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Mazagon Dock Shipbuilders Limited MAZDOCK NSEAIDEFENCEINFRAPSU

Industrials · Aerospace & Defense · India
https://mazagondock.in

Mazagon Dock Shipbuilders Limited engages in the building and repairing of ships, submarines, vessels, and related engineering products in India and internationally. The company operates in two segments, Shipbuilding, and Submarine and Heavy Engineering. The company offers naval platforms, such as destroyers, conventional submarines, frigates, corvettes, missile boats, offshore patrol vessels, and floating border outposts. It also provides merchant ships, such as general cargo vessels, multipurpose support vessels, offshore supply vessels, tugs, dredgers, passenger cum cargo vessels, water tankers, barges, trawlers, and windmill towers and pontoons. In addition, the company offers offshore platforms and jack-up rigs for the oil sector. Further, it offers training ships, next-generation offshore patrol vessels, and fast patrol vessels for coast guard ships. Additionally, the company provides AI products, including remotely operated vehicles, AI-enabled phased array ultrasonic testing, and AI-enabled computerized radiography. The company was formerly known as Mazagon Dock Limited and changed its name to Mazagon Dock Shipbuilders Limited in May 2015. Mazagon Dock Shipbuilders Limited was founded in 1774 and is based in Mumbai, India.

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₹2,456.50
-34.11% 1Y

Market & Price

Market Cap
₹99,090.29 Cr
Current Price
₹2,456.50
High / Low (52W)
₹3,728.00 / ₹2,065.20
Beta
0.67

Valuation

Stock P/E
38.32
Industry PE
27.78
Forward P/E
30.10
PEG Ratio
-
Book Value
₹241.83
Price to Book
10.16
P/S
7.62
EV/EBITDA
38.25
Dividend Yield
0.78%

Profitability & Returns

ROCE
28.51%
ROE
28.77%
ROA
4.83%
Profit Margin
19.86%
Op Margin
13.51%
EPS (Latest Qtr)
₹16.84
EPS (TTM)
₹64.11

Balance Sheet & Liquidity

Debt/Equity
4.48
Quick Ratio
1.04
Current Ratio
1.40
Debt
₹447.37 Cr
Total Assets
₹27,457.75 Cr
Current Assets
₹22,255.04 Cr
Working Capital
₹6,399.51 Cr

Ownership

Promoter Holding
81.22%
Chg in Prom Hold
-
FII / Inst Holding
6.07%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹86,670.30 Cr
Total Revenue (TTM)
₹13,006.31 Cr
EBITDA
₹2,265.63 Cr
Free Cash Flow
₹-3,999.91 Cr
Operating Cash Flow
₹-2,890.72 Cr
Shares Outstanding
₹40.34 Cr
Gross Margin
35.75%
Payout Ratio
30.00%

Growth (CAGR)

Revenue 5Y
19.70%
Profit 5Y
32.16%
Revenue (YoY)
21.30%
Earnings (YoY)
109.00%

PROS

  • Strong return on equity of 28.8%.
  • Healthy ROCE of 28.5%.
  • Compounding revenue at 19.7% over 5 years.
  • Profit CAGR of 32.2% over 5 years.

CONS

  • Trading 34.1% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MAZDOCK Mazagon Dock Shipbuilders Limited NSEAIDEFENCEINFRAPSU 2,456.50 38.32 ₹99,090.29 Cr 0.78% 28.51% 28.77% 19.70% 32.16%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 4,076.50 34.84 ₹5.61 L Cr 0.93% 14.55% 16.95% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,804.60 30.96 ₹4.16 L Cr 0.42% 11.02% 15.59% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,303.80 31.55 ₹2.88 L Cr 1.16% 13.80% 23.98% 7.87% 16.08%
5 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 38,445.00 172.41 ₹1.71 L Cr 0.02% 24.92% 21.04% 22.24% 119.12%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,405.00 - ₹1.70 L Cr 0.24% 15.53% - 44.12% 72.60%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,881.00 68.97 ₹1.63 L Cr 1.12% 34.95% 29.45% 16.07% 24.35%
8 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 917.45 118.99 ₹1.44 L Cr 0.14% 19.35% 19.56% 21.67% 7.81%
9 POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA 9,477.50 53.48 ₹1.43 L Cr 0.37% 30.44% 24.58% 26.57% 28.11%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026
Revenue 3,143.62 Cr3,174.41 Cr2,625.59 Cr3,601.09 Cr3,850.39 Cr
Cost of Revenue 1,770.24 Cr2,025.78 Cr1,289.11 Cr2,290.16 Cr2,810.92 Cr
Gross Profit 1,373.38 Cr1,148.63 Cr1,336.48 Cr1,310.93 Cr1,039.47 Cr
Operating Expenses 596.14 Cr1,057.89 Cr1,057.85 Cr447.16 Cr519.46 Cr
Operating Income 777.24 Cr90.74 Cr278.63 Cr863.77 Cr520.01 Cr
EBITDA 1,107.79 Cr406.13 Cr591.00 Cr1,148.79 Cr826.27 Cr
Interest Expense 5.36 Cr7.72 Cr1.09 Cr5.95 Cr10.01 Cr
Pretax Income 1,062.57 Cr369.81 Cr566.85 Cr1,119.63 Cr793.38 Cr
Tax Provision 294.35 Cr79.39 Cr147.57 Cr282.50 Cr160.57 Cr
Net Income 807.04 Cr325.29 Cr452.15 Cr879.78 Cr679.18 Cr
Diluted EPS 20.018.0611.2121.8116.84

