| 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 |
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 | 3,011 | 3,430 | 3,484 | 2,915 |
| 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 |
| EBITDA | 254 | 176 | 282 | 93 | 22 | 153 | 180 | 316 | 144 | 175 | 305 | 206 | 310 | 281 | 472 | 422 | 404 | 428 | 808 | 873 | 913 | 765 | 1,104 | 400 | 591 |
| 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 % |
| 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 |
| Interest | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 |
| 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 |
| 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 |
| 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 |
Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders
2,946.00
+21.10
(0.72%)
Market Cap
1,18,835.75 Cr
EPS
59.83
PE Ratio
54.37
Dividend Yield
0.59 %
Industry
Aerospace & Defense52 Week High
3,775.00
52 Week Low
1,918.05
PB Ratio
14.85
Debt to Equity
0.00
Sector
Engineering
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from5 analysts
Company News
View All News
Germany's TKMS has started official contract negotiations with Indian procurement authorities for a submarine project involving Mazagon Dock. TKMS reported that its order backlog reached EUR 18.5 billion as of June 30, 2025, reflecting an increase attributed to this development.
Mazagon Dock Shipbuilders has begun negotiations with the Indian Navy for the submarine programme Project P-75(I). The Ministry of Defence approved the state-run shipbuilder in August to start cost talks with Germany's Thyssenkrupp Marine Systems for building six conventional submarines in a deal valued at nearly ₹70,000 crore. The contract is expected to be awarded about six months after successful completion of cost negotiations. Under a memorandum of understanding signed in June 2023, Thyssenkrupp will handle engineering and design while Mazagon Dock will construct and deliver the submarines. JPMorgan maintains an 'underweight' stance with a price target of ₹2,468, citing limited positive triggers despite the stock's 30% correction from its peak of ₹3,775. The company's earnings in recent quarters were impacted by provisions related to cost overruns, though management indicated margins are likely to recover. Mazagon Dock will be included in the Nifty Next 50 index from end of September. Shares closed higher by over ₹70 at ₹2,754.85.
Mazagon Dock has begun talks with the Indian Navy regarding the submarine project P75(I). The discussions mark the start of engagement between the shipbuilder and the naval force on this submarine initiative.
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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 |
|---|---|---|---|---|---|---|---|---|
4,840.00 | #1 3,23,687.10 | #1 38.59 | #1 33,542.60 | 3.92 | #1 8,364 | -3.71 | 70.17 | |
402.90 | 2,94,510.99 | 52.97 | 24,511.10 | 17.06 | 5,287 | 22.46 | 63.43 | |
14,609.00 | 1,32,196.92 | 103.87 | 7,611.10 | 24.49 | 1,288 | 17.34 | 52.01 | |
2,946.00 | #4 1,18,835.75 | #5 54.37 | #3 12,553.10 | #5 24.13 | #3 2,277 | #10 -35.05 | 63.11 | |
1,605.00 | 58,833.28 | 104.85 | 3,695.50 | 3.26 | 550 | #1 155.56 | 59.69 | |
2,440.30 | 27,954.12 | 50.88 | 5,410.50 | 40.87 | 527 | 37.84 | 49.43 | |
2,762.10 | 15,463.33 | 70.90 | 113.70 | 2.06 | 4 | -22.26 | 60.84 | |
1,470.60 | 13,278.10 | 53.76 | 1,032.00 | #1 126.91 | 299 | -33.21 | 48.86 | |
343.80 | 11,466.85 | 165.55 | 565.00 | 25.21 | 56 | 110.71 | 76.20 | |
1,104.30 | 10,484.78 | 65.08 | 1,068.70 | 12.12 | 154 | 126.39 | 65.85 |
Automatic Screeners on ScanX
Forecast
Actual
Growth Rate
Revenue Growth
24.13 %
Net Income Growth
72.92 %
Cash Flow Change
203.92 %
ROE
31.80 %
ROCE
34.72 %
EBITDA Margin (Avg.)
