The defence PSU stock is up for the seventh day in a row and is trading at a record high. Shares have gained 12% in the last seven trading sessions.
During the December quarter, Mazagon Dock had clocked its highest ever quarterly revenue and is anticipating revenue growth between 10% and 12% for financial year 2025 and 2026. The company also maintained its EBITDA margin guidance range between 12% and 15% for the previous financial year.
For the December quarter, Mazagon Dock’s revenue grew by 33%, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 52% in comparison to the same quarter last year.
The management mentioned during the previous earnings call that the order for P75I should be in place in the next financial year and that discussions could begin anytime soon.
Shipbuilding stocks, including Mazagon Dock have surged after “Operation Sindoor” earlier this month, in anticipation of more orders from the Indian Navy. Mazagon Dock’s peer, Garden Reach Shipbuilder has already emerged as the lowest bidder for a ₹25,000 crore order from the Indian Navy.
Out of the six analysts that have coverage on Mazagon Dock, four of them have a “buy” rating on the stock, while one analyst each have a “hold” and “sell” rating.
Mazagon Dock Shipbuilders shares are trading 1.3% higher at ₹3,712.4. The stock made a new record high of ₹3,750 in today’s session, extending its gains for 2025 to 65%.
