

Sep 19, 2022

News & Opinions
Corporate
Board of Mazagon Dock Shipbuilders recommends interim dividend

Mazagon Dock Shipbuilders announced that the Board of Directors of the Company at its meeting held on 22 October 2024, inter alia, have recommended the interim dividend of Rs 23.19 per equity Share (i.e. 231.9%) , subject to the approval of the shareholders.Powered by Capital Market - Live

23 hours agoCapital Market - Live
Corporate
Mazagon Dock Shipbuilders to conduct board meeting

Mazagon Dock Shipbuilders will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

5 days agoCapital Market - Live
Live Market Update
Sensex, Nifty trade near flatline; metal shares rally for 3rd day

The domestic equity benchmarks continued to trade in sideways in morning trade. The Nifty traded above the 25,000 level. Metal shares extended gains for the third consecutive trading session. At 10:28 IST, the barometer index, the S&P BSE Sensex shed 27.59 points or 0.04% to 81,590.87. The Nifty 50 index added 6.80 points or 0.03% to 25,005.25. In the broader market, the S&P BSE Mid-Cap index rose 0.37% and the S&P BSE Small-Cap index added 0.44%. The market breadth was strong. On the BSE, 2,139 shares rose and 1,350 shares fell. A total of 142 shares were unchanged. Result today: Tata Elxsi (up 0.30%), Den Networks (up 1.35) , Active Clothing Co (up 13.18%), Dr Reddy's Laboratories (up 0.26%), Bank of Baroda (up 0.61%), Ugro Capital (up 5.90%), Diksha Greens (up 1.56%), Maruti Suzuki India (down 0.20%), Allied Blenders and Distillers (down 0.17%) and Reliance Industrial Infrastructure (up 1.01%). Buzzing Index: The Nifty Metal index gained 1.56% to 9,993.85. The index rallied 2.03% in three consecutive trading sessions. National Aluminium Company (up 4.17%), NMDC (up 3.2%), Steel Authority of India (up 2.2%), Hindustan Copper (up 2.11%), Tata Steel (up 1.93%), Jindal Stainless (up 1.91%), Hindalco Industries (up 1.83%), Vedanta (up 1.7%), JSW Steel (up 1.61%) and Jindal Steel & Power (up 1.53%) advanced. Stocks in Spotlight: Mazagon Dock Shipbuilders shed 0.79%. The company has has received an order worth Rs 122 crore from Maharashtra State Power Generation company to supply, install and commission AI-based conditions of an order comprehensive infrasecure projects. Endurance Technologies added 1.01% after the compay's board approved Rs 300 crore capex for the alloy wheels greenfield project in Aurangabad. The plant will have a capacity of 1.8 lakh 2-wheeler alloy wheels per month. The start of production is envisaged in the second quarter of the financial year 2025-26. Exide Industries advanced 2.33% after the company has made further investment of Rs 99 crore in its wholly owned subsidiary, Exide Energy Solutions. The total investment in EESL now stands at Rs 2,852 crore.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Mazagon Dock Shipbuilders wins order of Rs 121 cr

Maharashtra State Power Generation Company (MAHAGENCO) has placed a Purchase Order on Mazagon Dock Shipbuilders for supply, installation and commissioning of AI based comprehensive infrasecure project at GTPS-Uran and KGSC-Pophali at a total price of Rs 121.67 crore. Powered by Capital Market - Live

1 week agoCapital Market - Live
Live Market Update
Barometers trade with minor losses; PSU bank shares underpressure

The key equity indices traded with minor cuts in morning trade. The Nifty traded below the 25,950 mark after hitting the day's high of 25,954.15 in morning trade. PSU bank shares extended gains for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex shed 34.35 points or 0.04% to 84,877.61. The Nifty 50 index lost 28.10 points or 0.11% to 25,912.30. In the broader market, the S&P BSE Mid-Cap index fell 0.50% and the S&P BSE Small-Cap index shed 0.17%. The market breadth was negative. On the BSE, 1,645 shares rose and 2,009 shares fell. A total of 151 shares were unchanged. Buzzing Index: The Nifty PSU Bank index slipped 1.04% to 6,724.15. The index fell 1.89% in two consecutive trading sessions. Punjab National Bank (down 2.62%), Indian Overseas Bank (down 1.94%), Bank of Maharashtra (down 1.64%), UCO Bank (down 1.34%), Central Bank of India (down 1.06%), Bank of India (down 0.98%), Punjab & Sind Bank (down 0.82%), Canara Bank (down 0.61%), State Bank of India (down 0.61%) and Bank of Baroda (down 0.31%) declined. Stocks in Spotlight: Mazagon Dock Shipbuilder added 1.34% after the company commenced the production activity for the first multi purpose cargo vessel for Navi Merchants, Denmark. PC Jeweller advanced 1.85% after the company's board will consider a stock split on 30 September 2024. Hariom Pipes rose 1% after the company's board has approved the raising up to Rs 700 crore via equity or other securities.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
Mazagon Dock Shipbuilders bags Rs 1,486-cr order from ONGC

