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Mazagon Dock Shipbuilders Limited

Mazagon Dock Shipbuilders Limited

NSE: MAZDOCK
Aerospace & DefenseIndustrialsLARGE CAPMCap ₹84.39k Cr
₹2,092.00₹-13.00 (-0.62%)

Market Closed • NSE

Market cap₹84.39k Cr
Enterprise value₹72.49k Cr
P/E TTM29.53
Forward P/E27.16
P/B8.65
EPS TTM₹70.85
Forward EPS₹77.01
ROCE36.00%
D/E4.48
Dividend yield0.01%
Face value₹5.00
52W high₹2,881.80
52W low₹1,987.70
Price chart(1Y)
1Y Return:-13.20% (₹318.10)
H: ₹2,656.8L: ₹1,987.7
1W+3.21%
1M-5.34%
3M-11.13%
6M-22.34%
1Y-25.77%
Today at a glance

Day range

₹2,088.00₹2,115.50

52 week range

₹1,987.70₹2,881.80
Volume318.3K0.56x 20D avg
Free float50.00%-43.90% volume

Mazagon Dock Shipbuilders Limited closed at INR2092.00 (-0.62%) on volume 0.56x its 20-day average, trading 27.41% below its 52-week high.

Technical analysis
RSI (14)40.0Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹55.22Moderate
SMA 20₹2,121.95BEARISH
SMA 50₹2,339.76BEARISH
SMA 100₹2,382.51BEARISH
SMA 200₹2,413.46BEARISH
CPR bottom₹2,115.90
Pivot₹2,112.27
CPR top₹2,108.63
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -18.4% QoQ

2026-08-20

DIVIDEND Announced

Dividend - Rs 4.62 Per Share

2026-02-13

DIVIDEND Announced

Interim Dividend - Rs 7.50 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹447.4 Cr₹84.39k Cr0.53%≤ 33%PASS
Non-halal income ratio–₹13.01k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹24.73k Cr₹27.46k Cr90.05%≥ 20%PASS
Receivables ratio–₹27.46k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E29.5328.10
Forward P/E27.16—
P/B8.653.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield3.403.60
Growth & profitability
RevenuePAT
FY24PAT margin 20.50%
FY25PAT margin 21.10%
FY26PAT margin 19.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+4.40%
Revenue CAGR 5Y+7.50%
PAT CAGR 3Y+2.30%
PAT CAGR 5Y+5.90%
Operating margin14.19%
Net margin20.12%
Financial health & cash flow
Net debt–Moderate
Interest coverage30.30xEBIT / interest
CFO / PAT-0.45x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-289073.0 Lakh
Capital expenditure–
Free cash flow₹-306691.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall58/100
Valuation60/100
Profitability80/100
Financial health35/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 36.0%

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 4.48x

Bull case

Market Leadership: Established operational scale in Aerospace & Defense.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2024

Ownership distribution

Dec 2024Latest holding

Category trends

Hover over a period for exact holdings

90%60%30%0%Sept 2024Dec 2024
6.82%Institutional holding
11.95%Public holding
2Periods available
0.00%Promoter pledged
8.08LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
20 Aug 2026Dividend₹4.62 / share—20 Aug 2026
13 Feb 2026Dividend₹7.50 / share—13 Feb 2026
04 Nov 2025Dividend₹6.00 / share—04 Nov 2025
19 Sept 2025Dividend₹2.71 / share—19 Sept 2025
16 Apr 2025Dividend₹3.00 / share—16 Apr 2025
27 Dec 2024Dividend₹10.00 / share—27 Dec 2024
30 Oct 2024Dividend₹23.19 / share—30 Oct 2024
—Dividend₹12.11 / share—19 Sept 2024
20 Nov 2023Dividend₹15.34 / share—20 Nov 2023
—Dividend₹6.86 / share—20 Sept 2023
22 Nov 2022Dividend₹9.10 / share—21 Nov 2022
—Dividend₹1.63 / share—19 Sept 2022
07 Jan 2022Dividend₹7.10 / share—06 Jan 2022
—Dividend₹1.83 / share—20 Sept 2021
23 Feb 2021Dividend₹5.41 / share—22 Feb 2021
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)34.62%-0.92% latest vs average
Highest delivery45.11%on 08 Oct
Average volume (20D)567.0KTrading-session average
Conviction trendWeakening-0.92% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Mazagon Dock Shipbuilders Limited
Mazagon Dock Shipbuilders Limited

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]

IndiaIndustrials

Questions investors ask
Is Mazagon Dock Shipbuilders Limited Shariah compliant?

Mazagon Dock Shipbuilders Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.53%) complies with AAOIFI threshold (≤ 33%).

What is Mazagon Dock Shipbuilders Limited's current valuation relative to peers?

Mazagon Dock Shipbuilders Limited trades at a P/E of 29.5x compared to the sector median of 28.1x, and a Price-to-Book of 8.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 4.48x. Interest coverage is 30.3x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 7.5% while net profit growth averaged 5.9%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.