Share Price and Basic Stock Data
Last Updated: December 20, 2025, 4:31 pm
| PEG Ratio | 1.42 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Mazagon Dock Shipbuilders Ltd has carved a niche for itself in the shipbuilding industry, particularly in the domain of naval and commercial vessels. The company reported a revenue of ₹7,827 Cr for FY 2023, which marked a significant jump from ₹5,733 Cr in FY 2022. This upward trajectory continued into FY 2024, with revenues expected to reach ₹9,467 Cr. The quarterly sales figures also reflect this growth, with a notable increase from ₹2,079 Cr in March 2023 to ₹3,104 Cr in March 2024. Such consistent revenue growth indicates a robust demand for Mazagon’s offerings, particularly in a sector that is gaining momentum due to increased defense spending and maritime activities. The steady rise in revenue suggests that the company is effectively capitalizing on its operational capabilities and market opportunities.
Profitability and Efficiency Metrics
Mazagon Dock’s profitability metrics paint a promising picture. The company reported a net profit of ₹1,073 Cr in FY 2023, up from ₹586 Cr in FY 2022, demonstrating strong operational efficiency and cost management. The operating profit margin (OPM) improved significantly, standing at 10% in FY 2023 and projected to rise to 15% in FY 2024. The return on equity (ROE) of 36.5% and return on capital employed (ROCE) at 48.8% further highlight the company’s ability to generate returns efficiently. However, the current price-to-earnings (P/E) ratio of 44.9 appears stretched compared to industry norms, which may raise concerns among investors about valuation levels. The interest coverage ratio is impressive at 723.01, indicating that the company is comfortably managing its interest obligations, a strong indicator of financial health.
Balance Sheet Strength and Financial Ratios
The balance sheet of Mazagon Dock showcases a sound financial structure. With total borrowings at a mere ₹20 Cr, the company is not overly reliant on debt, which is a positive sign for risk-averse investors. The reserves have seen a healthy increase, reaching ₹6,979 Cr in FY 2025, compared to ₹3,976 Cr in FY 2023. This growth in reserves enhances the company’s ability to reinvest in operations and weather any economic downturns. The current ratio of 1.25 suggests that Mazagon Dock has sufficient liquidity to cover its short-term liabilities. However, the price-to-book value ratio of 13.43x raises questions regarding market expectations versus underlying asset values. Overall, the financial ratios indicate a strong position, though the high market valuation could make the stock susceptible to corrections if growth doesn’t meet investor expectations.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Mazagon Dock reflects a stable ownership structure, with promoters holding 81.22% of the shares. This significant stake indicates strong control and commitment from the management, which can be a reassuring factor for retail investors. Institutional investors, including foreign institutional investors (FIIs) and domestic institutional investors (DIIs), hold a combined 7.62%, which, while modest, shows some level of institutional confidence in the company. The number of shareholders has steadily increased, reaching 7,41,680, which signifies growing retail interest. However, the gradual decline in FII holdings from 3.29% in December 2022 to 1.97% in March 2025 may raise some eyebrows. This trend could suggest a cautious approach from foreign investors, potentially due to valuation concerns or broader market dynamics.
