Mazagon Dock Shipbuil Ltd
NSE: MAZDOCK · Industrial Manufacturing · sector
₹1,875.00NSE close 2026-10-26
Key numbers
Market cap₹75,634 cr
Price₹1,875.00
52w high / low₹2,882 / ₹1,875
P/E26.5xSector median 30.3x
P/B7.8xSector median 3.0x
Book value₹241.8
Dividend yield1.02%Sector median 0.65%
ROE32.3%Sector median 10.1%
ROCE35.3%Sector median 11.7%
OPM19.3%Sector median 11.2%
Debt / equity0.05xSector median 0.26x
EV/EBITDA24.5xSector median 23.2x
Interest cover52.9x
Current ratio1.40x
Sales growth 3y+18.4%Sector median +18.4%
Profit growth 3y+32.2%Sector median +32.6%
PEG0.83x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 8 companies in Industrial Manufacturing (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹13,096 cr vs borrowings ₹440 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 52.9x in the last 12 months.
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 40% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,875.00 on 2026-10-26: -34.9% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹3,623.10 · low ₹1,875.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,757 | 3,144 | 3,174 | 2,626 | 2,929 | 3,601 | 3,850 | 2,943 |
| EBITDA | 511 | 817 | 90 | 302 | 695 | 887 | 543 | 447 |
| OPM % | 18.5% | 26.0% | 2.8% | 11.5% | 23.7% | 24.6% | 14.1% | 15.2% |
| Other income | 254 | 286 | 310 | 289 | 271 | 262 | 283 | 313 |
| Net profit | 585 | 807 | 325 | 452 | 749 | 880 | 679 | 549 |
| EPS (₹) | 14.51 | 20.01 | 8.06 | 11.21 | 18.58 | 21.81 | 16.84 | 13.62 |
| Revenue YoY | +6.3% | +14.6% | +21.3% | +12.1% | ||||
| Profit YoY | +28.1% | +9.0% | +108.8% | +21.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 5,733 | 7,827 | 9,467 | 11,432 | 13,006 | 13,323 |
| EBITDA | 421 | 798 | 1,412 | 2,060 | 2,266 | 2,571 |
| Net profit | 611 | 1,119 | 1,937 | 2,414 | 2,583 | 2,858 |
| EPS (₹) | 15.14 | 27.74 | 48.02 | 59.83 | 64.04 | 70.85 |
| Revenue growth | +36.5% | +20.9% | +20.8% | +13.8% | +13.9% | |
| Profit growth | +83.2% | +73.1% | +24.6% | +7.0% | +31.7% | |
| Dividend / share (₹) | 8.93 | 10.73 | 22.20 | 35.30 | 19.21 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +18.4% | +26.3% | +13.9% |
| Net profit | +32.2% | +38.1% | +31.7% |
| EPS | +32.2% | +38.1% | – |
| Share price | – | -7.5% (2y) | -29.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 4,760 | 6,243 | 7,940 | 9,755 |
| Borrowings | – | 0 | 0 | 0 | 440 |
| Cash & equivalents | – | 13,286 | 14,210 | 16,150 | 13,096 |
| Total assets | – | 29,463 | 29,449 | 28,708 | 27,458 |
| Fixed assets | – | 1,007 | 820 | 1,444 | 2,048 |
| Capital work in progress | – | 62 | 68 | 133 | 245 |
| Investments | – | 589 | 679 | 765 | 915 |
| Receivables | – | 1,002 | 1,847 | 1,067 | 2,606 |
| Inventory | – | 7,357 | 5,713 | 4,537 | 2,617 |
| Payables | – | 4,463 | 4,466 | 3,738 | 4,513 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -163 | 858 | 684 | 2,078 | -2,891 |
| Cash from investing | 326 | 508 | 1,420 | -1,299 | 1,209 |
| Cash from financing | -183 | -218 | -448 | -712 | -738 |
| Capex | 32 | 136 | 103 | 743 | 64 |
| Free cash flow | -195 | 722 | 581 | 1,335 | -2,955 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 23.5% | 31.0% | 30.4% | 26.5% |
| ROCE % | – | 29.6% | 38.9% | 38.6% | 32.5% |
| Debtor days | – | 47 | 71 | 34 | 73 |
| Inventory days | – | 604 | 410 | 291 | 130 |
| Payable days | – | 366 | 321 | 240 | 224 |
| Cash conversion cycle (days) | – | 285 | 160 | 85 | -21 |
| Working capital days | – | 91 | 122 | 156 | 180 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 81.22% |
| FIIs | 1.73% |
| DIIs | 5.09% |
| of which Mutual funds | 1.47% |
| of which Insurance | 3.57% |
| Public (non-institutions) | 11.96% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 84.83% | 84.83% | 81.22% | 81.22% | 81.22% | 81.22% | 81.22% | 81.22% |
| Promoter group | % |
|---|---|
| The President of India | 81.22% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India | 3.31% |
7,97,262 shareholders. Pledged: – of promoter shares.
