Mazagon Dock

Why is Mazagon Dock Shipbuilders Ltd falling/rising?

As of 05-Aug, Mazagon Dock Shipbuilders Ltd's stock price is 2,370.30, down 0.47% and has fallen for three consecutive days. The stock has underperformed significantly over the past month and year, despite strong long-term fundamentals, due to high valuation and reduced investor interest.

As of 05-Aug, Mazagon Dock Shipbuilders Ltd's stock price is falling, currently at 2,370.30, reflecting a decrease of 11.2 points or 0.47%. The stock has been on a downward trend, having fallen consecutively for the last three days, with a total decline of 0.5% during this period. Additionally, the stock has underperformed its sector by 0.45% today.<BR><BR>The recent performance metrics indicate a concerning trend, as the stock has experienced a significant decline of 6.79% over the past month and 16.80% over the past year, while the broader market, represented by the Sensex, has shown positive returns in these periods. This underperformance is compounded by flat results reported for the quarter ending June 26, where profit before tax (PBT) fell by 34.4% and profit after tax (PAT) fell by 20.4% compared to the previous four-quarter average.<BR><BR>Investor participation has also decreased, with delivery volume dropping by 28.56% against the five-day average, indicating reduced interest in trading the stock. Although the company boasts strong long-term fundamentals, including a net-debt-free status and a healthy return on equity (ROE) of 25.87%, the stock's high valuation, trading at a premium compared to its peers, and its significant underperformance relative to the market have contributed to the current decline in stock price.

Which are the latest news on Mazagon Dock?

Are Mazagon Dock Shipbuilders Ltd latest results good or bad?

Mazagon Dock Shipbuilders Ltd's latest results show mixed performance, with a 19.11% decline in net profit quarter-on-quarter but a 21.51% increase year-on-year. While year-on-year growth is positive, concerns arise from sequential declines, reliance on non-operating income, and rising costs, suggesting potential challenges ahead.

Mazagon Dock Shipbuilders Ltd's latest results present a mixed picture. For Q1 FY27, the company reported a consolidated net profit of ₹549.41 crore, which is a 19.11% decline compared to the previous quarter but shows a 21.51% increase year-on-year. Similarly, net sales dropped significantly by 23.57% quarter-on-quarter to ₹2,942.70 crore, although this represents a 12.08% increase compared to the same quarter last year.<BR><BR>While the year-on-year growth in profit and sales is encouraging, the sequential declines raise concerns about the company's execution momentum and operational challenges. The operating margin improved to 15.18%, up from 14.10% in the previous quarter, but remains well below the 24.63% achieved in December 2025.<BR><BR>A significant concern is the company's reliance on other income, which constituted 45.62% of profit before tax, indicating that core operational profitability may be under pressure. Additionally, rising employee costs and a dramatic increase in interest expenses suggest increasing financial strain.<BR><BR>Overall, while there are positive year-on-year trends, the sequential declines and reliance on non-operating income highlight potential issues that could affect future performance. Investors should be cautious and monitor upcoming quarters for signs of stabilization in operational metrics.

Should I buy, sell or hold Mazagon Dock Shipbuilders Ltd?

What does Mazagon Dock do?

Mazagon Dock Shipbuilders Ltd is a prominent Indian shipyard specializing in the construction and repair of ships and submarines, primarily for the Aerospace & Defense sector. As of March 2026, it reported net sales of ₹3,850 Cr and a net profit of ₹679 Cr, with a market cap of ₹97,662 Cr.

Overview:<BR>Mazagon Dock Shipbuilders Ltd is a leading shipyard in India, primarily engaged in the building and repairing of ships, submarines, and various types of vessels within the Aerospace & Defense industry, categorized as a Large Cap company.<BR><BR>History:<BR>Mazagon Dock Shipbuilders Ltd was incorporated as a Private Limited Company on February 26, 1934, in Mumbai. It was formerly known as Mazagon Dock Limited. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 3,850 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 679 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 97,662 Cr (Large Cap)<BR><BR>Key Metrics:<BR>P/E: 35.00 <BR>Industry P/E: 39 <BR>Dividend Yield: 0.67% <BR>Debt Equity: -1.30 <BR>Return on Equity: 28.30% <BR>Price to Book: 10.07 <BR><BR>Contact Details:<BR>Details: No Company Details Available <BR>Registrar Address: Not available.

How big is Mazagon Dock?

As of 10th June, Mazagon Dock Shipbuilders Ltd has a market capitalization of 97,662.00 Cr, with recent Net Sales of 13,006.31 Cr and a Net Profit of 2,760.59 Cr. Shareholder's Funds are 7,939.88 Cr and Total Assets are valued at 28,029.45 Cr.

