1. Is Mazagon Dock Shipbuilders Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Mazagon Dock Shipbuilders Ltd is a good quality company.
2. Is Mazagon Dock Shipbuilders Ltd undervalued or overvalued?
The key valuation ratios of Mazagon Dock Shipbuilders Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Mazagon Dock Shipbuilders Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Mazagon Dock Shipbuilders Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||24.3%||19.7%||21%||23.6%||22.8%||17.6%||20.1%||15.9%||20.9%||19.4%||-|
|Value Creation Index ⓘ||0.8||0.5||0.6||0.8||0.7||0.3||0.4||0.1||0.5||0.4||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||-94.7%||1,826.5%||64%||-14.5%||27.1%||2.8%||6.3%||-17.5%||41.6%||-|
|Adj EPS ⓘ||209.9||199.9||246.1||285.4||17.6||19.6||23.1||20.8||28.2||29.4||35.2|
|YoY Gr. Rt. %||-||-4.8%||23.2%||16%||-93.8%||11.4%||17.4%||-10%||35.7%||4.6%||-|
|BVPS (₹) ⓘ||910.8||1,050.8||1,234.9||1,166.4||1,054||108.1||124.6||128||144.7||164.7||175.4|
|Adj Net Profit ⓘ||418||398||490||568||549||440||517||418||568||594||711|
|Cash Flow from Ops. ⓘ||524||-1,157||2,071||288||-1,009||442||65.2||-95.5||68.2||-163||-|
|Debt/CF from Ops. ⓘ||0.2||-0.1||0||0||0||0||0||0||0||0||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||-19.6%||10.8%||8.5%||4.6%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||25.1||20.4||21.5||23.8||22.2||17.4||19.8||15.6||20.6||19||20.7|
|Op. Profit Mgn % ⓘ||4.8||-1.2||8.8||5.4||3.5||3.3||5.7||5.4||5.6||7.7||8|
|Net Profit Mgn % ⓘ||17.1||304.8||19.5||13.8||15.5||9.8||11.2||8.5||14||10.4||10.5|
|Debt to Equity ⓘ||0.1||0||0||0||0||0||0||0||0||0||-|
|Working Cap Days ⓘ||2,894||59,948||3,385||1,438||948||810||867||923||1,290||1,004||0|
|Cash Conv. Cycle ⓘ||1,932||45,764||2,535||1,063||383||239||174||161||173||164||0|
Return on Equity has increased versus last 3 years average to 20.70%
Sales growth is good in last 4 quarters at 39.83%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 8.48%
|TTM EPS (₹)||35.2||36.4|
|TTM Sales (₹ Cr.)||6,749||6,749|
|BVPS (₹.) ⓘ||175.4||202|
|Reserves (₹ Cr.) ⓘ||3,337||3,873|
|From the Market|
|52 Week Low / High (₹)||224.00 / 472.00|
|All Time Low / High (₹)||164.00 / 472.00|
|Market Cap (₹ Cr.)||9,024|
|Equity (₹ Cr.)||201.7|
|Face Value (₹)||10|
|Industry PE ⓘ||12.3|
Mazagon Dock Shipbuilders was incorporated in Bombay as a private limited company on February 26, 1934 as Mazagon Dock Private Limited with the Registrar of Companies, Bombay under the Indian Companies Act, 1913. The company was thereafter converted to a public company pursuant to a special resolution passed at an extra-ordinary general meeting dated January 02, 1936. Pursuant to the provisions of section 23 of the Companies Act, 1956 and under order of the Central Government, conveyed by the Ministry of Finance, Department of Company Law Administration by their No. 18 (30)-CL 57 dated October 26/28, 1957, the company was converted into a private limited company and the name of the company was changed to Mazagon Dock Private Limited and a certificate of incorporation was issued by the Registrar of Companies, Bombay on December 10, 1957. Since the company was acquired by the Government of India in the year 1960, it became a government company on May 13, 1960 and the name of the company was changed to Mazagon Dock Limited and a fresh certificate of incorporation consequent to the change of name was issued by the Registrar of Companies, Bombay on December 23, 1960. Further, the name of the company was changed to Mazagon Dock Shipbuilders Limited to reflect its core competencies in shipbuilding and a fresh certificate of incorporation pursuant to the change of name was issued by the RoC on May 28, 2015. Subsequently, the company was converted to a public limited company and a certificate of incorporation consequent upon conversion to a public limited company was issued by the RoC on December 08, 2017.
The company is a defence public sector undertaking shipyard under the Department of Defence Production, MoD with a maximum shipbuilding and submarine capacity of 40,000 DWT, engaged in the construction and repair of warships and submarines for the MoD for use by the Indian Navy and other vessels for commercial clients. It is a wholly owned GoI company, conferred with the 'Mini-ratna-I' status in 2006, by the DPE. It is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy. It is also one of the initial shipyards to manufacture Corvettes (Veer and Khukri Class) in India.
Business area of the company
Mazagon Dock Shipbuilders' business divisions in which the company operates are (i) shipbuilding and (ii) submarine and heavy engineering. Its shipbuilding division includes the building and repair of naval ships. It is currently building four P-15 B destroyers and four P-17A stealth frigates and undertaking repair and refit of a ship for the MoD for use by the Indian Navy. Its submarine and heavy engineering division includes building, repair and refits of diesel electric submarines. It is currently building/ in the process of delivering four Scorpene class submarines under a transfer of technology agreement with Naval Group as well as one medium refit and life certification of a submarine for the MoD for use by the Indian Navy.
Major events in company’s history:
Awards and Recognition