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Mazagon Dock Shipbuilders Limited

NSEI:MAZDOCK Stock Report

Market Cap: ₹1.3t

Mazagon Dock Shipbuilders (MAZDOCK) Stock Overview

Engages in building and repairing of ships, submarines, vessels, and related engineering products in India and internationally. More details

MAZDOCK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends3/6

Rewards

Price-To-Earnings ratio (55.1x) is below the Aerospace & Defense industry average (76.4x)

Earnings are forecast to grow 17.06% per year

Earnings have grown 40.6% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 1.23% is not well covered by free cash flows


MAZDOCK Community Fair Values

Create Narrative

See what 49 others think this stock is worth. Follow their fair value or set your own to get alerts.

MAZDOCK logo
Mazagon Dock Shipbuilders
AN
AnalystHighTarget
Consensus Narrative from 3 Analysts

Rising Geopolitical Tensions Will Drive Advanced Naval Orders

Key Takeaways Massive long-term defense contracts, tech-driven shipyard upgrades, and self-reliance policies position Mazagon Dock for structurally higher growth and resilient margins above industry peers. Rising capacity, export partnerships, and expansion into new segments provide diversified and recurring revenue streams with significant untapped global opportunity.
View narrative
₹3.86k
FV
14.6% undervalued intrinsic discount
21.38%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
7 days ago author updated this narrative
MAZDOCK logo
Mazagon Dock Shipbuilders
AN
AnalystConsensusTarget
Consensus Narrative from 3 Analysts

Profit Margins Expected To Decline, Yet New Defense Orders May Improve Outlook

Key Takeaways Declining profit margins from shifting to lower-margin orders and potential revenue delays create risks for future profitability. Ambitious capital expenditures and indigenization efforts could strain finances if increased revenues do not offset costs timely.
View narrative
₹2.46k
FV
34.0% overvalued intrinsic discount
23.34%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
34users have followed this narrative
about 1 month ago author updated this narrative
MAZDOCK logo
Mazagon Dock Shipbuilders
AN
AnalystLowTarget
Consensus Narrative from 3 Analysts

Margins Will Compress Amid Cost Pressures Yet Capacity May Expand

Key Takeaways Earnings growth and margins face pressure from slow order book conversion, reliance on fixed-price contracts, and normalization away from recent windfall profits. High dependence on Indian defense procurement and limited export diversification heighten vulnerability to policy changes, cost inflation, and shifting competitive and technological dynamics.
View narrative
₹2.32k
FV
42.1% overvalued intrinsic discount
18.66%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
7 days ago author updated this narrative
View Mazagon Dock Shipbuilders Community

Mazagon Dock Shipbuilders Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Mazagon Dock Shipbuilders
Historical stock prices
Current Share Price₹3,294.30
52 Week High₹3,775.00
52 Week Low₹1,918.05
Beta0.69
1 Month Change-2.22%
3 Month Change38.93%
1 Year Change22.96%
3 Year Change2,429.21%
5 Year Changen/a
Change since IPO3,731.70%

Recent News & Updates

Why The 22% Return On Capital At Mazagon Dock Shipbuilders (NSE:MAZDOCK) Should Have Your Attention

Jun 30
Why The 22% Return On Capital At Mazagon Dock Shipbuilders (NSE:MAZDOCK) Should Have Your Attention

Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) Fell Short of Analyst Expectations: Here's What You Need To Know

Jun 03
Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) Fell Short of Analyst Expectations: Here's What You Need To Know

Recent updates

Why The 22% Return On Capital At Mazagon Dock Shipbuilders (NSE:MAZDOCK) Should Have Your Attention

Jun 30
Why The 22% Return On Capital At Mazagon Dock Shipbuilders (NSE:MAZDOCK) Should Have Your Attention

Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) Fell Short of Analyst Expectations: Here's What You Need To Know

Jun 03
Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) Fell Short of Analyst Expectations: Here's What You Need To Know

Earnings Not Telling The Story For Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) After Shares Rise 27%

May 15
Earnings Not Telling The Story For Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) After Shares Rise 27%

Should You Be Adding Mazagon Dock Shipbuilders (NSE:MAZDOCK) To Your Watchlist Today?

May 12
Should You Be Adding Mazagon Dock Shipbuilders (NSE:MAZDOCK) To Your Watchlist Today?

Mazagon Dock Shipbuilders Limited's (NSE:MAZDOCK) 26% Share Price Surge Not Quite Adding Up

Mar 20
Mazagon Dock Shipbuilders Limited's (NSE:MAZDOCK) 26% Share Price Surge Not Quite Adding Up

Mazagon Dock Shipbuilders (NSE:MAZDOCK) Has A Pretty Healthy Balance Sheet

Mar 05
Mazagon Dock Shipbuilders (NSE:MAZDOCK) Has A Pretty Healthy Balance Sheet

Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

Feb 12
Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
author-image

Profit Margins Expected To Decline, Yet New Defense Orders May Improve Outlook

Declining profit margins from shifting to lower-margin orders and potential revenue delays create risks for future profitability.