Peers in Industrial Manufacturing
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MAZDOCK | ₹75,634 cr | 26.5x | 7.8x | 32.3% | 35.3% | 19.3% | +18.4% | 1.02% |
| COCHINSHIP | ₹29,831 cr | 43.9x | 5.1x | 11.9% | 15.2% | 15.1% | +28.5% | 0.86% |
| SWANDEF | ₹14,207 cr | 34.2x | 6.3x | 27.9% | -5.0% | -90.3% | – | – |
| TITAGARH | ₹8,746 cr | 45.8x | 3.6x | 7.7% | 12.0% | 11.2% | +18.2% | 0.56% |
| JWL | ₹7,462 cr | 46.4x | 2.5x | 5.8% | 8.1% | 11.2% | +12.1% | 0.56% |
| TEXRAIL | ₹4,022 cr | 18.5x | 1.7x | 8.3% | 11.5% | 8.8% | +25.0% | 0.74% |
| ORIRAIL | ₹762 cr | 14.7x | 1.7x | 12.3% | 12.6% | 15.5% | +62.1% | 0.09% |
| HRYNSHP | ₹56 cr | 2.4x | 0.4x | 2.8% | 0.5% | -351.7% | -59.9% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-20 | Dividend | Dividend - Rs 4.62 Per Share |
| 2026-02-13 | Dividend | Interim Dividend - Rs 7.50 Per Share |
| 2025-11-04 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2025-09-19 | Dividend | Dividend - Rs 2.71 Per Share |
| 2025-04-16 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2024-12-27 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share |
| 2024-10-30 | Dividend | Interim Dividend - Rs 23.19 Per Share |
| 2024-09-19 | Dividend | Annual General Meeting/Dividend - Rs 12.11 Per Share |
| 2023-11-20 | Dividend | Interim Dividend - Rs 15.34 Per Share |
| 2023-09-20 | Dividend | Annual General Meeting/Dividend - Rs 6.86 Per Share |
| 2022-11-21 | Dividend | Interim Dividend - Rs 9.10 Per Share |
| 2022-09-19 | Dividend | Annual General Meeting/Dividend - Rs 1.63 Per Share |
| 2022-01-06 | Dividend | Interim Dividend - Rs 7.10 Per Share |
| 2021-09-20 | Dividend | Annual General Meeting/Dividend - Rs 1.83 Per Share |
| 2021-02-22 | Dividend | Interim Dividend - Rs 5.41 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing/building/ fabrication: Manufacturing/ building/ fabrication of Submarine & Ships
- Repair activity: Medium Refit & Life Certification of Submarines & Ships
| Sector | Industrials |
| Industry | Industrial Manufacturing |
| Sub-industry | Ship Building & Allied Services |
| Symbol | MAZDOCK |
| BSE code | 543237 |
| ISIN | INE249Z01020 |
| Face value | ₹5.0 |
| Incorporated | 1934-02-26 |
| Website | https://mazagondock.in |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.