Mazagoan Dock Shipbuilders Ltd.

NSE: MAZDOCK · Capital Goods

₹1,840.00+0.05%06 Nov 2026

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Instant answers about Mazagoan Dock Shipbuilders Ltd. — computed from its filings, no language model

Market cap₹74,222 cr

Current price₹1,840.00

High / Low₹2,830 / ₹1,705

P/E30.2

P/B7.10

Book value₹259.3

ROE23.5%

ROCE27.3%

Debt / equity0.08

Dividend yield1.04%

EPS (TTM)₹60.86

Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	4,050	5,733	7,827	9,467	11,432	13,006
EBITDA	224	435	798	1,412	2,060	2,266
Operating margin	5.5%	7.6%	10.2%	14.9%	18.0%	17.4%
Interest	8	7	6	5	4	72
Depreciation	60	75	76	83	115	97
Profit before tax	604	749	1,403	2,425	3,062	3,237
Tax	150	186	357	616	784	815
Net profit	0	611	0	1,937	2,414	2,583
EPS ₹	25.48	30.29	55.48	96.04	59.83	64.04
Operating cash flow	—	-163	858	684	2,078	-2,891
Capex	—	32	136	-103	743	64
Dividend paid	—	180	216	448	712	775
Total assets	25,139	29,770	29,463	29,449	28,708	27,458
Equity	3,432	3,858	4,760	6,243	7,940	9,755

Quarterly performance

last 25 quarters · ₹ crore

showing latest 8 of 25 periods

	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,100	1,461	1,105	1,214	1,570	1,552	1,396	2,230	1,702	1,816	2,079	2,173	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
Operating profit	73	92	43	70	85	202	77	174	118	296	211	172	177	539	524	642	511	817	90	302	695	887	543	447	199
Operating margin	6.6%	6.3%	3.9%	5.8%	5.4%	13.0%	5.5%	7.8%	6.9%	16.3%	10.1%	7.9%	9.7%	22.8%	16.9%	27.2%	18.5%	26.0%	2.8%	11.5%	23.7%	24.6%	14.1%	15.2%	8.1%
Other income	107	96	273	88	90	103	129	136	164	176	211	233	251	269	349	271	254	286	310	289	271	262	283	313	251
Interest	2	2	2	2	2	2	1	1	1	1	2	1	1	1	1	1	1	1	1	1	8	6	10	44	21
Depreciation	18	18	17	17	17	17	23	18	18	18	20	20	20	20	23	23	23	40	29	23	24	23	23	29	30
Profit before tax	133	160	297	125	156	286	182	290	261	452	400	383	407	786	849	889	740	1,063	370	567	934	1,120	793	686	399
Tax	52	33	66	32	31	86	37	73	66	114	103	97	103	195	222	223	188	294	79	148	224	282	161	174	102
Net profit	0	141	0	0	0	0	159	0	0	0	0	0	0	627	663	696	0	0	325	0	749	880	679	549	346
EPS ₹	4.93	7.01	12.85	5.04	6.69	10.67	7.88	11.14	10.61	17.56	16.17	15.59	16.50	31.08	32.87	34.51	29.01	20.01	8.06	11.21	18.58	21.81	16.84	13.62	8.53
Revenue YoY	—	—	—	—	42.8%	6.3%	26.4%	83.7%	8.4%	17.0%	48.9%	-2.6%	7.4%	30.1%	49.3%	8.5%	50.8%	33.1%	2.3%	11.4%	6.3%	14.6%	21.3%	12.1%	-16.5%
Profit YoY	—	—	—	—	—	-100.0%	—	—	—	—	-100.0%	—	—	—	—	—	—	-100.0%	-50.9%	-100.0%	—	—	108.8%	—	-53.8%

Earlier results (standalone, Sep '19 – Sep '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Mazagoan Dock Shipbuilders Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Quarters

	SEP '19†
Revenue	1,100
Operating profit	73
Operating margin	6.6%
Other income	112
Interest	2
Depreciation	18
Profit before tax	138
Tax	52
Net profit	86
EPS ₹	4.28

