Mazdock - Undocked after 8M Rounding BottomMazdock renowned shipbuilding company has constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms.
Order Book
As of Q2 FY25, the company’s total order book was Rs. 39,872 Cr, which includes 37 vessels scheduled for delivery.
Order Book Mix:
Shipbuilding: 70%
Submarine and Heavy Engineering: 30%
Fundamentals
Company has excellent fundamentals with ROE and ROCE above 20% and increasing. Negative working capital, Debt free, increasing sales and profit with dividend payout of around 29%. Stellar Operating profit margin and rising along with increase in stakes of both DII and FII in recent quarter.
Technicals
On observing the chart, We could witness stock roaring 100% atleast after every consolidation of around 5-8 months. History tend to repeat itself. Fundamentals are good. Overall aerospace and defense sector are in good position. Check that custom index chart which was published. Mazdock has the potential to reach 5K which is 361.8% Fib level. In past, it has always reached that fib level. Pivot R3 is also around 5278.45. We can also see that breakout of rounding bottom pattern has occurred.
Disclaimer: Learning Purpose
