MIDCAP PSU SHIPBUILDING COMPANY AIMS TO DOUBLE IT'S SALES REVENUE BY THE YEAR 2030-31

Shares of

are in focus after the company's management said that it expects it's sales revenue to grow between 14% and 15% during the current financial year. More importantly, it has guided for it's revenue to double either by the year 2030 or 2031. The shipbuilding segment made up for 36% of the company's revenue in the Jun25 quarter as compared to 66% in the previous year. Meanwhile, the ship repair segment made up 64% of its revenue in the Jun25 quarter as compared to 34% in the year-ago period. Further, the company's order book declined 6% at the end of the Jun25 quarter to Rs 21,100 crore from Rs 22,500 crore during the same period last year. Defence made up 65% of it's order book, while commercial & export made up 20%, whereas commercial & ship repair contributed 15%. The stock price is currently hovering around Rs 1,725 levels, a 40% declaine from it's all time high of Rs 2,958 in July 2024. The company has seen a 38% sales growth and 4% profit growth in Jun25 as compared to the same period last year. With the increase in government's defense spending, and strong overseas order book, the stock is all set to see a good gain in this fiscal.