Time period given by analyst is one year when Mazagon Dock Shipbuilders Ltd. price can reach defined target.
Mazagon Dock Shipbuilders Ltd., incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 5059.39 Crore) operating in Defence sector.
Mazagon Dock Shipbuilders Ltd. key Products/Revenue Segments include Ship Construction, Sale of Products, Ship Repairs, Scrap and Other Operating Revenue for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1302.32 Crore, down -5.53 % from last quarter Total Income of Rs 1378.54 Crore and up 170.57 % from last year same quarter Total Income of Rs 481.32 Crore. Company reported net profit after tax of Rs 92.75 Crore in latest quarter.
Investment Rationale
MDL has a long and established track record in warship as well as submarine construction. It is the only Indian company that has constructed destroyers and submarines in association with overseas OEMs. Since 1960, MDL has built 797 vessels including 25 captive warships and 5 conventional submarines. With the recent approval of Project 75(I), the brokerage expects MDL to be a key beneficiary owing to its existing capacity, capability and past experience in submarine and warship construction. The previous gaps in submarine ordering (10-year gap between completion of execution on HDW submarines, and getting orders for the Scorpene class submarines) would not be repeated.
Promoter/FII Holdings
Promoters held 84.8 per cent stake in the company as of June 30, 2021, while FIIs held 0.7 per cent, DIIs 1.5 per cent and public and others 14.1 per cent.
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