Mazagon Dock Shipbuilders Ltd

AI
Mazagon Dock Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
AI

Mazagon Dock Shipbuilders Ltd

₹ 2,587 0.67%
18 Aug 3:59 p.m.
mazagondock.in BSE: 543237 NSE: MAZDOCK
About

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]

Key Points

Business Segments
a) Shipbuilding: [1] [2]
The company undertakes the construction and repair of naval vessels, including destroyers, stealth frigates, corvettes, patrol vessels, and commercial ships for the Indian Navy, Indian Coast Guard, and commercial customers. In Mar 2026, it signed a contract with the Shipping Corporation of India for a 3,000 DWT Methanol Dual-Fuel-Diesel-Electric Platform Supply Vessel, signalling its re-entry into commercial shipbuilding.
b) Submarine and Heavy Engineering: [3] [4]
The segment covers construction, repair, and refit of diesel-electric submarines, Air-Independent Propulsion (AIP) integration, and offshore heavy engineering for clients such as ONGC.

Website BSE NSE
  • Market Cap ₹ 1,04,668 Cr.
  • Current Price ₹ 2,587
  • High / Low ₹ 3,061 / 2,057
  • Stock P/E 41.4
  • Book Value ₹ 219
  • Dividend Yield 0.70 %
  • ROCE 41.3 %
  • ROE 30.4 %
  • Face Value ₹ 5.00
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 33.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.3%
  • Company has been maintaining a healthy dividend payout of 30.0%

Cons

  • Stock is trading at 11.8 times its book value
  • Earnings include an other income of Rs.1,129 Cr.
  • Debtor days have increased from 59.4 to 72.9 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Manufacturing Ship Building & Allied Services

Part of BSE 500 BSE Capital Goods BSE 200 BSE Dollex 200 BSE PSU

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
2,173 1,828 2,362 3,104 2,357 2,757 3,144 3,174 2,626 2,929 3,601 3,684 2,771
2,001 1,651 1,823 2,580 1,715 2,246 2,327 3,055 2,324 2,235 2,714 3,308 2,338
Operating Profit 172 177 539 524 642 511 817 119 302 695 887 376 433
OPM % 8% 10% 23% 17% 27% 19% 26% 3.8% 11% 24% 25% 10% 16%
233 261 269 376 271 269 291 323 324 276 262 281 310
Interest 1 1 1 1 1 5 5 8 35 8 6 10 36
Depreciation 20 20 20 23 23 23 40 29 23 24 23 23 23
Profit before tax 383 416 786 876 889 751 1,063 406 567 939 1,120 625 684
Tax % 25% 25% 25% 25% 25% 25% 28% 20% 26% 24% 25% 26% 25%
287 313 592 654 666 564 768 327 419 715 837 464 510
EPS in Rs 7.11 7.76 14.66 16.22 16.51 13.97 19.04 8.11 10.39 17.73 20.75 11.50 12.64
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
3,619 4,127 3,530 4,475 4,614 4,905 4,048 5,733 7,827 9,467 11,432 12,840 12,985
3,405 3,910 3,403 4,325 4,353 4,642 3,822 5,291 7,027 8,051 9,339 10,578 10,594
Operating Profit 214 217 126 149 261 263 226 442 801 1,416 2,093 2,262 2,391
OPM % 6% 5% 3.6% 3.3% 6% 5% 6% 8% 10% 15% 18% 18% 18%
563 760 765 612 664 600 474 420 713 1,138 1,159 1,143 1,129
Interest 0 4 4 14 36 36 11 15 9 9 28 61 59
Depreciation 31 44 39 50 64 69 60 75 76 83 115 93 93
Profit before tax 746 929 848 697 825 758 630 773 1,429 2,461 3,109 3,250 3,368
Tax % 34% 39% 37% 37% 37% 46% 24% 24% 25% 25% 25% 25%
492 568 533 440 517 408 480 586 1,073 1,845 2,325 2,436 2,526
EPS in Rs 123.52 142.83 107.13 9.82 11.54 10.13 11.89 14.54 26.59 45.75 57.63 60.38 62.62
Dividend Payout % 20% 18% 37% 56% 19% 53% 30% 30% 30% 30% 30% 30%
Compounded Sales Growth
10 Years: 12%
5 Years: 26%
3 Years: 18%
TTM: 11%
Compounded Profit Growth
10 Years: 16%
5 Years: 33%
3 Years: 31%
TTM: 22%
Stock Price CAGR
10 Years: %
5 Years: 85%
3 Years: 40%
1 Year: -6%
Return on Equity
10 Years: 27%
5 Years: 32%
3 Years: 34%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 199 199 249 224 224 202 202 202 202 202 202 202
Reserves 2,261 2,124 2,360 2,198 2,568 2,380 2,717 3,120 3,976 5,369 6,979 8,641
79 0 0 0 0 0 30 12 6 17 20 0
28,401 16,384 16,363 16,502 17,633 17,883 21,679 25,904 24,709 23,203 20,844 16,803
Total Liabilities 30,940 18,707 18,971 18,925 20,425 20,465 24,628 29,237 28,893 28,791 28,045 25,646
266 368 546 646 810 836 807 965 1,024 838 1,466 1,432
CWIP 40 170 98 85 89 80 80 87 62 72 133 245
Investments 6 6 6 6 6 6 6 6 6 6 6 243
30,629 18,164 18,321 18,187 19,520 19,542 23,735 28,179 27,801 27,875 26,440 23,726
Total Assets 30,940 18,707 18,971 18,925 20,425 20,465 24,628 29,237 28,893 28,791 28,045 25,646

