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MAZAGON DOCK SHIPBUIL LTDMAZAGON DOCK SHIPBUIL LTDMAZAGON DOCK SHIPBUIL LTD

MAZAGON DOCK SHIPBUIL LTD

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MAZDOCK NSE:MAZDOCK (1D) CMP : 3,199.75 • Hovering Near All time High above all KMA • can see New All time High soon • Retested Base and bouncing again strongly • belongs to Relatively strong sector compared to others Sector : Ship Building Industry : Ship Building Market Cap : 64,552.90 cr. Category : Mid Cap PE : 33.33 Industry PE : 42.42 PEG : 1.83 About 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. 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 Gol company, conferred with the 'Mini-ratna-l' 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 Gol. • 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 Modernisation project. of the Mazdock • 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.
NSE:MAZDOCKLong
by Kenil_Rana
Mazagon dock shipbuilders limited has potential of 80%**Recommendation: Buy MDL (Mazagon Dock Shipbuilders Limited) for a target of 4000 in 1-2 years** **Technical Analysis:** 1. **Flag and Pole Breakout:** MDL's chart is showing a flag and pole breakout pattern, indicating a strong bullish momentum. This breakout pattern suggests that the stock price could continue to rise significantly. 2. **Current Market Price (CMP):** MDL's current market price is 221, which is below its recent high of 400. This presents a good entry point for investors looking to capitalize on the potential upside. **Fundamental Analysis:** 1. **India's Deal Cancellation with Turkey:** The recent news of India canceling its deal with Turkey and focusing on developing ships in India is a positive fundamental factor for MDL. This decision can lead to increased orders and business opportunities for Indian shipbuilders like MDL. 2. **Domestic Shipbuilding Opportunities:** With India's emphasis on boosting domestic manufacturing and self-reliance in defense and maritime sectors, MDL stands to benefit from government contracts and initiatives. **Target Price:** Considering the technical breakout, favorable fundamentals, and the potential growth in domestic shipbuilding, a target price of 4000 in 1-2 years seems achievable for MDL. **Risk Consideration:** Investors should be aware of general market risks, volatility in the shipping industry, and any geopolitical developments that could impact the company's operations and contracts. **Disclaimer:** This recommendation is based on current information and analysis. Investors should conduct their own research and consult with financial advisors before making investment decisions.
NSE:MAZDOCKLong
by TRADERSMONK07
Generational Wealth builder MAZDOCKMazagon Dock Shipbuilders Ltd is a government company with the biggest shareholder being the President of Bharat, a staggering 84.83% holding on his name. It receives around 300 crore from its deposits in bank and around 25 crore as dividend from Goa Shipyard Ltd. It currently has a large order book and is fully filled with work for the next 5 - 7 years making us tension free about the future for next decade. Being a company of GOI, it will always have the support of government. It is also investing in Research and development and has partnered with IIT Madras for various projects. All factors are positive and the management seems to be hard working and visionary. I believe that its a good company to park our wealth safely and sleep peacefully. Please do your own research before investing. If you like my analysis do like and follow. It gives me motivation to work more in this field Thank you
NSE:MAZDOCKLong
by ronak16125
MAZDOCK Breakout ReadyMazagon Dock Ship Builders Ltd. recently announced that the company will pay dividend to its shareholders for which the record date has been set at November 20, 2023. This will be the highest dividend the company has ever paid till date. We have previously seen the company pay dividend to its shareholders in the past so it has a good track record of giving growth & revenue to its shareholders. The company has a strong order book which gives it a fundamental boost to be a good pick for the long term. Coming to the charts, the stock has formed a triangle pattern that can give an aggressive breakout in the days to come. The daily RSI is trending around 50 which can give it a boost as its a sign that the momentum of the stock has not yet exhausted. The stock is also outperforming NIFTY which makes it a favorable pick.
NSE:MAZDOCKLong
by nikhilchhabra
One more breakout on the chartInvestment Thesis: Mazagon Dock Shipbuilders Limited (MDL) is a prominent defense public sector undertaking (DPSU) in India specializing in the construction of naval ships and submarines. MDL plays a crucial role in India's defense preparedness and naval capabilities. Here's an overview of the key factors supporting a long position in MDL: Key Points Supporting the Long Position: Strategic Importance: MDL is strategically positioned to benefit from India's growing focus on strengthening its naval capabilities. The government's commitment to modernizing the Indian Navy bodes well for MDL's order book. Robust Order Book: The company typically maintains a healthy order book, consisting of both domestic and international orders. A substantial backlog of naval ship and submarine construction contracts provides revenue visibility for the coming years. Defense Spending: India's increased defense spending and emphasis on 'Make in India' in the defense sector present opportunities for MDL to secure more contracts. Defense contracts are often long-term and can provide stability to the company's financials. Technical Expertise: MDL has a reputation for technical excellence in ship and submarine building. This expertise can give it a competitive advantage when bidding for new contracts. Government Backing: As a DPSU, MDL enjoys government backing and support. This can translate into financial stability and access to resources for expansion and modernization. Risk Factors to Consider: Order Delays: The defense industry can be subject to delays in contract execution due to various factors, including technical challenges and bureaucratic processes. These delays can impact revenue and profitability. Market Volatility: MDL's stock can be influenced by broader market trends and sentiment. Economic downturns or geopolitical tensions can affect the stock's performance. Regulatory Changes: Changes in government policies, regulations, or defense procurement procedures can impact MDL's operations and contracts. Competition: The defense sector has several players, both domestic and international. MDL faces competition in securing contracts, which can affect its market share. Position Management: Entry Point: Enter the long position at the current market price or at a point that you find favorable based on your analysis of the stock's fundamentals and technical indicators. Stop Loss: Set a stop loss at 8% below the entry price. This will help limit potential losses in case the stock price declines. Target Price: Determine your target price based on your risk appetite, investment horizon, and market conditions. Consider using technical analysis and key support/resistance levels to identify potential target points. Monitor and Adjust: Regularly monitor MDL's performance, stay updated on news related to the defense sector and the company, and be prepared to adjust your position or exit the trade if necessary. Remember that investing in stocks involves risks, and it's important to conduct thorough research, possibly consult with financial professionals, and make informed decisions that align with your financial goals and risk tolerance.
NSE:MAZDOCKLong
by RajputAmarjit