Mazagon Dock Shipbuilders Limited

BSE: MAZDOCK543237ISIN INE249Z01020

Industrials
Ship Building & Allied Services
BSE 200

BSE listing

Share price

₹2,252.00+35.15 (+1.59%)

as of 18 Sep 2026

52W high: ₹3,061.00
52W low: ₹2,057.40
Off 52W high: -26.43%
1M return: -11.58%
3M return: -10.43%
6M return: -3.09%
1Y return: -24.52%
20D avg volume: 68,752
50 DMA: ₹2,431.21
200 DMA: ₹2,452.23

Key ratios Consolidated

Market cap: ₹90,841 Cr
Current price: ₹2,252.00
52W high / low: ₹3,061.00 / ₹2,057.40
Face value: ₹5.00
P/E: 31.83
P/B: —
EPS (TTM): ₹70.75
Book value / share: —
ROE: —
ROCE: 28.50%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹-2,291 Cr
Interest cover: 46.23
Dividend yield: 0.93%
Dividend / share (TTM): ₹20.83
Payout: 29.44%
Cash conversion cycle: 19.9 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	2,943	3,850	3,601	2,929	2,626	3,174	3,144	2,757	2,357	3,104	2,362	1,828
	313.18	283.38	261.81	270.63	289.31	309.51	286.44	254.28	271.00	348.72	268.61	251.48
	2,569	3,340	2,743	2,266	2,348	3,114	2,367	2,271	1,739	2,604	1,845	1,673
	949.03	1,826	1,720	1,201	891.22	1,083	973.30	1,368	1,106	1,728	987.24	932.97
	597.18	572.18	361.19	499.31	0.00	352.72	—	—	—	—	—	—
	289.10	212.75	250.60	223.34	249.82	277.84	242.33	231.34	227.24	225.71	222.34	230.59
	44.34	10.01	5.95	7.82	1.09	1.11	1.11	1.09	1.09	1.27	1.29	1.27
	28.97	22.88	23.21	23.53	23.06	28.60	39.86	23.35	23.38	22.93	20.27	20.19
	660.81	696.88	381.94	311.21	1,183	1,371	93.56	71.52	76.51	64.04	65.44	36.83
	686.45	793.38	1,120	933.94	566.85	369.81	1,063	740.49	888.79	848.64	786.23	406.64
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	686.45	793.38	1,120	933.94	566.85	369.81	1,063	740.49	888.79	848.64	786.23	406.64
	174.41	160.57	282.50	224.07	147.57	79.39	294.35	187.73	222.85	221.79	194.69	102.77
	550.46	674.16	879.78	749.48	452.15	325.29	807.04	585.08	696.10	662.97	626.78	332.88
	13.62	16.84	21.81	18.58	11.21	8.06	20.01	29.01	34.51	32.87	31.08	16.50
Key metrics
	759.76	826.27	1,149	965.29	591.00	399.52	1,104	764.93	913.26	872.84	807.79	428.10
	25.80%	21.50%	31.90%	33.00%	22.50%	12.60%	35.10%	27.70%	38.70%	28.10%	34.20%	23.40%
	18.70%	17.50%	24.40%	25.60%	17.20%	10.20%	25.70%	21.20%	29.50%	21.40%	26.50%	18.20%
	—	6.90%	—	9.10%	—	4.20%	—	—	—	—	—	—
	12.10%	21.30%	14.60%	6.30%	11.40%	2.30%	33.10%	50.80%	—	—	—	—
	21.70%	107.20%	9.00%	28.10%	-35.00%	-50.90%	28.80%	75.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21
Income statement
	13,323	13,006	11,432	9,467	7,827	5,733	4,048
	1,129	1,139	1,121	1,101	686.83	410.27	574.10
	10,919	10,909	9,491	8,143	7,111	5,380	3,892
	5,696	5,700	4,531	5,082	4,446	2,693	1,882
	2,030	1,639	1,152	—	—	—	—
	975.79	982.76	978.75	896.55	792.71	798.73	652.81
	68.12	71.57	4.40	5.12	6.37	7.16	8.36
	98.59	96.67	115.19	83.13	75.58	74.51	59.65
	2,051	2,419	2,711	204.71	219.92	—	—
	3,533	3,237	3,062	2,425	1,403	763.30	729.96
	0.00	0.00	0.00	0.00	0.00	-13.97	-126.14
	3,533	3,237	3,062	2,425	1,403	749.33	603.82
	841.55	814.84	784.32	615.95	356.61	186.22	150.35
	2,854	2,578	2,414	1,937	1,119	610.84	513.86
