Mazagoan Dock Shipbuilders Ltd.
MAZDOCKIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
11 transcript(s)/analyst meet(s) served; 4 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 11 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| COVER_LETTER | 20220823 | 2022-06-30 | no | |
| COVER_LETTER | 20230607 | 2023-03-31 | no | |
| COVER_LETTER | 20230818 | 2023-06-30 | no | |
| COVER_LETTER | 20231116 | 2023-09-30 | no | |
| TRANSCRIPT | 20240221 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240605 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240821 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241111 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250213 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250606 | 2025-03-31 | yes | |
| TRANSCRIPT | 20251103 | 2025-09-30 | yes |
MAZDOCK
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 2,202.00 |
| 52-week range | 2065.2 – 2940.2 |
| Return 1M | -15.63% |
| Return 3M | -10.94% |
| Return 1Y | -25.11% |
| Return 3Y | 104.1% |
| Return 5Y | 1647.27% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 2,943.00 |
| Other income | 313.00 |
| Total income | 3,256.00 |
| Cost of materials consumed | 949.00 |
| Purchases of stock-in-trade | 597.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 289.00 |
| Finance costs | 44.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.81 | 0.00 |
| institutions foreign | 0.02 | -0.00 |
| institutions domestic | 0.05 | -0.00 |
| mutual funds | 0.01 | -0.00 |
| public | 0.19 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2023-09-30 | 4 |
| TRANSCRIPT | 2025-09-30 | 7 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,702.00 | 1,816.00 | 2,079.00 | 2,173.00 | 1,828.00 | 2,362.00 | 3,104.00 | 2,357.00 | 2,757.00 | 3,144.00 | 3,174.00 | 2,626.00 | 2,929.00 | 3,601.00 | 3,850.00 | 2,943.00 |
| Other income | 164.00 | 176.00 | 211.00 | 233.00 | 251.00 | 269.00 | 349.00 | 271.00 | 254.00 | 286.00 | 310.00 | 289.00 | 271.00 | 262.00 | 283.00 | 313.00 |
| Total income | 1,866.00 | 1,992.00 | 2,290.00 | 2,405.00 | 2,079.00 | 2,631.00 | 3,452.00 | 2,628.00 | 3,011.00 | 3,430.00 | 3,484.00 | 2,915.00 | 3,200.00 | 3,863.00 | 4,134.00 | 3,256.00 |
| Cost of materials consumed | 980.00 | 754.00 | 1,377.00 | 1,434.00 | 933.00 | 987.00 | 1,728.00 | 1,106.00 | 1,368.00 | 973.00 | 1,083.00 | 891.00 | 1,201.00 | 1,720.00 | 1,826.00 | 949.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 353.00 | 0.00 | 499.00 | 361.00 | 572.00 | 597.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 204.00 | 198.00 | 209.00 | 218.00 | 231.00 | 222.00 | 226.00 | 227.00 | 231.00 | 242.00 | 278.00 | 250.00 | 223.00 | 251.00 | 213.00 | 289.00 |
| Finance costs | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 8.00 | 6.00 | 10.00 | 44.00 |
| Depreciation and amortisation | 18.00 | 18.00 | 20.00 | 20.00 | 20.00 | 20.00 | 23.00 | 23.00 | 23.00 | 40.00 | 29.00 | 23.00 | 24.00 | 23.00 | 23.00 | 29.00 |
| Other expenses | 400.00 | 569.00 | 282.00 | 349.00 | 488.00 | 614.00 | 626.00 | 381.00 | 647.00 | 1,111.00 | 1,371.00 | 1,183.00 | 311.00 | 382.00 | 697.00 | 661.00 |
| Total expenses | 1,605.00 | 1,540.00 | 1,890.00 | 2,022.00 | 1,673.00 | 1,845.00 | 2,604.00 | 1,739.00 | 2,271.00 | 2,367.00 | 3,114.00 | 2,348.00 | 2,266.00 | 2,743.00 | 3,340.00 | 2,569.00 |
| Profit before exceptional items and tax | 261.00 | 452.00 | 400.00 | 383.00 | 407.00 | 786.00 | 849.00 | 889.00 | 740.00 | 1,063.00 | 370.00 | 567.00 | 934.00 | 1,120.00 | 793.00 | 686.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 261.00 | 452.00 | 400.00 | 383.00 | 407.00 | 786.00 | 849.00 | 889.00 | 740.00 | 1,063.00 | 370.00 | 567.00 | 934.00 | 1,120.00 | 793.00 | 686.00 |
