1:2 Stock Split & Rs 34,787 Crore Order Book: Debt-Free Defence Shipbuilding Company; Keel Laying Ceremony of MPV (Y21001) for Navi Merchants
The stock gave multibagger returns of over 170 per cent from its 52-week low of Rs 995.38 per share and a whopping 2,000 per cent in 3 years.
Mazagon Dock Shipbuilders Ltd (MDL), a Navratna DPSU, commenced the production activity for Multi-Purpose Vessel (MPV) - Yard 21001 for Navi Merchants Denmark on 24 Sep 2024, In another milestone achievement, the Keel Laying Ceremony of the first ship of the project was held at MDL's South Yard on April 02, 2025. Mr. Biju George, CMD MDL, presided over the Keel Laying function in the presence of Mr. Peter Bertelsen, Technical Director, Navi Merchants, along with senior officials from the Classification Society (DNV) and MDL.
As per the contract signed between MDL and M/s Navi Merchant, MDL will design, build and deliver Six Multi-Purpose Vessels. The contract price of each vessel is approximately 14 million USD. The overall length of the vessel is 116.2m, with a dead weight of 7500 T. The vessel will be capable of attaining a speed of not less than 11.0 knots with shaft generator power take-off of about 85 kW. The vessel will be built under survey and certification with the rules of Det Norske Veritas (DNV) classification society. The vessel is scheduled for delivery in Apr 2026. Keel laying ceremony marks a significant milestone in the construction of the series of vessels by MDL.
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About the Company
Mazagon Dock Shipbuilders Limited (MDL), a renowned Indian shipyard established in 1774, has a rich history of building a wide range of vessels, including warships, submarines, cargo/passenger ships, and offshore platforms. Having constructed over 800 vessels since 1960, MDL has consistently demonstrated its shipbuilding prowess. In recognition of its significant contributions to India's Defence industry, MDL was conferred the prestigious 'Navratna' status in June 2024, joining the ranks of India's top-performing public sector enterprises. This elevation is a testament to MDL's strong financial performance, consistent track record, and commitment to strengthening India's defence capabilities.
According to its Quarterly Results, the net sales increased by 33 per cent to Rs 3,143.62 crore and net profit increased by 30 per cent to Rs 768.22 crore in Q3FY25 compared to Q3FY24. Looking at its nine-month results, the net sales increased by 30 per cent to Rs 8,257.47 crore and net profit increased by 68 per cent to Rs 1,986.92 crore in 9MFY25 compared to 9MFY24 In its annual results, the net sales increased by 24 per cent to Rs 10,568.05 crore and net profit increased by 73 per cent to Rs 1,936.97 crore in FY24 compared to FY23. As of December 31, 2024, the company is debt-free.
The shares of the company ex-traded stock split in the ratio of 1:2 i.e., the existing 1 equity share of the face value of Rs 10 each fully paid up shall be sub-divided/ stock split into 2 equity shares of the face value of Rs 5 each fully paid up. The record date for the stock split was Friday, December 27, 2024.
As of December 31, 2024, the company’s order book stands at Rs 34,787 crore and as of December 2024, FIIs & DIIs have increased their stakes to 1.55 per cent & 1.46 per cent, respectively compared to September 2024. The company has a market cap of over Rs 1,00,000 crore. The stock gave multibagger returns of over 170 per cent from its 52-week low of Rs 995.38 per share and a whopping 2,000 per cent in 3 years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.