36.35 %
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 | 19,370 | 20,838 | 20,941 | 25,139 | 29,770 | 29,463 | 29,449 | 28,708 |
| Fixed Assets | 266 | 345 | 565 | 705 | 798 | 836 | 807 | 965 | 1,024 | 838 | 1,466 |
| Current Assets | 30,161 | 32,565 | 17,489 | 17,044 | 18,079 | 18,072 | 22,084 | 26,529 | 26,085 | 25,788 | 24,714 |
| Capital Work in Progress | 40 | 65 | 98 | 85 | 89 | 80 | 80 | 87 | 62 | 72 | 133 |
| Investments | 297 | 324 | 384 | 429 | 431 | 484 | 519 | 542 | 589 | 679 | 765 |
| Other Assets | 30,630 | 33,055 | 18,344 | 18,151 | 19,520 | 19,540 | 23,733 | 28,176 | 27,789 | 27,861 | 26,344 |
| Total Liabilities | 31,233 | 33,788 | 19,391 | 19,370 | 20,838 | 20,941 | 25,139 | 29,770 | 29,463 | 29,449 | 28,708 |
| Current Liabilities | 28,228 | 30,376 | 14,967 | 15,117 | 16,231 | 16,460 | 20,789 | 25,184 | 24,140 | 22,619 | 19,823 |
| Non Current Liabilities | 253 | 246 | 1,434 | 1,419 | 1,393 | 1,422 | 917 | 729 | 563 | 587 | 945 |
| Total Equity | 2,753 | 3,166 | 2,990 | 2,834 | 3,214 | 3,059 | 3,432 | 3,858 | 4,760 | 6,244 | 7,940 |
| Reserve & Surplus | 2,554 | 2,967 | 2,741 | 2,610 | 2,990 | 2,858 | 3,230 | 3,656 | 4,559 | 6,042 | 7,738 |
| Share Capital | 199 | 199 | 249 | 224 | 224 | 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 |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| 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 | 0.59 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 26 Sept 2025 |  Annual General Meeting | NA | 26 Sept 2025 | 2,628.10 | 2,924.90 |
| 19 Sept 2025 |  Dividend | ₹ 2.71 /share | 19 Sept 2025 | 3,663.90 | 2,924.90 |
| 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 |
Announcements
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
4 days ago
4 days agoUpdate On Submarine Project - Commencement Of Negotiations5 days ago
5 days agoAnnouncement 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, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 08.04.2025Apr 08, 2025
Apr 08, 2025Provisional And Unaudited Turnover For The Financial Year Ended On 31.03.2025Apr 08, 2025
Apr 08, 2025Updates on Notice of Offer for Sale by PromoterApr 04, 2025
Apr 04, 2025Notice of Offer for Sale of Shares by Promoter & Floor PriceApr 03, 2025
Apr 03, 2025Notice of Offer for Sale of Shares by Promoter & Floor PriceApr 03, 2025
Apr 03, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 02, 2025
Apr 02, 2025Board Meeting Intimation for Consideration Of Second Interim Dividend For The Financial Year 2024-25.Mar 28, 2025
Mar 28, 2025Closure of Trading WindowMar 27, 2025
Mar 27, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMar 27, 2025
Mar 27, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMar 25, 2025
Mar 25, 2025Signing Of MOU With The State Disaster Management Authority Goa.Mar 21, 2025
Mar 21, 2025Plate Cutting Ceremony For The First Air Independent Propulsion (AIP) SystemMar 19, 2025
Mar 19, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMar 07, 2025
Mar 07, 2025Announcement under Regulation 30 (LODR)-Change in ManagementFeb 28, 2025
Feb 28, 2025Announcement under Regulation 30 (LODR)-Change in ManagementFeb 28, 2025
Feb 28, 2025Announcement under Regulation 30 (LODR)-Change in ManagementFeb 28, 2025
Feb 28, 2025Technical Indicators
RSI(14)
Neutral 63.11
ATR(14)
Less Volatile 78.24
STOCH(9,6)
Neutral 75.43
STOCH RSI(14)
Overbought 100.00
MACD(12,26)
Bullish 38.44
ADX(14)
Weak Trend 18.97
UO(9)
Bearish 59.79
ROC(12)
Uptrend And Accelerating 11.29
WillR(14)
Overbought -8.82
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