Podcast
Questions and Answers
Who is responsible for the Director Finance role?
Who is responsible for the Director Finance role?
Answer hidden
What is the intended outcome mentioned by Sanjeev Singhal regarding the company's performance?
What is the intended outcome mentioned by Sanjeev Singhal regarding the company's performance?
Answer hidden
Which project was mentioned in relation to the status update during the question-and-answer session?
Which project was mentioned in relation to the status update during the question-and-answer session?
Answer hidden
What did Sanjeev Singhal not provide comments on during the session?
What did Sanjeev Singhal not provide comments on during the session?
Answer hidden
Which participant was the first to ask questions during the session?
Which participant was the first to ask questions during the session?
Answer hidden
What recent action related to pricing has been conducted for the P75 additional Scorpene submarines?
What recent action related to pricing has been conducted for the P75 additional Scorpene submarines?
Answer hidden
What was the reaction expected from investors regarding the results as mentioned by Sanjeev Singhal?
What was the reaction expected from investors regarding the results as mentioned by Sanjeev Singhal?
Answer hidden
What role does Commander Vasudev Puranik hold?
What role does Commander Vasudev Puranik hold?
Answer hidden
What is the current status of the costing committee's recommendations?
What is the current status of the costing committee's recommendations?
Answer hidden
What results were reported regarding the field evaluation trials for P75I?
What results were reported regarding the field evaluation trials for P75I?
Answer hidden
Were any LD refunds received in the current quarter?
Were any LD refunds received in the current quarter?
Answer hidden
What is the status of the second destroyer in relation to the D-448 liabilities?
What is the status of the second destroyer in relation to the D-448 liabilities?
Answer hidden
What can be inferred about future LD refunds mentioned?
What can be inferred about future LD refunds mentioned?
Answer hidden
What information was provided regarding the P-77 project?
What information was provided regarding the P-77 project?
Answer hidden
What was the main concern about the profitability in the quarter?
What was the main concern about the profitability in the quarter?
Answer hidden
What seems to be the next step after the costing committee's recommendations are finalized?
What seems to be the next step after the costing committee's recommendations are finalized?
Answer hidden
What is one potential benefit of delivering the submarines before the scheduled date?
What is one potential benefit of delivering the submarines before the scheduled date?
Answer hidden
Which delivery is planned to occur before the contractual delivery schedule?
Which delivery is planned to occur before the contractual delivery schedule?
Answer hidden
What challenge is associated with the delivery of the first frigate?
What challenge is associated with the delivery of the first frigate?
Answer hidden
How many total deliveries are targeted according to the information provided?
How many total deliveries are targeted according to the information provided?
Answer hidden
What is the nature of the projections regarding the impact on margins?
What is the nature of the projections regarding the impact on margins?
Answer hidden
Which submarine delivery has had delays due to unavoidable reasons?
Which submarine delivery has had delays due to unavoidable reasons?
Answer hidden
What aspect is being assessed in terms of financial impact during the discussion?
What aspect is being assessed in terms of financial impact during the discussion?
Answer hidden
What was suggested as a quote regarding the certainty of meeting anticipated delivery dates?
What was suggested as a quote regarding the certainty of meeting anticipated delivery dates?
Answer hidden
What is a significant advantage of a company having Navratna status?
What is a significant advantage of a company having Navratna status?
Answer hidden
How much financial exposure can a Navratna company have for each joint venture or collaboration?
How much financial exposure can a Navratna company have for each joint venture or collaboration?
Answer hidden
What benefit does being a Navratna company provide in terms of customer perception?
What benefit does being a Navratna company provide in terms of customer perception?
Answer hidden
What does the term 'provision write-back' refer to in the context of shipbuilding accounting?
What does the term 'provision write-back' refer to in the context of shipbuilding accounting?
Answer hidden
What does the statement about 'powers available with the board' imply for Navratna companies?
What does the statement about 'powers available with the board' imply for Navratna companies?
Answer hidden
What does the distinction between non-Navratna and Navratna companies signify in terms of collaboration?
What does the distinction between non-Navratna and Navratna companies signify in terms of collaboration?
Answer hidden
Which statement regarding the conferred status of Navratna is accurate?
Which statement regarding the conferred status of Navratna is accurate?
Answer hidden
What are provisions in the context of the shipbuilding industry as mentioned?
What are provisions in the context of the shipbuilding industry as mentioned?
