Mazagon Dock Shipbuilders Limited

NSEI:MAZDOCK Stock Report

Market Cap: ₹1.1t

Mazagon Dock Shipbuilders Future Growth

Future criteria checks 5/6

Mazagon Dock Shipbuilders is forecast to grow earnings and revenue by 20.4% and 13.2% per annum respectively. EPS is expected to grow by 17.8% per annum. Return on equity is forecast to be 28.2% in 3 years.

Key information

20.4%

Earnings growth rate

17.80%

EPS growth rate

Aerospace & Defense earnings growth18.4%
Revenue growth rate13.2%
Future return on equity28.19%
Analyst coverage

Low

Last updated29 Oct 2025

Recent future growth updates

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

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

Recent updates

Mazagon Dock Shipbuilders (NSE:MAZDOCK) Has Announced A Dividend Of ₹6.00

Oct 30
Mazagon Dock Shipbuilders (NSE:MAZDOCK) Has Announced A Dividend Of ₹6.00

Mazagon Dock Shipbuilders' (NSE:MAZDOCK) Dividend Is Being Reduced To ₹2.71

Sep 01
Mazagon Dock Shipbuilders' (NSE:MAZDOCK) Dividend Is Being Reduced To ₹2.71

Mazagon Dock Shipbuilders Limited's (NSE:MAZDOCK) Shareholders Might Be Looking For Exit

Aug 23
Mazagon Dock Shipbuilders Limited's (NSE:MAZDOCK) Shareholders Might Be Looking For Exit

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
User avatar

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

Earnings and Revenue Growth Forecasts

NSEI:MAZDOCK - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2028163,14739,405-1,50266,3323
3/31/2027154,35433,633-2,65224,9305
3/31/2026132,20728,100-67,707-16,4203
9/30/2025118,72923,340-10,058-7,283N/A
6/30/2025117,00521,696N/AN/AN/A
3/31/2025114,31924,13512,73320,781N/A
12/31/2024113,61127,512N/AN/AN/A
9/30/2024105,80025,709-10,1691,329N/A
6/30/202496,50823,187N/AN/AN/A
3/31/202494,66619,3702,4266,838N/A
12/31/202384,41516,002N/AN/AN/A
9/30/202378,95013,276-4,804-3,427N/A
6/30/202377,69612,086N/AN/AN/A
3/31/202378,27211,19013,74815,156N/A
12/31/202271,4509,519N/AN/AN/A
9/30/202268,8168,129-1,724-1,136N/A
6/30/202267,4947,340N/AN/AN/A
3/31/202257,3336,108-2,038-1,626N/A
12/31/202154,4017,109N/AN/AN/A
9/30/202153,4876,3716141,125N/A
6/30/202148,7816,015N/AN/AN/A
3/31/202140,4785,139261682N/A
12/31/202040,4763,354N/AN/AN/A
9/30/202043,9744,028-6,856-6,055N/A
6/30/202043,2973,972N/AN/AN/A
3/31/202049,0484,705-2,060-955N/A
3/31/201946,1405,325N/A652N/A
3/31/201844,7044,962N/A4,908N/A
3/31/201735,1915,983N/A-10,027N/A
3/31/201641,0695,685N/A2,877N/A
3/31/201536,1895,158N/A20,706N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAZDOCK's forecast earnings growth (20.4% per year) is above the savings rate (6.8%).

Earnings vs Market: MAZDOCK's earnings (20.4% per year) are forecast to grow faster than the Indian market (16.3% per year).

High Growth Earnings: MAZDOCK's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MAZDOCK's revenue (13.2% per year) is forecast to grow faster than the Indian market (10.7% per year).

High Growth Revenue: MAZDOCK's revenue (13.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MAZDOCK's Return on Equity is forecast to be high in 3 years time (28.2%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/03 11:26
End of Day Share Price 2025/11/03 00:00
Earnings2025/09/30
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 7 analysts. 5 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.
null nullAsian Markets Securities Private Limited
Gopika GopanGeojit Financial Services Ltd.