Latest news with #NGOPV
Mint
28-07-2025
- Business
- Mint
Mazagon Dock Q1 Results LIVE: PSU defence company likely to post strong growth; stock dips ahead of earnings
Mazagon Dock Q1 Results LIVE: Defence PSU company Mazagon Dock Shipbuilders is set to announce its earnings late today. The company last week informed that its board is slated to meet today, July 28, to consider and approve the standalone and consolidated earnings for the April-June quarter. According to analysts, Mazagon Dock is expected to report positive quarterly numbers with a robust growth outlook, buoyed by strategic momentum in India's defence shipbuilding. Mazagon Dock Share Price Mazagon Dock share price was trading marginally lower ahead of the Q1 results announcement. However, the PSU stock has delivered multibagger gains to investors, surging over 1950% in just three years. Track this space for LIVE updates on Mazagon Dock Q1 results. Follow updates here: 28 Jul 2025, 12:39 PM IST Mazagon Dock Q1 Results LIVE: Seema Srivastava, Senior Research Analyst at SMC Global Securities, said Mazagon Dock Shipbuilders is likely to report positive quarterly numbers with a robust growth outlook, buoyed by strategic momentum in India's defence shipbuilding. 'The company recently initiated keel laying for its first Next Generation Offshore Patrol Vessel (NGOPV) for the Indian Coast Guard—highlighting its expanding technical capabilities with AI and drone integration, which is likely to support its earnings and margins,' she said. 'Earlier management projected mid single digit to low double digit revenue growth for FY26, alongside healthy profit before tax margins around 15% a signal of operational discipline and improved execution compared to FY25 After a challenging Q4 FY25 characterized by one off provisioning effects, Q1 is seen as a potential turning point for margin recovery and stabilization Investors will track order pipeline developments closely, particularly around submarine projects (P75 additional and P75I) and coastal patrol builds that support India's strategic maritime needs and forward margins,' Srivastava opined. 28 Jul 2025, 12:15 PM IST Mazagon Dock Q1 Results LIVE: Directors of Mazagon Dock Shipbuilders Limited considered and approved the acquisition of a controlling and substantial stake of Colombo Dockyard PLC (a company listed on Colombo Stock Exchange, Sri Lanka) by way of an investment not exceeding $52.96 million (i.e., approximately ₹ 452 crore considering prevailing exchange rate) in the securities of CDPLC through a combination of primary subscription and secondary acquisitions from the shareholders of CDPLC (including Onomichi Dockyard Co. Ltd), a majority shareholder of CDPLC. 28 Jul 2025, 11:56 AM IST Mazagon Dock Q1 Results LIVE: According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Mazagon Dock Shipbuilders' share price has witnessed a sharp correction over the past two months, sliding from 3700 to 2900. 'The momentum remains weak unless clear bullish reversal signs emerge. The next crucial support lies near 2750, which aligns with the golden Fibonacci retracement level and the May swing low. Given the oversold conditions, some respite could be expected around these levels. On the upside, 3050 remains a stiff resistance, coinciding with the 89 EMA and 20 DEMA,' Bhosale added. 28 Jul 2025, 11:38 AM IST Mazagon Dock Q1 Results LIVE: Mazagon Dock share price declined almost 1.5% in intraday trade on Monday. The defence PSU stock is expected to post a robust set of earnings, however, the weak Indian market sentiment kept sentiment for the scrip subdued. Mazagon Dock shares hit a low of ₹ 2844.10 on the BSE today. As of 11.37 am, the PSU stock was trading at ₹ 2856 apiece, down 1.06%. 28 Jul 2025, 11:27 AM IST Mazagon Dock Q1 Results LIVE: Mazagon Dock Shipbuilders board is set to meet today to consider and approve the unaudited earnings. "This is to inform, that a meeting of the Board of Directors of Mazagon Dock Shipbuilders Limited is scheduled on Monday, 28 July 2025, inter alia, to consider and approve the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended on 30 June 2025," the company said in a filing on July 22.
Mint
28-07-2025
- Business
- Mint
Mazagon Dock Shipbuilders share price dips ahead of Q1 results today. Opportunity to buy?