| Current tax | 56.00 | 182.00 | 48.00 | 99.00 | 123.00 | 287.00 | 255.00 | 215.00 | 197.00 | 261.00 | 190.00 | 293.00 | 184.00 | 327.00 | 148.00 | 134.00 |
| Deferred tax | 10.00 | -68.00 | 54.00 | -2.00 | -20.00 | -92.00 | -33.00 | 7.00 | -9.00 | 34.00 | -111.00 | -145.00 | 40.00 | -45.00 | 12.00 | 40.00 |
| Tax expense | 66.00 | 114.00 | 103.00 | 97.00 | 103.00 | 195.00 | 222.00 | 223.00 | 188.00 | 294.00 | 79.00 | 148.00 | 224.00 | 282.00 | 161.00 | 174.00 |
| Profit for the period | 214.00 | 354.00 | 326.00 | 314.00 | 333.00 | 627.00 | 663.00 | 696.00 | 585.00 | 807.00 | 325.00 | 452.00 | 749.00 | 880.00 | 674.00 | 550.00 |
| Profit attributable to owners | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 0.00 | 0.00 | — | 0.00 | — | — | 679.00 | 549.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 0.00 | 0.00 | — | 0.00 | — | — | -5.00 | 1.00 |
| Other comprehensive income | -2.00 | -2.00 | -1.00 | -1.00 | -1.00 | -3.00 | -1.00 | -0.00 | -3.00 | 0.00 | -2.00 | -2.00 | 1.00 | -2.00 | 1.00 | 1.00 |
| Total comprehensive income | 212.00 | 352.00 | 326.00 | 313.00 | 332.00 | 624.00 | 662.00 | 696.00 | 582.00 | 807.00 | 323.00 | 450.00 | 750.00 | 878.00 | 675.00 | 551.00 |
| Earnings per share, basic | 10.61 | 17.56 | 16.17 | 15.59 | 16.50 | 31.08 | 32.87 | 34.51 | 29.01 | 20.01 | 8.06 | 11.21 | 18.58 | 21.81 | 16.84 | 13.62 |
| Earnings per share, diluted | 10.61 | 17.56 | 16.17 | 15.59 | 16.50 | 31.08 | 32.87 | 34.51 | 29.01 | 20.01 | 8.06 | 0.00 | 18.58 | 21.81 | 16.84 | 13.62 |
Annual results, as filed
| Line | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|
| Revenue from operations | 4,050.00 | 5,733.00 | 7,827.00 | 9,467.00 | 11,432.00 | 13,006.00 |
| Other income | 574.00 | 410.00 | 687.00 | 1,101.00 | 1,121.00 | 1,139.00 |
| Total income | 4,624.00 | 6,144.00 | 8,514.00 | 10,568.00 | 12,553.00 | 14,146.00 |
| Cost of materials consumed | 1,882.00 | 2,693.00 | 4,446.00 | 5,082.00 | 4,531.00 | 5,700.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 1,152.00 | 1,639.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 655.00 | 799.00 | 793.00 | 897.00 | 979.00 | 983.00 |
| Finance costs | 8.00 | 7.00 | 6.00 | 5.00 | 4.00 | 72.00 |
| Depreciation and amortisation | 60.00 | 75.00 | 76.00 | 83.00 | 115.00 | 97.00 |
| Other expenses | 1,289.00 | 1,807.00 | 1,791.00 | 2,077.00 | 2,711.00 | 2,419.00 |
| Total expenses | 3,894.00 | 5,380.00 | 7,111.00 | 8,143.00 | 9,491.00 | 10,909.00 |
| Profit before exceptional items and tax | 730.00 | 763.00 | 1,403.00 | 2,425.00 | 3,062.00 | 3,237.00 |
| Exceptional items | -126.00 | -14.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 604.00 | 749.00 | 1,403.00 | 2,425.00 | 3,062.00 | 3,237.00 |
| Current tax | 159.00 | 209.00 | 359.00 | 764.00 | 863.00 | 952.00 |
| Deferred tax | -9.00 | -23.00 | -2.00 | -148.00 | -78.00 | -137.00 |
| Tax expense | 150.00 | 186.00 | 357.00 | 616.00 | 784.00 | 815.00 |
| Profit for the period | 514.00 | 611.00 | 1,119.00 | 1,937.00 | 2,414.00 | 2,578.00 |
| Profit attributable to owners | 0.00 | — | 0.00 | — | — | 2,583.00 |
| Profit attributable to non-controlling interests | 0.00 | — | 0.00 | — | — | -5.00 |
| Other comprehensive income | 14.00 | -5.00 | -0.00 | -6.00 | -5.00 | -0.00 |
| Total comprehensive income | 528.00 | 606.00 | 1,119.00 | 1,931.00 | 2,408.00 | 2,578.00 |
| Earnings per share, basic | 25.48 | 30.29 | 55.48 | 96.04 | 59.83 | 64.04 |
| Earnings per share, diluted | 25.48 | 30.29 | 55.48 | 96.04 | 59.83 | 64.04 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 29,024.00 | 29,463.00 | 28,375.00 | 29,449.00 | 28,265.00 | 28,708.00 | 25,952.00 | 27,458.00 |
