Mazagon Dock Shipbuilders Ltd
About
Mazagon Dock Shipbuilders Limited (MDL) , formerly called Mazagon Dock Limited, is a company with shipyards situated in Mazagaon, Mumbai. It manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling. It also builds tankers, cargo bulk carriers, passenger ships and ferries.MDL is a public sector undertaking managed by the Ministry of Defence, with the Government of India holding an 84.83% stake. Its shipbuilding segment has indigenously built stealth frigates, destroyers, guided-missile destroyers, corvettes, landing platform docks etc. vessels, while its submarine segment has built conventional submarines and stealth submarines. Both segments have also performed repair and refit activities.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 10568 24.1% | 8514 38.6% | 6144 32.9% | 4622 -15.4% | 5463 4.4% | 5231 3.9% | 5036 17.2% | 4296 -12.1% | 4888 16.9% | 4182 22.0% | 3427 20.1% | 2854 -10.0% | 3172 12.3% | 2824 -7.5% | 3051 -7.2% | 3290 - |
| Net Operating Income (INR Cr) | 9467 20.94% | 7827 36.52% | 5733 41.64% | 4048 -17.47% | 4905 6.30% | 4614 3.21% | 4470 26.65% | 3530 -14.47% | 4127 14.04% | 3619 0.00% | 2897 24.28% | 2331 2.36% | 2278 242.92% | 664 -78.61% | 3104 -3,177.37% | -101 54.49% |
| Profit (INR Cr) | 1937 73.1% | 1119 83.2% | 611 18.9% | 514 9.2% | 471 -11.6% | 532 7.3% | 496 -15.2% | 585 -1.8% | 596 15.5% | 516 29.7% | 398 -3.7% | 413 -16.5% | 494 103.0% | 244 1.4% | 240 -11.3% | 271 - |
| Assets (INR Cr) | 6815 27.9% | 5329 16.0% | 4593 5.5% | 4356 -2.8% | 4481 -3.1% | 4624 8.7% | 4253 -2.7% | 4373 10.0% | 3976 32.1% | 3009 29.1% | 2332 11.8% | 2087 0.5% | 2076 67.5% | 1240 24.0% | 1000 18.1% | 847 - |
| Net Worth (INR Cr) | 6243 31.2% | 4760 23.4% | 3858 12.4% | 3432 12.2% | 3059 -4.9% | 3217 13.5% | 2834 -4.9% | 2979 12.8% | 2642 -4.0% | 2753 0.0% | 2093 15.4% | 1814 19.5% | 1519 33.2% | 1140 19.3% | 955 23.1% | 776 36.5% |
| Employee Cost (INR Cr) | 897 13.1% | 793 -0.8% | 799 22.4% | 653 -16.4% | 781 13.2% | 689 -22.2% | 886 23.5% | 717 -5.0% | 755 7.8% | 700 11.7% | 627 3.6% | 605 4.3% | 580 -4.9% | 610 18.7% | 514 34.8% | 381 - |
| Interest Cost (INR Cr) | 9 | 9 | 14 | 11 | 13 | 36 | 20 | 17 | 16 | 8 | 0 | 2 | 27 | 3 | 7 | 8 |
| Cash & Bank Balance (INR Cr) | 14210 | 13286 | 11480 | 8028 | 5798 | 7470 | 7190 | 8363 | 8803 | 7618 | 5243 | 6005 | 5216 | 4611 | 2552 | 3131 |
| Total Debt (INR Cr) | 1 | 6 | 12 | 30 | 0 | 0 | 0 | 0 | 0 | 83 | 89 | 81 | 82 | 72 | 20 | 21 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 18.3% | 13.1% | 9.9% | 11.1% | 8.6% | 10.2% | 9.9% | 13.6% | 12.2% | 12.3% | 11.6% | 14.5% | 15.6% | 8.6% | 7.9% | 8.2% |
| Profit As % Of Assets | 28.4% | 21.0% | 13.3% | 11.8% | 10.5% | 11.5% | 11.7% | 13.4% | 15.0% | 17.1% | 17.1% | 19.8% | 23.8% | 19.6% | 24.0% | 32.0% |
| Profit As % Of Networth | 31.0% | 23.5% | 15.8% | 15.0% | 15.4% | 16.6% | 17.5% | 19.6% | 22.5% | 18.7% | 19.0% | 22.8% | 32.6% | 21.4% | 25.1% | 34.9% |
| Interest Cost to EBITDA % | 0.7% | 1.2% | 3.2% | 10.8% | 5.2% | 13.6% | 12.6% | 13.5% | 7.3% | 3.7% | 2.3% | 2.2% | 13.6% | 1.4% | 3.7% | 8.5% |
| Debt to Equity Ratio | 0.00 | 0.00 | 0.00 | 0.01 | - | - | - | - | - | 0.03 | 0.04 | 0.04 | 0.05 | 0.06 | 0.02 | 0.03 |
| RONW | 32.9% | 24.3% | 15.5% | 16.9% | 12.0% | 15.6% | 13.5% | 18.3% | 20.3% | 17.9% | 20.4% | 24.8% | 37.2% | 23.2% | 27.5% | 39.7% |
| ROCE | 40.1% | 28.5% | 17.1% | 16.8% | 16.3% | 18.3% | 15.5% | 20.2% | 26.4% | 25.1% | 26.6% | 30.8% | 43.4% | 32.9% | 42.6% | 53.6% |