Outlook, Risks, and Final Insight
Looking ahead, Mazagon Dock appears well-positioned to leverage the increasing demand for naval and commercial vessels, particularly given the government’s push for indigenization in defense manufacturing. However, the company faces risks, including potential delays in project execution and fluctuations in raw material prices, which could impact margins. The current high P/E ratio indicates that the market has high expectations for future growth, and any deviation from these expectations could lead to stock volatility. Investors should remain vigilant about global economic conditions and domestic policies affecting the defense sector. Overall, while the fundamentals are strong, the valuation and external risks necessitate a cautious approach for potential investors considering entering or expanding their positions in Mazagon Dock.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Hariyana Ship Breakers Ltd | 65.4 Cr. | 106 | 149/91.0 | 17.2 | 243 | 0.00 % | 3.20 % | 1.10 % | 10.0 |
| Swan Defence and Heavy Industries Ltd | 6,634 Cr. | 1,259 | 1,323/36.0 | 46.5 | 0.00 % | 5.76 % | 46.3 % | 10.0 | |
| Mazagon Dock Shipbuilders Ltd | 97,142 Cr. | 2,408 | 3,778/1,918 | 43.6 | 200 | 0.72 % | 48.8 % | 36.5 % | 5.00 |
| Cochin Shipyard Ltd | 40,733 Cr. | 1,548 | 2,547/1,180 | 53.7 | 219 | 0.63 % | 20.4 % | 15.8 % | 5.00 |
| Industry Average | 48,169.67 Cr | 1,330.25 | 38.17 | 177.13 | 0.34% | 19.54% | 24.93% | 7.50 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,230 | 1,702 | 1,816 | 2,079 | 2,173 | 1,828 | 2,362 | 3,104 | 2,357 | 2,757 | 3,144 | 3,174 | 2,626 |
| Expenses | 2,057 | 1,585 | 1,520 | 1,868 | 2,001 | 1,651 | 1,823 | 2,580 | 1,715 | 2,246 | 2,327 | 3,084 | 2,324 |
| Operating Profit | 174 | 118 | 296 | 211 | 172 | 177 | 539 | 524 | 642 | 511 | 817 | 90 | 302 |
| OPM % | 8% | 7% | 16% | 10% | 8% | 10% | 23% | 17% | 27% | 19% | 26% | 3% | 11% |
| Other Income | 136 | 169 | 176 | 232 | 233 | 261 | 269 | 376 | 271 | 265 | 286 | 346 | 289 |
| Interest | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 18 | 18 | 18 | 20 | 20 | 20 | 20 | 23 | 23 | 23 | 40 | 29 | 23 |
| Profit before tax | 290 | 267 | 452 | 421 | 383 | 416 | 786 | 876 | 889 | 751 | 1,063 | 406 | 567 |
| Tax % | 25% | 25% | 25% | 24% | 25% | 25% | 25% | 25% | 25% | 25% | 28% | 20% | 26% |
| Net Profit | 217 | 200 | 337 | 318 | 287 | 313 | 592 | 654 | 666 | 564 | 768 | 327 | 419 |
| EPS in Rs | 5.38 | 4.97 | 8.36 | 7.88 | 7.11 | 7.76 | 14.66 | 16.22 | 16.51 | 13.97 | 19.04 | 8.11 | 10.39 |
Last Updated: August 1, 2025, 5:10 pm
Below is a detailed analysis of the quarterly data for Mazagon Dock Shipbuilders Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 2,626.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,174.00 Cr. (Mar 2025) to 2,626.00 Cr., marking a decrease of 548.00 Cr..
- For Expenses, as of Jun 2025, the value is 2,324.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 3,084.00 Cr. (Mar 2025) to 2,324.00 Cr., marking a decrease of 760.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 302.00 Cr.. The value appears strong and on an upward trend. It has increased from 90.00 Cr. (Mar 2025) to 302.00 Cr., marking an increase of 212.00 Cr..
- For OPM %, as of Jun 2025, the value is 11.00%. The value appears strong and on an upward trend. It has increased from 3.00% (Mar 2025) to 11.00%, marking an increase of 8.00%.
- For Other Income, as of Jun 2025, the value is 289.00 Cr.. The value appears to be declining and may need further review. It has decreased from 346.00 Cr. (Mar 2025) to 289.00 Cr., marking a decrease of 57.00 Cr..
- For Interest, as of Jun 2025, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 1.00 Cr..
- For Depreciation, as of Jun 2025, the value is 23.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 29.00 Cr. (Mar 2025) to 23.00 Cr., marking a decrease of 6.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 567.00 Cr.. The value appears strong and on an upward trend. It has increased from 406.00 Cr. (Mar 2025) to 567.00 Cr., marking an increase of 161.00 Cr..
- For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 20.00% (Mar 2025) to 26.00%, marking an increase of 6.00%.
