Latest news with #MazagonDockShipbuildersLtd
Yahoo
02-06-2025
- Business
- Yahoo
Mazagon Dock Shipbuilders Ltd (BOM:543237) Q4 2025 Earnings Call Highlights: Record Revenue and ...
Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Mazagon Dock Shipbuilders Ltd (BOM:543237) reported the highest revenue from operations at 11,431 crores, indicating strong financial performance. The company has a robust order book, expected to increase significantly with upcoming contracts for P75 additional submarines and P75I submarines. Mazagon Dock Shipbuilders Ltd (BOM:543237) is expanding its capacity to construct 11 submarines and 10 major warships simultaneously, indicating growth potential. The company is diversifying its client base, securing significant contracts from ONGC and a European client, reducing dependency on the Ministry of Defense. Mazagon Dock Shipbuilders Ltd (BOM:543237) is poised to benefit from global shipbuilding trends and geopolitical tailwinds, potentially increasing future orders. The company has made provisions for potential losses on two contracts due to increased costs, impacting profitability. Revenue growth is expected to slow down temporarily as new large contracts take time to execute. The company's EBITDA margin guidance is conservative at 15%, despite achieving higher margins in recent quarters. Subcontracting and outsourcing costs have increased, impacting overall expenses. There are uncertainties and delays in signing major contracts, which could affect the order book and revenue recognition timelines. Warning! GuruFocus has detected 6 Warning Sign with BOM:543237. Q: Over the next 2-3 years, what kind of EBITDA margin should we expect? Will the current level of EBITDA margins be maintained or increased? A: The MDL expects margins and profitability to significantly improve as major orders materialize. We anticipate signing the P75 additional submarines and P75 submarines contract this financial year, which will increase our order book significantly. These projects, along with efficiency initiatives, are expected to enhance overall profitability. (Captain Jag Mohan, Chairman and Managing Director) Q: Can we expect similar revenue growth over the next 2-3 years, or will it slow down due to large contract execution? A: While we have seen a 20% growth year-on-year, the order book for new projects is delayed, which may affect immediate growth. However, we expect a growth rate of around 8-10% annually as new projects progress. (Ruchi Ragarwal, Director of Finance and CFO) Q: Are there any plans to list Goa Shipyard Limited, in which the company holds a substantial stake? A: The decision to list Goa Shipyard Limited is up to the government, as they hold a majority stake. We will continue as shareholders based on government guidelines. (Captain Jag Mohan, Chairman and Managing Director) Q: What is the expected capacity increase over the next 3-4 years? A: We have augmented our capacity to construct 11 submarines and 10 major warships simultaneously. We are also planning significant CapEx to further increase capacity, potentially doubling it once fully operational. (Captain Jag Mohan, Chairman and Managing Director) Q: What is the status of the P75I submarine project? A: Our technical offer has been accepted, and we are in the early phases of commercial negotiations. Once these conclude, the contract will be signed. (Captain Jag Mohan, Chairman and Managing Director) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Effettua l'accesso per consultare il tuo portafoglio
Mint
29-05-2025
- Business
- Mint
Recommended stocks to buy today: Top stock picks by market experts for 29 May
The Nifty 50 slipped 63 points, or 0.3%, to close at 24,752, while the Sensex shed 240 points, or 0.29%, ending at 81,312. Sectoral weakness in FMCG, auto, pharma, and metal stocks further weighed on the index. Overall, the market remained cautious ahead of key upcoming events, including the release of GDP growth data and the monthly F&O expiry. Here are the top stock picks for today as recommended by some of India's top market experts. Top 3 stock recommendations for today, 29 May, by Ankush Bajaj Buy: Mazagon Dock Shipbuilders Ltd (Current price: ₹3,663) Buy: LT Foods Ltd (Current price: ₹422) Read more| NTPC's project execution delays remain its Achilles heel Two stock recommendations for today, 29 May, by MarketSmith India: Indraprastha Gas Ltd (current price: ₹213) Also Read: Four stocks to watch as India's space economy eyes $44 billion by 2033 SBFC Finance Ltd (current price: ₹108.50) Stocks to trade today as recommended by Trade Brains Portal: Balkrishna Industries Ltd (Current price: ₹ 2472) The company operates five tyre manufacturing plants across Rajasthan, Maharashtra, and Gujarat. In FY25, it sold 3,15,273 metric tonnes (MT) of tyres, marking 8% year-on-year growth. Financial performance (FY25): Revenue: ₹10,447 crore (+11.5% YoY) Ebitda: ₹2,682 crore (+16% YoY) Ebitda