| Non-current assets | 3,423.00 | 3,378.00 | 3,470.00 | 3,661.00 | 4,321.00 | 3,994.00 | 4,105.00 | 5,203.00 |
| Current assets | 25,601.00 | 26,085.00 | 24,905.00 | 25,788.00 | 23,943.00 | 24,714.00 | 21,847.00 | 22,255.00 |
| Property, plant and equipment | 940.00 | 1,007.00 | 983.00 | 820.00 | 1,478.00 | 1,444.00 | 1,424.00 | 2,048.00 |
| Capital work-in-progress | 98.00 | 62.00 | 72.00 | 68.00 | 99.00 | 133.00 | 210.00 | 245.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 |
| Other intangible assets | 6.00 | 17.00 | 18.00 | 18.00 | 23.00 | 21.00 | 19.00 | 17.00 |
| Inventories | 6,971.00 | 7,357.00 | 6,081.00 | 5,713.00 | 4,827.00 | 4,537.00 | 4,008.00 | 2,617.00 |
| Trade receivables | 1,012.00 | 1,002.00 | 936.00 | 1,847.00 | 2,121.00 | 1,067.00 | 1,067.00 | 2,606.00 |
| Cash and cash equivalents | 1,175.00 | 1,868.00 | 1,344.00 | 3,523.00 | 3,457.00 | 5,285.00 | 4,318.00 | 2,731.00 |
| Total equity and liabilities | 29,024.00 | 29,463.00 | 28,375.00 | 29,449.00 | 28,265.00 | 28,708.00 | 25,952.00 | 27,458.00 |
| Equity | 4,304.00 | 4,760.00 | 5,414.00 | 6,243.00 | 7,288.00 | 7,940.00 | 8,910.00 | 9,984.00 |
| Equity share capital | 202.00 | 202.00 | 202.00 | 202.00 | 202.00 | 202.00 | 202.00 | 202.00 |
| Other equity | 4,102.00 | 4,558.00 | 5,213.00 | 6,042.00 | 7,086.00 | 7,738.00 | 8,709.00 | 9,553.00 |
| Total liabilities | 24,719.00 | 24,703.00 | 22,961.00 | 23,205.00 | 20,977.00 | 20,768.00 | 17,042.00 | 17,474.00 |
| Non-current liabilities | 719.00 | 563.00 | 577.00 | 571.00 | 620.00 | 945.00 | 1,425.00 | 1,618.00 |
| Current liabilities | 24,001.00 | 24,140.00 | 22,384.00 | 22,634.00 | 20,356.00 | 19,823.00 | 15,617.00 | 15,856.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 72.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 368.00 |
| Trade payables | 5,761.00 | 4,463.00 | 3,843.00 | 4,466.00 | 3,462.00 | 3,738.00 | 3,760.00 | 4,513.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 230.00 | 858.00 | -971.00 | 684.00 | -481.00 | 2,078.00 | -3,288.00 | -2,891.00 |
| Net cash from investing activities | 225.00 | 508.00 | 446.00 | 1,420.00 | 659.00 | -1,299.00 | 2,551.00 | 1,209.00 |
| Net cash from financing activities | -1.00 | -218.00 | -0.00 | -448.00 | -244.00 | -712.00 | -230.00 | -738.00 |
| Purchase of property, plant and equipment | 18.00 | 136.00 | 16.00 | -103.00 | 710.00 | 743.00 | 25.00 | 64.00 |
| Net increase in cash | 454.00 | 1,148.00 | -525.00 | 1,655.00 | -67.00 | 5,285.00 | -967.00 | -2,419.00 |
| con:CFO.BEFORE_TAX | 344.00 | 1,170.00 | -718.00 | 1,361.00 | -189.00 | 4,038.00 | -2,982.00 | -1,905.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,006.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 114.00 | 312.00 | 253.00 | 677.00 | 292.00 | 943.00 | 306.00 | 985.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -12.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 1.00 | 1.00 | 0.00 | 2.00 | 0.00 | 1.00 | 1.00 | 2.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 84.83 | 84.83 | 84.83 | 84.83 | 84.83 | 84.83 | 84.83 | 84.83 | 84.83 | 81.22 | 0.81 | 0.81 | 0.81 | 0.81 |
| Domestic institutions | 0.31 | 0.56 | 0.38 | 0.43 | 0.67 | 0.84 | 1.01 | 1.47 | 1.70 | 5.21 | 0.06 | 0.05 | 0.05 | 0.05 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 1.55 | 0.02 | 0.02 | 0.02 | 0.01 |
| Insurance companies | 0.01 | 0.09 | 0.02 | 0.03 | 0.16 | 0.13 | 0.23 | 0.15 | 0.26 | 3.56 | 0.04 | 0.04 | 0.04 | 0.04 |
| Foreign institutions | 3.29 | 3.28 | 3.69 | 3.32 | 2.38 | 2.44 | 1.45 | 1.55 | 2.26 | 2.58 | 0.02 | 0.02 | 0.02 | 0.02 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Public | 15.17 | 15.17 | 15.17 | 15.17 | 15.17 | 15.17 | 15.17 | 15.17 | 15.17 | 18.78 | 0.19 | 0.19 | 0.19 | 0.19 |
