Rs 38,755 crore order book: Multibagger shipbuilding company reported stellar Q4 and FY23 results!

The stock gave multibagger returns of 190 per cent in just 1 year whereas BSE Sensex Index is up by 12.73 per cent.

Mazagon Dock Shipbuilders Ltd, a leading shipbuilding company announced its Quarterly Results and annual results for the year ended March 31, 2023. Details below:

According to the quarterly consolidate results, the net sales increased by 48.85 per cent, operating profit skyrocketed by 104.43 per cent and net profit skyrocketed by 104.80 per cent in Q4FY23 compared to Q4FY22. The EPS for Q4FY23 stood at Rs 15.77.

According to the annual consolidate results, the net sales increased by 36.52 per cent, operating profit increased by 75.70 per cent and net profit increased by 85.77 per cent in FY23 compared to FY22. The EPS for FY23 stood at Rs 53.19. The company has an order book of Rs 38,755 crore as of March 31, 2023.  

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On Thursday, shares of Mazagon Dock Shipbuilders Ltd closed at Rs 814.75 per share, up by 0.86 per cent with an intraday high of Rs 829.85 and an intraday low of Rs 797.20. The shares of the company saw a spurt in volume by more than 3 times on BSE. The stock has a PE of 15.30x, a ROE of 30 per cent and a ROCE of 39 per cent. 

Mazagon Dock Shipbuilders Ltd is primarily engaged in building & repairing ships, submarines and various types of vessels and related engineering products for various domestic and international clients. It was incorporated as a private limited company in 1934 and was taken over by the Government of India in 1960.

The stock gave multibagger returns of 190 per cent in just 1 year whereas BSE Sensex Index is up by 12.73 per cent. Investors must keep an eye on this stock.