Nifty
:
23053.10
Sensex
:
74459.53
116.35 (0.51%)
308.49 (0.42%)
Nifty
Sensex
:
:
23053.10
74459.53
116.35 (0.51%)
308.49 (0.42%)

Mazagon Dock Shipbuilders Ltd.

Ship Building

Rating :
54/99

BSE: 543237 | NSE: MAZDOCK

NSE BSE
1705.30
30-Oct-2026
  • Open
  • High
  • Low
  • Previous Close
  •  1764
  •  1765.6
  •  1703
  •  1762.70
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  1010927
  •  1735791454.1
  •  2848
  •  1687.5

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 68,776.29
  • 28.04
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 57,936.66
  • 1.06%
  • 6.58

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 81.22%
  • 0.61%
  • 10.42%
  • FII
  • DII
  • Others
  • 1.73%
  • 5.04%
  • 0.98%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 13.93
  • 17.80
  • 11.17

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 32.47
  • 36.12
  • 7.79

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 16.21
  • 33.93
  • 10.29

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • 32.88
  • 38.03

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • 8.16
  • 11.35

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • 16.34
  • 25.22

Earnings Forecasts:

(Updated: 31-10-2026)
Description
2026
2027
2028
2029
Adj EPS
64.04
67.99
71.24
80.59
P/E Ratio
26.63
25.08
23.94
21.16
Revenue
13006.3
13822.5
14282.2
16592.8
EBITDA
2265.63
2394.79
2401.01
2757.01
Net Income
2583.27
2736.83
2864.27
3235.33
ROA
9.2
11.72
10.32
9.91
P/B Ratio
7.05
5.70
4.78
4.03
ROE
29.2
24.65
21.88
20.94
FCFF
-1757.91
3282.66
-1198.8
3095.7
FCFF Yield
-2.7
5.04
-1.84
4.75
Net Debt
-12649.1
-16143.6
-16841.7
-17406.6
BVPS
241.83
299.23
356.81
423.16

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Sep 26
Sep 25
Var%
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Net Sales
2,446.09
2,929.24
-16.49%
2,942.70
2,625.59
12.08%
3,850.39
3,174.41
21.29%
3,601.09
3,143.62
14.55%
Expenses
2,246.92
2,234.58
0.55%
2,496.12
2,323.90
7.41%
3,307.50
3,055.07
8.26%
2,714.11
2,326.52
16.66%
EBITDA
199.17
694.66
-71.33%
446.58
301.69
48.03%
542.89
119.34
354.91%
886.98
817.10
8.55%
EBIDTM
8.14%
23.71%
15.18%
11.49%
14.10%
3.76%
24.63%
25.99%
Other Income
250.97
271.32
-7.50%
313.18
323.58
-3.21%
283.38
286.79
-1.19%
261.81
290.69
-9.93%
Interest
20.85
8.51
145.01%
44.34
35.36
25.40%
10.01
7.72
29.66%
5.95
5.36
11.01%
Depreciation
29.84
23.53
26.82%
28.97
23.06
25.63%
22.88
28.60
-20.00%
23.21
39.86
-41.77%
PBT
399.45
933.94
-57.23%
686.45
566.85
21.10%
793.38
369.81
114.54%
1,119.63
1,062.57
5.37%
Tax
101.54
224.07
-54.68%
174.41
147.57
18.19%
160.57
79.39
102.25%
282.50
294.35
-4.03%
PAT
297.91
709.87
-58.03%
512.04
419.28
22.12%
632.81
290.42
117.89%
837.13
768.22
8.97%
PATM
12.18%
24.23%
17.40%
15.97%
16.43%
9.15%
23.25%
24.44%
EPS
8.53
18.58
-54.09%
13.62
11.21
21.50%
16.84
8.06
108.93%
21.81
20.01
9.00%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
12,840.27
13,006.31
11,431.88
9,466.58
7,827.18
5,733.28
4,047.82
4,904.84
4,613.96
4,487.98
3,530.67
Net Sales Growth
8.15%
13.77%
20.76%
20.94%
36.52%
41.64%
-17.47%
6.30%
2.81%
27.11%
 