| Non-institutional | 11.58 | 11.32 | 11.10 | 11.42 | 12.12 | 11.89 | 12.72 | 12.16 | 11.22 | 10.99 | 0.11 | 0.12 | 0.12 | 0.12 |
| Shares outstanding | 201690000 | 201690000 | 201690000 | 201690000 | 201690000 | 201690000 | 201690000 | 403380000 | 403380000 | 403380000 | 403380000 | 403380000 | 403380000 | 403380000 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Ministry of Defence | Promoter | Dividend paid, Sale of goods or services | 49,531,600,000.00 | 2 |
| Goa Shipyard Ltd. | Associate | Any other transaction, Dividend received | 109,900,000.00 | 2 |
| Shri Sanjeev Singhal | Director | Remuneration | 3,600,000.00 | 1 |
| Cdr Jasbir Singh | Director | Remuneration | 3,200,000.00 | 1 |
| Vasudev Puranik | Director | Remuneration | 3,200,000.00 | 1 |
| Shri Biju George | Director | Remuneration | 2,800,000.00 | 1 |
| Smt.Madhavi Kulkarni | Company Secretary | Remuneration | 1,400,000.00 | 1 |
| Shri Mallikarjunarao Bhyrishetty | Independent Director | Any other transaction | 400,000.00 | 1 |
| Shri. Dattaprasad Prabhakar Kholkar | Independent Director | Any other transaction | 400,000.00 | 1 |
| Smt. Jagjeet Kaur Neeru Singh | Independent Director | Any other transaction | 300,000.00 | 1 |
| Shri. Chandu Sambasiva Rao | Independent Director | Any other transaction | 200,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2025-11-03 | Q2FY26 | Shipbuilders, and Heavy Engineering) | Read the call |
| 2025-06-06 | Q4FY25 | (CORPORATE PLANNING & PERSONNEL), DIRECTOR, EQUITIES PRIVATE LIMITED | Read the call |
| 2025-02-13 | Q3FY25 | ADDITIONAL CHARGE, MAZAGON DOCK, EQUITIES | Read the call |
| 2024-11-11 | Q2FY25 | Read the call | |
| 2024-08-21 | Q1FY25 | DIRECTOR, ADDITIONAL CHARGE, DIRECTOR | Read the call |
| 2024-06-05 | Q4FY24 | COMMANDERVASUDEVPURANIK – DIRECTOR, DIRECTOR, ADDITIONAL CHARGE, DIRECTOR | Read the call |
| 2024-02-21 | Q3FY24 | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q1FY25 | Q2FY25 | Q2FY26 | Q3FY24 | Q3FY25 | Q4FY24 | Q4FY25 |
|---|---|---|---|---|---|---|---|
| Capex | Capex decisions can be taken without any kind of a restriction or without any reference to the ministry, which facilitates quicker decisions. | My first question has got to do with the capex plans, the big expansion plans that we have on cards. | Sir, my first question is on the lines of capex. | 500 crores is for the Floating Dry Dock over almost around 2.5 years, 32 months and in addition including this there is an expenditure of approximatel… | And you mentioned a fairly comprehensive CAPEX program. | We have recently acquired a 15-acre piece of land adjacent to the existing premises of MDL where we would be incurring a significant amount of capex o… | So that is one area and we have also taken up land from the port for taking up small ships and we are also doing having major CAPEX plans in that land… |
| Capital allocation | It is a pure investment, and we are concerned with the dividend only. | So, does the company foresee any special dividend or any bonus in future? | Sir, my question is on your Colombo Dockyard acquisition. | That timeline as I think the government is also in a way bound as well as we are bound to give our inputs as according to the defense acquisition proc… | — | — | — |
| Costs | My question is, while we see the revenues going up, of course, based on the contracted value, we should also see increase in the raw material consumpt… | My next question is when the raw material cost, obviously, since you are looking at a horizon of six years, and the cost that we would have, apart fro… | — | — | — | — | So for a fixed-price contract, do you get some kind of raw material escalation over the life of the execution of contract? |
