Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Mazagon Dock Shipbuilders Limited, framed against the sector median so the premium or discount is obvious at a glance.
Mazagon Dock Shipbuilders Limited trades at a P/E of 38.99× and P/B of 10.33×, against the Capital Goods sector median P/E of 33.96×.
Valuation
Profitability
Growth
Financial Health
Mazagon Dock Shipbuilders Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Mazagon Dock Shipbuilders Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Mazagon Dock Shipbuilders Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Mazagon Dock Shipbuilders Limited, switchable between annual and quarterly views, consolidated or standalone.
Mazagon Dock Shipbuilders Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹10,05,62,63,40,000 Cr and reported EPS of ₹64.07.
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 4,048 | 5,733 | 7,827 | 9,467 | 11,432 | 13,006 |
| Other Income | 574 | 410 | 687 | 1,101 | 1,121 | 1,139 |
| Total Income | 4,622 | 6,144 | 8,514 | 10,568 | 12,553 | 14,146 |
| Cost of Goods Sold (COGS) | 1,882 | 2,693 | 4,446 | 5,082 | 5,682 | 7,339 |
| Gross Profit | 2,166 | 3,040 | 3,381 | 4,385 | 5,750 | 5,667 |
| +Operating Expenses | 1,942 | 2,606 | 2,584 | 2,973 | 3,690 | 3,402 |
| EBITDA | 224 | 435 | 798 | 1,412 | 2,060 | 2,266 |
| +Non-Operating Expenses | -58 | 68 | 82 | 88 | 120 | 168 |
| Profit Before Tax (PBT) | 604 | 749 | 1,403 | 2,425 | 3,062 | 3,237 |
| +Tax Expense | 150 | 186 | 357 | 616 | 784 | 815 |
| Total Profit for Period | 514 | 611 | 1,119 | 1,937 | 2,414 | 2,578 |
| Less: Non-controlling Interests | — | — | — | — | — | -5 |
| Net Profit (Owner's PAT) | 514 | 611 | 1,119 | 1,937 | 2,414 | 2,583 |
| Earnings Per Share (EPS) | 12.74 | 15.14 | 27.74 | 48.02 | 59.83 | 64.04 |
| Diluted Shares Outstanding (Nos.) | 40 | 40 | 40 | 40 | 40 | 40 |
| +Additional Disclosures | 5,848 | 8,116 | 11,630 | 13,347 | 15,305 | 18,399 |
| Sales Growth % | — | 41.64 | 36.52 | 20.94 | 20.76 | 13.77 |
| YoY Sales Growth % | — | 41.64 | 36.52 | 20.94 | 20.76 | 13.77 |
| Material Cost % | 46 | 47 | 57 | 54 | 40 | 44 |
| Employee Cost % | 16 | 14 | 10 | 9 | 9 | 8 |
| Other Cost % | 32 | 32 | 23 | 22 | 24 | 19 |
| OPM % | 6 | 8 | 10 | 15 | 18 | 17 |
| Tax % | 25 | 25 | 25 | 25 | 26 | 25 |
| Profit Growth % | — | 18.87 | 83.20 | 73.09 | 24.60 | 7.04 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | 164 | 360 | 722 | 1,328 | 1,945 | 2,169 |
Mazagon Dock Shipbuilders segment analysis: revenue and profit mix.
Disclosed business segments at Mazagon Dock Shipbuilders with their share of revenue and profit, switchable between consolidated and standalone reporting.
Mazagon Dock Shipbuilders discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Mazagon Dock Shipbuilders Limited.
Our AI distills the core fundamental drivers supporting Mazagon Dock Shipbuilders Limited, the risks that threaten it, and the exact valuation or growth triggers that should make you re-evaluate.
Mazagon Dock Shipbuilders Limited's investment case rests on 9 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Mazagon Dock demonstrates robust profitability with a high ROE of 34% and ROCE of 43.20%, indicating efficient capital utilization and strong returns for shareholders.
The company maintains a very strong balance sheet, boasting a zero debt-to-equity ratio (0.00), which signifies minimal financial risk and ample capacity for future growth.
A substantial promoter holding of 81.2% reflects strong insider confidence and a long-term commitment to the company's success, mitigating risks of hostile takeovers.
Recent quarterly results highlight strong operational improvement, with net profit surging by 28.10% and sales growing by 6.25% year-on-year, indicating consistent performance.
A healthy operating profit margin (OPM) of 16.00% underscores robust core business profitability and efficient cost management, even amid varying market conditions.
What can break it.