Cost Of Goods Sold
7,127.27
5,700.33
4,530.66
5,081.64
4,445.85
2,693.07
1,881.91
2,452.52
2,557.12
2,693.08
2,140.08
Gross Profit
5,713.00
7,305.98
6,901.22
4,384.94
3,381.33
3,040.21
2,165.91
2,452.32
2,056.83
1,794.90
1,390.59
GP Margin
44.49%
56.17%
60.37%
46.32%
43.20%
53.03%
53.51%
50.00%
44.58%
39.99%
39.39%
Total Expenditure
10,764.65
10,938.19
9,371.03
8,045.42
7,024.67
5,290.80
3,821.88
4,642.23
4,352.65
4,339.87
3,406.41
Power & Fuel Cost
-
27.95
22.79
21.11
19.12
17.73
14.63
18.16
21.61
24.44
28.68
% Of Sales
-
0.21%
0.20%
0.22%
0.24%
0.31%
0.36%
0.37%
0.47%
0.54%
0.81%
Employee Cost
-
982.76
978.75
896.55
792.71
798.73
652.81
780.54
689.47
885.70
728.84
% Of Sales
-
7.56%
8.56%
9.47%
10.13%
13.93%
16.13%
15.91%
14.94%
19.73%
20.64%
Manufacturing Exp.
-
3,258.27
2,706.36
1,622.13
1,387.77
1,497.00
1,050.94
1,165.06
895.98
508.40
170.93
% Of Sales
-
25.05%
23.67%
17.14%
17.73%
26.11%
25.96%
23.75%
19.42%
11.33%
4.84%
General & Admin Exp.
-
322.59
212.77
177.90
188.60
156.77
168.23
150.36
74.91
138.50
181.51
% Of Sales
-
2.48%
1.86%
1.88%
2.41%
2.73%
4.16%
3.07%
1.62%
3.09%
5.14%
Selling & Distn. Exp.
-
6.31
11.47
6.92
7.53
2.78
5.60
8.61
5.57
8.75
7.69
% Of Sales
-
0.05%
0.10%
0.07%
0.10%
0.05%
0.14%
0.18%
0.12%
0.19%
0.22%
Miscellaneous Exp.
-
639.98
908.23
239.17
183.09
124.72
47.76
66.98
108.00
81.00
7.69
% Of Sales
-
4.92%
7.94%
2.53%
2.34%
2.18%
1.18%
1.37%
2.34%
1.80%
4.21%
EBITDA
2,075.62
2,068.12
2,060.85
1,421.16
802.51
442.48
225.94
262.61
261.31
148.11
124.26
EBITDA Margin
16.16%
15.90%
18.03%
15.01%
10.25%
7.72%
5.58%
5.35%
5.66%
3.30%
3.52%
Other Income
1,109.34
1,339.44
1,143.73
1,101.47
686.83
410.27
574.45
558.31
590.72
558.65
766.29
Interest
81.15
74.10
27.73
14.67
11.08
14.94
10.78
13.07
9.58
6.80
22.95
Depreciation
104.90
96.67
115.19
83.13
75.58
74.51
59.65
68.75
64.33
50.22
39.39
PBT
2,998.91
3,236.79
3,061.66
2,424.83
1,402.68
763.30
729.96
739.10
778.12
649.75
828.21
Tax
719.02
814.91
784.32
615.95
356.61
186.22
150.35
349.63
307.73
256.61
288.01
Tax Rate
23.98%
25.18%
25.62%
25.40%
25.42%
24.85%
24.90%
48.11%
39.55%
39.49%
34.77%
PAT
2,279.89
2,426.79
2,277.34
1,808.88
1,046.07
563.11
453.47
377.15
470.38
393.15
540.20
PAT before Minority Interest
2,281.57
2,421.88
2,277.34
1,808.88
1,046.07
563.11
453.47
377.15
470.38
393.15
540.20
Minority Interest
1.68
4.91
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
PAT Margin
17.76%
18.66%
19.92%
19.11%
13.36%
9.82%
11.20%
7.69%
10.19%
8.76%
15.30%
PAT Growth
4.21%
6.56%
25.90%
72.92%
85.77%
24.18%
20.24%
-19.82%
19.64%
-27.22%
 
