Is Mazagon Dock Shipbuilders 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 .

Is Mazagon Dock Shipbuilders 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 .

What is Mazagon Dock Shipbuilders share price return in the past 10 years?

Data is not available for this company

Is Mazagon Dock Shipbuilders a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mazagon Dock Shipbuilders Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Mazagon Dock Shipbuilders?

The latest standalone P/E ratio of Mazagon Dock Shipbuilders as of 27-Dec-2024 is 38.53.

What is the P/B ratio of Mazagon Dock Shipbuilders?

The latest standalone P/B ratio of Mazagon Dock Shipbuilders as of 27-Dec-2024 is 14.55.

What is the 52-week high and low of Mazagon Dock Shipbuilders?

The 52-week high of Mazagon Dock Shipbuilders is Rs. 2929.97 and the 52-week low is Rs. 898.55.

Mazagon Dock Shipbuilders Ltd - Stock Valuation and Financial Performance

Name: Mazagon Dock Shipbuilders
Brand: Mazagon Dock Shipbuilders

BSE: 543237 | NSE: MAZDOCK | Ship Building | Mid Cap

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Mazagon Dock Ship Share Price

₹2,308.70 -55.70 -2.36%
as on 27-Dec'24 16:59

10 Year X-Ray of Mazagon Dock Ship:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	31.9%	38.5%	34.8%	27.9%	32%	28.7%	23.3%	25.2%	38.4%	50.8%	-
Value Creation Index ⓘ	1.8	2.4	2.1	1.5	1.3	1.1	0.7	0.8	1.9	3.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,516	4,127	3,531	4,488	4,614	4,905	4,048	5,733	7,827	9,467	10,580
Sales YoY Gr.	-	64%	-14.5%	27.1%	2.8%	6.3%	-17.5%	41.6%	36.5%	20.9%	-
Adj EPS ⓘ	19.7	22.8	17.6	19.6	23.1	20.8	28.2	29.4	53	91.4	122.7
YoY Gr.	-	16%	-22.8%	11.4%	17.4%	-10%	35.7%	4.6%	80.1%	72.5%	-
BVPS (₹) ⓘ	98.8	93.3	84.3	108.1	124.6	128	144.7	164.7	207.1	276.2	325
Adj Net Profit ⓘ	490	568	549	440	517	418	568	594	1,069	1,844	2,476
Cash Flow from Ops. ⓘ	2,071	288	-1,009	442	65.2	-95.5	68.2	-163	1,516	684	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.9%	15.5%	32.7%	20.9%
Adj EPS ⓘ	18.6%	31.7%	48.1%	72.5%
BVPSⓘ	12.1%	17.3%	24%	33.4%
Share Price	-	-	161%	97.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	21.5	23.8	22.2	17.4	19.8	15.6	20.6	19	28.5	37.8	40.8
Op. Profit Mgn % ⓘ	8.8	5.4	3.5	3.3	5.7	5.4	5.6	7.7	10.3	15	21
Net Profit Mgn % ⓘ	19.5	13.8	15.5	9.8	11.2	8.5	14	10.4	13.7	19.5	23.4
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	3,385	1,438	948	810	867	923	1,290	1,004	707	523	382
Cash Conv. Cycle ⓘ	2,535	1,063	383	239	174	161	173	164	96	39	52

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 40.80%

Sales growth is growing at healthy rate in last 3 years 32.74%

Net Profit is growing at healthy rate in last 3 years 48.10%

Sales growth is good in last 4 quarters at 34.69%

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Latest Financials - Mazagon Dock Shipbuilders Ltd.

