Share price of mazagon dock

Mazagon Dock shares touched a new 52-week high and jumped over 7% on Tuesday's trade. According to analysts, a lot of action is seen in the defense space in the last one week and high focus is on shipbuilders as US Secretary of Defence met India Defence Minister to discuss cooperation in the maritime defence sector. Mazagon Dock share price opened at ₹1,019 apiece on BSE, and touched a intraday high of ₹1,062 and low of ₹1,015.15. On the technical front, the stock price has rise 267.3% and outperformed its sector by 241.6% in the past year, as per trendlyne data. The stock is trading at high day volume of 9 million. "The shipping stocks have been in momentum since the last couple of weeks and this stock has given strong traction since yesterday, with prices up more than 25% this week and today up by around 7%," said Rajesh Bhosale - Equity Technical and Derivative Analyst, "While we expect robust revenue growth until FY25, we believe earnings growth is likely to recede owing to an uncertain order pipeline. In Q4FY23 earnings call, management mentioned bids for P-75I programme are likely to be submitted by 01 Aug’23 with evaluation of bids taking another 18 months. For FY24, management indicated possible order inflow of ₹42 billion along with Medium Refit and Life Certification (MRLC) of a submarine spread over 3-4 years. Besides, there is no clarity on the timeline of repeat orders for destroyers," said the brokerage in its report.

Mazagon Dock Shipbuilders Limited is engaged in building and repairing of ships, submarines, various types of vessels and related engineering products. The Company is into the construction of warships and submarines. It is also engaged in the production of defense equipment. Its shipbuilding division includes the building and repair of Commercial vessels and refit of Naval ships. Its submarine and heavy engineering division includes building, repair and refits of diesel and electric submarines. Its products include Shipbuilding and Submarine. It provides cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges, and border outposts. It has constructed a variety of ships both for the defense and the commercial sector. It has also developed a range of products for the commercial sector and has constructed a variety of ships ranging from Multipurpose Support Vessel, Tugs, Dredgers, Water Tankers and more. ;

• Company has been maintaining healthy ROCE of 25.7478133363663% over the past 3 years. • Company is virtually debt free. • Company has a healthy Interest coverage ratio of 52.7195448460509. • Company’s PEG ratio is 0.889447081850335. • The company has an efficient Cash Conversion Cycle of -353.640100977824 days. • The company has a high promoter holding of 84.83%. Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Net Sales 1396.43 2230.32 1702.36 1815.91 2078.59 Total Expenditure 1319.09 2056.64 1584.59 1520.18 1867.97 Operating Profit 77.34 173.68 117.77 295.73 210.62 Other Income 129.02 136.14 169.05 175.84 232.45 Interest 1.42 1.46 1.47 1.48 1.96 Depreciation 22.93 18.39 18.46 18.36 20.37 Exceptional Items 0 0 0 0 0 Profit Before Tax 182.01 289.97 266.89 451.73 420.74 Tax 37.09 72.95 66.45 114.47 102.74 Profit After Tax 144.92 217.02 200.44 337.26 318 Adjusted EPS (Rs) 7.19 10.76 9.94 16.72 15.77 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Net Sales 4487.98 4613.95 4904.84 4047.82 5733.28 Total Expenditure 4339.29 4352.74 4642.23 3821.88 5290.8 Operating Profit 148.69 261.21 262.61 225.94 442.48 Other Income 604.84 637.71 589.64 600.55 433.63 Interest 6.79 9.58 13.07 10.78 14.94 Depreciation 50.21 64.33 68.75 59.65 74.51 Exceptional Items 0 0 -12.32 -126.14 -13.97 Profit Before Tax 696.53 825.01 758.11 629.92 772.69 Provision for Tax 256.6 307.73 349.63 15...

Shares of multibagger shipbuilding firm In the current session, the Mazagon Dock stock was trading 0.83% higher at Rs 1042.55 against the close of Rs 1033.90 in the previous session. Mazagon Dock stock opened higher at Rs 1042 and is trading 3.27% away from the 52 week high of Rs 1080 hit on June 8. Market cap of the firm stood at Rs 21,078 crore. Total 1.14 lakh shares changed hands amounting to a turnover of Rs 11.91 crore on BSE. Mazagon Dock stock has gained 290% in a year and risen 31.69 per cent in 2023. Mazagon Dock stock hit a 52-week low of Rs 229.55 on June 20, 2022. In terms of technicals, Mazagon Dock stock has a one-year beta of 1.5, indicating high volatility during the period. Mazagon Dock shares are trading higher than the 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The stock has been rising for last two sessions. HDFC Securities has given a target of Rs 1231 for the stock. "Investors can buy in the Rs 1009-1050 band and add more on dips to Rs. 923-941 band(14xFY25E EPS). Base case fair value of the stock is Rs 1131(17xFY25E EPS) and the bull case fair value of the stock is Rs 1231(18.5xFY25E EPS) over the next two to three quarters. At the CMP of Rs 1029, the stock trades at 15.5xFY25E EPS," said the brokerage. On June 3, ICICI Securities reiterated its sell call to the stock. "Mazagon Dock Shipbuilders' (MDL) Q4FY23 performance was 50% ahead of our estimates mainly on higher-than-expected revenue. Key points: 1) Revenue grew 49% YoY (14.5%...