Mazagon Dock Shipbuilders Ltd (MAZDOCK)
₹1,705.30
Mkt cap
₹68,816 Cr
P/E ratio
28.10
P/B
6.58
Div yield
1.06%
ROE
29.20%
ROCE
36.00%
EPS (TTM)
₹60.69
Book value
₹259
52W range
1,688–2,882
Sector
Industrials
Price history
Previous close
Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms. [1]
NSE MAZDOCKBSE 543237
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthModerate
TechnicalsBearish
52-week range
−40.83% from high₹1,705
₹1,688+1.05% from low₹2,882
Current
₹1,705.30
Prev close
₹1,762.70
Day
−3.26%
Price performance
1D
−3.26%
1W
−8.32%
1M
−18.29%
3M
−26.47%
6M
−38.43%
1Y
−39.31%
YTD
−31.64%
Financials
Revenue, profit & margin
P/E ratio
28.1×
MAZDOCK is 29% below the sector median of 39.7×
MAZDOCK28.1×
Sector median39.7×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,828 | 2,362 | 3,104 | 2,357 | 2,757 | 3,144 | 3,174 | 2,626 | 2,929 | 3,601 | 3,850 | 2,943 | 2,446 | |
| Expenses | 1,651 | 1,823 | 2,580 | 1,715 | 2,246 | 2,327 | 3,055 | 2,324 | 2,235 | 2,714 | 3,308 | 2,496 | 2,247 | |
| Operating Profit | 177 | 539 | 524 | 642 | 511 | 817 | 119 | 302 | 695 | 887 | 543 | 447 | 199 | |
| OPM % | 10% | 23% | 17% | 27% | 19% | 26% | 3.8% | 11% | 24% | 25% | 14% | 15% | 8% | |
| Other Income | 251 | 269 | 349 | 271 | 258 | 291 | 287 | 324 | 271 | 262 | 283 | 293 | 251 | |
| Interest | 1 | 1 | 1 | 1 | 5 | 5 | 8 | 35 | 9 | 6 | 10 | 24 | 21 | |
| Depreciation | 20 | 20 | 23 | 23 | 23 | 40 | 29 | 23 | 24 | 23 | 23 | 29 | 30 | |
| Profit before tax | 407 | 786 | 849 | 889 | 740 | 1,063 | 370 | 567 | 934 | 1,120 | 793 | 686 | 399 | |
| Tax % | 25% | 25% | 26% | 25% | 25% | 28% | 21% | 26% | 24% | 25% | 20% | 25% | 25% | |
| Net Profit | 333 | 627 | 663 | 696 | 585 | 807 | 325 | 452 | 749 | 880 | 674 | 550 | 346 | |
| EPS in Rs | 8.25 | 15.54 | 16.43 | 17.26 | 14.50 | 20.01 | 8.06 | 11.21 | 18.58 | 21.81 | 16.84 | 13.62 | 8.53 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −0.54% · closed higher next day 8 of last 24
| Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25† | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 12 Feb '24◦ | 29 May '24◦ | 14 Aug '24◦ | 5 Nov '24◦ | 7 Feb '25◦ | 29 May '25◦ | 28 Jul '25◦ | 27 Oct '25◦ | 5 Feb '26◦ | 30 Apr '26◦ | 30 Jul '26◦ | 27 Oct '26 |
| Earnings day | −1.59% | −1.85% | −0.47% | +1.94% | −1.30% | −7.28% | −2.49% | −1.07% | +0.17% | −4.45% | +2.70% | −6.45% |
| +1 day | −1.07% | −5.16% | −5.48% | +1.40% | −2.02% | −9.78% | −1.08% | −1.29% | +3.09% | −3.65% | +3.06% | −7.58% |
| +5 days | −2.07% | −5.86% | −11.74% | −7.31% | −6.60% | −9.24% | +2.08% | −4.53% | −2.01% | −6.12% | +8.44% | — |
| +15 days | −4.26% | +15.99% | −11.97% | +9.44% | −3.04% | −13.19% | −0.61% | −0.96% | −7.23% | −9.62% | +10.04% | — |
| +30 days | −14.57% | +65.40% | −16.06% | +12.54% | +18.52% | −15.37% | +0.16% | −13.21% | −7.99% | −9.72% | +0.86% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Interim Dividend - Rs 5 Per Share | 5.00 | 3 Nov '26 | 3 Nov '26 |
Shareholding
as of Sep 202681.22%Promoter
Promoters81.22%
FIIs1.73%0.01
DIIs5.09%0.07
Public11.95%0.09
Ownership trend
Peers
5 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Mazagon Dock | ₹1,705.30 | 28.06 | 68,816 | 1.06% | 346 | −54.09% | 2,446 | −16.49% | 35.98% |
| Cochin Shipyard | ₹1,114.20 | 49.63 | 29,333 | 0.81% | 136 | −27.71% | 910 | −6.91% | 14.52% |
| Swan Defence | ₹2,631.10 | 39.67 | 13,861 | 0.00% | 566 | +1,03,089.09% | 69 | +74.00% | −7.60% |
| Laxmipati Engg | ₹365.00 | — | 210 | 0.00% | 24 | −30.42% | 44 | +64.34% | 21.84% |
| Hariyana Ship | ₹91.09 | 3.26 | 56 | 0.00% | 4 | +548.53% | 0 | — | 8.42% |
| Median: 4 Co. | ₹1,409.75 | 39.67 | 21,597 | 0.41% | 241 | −29.07% | 489 | +28.72% | 18.18% |
Filings
Annual reports6
Concall transcripts49
PPTOct 2026PPTSep 2026PPTJul 2026PPTApr 2026PPTMar 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025PPTJul 2025TranscriptJun 2025PPTJun 2025RECJun 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024PPTNov 2024TranscriptAug 2024PPTAug 2024RECAug 2024TranscriptJun 2024TranscriptJun 2024TranscriptJun 2024
Credit ratings5
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Oct - Mazagon Dock Shipbuilders Limited has informed about Newspaper Advertisement regarding Unaudited Financial Results for the quarter ended 30 September 2026.Announcement under Regulation 30 (LODR)-Dividend Updates 27 Oct - Board approved ₹5 interim dividend for FY2026-27; record date 3 Nov 2026, payment by 26 Nov 2026.Announcement under Regulation 30 (LODR)-Investor Presentation 27 Oct - Mazagon Dock Shipbuilders Limited has informed about Corporate Investors Presentation on Company''s Performance for the quarter and period ended on 30 September 2026.Interim Dividend For The Financial Year 2026-27. 27 OctDisclosure Under Para B Of Part A Of Schedule III Read With Regulation 30 Of The SEBI (LODR) Regulations, 2015. 27 Oct - Board approved ₹1,250 crore additional credit facility for SBLC backing Colombo Dockyard PLC's bank guarantees.