Mazagon Dock Shipbuilders Limited MAZDOCK NSEAIDEFENCEINFRAPSU
Company Overview
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 cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges, and border outposts. It also provides services, including repairs and refit, designing of ships, know how provider, training, tug support, supply chain management, and self-propeller modular transporter. In addition, it offers offshore patrol vessels, fast patrol vessels, and floating boarder outposts. Further, 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.
Why Investors Should Care
Generates a return on equity of 26.5%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 28.5%.
Net profit has compounded at 32.2% per year over the last five years.
Revenue has grown at a 19.6% CAGR over the past five years.
Maintains a net profit margin of 20.1%.
Recent Developments
- Mar 2026 Revenue of ₹12,973.07 Cr (+15.9% YoY); net profit ₹2,583.27 Cr.
- Trailing 12 Months Year-on-year growth — revenue +12.1%, earnings +21.5%.
- 5-Year Trend Long-term compounding — revenue CAGR 19.6%, profit CAGR 32.2%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 19.60% |
| 1 Year: | 12.10% |
Compounded Profit Growth
| 5 Years: | 32.16% |
| 1 Year: | 21.50% |
Stock Price Performance
| 1 Year: | -25.30% |
| 6 Months: | -25.44% |
| 3 Months: | -12.95% |
| 1 Month: | -10.51% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Mazagon Dock builds submarines and frigates with AI-augmented sonar, combat management systems, and AI predictive maintenance.
- AI in naval platforms & combat systems Mazagon Dock builds India's submarines and warships, which increasingly integrate AI-enabled combat-management, sensor-fusion and autonomous systems.
- Smart shipbuilding & digital twins Digital-twin and AI-driven design/production techniques improve build efficiency and quality at the yard.
- Indigenous defence content Indigenisation drives higher domestic AI-capable systems content in future naval programmes.
- Strategic monopoly-like position in Indian naval shipbuilding with strong order visibility.
- Excellent returns (ROCE ~36%, ROE ~29%) and ~38% five-year profit CAGR.
- AI integration rises with each new-generation warship/submarine programme.
- Lumpy, milestone-based revenue and negative working-capital swings can move earnings.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 26.5%.
- Healthy ROCE of 28.5%.
- Excellent profit margin of 20.1%.
- Compounding revenue at 19.6% over 5 years.
- Profit CAGR of 32.2% over 5 years.
CONS
- Trading 32.8% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MAZDOCK Mazagon Dock Shipbuilders Limited NSEAIDEFENCEINFRAPSU | 1,997.50 | 28.19 | ₹80,575.15 Cr | 0.88% | 28.52% | 26.48% | 19.60% | 32.16% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,636.00 | 30.16 | ₹5.00 L Cr | 1.05% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,748.80 | 29.85 | ₹4.03 L Cr | 0.44% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,854.40 | 34.83 | ₹3.25 L Cr | 0.97% | 13.80% | 22.21% | 7.87% | 16.08% |
| 5 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 371.20 | 44.19 | ₹2.71 L Cr | 0.66% | 31.88% | 25.27% | 15.47% | 26.64% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,641.50 | -37.32 | ₹1.79 L Cr | 0.00% | 4.02% | -34.31% | 15.55% | -227.40% |