Answer hidden
What factors does Sanjeev Singhal mention as influencing project bidding and costs?
What factors does Sanjeev Singhal mention as influencing project bidding and costs?
Answer hidden
How does Sanjeev Singhal view learning in relation to project efficiency?
How does Sanjeev Singhal view learning in relation to project efficiency?
Answer hidden
According to Sanjeev Singhal, what impacts the margin profile of submarines versus ships?
According to Sanjeev Singhal, what impacts the margin profile of submarines versus ships?
Answer hidden
What does Gagan Thareja suggest might affect the margins for submarines?
What does Gagan Thareja suggest might affect the margins for submarines?
Answer hidden
What is the relationship between efficiencies and project margins as mentioned in the conversation?
What is the relationship between efficiencies and project margins as mentioned in the conversation?
Answer hidden
What does Sanjeev Singhal imply about future contracts and pricing?
What does Sanjeev Singhal imply about future contracts and pricing?
Answer hidden
What might the Ministry of Defence (MOD) require from bidders according to Gagan Thareja?
What might the Ministry of Defence (MOD) require from bidders according to Gagan Thareja?
Answer hidden
What is emphasized as essential for understanding project cost structure?
What is emphasized as essential for understanding project cost structure?
Answer hidden
What is the primary business advantage discussed regarding submarines?
What is the primary business advantage discussed regarding submarines?
Answer hidden
How long is the typical working life of a submarine mentioned?
How long is the typical working life of a submarine mentioned?
Answer hidden
What proportion of the original order value do long refits typically represent?
What proportion of the original order value do long refits typically represent?
Answer hidden
How often is a submarine expected to come in for a long refit after commissioning?
How often is a submarine expected to come in for a long refit after commissioning?
Answer hidden
What does the cost structure for margin structures on a project basis typically involve?
What does the cost structure for margin structures on a project basis typically involve?
Answer hidden
What factor contributes to the continuous business cycle mentioned for submarines?
What factor contributes to the continuous business cycle mentioned for submarines?
Answer hidden
How many Scorpène submarines had been executed at the time of the discussion?
How many Scorpène submarines had been executed at the time of the discussion?
Answer hidden
Who typically handles substantial refits with respect to ships?
Who typically handles substantial refits with respect to ships?
Answer hidden
Study Notes
Company Information
- Mazagon Dock Shipbuilders Limited (formerly Mazagon Dock Limited)
- CIN: L35100MH1934GO1002079
- A Government of India undertaking
- Dockyard Road, Mumbai 400 010
- Certified: ISO 9001-2015
- Scrip code: 543237
- NSE Symbol: MAZDOCK
- Website: https://mazagondock.in
Investor Update Call Transcript
- Q1 FY25 Investor Earnings Call
- Wednesday, August 14, 2024, 5 pm IST
- Hosted by Nirmal Bang Institutional Equities
- Transcript uploaded to company website
- Transcript enclosed with the letter
Management Team
- Sanjeev Singhal: Chairman & Managing Director, Director Finance
- Biju George: Director, Shipbuilding
- Commander Vasudev Puranik: Retired Director, Corporate Planning and Personnel, Director, Submarine and Heavy Engineering
- Jyoti Gupta: Nirmal Bang Equities, Moderator
Key Topics Discussed
- Status of P75 and P751 projects: No comments on media reports. Order placement expected once prices are acceptable.
- Profit Margins: Consistent strong performance, with expected similar margins in FY25.
- Order Book: Order book amount of about 40,400 crore
- Status of P77 project: No information available at this time.
- Goa Shipyard Limited: 47% associate company; Management control does not exist, investment only. Results of associate impact MDL profitability
- Navratna status: No further elaboration requested as this is a matter for the concerned department
- Share Value Split: This request is subject to DIPAM decision making
- Provision Write-back: No separate provisions, estimated cost to completion determined, with variations depending on different factors.
- Delivery Schedule for projects: Planned for FY25 (e.g., three to four platforms or delivery possibilities)
- Employee Costs: Employee costs have reduced as a percentage of sales
- Indigenous vs. Imported Material (Procurement Cost): Emphasis on increasing indigenous material
- Asset turnover: Expected to continue at a similar rate
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Test your knowledge on the recent updates regarding the Director Finance role and company performance as mentioned by Sanjeev Singhal. This quiz covers topics including project statuses, investor reactions, and committee recommendations, providing insights into the company's operations and future expectations.