- For Net Profit, as of Jun 2025, the value is 419.00 Cr.. The value appears strong and on an upward trend. It has increased from 327.00 Cr. (Mar 2025) to 419.00 Cr., marking an increase of 92.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 10.39. The value appears strong and on an upward trend. It has increased from 8.11 (Mar 2025) to 10.39, marking an increase of 2.28.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 4:59 am
| Metric | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,331 | 3,619 | 4,127 | 3,530 | 4,475 | 4,614 | 4,905 | 4,048 | 5,733 | 7,827 | 9,467 | 11,432 | 11,873 |
| Expenses | 2,222 | 3,405 | 3,910 | 3,403 | 4,325 | 4,353 | 4,642 | 3,822 | 5,291 | 7,027 | 8,051 | 9,366 | 9,969 |
| Operating Profit | 109 | 214 | 217 | 126 | 149 | 261 | 263 | 226 | 442 | 801 | 1,416 | 2,066 | 1,903 |
| OPM % | 5% | 6% | 5% | 4% | 3% | 6% | 5% | 6% | 8% | 10% | 15% | 18% | 16% |
| Other Income | 547 | 563 | 760 | 765 | 612 | 664 | 600 | 474 | 420 | 713 | 1,138 | 1,169 | 1,232 |
| Interest | 2 | 0 | 4 | 4 | 14 | 36 | 36 | 11 | 15 | 9 | 9 | 10 | 45 |
| Depreciation | 15 | 31 | 44 | 39 | 50 | 64 | 69 | 60 | 75 | 76 | 83 | 115 | 115 |
| Profit before tax | 639 | 746 | 929 | 848 | 697 | 825 | 758 | 630 | 773 | 1,429 | 2,461 | 3,109 | 2,975 |
| Tax % | 35% | 34% | 39% | 37% | 37% | 37% | 46% | 24% | 24% | 25% | 25% | 25% | |
| Net Profit | 413 | 492 | 568 | 533 | 440 | 517 | 408 | 480 | 586 | 1,073 | 1,845 | 2,325 | 2,230 |
| EPS in Rs | 103.70 | 123.52 | 142.83 | 107.13 | 9.82 | 11.54 | 10.13 | 11.89 | 14.54 | 26.59 | 45.75 | 57.63 | 55.27 |
| Dividend Payout % | 24% | 20% | 18% | 37% | 56% | 19% | 53% | 30% | 30% | 30% | 30% | 30% |
YoY Net Profit Growth
| Year | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 15.45% | -6.16% | -17.45% | 17.50% | -21.08% | 17.65% | 22.08% | 83.11% | 71.95% | 26.02% |
| Change in YoY Net Profit Growth (%) | 0.00% | -21.61% | -11.29% | 34.95% | -38.58% | 38.73% | 4.44% | 61.02% | -11.16% | -45.93% |
Mazagon Dock Shipbuilders Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 18% |
| 3 Years: | 26% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 41% |
| 3 Years: | 57% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 140% |
| 1 Year: | 14% |
| Return on Equity | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 31% |
| 3 Years: | 35% |
| Last Year: | 36% |
Last Updated: Unknown
Balance Sheet
Last Updated: December 10, 2025, 3:04 am
| Month | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 199 | 199 | 199 | 249 | 224 | 224 | 202 | 202 | 202 | 202 | 202 | 202 | 202 |
| Reserves | 1,615 | 2,261 | 2,124 | 2,360 | 2,198 | 2,568 | 2,380 | 2,717 | 3,120 | 3,976 | 5,369 | 6,979 | 7,882 |
| Borrowings | 81 | 79 | 0 | 0 | 0 | 0 | 0 | 30 | 12 | 6 | 17 | 20 | 2 |
| Other Liabilities | 23,648 | 28,401 | 16,384 | 16,363 | 16,502 | 17,633 | 17,883 | 21,679 | 25,904 | 24,709 | 23,203 | 20,844 | 17,040 |
| Total Liabilities | 25,544 | 30,940 | 18,707 | 18,971 | 18,925 | 20,425 | 20,465 | 24,628 | 29,237 | 28,893 | 28,791 | 28,045 | 25,125 |
| Fixed Assets | 126 | 266 | 368 | 546 | 646 | 810 | 836 | 807 | 965 | 1,024 | 838 | 1,466 | 1,444 |
| CWIP | 78 | 40 | 170 | 98 | 85 | 89 | 80 | 80 | 87 | 62 | 72 | 133 | 210 |
| Investments | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Other Assets | 25,334 | 30,629 | 18,164 | 18,321 | 18,187 | 19,520 | 19,542 | 23,735 | 28,179 | 27,801 | 27,875 | 26,440 | 23,466 |
| Total Assets | 25,544 | 30,940 | 18,707 | 18,971 | 18,925 | 20,425 | 20,465 | 24,628 | 29,237 | 28,893 | 28,791 | 28,045 | 25,125 |
Below is a detailed analysis of the balance sheet data for Mazagon Dock Shipbuilders Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 202.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 202.00 Cr..