As of 10th June, Mazagon Dock Shipbuilders Ltd has a market capitalization of 97,662.00 Cr, which classifies it as a Large Cap company.<BR><BR>For the latest four quarters, the company reported Net Sales of 13,006.31 Cr and a Net Profit of 2,760.59 Cr.<BR><BR>As of March 2025, the Shareholder's Funds amounted to 7,939.88 Cr, while the Total Assets were valued at 28,029.45 Cr.

Who are in the management team of Mazagon Dock?

The management team of Mazagon Dock includes Vice Admiral Narayan Prasad (Chairman & Managing Director), Sanjeev Singhal (CMD & Director of Finance), and several directors overseeing various functions, along with non-official directors and the Company Secretary. They are responsible for the company's operations and strategic direction.

The management team of Mazagon Dock includes the following key members:<BR><BR>1. **Vice Admiral Narayan Prasad** - Chairman & Managing Director<BR>2. **Jasbir Singh** - Director<BR>3. **Sanjeev Singhal** - CMD & Director (Finance)<BR>4. **Biju George** - Director (Ship Building)<BR>5. **Mallikarjunarao Bhyrisetty** - Non Official Director<BR>6. **Neeru Singh Jagjeet Kaur** - Non Official Director<BR>7. **Shambhuprasad B Tundiya** - Non Official Director<BR>8. **Cdr. Vasudev Ranganath Puranik** - Director (Corporate Planning)<BR>9. **Madhavi Kulkarni** - Company Secretary & Compliance Officer<BR><BR>This team plays a crucial role in overseeing the operations and strategic direction of the company.

Who are the peers of the Mazagon Dock?

Mazagon Dock's peers include Bharat Electron, Hind.Aeronautics, Bharat Dynamics, Cochin Shipyard, and others. In terms of management risk, growth, and capital structure, Bharat Electron and Hind.Aeronautics show excellent ratings, while MTAR Technologie has the highest 1-year return at 286.88%, and Bharat Dynamics has the lowest at -37.76%.

Peers: The peers of Mazagon Dock are Bharat Electron, Hind.Aeronautics, Bharat Dynamics, Cochin Shipyard, Garden Reach Sh., Data Pattern, MTAR Technologie, Zen Technologies, Apollo Micro Sys, and Astra Microwave.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bharat Electron, Hind.Aeronautics, Mazagon Dock, and Garden Reach Sh., while Good management risk is found at Bharat Dynamics, Cochin Shipyard, Data Pattern, Zen Technologies, and Astra Microwave. Average management risk is present at MTAR Technologie and Apollo Micro Sys. In terms of Growth, Excellent growth is noted at Bharat Electron, Hind.Aeronautics, Garden Reach Sh., and Zen Technologies, while Good growth is seen at Data Pattern and Astra Microwave. Below Average growth is reported for Bharat Dynamics and Cochin Shipyard, and Average growth is noted at MTAR Technologie and Apollo Micro Sys. Capital Structure ratings are Excellent for Bharat Electron, Hind.Aeronautics, Mazagon Dock, Bharat Dynamics, Cochin Shipyard, and Garden Reach Sh., while Good is seen at MTAR Technologie and Average at Apollo Micro Sys.<BR><BR>Return Snapshot: The peer with the highest 1-year return is MTAR Technologie at 286.88%, while the lowest is Bharat Dynamics at -37.76%. Mazagon Dock's own 1-year return is -28.58%, which is higher than Bharat Dynamics but lower than MTAR Technologie. Additionally, the six-month return is negative for Hind.Aeronautics, Bharat Dynamics, Cochin Shipyard, and Mazagon Dock.

When is the next results date for Mazagon Dock Shipbuilders Ltd?

The next results date for Mazagon Dock Shipbuilders Ltd is April 30, 2026.

The next results date for Mazagon Dock Shipbuilders Ltd is scheduled for April 30, 2026.

Is Mazagon Dock technically bullish or bearish?

As of December 2, 2025, Mazagon Dock's technical trend has shifted to a bearish stance with moderate strength, driven by bearish MACD and moving averages, despite some divergence indicated by the monthly outlook.

As of 2 December 2025, the technical trend for Mazagon Dock has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly timeframe, bearish moving averages on the daily timeframe, and a mildly bearish KST on the weekly. The Bollinger Bands indicate a bearish trend on the weekly, while the monthly shows a mildly bullish stance, suggesting some divergence. Overall, the combination of these indicators points to a bearish outlook in the near term.

How has been the historical performance of Mazagon Dock?

Mazagon Dock has demonstrated significant growth in financial performance, with net sales rising from 4,917.92 crore in March 2020 to 11,431.88 crore in March 2025, alongside increased profits and improved operational efficiency, culminating in a profit after tax of 2,277.34 crore and a strong PAT margin of 19.92%. The company's total assets were reported at 28,029.45 crore, with a positive cash flow from operating activities of 2,078 crore.

