Mazagon Dock Shipbuilders Shows Strong Financial Performance in Q1 2024
Mazagon Dock Shipbuilders, a leading shipbuilding company in India, has recently announced its financial results for the quarter ended March 2024. The company has shown a very positive performance in this quarter, with a score of 23 out of 25, which is an improvement from the previous quarter's score of 21.
One of the key factors contributing to this positive performance is the company's Profit Before Tax (PBT) which has grown by 97.6% to Rs 499.92 crore, compared to the average PBT of the previous four quarters which was Rs 252.93 crore. This shows a very positive trend in the near term for the company's profitability.
Another significant aspect of the financial results is the company's Net Sales, which has grown by 47.1% to Rs 3,103.65 crore, compared to the average Net Sales of the previous four quarters which was Rs 2,110.38 crore. This indicates a strong growth in the company's sales and a positive trend in the near term.
The company's Profit After Tax (PAT) has also shown a significant growth of 65.7% to Rs 662.97 crore, compared to the average PAT of the previous four quarters which was Rs 400.05 crore. This further reinforces the positive trend in the company's financial performance.
In addition, Mazagon Dock has also achieved its highest Net Sales and PAT in the last five quarters, which is a testament to the company's strong performance and growth potential.
However, the company's Non Operating Income, which is 41.09% of its PBT, is a concern as it indicates a high reliance on non-business activities for income. This may not be a sustainable business model in the long run. The company's Non Operating Income has also shown a significant increase in the last five quarters, which may not be sustainable.
Overall, Mazagon Dock's financial results for the quarter ended March 2024 have been very positive and the company's stock has been given a 'Strong Buy' call by MarketsMOJO. With its strong financial performance and growth potential, Mazagon Dock is definitely a company to watch out for in the shipbuilding industry.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
{{text.big_txt}}
{{text .small_txt}}
{{dashverdictresult.dashboard.stock_details.short_name}}
SEND BY EMAIL
Register now to see if the stock’s characteristics match your investment style
Subscribe now to see if the stock's characteristics match your investment style
{{dashverdictresult.dashboard.risk_return_voltality.risk_type}}, {{dashverdictresult.dashboard.risk_return_voltality.return_type}}
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
Create your portfolio and know how much should this stock be in your portfolio
Subscribe now to know how much you should hold in this stock
We have found 2 better stocks that you can consider
{{dashverdictresult.dashboard.return_text}}
Investors Returns (3 years) –
| Period | 6M | 1Y | 2Y | 3Y |
| {{ keyd.val }} | ||||
| {{ keyd.val }} |
Quality: {{dashverdictresult.dashboard.dotsummary.q_txt}}
Valuation: {{dashverdictresult.dashboard.dotsummary.v_txt}}
Quarterly Financial Trend: {{dashverdictresult.dashboard.dotsummary.f_txt}}
Technicals: {{dashverdictresult.dashboard.dotsummary.tech_txt}}
Stock Info:
BSE – {{dashverdictresult.dashboard.stock_details.scripcode}}/ NSE – {{dashverdictresult.dashboard.stock_details.symbol}}
Market Cap – {{dashverdictresult.dashboard.priceinfo.mcap_class}} (Rs. {{dashverdictresult.dashboard.priceinfo.mcap| number :0}} cr)
Sector – {{dashverdictresult.dashboard.stock_details.ind_name}}
52 w H/L (Rs.) – {{dashverdictresult.dashboard.priceinfo.wk_high52}}/{{dashverdictresult.dashboard.priceinfo.wk_low52}}
Average vol (6M) – {{dashverdictresult.dashboard.priceinfo.vol}}
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
