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

As you might know, Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK) recently reported its third-quarter numbers. Results look mixed - while revenue fell marginally short of analyst estimates at ₹31b, statutory earnings were in line with expectations, at ₹48.02 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

See our latest analysis for Mazagon Dock Shipbuilders

After the latest results, the three analysts covering Mazagon Dock Shipbuilders are now predicting revenues of ₹168.1b in 2026. If met, this would reflect a sizeable 48% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 21% to ₹82.77. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹167.0b and earnings per share (EPS) of ₹81.23 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of ₹1,867, suggesting that the company has met expectations in its recent result. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Mazagon Dock Shipbuilders, with the most bullish analyst valuing it at ₹2,757 and the most bearish at ₹583 per share. With such a wide range in price targets, analysts are almost certainly betting on widely divergent outcomes in the underlying business. With this in mind, we wouldn't rely too heavily the consensus price target, as it is just an average and analysts clearly have some deeply divergent views on the business.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Mazagon Dock Shipbuilders' rate of growth is expected to accelerate meaningfully, with the forecast 37% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 21% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 15% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Mazagon Dock Shipbuilders to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Mazagon Dock Shipbuilders analysts - going out to 2027, and you can see them free on our platform here.

We don't want to rain on the parade too much, but we did also find 2 warning signs for Mazagon Dock Shipbuilders (1 shouldn't be ignored!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.