	Standalone	Consolidated
TTM EPS (₹)	122.7	127.5
TTM Sales (₹ Cr.)	10,580	10,580
BVPS (₹.) ⓘ	325	361.4
Reserves (₹ Cr.) ⓘ	6,352	7,086
P/BV ⓘ	14.55	13.09
PE ⓘ	38.53	37.10

From the Market
52 Week Low / High (₹)	898.55 / 2929.97
All Time Low / High (₹)	164.00 / 5859.95
Market Cap (₹ Cr.)	95,375
Equity (₹ Cr.)	201.7
Face Value (₹)	10
Industry PE ⓘ	28.2

Management X-Ray of Mazagon Dock Ship:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Mazagon Dock Ship

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Price to Earnings

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Price to Book-Value

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Dividend History

Analyst's Notes

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Key Ratios of Mazagon Dock Ship

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,516	4,127	3,531	4,488	4,614	4,905	4,048	5,733	7,827	9,467
Operating Expenses ⓘ	2,297	3,906	3,406	4,339	4,353	4,642	3,822	5,291	7,025	8,045
Manufacturing Costs	249	336	200	533	918	1,183	1,066	1,515	1,407	1,643
Material Costs	987	2,645	2,140	2,693	2,557	2,453	1,882	2,693	4,446	5,082
Employee Cost	700	755	729	886	689	781	653	799	793	897
Other Costs ⓘ	361	170	338	228	189	226	222	284	379	424
Operating Profit ⓘ	219	221	124	149	261	263	226	442	803	1,421
Operating Profit Margin (%)	8.7%	5.3%	3.5%	3.3%	5.7%	5.4%	5.6%	7.7%	10.3%	15.0%
Other Income ⓘ	566	760	775	605	638	590	601	434	713	1,138
Interest ⓘ	8	7	23	7	10	13	11	15	11	15
Depreciation ⓘ	31	44	39	50	64	69	60	75	76	83
Exceptional Items ⓘ	0	0	0	0	0	-12	-126	-14	0	0
Profit Before Tax ⓘ	746	929	837	697	825	758	630	773	1,429	2,461
Tax ⓘ	254	361	288	257	308	350	150	186	357	616
Profit After Tax	492	568	549	440	517	408	480	586	1,073	1,845
PAT Margin (%)	19.5%	13.8%	15.5%	9.8%	11.2%	8.3%	11.8%	10.2%	13.7%	19.5%
Adjusted EPS (₹)	19.7	22.8	17.6	19.6	23.1	20.3	23.8	29.1	53.2	91.5
Dividend Payout Ratio (%)	20%	18%	30%	56%	19%	53%	30%	30%	30%	30%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	2,460	2,323	2,625	2,423	2,792	2,581	2,919	3,321	4,178	5,571
Share Capital ⓘ	199	199	249	224	224	202	202	202	202	202
Reserves ⓘ	2,261	2,124	2,376	2,198	2,568	2,380	2,717	3,120	3,976	5,369
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	79	0	0	0	0	0	0	0	0	0
Long Term Debt	79	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	712	1,093	926	2,391	2,917	4,728	6,362	6,166	4,463	4,466
Others Liabilities ⓘ	28,334	14,790	14,937	13,563	14,132	12,739	14,921	19,300	19,790	18,139
Total Liabilities ⓘ	31,586	18,206	18,488	18,377	19,841	20,048	24,202	28,787	28,430	28,176
Fixed Assets
Gross Block	493	638	617	763	1,007	1,101	1,140	1,364	1,494	1,355
Accumulated Depreciation	228	270	71	117	196	265	334	399	469	517
Net Fixed Assetsⓘ	266	368	546	646	810	836	807	965	1,024	838
CWIP ⓘ	40	170	98	85	89	80	80	87	62	72
Investmentsⓘ	6	6	6	6	6	6	6	6	6	6
Inventories	18,542	4,245	4,029	3,786	3,790	4,623	5,889	7,700	7,357	5,713
Trade Receivables	749	920	747	1,109	1,473	1,433	966	1,005	1,002	1,847
Cash Equivalents ⓘ	7,618	8,803	8,363	7,190	7,470	5,798	8,028	11,480	13,286	14,210
Others Assetsⓘ	4,365	3,696	4,699	5,555	6,203	7,272	8,427	7,543	5,693	5,491
Total Assets ⓘ	31,586	18,206	18,488	18,377	19,841	20,048	24,202	28,787	28,430	28,176

