Rs 38,389 crore order book & DIIs increase stake: High ROE & high ROCE multibagger shipbuilding & allied services stock hit a fresh 52-week high today with heavy volume!

The shares of the company have an ROE of 27 per cent and an ROCE of 39 per cent.

Today, shares of Mazagon Dock Shipbuilders Limited (MDL) gained 11.34 per cent and made a fresh new Rs 3,207 per share from its previous closing of Rs 2,880.25. At the closing bell, shares of the company were trading at Rs 3,125.35 per share with a spurt in volume by more than 3 times on BSE.

Recently, this prominent Indian shipyard company celebrated its 250th anniversary today, commemorating its remarkable journey that began in 1774 as a small dry dock. Now a government-owned entity since 1960, MDL's 250 years epitomize resilience, growth, and a lasting legacy. To mark this momentous occasion, a series of events were held, including inaugurating newly acquired land, launching a prototype indigenous midget submarine ("Arowana"), commissioning a solar electric hybrid boat, releasing a commemorative coin, and conducting a technical seminar. The Defence Secretary, the chief guest, inaugurated the new land for expanded shipbuilding and repair capabilities.

MDL also launched the "Arowana," a prototype midget submarine, showcasing its progress in indigenous submarine design alongside its ongoing development of a full-scale conventional submarine. Additionally, the commissioning of a solar electric hybrid boat and a 24-seater fuel cell electric ferry highlighted MDL's commitment to sustainable technology. The Defence Secretary commended MDL for being a crown jewel of India and a leader in shipbuilding for the Indian Navy and commercial purposes.

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Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms.

The shares of the company have an ROE of 27 per cent and an ROCE of 39 per cent. As of December 31, 2023, the company’s order book stands at Rs 38,389 crore and as of March 2024, DIIs have increased their stakes to 0.66 per cent from 0.43 per cent in December 2023. The company has a market cap of over Rs 63,000 crore. The stock gave multibagger returns of 300 per cent in just 1 year and a whopping 1,400 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.