EPS
56.52
60.16
56.45
44.84
25.93
13.96
11.24
9.35
11.66
9.75
13.39

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
9,754.88
7,939.88
6,243.47
4,760.16
3,857.68
3,431.71
3,059.38
3,216.92
2,845.60
3,002.13
Share Capital
201.69
201.69
201.69
201.69
201.69
201.69
201.69
224.10
224.10
249.00
Total Reserves
9,553.19
7,738.19
6,041.78
4,558.47
3,655.99
3,230.02
2,857.69
2,992.82
2,621.50
2,753.13
Non-Current Liabilities
4,047.64
2,553.90
1,412.31
113.06
281.71
493.79
1,006.81
1,732.78
1,838.14
896.43
Secured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Unsecured Loans
72.03
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Provisions
4,648.21
3,074.17
1,850.71
410.85
564.73
730.16
1,215.07
2,105.62
2,206.17
1,212.12
Current Liabilities
15,855.54
19,823.03
22,618.73
24,139.85
25,183.94
20,789.40
16,459.95
16,224.11
15,097.84
14,967.37
Trade Payables
4,512.62
3,738.30
4,429.81
4,462.79
6,165.65
6,361.82
4,728.24
2,917.25
2,391.07
926.34
Other Current Liabilities
10,728.53
15,784.50
17,997.50
19,502.93
18,903.62
14,357.31
11,604.96
13,208.70
12,586.65
13,959.40
Short Term Borrowings
368.03
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Short Term Provisions
246.36
300.23
191.42
174.13
114.67
70.27
126.75
98.17
120.11
81.63
Total Liabilities
29,887.19
30,316.81
30,274.51
29,013.07
29,323.33
24,714.90
20,526.14
21,173.81
19,781.58
18,865.93
Net Block
2,062.42
1,465.72
837.94
1,024.33
964.62
806.85
836.35
810.31
646.38
546.25
Gross Block
2,983.40
2,091.00
1,354.70
1,493.57
1,363.62
1,140.39
1,101.17
1,006.61
763.35
617.48
Accumulated Depreciation
920.98
625.28
516.76
469.24
399.00
333.54
264.82
196.30
116.97
71.23
Non Current Assets
7,632.14
5,603.00
4,486.32
2,927.88
2,793.89
2,630.66
2,454.14
3,095.96
2,741.77
1,379.55
Capital Work in Progress
251.84
133.20
71.63
61.62
86.94
80.15
79.96
88.77
85.38
98.43
Non Current Investment
914.78
765.04
678.79
588.60
542.32
518.65
484.18
430.67
429.15
383.59
Long Term Loans & Adv.
4,208.92
3,089.12
2,762.10
1,117.27
1,055.62
1,077.75
896.79
1,124.99
1,220.28
211.79
Other Non Current Assets
194.18
149.92
135.86
136.06
144.39
147.26
156.86
641.21
360.59
139.49
Current Assets
22,254.93
24,713.75
25,788.12
26,085.19
26,529.44
22,084.24
18,072.00
18,077.86
17,039.81
17,486.38
Current Investments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Inventories
2,616.89
4,537.08
5,713.37
7,356.86
7,700.10
5,888.61
4,622.69
3,790.30
3,785.97
4,028.65
Sundry Debtors
2,605.70
1,067.21
1,846.93
1,002.33
1,005.41
965.94
1,432.82
1,472.89
1,108.85
746.96
Cash & Bank
13,096.49
16,149.61
14,209.63
13,286.42
11,480.47
8,027.91
5,798.28
7,469.68
7,189.59
8,362.88
Other Current Assets
3,935.85
373.87
311.76
225.96
6,343.46
7,201.78
6,218.21
5,344.98
4,955.40
4,347.89
Short Term Loans & Adv.
3,519.58
2,585.98
3,706.43
4,213.62
6,198.72
7,053.31
6,027.25
4,198.08
4,091.53
3,026.99
Net Current Assets
6,399.39
4,890.72
3,169.39
1,945.34
1,345.50
1,294.84
1,612.05
1,853.74
1,941.97
2,519.01
Total Assets
29,887.07
30,316.75
30,274.44
29,013.07
29,323.33
24,714.90
20,526.14
21,173.82
19,781.58
18,865.93