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	2,071	288	-1,009	442	65	-96	68	-163	1,516	684
PBT ⓘ	746	929	837	697	825	758	630	773	1,429	2,461
Adjustment ⓘ	-480	-650	-605	-486	-526	-489	-327	-298	-559	-956
Changes in Working Capital ⓘ	2088	318	-896	538	82	-157	-78	-335	958	-145
Tax Paid ⓘ	-284	-310	-346	-307	-316	-208	-157	-302	-312	-677
Cash Flow From Investing Activity ⓘ	434	516	494	392	417	454	348	326	-150	1,420
Capex	-120	-141	-218	-151	-172	-109	-42	-31	-134	105
Net Investments	0	0	0	0	0	0	0	0	-658	732
Others ⓘ	554	657	712	542	588	563	390	357	643	583
Cash Flow From Financing Activityⓘ	-129	-120	-240	-603	-126	-605	-160	-183	-218	-449
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-9	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	-5	-5	-5	-3	-2	-1
Dividend Paid ⓘ	-120	-120	-240	-295	-121	-262	-155	-180	-216	-448
Others ⓘ	0	0	0	-307	0	-337	0	0	0	0
Net Cash Flow ⓘ	2,376	683	-755	231	356	-246	257	-19	1,148	1,655

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	21.59	23.77	22.19	17.43	19.84	15.2	17.44	18.8	28.61	37.86
ROCE (%)	31.9	38.49	34.76	27.87	32.01	28.7	23.3	25.24	38.42	50.8
Asset Turnover Ratio	0.08	0.17	0.19	0.24	0.24	0.25	0.18	0.22	0.27	0.33
PAT to CFO Conversion(x)	4.21	0.51	-1.84	1	0.13	-0.24	0.14	-0.28	1.41	0.37
Working Capital Days
Receivable Days	76	74	86	75	102	108	108	63	47	55
Inventory Days	2,652	1,008	428	318	300	313	474	433	351	252
Payable Days	278	125	172	225	379	569	1,075	849	436	321

Mazagon Dock Shipbuilders Ltd Stock News

Mazagon Dock Shipbuilders Ltd FAQs

What is the share price of Mazagon Dock Ship?

Company share prices are keep on changing according to the market conditions. The closing price of Mazagon Dock Ship on 27-Dec-2024 16:59 is ₹2,308.7.

What is the market cap of Mazagon Dock Ship?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Dec-2024 16:59 the market cap of Mazagon Dock Ship stood at ₹95,375.2.

What is the P/E ratio of Mazagon Dock Ship?

The latest P/E ratio of Mazagon Dock Ship as of 27-Dec-2024 16:59 is 38.53.

What is the P/B ratio of Mazagon Dock Ship?

The latest P/B ratio of Mazagon Dock Ship as of 27-Dec-2024 16:59 is 14.55.

What is the 52-week high and low of Mazagon Dock Ship?

The 52-week high of Mazagon Dock Ship is ₹2,930 and the 52-week low is ₹898.5.

What is the TTM revenue of Mazagon Dock Ship?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mazagon Dock Ship is ₹10,580 ( Cr.) .

About Mazagon Dock Shipbuilders Ltd

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.

Product portfolio

Naval Platforms

Destroyers
Conventional Submarines
Frigates
Corvettes
Missile Boat
Offshore Patrol vessels
Floating Border Outposts

Merchant Ships

General Cargo Vessel
Multipurpose Support Vessel
Offshore Supply vessel
Tugs
Dredgers
Passenger cum Cargo Vessel
Water tankers
Barges
Trawlers
Windmill towers Pontoons

Oil Sector

Offshore Platforms
Jack-up rigs

Major events in company’s history:

1934: Incorporated as a private company.
1960: Acquired by the GoI.
1972: Delivered the first frigate, INS Nilgiri.
1984: Inauguration of undertaking submarine construction.
1992: Commissoned first Indian built submarine, INS Shalki.
1997: Commissioned first destroyer, INS Delhi.
1998: Accredited with ISO certification for shipbuilding.
2000: Upgraded to Schedule ‘A’ status from Schedule ‘B’.
2006: Awarded Mini Ratna Category–I status.
2009: Implementation of enterprise resource planning and systems applications and products.
2011: Signed shipbuilding contract for construction and delivery of four P15 B misile destroyers with the MoD.
2014: Inauguration of the Mazdock Modernisation project.
2015: Launch of first destroyer class ship ‘Vishakhapatnam’ under P15 B project.
2015: Signed contract for construction and delivery of four frigates with the MoD.
2016: Inauguration of new submarine section assembly workshop at Alcock yard.
2017: Delivery of first Scorpene class submarine ‘INS Kalvari’.
2019: Delivery of second Scorpene class submarine ‘INS Khanderi’.
2020: Listing of MDL in BSE & NSE in 2020.
2021: Delivery of three platforms viz. 3rd & 4th Scorpene class submarine & 1st missile destroyer in 2021.
2022: Historical Double Launching of a missile destroyer and a stealth frigate on May 17, 2022. Launching of 6th submarine on April 20, 2022.