| 7 | BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU | 410.20 | 58.68 | ₹1.43 L Cr | 0.31% | 6.60% | 6.12% | 13.49% | 35.91% |
| 8 | ABB ABB India Limited NSEAIINFRA | 6,559.50 | 89.35 | ₹1.39 L Cr | 0.44% | 28.45% | 19.13% | 15.41% | 17.97% |
| 9 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 821.00 | 103.53 | ₹1.29 L Cr | 0.15% | 19.35% | 15.13% | 21.22% | 7.81% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,079.00 Cr | 2,173.00 Cr | 1,828.00 Cr | 2,362.00 Cr | 3,104.00 Cr | 2,357.00 Cr | 2,757.00 Cr | 3,143.62 Cr | 3,174.41 Cr | 2,625.59 Cr | 2,929.00 Cr | 3,601.09 Cr | 3,850.39 Cr | 2,942.70 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 1,770.24 Cr | 2,025.78 Cr | 1,289.11 Cr | - | 2,290.16 Cr | 2,810.92 Cr | 1,915.65 Cr |
| Gross Profit | - | - | - | - | - | - | - | 1,373.38 Cr | 1,148.63 Cr | 1,336.48 Cr | - | 1,310.93 Cr | 1,039.47 Cr | 1,027.05 Cr |
| Operating Expenses | 1,868.00 Cr | 2,001.00 Cr | 1,651.00 Cr | 1,823.00 Cr | 2,580.00 Cr | 1,715.00 Cr | 2,246.00 Cr | 596.14 Cr | 1,057.89 Cr | 1,057.85 Cr | 2,235.00 Cr | 447.16 Cr | 519.46 Cr | 609.44 Cr |
| Operating Income | 191.00 Cr | 152.00 Cr | 157.00 Cr | 519.00 Cr | 501.00 Cr | 619.00 Cr | 488.00 Cr | 777.24 Cr | 90.74 Cr | 278.63 Cr | 671.00 Cr | 863.77 Cr | 520.01 Cr | 417.61 Cr |
| EBITDA | 211.00 Cr | 172.00 Cr | 177.00 Cr | 539.00 Cr | 524.00 Cr | 642.00 Cr | 511.00 Cr | 1,107.79 Cr | 406.13 Cr | 625.27 Cr | 695.00 Cr | 1,148.79 Cr | 826.27 Cr | 759.76 Cr |
| Interest Expense | 2.00 Cr | 1.00 Cr | 1.00 Cr | 1.00 Cr | 1.00 Cr | 1.00 Cr | 5.00 Cr | 5.36 Cr | 7.72 Cr | 35.36 Cr | 8.00 Cr | 5.95 Cr | 10.01 Cr | 44.34 Cr |
| Pretax Income | 400.00 Cr | 383.00 Cr | 407.00 Cr | 786.00 Cr | 849.00 Cr | 889.00 Cr | 740.00 Cr | 1,062.57 Cr | 369.81 Cr | 566.85 Cr | 934.00 Cr | 1,119.63 Cr | 793.38 Cr | 686.45 Cr |
| Tax Provision | 104.00 Cr | 95.75 Cr | 101.75 Cr | 196.50 Cr | 220.74 Cr | 222.25 Cr | 185.00 Cr | 294.35 Cr | 79.39 Cr | 147.57 Cr | 224.16 Cr | 282.50 Cr | 160.57 Cr | 174.41 Cr |
| Net Income | 326.00 Cr | 314.00 Cr | 333.00 Cr | 627.00 Cr | 663.00 Cr | 696.00 Cr | 585.00 Cr | 807.04 Cr | 325.29 Cr | 452.15 Cr | 749.00 Cr | 879.78 Cr | 679.18 Cr | 549.41 Cr |
| Diluted EPS | 8.09 | 7.79 | 8.25 | 15.54 | 16.43 | 17.26 | 14.50 | 20.01 | 8.06 | 11.21 | 18.58 | 21.81 | 16.84 | 13.62 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,605.00 Cr | 4,094.00 Cr | 3,505.00 Cr | 4,457.00 Cr | 4,614.00 Cr | 4,905.00 Cr | 4,048.00 Cr | - | 7,584.03 Cr | 9,068.01 Cr | 11,196.04 Cr | 12,973.07 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 5,614.60 Cr | 6,633.77 Cr | 7,033.47 Cr | 8,381.51 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 1,969.43 Cr | 2,434.24 Cr | 4,162.57 Cr | 4,591.56 Cr |
| Operating Expenses | 3,383.00 Cr | 3,874.00 Cr | 3,375.00 Cr | 4,300.00 Cr | 4,353.00 Cr | 4,642.00 Cr | 3,822.00 Cr | - | 1,242.39 Cr | 1,096.19 Cr | 1,651.17 Cr | 1,880.80 Cr |
| Operating Income | 191.00 Cr | 177.00 Cr | 90.00 Cr | 105.00 Cr | 197.00 Cr | 194.00 Cr | 166.00 Cr | - | 727.04 Cr | 1,338.05 Cr | 2,511.40 Cr | 2,710.76 Cr |
| EBITDA | 222.00 Cr | 221.00 Cr | 129.00 Cr | 157.00 Cr | 261.00 Cr | 263.00 Cr | 226.00 Cr | - | 1,487.28 Cr | 2,516.80 Cr | 3,200.93 Cr | 3,405.25 Cr |
