| Quarterly Financials | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 1,250 | 1,104 | 1,946 | 1,176 | 481 | 1,207 | 1,557 | 1,377 | 1,302 | 1,660 | 1,656 | 1,526 | 2,367 | 1,866 | 1,992 | 2,290 | 2,405 | 2,079 | 2,631 | 3,452 | 2,628 | 3,015 | 3,430 | 3,484 | 2,949 | 3,200 |
| Expenses | 995 | 928 | 1,665 | 1,083 | 459 | 1,053 | 1,377 | 1,061 | 1,158 | 1,485 | 1,351 | 1,319 | 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 | 2,235 |
| EBITDA | 254 | 176 | 282 | 93 | 22 | 153 | 180 | 316 | 144 | 175 | 305 | 206 | 310 | 281 | 472 | 422 | 404 | 428 | 808 | 873 | 913 | 769 | 1,104 | 400 | 625 | 965 |
| Operating Profit % | 11 % | 2 % | 8 % | -4 % | -20 % | 4 % | 6 % | 4 % | 5 % | 5 % | 13 % | 6 % | 8 % | 7 % | 16 % | 10 % | 8 % | 10 % | 23 % | 17 % | 27 % | 19 % | 26 % | 3 % | 11 % | 24 % |
| Depreciation | 16 | 19 | 14 | 20 | 7 | 18 | 18 | 17 | 17 | 17 | 17 | 23 | 18 | 19 | 18 | 20 | 20 | 20 | 20 | 23 | 23 | 23 | 40 | 29 | 23 | 24 |
| Interest | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 5 | 1 | 1 | 35 | 8 |
| Profit Before Tax | 236 | 155 | 266 | 71 | 14 | 133 | 160 | 297 | 125 | 156 | 286 | 182 | 290 | 262 | 452 | 400 | 383 | 407 | 786 | 849 | 889 | 741 | 1,063 | 370 | 567 | 934 |
| Tax | 152 | 52 | 57 | -4 | -1 | 34 | 19 | 38 | 24 | 21 | 71 | 23 | 65 | 48 | 98 | 73 | 69 | 74 | 160 | 186 | 193 | 155 | 256 | 45 | 115 | 185 |
| Net Profit | 84 | 103 | 209 | 75 | 14 | 99 | 141 | 259 | 102 | 135 | 215 | 159 | 225 | 214 | 354 | 326 | 314 | 333 | 627 | 663 | 696 | 585 | 807 | 325 | 452 | 750 |
| EPS in ₹ | 4.18 | 4.61 | 9.31 | 3.70 | 0.69 | 4.93 | 7.01 | 12.85 | 5.04 | 6.69 | 10.67 | 7.88 | 11.14 | 10.61 | 17.56 | 16.17 | 15.59 | 16.50 | 31.08 | 32.87 | 34.51 | 29.01 | 20.01 | 8.06 | 11.21 | 18.58 |
Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders
2,670.30
+39.80
(1.51%)
Key Fundamentals
Market Cap
1,07,714.60 Cr
EPS
59.83
PE Ratio
46.16
Dividend Yield
0.65 %
Industry
Aerospace & Defense 52 Week High
3,775.00
52 Week Low
1,918.05
PB Ratio
12.09
Debt to Equity
0.00
Sector
Engineering Analyst Rating and Forecast
- By Refinitiv from5 analysts
Actual
Company News
View All News
Mazagon Dock Reports 27% PAT Growth in Q2 FY26, Eyes Major Defense Orders Worth Over ₹1 Lakh Crores
6 days ago
6 days agoMazagon Dock Shipbuilders Limited reported quarterly results with revenue from operations at ₹2,929 crores, up 6% year-on-year. Profit After Tax reached ₹715 crores, marking a 27% increase compared to the corresponding quarter last year. The company's order book stands at ₹27,415 crores. Management expects revenue of approximately ₹12,500 crores for the current financial year with 5% growth anticipated next year. The company is pursuing several major defense projects including P75I submarines (commercial negotiations ongoing), three additional Scorpene submarines (awaiting final approval), and Landing Platform Dock worth ₹35,000-40,000 crores. Mazagon Dock signed an exclusive MoU with Swan Shipyard for the LPD project and is planning a ₹5,000 crore greenfield shipyard in Tuticorin for commercial shipbuilding. The company wrote back liquidated damages of ₹102 crores related to the 17 Alpha second ship. Management projects the order book to exceed ₹1 lakh crores by FY27 and expects stable margins of around 15% for operationally efficient projects.