Answer:<BR>The historical performance of Mazagon Dock shows significant growth in net sales and profits over the past few years, culminating in a net sales figure of 11,431.88 crore for the year ending March 2025, up from 9,466.58 crore in March 2024 and 7,827.18 crore in March 2023. The total operating income has followed a similar upward trend, reaching 11,431.88 crore in March 2025. Operating profit (PBDIT) also increased to 3,200.92 crore in March 2025 from 2,513.08 crore in the previous year, indicating improved operational efficiency. Profit before tax rose to 3,061.66 crore, while profit after tax reached 2,277.34 crore, reflecting a strong PAT margin of 19.92% for March 2025. The company’s total assets were reported at 28,029.45 crore, with total liabilities slightly decreasing to 28,029.45 crore from 28,849.01 crore in March 2024. Cash flow from operating activities improved significantly to 2,078 crore in March 2025, contributing to a net cash inflow of 66 crore.<BR><BR>Breakdown:<BR>Mazagon Dock's financial performance has shown a robust upward trajectory, particularly in net sales, which increased from 4,917.92 crore in March 2020 to 11,431.88 crore in March 2025. This growth is mirrored in total operating income, which reached the same figure as net sales in March 2025. The company has effectively managed its expenditures, resulting in an operating profit (PBDIT) that rose from 817.81 crore in March 2020 to 3,200.92 crore in March 2025. Profit before tax also saw a substantial increase, climbing from 727.48 crore in March 2020 to 3,061.66 crore in March 2025, while profit after tax surged to 2,277.34 crore, showcasing a consistent improvement in profitability. The total assets of Mazagon Dock stood at 28,029.45 crore in March 2025, with total liabilities decreasing slightly, indicating a stable financial position. Cash flow from operating activities has significantly improved, highlighting the company's ability to generate cash effectively, culminating in a positive net cash inflow for the year.

Has Mazagon Dock declared dividend?

Mazagon Dock Shipbuilders Ltd has declared a dividend of 120%, amounting to ₹2.7 per share, with an ex-date of November 4, 2025. The company has demonstrated strong total returns across various periods, particularly over the long term.

Mazagon Dock Shipbuilders Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 120%<BR>- Amount per share: 2.7<BR>- Ex-date: 04 Nov 25<BR><BR>Dividend Yield: 0.62%<BR><BR>Total Returns by Period:<BR>In the last 3 months, the price return was 2.0%, the dividend return was 0.31%, resulting in a total return of 2.31%.<BR><BR>Over the past 6 months, the price return was -8.38%, the dividend return was 0.29%, leading to a total return of -8.09%.<BR><BR>In the last year, the price return was 38.28%, the dividend return was 0.58%, culminating in a total return of 38.86%.<BR><BR>For the 2-year period, the price return was 169.97%, the dividend return was 6.22%, resulting in a total return of 176.19%.<BR><BR>In the 3-year span, the price return was 766.01%, the dividend return was 19.52%, leading to a total return of 785.53%.<BR><BR>Over the last 4 years, the price return was 2058.79%, the dividend return was 63.69%, culminating in a total return of 2122.48%.<BR><BR>In the 5-year period, the price return was 3223.21%, the dividend return was 103.60%, resulting in a total return of 3326.81%.<BR><BR>Overall, Mazagon Dock has declared a significant dividend and has shown impressive total returns across all periods, particularly over the longer term, indicating strong performance and shareholder value.

Who are the top shareholders of the Mazagon Dock?

The top shareholder of Mazagon Dock is The President of India, holding 84.83% of the shares. Individual investors own 9.56%, mutual funds hold 1.34%, and foreign institutional investors possess 2.26%.

The top shareholders of Mazagon Dock are primarily the promoters, with The President of India holding the largest stake at 84.83%. There are no pledged promoter holdings, and individual investors collectively hold 9.56% of the shares. Additionally, 28 mutual fund schemes own 1.34%, and 156 foreign institutional investors (FIIs) hold 2.26% of the company's shares. There are no significant public shareholders listed.

Is Mazagon Dock overvalued or undervalued?

As of August 10, 2023, Mazagon Dock Shipbuilders Ltd. is considered overvalued with high valuation ratios (PE of 56.89, Price to Book of 17.29, EV/EBITDA of 58.83) compared to its peers, despite a strong past year return of 114.11%.

As of 10 August 2023, the valuation grade for Mazagon Dock Shipbuilders Ltd. has moved from very attractive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued based on its high valuation ratios. The PE ratio stands at 56.89, the Price to Book Value is 17.29, and the EV to EBITDA ratio is 58.83, all of which are considerably elevated compared to industry norms.<BR><BR>In comparison to its peers, Mazagon Dock's valuation appears excessive, especially when looking at similar companies. For instance, while Mazagon Dock has a PE ratio of 56.89, other peers may have significantly lower ratios, suggesting that investors are paying a premium for its stock. Additionally, despite a strong return of 114.11% over the past year, which outpaces the Sensex's 7.55%, the current high valuation metrics indicate that the stock may not sustain such performance moving forward.