Mazagon Dock Share Price Target 2024-2030 Fundamentals & Quarterly Results

Mazagon Dock Share Price Target  2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – An Indian government entity possesses over 83 percent of the equity in Mazagon Dock Shipbuilders, an Indian firm. The shipbuilding and ship repair firm is under the Ministry of Defence. It was established in 1934, and later became state-owned in 1960 after the country gained its independence in 1947 from Britain.Mazagon Dock share Price target

Mazagon Dock Share Overview

Mazagon Dock Shipbuilders Limited (MDL), an important shipyard in India is situated in Mumbai. It was once just a small dry dock but has now grown to be a well known shipbuilding firm that builds warships, submarines among other types of watercrafts. Up to the year 1960, 801 vessels had been launched by this company such as cargo/passenger ships as well as oil drilling rigs.

Company NameMazagon Dock
Listed atNSE & BSE
Head OfficeMazagon Dock Shipbuilders Limited, Dockyard Road, Mazagon, Mumbai – 400 010. India
Board Of Directors
  • Mr.Sanjeev Singhal Chairman & Managing Director
  • Mr.Biju George Director
  • Mr.Jasbir Singh Director
  • Mr.Vasudev Puranik Director
  • Mr.Anurag Bajpai Government Nominee Director
  • Mr.Mallikarjunarao Bhyrisetty Independent Director
  • Mrs.Jagjeet Kaur Neeru Singh Independent Director
  • Mr.Dattaprasad Kholkar Independent Director
Official Websitemazagondock.in

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Mazagon Dock Business Profile

It makes mostly military vessels, including but not limited to 28 warships up to missile boats, also centre for advanced destroyers all the way down to missile patrol craft, totaling 802 vessels; the order book was 6,000 crores + or more by November 9MFY24 period alone.

Frigate Project – MDL is the lead shipyard for building 4 of the Nilgiri Class Stealth Frigates.
Destroyer Project – Executing P15B project of 4 Destroyers (3 Delivered within Timelines)
Kalvari Class Submarines Project – delivered 5 submarines during 2017 – 2022.

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Maritime Profile

The company manufactures Warships such as Frigates and Destroyers, Missile Boats and other Naval platforms, vessels for Commercial trade, and different infrastructure for Oil Industry including Jack-up rigs and Offshore Platforms.

Manufacturing Capacity

The company has 11 submarines and 10 war ships that can be used at the same time. The company only deals with warships in approximately 75% of its product publications. Because it has native element, this business is able to save significant amounts of money on construction.

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Strategic Location

The Western Naval Command’s headquarters of the Indian Navy are situated in Mumbai. Shipbuilding Yards includes North Yard, South Yard, Nhava Yard and Anik Yard whereas East Yard is a Submarine Construction Yard. Alcock Yard which is located on top of Mazagaon’s North Yard remains another important area. Land around the South Yard will be used for construction and Ships and Submarines can also be accommodated there like Modular Workshop for Shipbuilding and Cradle Workshop for Submarine Building  Goliath Crane, and Wet Basin.

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New Contracts

  1. MDL signed a contract with a European client for the construction of three units of Multipurpose Hybrid Power Vessels with 7,500 DWT each. The contract is worth 42 million dollars, approximately. Those vessels are to be delivered within three years.
  2. ONGC has signed a contract with MDL for Project on Part Replacement of Pipeline but customers are not satisfied with the service. Order Value : Rs. 1145 Cr
  3. On December 23rd, MDL signed a contract with the Acquisition wing of the Ministry of Defence to construct six Next Generation Offshore Patrol Vessels for the Indian Coast at a cost of approximately Rs. 1600 crores.
  4. The Acquisition wing of the Ministry of Defense signed a contract with MDL for the construction and delivery of fourteen Fast Patrol Vessels (FPVs) for the Indian Coast Guard at a cost of Rs. 1070 crores on 24th January.

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Contract with MRLC

On June 30, 2023, I formally entered into an agreement with the Indian Navy to overhaul and certify for a further period of service the second INS SHANKUSH Shishumar class submarine. The contract is valued at Rs 2724.63 Cr.

Research & Development

To enhance knowledge within the company while collaborating with others, the Submarine Division has undertaken initatives focusing on R&D with Academic Institutions, Start-Ups & MSME.Presently, Expendable Underwater Target and Mobile Target Emulator projects are also supported by other creative R&Ds. FY22, the entity set aside some 1.22% of revenues for use in research and development activities.

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Diversification

The company is eager to expand its activities and improve its standing in the area of underwater equipment and platform, marine equipment and platform, heavy engineering equipment, offshore platforms among others and is targeting penetrating into them. In this light, it has already entered a new line which is manufacturing cargo containers where it has received orders for 2500 containers from Container Corporation of India Limited.