Mazagon Dock has set a revenue target of approximately Rs 12,500 crores for FY26, anticipating 5% growth next year. The company forecasts margins of 12-15% for new projects, with expectations of higher margins of 25-30% upon project completion after clearing liabilities. Mazagon Dock predicts its order book will surpass Rs 1 lakh crore by FY27. The company is establishing a new shipyard in Tuticorin designed for very large ships up to 300,000 tons, with Phase 1 requiring an investment of Rs 5,000 crores.
Mazagon Dock Shipbuilders and Swan Defence Sign Teaming Agreement for Indian Navy Landing Platform DocksOct 28, 2025
Oct 28, 2025Mazagon Dock Shipbuilders Limited (MDL) and Swan Defence and Heavy Industries Limited (SDHI) signed an exclusive teaming agreement for the design and construction of Landing Platform Docks (LPDs) for the Indian Navy. The agreement was signed during India Maritime Week 2025 in Mumbai. The Defence Acquisition Council approved the acquisition of LPDs for amphibious operations and humanitarian missions. Under the partnership, MDL will contribute ship design, project management, and system integration expertise, while SDHI will provide shipbuilding infrastructure for vessel construction. The collaboration aims to combine public and private sector strengths to reduce build periods, enhance quality, and achieve cost efficiency.
View more
Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
4,626.60 | #1 3,09,415.40 | #1 37.23 | #1 33,542.60 | 3.92 | #1 8,364 | -3.71 | 39.39 | |
414.25 | 3,02,807.60 | 53.18 | 24,511.10 | 17.06 | 5,287 | 17.79 | 52.55 | |
13,573.00 | 1,22,822.20 | 91.67 | 7,611.10 | 24.49 | 1,288 | 17.34 | 40.96 | |
2,670.30 | #4 1,07,714.60 | #3 46.16 | #3 12,553.10 | #6 18.78 | #3 2,277 | #5 28.10 | 36.33 | |
1,447.70 | 53,067.30 | 94.56 | 3,695.50 | 35.31 | 550 | #1 155.56 | 37.67 | |
2,574.10 | 29,486.80 | 47.83 | 5,410.50 | 39.01 | 527 | 57.26 | 47.63 | |
2,616.20 | 14,646.50 | 68.26 | 113.70 | 2.06 | 4 | -22.26 | 39.51 | |
1,358.80 | 12,268.70 | 45.22 | 1,032.00 | #1 126.91 | 299 | -2.37 | 42.39 | |
1,042.50 | 9,898.00 | 60.85 | 1,068.70 | 16.10 | 154 | 126.39 | 45.44 | |
268.45 | 8,953.70 | 113.00 | 565.00 | 51.27 | 56 | 91.08 | 35.51 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
18.78 %
Net Income Growth
25.89 %
Cash Flow Change
203.92 %
ROE
-1.00 %
ROCE
-3.01 %
EBITDA Margin (Avg.)
