Rs 50,000 crore order book: This multibagger shipbuilding company delivers Third Stealth Destroyer to Indian Navy!

The stock gave multibagger returns of 200 per cent in just 6 months, 250 per cent in 1 year and over 1,100 per cent in 3 years.

Mazagon Dock Shipbuilders Ltd (MDL) informed that the company delivered the third stealth destroyer of the Project 15B Class Guided Missile Destroyer, named IMPHAL, to the Indian Navy. The ship is one of India's largest destroyers, with a length of 164 meters and a displacement of over 7500 tons.

It is a versatile platform capable of various maritime warfare missions and is equipped with advanced weaponry, including supersonic 'Brahmos’ missiles and 'Barak-8’ medium-range surface-to-air missiles. For undersea warfare, the destroyer features indigenous anti-submarine weapons and sensors, such as the Hull-mounted Sonar Humsa NG, heavy-weight torpedo tube launchers, and ASW rocket launchers.

IMPHAL can operate independently without support vessels and serves as the flagship of a Naval task force. It was delivered ahead of schedule, showcasing MDL's commitment to exceeding global benchmarks. This ship is the first in the P15B class to be fitted with upgraded Brahmos missiles with dual roles of long-range and land attack. IMPHAL was also the first naval warship to accommodate women officers and sailors. It has a crew capacity of 312, an endurance of 4,000 nautical miles, and can undertake missions of up to 42 days with extended operations.

The ship is propelled by a Combined Gas and Gas Propulsion Plant (COGAG) and boasts a high level of automation with sophisticated digital networks. The indigenous content in P15B Class Destroyers is 72 per cent, demonstrating India's focus on the 'Atmanirbhar Bharat' (self-reliant India) program. IMPHAL is the third ship in its class, with the fourth ship at an advanced stage of outfitting. MDL has a rich history of building indigenous warships and submarines, contributing significantly to India's naval capabilities.

Earlier, the company has signed a contract with the acquisition wing of the Ministry of Defence for the construction and delivery of one training ship for the Indian Coast Guard (ICG). The order is worth Rs 310 crore and will be completed within September 2026. The company’s order book stands over Rs 50,000 crore as of August 31, 2023, while its market cap is Rs 41,860 crore.

Additionally, the company marked its 250 glorious years of existence with excellence and expertise with the launch of the fourth Stealth Frigate of Project 17A ‘MAHENDRAGIRI’. With the launch of this mighty frigate, MDL continues its triumphant march towards self-reliance turning Aatmanirbhar Bharat into a reality. The overall budget for Project 17A is Rs 25,700 crore.

On Friday, shares of Mazagon Dock Shipbuilders Ltd plunged 2.55 per cent to Rs 2,075.45 per share from its previous closing of Rs 2,129.75. The stock gave multibagger returns of 200 per cent in just 6 months, 250 per cent in 1 year and over 1,100 per cent in 3 years. Investors should keep an eye on this shipbuilding stock.

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