- For Reserves, as of Sep 2025, the value is 7,882.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,979.00 Cr. (Mar 2025) to 7,882.00 Cr., marking an increase of 903.00 Cr..
- For Borrowings, as of Sep 2025, the value is 2.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 20.00 Cr. (Mar 2025) to 2.00 Cr., marking a decrease of 18.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 17,040.00 Cr.. The value appears to be improving (decreasing). It has decreased from 20,844.00 Cr. (Mar 2025) to 17,040.00 Cr., marking a decrease of 3,804.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 25,125.00 Cr.. The value appears to be improving (decreasing). It has decreased from 28,045.00 Cr. (Mar 2025) to 25,125.00 Cr., marking a decrease of 2,920.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 1,444.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,466.00 Cr. (Mar 2025) to 1,444.00 Cr., marking a decrease of 22.00 Cr..
- For CWIP, as of Sep 2025, the value is 210.00 Cr.. The value appears strong and on an upward trend. It has increased from 133.00 Cr. (Mar 2025) to 210.00 Cr., marking an increase of 77.00 Cr..
- For Investments, as of Sep 2025, the value is 6.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 6.00 Cr..
- For Other Assets, as of Sep 2025, the value is 23,466.00 Cr.. The value appears to be declining and may need further review. It has decreased from 26,440.00 Cr. (Mar 2025) to 23,466.00 Cr., marking a decrease of 2,974.00 Cr..
- For Total Assets, as of Sep 2025, the value is 25,125.00 Cr.. The value appears to be declining and may need further review. It has decreased from 28,045.00 Cr. (Mar 2025) to 25,125.00 Cr., marking a decrease of 2,920.00 Cr..
Notably, the Reserves (7,882.00 Cr.) exceed the Borrowings (2.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 28.00 | 135.00 | 217.00 | 126.00 | 149.00 | 261.00 | 263.00 | 196.00 | 430.00 | 795.00 | -16.00 | -18.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 76 | 81 | 77 | 90 | 117 | 107 | 87 | 64 | 47 | 71 | 34 |
| Inventory Days | 5,315 | 3,239 | 586 | 687 | 514 | 541 | 688 | 1,142 | 1,044 | 605 | 411 | 373 |
| Days Payable | 433 | 124 | 151 | 153 | 324 | 416 | 704 | 1,234 | 836 | 366 | 318 | 301 |
| Cash Conversion Cycle | 4,944 | 3,190 | 516 | 611 | 280 | 241 | 91 | -4 | 272 | 285 | 164 | 106 |
| Working Capital Days | -735 | -573 | -571 | -604 | -428 | -445 | -311 | -607 | -645 | -528 | -425 | -356 |
| ROCE % | 37% | 38% | 35% | 28% | 33% | 30% | 28% | 25% | 38% | 51% | 49% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Edelweiss Mid Cap Fund | 196,458 | 0.4 | 52.64 | 108,660 | 2025-12-08 01:10:03 | 80.8% |
| Nippon India Vision Large & Mid Cap Fund | 163,250 | 0.64 | 43.74 | N/A | N/A | N/A |
| ITI Small Cap Fund | 131,402 | 1.25 | 35.21 | 128,350 | 2025-12-14 01:02:29 | 2.38% |
| Nippon India Multi Asset Allocation Fund | 120,000 | 0.33 | 32.16 | N/A | N/A | N/A |
| Invesco India PSU Equity Fund | 85,246 | 1.58 | 22.84 | 49,568 | 2025-12-08 01:10:03 | 71.98% |
| Tata Arbitrage Fund | 79,275 | 0.11 | 21.24 | N/A | N/A | N/A |
| UTI Arbitrage Fund | 72,450 | 0.18 | 19.41 | 74,025 | 2025-12-15 08:02:36 | -2.13% |
| Mirae Asset Arbitrage Fund | 54,950 | 0.39 | 14.72 | 43,575 | 2025-12-15 01:57:06 | 26.1% |