Mazagon Dock Shipbuilders share price slipped over 1% on Monday's session ahead of its Q1 results 2025 today. In its filing with the exchange, the company mentioned that its board of directors is set to convene on July 28, 2025 to review and approve the unaudited financial results for the quarter ending on 30 June 2025. Seema Srivastava, Senior Research Analyst at SMC Global Securities, said that Mazagon Dock Shipbuilders is likely to report positive quarterly numbers with a robust growth outlook, buoyed by strategic momentum in India's defence shipbuilding. Srivastava noted that the company recently initiated keel laying for its first Next Generation Offshore Patrol Vessel (NGOPV) for the Indian Coast Guard—highlighting its expanding technical capabilities with AI and drone integration, which is likely to support its earnings and margins. Also, earlier management projected mid single digit to low double digit revenue growth for FY26, alongside healthy profit before tax margins around 15% a signal of operational discipline and improved execution compared to FY25. After a challenging Q4 FY25 characterised by one off provisioning effects, Q1 is seen as a potential turning point for margin recovery and stabilisation, explained Seema. 'Investors will track order pipeline developments closely, particularly around submarine projects (P75 additional and P75I) and coastal patrol builds that support India's strategic maritime needs and forward margins,' added Srivastava. Mazagon Dock Shipbuilders experienced a 51% decline in consolidated net profit for Q4FY25, reporting ₹ 325 crore compared to ₹ 663 crore from the same period last year. In the same quarter, the company's revenue from operations reached ₹ 3,174 crore, reflecting a 2.3% increase from ₹ 3,103 crore reported in the previous year's corresponding quarter. The profit after tax (PAT) dropped 60% sequentially from ₹ 807 crore in Q3FY25, while revenue from operations saw a slight rise of 1% when compared to the ₹ 3,144 crore reported for the October-December quarter of FY25. Q4 expenses surged by 20% to ₹ 3,114.11 crore, up from ₹ 2,604 crore in the same quarter of the previous financial year. This also represented a 31% increase from the ₹ 2,367 crore registered in Q3FY25. The rise in expenses was attributed to several factors, including the cost of materials consumed, procurement of base and depot spares, finance costs, and employee benefit expenses. Mazagon Dock Shipbuilders share price today opened at ₹ 2,886.70 apiece on the BSE, the stock touched an intraday high of ₹ 2,907.80 apiece, and an intraday low of ₹ 2,844.10. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Mazagon Dock Shipbuilders share price has witnessed a sharp correction over the past two months, sliding from 3700 to 2900. The momentum remains weak unless clear bullish reversal signs emerge. The next crucial support lies near 2750, which aligns with the golden Fibonacci retracement level and the May swing low. Given the oversold conditions, some respite could be expected around these levels. On the upside, 3050 remains a stiff resistance, coinciding with the 89 EMA and 20 DEMA. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
India Gazette
09-06-2025
- Business
- India Gazette
Keel laid for fourth ship in prestigious Next Generation Offshore Patrol Vessel programme
Goa [India], June 9 (ANI): Goa Shipyard, a premier defence Public Sector Undertaking under the Ministry of Defence, marked a significant milestone in the nation's maritime capability-building journey with the keel laying of Yard 1283; the fourth ship in the prestigious Next Generation Offshore Patrol Vessel (NGOPV) series for the Indian Navy, as per a company statement. The ceremony was held on Monday and was graced by Vice Admiral Krishna Swaminathan, who laid the keel in a solemn and dignified tradition steeped in naval heritage. The keel laying marks continued progress in the construction of seven NGOPVs, being designed and built entirely in-house by Goa Shipyard under a Rs 6,200 crore contract signed on March 30, 2023. The vessels are tailored to the operational requirements of the Indian Navy and stand as a testament to India's maturing indigenous design and shipbuilding capabilities. According to the Goa Shipyard statement, each vessel will be 114 metres in length, 14.6 metres in beam, with a displacement of 2,700 tonnes. The ships will feature dual diesel propulsion with Controllable Pitch Propellers and be equipped with cutting-edge indigenous weapons and sensor suites. Vice Admiral Swaminathan commended the Ministry of Defence, Indian Navy, and the Indian shipbuilding industry for their unwavering dedication to self-reliance in defence production. He expressed satisfaction at the quality and pace of execution of critical naval projects, and praised the shipyard's relentless pursuit of excellence amid demanding timelines. Chairman and Managing Director of Goa Shipyard, Brajesh Kumar Upadhyay, highlighted the shipyard's accelerated growth trajectory, underpinned by its resolute focus on indigenisation, technology absorption, and quality execution. He emphasised that Goa Shipyard's evolving capabilities have placed it at the forefront of India's naval shipbuilding map, with an impressive indigenous content in ongoing projects. 'These strategic orders reflect not just the scale of trust, but also the scope of responsibility placed upon us,' said the CMD, adding that 'GSL stands committed to delivering world-class warships built on the pillars of self-reliance, innovation, and national service.' Goa Shipyard's shipbuilding activities are not only strengthening India's maritime security apparatus but are also significantly contributing to national economic growth by invigorating the local ecosystem, empowering MSMEs, and creating thousands of employment opportunities. 'The shipyard's expanding order book and indigenous manufacturing ethos are emblematic of a resurgent India taking confident strides towards 'Atmanirbharta',' the company statement added. (ANI)
New Indian Express
23-05-2025
- Business
- New Indian Express
Garden Reach Shipyard to construct Rs 25,000 crore next-gen Corvettes for Navy
NEW DELHI: The Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) on Thursday won the contract to construct the Indian Navy's Next Generation Corvettes (NGC) as it emerged as the lowest bidder (L1) in a bidding process. Meanwhile, an order of around 180 crore from Bangladesh stands cancelled. The GRSE in a statement said, "The shipyard participated in the competitive bidding process and has emerged as lowest bidder. GRSE will thus be awarded the contract to build five (05) Next Generation Corvettes at an estimated cost of approximately Rs 25,000 crore." As per GRSE, "These Next-Generation Corvettes shall be capable of fulfilling the roles of Offensive SSM attack, Anti-Missile Defence, Surface Action Groups for Maritime Strikes, ASW and many other Maritime Operations. The warship will also incorporate Green Warship design features, energy efficient & environment friendly technologies." GRSE is already building four Next Generation Offshore Patrol Vessels (NGOPV) for the Navy, apart from three Advanced Guided Missile Frigates, eight Anti-Submarine Warfare Shallow Water Crafts of which one has already been delivered to Indian Navy and four Survey Vessels (Large) of which two have been delivered.