6.56 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 31,233 | 33,788 | 19,391 | 0 | 0 | 20,941 | 25,139 | 29,770 | 29,463 | 29,449 | 28,708 |
| Fixed Assets | 266 | 345 | 565 | 0 | 0 | 836 | 807 | 965 | 1,024 | 838 | 1,466 |
| Current Assets | 30,161 | 32,565 | 17,489 | 0 | 0 | 18,072 | 22,084 | 26,529 | 26,085 | 25,788 | 24,714 |
| Capital Work in Progress | 40 | 65 | 98 | 0 | 0 | 80 | 80 | 87 | 62 | 72 | 133 |
| Investments | 297 | 324 | 384 | 0 | 0 | 484 | 519 | 542 | 589 | 679 | 765 |
| Other Assets | 30,630 | 33,055 | 18,344 | 0 | 0 | 19,540 | 23,733 | 28,176 | 27,789 | 27,861 | 26,344 |
| Total Liabilities | 31,233 | 33,788 | 19,391 | 0 | 0 | 20,941 | 25,139 | 29,770 | 29,463 | 29,449 | 28,708 |
| Current Liabilities | 28,228 | 30,376 | 14,967 | 0 | 0 | 16,460 | 20,789 | 25,184 | 24,140 | 22,619 | 19,823 |
| Non Current Liabilities | 253 | 246 | 1,434 | 0 | 0 | 1,422 | 917 | 729 | 563 | 587 | 945 |
| Total Equity | 2,753 | 3,166 | 2,990 | 0 | 0 | 3,059 | 3,432 | 3,858 | 4,760 | 6,244 | 7,940 |
| Reserve & Surplus | 2,554 | 2,967 | 2,741 | 0 | 0 | 2,858 | 3,230 | 3,656 | 4,559 | 6,042 | 7,738 |
| Share Capital | 199 | 199 | 249 | 0 | 0 | 202 | 202 | 202 | 202 | 202 | 202 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 2,376 | 1,188 | -755 | 231 | 356 | -246 | 257 | -19 | 1,148 | 3,350 | 67 |
| Investing Activities | 434 | 561 | 493 | 348 | 417 | 454 | 348 | 326 | -150 | 3,115 | -1,299 |
| Operating Activities | 2,071 | 746 | -1,003 | 491 | 65 | -96 | 68 | -163 | 1,516 | 684 | 2,078 |
| Financing Activities | -129 | -119 | -245 | -608 | -126 | -605 | -160 | -183 | -218 | -449 | -712 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 84.83 % | 81.22 % | 81.22 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 3.32 % | 2.38 % | 2.44 % | 1.45 % | 1.55 % | 2.26 % | 2.58 % | 1.97 % |
| DIIs | 0.79 % | 0.40 % | 0.38 % | 0.91 % | 0.97 % | 1.15 % | 0.75 % | 0.26 % | 0.31 % | 0.53 % | 0.37 % | 0.43 % | 0.67 % | 0.84 % | 1.01 % | 1.47 % | 1.70 % | 5.21 % | 5.66 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 10.30 % | 10.66 % | 11.08 % | 9.77 % | 9.55 % | 8.99 % | 8.41 % | 8.88 % | 8.94 % | 8.79 % | 9.10 % | 9.37 % | 10.18 % | 9.67 % | 11.11 % | 10.48 % | 9.56 % | 9.58 % | 9.86 % |
| Others | 4.08 % | 4.11 % | 3.71 % | 4.48 % | 4.65 % | 5.03 % | 6.02 % | 6.03 % | 5.93 % | 5.85 % | 5.71 % | 2.04 % | 1.94 % | 2.22 % | 1.61 % | 1.67 % | 1.66 % | 1.41 % | 1.29 % |
| No of Share Holders | 1,06,711 | 1,18,296 | 1,22,459 | 1,16,739 | 1,18,354 | 1,14,635 | 1,19,248 | 1,58,987 | 1,64,151 | 2,02,872 | 3,08,372 | 3,45,328 | 3,86,330 | 4,77,478 | 6,72,404 | 6,89,605 | 6,76,957 | 7,19,743 | 7,41,680 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 10.77 | 7.24 | 8.73 | 15.96 | 27.45 | 17.30502 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 10.15 | 6.04 | 2.63 | 1.71 | 1.04 | 0.65 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 23 Feb 2021 |  Dividend | ₹ 5.41 /share | 22 Feb 2021 | 115.90 | 104.03 |
| 22 Sept 2021 | Dividend | ₹ 1.83 /share | 20 Sept 2021 | 133.68 | 125.58 |
| 07 Jan 2022 | Dividend | ₹ 7.10 /share | 06 Jan 2022 | 129.88 | 139.75 |
| 21 Sept 2022 | Dividend | ₹ 1.63 /share | 19 Sept 2022 | 144.03 | 227.98 |