| Debt and cash | In terms of working capital, how should we think of inventory in receivable days on a sustainable basis going ahead? | First question is on the operating cash flow. | Sir, on the first half operating cash flow turned may be negative and lower from last year, how do we see that or how do we read that basically? | — | — | And this budget plans that we will get, it will have its cash flows over 4-5 years. | — |
| Demand | Secondly, what is the total book size, order book size today and how much it is implementable before March 25? | So, my question is on that, now that we are very close to finishing the delivery of the submarines and the destroyer, could you outline for us the pot… | So right now, the order book stands at around INR 27,415 crores. | The next generation corvettes is still in the pipeline. | And sir, my last question is on any other large orders that are in the pipeline over next 1 to 2 years, if you could highlight? | And so, in FY’25, what would be the order book at the end of this year, given the execution that you are, planning and the new order bids that you hav… | And that is expected to increase our order book from the present Rs. |
| Guidance | Just wanted your comments on that and when do we expect this to be closed? | We expect the delivery any time before 31st December. | We anticipate that the commercial negotiations will be completed by this calendar year, and we are hopeful that we'll be able to sign the contract by … | Will the model code of conduct be a deterrent to get it awarded or should we expect it by June? | We expect that anytime soon the negotiations or the discussions should start. | And the margin, do we expect it to normalize to, say, 7.5%?I'm talking about the EBITDA margin. | During this call, we will provide an overview of our financial results, discuss key operational highlights, and share our outlook for the upcoming per… |
| Margin | So, when you say 8%, which margin are you referring to, PAT, PBT or OPM? | So, the current full year margin, say, on a trailing 12-month basis, do you expect to maintain it over the next couple of years? | And if yes, how much of its revenue and EBITDA and the PBT has been booked in this quarter? | So, I mean the margins are similar to what the government gives right now and more so it's from PSU so there is no higher margin available than what g… | My first question is on the medium-term margin profile that the company can have. | Sir, if I strip off this liquidated damages write back, your margin is actually still very high. | 1,940.43 crores giving an operating percentage of 16.97% and PBT to revenue is 27.2% against 26% which we reported last year and the EBITDA margin of … |
| Pricing | — | — | — | What kind of a pricing we are able to get, what kind of timelines are there. | — | — | May be because of the global shipbuilding boom, pricing of a number of equipment has shot up from what was originally envisaged and factored into our … |
| Revenue growth | I am not looking for values, but it would seem to me to be a very reasonable surmise that top line growth should push up and push up well in the balan… | So, right now, that is not going to make any significant difference to either our top line nor to the bottom line. | So just wanted to understand what the revenue growth is going to look like going ahead until we receive these major orders of submarines? | — | And hence consequently, say for one year, our revenue growth could be slow, like say 5% or 10% only. | — | Despite a challenging macroeconomic environment, we maintained our market position and managed to deliver a strong performance with robust revenue gro… |