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Business Standard
29-04-2025
- Business
- Business Standard
Shipbuilding stocks rally up to 14%, MDL hits record high; here's why
Share price of shipbuilding companies today: Shares price of listed state-owned shipbuilding companies moved higher by up to 14 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes in an otherwise subdued market. In comparison, the BSE Sensex was up 0.13 per cent at 80,420 at 12:48 PM. Share price of Mazagon Dock Shipbuilders (MDL) hit a record high of ₹ 3,035, soaring 9 per cent in intra-day trade on the back of over two-fold jump in trading volumes. The stock surpassed its previous high of ₹ 2,929.98 touched on July 5, 2024. Garden Reach Shipbuilders & Engineers (GRSE) shares rallied 14 per cent to ₹ 1,9,90 on the back of four-fold jump in average trading volumes. A combined 11.31 million equity shares of GRSE changed hands on the NSE and BSE. Shares of Cochin Shipyard surged 11 per cent to ₹ 1,667.85. The average trading volumes on the counter rose nearly five-fold with a combined 7.63 million equity shares changing hands on the NSE and BSE. What's fuelling the rally in GRSE stock price? In the past two trading days, the stock price of GRSE has zoomed 23 per cent after the company announced it will enter into a thirty-year lease agreement (non-renewable) with Syama Prasad Mookerjee Port, Kolkata (SMPK) for a land parcel at Timber Pond, Howrah. The proposed leased land, with its valuable waterfront access, will support GRSE's initiatives in shipbuilding, ship repair and other engineering activities. Further this step would align with GRSE's long-term vision to strengthen its infrastructure in line with the growing domestic and export demand, ICICI Securities said in a note. Meanwhile, GRSE marked a major milestone with the keel laying of Yard 3040, the fourth Next Generation Offshore Patrol Vessel (NGOPV) under construction at the shipyard. The contracts for indigenous design and construction of eleven NGOPV were concluded with GRSE, and Goa Shipyard (GSL) with seven ships to be constructed by Lead Shipyard GSL and four ships by Follow Shipyard GRSE. Share price of MDL zooms 58% from February low Share price of MDL has zoomed 58 per cent from its February month low of ₹ 1,917.95. MDL is the only public sector defence shipyard constructing destroyers & submarines. Currently, MDL has a capacity of building 11 submarines & 10 warships (including destroyers, frigates & other vessels) concurrently. MDL is well positioned to benefit significantly from an already strong order backlog and robust orders pipeline. Execution is expected to remain strong, led by increasing indigenisation levels, according to analysts. In April 2025, the government of India had sold 14.56 million equity shares representing 3.61 per cent stake in MDL via offer-for-sale (OFS) route. The government had the fixed floor price of ₹ 2,525 per share. Opportunities for shipbuilding sector Provisions in the Union Budget of 2025-26 for establishment of a ₹ 25,000 maritime fund, introduction of Revamped Shipbuilding Financial Assistance Policy with an outlay of ₹ 18,090 crore, classification of large ships as infrastructure assets etc are expected to boost shipbuilding industry's growth over the long term. Large ships are classified as infrastructure assets to facilitate long-term, low-cost financing. Exemption of Basic Customs Duty on raw materials, components, consumables or parts for the manufacture of ships for another 10 years. Make in India/Indigenization: The Indigenization Plan of the Indian Navy up to 2015-2030 states that the industry, including the private sector, can play a vital role in parts to meet the sophisticated needs of the armed forces through cost-effective utilization of its know-how and existing infrastructure, in pursuance of the Government of India's (GoI) vision of Make in India. Sagarmala Project: As per this project, coastal and inland waterways traffic is expected to shoot up 15 times over the next 20 years. Similarly, capacity augmentation is expected to result in a five times rise in traffic capacity, from the existing 350 million tonnes. This is expected to bring in additional ship repair business. ICRA's view on shipbuilding sector India has the potential to develop as a shipbuilding hub due to its expertise in heavy engineering, its long coastline, proximity to major trading routes and low-cost labour. Several bills have been introduced in the Parliament such as The Coastal Shipping Bill 2024, The Merchant Shipping Bill 2024 etc. to revitalise the shipbuilding sector. These laws enacted recently and provisions in Budget 2025-26 are expected to boost the shipbuilding industry's growth and provide impetus to ship ownership in India. Despite these GoI initiatives – a lot more needs to be done such as higher financial assistance in line with what the other nations provide and tax breaks.