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Mazagon Dock Fundamentals & Quarterly Results

Market Cap₹ 64,078 Cr.
Current Price₹ 3,177
High / Low₹ 3,249 / 765
Stock P/E42.5
Book Value₹ 237
Dividend Yield0.50 %
ROCE38.2 %
ROE28.6 %
Face Value₹ 10.0
Debt to equity0.00
Debt Capacity0.21
Debt preceding year₹ 11.6 Cr.
Debt₹ 2.96 Cr.
Reserves₹ 4,574 Cr.
EPS₹ 74.8
EPS last year₹ 53.2
Pledged percentage0.00 %
FCF Prev Ann₹ -200 Cr.
EVEBITDA24.0
Industry PE35.7
PEG Ratio2.18
Piotroski score8.00
Earnings yield4.00 %
Sales growth 5Years11.8 %

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Mazagon Dock Quarterly Results

MetricSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,5701,5521,3962,2301,7021,8162,0792,1731,8282,362
Expenses1,4851,3511,3192,0571,5851,5201,8682,0011,6511,823
Operating Profit8520277174118296211172177539
OPM %5%13%6%8%7%16%10%8%10%23%
Other Income96121129136169176232233261269
Interest2211112111
Depreciation17172318181820202020
Profit before tax162304182290267452421383416786
Tax %19%28%20%25%25%25%24%25%25%25%
Net Profit131218145217200337318287313592
EPS in Rs6.5010.807.1910.769.9416.7215.7714.2115.5229.33

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CAGR Report

Compounded Sales Growth:

Time FrameGrowth Rate
10 Years13%
5 Years12%
3 Years17%
TTM18%

Compounded Profit Growth:

Time FrameGrowth Rate
10 Years10%
5 Years19%
3 Years37%
TTM68%

Stock Price CAGR:

Time FrameCAGR
10 Years%
5 Years%
3 Years145%
1 Year313%

Return on Equity:

Time FrameROE
10 Years%
5 Years21%
3 Years23%
Last Year29%

Mazagon Dock Shareholding Pattern

Mar 2021Mar 2022Mar 2023Mar 2024
Promoters84.83%84.83%84.83%84.83%
FIIs0.70%2.06%3.29%2.38%
DIIs0.79%0.97%0.30%0.66%
Public13.68%12.14%11.57%12.12%
No. of Shareholders1,06,7111,18,3541,64,1513,86,330

Mazagon Dock Share Price Target 2024-2030 Forecast

YearLower TargetsHigher Targets
2024₹4,309₹4,475
2025₹5,829₹6,202
2026₹7,342₹8,055
2027₹8,861₹9,993
2028₹10,373₹11,995
2029₹11,876₹13,780
2030₹13,408₹15,689

Mazagon Dock Share Price Target 2025

MonthLower TargetsHigher Targets
January₹4,364₹4,542
February₹4,380₹4,562
March₹4,501₹4,695
April₹4,619₹4,832
May₹4,722₹4,937
June₹4,942₹5,193
July₹5,243₹5,503
August₹5,350₹5,633
September₹5,538₹5,833
October₹5,569₹5,907
November₹5,714₹6,045
December₹5,829₹6,202

Mazagon Dock Share Price Target 2026

MonthLower TargetsHigher Targets
January₹5,880₹6,292
February₹5,893₹6,296
March₹6,015₹6,466
April₹6,132₹6,601
May₹6,226₹6,725
June₹6,454₹6,998
July₹6,763₹7,328
August₹6,876₹7,473
September₹7,058₹7,661
October₹7,082₹7,738
November₹7,228₹7,904
December₹7,342₹8,055

Mazagon Dock Share Price Target 2027

MonthLower TargetsHigher Targets
January₹7,396₹8,113
February₹7,405₹8,183
March₹7,535₹8,330
April₹7,651₹8,486
May₹7,751₹8,625
June₹7,974₹8,909
July₹8,276₹9,218
August₹8,387₹9,348
September₹8,569₹9,609
October₹8,593₹9,658
November₹8,742₹9,830
December₹8,861₹9,993

Mazagon Dock Share Price Target 2028

MonthLower TargetsHigher Targets
January₹8,906₹10,092
February₹8,921₹10,138
March₹9,056₹10,284
April₹9,163₹10,431
May₹9,277₹10,650
June₹9,497₹10,831
July₹9,789₹11,228
August₹9,912₹11,343
September₹10,088₹11,569
October₹10,111₹11,690
November₹10,261₹11,830
December₹10,373₹11,995

Mazagon Dock Share Price Target 2029

MonthLower TargetsHigher Targets
January₹10411₹12070
February₹10489₹12,138
March₹10537₹12,284
April₹10638₹12,431
May₹10602₹12,650
June₹10795₹12,831
July₹10848₹12,928
August₹10912₹13,343
September₹10,988₹13,569
October₹11111₹13,690
November₹11,561₹13,730
December₹11876₹13780

Mazagon Dock Share Price Target 2030

MonthLower TargetsHigher Targets
January₹11,906₹13,892
February₹11,981₹143,938
March₹12,056₹14,284
April₹12,163₹14,431
May₹12,277₹14,650
June₹12,497₹14,831
July₹12,789₹14,928
August₹12,912₹15,043
September₹13,088₹15,269
October₹13,111₹15,390
November₹13,261₹15,430
December₹13408₹15689

Official Website –mazagondock.in

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