| ITI Mid Cap Fund | 50,606 | 1.04 | 13.56 | 48,231 | 2025-12-14 01:02:29 | 4.92% |
| Edelweiss Flexi Cap Fund | 41,945 | 0.37 | 11.24 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 5.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 59.83 | 96.04 | 55.48 | 30.29 | 25.48 |
| Diluted EPS (Rs.) | 59.83 | 96.04 | 55.48 | 30.29 | 25.48 |
| Cash EPS (Rs.) | 59.31 | 93.81 | 55.61 | 31.61 | 25.44 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 196.83 | 309.56 | 236.01 | 191.27 | 170.15 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 196.83 | 309.56 | 236.01 | 191.27 | 170.15 |
| Revenue From Operations / Share (Rs.) | 283.40 | 469.36 | 388.08 | 284.26 | 200.69 |
| PBDIT / Share (Rs.) | 78.86 | 124.60 | 73.61 | 41.89 | 39.56 |
| PBIT / Share (Rs.) | 76.01 | 120.48 | 69.86 | 38.20 | 36.61 |
| PBT / Share (Rs.) | 75.90 | 120.22 | 69.55 | 37.15 | 29.94 |
| Net Profit / Share (Rs.) | 56.46 | 89.69 | 51.87 | 27.92 | 22.48 |
| NP After MI And SOA / Share (Rs.) | 59.83 | 96.04 | 55.48 | 30.29 | 25.48 |
| PBDIT Margin (%) | 27.82 | 26.54 | 18.96 | 14.73 | 19.71 |
| PBIT Margin (%) | 26.82 | 25.66 | 18.00 | 13.43 | 18.23 |
| PBT Margin (%) | 26.78 | 25.61 | 17.92 | 13.06 | 14.91 |
| Net Profit Margin (%) | 19.92 | 19.10 | 13.36 | 9.82 | 11.20 |
| NP After MI And SOA Margin (%) | 21.11 | 20.46 | 14.29 | 10.65 | 12.69 |
| Return on Networth / Equity (%) | 30.39 | 31.02 | 23.50 | 15.83 | 14.97 |
| Return on Capital Employeed (%) | 34.50 | 35.65 | 26.46 | 16.79 | 16.95 |
| Return On Assets (%) | 8.40 | 6.57 | 3.79 | 2.05 | 2.04 |
| Asset Turnover Ratio (%) | 0.39 | 0.32 | 0.26 | 0.21 | 0.17 |
| Current Ratio (X) | 1.25 | 1.14 | 1.08 | 1.05 | 1.06 |
| Quick Ratio (X) | 1.02 | 0.88 | 0.77 | 0.74 | 0.77 |
| Inventory Turnover Ratio (X) | 2.23 | 1.45 | 0.00 | 0.00 | 0.35 |
| Dividend Payout Ratio (NP) (%) | 29.49 | 23.11 | 19.33 | 29.48 | 30.21 |
| Dividend Payout Ratio (CP) (%) | 28.15 | 22.16 | 18.11 | 26.28 | 27.07 |
| Earning Retention Ratio (%) | 70.51 | 76.89 | 80.67 | 70.52 | 69.79 |
| Cash Earning Retention Ratio (%) | 71.85 | 77.84 | 81.89 | 73.72 | 72.93 |
| Interest Coverage Ratio (X) | 723.01 | 490.84 | 233.07 | 118.01 | 95.45 |
| Interest Coverage Ratio (Post Tax) (X) | 518.58 | 354.30 | 165.22 | 81.60 | 70.33 |
| Enterprise Value (Cr.) | 90477.84 | 23322.86 | 92.69 | -6647.98 | -3739.98 |
| EV / Net Operating Revenue (X) | 7.91 | 2.46 | 0.01 | -1.16 | -0.92 |
| EV / EBITDA (X) | 28.44 | 9.28 | 0.06 | -7.87 | -4.69 |
| MarketCap / Net Operating Revenue (X) | 9.33 | 3.96 | 1.71 | 0.84 | 1.06 |
| Retention Ratios (%) | 70.50 | 76.88 | 80.66 | 70.51 | 69.78 |
| Price / BV (X) | 13.43 | 6.01 | 2.81 | 1.25 | 1.25 |
| Price / Net Operating Revenue (X) | 9.33 | 3.96 | 1.71 | 0.84 | 1.06 |
| EarningsYield | 0.02 | 0.05 | 0.08 | 0.12 | 0.11 |
After reviewing the key financial ratios for Mazagon Dock Shipbuilders Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 5.00. This value is within the healthy range. It has decreased from 10.00 (Mar 24) to 5.00, marking a decrease of 5.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 59.83. This value is within the healthy range. It has decreased from 96.04 (Mar 24) to 59.83, marking a decrease of 36.21.
