Publish Date: 2024-01-26 01:39:11
Miniratna PSU which engaged within the development, restore, and refurbishment of warships and submarines jumped 4 % within the day’s commerce upon receiving work orders value Rs. 1,070 Crores.
At 11:18 a.m the shares of Mazagon Dock Shipbuilders Limited have been buying and selling at Rs. 2,391.70, up 2.77 % from its earlier day’s shut value of Rs. 2,326.60 and its market capitalization is Rs. 48,263 Crores. It has delivered multibagger returns of 224 % in a yr
Mazagon Dock Shipbuilders Limited has signed a contract Worth Rs. 1,070 Crores with the Acquisition Wing of the Ministry of Defence (MoD), for the development and supply of Fourteen Fast Patrol Vessels (FPVs) for the Indian Coast Guard(ICG).
Mazagon Dock Shipbuilders Limited is a Miniratna Public sector Undertaking which is certainly one of India’s main protection sector firms below the aegis of the Ministry of Defence, it’s engaged within the development, restore, and refurbishment of warships and submarines at its devoted amenities in Mumbai and Nhava.
Mazagon Dock Shipbuilders is India’s solely shipyard to have constructed Destroyers, and standard submarines for the Indian Navy & manufacture corvettes in India. Since 1960 It has delivered 802 vessels of which 28 warships from superior destroyers to missile boats and seven submarines.
As of FY23, out of the income from operations, it generated 87.91 % of its income from Ship development, 9.85 % from the sale of base and depot spares, and a pair of.22 % from Ship restore. It has a robust order ebook value Rs. 38,755 Crores.
Its income from operations grew 36.52 % from Rs. 5,733.28 Crores in FY22 to Rs. 7,827.18 Crores in FY23, accompanied by rising income of Rs. 610.84 Crores to Rs. 1,119.03 Crores.
It has reported a return on fairness (ROE) of 28.6 % and a return on capital employed (ROCE) of 38.2 %, it’s making good returns on its fairness and capital employed.
Written by: Bharath Ok.S
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