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -7,584.03 Cr9,068.01 Cr11,431.88 Cr13,006.31 Cr
Cost of Revenue -5,614.60 Cr6,633.77 Cr7,003.32 Cr8,356.39 Cr
Gross Profit -1,969.43 Cr2,434.24 Cr4,428.56 Cr4,649.92 Cr
Operating Expenses -1,242.39 Cr1,096.19 Cr2,454.40 Cr2,480.96 Cr
Operating Income -727.04 Cr1,338.05 Cr1,974.16 Cr2,168.96 Cr
EBITDA -1,487.28 Cr2,516.80 Cr3,200.93 Cr3,405.03 Cr
Interest Expense -9.02 Cr8.84 Cr24.07 Cr71.57 Cr
Pretax Income -1,402.68 Cr2,424.83 Cr3,061.66 Cr3,236.79 Cr
Tax Provision -356.61 Cr615.95 Cr784.32 Cr814.91 Cr
Net Income -1,119.03 Cr1,936.97 Cr2,413.51 Cr2,583.38 Cr
Diluted EPS -27.7448.0259.8364.04

Compounded Sales Growth

5 Years:19.70%
1 Year:21.30%

Compounded Profit Growth

5 Years:32.16%
1 Year:109.00%

Stock Price Performance

1 Year:-34.11%
6 Months:-6.77%
3 Months:+8.87%
1 Month:-10.12%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -29,463.17 Cr29,448.81 Cr28,707.72 Cr27,457.75 Cr
Current Assets -26,085.19 Cr25,788.19 Cr24,713.81 Cr22,255.04 Cr
Cash & Equivalents -1,868.42 Cr5,218.48 Cr5,285.39 Cr2,731.42 Cr
Inventory -7,356.86 Cr5,713.37 Cr4,537.08 Cr2,616.89 Cr
Receivables -1,002.33 Cr1,846.93 Cr1,067.21 Cr2,605.69 Cr
Total Liabilities -24,703.01 Cr23,205.34 Cr20,767.84 Cr17,473.74 Cr
Current Liabilities -24,139.85 Cr22,618.73 Cr19,823.03 Cr15,855.53 Cr
Long Term Debt ----72.03 Cr
Total Debt -6.04 Cr16.55 Cr20.33 Cr447.37 Cr
Total Equity -4,760.16 Cr6,243.47 Cr7,939.88 Cr9,754.88 Cr
Shares Outstanding -40.34 Cr40.34 Cr40.34 Cr40.34 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -1,515.60 Cr683.75 Cr2,102.05 Cr-2,890.73 Cr
Investing Cash Flow --149.66 Cr3,114.81 Cr-1,298.98 Cr1,209.23 Cr
Financing Cash Flow --217.99 Cr-448.50 Cr-736.16 Cr-737.91 Cr
Capital Expenditure --135.57 Cr-10.01 Cr-804.71 Cr-176.18 Cr
Free Cash Flow -1,380.03 Cr673.74 Cr1,297.34 Cr-3,066.91 Cr
Net Change in Cash -1,147.95 Cr3,350.06 Cr66.91 Cr-2,419.41 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -26.0%26.8%38.7%35.8%
Operating Margin % -9.6%14.8%17.3%16.7%
Net Margin % -14.8%21.4%21.1%19.9%
ROE % -23.5%31.0%30.4%26.5%
ROCE % -13.7%19.6%22.2%18.7%

Shareholding Pattern

Insiders
81.22%
Institutions
6.07%
Public Float
32.31%

Analyst View

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