- For Diluted EPS (Rs.), as of Mar 25, the value is 59.83. This value is within the healthy range. It has decreased from 96.04 (Mar 24) to 59.83, marking a decrease of 36.21.
- For Cash EPS (Rs.), as of Mar 25, the value is 59.31. This value is within the healthy range. It has decreased from 93.81 (Mar 24) to 59.31, marking a decrease of 34.50.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 196.83. It has decreased from 309.56 (Mar 24) to 196.83, marking a decrease of 112.73.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 196.83. It has decreased from 309.56 (Mar 24) to 196.83, marking a decrease of 112.73.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 283.40. It has decreased from 469.36 (Mar 24) to 283.40, marking a decrease of 185.96.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 78.86. This value is within the healthy range. It has decreased from 124.60 (Mar 24) to 78.86, marking a decrease of 45.74.
- For PBIT / Share (Rs.), as of Mar 25, the value is 76.01. This value is within the healthy range. It has decreased from 120.48 (Mar 24) to 76.01, marking a decrease of 44.47.
- For PBT / Share (Rs.), as of Mar 25, the value is 75.90. This value is within the healthy range. It has decreased from 120.22 (Mar 24) to 75.90, marking a decrease of 44.32.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 56.46. This value is within the healthy range. It has decreased from 89.69 (Mar 24) to 56.46, marking a decrease of 33.23.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 59.83. This value is within the healthy range. It has decreased from 96.04 (Mar 24) to 59.83, marking a decrease of 36.21.
- For PBDIT Margin (%), as of Mar 25, the value is 27.82. This value is within the healthy range. It has increased from 26.54 (Mar 24) to 27.82, marking an increase of 1.28.
- For PBIT Margin (%), as of Mar 25, the value is 26.82. This value exceeds the healthy maximum of 20. It has increased from 25.66 (Mar 24) to 26.82, marking an increase of 1.16.
- For PBT Margin (%), as of Mar 25, the value is 26.78. This value is within the healthy range. It has increased from 25.61 (Mar 24) to 26.78, marking an increase of 1.17.
- For Net Profit Margin (%), as of Mar 25, the value is 19.92. This value exceeds the healthy maximum of 10. It has increased from 19.10 (Mar 24) to 19.92, marking an increase of 0.82.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 21.11. This value exceeds the healthy maximum of 20. It has increased from 20.46 (Mar 24) to 21.11, marking an increase of 0.65.
- For Return on Networth / Equity (%), as of Mar 25, the value is 30.39. This value is within the healthy range. It has decreased from 31.02 (Mar 24) to 30.39, marking a decrease of 0.63.
- For Return on Capital Employeed (%), as of Mar 25, the value is 34.50. This value is within the healthy range. It has decreased from 35.65 (Mar 24) to 34.50, marking a decrease of 1.15.
- For Return On Assets (%), as of Mar 25, the value is 8.40. This value is within the healthy range. It has increased from 6.57 (Mar 24) to 8.40, marking an increase of 1.83.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.39. It has increased from 0.32 (Mar 24) to 0.39, marking an increase of 0.07.
- For Current Ratio (X), as of Mar 25, the value is 1.25. This value is below the healthy minimum of 1.5. It has increased from 1.14 (Mar 24) to 1.25, marking an increase of 0.11.
- For Quick Ratio (X), as of Mar 25, the value is 1.02. This value is within the healthy range. It has increased from 0.88 (Mar 24) to 1.02, marking an increase of 0.14.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 2.23. This value is below the healthy minimum of 4. It has increased from 1.45 (Mar 24) to 2.23, marking an increase of 0.78.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 29.49. This value is within the healthy range. It has increased from 23.11 (Mar 24) to 29.49, marking an increase of 6.38.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 28.15. This value is within the healthy range. It has increased from 22.16 (Mar 24) to 28.15, marking an increase of 5.99.
- For Earning Retention Ratio (%), as of Mar 25, the value is 70.51. This value exceeds the healthy maximum of 70. It has decreased from 76.89 (Mar 24) to 70.51, marking a decrease of 6.38.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 71.85. This value exceeds the healthy maximum of 70. It has decreased from 77.84 (Mar 24) to 71.85, marking a decrease of 5.99.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 723.01. This value is within the healthy range. It has increased from 490.84 (Mar 24) to 723.01, marking an increase of 232.17.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 518.58. This value is within the healthy range. It has increased from 354.30 (Mar 24) to 518.58, marking an increase of 164.28.