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
-2,653.88
2,102.05
683.75
1,515.60
-162.63
68.21
-95.54
65.23
441.66
-1,009.24
PBT
3,236.79
3,061.66
2,424.83
1,402.68
749.33
603.82
726.78
778.12
649.75
828.21
Adjustment
-515.87
-159.87
-918.96
-532.56
-275.00
-300.69
-457.34
-478.87
-439.65
-595.83
Changes in Working Capital
-4,389.57
142.77
-144.96
957.63
-334.51
-78.24
-156.83
81.87
538.56
-895.50
Cash after chg. in Working capital
-1,668.65
3,044.56
1,360.91
1,827.75
139.82
224.89
112.61
381.11
748.67
-663.12
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-985.23
-942.51
-677.16
-312.15
-302.45
-156.68
-208.15
-315.88
-307.01
-346.12
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
1,165.70
-1,298.98
3,114.81
-149.66
326.40
348.25
453.72
416.60
391.80
494.10
Net Fixed Assets
-160.80
-797.87
128.86
-104.63
-230.02
-39.41
-85.76
-246.62
-132.84
91.38
Net Investments
-236.95
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Others
1,563.45
-501.11
2,985.95
-45.03
556.42
387.66
539.48
663.22
524.64
402.72
Cash from Financing Activity
-931.22
-736.16
-448.50
-217.99
-183.21
-159.83
-604.58
-125.74
-602.75
-239.75
Net Cash Inflow / Outflow
-2,419.40
66.91
3,350.06
1,147.95
-19.44
256.63
-246.40
356.10
230.71
-754.89
Opening Cash & Equivalents
5,300.74
5,218.48
1,868.42
720.47
739.91
483.28
729.68
373.58
142.88
897.77
Closing Cash & Equivalent
2,881.34
5,285.39
5,218.48
1,868.42
720.47
739.91
483.28
729.68
373.58
142.88

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
241.83
196.83
154.78
118.01
191.27
170.15
151.69
143.55
126.98
1205.67
ROA
8.05%
7.52%
6.10%
3.59%
2.08%
2.00%
1.81%
2.30%
2.03%
2.89%
ROE
27.37%
32.11%
32.88%
24.28%
15.45%
13.97%
12.02%
15.52%
13.45%
19.14%
ROCE
36.51%
43.56%
44.34%
32.81%
20.97%
18.94%
23.58%
25.99%
22.45%
30.16%
Fixed Asset Turnover
5.13
6.64
6.65
5.48
4.58
3.61
4.65
5.21
6.50
5.63
Receivable days
51.54
46.52
54.93
46.81
62.75
108.15
108.12
102.12
75.47
86.15
Inventory Days
100.38
163.64
251.97
351.07
432.55
473.91
313.03
299.67
317.77
427.65
Payable days
264.16
329.02
319.37
436.29
848.94
1075.47
260.32
227.96
153.83
130.43
Cash Conversion Cycle
-112.24
-118.86
-12.46
-38.41
-353.64
-493.41
160.83
173.83
239.41
383.37
Total Debt/Equity
0.05
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Interest Cover
44.68
111.41
166.29
127.60
51.16
57.01
56.61
82.20
96.62
37.09

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • Mazagon Dock Ship. - Quarterly Results
    28th Oct 2026, 00:00 AM

    Read More
  • Mazagon Dock Shipbuilders signs MoU with NSHIPAP
    18th Sep 2026, 17:44 PM

    The MoU aims to participate as the Anchor Shipyard in the proposed Greenfield Shipbuilding Industrial Cluster at Dugarajapatnam, Andhra Pradesh

    Read More
  • Mazagon Dock Shipbuilders to invest Rs 27,000 crore in greenfield shipbuilding cluster at Dighi
    16th Sep 2026, 15:09 PM

    The company has set a target of achieving an annual shipbuilding capacity of at least 2 million gross tonnes

    Read More
  • Mazagon Dock Shipbuilders bags order worth Rs 117.99 crore from MSETCL
    5th Sep 2026, 11:44 AM

    The order is to be executed within 24 months

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.