Awards and Recognition

2007: Scope Award for Excellence & Outstanding contribution to the Public Sector Management- Special Institutional Category.
2008: Raksha Mantri Award for Excellence for: Best Performing Shipyard, awarded by Raksha Mantri (Ministry of Defence, GoI).
2009: Raksha Mantri Award for Excellence for: Best Performing Shipyard, awarded by Raksha Mantri (Ministry of Defence, GoI).
2010: Golden Peacock Award for Innovative Product / Service Award, awarded by Institute of Directors (IOD).
2010: Accredited with ISO Certification for submarine division.
2011: Aerospace and Defence Award 2011 for Excellence in Innovation, awarded by SAP Media Worldwide Limited.
2012: IIIE Performance Excellence Award, awarded by Indian Institution of Industrial Engineering.
2012: Golden Peacock Awards for Corporate Social Responsibility, awarded by Institute of Directors (IOD).
2012: QCFI - Special Awards for Best Organisation for Promoting 5S concept, awarded by Quality Circle Forum of India.
2013: Aerospace & Defense Awards 2013 - Excellence in Innovation, awarded by SAP Media Worldwide Limited.
2013: Aerospace & Defense Awards 2013 - Most influential company of the Year, awarded by SAP Media Worldwide Limited.
2014: IPSE Awards 2014: Award for Defence & Marine PSE of the year, awarded by PSE journal.
2014: AIOE Annual Award for Outstanding Achievement in Industrial Relations, awarded by All India Organization of Employers.
2015: Awarded two Gold and one Silver Awards at ICQCC- 2015, South Korea (Pending) Rainbow.
2016: Awarded two Gold Awards at ICQCC-2016, Bangkok, Thailand.
2016: Accredited with ISO 9001:2008 Quality Management Systems (QMS) of Shipbuilding Division for the scope of Design, Development, Construction and Servicing of Warships, Merchant Ships and Floating crafts.
2017: Dun & bradstreet PSU awards 2017 for ‘Manufacturing Transportation Equipment’, awarded by Dun & Bradstreet.
2018: Accredited with ISO 9001:2015 Quality Management Systems (QMS) of Shipbuilding Division for the scope of Design, Development, Construction and Servicing of Warships, Merchant Ships and Floating Crafts.
2018: Accredited with ISO 9001:2015 Quality Management Systems (QMS) of Training Department for the scope of Imparting Training to Trade Apprentices and Employees.
2018: National Award for Innovative Training Practices 2017-18 awarded by Indian Society for Training and Development, New Delhi.
2018: NIPM National Award for HR Best Practices 2018.
2019: Accredited with ISO 14001:2015 and OHSAS 18001:2007 for integrated management system for shipbuilding, submarine and heavy engineering, corporate planning and personnel and finance divisions.
2019: Golden Peacock Award for Innovative Product / Service Award, awarded by Institute of Directors.
2019: Awarded India CSR Project of the Year award 2019 by the India CSR Group.
2019: Awarded certificate of appreciation by the Skill Developmemt and Entrepreneurship Department, Directorate of Vocational Education and Training, Government of Maharashtra
2019: Awarded the first position at the 16th National Awards for Excellence in Cost Management 2018 for Manufacturing -Public-Large Sector issued by the Institute of Cost Accountants of India.
2020: The company won the 11th PSE Excellence Award in Human Resource Management Category for the year 2019-20. The award was presented virtually during the PSE Conclave & PSE Excellence Award held on 25 Feb '22.
2021: The National Awards for Excellence in Corporate Social Responsibility (CSR) under the category “Best Relief Package Announced for COVID-19” was conferred to the company by World HRD Congress, Mumbai.