Mazagon Dock Shipbuilders Ltd
Mazagon Dock Shipbuilders Ltd (MAZDOCK) last reported results for the quarter ended Jun 2026, with sales of ₹2,943 crore and net profit of ₹550 crore. The stock last traded at ₹2,095, a market capitalisation of ₹84,512 crore, on a P/E of 29.5. Over the past 52 weeks the stock has ranged between ₹2,031 and ₹2,930. Figures are as of 6 Oct 2026 and are not real time.
Mazagon Dock Shipbuilders Ltd share price and key metrics
- Current price
- ₹2,095
- Market cap
- ₹84,512 cr
- Stock P/E
- 29.5
- Book value
- ₹242
- ROE
- 29.2%
- ROCE
- 36.0%
- Dividend yield
- 0.87%
- 52w high / low
- 2930/2031
Metrics as of 6 Oct 2026. Not real time.
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Mazagon Dock Shipbuilders Ltd growth and returns
- 10 Years
- 12%
- 5 Years
- 26%
- 3 Years
- 18%
- TTM
- 14%
- 10 Years
- 16%
- 5 Years
- 33%
- 3 Years
- 32%
- TTM
- 32%
- 10 Years
- %
- 5 Years
- 74%
- 3 Years
- 24%
- 1 Year
- -28%
- 10 Years
- 26%
- 5 Years
- 29%
- 3 Years
- 32%
- Last Year
- 29%
Mazagon Dock Shipbuilders Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹2,943 cr, up 12.1% from ₹2,626 cr a year earlier. Net profit was ₹550 cr, up 21.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,757 | 3,144 | 3,174 | 2,626 | 2,929 | 3,601 | 3,850 | 2,943 |
| Expenses | 2,246 | 2,327 | 3,055 | 2,324 | 2,235 | 2,714 | 3,308 | 2,496 |
| Operating profit | 511 | 817 | 119 | 302 | 695 | 887 | 543 | 447 |
| OPM % | 19% | 26% | 3.8% | 11% | 24% | 25% | 14% | 15% |
| Other income | 258 | 291 | 287 | 324 | 271 | 262 | 283 | 313 |
| Interest | 5 | 5 | 8 | 35 | 8 | 6 | 10 | 44 |
| Depreciation | 23 | 40 | 29 | 23 | 24 | 23 | 23 | 29 |
| Profit before tax | 740 | 1,063 | 370 | 567 | 934 | 1,120 | 793 | 686 |
| Tax % | 25% | 28% | 21% | 26% | 24% | 25% | 20% | 25% |
| Net profit | 585 | 807 | 325 | 452 | 749 | 880 | 674 | 550 |
| EPS (₹) | 14.50 | 20.01 | 8.06 | 11.21 | 18.58 | 21.81 | 16.84 | 13.62 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Mazagon Dock Shipbuilders Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,505 | 4,457 | 4,614 | 4,905 | 4,048 | 5,733 | 7,827 | 9,467 | 11,432 | 13,006 | 13,323 |
| Operating profit | 129 | 157 | 261 | 263 | 226 | 441 | 801 | 1,416 | 2,093 | 2,268 | 2,571 |
| OPM % | 3.7% | 3.5% | 6% | 5% | 6% | 8% | 10% | 15% | 18% | 17% | 19% |
| Net profit | 585 | 496 | 532 | 471 | 514 | 611 | 1,119 | 1,937 | 2,414 | 2,578 | 2,854 |
| EPS (₹) | 117.49 | 11.07 | 11.88 | 11.66 | 12.74 | 15.14 | 27.74 | 48.02 | 59.83 | 64.04 | 70.85 |
TTM is the trailing twelve months to the most recent quarter.
Mazagon Dock Shipbuilders Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 249 | 224 | 224 | 202 | 202 | 202 | 202 | 202 | 202 | 202 |
| Reserves | 2,730 | 2,610 | 2,993 | 2,858 | 3,230 | 3,656 | 4,558 | 6,042 | 7,738 | 9,553 |
| Borrowings | 0 | 0 | 0 | 0 | 30 | 12 | 6 | 1 | 20 | 447 |
| Other liabilities | 16,366 | 16,540 | 17,633 | 17,883 | 21,679 | 25,904 | 24,709 | 23,219 | 20,844 | 17,272 |
| Total liabilities | 19,345 | 19,374 | 20,850 | 20,943 | 25,140 | 29,773 | 29,476 | 29,463 | 28,804 | 27,474 |
| Fixed assets | 546 | 705 | 810 | 836 | 807 | 965 | 1,024 | 838 | 1,466 | 2,062 |
| CWIP | 98 | 85 | 89 | 80 | 80 | 87 | 62 | 72 | 133 | 252 |
| Investments | 376 | 429 | 431 | 484 | 519 | 542 | 589 | 679 | 765 | 915 |
| Other assets | 18,324 | 18,154 | 19,520 | 19,542 | 23,735 | 28,179 | 27,801 | 27,875 | 26,440 | 24,245 |
| Total assets | 19,345 | 19,374 | 20,850 | 20,943 | 25,140 | 29,773 | 29,476 | 29,463 | 28,804 | 27,474 |
As reported by the company. Total assets equal total liabilities by construction.
