Today, the shares of Mazagon Dock Shipbuilders surpass the significant price of Rs 2000 on BSE. Mazagon Dock is primarily involved in the construction and repair of diverse marine vessels and engineering products.
At the time of writing this article, the shares are trading at Rs 2024 on BSE, 3.54% up from the previous day’s closing price of Rs 1955.45. It is well known for its leadership positions in specializing in building warships, submarines, and defence equipment. Moreover, it has created a new 52-week high of Rs 2040 today.
The stock has displayed remarkable performance in recent times, delivering a 174% return over the last three months and an impressive 670% return in the last two years. Furthermore, it has given a multibagger return of 1295% on its final listing price.
Regarding ownership, the promoters of the company possess 84.83% of the company’s shares. Whereas both foreign institutional investors (FIIs) and domestic institutional investors (DIIs) hold a mere 3.29% and 0.56%. The remaining portion, which accounts for 11.31%, is owned by public investors.
Let’s recapitulate the subscription history of the company during its IPO. On the final day of the IPO window on October 9, 2020, the IPO witnessed an exceptional subscription rate of 157.41 times. The public issue received an overwhelming response, with the retail category being subscribed 35.63 times, the QIB category achieving a remarkable subscription rate of 59.71 times, and the NII category reaching a subscription rate of 678.88 times.
The company got listed on Oct 20, 2020, both in NSE and BSE.
The price range for the IPO was set between Rs 135 and Rs 145, with a face value of Rs 10 per share and a lot size of 103 shares. The total size of the company’s IPO was Rs 443.69 Crore. The final share issue price of the company was fixed at Rs 145. It has given a multibagger return of 1295% on its final listing price.
Mazagon Dock witnessed a significant YoY increase in annual revenue during FY23, with a surge of 36.5% from Rs 5733 Crore to Rs 7827 Crore. Over the past three years, the company’s sales have shown a CAGR growth of 17%. The operating profit stands at Rs 798 Crore, resulting in an operating profit margin of 10%. Furthermore, the net profit for the company amounts to Rs 1073 Crore, with a net profit margin of 14%. Moreover, the net profit has experienced a CAGR of 37% over the past three years.
The company’s ROCE and ROE are at 38% and 28%, respectively. As per the recent financial updates, the total debt stands at a mere Rs 6 Crore which can be considered as almost debt free.
Mazagon Dock Shipbuilders Limited is primarily involved in the construction and repair of diverse marine vessels and engineering products. The company specializes in building warships, submarines, and defence equipment.
Within its shipbuilding division, it handles the construction, repair, and refit of commercial vessels and naval ships. The submarine and heavy engineering division focuses on building, repairing, and refitting diesel and electric submarines.
The company’s extensive range of products includes cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges, and border outposts. It has demonstrated its expertise in both defence and commercial shipbuilding, delivering a variety of high-quality vessels, such as Multipurpose Support Vessels, Tugs, Dredgers, Water Tankers, and more.
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