| Interest Expense | 8.00 Cr | 16.00 Cr | 17.00 Cr | 20.00 Cr | 36.00 Cr | 13.00 Cr | 11.00 Cr | - | 9.02 Cr | 8.84 Cr | 24.07 Cr | 71.79 Cr |
| Pretax Income | 746.00 Cr | 922.00 Cr | 839.00 Cr | 650.00 Cr | 778.00 Cr | 727.00 Cr | 604.00 Cr | - | 1,402.68 Cr | 2,424.83 Cr | 3,061.66 Cr | 3,236.79 Cr |
| Tax Provision | 253.64 Cr | 359.58 Cr | 310.43 Cr | 253.50 Cr | 311.20 Cr | 348.96 Cr | 151.00 Cr | - | 356.61 Cr | 615.95 Cr | 784.32 Cr | 814.91 Cr |
| Net Income | 516.00 Cr | 596.00 Cr | 585.00 Cr | 496.00 Cr | 532.00 Cr | 471.00 Cr | 514.00 Cr | - | 1,119.03 Cr | 1,936.97 Cr | 2,413.51 Cr | 2,583.27 Cr |
| Diluted EPS | 129.59 | 149.63 | 117.49 | 11.07 | 11.88 | 11.66 | 12.74 | - | 27.74 | 48.02 | 59.83 | 64.04 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 31,233.00 Cr | 19,028.00 Cr | 19,345.00 Cr | 19,374.00 Cr | 20,850.00 Cr | 20,943.00 Cr | 25,140.00 Cr | - | 29,463.17 Cr | 29,448.81 Cr | 28,707.72 Cr | 27,457.75 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 26,085.19 Cr | 25,788.19 Cr | 24,713.81 Cr | 22,255.04 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 1,868.42 Cr | 5,218.48 Cr | 5,285.39 Cr | 2,731.42 Cr |
| Inventory | - | - | - | - | - | - | - | - | 7,356.86 Cr | 5,713.37 Cr | 4,537.08 Cr | 2,616.89 Cr |
| Receivables | - | - | - | - | - | - | - | - | 1,002.33 Cr | 1,846.93 Cr | 1,067.21 Cr | 2,605.69 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 24,703.01 Cr | 23,205.34 Cr | 20,767.84 Cr | 17,473.74 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 24,139.85 Cr | 22,618.73 Cr | 19,823.03 Cr | 15,855.53 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | 0 | 72.03 Cr |
| Total Debt | 83.00 Cr | 0 | 0 | 0 | 0 | 0 | 30.00 Cr | - | 6.04 Cr | 16.55 Cr | 20.33 Cr | 447.37 Cr |
| Total Equity | 2,753.00 Cr | 2,641.00 Cr | 2,979.00 Cr | 2,834.00 Cr | 3,217.00 Cr | 3,060.00 Cr | 3,432.00 Cr | - | 4,760.16 Cr | 6,243.47 Cr | 7,939.88 Cr | 9,754.88 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 40.34 Cr | 40.34 Cr | 40.34 Cr | 40.34 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | 746.00 Cr | -1,003.00 Cr | 491.00 Cr | 65.00 Cr | -96.00 Cr | 68.00 Cr | - | 1,515.60 Cr | 683.75 Cr | 2,102.05 Cr | -2,653.88 Cr |
| Investing Cash Flow | - | 560.00 Cr | 493.00 Cr | 348.00 Cr | 417.00 Cr | 454.00 Cr | 348.00 Cr | - | -149.66 Cr | 3,114.81 Cr | -1,298.98 Cr | 1,165.70 Cr |
| Financing Cash Flow | - | -119.00 Cr | -245.00 Cr | -608.00 Cr | -126.00 Cr | -605.00 Cr | -160.00 Cr | - | -217.99 Cr | -448.50 Cr | -736.16 Cr | -931.22 Cr |
| Capital Expenditure | - | -131.00 Cr | -146.00 Cr | -180.00 Cr | -175.00 Cr | -100.00 Cr | -42.00 Cr | - | -135.57 Cr | -10.01 Cr | -804.71 Cr | -176.18 Cr |
| Free Cash Flow | - | 615.00 Cr | -1,149.00 Cr | 311.00 Cr | -110.00 Cr | -196.00 Cr | 26.00 Cr | - | 1,380.03 Cr | 673.74 Cr | 1,297.34 Cr | -2,830.06 Cr |
| Net Change in Cash | - | 1,188.00 Cr | -755.00 Cr | 231.00 Cr | 356.00 Cr | -246.00 Cr | 257.00 Cr | - | 1,147.95 Cr | 3,350.06 Cr | 66.91 Cr | -2,419.40 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 26.0% | 26.8% | 37.2% | 35.4% |
| Operating Margin % | 5.3% | 4.3% | 2.6% | 2.4% | 4.3% | 4.0% | 4.1% | - | 9.6% | 14.8% | 22.4% | 20.9% |
