Mazagon Dock Shipbuilders Ltd., integrated in 1934, is a small cap corporate (with a marketplace capitalization of Rs 8888.48 crore) working within the protection sector.
Key Product/Income Segments Mazagon Dock Shipbuilders Ltd. comprises shipbuilding, gross sales, send restore, scrap steel and different working earnings for the yr ended 31 March 2021.
For the quarter ended June 30, 2022, the corporate reported a consolidated overall benefit of Rs 2,366.46 crore, up 55.13% from the former quarter of Rs 1,525.45 crore, and up 81.71% greater than in the similar quarter ultimate yr when the full benefit used to be Rs 1,302.32 crore. The corporate reported a internet benefit after tax of Rs 217.02 crore in the newest quarter.
Rationale for funding
The power to execute MDL within the coming duration will support because of greater indigenization of platforms and subsystems. Income CAGR over the following two years is anticipated to be 18.2% in comparison to 7.5% CAGR in fiscal 2019-22. FY 24 margin to support considerably because of sure working leverage
Promoter / FII Holdings
As of June 30, 2022, the promoters owned 84.83% of the corporate’s stocks, FII – 2.47%, DII – 1.14%.
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