PPT MDL MAY 24.pdf (5.8 MB)
CONCALL TRANSCRIPT MAY 24 MDL.pdf (959.5 KB)
Story seems intact as defence stocks shud continue to have tailwinds in Modi 3.0 govt
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Does the rise too fast and too frequent make you nervous?
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Slightly yes. Tempting to book profits.
A good price action with few corrections and bases is always good and gives more confidence in holding.
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Will this unlock newer opportunities? Is this the reason for today’s rise? any views?
Quoting from the article
As a Navratna company, Mazagon Dock can undertake investments worth up to ₹1,000 crore, without needing approval from the central government. These companies also have the liberty to invest up to 30% of their net worth within a year, as long as it remains within ₹1,000 crore.
A Navratna company is also allowed to form Joint Ventures, alliances and establish subsidiaries abroad.
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No this news is very old news discounted on same day.
thanks to digital media everyone has access.
As I had posted earlier, it is trying to catch up with its peers in valuation.
pl go through this link
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trying to understand what Mazagon aim to do with the freedom that comes with being a navratna
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With Navratna, they would definitely get some freedom in decision making…
However, 16% rise is nothing to do with navratna status. lt came in news 10 days back which I had posted - link below
may be some investors or HNI’s or MF all of a sudden discovered that it trades much cheaper than other two, so may be heavy buying took place.
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By when u expect huge subamrine order to be finalized where competion is with L&T? what are mazdock chances ?
any more big orders expected ? how is funnel n pipeline
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@Vivek_6954
if you have not seen this video ! pl do watch it.
As of 18 June 2024, Mazgaon dockreported a strong order boom of Rs 385.6 bn. It is the country’s largest shipbuilder, both in terms of revenue and order book.
This strong position is largely due to its unique role in the Indian defence sector, specialising in building conventional submarines and destroyers for the Indian Navy.
It has been tasked with manufacturing some of the Indian Navy’s most ambitious programmes, including its Scorpene class of submarines and the Visakhapatnam and Kolkata class destroyers.
It is currently awaiting approval from the Indian government for a submarine project worth Rs 200 bn for manufacturing three more submarines, the first of which was inducted in 2017, which is further set to bolster its order book.
The Navy has a fleet requirement of around 175 ships, which includes next-generation destroyers, next-generation corvettes, and frigates.
The projects may not necessarily be awarded to Mazagon Dock, despite its expertise. It has to compete with other government shipyards, as well as with the privately owned L&T, for new projects.
Both Mazagon Dock. are shortlisted for the Indian Navy’s P75 project, which involves manufacturing six more submarines with an air-independent propulsion system (AIP) and lithium-ion batteries.
For now, though, Mazagon Dock has its hands full. The company is already manufacturing four frigates under Project 17 Alpha, with the first of the deliveries starting this year in addition to delivering the last of the Scorpene submarines.
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MDL Wins Rs 4,676 Crore ONGC Contract:
Mazagon Dock Shipbuilders has secured a major order worth Rs 4,676 crore from ONGC for a wellhead platform and pipeline project.
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- Revenue up 8.48% to Rs 2,357 crore (Bloomberg estimate: Rs 2,933 crore)
- Ebitda rises 274% to Rs 642.3 crore (Bloomberg estimate: Rs 420 crore)
- Margin expands 1,934 basis points to 27.2% (Bloomberg estimate: 14.30%)
- Net profit rose 121.4% to Rs 696.1 crore (Bloomberg estimate: Rs 491 crore)
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I have sold Mazgaon dock today and bought two drone companies.
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may I know on which Drone stock you bet on ?
Drone Destination and Rattanindia Entrprises. Because they appeared cheaper.
My I know how you time the market and rational behind selling socks? would greatly appreciate if you explain in 2-3 sentence.
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Rattanindia Entrprises is promoted by Rajiv Rattan . Please read into the promoters history and past. While its Amazon business seemed to lure me , I would not touch the promoter group entities even if the business seems good.
Also , we see a lot of smart investors line up in such promising scripts. A quick look on Trendlyne and there is not a single smart investor invested in this script . Investments from Mauritius based Lgof global opportunities limited in Rattan India does not help the case either
No buy sell recommendation . Just wanted you to put your thinking hat again .
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So grateful. You may have saved my precious capital. I have also hesitated before investing in this company.
Could you however suggest some other drone company? Most of them seem so over-priced.
Mazgaon Dock was looking too expensive to me, and just then the Ukraine videos triggered this decision. Of course, I had no idea Mazgaon Dock will take such a tumble yesterday and today. Sometimes coincidence may make you feel such a genius or a slow witted person.
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