Multibagger ships and submarines manufacturer jumped 4 percent in the day’s trade from its previous day close price, as it declared its Q2FY24 results and an Interim dividend of Rs. 15.34 per equity share.
At 11:56 a.m the shares of Mazagon Dock Shipbuilders Limited were trading Rs. 2,033 up 2.40 percent from its previous day close price of Rs. 1985.40 and its market capitalization is Rs. 40,924 Crores.
Mazagon Dock Shipbuilders Limited have declared their quarter ended September results (Q2FY24) and it is as follows
Its Net Profit grew 55 percent YoY from Rs. 213.90 Crores in Q2FY23 to Rs. 332.88 Crores in Q2FY24 and it grew 5.89 percent QoQ from Rs. 314.34 Crores in Q1FY24 to Rs. 332.88 Crores in Q2FY24.
Its Revenue from operations grew 7.36 percent YoY from Rs. 1702.36 Crores in Q2FY23 to Rs. 1827.70 Crores in Q2FY24 and it declined 15.88 percent QoQ from Rs. 2172.76 Crores in Q1FY24 to Rs. 1827.70 Crores in Q2FY24.
In addition to this it has declared an Interim dividend of Rs. 15.34 per equity share, November 20,2023 is declared as the record date for shareholders to be eligible for the dividend payment and it shall be paid on or before December 7, 2023.
It has delivered multibagger returns of 151 percent in a year and 166 percent in the last six months. A shareholders investment of Rs. 1 Lakh in the company would be worth Rs. 2.51 Lakh in a year.
The company’s revenue grew 36.52 percent from Rs. 5,733.28 Crores in FY22 to Rs. 7,827.18 Crores in FY23, accompanied by increasing profits of 610.84 Crores to 1,119.03 Crores.
The company has reported a return on equity (ROE) of 24.28 percent and return on capital employed (ROCE) of 32.81 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 84.83 percent stake, the Domestic Institutional Investors hold 0.38 percent and the Foreign Institutional Investors (FII) hold 3.69 percent.
Mazagon Dock Shipbuilders Limited is one of India’s leading defence sector undertaking shipyards operating under the aegis of the Ministry of Defence. Mazagon undertakes the construction, repair, and refurbishment of warships and submarines at its dedicated facilities in Mumbai and Nhava.
Written by: Bharath K.S
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