margin: 25.26% (+50 bps YoY) PAT: ₹1,655 crore (+12.5% YoY) Of total FY25 volumes, 59.9% came from agriculture and 36.6% from the off-the-road (OTR) segment. Europe accounted for 45.1% of volumes, while India contributed 28.6%. BKT has guided for 17% CAGR in revenue through FY30, aiming to reach ₹23,000 crore. It plans to invest ₹3,500 crore over the next three years to expand facilities in Bhuj for carbon black, power generation, CV tyres, rubber tracks, and PCR tyres. In the OHT segment, ongoing capex and de-bottlenecking will boost capacity by 35,000 MTPA to 425,000 MTPA. The company aims to raise the OHT segment's contribution to 70% of total revenue by FY30. Read more | Tata Sons feels the heat as TCS shrinks dividend for the first time in 20 years Symphony Ltd (Current price: ₹ 1214) The company has built strong IP-led differentiation, holding 201 trademarks, 64 registered designs, 15 copyrights, and 48 patents. Its product range includes 15+ industrial and commercial cooler models, backed by direct presence on four continents. Financial performance (FY25): Revenue: ₹1,576 crore (+36% YoY) EBITDA: ₹316 crore (+83% YoY) PAT: ₹213 crore (+44% YoY) Of total revenue, 90% ( ₹1,065 crore) came from the domestic market, with the remaining 10% ( ₹117 crore) from exports. Symphony pegs its global brand value at ₹13,000 crore. The company is focusing on expanding exports, particularly to the USA, Brazil, Europe, the Middle East, and other high-potential regions. Brazil, the world's fourth-largest cooler market, remains a strategic focus. Symphony plans to deepen its product offerings and expand its dealer network. It is also investing in innovation—offering features like digital controls, fuzzy logic, stylized design, and low-resource optimization. Having pioneered BLDC (brushless DC motor) coolers in India, Symphony is now exploring the BLDC fan market. It aims to tap into the growing $2 billion segment, expected to expand at 9–9.5% CAGR through 2029. Two stocks as recommended by Raja Venkatraman of NeoTrader Astra Microwave Products has delivered a solid financial performance in Q4FY25, showcasing strong growth in the aerospace and defence sector. The last reported numbers indicated that the revenue has now moved to ₹407.85 crore, reflecting a 15.23% year-over-year increase. Astra Microwave maintained an operating margin of 26.60%, demonstrating profitability despite market competition. On a quarter-on-quarter basis, revenue spiked by 57.75%, increasing from ₹258.54 crore in Q3 FY25 to ₹407.85 crore in Q4. Similarly, net income rose 54.94% QoQ, reinforcing financial strength. Another interesting newsflow is that Radhakishan Damani, a well-known investor, has returned to the company, participating in this fundraise, which further highlights the growing appeal of Astra Microwave's market prospects. In addition to financial instruments, Astra Microwave has undergone leadership and board changes, introduced new strategic perspectives while adjusting to evolving industry dynamics. The stock after a sterling performance till May 2024 faced a huge selloff much ahead of the market exhaustion and the profit booking that ensued resulted had undergone a painful scenario in the last set of weeks indicating that the time is challenging. However, the strong decline had erased 50% of the rise seen since March 2023 to some strong set of supports around 600. Around this level, the prices encountered some steady buying interest that held back the decline, push the prices higher. The strong and steady rise that we witnessed backed by buoyant financials and robust participation helped the prices surge higher. Eventually the rise managed to create a fresh new high and the robust participation is indicating a buying opportunity at current and on declines. Currently the strong surge seen in the prices has resulted in the prices doubling from the March lows highlighting the strong recovery seen in this counter. The quick turnaround in the trend of Astra Microwave's share price, signaling strong investor confidence and optimism about future prospects. As we look into the future, Astra Microwave's focus on financial discipline, operational efficiency, and strategic investments will play a crucial role in shaping its future growth trajectory and establishing itself as a leading player in the defence industry. With increasing revenue, profitability improvements, investor confidence, and corporate initiatives, Astra Microwave is positioned for sustained expansion. Considering the current scenario, one should consider buying at current levels and on dips near ₹1070 with a stop below ₹1045 for a rise to ₹1280-1325. GSK, is a global healthcare company specializing in pharmaceuticals, vaccines, and consumer healthcare products. It is one of the world's largest research-based pharmaceutical companies, focused on discovering, developing, manufacturing, and marketing human health products. GlaxoSmithKline