MAZDOCK

Strengths (Long-Term Positives) Strong business moat: Defence PSU (submarines, warships) → high entry barrier Order book visibility: Defence sector tailwind (Make in India theme) Profit growth: 38% CAGR (5 years) High ROE: 30%+ → excellent capital efficiency Debt-free company → very strong balance sheet Earnings growth expected 12–13% CAGR RSI 51 → Neutral (no strong momentum) MACD → Buy signal Mixed signals (Buy + Sell) → sideways consolidation