Heavy buying witnessed: Revision in price band for this multibagger ship building company stock which hit back-to-back 52-week high!
The stock has witnessed significant buying activity as it has given multibagger returns of more than 390 per cent in just one year.
On June 21, 2023, the shares of Mazagon Dock Shipbuilders Limited were trading in green at Rs 1307.20 per share on BSE. The stock hit a new 52-week high of Rs 1337.70 per share on BSE. The intraday high and low are Rs 1337.70 per share and Rs 1280.30 per share, respectively on BSE.
The price band has been revised for this shipbuilding company by 10 per cent. The price brands are as follows:
|
Upper Price Band
|
Rs 1,435.55
|
|
Lower Price Band
|
Rs 1,174.55
|
Mazagon Dock Shipbuilders Ltd is principally engaged in the construction and repair of ships, submarines and various types of vessels, as well as related engineering goods for a variety of domestic and foreign clients. It was formed as a private limited company in 1934 and was taken over by the Government of India in 1960.
The key highlights of Q4FY23 (consolidated):
· Total revenue stood at Rs 2,079 crore in Q4FY23, witnessing a surge of 48.92 per cent YoY basis, as compared to Q4FY22.
· The operating profit for Q4FY23 is at Rs 211 crore, surge of 174.02 per cent on YoY basis as compared to Q4FY22.
· Net profit of Rs 318 crore for Q4FY23 is up by 119.31 per cent on YoY basis, compared to Q4FY22.
DSIJ offers a service 'multibagger Pick" with recommendations for multibagger stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
The key highlights of FY23 (consolidated):
· Total revenue stood at Rs 7,827 crore, up 36.52 per cent over FY22 on YoY basis.
· EBITDA stood at Rs 798 crore, up 80.54 per cent over FY22.
· Profit After Tax stood at Rs 1,073 crore, up 83.10 per cent over FY22.
Over the last five years, the company has generated a good profit growth of 19.5 per cent CAGR. The company has maintained a respectable dividend distribution of 30.2 per cent.
The stock has witnessed significant buying activity as it has given multibagger returns of more than 390 per cent in just one year. Investors should keep a close eye on this Mid-Cap multibagger industrial manufacturing stock.