| 22 Nov 2022 | Dividend | ₹ 9.10 /share | 21 Nov 2022 | 404.45 | 386.90 |
| 20 Sept 2023 | Dividend | ₹ 6.86 /share | 20 Sept 2023 | 387.25 | 1,099.38 |
| 20 Nov 2023 | Dividend | ₹ 15.34 /share | 20 Nov 2023 | 985.90 | 984.90 |
| 20 Sept 2024 | Dividend | ₹ 12.11 /share | 19 Sept 2024 | 1,518.43 | 2,029.95 |
| 26 Sept 2024 |  Annual General Meeting | NA | 26 Sept 2024 | 2,387.40 | 2,125.15 |
| 30 Oct 2024 | Dividend | ₹ 23.19 /share | 30 Oct 2024 | 2,333.25 | 2,006.23 |
| 05 Nov 2024 |  Quarterly Result Announcement | NA | 05 Nov 2024 | 2,107.05 | 2,013.50 |
| 22 Oct 2024 |  Split | 5:10 | 27 Dec 2024 | 2,333.25 | 2,333.25 |
| 07 Feb 2025 | Quarterly Result Announcement | NA | 07 Feb 2025 | 2,322.70 | 2,198.50 |
| 16 Apr 2025 | Dividend | ₹ 3.00 /share | 16 Apr 2025 | 2,319.30 | 2,661.10 |
| 29 May 2025 | Quarterly Result Announcement | NA | 29 May 2025 | 3,500.00 | 3,663.90 |
| 28 Jul 2025 | Quarterly Result Announcement | NA | 28 Jul 2025 | 2,951.70 | 2,886.60 |
| 19 Sept 2025 | Dividend | ₹ 2.71 /share | 19 Sept 2025 | 3,663.90 | 2,983.50 |
| 26 Sept 2025 | Annual General Meeting | NA | 26 Sept 2025 | 2,628.10 | 2,924.20 |
| 27 Oct 2025 | Quarterly Result Announcement | NA | 27 Oct 2025 | 2,834.90 | 2,804.85 |
| 04 Nov 2025 | Dividend | ₹ 6.00 /share | 04 Nov 2025 | 2,804.85 | 2,748.85 |
Announcements
Announcement under Regulation 30 (LODR)-Earnings Call Transcript6 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-Newspaper PublicationOct 29, 2025
Oct 29, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 28, 2025
Oct 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 28, 2025
Oct 28, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 27, 2025
Oct 27, 2025Announcement under Regulation 30 (LODR)-Dividend UpdatesOct 27, 2025
Oct 27, 2025Record Date For Payment Of 1St Interim Dividend For The FY 2025-26.Oct 27, 2025
Oct 27, 2025Board Meeting Outcome for Declaration Of Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Half Year Ended On 30.09.2025 And 1St Interim Dividend For The FY 2025-26.Oct 27, 2025
Oct 27, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 23, 2025
Oct 23, 2025Board Meeting Intimation for Approval Of Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Half Year Ended On 30 September 2025 And Consideration Of First Interim Dividend For The FY 2025-26.Oct 22, 2025
Oct 22, 2025Update On MOU With Naval Group France.Oct 17, 2025
Oct 17, 2025Declaration Of The Final Dividend For The Financial Year 2024-25 At The 92Nd AGM Of The Company Held On 26.09.2025.Sep 29, 2025
Sep 29, 2025Intimation Of Appointment Of Secretarial Auditor.Sep 29, 2025
Sep 29, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 29, 2025
Sep 29, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 26, 2025
Sep 26, 2025Closure of Trading WindowSep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sSep 11, 2025
Sep 11, 2025Update On Submarine Project - Commencement Of NegotiationsSep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 29, 2025
Aug 29, 2025Record Date For Determining Members Eligible To Receive Final Dividend For The Financial Year 2024-25.Aug 29, 2025
Aug 29, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 28, 2025
Aug 28, 2025Reg. 34 (1) Annual Report.Aug 28, 2025
