Mazagon Dock: aptly called “Ship Builder to the Nation”

MAZDOCK Q2 FY23 Management Commentary:

• Bagged many ship repair orders and initiated manufacturing of Indigenous Midget Submarine.
• There was lower revenue booking and a little higher cost on a standalone basis.
• Cash flow was better in H1FY23.
• Current orderbook visibility is good which shows good visibility until FY25.
• Consistent stream of orders inflows is required.
• ISEC has initiated a sell as they feel the significant price increase was due to higher order visibility which has already been factored in. In the last 6 months, there is not much change in order visibility.