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Change
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Day Open
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Day High
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Day Low
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NSE Close — 25 Sep 2026
₹2,199.6
Change
-2.4 (-0.11%)
Open
₹2,202.0
Prev. Close
₹2,202.0
Day High
₹2,217.0
Day Low
₹2,185.6
Volume Analysis
Traded
426,521
Delivered
153,479
Delivery %
35.98%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (1)
- •Strong return on equity (29.2%)
Weaknesses (1)
- •Promoter holding is falling
Opportunities (2)
- •Strong 3-year EPS growth (32.2%)
- •Strong 3-year revenue growth (18.4%)
Threats (1)
- •FII holding has been falling
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹2,247.26 | ₹2,232.13 | ₹2,215.86 | ₹2,200.73 | ₹2,184.46 | ₹2,169.33 | ₹2,153.06 |
| Fibonacci | ₹2,232.13 | ₹2,220.14 | ₹2,212.72 | ₹2,200.73 | ₹2,188.74 | ₹2,181.32 | ₹2,169.33 |
| Camarilla | ₹2,208.24 | ₹2,205.36 | ₹2,202.48 | ₹2,200.73 | ₹2,196.72 | ₹2,193.84 | ₹2,190.97 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-11.19%
1 Week
-1.45%
1 Month
-13.91%
3 Months
-11.9%
6 Months
-5.12%
1 Year
-22.21%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹590.51
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
28.39%
Net margin 21.42% × asset turnover 0.47x × equity multiplier 2.82x
Company Overview
Sector
Capital Goods
Market Cap
₹88,727 Cr
P/E (TTM)
31.0
ROE
29.2%
Book Value
₹242.0
Face Value
₹5.0
Source: Screener.in (Consolidated figures) — data as of 26 Sep 2026. Not investment advice.
TopFund Analysis
Mazagon Dock Shipbuil Ltd lands in the middle of the pack on TopFund's composite fundamentals check within the Capital Goods sector, at 63/100. The strongest factor is Financial Strength (100/100), while Momentum (16/100) is the weakest area to weigh before deciding. Notably: Strong return on equity (29.2%); promoter holding is falling. FII holding has been falling.
TopFund Score — Fundamentals Quality
63/100 — AverageData confidence: 78/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company is almost debt free.
- +Company has delivered good profit growth of 33.5% CAGR over last 5 years
- +Company has a good return on equity (ROE) track record: 3 Years ROE 32.3%
- +Company has been maintaining a healthy dividend payout of 28.6%
- −Stock is trading at 9.10 times its book value
- −Contingent liabilities of Rs.28,181 Cr.
- −Earnings include an other income of Rs.1,129 Cr.
- −Debtor days have increased from 59.5 to 73.1 days.
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Trading window closed from 1 October 2026 until 48 hours after Q2 FY27 results.
Mazagon Dock Shipbuilders Limited has informed about Investor Presentation
Ministry of Defence extended Director (Operations) Biju George’s tenure from 27 October 2026 to 28 February 2029.
Mazagon Dock Shipbuilders will hold analyst and institutional investor meetings from 24-30 September 2026.