Aug 28, 2025Shareholders Meeting - AGM On 26 September 2025Aug 28, 2025
Aug 28, 2025Rumour verification - Regulation 30(11)Aug 25, 2025
Aug 25, 2025Clarification sought from Mazagon Dock Shipbuilders LtdAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 30, 2025
Jul 30, 2025Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended On 30 June 2025Jul 28, 2025
Jul 28, 2025Board Meeting Intimation for Approval Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended On 30 June 2025.Jul 22, 2025
Jul 22, 2025Announcement under Regulation 30 (LODR)-AcquisitionJun 27, 2025
Jun 27, 2025Closure of Trading WindowJun 20, 2025
Jun 20, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJun 06, 2025
Jun 06, 2025Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015Jun 03, 2025
Jun 03, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 31, 2025
May 31, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 31, 2025
May 31, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 30, 2025
May 30, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 30, 2025
May 30, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 30, 2025
May 30, 2025Board Meeting Outcome for Outcome Of The Board Meeting Dated 29.05.2025May 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 27, 2025
May 27, 2025Board Meeting Intimation for Approval Of Audited Financial Results (Standalone & Consolidated) For The Quarter And Financial Year Ended On 31 March 2025 And Recommendation Of Final Dividend If Any For The Financial Year 2024-25May 23, 2025
May 23, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 22, 2025
May 22, 2025Appointment Of Part-Time Non-Official (Independent) Director.May 16, 2025
May 16, 2025Announcement under Regulation 30 (LODR)-Change in ManagementApr 22, 2025
Apr 22, 2025Announcement under Regulation 30 (LODR)-Change in ManagementApr 22, 2025
Apr 22, 2025Announcement under Regulation 30 (LODR)-Change in ManagementApr 21, 2025
Apr 21, 2025Appointment Of Chairman & Managing DirectorApr 18, 2025
Apr 18, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Apr 09, 2025
Apr 09, 2025Announcement under Regulation 30 (LODR)-Dividend UpdatesApr 08, 2025
Apr 08, 2025Payment Of 2Nd Interim Dividend For The FY 2024-25.Apr 08, 2025
Apr 08, 2025Mutual Fund Holdings
HSBC Midcap Fund Direct-Growth 
Kotak Arbitrage Fund Direct-Growth 
HDFC Defence Fund Direct - Growth 
ICICI Prudential Nifty Next 50 Index Direct-Growth 
Aditya Birla Sun Life Arbitrage Fund Direct-Growth 
Edelweiss Mid Cap Direct Plan-Growth 
Nippon India Vision Large & Mid Cap Direct-Growth 
SBI Arbitrage Opportunities Fund Direct-Growth 
ITI Small Cap Fund Direct-Growth 
Invesco India PSU Equity Fund Direct-Growth 
UTI Arbitrage Fund Direct-Growth 
Tata Nifty Midcap 150 Momentum 50 Index Fund Direct - Growth 
Mirae Asset Arbitrage Fund Direct - Growth 
Samco Flexi Cap Fund Direct - Growth Technical Indicators
RSI(14)
Neutral 36.33
ATR(14)
Volatile 68.44
STOCH(9,6)
Oversold 13.02
STOCH RSI(14)
Oversold 11.00
MACD(12,26)
Bearish -16.97
ADX(14)
Weak Trend 16.62
UO(9)
Bearish 42.32
ROC(12)
Downtrend And Accelerating -5.90
WillR(14)
Neutral -70.74
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