Mazagon Dock's P/E ratio of 47.90 is notably higher than some industry peers, suggesting a premium valuation that could expose the stock to significant market corrections.
Quarterly net profits show significant volatility, with a sharp decline from 807 Cr (Dec 2024) to 325 Cr (Mar 2025), raising concerns about earnings consistency.
The stock is trading significantly below its 52-week high of 3778.00, currently at 2774.00, indicating recent downward price momentum and potential investor caution.
A declining trend in FII holding, from 3.69% (Sep 2023) to 1.97% (Sep 2025), could signal reduced foreign institutional investor interest and potential lack of confidence.
Intense competition within the "Ship Building & Allied Services" sector could exert downward pressure on pricing and profit margins, impacting future financial performance.
What would change my mind.
Trim if P/E re-rates above 51 (~1.5× the sector multiple of 34.0). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 24%. The operating engine is no longer compounding capital efficiently.
Mazagon Dock Shipbuilders Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Mazagon Dock Shipbuilders Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
Mazagon Dock Shipbuilders Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Mazagon Dock Shipbuilders Limited — derived from the live tape, not yesterday's close.
Mazagon Dock Shipbuilders Limited last traded at ₹2,493 with an intraday range of ₹2,477.7–₹2,544.8 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹2493.00| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 2666.83 | +173.83 | +6.97% |
| R3 | 2599.73 | +106.73 | +4.28% |
| R2 | 2572.27 | +79.27 | +3.18% |
| R1 | 2532.63 | +39.63 | +1.59% |
| PIVOT | 2505.17 | 12.17 | 0.49% |
| CURRENT | 2493.00 | — | — |
| S1 | 2331.33 | -161.67 | -6.48% |
| S2 | 2398.43 | -94.57 | -3.79% |
| S3 | 2438.07 | -54.93 | -2.20% |
| S4 | 2465.53 | -27.47 | -1.10% |
MAZDOCK is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 2490.3 ~ 2519.7
Trading Below opening range, showing Bearishness
Mazagon Dock Shipbuilders Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Mazagon Dock Shipbuilders Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Mazagon Dock Shipbuilders Limited stood at 23.5% of traded volume, against a 20-day average of 26.8%.
Mazagon Dock Shipbuilders announcements: results, concalls, ratings, M&A.
Filings Mazagon Dock Shipbuilders sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Mazagon Dock Shipbuilders files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 113 documents below.
Disclosure under SEBI Takeover Regulations
Mazagon Dock Shipbuilders Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of…
Updates
Mazagon Dock Shipbuilders Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchange'.
Investor Presentation
Mazagon Dock Shipbuilders Limited has informed the Exchange about Investor Presentation
Outcome of Board Meeting
Mazagon Dock Shipbuilders Limited has informed the Exchange regarding appointment of Shri. Dinesh Mahur as the Government Nominee Director of the…
Dividend
Mazagon Dock Shipbuilders Limited has informed the Exchange that Board of Directors at its meeting held on April 30, 2026, recommended Final Dividend…
Investor decks & rating reports.
Investor Presentation
Updates
Investor Presentation
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Investor Presentation
Mazagon Dock Shipbuilders insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Mazagon Dock Shipbuilders as reported to SEBI — buying and selling signals from the people who know the business best.
Mazagon Dock Shipbuilders insider activity below tracks 3 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Payal Prakash | Insider | 08 Apr 2025 | sell | −1.0 K | ₹23.51 L | ₹2,351.47 |
| The President of India acting through the Ministry of Defence, Government of India | Insider | 07 Apr 2025 | sell | −1.46 Cr | ₹3,677.78 Cr | ₹2,525.35 |
| Payal Prakash | Insider | 01 Jan 2025 | buy | +1.0 K | ₹22.35 L | ₹2,234.79 |
Mazagon Dock Shipbuilders dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Mazagon Dock Shipbuilders has declared, sequenced by announce and record date.
Mazagon Dock Shipbuilders corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Mazagon Dock Shipbuilders Limited: business, sector, key facts.
What Mazagon Dock Shipbuilders Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Mazagon Dock Shipbuilders Limited operates in the Ship Building & Allied Services industry under the Capital Goods sector, listed as NSE: MAZDOCK, BSE: 543237.
Mazagon Dock Shipbuilders Limited (MDL) is a prominent Indian shipbuilding and repair company with a long history dating back to 1774. Its core business revolves around the construction and maintenance of a wide range of vessels and maritime structures, both for the Indian Navy and the commercial sector. This encompasses a diverse portfolio of projects, showcasing the company's extensive capabilities in shipbuilding and related engineering.