The company bagged a contract for pipeline replacement project 8 Group A (PRP 8 Group A) on EPC reimbursable basis (OBE) at the ceiling price of Rs 1486,40,32,996. The project is to be executed within 28 February 2026. Mazagon Dock Shipbuilders is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers. Maharatna Oil and Natural Gas Corporation (ONGC) is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. It has in-house service capabilities in all areas of exploration and production of oil & gas and related oil-field services. The Government of India held 58.89% stake in ONGC as of June 2024. Shares of Mazagon Dock Shipbuilders shed 0.73% to Rs 4,368.05 while those of Oil and Natural Gas Corporation slipped 3.92% to Rs 296.80 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Mazagon Dock Shipbuilders wins subsea pipeline replacement project of Rs 1486 cr

Mazagon Dock Shipbuilders (MDL) has received a Notification of Award of Contract on 05 September 2024 from Oil and Natural Gas Corporation (ONGC) for Pipeline Replacement Project 8 Group A (PRP 8 Group A) on EPC reimbursable basis (OBE) at the ceiling price of Rs 1486.40 crore including all taxes and duties (GST@12%). Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Mazagon Dock Shipbuilders to convene AGM

Mazagon Dock Shipbuilders announced that the 91th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Mazagon Dock Shipbuilders Ltd Surges 4.43%

Mazagon Dock Shipbuilders Ltd gained 4.43% today to trade at Rs 4386.4. The BSE Capital Goods index is up 0.6% to quote at 73010.95. The index is down 0.64 % over last one month. Among the other constituents of the index, Kaynes Technology India Ltd increased 4.41% and Hindustan Aeronautics Ltd added 3.18% on the day. The BSE Capital Goods index went up 60.05 % over last one year compared to the 25.94% surge in benchmark SENSEX. Mazagon Dock Shipbuilders Ltd has lost 13.91% over last one month compared to 0.64% fall in BSE Capital Goods index and 2.06% rise in the SENSEX. On the BSE, 26714 shares were traded in the counter so far compared with average daily volumes of 1.68 lakh shares in the past one month. The stock hit a record high of Rs 5859.95 on 05 Jul 2024. The stock hit a 52-week low of Rs 1742 on 26 Oct 2023.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Mazagon Dock soars on bargain buying

The stock dropped 13.95% in the past three trading sessions to end at Rs 4,300.10 on yesterday, from its recent closing high of Rs 4,997.10 recorded on 14 August 2024. On the BSE, 6.40 lakh shares were traded in the counter so far compared with average daily volumes of 1.68 lakh shares in the past two weeks. The stock hit a high of Rs 4631.5 and a low of Rs 4107.25 so far during the day. The stock hit a 52-week high of Rs 5,859.95 on 05 Jul 2024. The stock hit a 52-week low of Rs 1,742 on 26 October 2023. The stock had underperformed the market over the past one month, down 19.27% compared with 0.37% fall in the Sensex. The scrip had outperformed the market in past three months, advancing 47.74% as against Sensex's 9.26% jump. The counter had outperformed the market in past one year, soaring 130.09% as against Sensex's 23.90% rise in Sensex. On the technical front, the stock's daily RSI (relative strength index) stood at 49.641. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading below its 50-day simple moving average (SMA) placed at 4,751.87, respectively. Such level will act as resistance in the near term. Mazagon Dock Shipbuilders is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers. The company's consolidated net profit zoomed 121.45% to Rs 696.10 crore in Q1 FY25 from Rs 314.34 crore reported in Q1 FY24. Revenue from operations grew by 8.48% to Rs 2,357.02 crore in Q1 FY25 as compared with Rs 2,172.76 crore recorded in the corresponding quarter previous year. Powered by Capital Market - Live

2 months agoCapital Market - Live