MDL signed MoU to be anchor shipyard in proposed Dugarajapatnam Greenfield cluster, targeting 1.2 million GT capacity.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,173 | 1,828 | 2,362 | 3,104 | 2,357 | 2,757 | 3,144 | 3,174 | 2,626 | 2,929 | 3,601 | 3,850 | 2,943 |
| Expenses + | 2,001 | 1,651 | 1,823 | 2,580 | 1,715 | 2,246 | 2,327 | 3,055 | 2,324 | 2,235 | 2,714 | 3,308 | 2,496 |
| Operating Profit | 172 | 177 | 539 | 524 | 642 | 511 | 817 | 119 | 302 | 695 | 887 | 543 | 447 |
| OPM % | 8.0% | 10.0% | 23.0% | 17.0% | 27.0% | 19.0% | 26.0% | 3.8% | 11.0% | 24.0% | 25.0% | 14.0% | 15.0% |
| Other Income + | 233 | 251 | 269 | 349 | 271 | 258 | 291 | 287 | 324 | 271 | 262 | 283 | 313 |
| Interest | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 8 | 35 | 8 | 6 | 10 | 44 |
| Depreciation | 20 | 20 | 20 | 23 | 23 | 23 | 40 | 29 | 23 | 24 | 23 | 23 | 29 |
| Profit before tax | 383 | 407 | 786 | 849 | 889 | 740 | 1,063 | 370 | 567 | 934 | 1,120 | 793 | 686 |
| Tax % | 25.0% | 25.0% | 25.0% | 26.0% | 25.0% | 25.0% | 28.0% | 21.0% | 26.0% | 24.0% | 25.0% | 20.0% | 25.0% |
| Net Profit + | 314 | 333 | 627 | 663 | 696 | 585 | 807 | 325 | 452 | 749 | 880 | 674 | 550 |
| EPS in Rs | 8 | 8 | 16 | 16 | 17 | 15 | 20 | 8 | 11 | 19 | 22 | 17 | 14 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,605 | 4,094 | 3,505 | 4,457 | 4,614 | 4,905 | 4,048 | 5,733 | 7,827 | 9,467 | 11,432 | 13,006 | 13,323 |
| Expenses + | 3,383 | 3,874 | 3,375 | 4,300 | 4,353 | 4,642 | 3,822 | 5,292 | 7,027 | 8,051 | 9,339 | 10,738 | 10,752 |
| Operating Profit | 222 | 221 | 129 | 157 | 261 | 263 | 226 | 441 | 801 | 1,416 | 2,093 | 2,268 | 2,571 |
| OPM % | 6.0% | 5.0% | 3.7% | 3.5% | 6.0% | 5.0% | 6.0% | 8.0% | 10.0% | 15.0% | 18.0% | 17.0% | 19.0% |
| Other Income + | 563 | 761 | 766 | 565 | 617 | 546 | 448 | 396 | 687 | 1,101 | 1,112 | 1,139 | 1,129 |
| Interest | 8 | 16 | 17 | 20 | 36 | 13 | 11 | 14 | 9 | 9 | 28 | 74 | 68 |
| Depreciation | 31 | 44 | 39 | 52 | 64 | 69 | 60 | 75 | 76 | 83 | 115 | 97 | 99 |
| Profit before tax | 746 | 922 | 839 | 650 | 778 | 727 | 604 | 749 | 1,403 | 2,425 | 3,062 | 3,237 | 3,533 |
| Tax % | 34.0% | 39.0% | 37.0% | 39.0% | 40.0% | 48.0% | 25.0% | 25.0% | 25.0% | 25.0% | 26.0% | 25.0% | — |
| Net Profit + | 516 | 596 | 585 | 496 | 532 | 471 | 514 | 611 | 1,119 | 1,937 | 2,414 | 2,578 | 2,854 |
| EPS in Rs | 130 | 150 | 117 | 11 | 12 | 12 | 13 | 15 | 28 | 48 | 60 | 64 | 71 |
| Dividend Payout % | 19.0% | 17.0% | 34.0% | 49.0% | 19.0% | 46.0% | 28.0% | 29.0% | 29.0% | 29.0% | 29.0% | 28.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 2,554 | 2,442 | 2,730 | 2,610 | 2,993 | 2,858 | 3,230 | 3,656 | 4,558 | 6,042 | 7,738 | 9,553 |
| Borrowings + | 83 | 0 | 0 | 0 | 0 | 0 | 30 | 12 | 6 | 1 | 20 | 447 |
| Other Liabilities + | 28,397 | 16,386 | 16,366 | 16,540 | 17,633 | 17,883 | 21,679 | 25,904 | 24,709 | 23,219 | 20,844 | 17,272 |
| Total Liabilities | 31,233 | 19,028 | 19,345 | 19,374 | 20,850 | 20,943 | 25,140 | 29,773 | 29,476 | 29,463 | 28,804 | 27,474 |
