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As of 6 Nov 2026, Mazagoan Dock Shipbuilders trades at 30.3× trailing earnings, below the industry P/E of 54.7×, and the shares are 35% below their 52-week high. Sales and net profit grew 20% and 32% a year over 3 years, with ROCE of 29% and ROE of 23%. It carries very little debt, and its dividend yield is 0.9%. It is a mid-cap company with a market cap of ₹74,222 Cr, ranked 3rd of 27 Aerospace & Defense companies by market cap; the shares fell 31% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,834.90
Day high
₹1,840.90
Day low
₹1,792.60
Prev. close
₹1,839.00
Volume
5.8 L

Health check

2 good · 2 fair · 2 to check
  • ReturnsBehind

    −31.5% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 30.3 vs industry 54.7.

  • GrowthSteady

    Sales +19.6%, profit +32.2% a year over 3 years.

  • ProfitabilityStrong

    ROCE 28.5% vs peer median 20.4%.

  • Balance sheetFair

    Debt 0.08× equity, interest covered 46.1×, Piotroski 5 of 9.

  • Red flags3 to check

    Quarterly profit down 54.1% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Aerospace & Defense

26 listed peers. Screen the industry

Mid cap

₹74,222 Cr, #3 of 27 in its industry by size.

Defensive

Beta 0.74 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹12,840 Cr · profit ₹2,275 Cr
Market cap
₹74,222 Cr
Mid cap
P/E
30.3
Industry 54.7
Price to book
7.10
Peers 9.32
Dividend yield
0.93%
ROE
23.2%
Peers 24.0%
ROCE
28.5%
Peers 20.4%
Debt to equity
0.08
Debt ₹811 Cr
EPS (TTM)
₹60.80
Face value ₹5
OPM (TTM)
16.2%
Net margin 17.7%
Sales growth
−16.5%
Latest quarter vs a year ago
Profit growth
−54.1%
Latest quarter vs a year ago
Price to sales
5.78
EV/EBITDA 33.6

Strengths and risks

Strengths

  • Return on equity of 23.2%.
  • Return on capital employed of 28.5%.
  • Practically debt-free.
  • P/E of 30.3 against an industry P/E of 54.7.

Risks to check

  • Quarterly profit down 54.1% on a year ago.
  • Quarterly sales down 16.5% on a year ago.
  • 35% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Mazagoan Dock Shipbuilders

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,…

Headquarters
Mumbai
Employees
2,782
Sector
Industrials
ISIN
INE249Z01020
Website
mazagondock.in

Price range

52 weeks

₹1,687.50₹2,848.00

Today

₹1,792.60₹1,840.90
Avg volume (3M)
8.1 L
1-year return
minus 31.5%
From 52-week high
minus 35.4%

Analyst consensus

14 analysts
HoldMean target ₹2,160.43 plus 17.4%

Target range, with today’s price

Low ₹1,490.00High ₹2,950.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Aerospace & Defense

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
HALHindustan Aeronautics4,980.00minus 1.25%3,33,05035.728.513.8%25.3%0.006.4%plus 7.6%
BELBharat Electronics396.00plus 0.23%2,89,46745.333.731.9%28.2%0.0015.5%minus 4.8%
MAZDOCKMazagoan Dock Shipbuilders1,840.00plus 0.05%74,22230.321.928.5%16.2%0.0819.6%minus 31.5%
BDLBharat Dynamics1,060.00minus 1.40%38,85674.6152.17.2%12.8%0.00−0.9%minus 27.4%
COCHINSHIPCochin Shipyard1,220.00minus 1.05%32,09647.230.316.7%12.6%0.2826.9%minus 30.3%
GRSEGarden Reach Shipbuilders & Engineers2,135.70minus 0.07%24,46530.625.836.8%11.0%0.0140.0%minus 16.4%
DATAPATTNSData Patterns (India)3,767.70minus 4.85%21,09387.854.820.4%39.6%0.0026.8%plus 46.6%
SIGMAADVSIGMA ADVANCED SYSTEMS909.25minus 2.25%17,26998.4264.652.6%14.9%0.71528.7%plus 319.3%
Median of 7 peers–−1.25%32,09647.233.720.4%14.9%0.0026.8%−4.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
2,626–3,6013,8502,9432,446
2,324–2,7143,3082,4962,247
302966887543447199
11.5%–24.6%14.1%15.2%8.1%
288–262283313248
–8.561044.320.1
23.1–23.222.92929
567–1,120793686398
––25.2%20.2%25.4%25.5%
–749880679549344
11.21–21.8116.8413.628.53

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+19.6%
Profit CAGR 3Y
+32.2%
EPS CAGR 3Y
+32.2%
ROE
23.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7,5849,06811,19612,973
–+19.6%+23.5%+15.9%
6,7817,6478,56910,166
8031,4212,6272,807
10.6%15.7%23.5%21.6%
6801,0941,1091,134
98.824.171.8
75.683.111596.7
4.81.7−535−536
1,4032,4253,0623,237
25.4%25.4%25.6%25.2%
1,1191,9372,4142,583
–+73.1%+24.6%+7.0%
27.7448.0259.8364.04

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
202202202202
4,5586,0427,7389,553
616.620.3447
24,69723,18920,74817,256
29,46329,44928,70827,458
1,0698881,5772,294
61.668.2133252
121126134183
13,28614,20916,14913,274
14,92614,15710,71411,456
29,46329,44928,70827,458

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,5166842,102−2,654
−1503,115−1,2991,166
−218−449−736−931
1,1483,35066.9−2,419
−136−10−805−176
1,3806741,297−2,830
−216−448−712−775

Shareholding pattern

Source: NSE filings
81.2%
promoters
  • Promoters81.22%
  • Public18.78%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202681.22%18.78%0.00
30 Jun 202681.22%18.78%0.00
31 Mar 202681.22%18.78%0.00
31 Dec 202581.22%18.78%0.00
30 Sep 202581.22%18.78%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you