Should You Be Adding Mazagon Dock Shipbuilders (NSE:MAZDOCK) To Your Watchlist Today?

Feb 09
Should You Be Adding Mazagon Dock Shipbuilders (NSE:MAZDOCK) To Your Watchlist Today?

Returns On Capital Are A Standout For Mazagon Dock Shipbuilders (NSE:MAZDOCK)

Jan 13
Returns On Capital Are A Standout For Mazagon Dock Shipbuilders (NSE:MAZDOCK)

Earnings Not Telling The Story For Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) After Shares Rise 28%

Dec 17
Earnings Not Telling The Story For Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) After Shares Rise 28%

Analysts Just Made A Major Revision To Their Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) Revenue Forecasts

Nov 29
Analysts Just Made A Major Revision To Their Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) Revenue Forecasts

Mazagon Dock Shipbuilders Limited Just Beat Revenue By 31%: Here's What Analysts Think Will Happen Next

Nov 08
Mazagon Dock Shipbuilders Limited Just Beat Revenue By 31%: Here's What Analysts Think Will Happen Next

Do Mazagon Dock Shipbuilders' (NSE:MAZDOCK) Earnings Warrant Your Attention?

Oct 25
Do Mazagon Dock Shipbuilders' (NSE:MAZDOCK) Earnings Warrant Your Attention?

It Looks Like Shareholders Would Probably Approve Mazagon Dock Shipbuilders Limited's (NSE:MAZDOCK) CEO Compensation Package

Sep 20
It Looks Like Shareholders Would Probably Approve Mazagon Dock Shipbuilders Limited's (NSE:MAZDOCK) CEO Compensation Package

Mazagon Dock Shipbuilders (NSE:MAZDOCK) Will Pay A Dividend Of ₹12.11

Sep 08
Mazagon Dock Shipbuilders (NSE:MAZDOCK) Will Pay A Dividend Of ₹12.11

Earnings Not Telling The Story For Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) After Shares Rise 25%

Jul 31
Earnings Not Telling The Story For Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) After Shares Rise 25%

Shareholder Returns

MAZDOCKIN Aerospace & DefenseIN Market
7D0.5%0.2%0.06%
1Y23.0%9.3%-1.2%

Return vs Industry: MAZDOCK exceeded the Indian Aerospace & Defense industry which returned 9.3% over the past year.

Return vs Market: MAZDOCK exceeded the Indian Market which returned -1.2% over the past year.

Price Volatility

Is MAZDOCK's price volatile compared to industry and market?
MAZDOCK volatility
MAZDOCK Average Weekly Movement7.0%
Aerospace & Defense Industry Average Movement8.1%
Market Average Movement5.8%
10% most volatile stocks in IN Market8.5%
10% least volatile stocks in IN Market3.9%

Stable Share Price: MAZDOCK has not had significant price volatility in the past 3 months compared to the Indian market.

Volatility Over Time: MAZDOCK's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
17742,814Jagmohan -mazagondock.in

Mazagon Dock Shipbuilders Limited engages in building and repairing of ships, submarines, vessels, and related engineering products in India and internationally. It operates in two segments, Shipbuilding and Submarine. The company offers naval platforms, such as destroyers, conventional submarines, frigates, corvettes, missile boats, offshore patrol vessels, and floating border outposts.

Mazagon Dock Shipbuilders Limited Fundamentals Summary

How do Mazagon Dock Shipbuilders's earnings and revenue compare to its market cap?
MAZDOCK fundamental statistics
Market cap₹1.33t
Earnings (TTM)₹24.14b
Revenue (TTM)₹114.32b
55.1x
P/E Ratio
11.6x
P/S Ratio

Is MAZDOCK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MAZDOCK income statement (TTM)
Revenue₹114.32b
Cost of Revenue₹70.23b
Gross Profit₹44.09b
Other Expenses₹19.95b
Earnings₹24.14b

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)59.83
Gross Margin38.57%
Net Profit Margin21.11%
Debt/Equity Ratio0%

How did MAZDOCK perform over the long term?

See historical performance and comparison

Dividends

1.2%
Current Dividend Yield
68%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/09 02:11
End of Day Share Price 2025/07/09 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mazagon Dock Shipbuilders Limited is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAntique Stockbroking Ltd.
Arun KailasanGeojit Financial Services Ltd.
Chirag ShahICICIdirect.com