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
288 -1,009 442 65 -96 68 -163 1,516 684 2,102 -2,761
516 494 392 417 454 348 326 -150 3,115 -1,299 975
-120 -240 -603 -126 -605 -160 -183 -218 -448 -736 -834
Net Cash Flow 683 -755 231 356 -246 257 -19 1,148 3,350 67 -2,620
Free Cash Flow 123 -1,156 304 -110 -197 26 -200 1,407 347 1,298 -2,930
CFO/OP 275% -524% 501% 146% 43% 99% 32% 228% 96% 145% -79%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 76 81 77 90 117 107 87 64 47 71 34 73
Inventory Days 3,239 586 687 514 541 688 1,142 1,044 605 411 298 129
Days Payable 124 151 153 324 416 704 1,234 836 366 318 240 225
Cash Conversion Cycle 3,190 516 611 280 241 91 -4 272 285 164 92 -24
Working Capital Days -573 -571 -604 -428 -445 -311 -607 -645 -528 -425 -356 -182
ROCE % 38% 35% 28% 33% 30% 28% 25% 38% 51% 49% 41%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Workforce
count

Log in to view insights

Please log in to see hidden values.

Login
Total Order Book Value
INR Cr
Cumulative Submarines Delivered (since 1960)
count
Cumulative Vessels Delivered (since 1960)
count
Cumulative Warships Delivered (since 1960)
count
Order Book - Shipbuilding Segment
INR Cr
Order Book - Submarine & Heavy Engineering Segment
INR Cr

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
84.83% 84.83% 84.83% 84.83% 84.83% 84.83% 84.83% 81.22% 81.22% 81.22% 81.22% 81.22%
3.69% 3.32% 2.38% 2.44% 1.45% 1.55% 2.26% 2.57% 1.97% 1.80% 1.73% 1.72%
0.39% 0.43% 0.66% 0.83% 1.00% 1.46% 1.69% 5.21% 5.65% 5.37% 5.09% 5.02%
11.10% 11.42% 12.12% 11.89% 12.72% 12.16% 11.21% 11.00% 11.15% 11.61% 11.95% 12.04%
No. of Shareholders 3,08,3723,45,3283,86,3304,77,4786,72,4046,89,6056,76,9577,19,7437,41,6807,62,6528,08,4558,05,823

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls