MAZDOCK vs GRSE: share price, P/E, ROE and financials compared
Mazagoan Dock Shipbuilders
Garden Reach Shipbuilders & Engineers
MAZDOCK and GRSE at a glance
MAZDOCK and GRSE are both listed in Capital Goods. MAZDOCK is the larger by market cap, at ₹74,222 Cr against ₹24,465 Cr for GRSE (3.0 times as large). On valuation, MAZDOCK has the lower price-to-book (7.10× against 9.32×). On returns and margins, MAZDOCK has the higher operating margin (16.2% against 11.0%), while GRSE has the higher ROCE (36.8% against 28.5%) and the higher ROE (31.8% against 23.2%). Over three years, GRSE has faster 3-year sales growth (+40.0% against +19.6% a year) and faster 3-year profit growth (+48.5% against +32.2% a year). GRSE carries less debt for its equity, with a debt-to-equity of 0.01× against 0.08×.
Key metrics, side by side
| Metric | MAZDOCKMAZDOCK | GRSEGRSE |
|---|---|---|
| Price (₹) | 1,840.00 | 2,135.70 |
| Market cap (₹ Cr) | 74,222 | 24,465 |
| P/E | 30.3× | 30.6× |
| P/B | 7.10× (the lower figure, shaded) | 9.32× |
| Dividend yield, trailing | 0.93% | 0.92% |
| ROE | 23.2% | 31.8% (the higher figure, shaded) |
| ROCE | 28.5% | 36.8% (the higher figure, shaded) |
| Operating margin (OPM) | 16.2% (the higher figure, shaded) | 11.0% |
| Net margin (NPM) | 17.7% (the higher figure, shaded) | 10.7% |
| Sales CAGR 3Y | +19.6% | +40.0% (the higher figure, shaded) |
| Profit CAGR 3Y | +32.2% | +48.5% (the higher figure, shaded) |
| Debt to equity | 0.08× | 0.01× (the lower figure, shaded) |
| Interest cover | 46.1× | 63.3× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 2,452 | – |
| 1Y return | −31.5% | −16.4% (the higher figure, shaded) |
| Promoter holding | 81.22% | – |
MAZDOCK vs GRSE: common questions
Which is bigger, MAZDOCK or GRSE?
By market cap, MAZDOCK is bigger at ₹74,222 Cr, against ₹24,465 Cr for GRSE (prices as of 6 Nov 2026).
Which has a lower P/E ratio, MAZDOCK or GRSE?
MAZDOCK trades at a P/E of 30.3× and GRSE at 30.6×. The two are close. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, MAZDOCK or GRSE?
MAZDOCK reports a return on equity of 23.2% and GRSE 31.8%. GRSE has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, MAZDOCK or GRSE?
Over the last three years: Sales grew +19.6% a year at MAZDOCK and +40.0% at GRSE, so GRSE grew sales faster; profit grew +32.2% a year at MAZDOCK and +48.5% at GRSE, so GRSE grew profit faster. Past growth doesn’t predict future growth.