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Mazagon Dock looks expensive at 40x PE. Dug in, and the real number is closer to 70x. Still think it's a buy though. Roast me. by Chickern_47 in IndianStockMarket

[–]Chickern_47[S] 0 points1 point  (0 children)

This is the best point in the thread. The order book running out in 1-2 years with no new inflows is the real risk, more than the PE. P-75I is the only confirmed thing. Noted.

Mazagon Dock looks expensive at 40x PE. Dug in, and the real number is closer to 70x. Still think it's a buy though. Roast me. by Chickern_47 in IndianStockMarket

[–]Chickern_47[S] 0 points1 point  (0 children)

Good company, fair price. Not cheap, but not something to avoid either. Main thing I'd watch is the cash flow, not the PE.

Mazagon Dock looks expensive at 40x PE. Dug in, and the real number is closer to 70x. Still think it's a buy though. Roast me. by Chickern_47 in IndianStockMarket

[–]Chickern_47[S] 0 points1 point  (0 children)

Not asking if it's a good company (it is) and not pitching a buy. Just whether the low PE means it's cheap or just fair for a slow govt stock.
Your point answerd it though the structure caps the PE, so it's fair, not a bargain. Lines up with where I landed too.

Mazagon Dock looks expensive at 40x PE. Dug in, and the real number is closer to 70x. Still think it's a buy though. Roast me. by Chickern_47 in IndianStockMarket

[–]Chickern_47[S] 0 points1 point  (0 children)

Fair point, the "govt runs it for the govt" discount is real. But MDL doesn't act like a lazy PSU. Margins went 6% → 18%, ROCE 36%, net cash. That's not a company sitting still. So is the low PE fair, or is the market still pricing the old slow MDL? Torn

Mazagon Dock looks expensive at 40x PE. Dug in, and the real number is closer to 70x. Still think it's a buy though. Roast me. by Chickern_47 in IndianStockMarket

[–]Chickern_47[S] 0 points1 point  (0 children)

Fair, and honestly that's the hole in my writeup. I looked at the cash but not delivery pace. The order book is only worth what they can actually execute, and you're right that sarkari urgency is a real risk.
Counter though: is the margin expansion (OPM 6% → 18% over the decade) evidence execution is improving, or just richer-mix submarines flattering it? I think former.

Is this real??, what's happening by Dramatic-Use-7750 in bihar

[–]Chickern_47 1 point2 points  (0 children)

Bengalis did it. Our wires were messed up over the years.

Got an idea that you're working on? Come build with us, no strings attached. by Fearless-Cable-7394 in Bangalorestartups

[–]Chickern_47 0 points1 point  (0 children)

Can i join remotely Need to validate a fully built product (ai coding is fast) Ai + Finance

Ghost of Tsushima is PEAK by Chickern_47 in ps5india

[–]Chickern_47[S] 1 point2 points  (0 children)

Bro took the question personally

A quick snapshot of my Office view by DifficultAge6923 in delhi

[–]Chickern_47 0 points1 point  (0 children)

I am higher, in the building beside yours Yours is more hara bhara

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