Mazagon Dock Shipbuilders Ltd Share Price – NSE /  BSE

Ship Building, Mid Cap

Mazagon Dock Shipbuilders Ltd gained 3.41% today to trade at Rs 4115.15. The BSE Capital Goods index is up 0.79% to quote at 66586.57. The index is down 7.29 % over last one month. Among the other constituents of the index, Suzlon Energy Ltd increased 2.58% and Bharat Dynamics Ltd added 2.29% on the day. The BSE Capital Goods index went up 36.16 % over last one year compared to the 18.11% surge in benchmark SENSEX.

Mazagon Dock Shipbuilders Ltd has lost 9.18% over last one month compared to 7.29% fall in BSE Capital Goods index and 4.53% drop in the SENSEX. On the BSE, 8729 shares were traded in the counter so far compared with average daily volumes of 1.44 lakh shares in the past one month. The stock hit a record high of Rs 5859.95 on 05 Jul 2024. The stock hit a 52-week low of Rs 1797.1 on 14 Mar 2024.

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Net profit of Mazagon Dock Shipbuilders rose 75.76% to Rs 585.08 crore in the quarter ended September 2024 as against Rs 332.88 crore during the previous quarter ended September 2023. Sales rose 50.84% to Rs 2756.83 crore in the quarter ended September 2024 as against Rs 1827.70 crore during the previous quarter ended September 2023.

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Profit before tax stood at Rs 740.49 crore in second quarter of FY25, registering a growth of 82.1% on YoY basis.

EBITDA soared 78.74% YoY to Rs 765 crore in the quarter ended 30 September 2024. Operating margin improved to 17.64% in Q2 FY25 as compared with 8.49% registered in Q2 FY24.

Total expenses were at Rs 2,270.62 crore in September 2024 quarter, up 35.76% YoY. Cost of materials consumed was at Rs 1,367.95 crore (up 46.62% YoY) while power and fuel expenses stood at Rs 5.03 crore (up 6.12% YoY) during the period under review.

The shipbuilding company’s total order book stood at Rs 39,872 crore as on 30 September 2024.

Mazagon Dock Shipbuilders is principally engaged in building and repairing of ships, submarines, various types of vessels and related engineering products for its customers.

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Mazagon Dock Shipbuilders will hold a meeting of the Board of Directors of the Company on 5 November 2024

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