Angel Broking: Mazagon Dock Shipbuilders IPO - Investment Rationale
Launching of ‘Vela’ Fourth Scorpene class Submarine (image: Company website)

Angel Broking: Mazagon Dock Shipbuilders IPO - Investment Rationale

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Angel Broking Report

Mazagon Dock Shipbuilders Ltd. is India's leading defence public sector undertaking shipyard under the Ministry of Defence (MoD).

Mazagon Dock is primarily engaged in constructing and repairing warships and submarines for MoD and other types of vessels i.e. cargo ships, multipurpose support vessels, barges and border outposts, tugs, dredgers, water tankers, etc. for commercial clients.

Currently, Mazagon Dock has strong order book of around Rs 54,074 crore that provides revenue visibility for long-term.

Order book comprises of four P-15 B destroyers, four P-17A stealth frigates, repair and refit of a ship, four Scorpene class submarines and one medium refit and life certification of a submarine.

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Angel Broking Mazagon Dock Shipbuilders IPO Note.pdf

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