Mazagon Dock Shipbuilders Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -1,003 | 491 | 65 | -96 | 68 | -163 | 1,516 | 684 | 2,102 | -2,654 |
| Cash from investing | 493 | 348 | 417 | 454 | 348 | 326 | -150 | 1,420 | -1,299 | 1,166 |
| Cash from financing | -245 | -608 | -126 | -605 | -160 | -183 | -218 | -448 | -736 | -931 |
| Net cash flow | -755 | 231 | 356 | -246 | 257 | -19 | 1,148 | 1,655 | 67 | -2,419 |
| Free cash flow | -1,149 | 311 | -110 | -196 | 26 | -203 | 1,401 | 347 | 1,298 | -2,828 |
| CFO / operating profit | -507% | 507% | 146% | 43% | 99% | 32% | 228% | 96% | 145% | -74% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Mazagon Dock Shipbuilders Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 30% | 23% | 27% | 24% | 23% | 21% | 33% | 44% | 43% | 36% |
| Debtor days | 78 | 91 | 117 | 107 | 87 | 64 | 47 | 71 | 34 | 73 |
| Inventory days | 782 | 559 | 533 | 688 | 1,142 | 1,044 | 605 | 411 | 298 | 131 |
| Days payable | 174 | 353 | 410 | 704 | 1,234 | 836 | 366 | 321 | 240 | 224 |
| Cash conversion cycle | 685 | 297 | 240 | 91 | -4 | 272 | 285 | 162 | 92 | -20 |
| Working capital days | -608 | -431 | -444 | -311 | -607 | -645 | -528 | -426 | -356 | -187 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Mazagon Dock Shipbuilders Ltd shareholding pattern
Promoters held 81.22% at Jun 2026, broadly unchanged since Jun 2025. FIIs 1.72% and DIIs 5.02%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 84.83% | 84.83% | 84.83% | 81.22% | 81.22% | 81.22% | 81.22% | 81.22% |
| FIIs | 1.45% | 1.55% | 2.26% | 2.57% | 1.97% | 1.80% | 1.73% | 1.72% |
| DIIs | 1.00% | 1.46% | 1.69% | 5.21% | 5.65% | 5.37% | 5.09% | 5.02% |
| Public | 12.72% | 12.16% | 11.21% | 11.00% | 11.15% | 11.61% | 11.95% | 12.04% |
| No. of shareholders | 6,72,404 | 6,89,605 | 6,76,957 | 7,19,743 | 7,41,680 | 7,62,652 | 8,08,455 | 8,05,823 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Mazagon Dock Shipbuilders Ltd corporate filings
- Mazagon Dock Shipbuilders clarifies regarding Thoothukudi Shipyard Project rumorOtherslow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Ltd issued a clarification to the exchange about a news item…
Read the full analysis - Mazagon Dock Shipbuilders Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.Insider Trading / SASTlow impact
- Mazagon Dock Shipbuilders Limited Releases Corporate Presentation Highlighting Strategic Growth and Order Book of 18,218 croreCompany Updatehigh impact
Cruxal's analysis: Mazagon Dock Shipbuilders Limited has released its June 2026 corporate presentation…
Read the full analysis - Mazagon Dock Shipbuilders Ltd. announces extension of tenure for Director (Operations) Shri Biju GeorgeCompany Updatelow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Ltd. has formally announced that the Ministry of Defence has…
Read the full analysis - Mazagon Dock Shipbuilders Limited schedules investor meetingCompany Updatelow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Limited has issued a formal intimation regarding a scheduled…
Read the full analysis - Mazagon Dock Shipbuilders signs MOU with NSHIPAP for shipbuilding infrastructure developmentCompany Updatelow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Limited has entered into a Memorandum of Understanding (MOU)…
Read the full analysis - Mazagon Dock Shipbuilders signs MOU with NSHIPML for shipbuilding infrastructure developmentCompany Updatelow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Limited has entered into a Memorandum of Understanding (MOU)…
Read the full analysis - Mazagon Dock Shipbuilders Ltd. Announces Appointment of M/s. Sarda & Pareek LLP as Statutory Auditors for FY 2026-27Company Updatelow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Ltd. has formally disclosed the appointment of M/s. Sarda &…
Read the full analysis - Mazagon Dock Shipbuilders Limited announces appointment of Shri K.M. Ravi Kumar as Independent DirectorCompany Updatelow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Limited has formally announced the appointment of Shri K.M…
Read the full analysis - Mazagon Dock Shipbuilders Limited announces successful conclusion of 93rd Annual General Meeting and shareholder approval of all resolutionsAGM/EGMlow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Limited has successfully concluded its 93rd Annual General…
Read the full analysis - Mazagon Dock Shipbuilders Limited concludes 93rd AGM; declares final dividend of INR 4.62 per shareAGM/EGMlow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Limited has successfully concluded its 93rd Annual General…
Read the full analysis - Mazagon Dock Shipbuilders Limited announces appointment of Independent DirectorCompany Updatelow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Limited has informed the stock exchanges regarding the…
Read the full analysis - Mazagon Dock Shipbuilders Ltd. fixes 20 August 2026 as record date for final dividend for FY 2025-26Corp. Actionlow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Ltd. has officially announced 20 August 2026 as the record date…
Read the full analysis - Mazagon Dock Shipbuilders Limited Announces 93rd Annual General Meeting and Final Dividend Record DateCompany Updatelow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Limited has scheduled its 93rd Annual General Meeting for 27…
Read the full analysis - Mazagon Dock Shipbuilders schedules 93rd Annual General Meeting for August 27, 2026Company Updatelow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Limited has issued a formal notice regarding its 93rd Annual…
Read the full analysis - Mazagon Dock Shipbuilders Ltd files Business Responsibility and Sustainability Report for FY 2025-26Otherslow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Ltd has submitted its Business Responsibility and…
Read the full analysis - Mazagon Dock Shipbuilders Ltd files Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Ltd has submitted its Annual Report for the financial year…
Read the full analysis - Mazagon Dock Shipbuilders Limited announces 93rd AGM for 27 August 2026, proposes final dividend of INR 4.62 per shareAGM/EGMlow impact
Cruxal's analysis: Mazagon Dock Shipbuilders Limited has scheduled its 93rd Annual General Meeting for 27…
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