has a long history, with its origins in India dating back to 1924. In the last reported numbers of Q4 FY25 GlaxoSmithKline Pharmaceuticals Ltd. (GSK) has demonstrated strong financial performance in, reinforcing its position in the pharmaceutical sector. The company reported a 35% increase in net profit, reaching ₹263 crore, compared to ₹194.48 crore in the same quarter last year. Revenue from operations rose to ₹974.37 crore, reflecting steady growth. GSK's full-year revenue stood at ₹3,723 crore, marking a 9% increase, while profit after tax before exceptional items surged 32% to ₹915 crore. The company also announced a final dividend of ₹42 per equity share, highlighting its commitment to shareholder returns. After a volatile upward trajectory since October 2023 the ride lower from July 2024 was a scary one as the fast-paced decline had no respite and combined with the bearish market forces the trends capitulated. However, since the beginning of 2025 the situation began to improve and the prices also factored the volatility surrounding the Trump Tariff showdown. As things began to clear regarding his stance on Pharma and the implementation of the tariff the resistances began to give away. As seen on the higher timeframe charts , Glaxo demonstrated long body candles highlighting the robust participation. With the momentum too favouring some potential upside the tailwinds in this counter could carry the prices higher. The prices have been witnessing rampant volatility and the swift recovery is definitely a signature of more upside in store. Looking ahead, GSK remains committed to sustained above-market growth, with a focus on innovation and strategic expansion. The company's 100th Annual General Meeting is scheduled for June 27, 2025, where further strategic decisions are expected. With strong financial results, new product launches, and positive investor sentiment, GSK is well-positioned for continued success in the pharmaceutical industry. With robust volumes building up one can consider buying dips near ₹3180, stop ₹3100 target ₹3480-3650. Also Read: LIC's growth perils curb stock's valuation Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India: Trade name: William O'Neil India Pvt. Ltd; Sebi-registered research analyst registration number: INH000015543 Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
07-05-2025
- Business
- Mint
Operation Sindoor: What's next for Indian defence stocks?
The defence sector has come into sharp focus following India's retaliatory attacks targeting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir early Wednesday. As during any crossborder conflict, the escalating tensions between the nuclear-armed neighbours are expected to boost earnings for domestic defence companies. A strong and resilient export outlook further strengthens the sector's prospects, said experts. Since the terror attack on tourists in Kashmir's Pahalgam area on 22 April, the Nifty Defence index has increased 2.99%, significantly outperforming the Nifty 50 , which has gained 1.2% over the same period. Following India's attacks on Wednesday, codenamed ' Operation Sindoor ', the Nifty 50 and Sensex held strong despite early jitters , ending the day's trading session in the green. Among domestic defence-related companies, Hindustan Aeronautics Ltd has gained 3.88% over the past fortnight, Bharat Dynamics Ltd has gained 1.85%, and Mazagon Dock Shipbuilders Ltd, 2.33%. Vikas Gupta, chief executive officer and chief investment strategist at OmniScience Capital, said the prospect of retaliatory action by Indian armed forces following the Pahalgam terror attack had intensified focus on the defence sector, with the defence ministry prioritising faster execution of projects. While the order books of defence companies are large, spanning five-seven years, execution lagged, he said. 'Now, there is pressure to execute orders quicker, possibly within three years instead of five. This could accelerate revenue and earnings… If that happens, analysts could upgrade their projections for defence companies," said Gupta. A key growth trigger for India's defense sector was US President Donald Trump calling on Nato members to spend 5% of their GDP on defence. While India is not a member of the North Atlantic Treaty Organization, 'less-developed countries are turning to affordable Indian weapons systems, boosting the prospects for India's export", Gupta added. Also read | Operation Sindoor: Tensions spark worry over kharif sowing in border states Export opportunities for Indian defence manufacturers are significant as the global defence stockpile is at a 10-year low, said Vinit Bolinjkar, head of research at Ventura Securities, adding that only a few countries were shipping defence products. 