The state-owned company of Mazagon Dock Shipbuilders Ltd received up to 9% on Monday, February 10th, after a second consecutive increase in profits after strong third quarter profits.
The share reached a 52-week high of 2,930, a 23% decrease compared to these levels.
The company’s top line rose in December 2024, up from 33% compared to the previous year, compared with 3,143 crores. Profit increased by 29% to 807 crores. Mazagondok’s previous profit before interest, tax, depreciation and amortization increased by 51.4% to 817 crores, but the margin switched to 26% compared to the previous year.
The company’s order inflow was 1,092 crores per quarter. “Order stock is ~34,787 crores (3.06 times TTM revenue). The order pipeline also looks up on defense vessels, along with the possibility of forming commercial vessels, exporting and repairing vessels,” Brokerage Company ICICI Securities said. It states.
The broker also said that the company’s significant sales growth is primarily expected as it will be strong in the quarter as it goes through its biggest sales realization stage (mainly P-75-U With contracts for boats, Us and more – boats, submarines,…, Pyfergates, P-15B destroyers). In the meantime, another global broker, JPMorgan, raised its price target to 2.262, surpassing the company’s performance from 2.124. However, new order margins are cautious. JPMorgan has a “neutral” rating of its stock.
According to JPMorgan, the company’s performance in December in December was the expectation of a merge with large orders on the horizon. However, order books are said to be stagnant and the margins for new orders could be lowered. Sales growth was strong, but if massive awards were delayed, it could slow down temporarily, foreign brokers said. In brokers, we found that u-boat and warship orders are usually large and take quite a bit of time.
Mazagon Dock is currently required for quite a few orders, but the order form fell to a 34,800 crore drop at the end of the quarter. In recent years, it has been jpmorgan.
Of the five analysts reporting on the Mazagon Dock, two have merchants, and two more recommend “holding” while being proposed to “sell.” Analyst consensus recommendations imply a potential trend of nearly 22% upward trend. The government holds 84.83% of Mazagon Dock, which is still above the minimum requirement for a 75% public participation, according to the December stock pattern.
Mazagon Dock Shipbuilder shares are currently 2252 higher at 2.290.15. Despite the 1 year-old correction, the share has increased by 110% over the past 12 months.