| Fixed Assets + | 266 | 368 | 546 | 705 | 810 | 836 | 807 | 965 | 1,024 | 838 | 1,466 | 2,062 |
| CWIP | 40 | 170 | 98 | 85 | 89 | 80 | 80 | 87 | 62 | 72 | 133 | 252 |
| Investments | 299 | 324 | 376 | 429 | 431 | 484 | 519 | 542 | 589 | 679 | 765 | 915 |
| Other Assets + | 30,629 | 18,166 | 18,324 | 18,154 | 19,520 | 19,542 | 23,735 | 28,179 | 27,801 | 27,875 | 26,440 | 24,245 |
| Total Assets | 31,233 | 19,028 | 19,345 | 19,374 | 20,850 | 20,943 | 25,140 | 29,773 | 29,476 | 29,463 | 28,804 | 27,474 |
| Equity Capital | 199 | 199 | 249 | 224 | 224 | 202 | 202 | 202 | 202 | 202 | 202 | 202 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | — | 746 | -1,003 | 491 | 65 | -96 | 68 | -163 | 1,516 | 684 | 2,102 | -2,654 |
| Cash from Investing Activity + | — | 560 | 493 | 348 | 417 | 454 | 348 | 326 | -150 | 1,420 | -1,299 | 1,166 |
| Cash from Financing Activity + | — | -119 | -245 | -608 | -126 | -605 | -160 | -183 | -218 | -448 | -736 | -931 |
| Net Cash Flow | — | 1,188 | -755 | 231 | 356 | -246 | 257 | -19 | 1,148 | 1,655 | 67 | -2,419 |
| CFO/OP | — | 479 | -507 | 507 | 146 | 43 | 99 | 32 | 228 | 96 | 145 | -74 |
| Free Cash Flow | — | 615 | -1,149 | 311 | -110 | -196 | 26 | -203 | 1,401 | 347 | 1,298 | -2,828 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 11.1% | 11.42% | 12.12% | 11.89% | 12.72% | 12.16% | 11.21% | 11.0% | 11.15% | 11.61% | 11.95% | 12.04% |
| Promoters | 84.83% | 84.83% | 84.83% | 84.83% | 84.83% | 84.83% | 84.83% | 81.22% | 81.22% | 81.22% | 81.22% | 81.22% |
| FII | 3.69% | 3.32% | 2.38% | 2.44% | 1.45% | 1.55% | 2.26% | 2.57% | 1.97% | 1.8% | 1.73% | 1.72% |
| DII | 0.39% | 0.43% | 0.66% | 0.83% | 1.0% | 1.46% | 1.69% | 5.21% | 5.65% | 5.37% | 5.09% | 5.02% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Capital Goods — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Mazagon Dock Shipbuil Ltd (this stock) | 88,727 | 31.0 | 9.09 | 29.2% |
| Ashok Leyland Ltd | 92,660 | 24.9 | 6.53 | 27.4% |
| Apar Industries Ltd. | 75,408 | 62.6 | 13.41 | 20.3% |
| Welspun Corp Limited | 72,070 | 31.2 | 7.87 | 19.4% |
| Waaree Energies Limited | 71,798 | 17.8 | 4.97 | 32.5% |
| Ge Vernova T&d India Ltd | 110,093 | 590.0 | 102.41 | 18.6% |
| Apl Apollo Tubes Ltd | 60,974 | 49.7 | 11.5 | 25.4% |
Which Mutual Funds Hold Mazagon Dock Shipbuil Ltd?
Frequently Asked Questions about Mazagon Dock Shipbuil Ltd
Mazagon Dock Shipbuil Ltd (MAZDOCK) closed at ₹2,199.6 on NSE on 25 September 2026, down 2.4 (0.11%) from the previous close.
Mazagon Dock Shipbuil Ltd trades on the NSE (National Stock Exchange of India) under the symbol MAZDOCK.
Mazagon Dock Shipbuil Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 31.0.
Mazagon Dock Shipbuil Ltd has a dividend yield of 0.82%.
Mazagon Dock Shipbuil Ltd's 52-week high is ₹2,930.0 and its 52-week low is ₹2,057.0.
Mazagon Dock Shipbuil Ltd has a market capitalisation of ₹88,727 crore.
Mazagon Dock Shipbuil Ltd has a TopFund Quality Score of 63/100 (Average), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
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