MDL operates primarily through two distinct segments: Shipbuilding and Submarine. The Shipbuilding segment caters to a broad spectrum of clients, including the Indian Navy and private entities. For the navy, it manufactures sophisticated naval platforms, such as destroyers, frigates, corvettes, missile boats, offshore patrol vessels, and floating border outposts. For commercial clients, it builds a variety of merchant ships, including general cargo vessels, multipurpose support vessels, offshore supply vessels, tugs, dredgers, and various other specialized ships. Beyond traditional vessels, MDL also constructs offshore platforms and jack-up rigs, crucial for the oil and gas industry.
The Submarine segment focuses on the design, construction, and maintenance of submarines for the Indian Navy. This is a highly specialized and technically demanding area, underscoring MDL's advanced technological expertise and its importance to India's national security. The company also provides training ships and advanced patrol vessels for the coast guard.
In addition to its core shipbuilding and repair activities, MDL is venturing into the field of Artificial Intelligence (AI) with products such as remote operated vehicles (ROVs) and AI-enabled inspection techniques utilizing ultrasonic testing and computerized radiography. This diversification reflects MDL's commitment to innovation and its efforts to embrace cutting-edge technologies to enhance efficiency and improve its offerings.
In summary, Mazagon Dock Shipbuilders Limited is a multifaceted company with a strong focus on shipbuilding and submarine construction. Its diverse portfolio of products and services, combined with its foray into AI-driven technologies, positions it for continued growth and success in the dynamic maritime industry. Its long history and significant contributions to India's naval capabilities solidify its position as a key player in the Indian and potentially international shipbuilding market.
Questions investors ask about Mazagon Dock Shipbuilders Limited (MAZDOCK).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Mazagon Dock Shipbuilders Limited (MAZDOCK)?
The current share price of Mazagon Dock Shipbuilders Limited (MAZDOCK) is ₹2,493. Today, the stock has declined by ₹13.70 (0.55%), trading in a range of ₹2,477.7 to ₹2,544.8. The stock opened at ₹2,499.1 with a trading volume of 9,44,183 shares.
02Is Mazagon Dock Shipbuilders Limited stock a good investment for long-term?
Mazagon Dock Shipbuilders Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹10,05,62,63,40,000 crores, P/E ratio of 38.99, ROE of 28.77%, and ROCE of 43.20%. The dividend yield stands at 0.77%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Mazagon Dock Shipbuilders Limited stock?
The 52-week high price of Mazagon Dock Shipbuilders Limited (MAZDOCK) is ₹3,369, while the 52-week low is ₹2,057.4. Currently trading at ₹2,493, the stock is 33.2% away from its 52-week low and 26.0% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Mazagon Dock Shipbuilders Limited stock at the current price?
Whether to buy Mazagon Dock Shipbuilders Limited stock at ₹2,493 depends on multiple factors. The stock is currently trading with a P/E ratio of 38.99 and P/B ratio of 10.33. Today's performance shows a loss of 0.55%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Mazagon Dock Shipbuilders Limited and when is the next dividend?
Mazagon Dock Shipbuilders Limited offers a dividend yield of 0.77%, which means for every ₹100 invested at the current price of ₹2,493, you can expect to receive approximately ₹0.77 annually as dividends. The face value of the stock is ₹5.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Mazagon Dock Shipbuilders Limited?
Mazagon Dock Shipbuilders Limited's key financial metrics include: P/E Ratio: 38.99, P/B Ratio: 10.33, ROE: 28.77%, ROCE: 43.20%, Dividend Yield: 0.77%, EPS: ₹64.07, Book Value: ₹241.83, and Debt-to-Equity: 0.04. The company's market cap stands at ₹10,05,62,63,40,000 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Mazagon Dock Shipbuilders Limited stock performing today in the market?
Mazagon Dock Shipbuilders Limited stock opened at ₹2,499.1 and is currently trading at ₹2,493, showing a decline of ₹13.70 (0.55%). The intraday high is ₹2,544.8 and low is ₹2,477.7. The trading volume stands at 9,44,183 shares, indicating moderate market participation today.
08What is the P/E ratio of Mazagon Dock Shipbuilders Limited and what does it indicate?
Mazagon Dock Shipbuilders Limited has a Price-to-Earnings (P/E) ratio of 38.99, which means investors are willing to pay ₹38.99 for every ₹1 of earnings. With an EPS of ₹64.07, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Mazagon Dock Shipbuilders Limited (MAZDOCK) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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