'Russia is restricted in its export capabilities because any country buying from it risks sanctions from the US. Similarly, Israel, which is constantly engaged in conflict, has depleted its stockpile and cannot afford to export," Bolinjkar said. France is known more for its specialized, high-end defense equipment such as submarines and fighter jets, and not for conventional or cost-effective arms. In this scenario, India is well-positioned to fill the gap, especially in the segment of affordable, conventional defence equipment, Bolinjkar said. Within India's defence sector, sub-sectors such as aerospace and shipbuilding show significant potential, said experts. Anirudh Garg, partner and fund manager at Invasset PMS, said the collaboration between Tata Advanced Systems Ltd and Airbus SE for the first military aircraft to be built in India highlighted the long-term growth prospects of the domestic defence sector. 'The private defence sector is another area gaining momentum, with companies such as Adani Defence & Aerospace making headway in UAVs (unmanned aerial vehicles), missiles, and ammunition," Garg said. Also read | Govt may invoke ESMA to curb hoarding, ensure steady supplies post Operation Sindoormark Gupta of OmniScience Capital recommended that instead of betting on pure-play arms and ammunition companies, investors should look at companies that have an indirect exposure to the defence sector, such as those involved in critical minerals, cybersecurity, and drones. NMDC Ltd, Coal India Ltd, and Gujarat Mineral Development Corporation Ltd operate in the critical minerals segment. 'During a war, the priority often shifts from acquiring new platforms or systems to maximizing the operational capacity of the existing ones. For example, instead of placing new orders for an aircraft, the focus would be on ensuring that the existing aircraft are already in service are fully operational," Gupta said. This leads to increased demand for maintenance, repairs, and upgrades, rather than new purchases. Also, if the India-Pakistan conflict escalates into a full-blown war, companies involved in producing consumables, such as Solar Industries India Ltd and Bharat Dynamics Ltd, are likely to see more opportunities as demand for consumables increase, Gupta said.
Business Standard
07-05-2025
- Business
- Business Standard
Bharat Dynamics Ltd leads losers in 'A' group
Mazagon Dock Shipbuilders Ltd, Bombay Burmah Trading Corporation Ltd, Adani Energy Solutions Ltd and Krishna Institute of Medical Sciences Ltd are among the other losers in the BSE's 'A' group today, 07 May 2025. Mazagon Dock Shipbuilders Ltd, Bombay Burmah Trading Corporation Ltd, Adani Energy Solutions Ltd and Krishna Institute of Medical Sciences Ltd are among the other losers in the BSE's 'A' group today, 07 May 2025. Bharat Dynamics Ltd tumbled 5.94% to Rs 1436.95 at 14:47 stock was the biggest loser in the BSE's 'A' the BSE, 1.4 lakh shares were traded on the counter so far as against the average daily volumes of 1.38 lakh shares in the past one month. Mazagon Dock Shipbuilders Ltd crashed 5.55% to Rs 2803.9. The stock was the second biggest loser in 'A' the BSE, 4.84 lakh shares were traded on the counter so far as against the average daily volumes of 4.38 lakh shares in the past one month. Bombay Burmah Trading Corporation Ltd lost 4.16% to Rs 1759. The stock was the third biggest loser in 'A' the BSE, 2426 shares were traded on the counter so far as against the average daily volumes of 3184 shares in the past one month. Adani Energy Solutions Ltd slipped 4.16% to Rs 869.5. The stock was the fourth biggest loser in 'A' the BSE, 1.4 lakh shares were traded on the counter so far as against the average daily volumes of 2.02 lakh shares in the past one month. Krishna Institute of Medical Sciences Ltd dropped 3.87% to Rs 637.6. The stock was the fifth biggest loser in 'A' the BSE, 31443 shares were traded on the counter so far as against the average daily volumes of 26164 shares in the past one month.
Economic Times
07-05-2025
- Business
- Economic Times
Defence stocks see $5 billion rally as border tensions escalate
Indian defense firms have added more than $5 billion in market valuation since tensions escalated between the country and neighboring Pakistan following a brutal attack on tourists in Kashmir two weeks ago. ADVERTISEMENT A custom gauge of 10 Indian defense companies has gained about 5% in market value terms since the April 22 militant attack, amid expectations that these firms stand to benefit from the worsening geopolitical situation. The index includes state-run aircraft maker Hindustan Aeronautics Ltd. and missile firm Solar Industries India Ltd. Earlier Wednesday, India conducted targeted military strikes against Pakistan in a move seen as its retaliation of the Kashmir attack that killed 26 people. Pakistan said it shot down five Indian jets. Shares of defense companies were mostly higher in early trading Wednesday, with Mazagon Dock Shipbuilders Ltd. gaining as much as 4.6%, while Hindustan Aeronautics rose nearly 2%. (You can now subscribe to our ETMarkets WhatsApp channel)
