Pick of the Week: ABG SHIPYARD

BUY BUY BUY ABG SHIPYARD
Equity – 50.92 Cr
BSE Code – 532682
CMP – 606.65
BUY ABG SHIPYARD @ 606 - 607 TGT 662 - 664

ABG Shipyard Ltd., the flagship company of ABG group was incorporated in the year 1985 as Magdalla Shipyard Pvt. Ltd. with the main objects of carrying Shipbuilding and Ship Repair business. In a span of 15 years from the year 1991, the company has achieved the status of the largest private sector shipbuilding yard in India with satisfied customer base all around the world. The registered office and the yard are situated at Surat in the state of Gujarat and the corporate office is in Mumbai.

Their shipyard has state of the art, manufacturing facilities including a “Ship-lift Facility” with a lift capacity of 4500 tons, side transfer facilities, CNC plasma cutting machine, Bending rolls, Hydraulic press, Cold shearing machine, Frame bending machine and steel processing machinery. The Shipyard also has blasting shop and fabrication shop covered in 4 bays of 150 x 30 M each equipped with 20T EOT Cranes. The manufacturing process is in line with world-class standards and the Yard is certified by DNV for ISO 9001:2000.

During past decade, the Shipyard has constructed and delivered Ninety-Five (95) Vessels including Specialized and Sophisticated vessels like Interceptor Boats, Self Loading and Discharging Bulk Cement Carriers, Floating Cranes, Articouple Tugs and Flotilla, Split Barges, Bulk Carriers, Newsprint Carriers, Offshore Supply Vessels, Dynamic Positioning Ships, Anchor Handling Tug Supply Vessels, Multi-purpose Support Vessel, Diving Support Vessels, etc. for leading companies in India and abroad.

The Shipyard has executed many prestigious Shipbuilding and Ship-repair contracts
against stiff International Competition for both Export and Domestic Markets. All these vessels have performed very well, thus establishing its reputation for building and delivering vessels of the best quality at competitive prices and delivery periods. The Ship Repair Division has successfully repaired and refurbished Dredgers, Ethylene Carriers, Bulk Carriers, Offshore Supply Vessels and Coast Guard Vessels.

They are now setting-up a new shipyard with state of art manufacturing facilities
including Two (2) Nos. 400 Mtrs. long Newbuilding dry-docks allowing us to build all
kinds of vessels upto 120000 DWT.

Sales and NP for year ended 06 – 07 were 704.4Cr & 116.2Cr. Sales and NP for latest
Quarter 275Cr & 47.1Cr.

On YOY basis NP has increased by 39% & based on quarter latest its increased by 61%
Dividend during year ended 06 – 07 was 15%