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 22 periods

	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	4.1%	4.1%	0.0%	4.1%	4.1%	3.7%	3.7%	0.0%	0.0%	0.0%	11.6%	20.7%	31.8%	27.2%	18.6%	12.9%	4.1%	12.1%	21.9%	23.7%	29.3%	23.5%
ROCE	21.1%	21.7%	25.4%	19.6%	23.9%	23.8%	27.7%	29.6%	31.6%	30.4%	36.6%	38.9%	47.0%	44.9%	48.6%	38.6%	34.6%	33.0%	33.7%	33.7%	35.3%	27.3%
Net margin	2.9%	2.6%	0.0%	2.8%	2.4%	2.3%	2.2%	0.0%	0.0%	0.0%	7.4%	13.6%	20.6%	18.8%	12.0%	8.9%	2.8%	9.1%	15.9%	17.7%	21.4%	19.1%
EBITDA margin	5.7%	5.4%	7.4%	7.6%	8.0%	8.3%	9.3%	10.2%	10.2%	10.8%	13.0%	14.9%	19.5%	20.9%	22.0%	18.0%	14.7%	16.0%	16.0%	18.7%	19.3%	16.2%
Debt / equity	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.05	0.08
Interest coverage	88.48	93.17	111.34	105.66	137.43	163.85	204.29	221.20	242.30	274.54	341.06	474.60	596.59	689.64	777.42	696.83	623.66	264.54	188.24	138.27	52.87	37.96
Asset turnover	0.19	0.21	0.22	0.19	0.23	0.24	0.25	0.27	0.26	0.28	0.30	0.32	0.33	0.37	0.40	0.40	0.41	0.46	0.48	0.47	0.49	0.51

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 12 periods

	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	202	202	202	202	202	202	202	202	202	202	202	202
Other equity / reserves	2,858	3,230	3,656	4,102	4,558	5,213	6,042	7,086	7,738	8,709	9,553	10,257
Total equity	3,059	3,432	3,858	4,304	4,760	5,414	6,243	7,288	7,940	8,910	9,755	10,459
Borrowings	—	—	—	0	0	0	0	0	0	0	440	804
Current liabilities	16,460	20,789	25,184	24,001	24,140	22,384	22,634	20,356	19,823	15,617	15,856	12,122
Non-current liabilities	1,422	917	729	719	563	577	571	620	945	1,425	1,618	2,336
Total assets	20,941	25,139	29,770	29,024	29,463	28,375	29,449	28,265	28,708	25,952	27,458	25,142
Property, plant & equipment	819	743	714	940	1,007	983	820	1,478	1,444	1,424	2,048	1,987
Capital work-in-progress	80	80	87	98	62	72	68	99	133	210	245	323
Investments	484	519	542	570	589	645	679	740	765	833	915	957
Inventories	4,623	5,889	7,700	6,971	7,357	6,081	5,713	4,827	4,537	4,008	2,617	2,906
Receivables	1,433	966	1,005	1,032	1,020	956	1,865	2,141	1,085	1,087	2,624	1,018
Cash & equivalents	483	740	720	1,175	1,868	1,344	3,523	3,457	5,285	4,318	2,731	683

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 7 periods

	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	-96	68	-163	858	684	2,078	-2,891
Cash from investing	454	348	326	508	1,420	-1,299	1,209
Cash from financing	-605	-160	-183	-218	-448	-712	-738
Capex	110	42	32	136	-103	743	64
Free cash flow	-205	26	-195	722	787	1,335	-2,955
Dividends paid	262	155	180	216	448	712	775

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,987 cr8%

CWIP

₹323 cr1%

Investments

₹957 cr4%

Inventories

₹2,906 cr12%

Receivables

₹1,018 cr4%

Cash & equivalents

₹683 cr3%

Other assets

₹17,268 cr69%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Mazagoan Dock Shipbuilders Ltd.	74,222	1,840.00	30.2	7.10	23.5%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-10.9%

6 months-31.4%

1 year-33.7%

3Y CAGR+23.8%

5Y CAGR+64.4%

10Y CAGR—

50-day avg₹2,140.00

200-day avg₹2,367.17

RSI (14)29

Compare Mazagoan Dock Shipbuilders Ltd. with

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FAQs

What is the share price of Mazagoan Dock Shipbuilders Ltd.?

Mazagoan Dock Shipbuilders Ltd. (MAZDOCK) closed at ₹1,840.00 on NSE on 06 Nov 2026.

What is the market cap of Mazagoan Dock Shipbuilders Ltd.?

₹74,222 crore at the latest close.

What is the P/E ratio of Mazagoan Dock Shipbuilders Ltd.?

30.2, on trailing-twelve-month earnings from its filings.

How fast is Mazagoan Dock Shipbuilders Ltd. growing?

Mazagoan Dock Shipbuilders Ltd.: revenue has compounded at 18.4% a year over three years. Latest-quarter revenue is down 16.5% year on year, profit down 53.8%.

How profitable is Mazagoan Dock Shipbuilders Ltd.?

On a trailing-twelve-month basis return on equity is 23.5%, return on capital employed 27.3%, operating margin 16.2%, net margin 19.1%.

How much debt does Mazagoan Dock Shipbuilders Ltd. have?

Mazagoan Dock Shipbuilders Ltd. is lightly geared: debt to equity is 0.08 with borrowings of ₹804 cr against cash of ₹683 cr (balance sheet of 2026-09-30). Operating profit covers interest 38.0 times.

Financials parsed from Mazagoan Dock Shipbuilders Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '20, annual from FY21, balance sheet from Mar '20. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.