| Net Margin % | 14.3% | 14.6% | 16.7% | 11.1% | 11.5% | 9.6% | 12.7% | - | 14.8% | 21.4% | 21.6% | 19.9% |
| ROE % | 18.7% | 22.6% | 19.6% | 17.5% | 16.5% | 15.4% | 15.0% | - | 23.5% | 31.0% | 30.4% | 26.5% |
| ROCE % | - | - | - | - | - | - | - | - | 13.7% | 19.6% | 28.3% | 23.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MAZDOCK
Mazagon Dock Shipbuilders (NSEI:MAZDOCK) Stock Price - Simply Wall Street
<a href="https://news.google.com/rss/articles/CBMiUkFVX3lxTE80allfMW1taHBEUEw5Xy1EODNKRS1JTW8yb2dwNUt0RlVIcHZuNW9BM2huaFpiM3VRQkNIUlBaZ010T19Fa2tIVmtmb0s5M2t1eGc?oc=5" target="_blank">Mazagon Dock Shipbuilders (NSEI:MAZDOCK) Stock Price</a>…
MAZAGON DOCK SHIPBUILDERS LIMITED - www.marketscreener.com
<a href="https://news.google.com/rss/articles/CBMirgFBVV95cUxQRGRUOF9xT041TXBYS21TaGhLUUhudklsd1U0aXdWZXZyTm1VZVBoVGZvMG0yXzBlOWFpaDZNN3BydU9HZ2R0anNnNVI2R2ZTNlp3YmtOT2lCaEpFWEFZNmN4dERIdDhFTG1Ia0FQQ2ZKeERzSzZmRXA3OEFVVGdLWWE0cXR6UzhtNzFpMH…
Mazagon Dock Share Price - Live NSE: MAZDOCK Stock Price & Chart - Upstox
<a href="https://news.google.com/rss/articles/CBMickFVX3lxTE5YVHh6RW1JMXRfMlFjblF1enhUUDBKdFFHUUs4VHowc09vaW5MNF9xTWVXd0x1eWkwQlVQcllCU2Z5VTU5NVAtbGxRelFhUHFhZENQNzJYTUFyck5LY1ZJQ3BXU3VxblB6aldHcWRVRTIzZw?oc=5" target="_blank">Mazagon Dock …
Mazagon Dock shares snap 6-day fall to rise up to 2%: Here's why - TradingView
<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxQV0QxZFpMbzRWOWJhYzBDNFBlMk92TURIVjQ2REI4bGlqQ3ROMFZmUUtSQjVsbko1dG9pb2NfZXJrZFZFMVJPaWJtUTg4d3R5OWZnMENlY2s1NnpDTUpfMEFaM2QxVXdIWXRZcGpYTkRMMG11RTFWZUM0RmRsUlFzbkIyc0VsR2N6Q0paZl…
Mazagon Dock Share Price at Fresh 52-Week Low: Analysis - Univest
<a href="https://news.google.com/rss/articles/CBMimAFBVV95cUxQVERLZFJscmdUcFNfTW5GbEVsZm1QeDBNVkZuSndaVFNCT3RxNG5CQnh4OXhGVDFwTGNKcTBRdENiYjg5ZTJKbUIya0E2bHZ2Zy1oRGZLQTNkZmVIZTRLcFVaT3NPcEg2TFBvMWNjVjFGSlZoVHlRZS1MMHhfUDlBZlNES2VoVFZiT0xzVl…
Buy MAZDOCK @ 2461 with a Target of 2783 and a Stop Loss at 2300 by Choice Broking - Investment Guru India
<a href="https://news.google.com/rss/articles/CBMiyAFBVV95cUxONFRSOTlHRGdSLU9ITXpBTXhHMEJ2X1J4d0VfZm1zZ2lMQ0NYNkxSdWZEdV9HUk5UZFdNNHVtOHp2SlZXUDlBdEZWck1MUl9TYWFDRFBVMzcyVGNqMXpkYlRLbExpeUFEMUFXTzRaNWwwTFEyUGJRQ0djRWxNMFhORTV1eWF5Sk9GQV9YZ2…
MAZDOCK — Frequently Asked Questions
What is the current share price of Mazagon Dock Shipbuilders Limited (MAZDOCK)?
As of 2026-10-23 04:58 IST, Mazagon Dock Shipbuilders Limited (MAZDOCK) trades at ₹1,997.50 on NSE. Its 52-week range is ₹1,990.00 to ₹2,973.10.
What is the market capitalisation of MAZDOCK?
Mazagon Dock Shipbuilders Limited (MAZDOCK) has a market capitalisation of ₹80,575.15 Cr on NSE.
What is the P/E ratio of MAZDOCK?
MAZDOCK trades at a trailing price-to-earnings (P/E) ratio of 28.19. The industry average P/E is 25.87. Its price-to-book (P/B) ratio is 8.31.
Does MAZDOCK pay a dividend?
Mazagon Dock Shipbuilders Limited (MAZDOCK) currently offers a dividend yield of 0.88%.
What is the return on equity (ROE) of MAZDOCK?
MAZDOCK has a return on equity (ROE) of 26.48%. Its return on capital employed (ROCE) is 28.52%.
Is MAZDOCK a good stock to buy?
This page provides a data-driven analysis of Mazagon Dock Shipbuilders Limited (MAZDOCK), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.