- For Enterprise Value (Cr.), as of Mar 25, the value is 90,477.84. It has increased from 23,322.86 (Mar 24) to 90,477.84, marking an increase of 67,154.98.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 7.91. This value exceeds the healthy maximum of 3. It has increased from 2.46 (Mar 24) to 7.91, marking an increase of 5.45.
- For EV / EBITDA (X), as of Mar 25, the value is 28.44. This value exceeds the healthy maximum of 15. It has increased from 9.28 (Mar 24) to 28.44, marking an increase of 19.16.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 9.33. This value exceeds the healthy maximum of 3. It has increased from 3.96 (Mar 24) to 9.33, marking an increase of 5.37.
- For Retention Ratios (%), as of Mar 25, the value is 70.50. This value exceeds the healthy maximum of 70. It has decreased from 76.88 (Mar 24) to 70.50, marking a decrease of 6.38.
- For Price / BV (X), as of Mar 25, the value is 13.43. This value exceeds the healthy maximum of 3. It has increased from 6.01 (Mar 24) to 13.43, marking an increase of 7.42.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 9.33. This value exceeds the healthy maximum of 3. It has increased from 3.96 (Mar 24) to 9.33, marking an increase of 5.37.
- For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 24) to 0.02, marking a decrease of 0.03.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mazagon Dock Shipbuilders Ltd:
- Net Profit Margin: 19.92%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 34.5% (Industry Average ROCE: 19.54%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 30.39% (Industry Average ROE: 24.93%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 518.58
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.02
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 43.6 (Industry average Stock P/E: 38.17)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 19.92%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Ship - Docks/Breaking/Repairs | Dockyard Road, Mumbai Maharashtra 400010 | investor@mazdock.com https://mazagondock.in |
| Management | |
|---|---|
| Name | Position Held |
| Capt.(Retd.) Jagmohan | Chairman & Managing Director |
| Mr. Ruchir Agrawal | Director - Finance & CFO |
| Mr. Biju George | Director |
| Mr. Vasudev Puranik | Director |
| Mr. S B Jamgaonkar | Director |
| Mr. Dattaprasad Kholkar | Independent Director |
| Mr. Chandu Sambasiva Rao | Independent Director |
| Dr. Vivek Atul Bhuskute | Independent Director |
| Mrs. Veni Thapar | Independent Director |
| Mr. Kedar Nath Gupta | Independent Director |
| Mr. Rajeev Prakash | Government Nominee Director |
FAQ
What is the intrinsic value of Mazagon Dock Shipbuilders Ltd?
Mazagon Dock Shipbuilders Ltd's intrinsic value (as of 20 December 2025) is 2564.57 which is 6.50% higher the current market price of 2,408.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 97,142 Cr. market cap, FY2025-2026 high/low of 3,778/1,918, reserves of ₹7,882 Cr, and liabilities of 25,125 Cr.
What is the Market Cap of Mazagon Dock Shipbuilders Ltd?
The Market Cap of Mazagon Dock Shipbuilders Ltd is 97,142 Cr..
What is the current Stock Price of Mazagon Dock Shipbuilders Ltd as on 20 December 2025?
The current stock price of Mazagon Dock Shipbuilders Ltd as on 20 December 2025 is 2,408.
What is the High / Low of Mazagon Dock Shipbuilders Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Mazagon Dock Shipbuilders Ltd stocks is 3,778/1,918.
What is the Stock P/E of Mazagon Dock Shipbuilders Ltd?
The Stock P/E of Mazagon Dock Shipbuilders Ltd is 43.6.
What is the Book Value of Mazagon Dock Shipbuilders Ltd?
The Book Value of Mazagon Dock Shipbuilders Ltd is 200.
What is the Dividend Yield of Mazagon Dock Shipbuilders Ltd?
The Dividend Yield of Mazagon Dock Shipbuilders Ltd is 0.72 %.
What is the ROCE of Mazagon Dock Shipbuilders Ltd?
The ROCE of Mazagon Dock Shipbuilders Ltd is 48.8 %.
What is the ROE of Mazagon Dock Shipbuilders Ltd?
The ROE of Mazagon Dock Shipbuilders Ltd is 36.5 %.
What is the Face Value of Mazagon Dock Shipbuilders Ltd?
The Face Value of Mazagon Dock Shipbuilders Ltd is 5.00.