	70.85	64.04	59.83	96.04	55.48	30.29	25.48
Key metrics
	3,700	3,405	3,181	2,513	1,485	831.00	671.83
	27.77%	26.20%	27.80%	26.50%	19.00%	14.50%	16.60%
	21.42%	19.80%	21.10%	20.50%	14.30%	10.70%	12.70%
	—	28.50%	34.50%	—	—	—	—
	—	13.80%	20.80%	20.90%	36.50%	41.60%	—
	—	6.80%	24.60%	73.10%	83.20%	18.90%	—
	—	-2,955	1,335	—	—	—	—
	—	-1.12	0.86	—	—	—	—
	—	0.04	0.00	—	—	—	—
	—	-2,291	-5,285	—	—	—	—
	—	19.9	59.6	—	—	—	—
Balance sheet
	—	27,458	28,708	—	—	—	—
	—	22,255	24,714	—	—	—	—
	—	2,731	5,285	—	—	—	—
	—	2,606	1,067	—	—	—	—
	—	2,617	4,537	—	—	—	—
	—	3,524	2,673	—	—	—	—
	—	2,048	1,444	—	—	—	—
	—	4,513	3,738	—	—	—	—
	—	15,856	19,823	—	—	—	—
	—	440.06	0.00	—	—	—	—
	—	368.03	0.00	—	—	—	—
	—	72.03	0.00	—	—	—	—
	—	9,984	7,940	—	—	—	—
Cash flow
	—	-2,891	2,078	—	—	—	—
	—	1,209	-1,299	—	—	—	—
	—	-737.91	-712.04	—	—	—	—
	—	64.05	743.14	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	2,771	3,684	3,601	2,929	2,626	3,174	3,144	2,757	2,357	3,104	2,362	1,828
	309.76	281.23	261.81	276.13	289.31	346.06	286.44	265.27	271.00	376.20	268.61	260.55
	2,397	3,340	2,743	2,266	2,348	3,114	2,367	2,271	1,739	2,604	1,845	1,673
	918.75	1,826	1,720	1,201	891.22	1,083	973.30	1,368	1,106	1,728	987.24	932.97
	595.08	572.18	361.19	499.31	0.00	352.72	—	—	—	—	—	—
	226.44	212.75	250.60	223.34	249.82	277.84	242.33	231.34	227.24	225.71	222.34	230.59
	35.68	10.01	5.95	7.82	1.09	1.11	1.11	1.09	1.09	1.27	1.29	1.27
	23.20	22.88	23.21	23.53	23.06	28.60	39.86	23.35	23.38	22.93	20.27	20.19
	597.48	696.88	381.94	311.21	1,183	1,371	93.56	71.52	76.51	64.04	65.44	36.83
	684.12	624.56	1,120	939.44	566.85	406.36	1,063	751.48	888.79	876.12	786.23	415.71
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	684.12	624.56	1,120	939.44	566.85	406.36	1,063	751.48	888.79	876.12	786.23	415.71
	174.41	160.57	282.50	224.07	147.57	79.39	294.35	187.73	222.85	221.79	194.69	102.77
	509.71	463.99	837.13	715.37	419.28	326.97	768.22	563.75	665.94	654.33	591.54	312.94
	12.64	11.50	20.75	17.73	10.39	8.11	19.04	27.95	33.02	32.44	29.33	15.52
Key metrics
	743.00	657.45	1,149	970.79	591.00	436.07	1,104	775.92	913.26	900.32	807.79	437.17
	26.80%	17.80%	31.90%	33.10%	22.50%	13.70%	35.10%	28.10%	38.70%	29.00%	34.20%	23.90%
	18.40%	12.60%	23.20%	24.40%	16.00%	10.30%	24.40%	20.40%	28.30%	21.10%	25.00%	17.10%
	—	6.10%	—	10.00%	—	5.00%	—	—	—	—	—	—
	5.50%	16.00%	14.60%	6.30%	11.40%	2.30%	33.10%	50.80%	—	—	—	—
	21.60%	41.90%	9.00%	26.90%	-37.00%	-50.00%	29.90%	80.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21
Income statement
	12,985	12,840	11,432	9,467	7,827	5,733	4,048
	1,129	1,143	1,169	1,138	713.48	433.63	600.20
	10,746	10,732	9,491	8,143	7,111	5,380	3,892
	5,666	5,638	4,531	5,082	4,446	2,693	1,882
	2,028	1,637	1,152	—	—	—	—
	913.13	936.51	978.75	896.55	792.71	798.73	652.81
	59.46	59.14	4.40	5.12	6.37	7.16	8.36
	92.82	92.68	115.19	83.13	75.58	74.51	59.65
	1,988	2,369	2,711	204.71	219.92	—	—
	3,368	3,250	3,109	2,461	1,429	786.66	756.06
	0.00	0.00	0.00	—	—	-13.97	-126.14
	3,368	3,250	3,109	2,461	1,429	772.69	629.92
	841.55	814.71	784.32	615.95	356.61	186.22	150.35
	2,526	2,436	2,325	1,845	1,073	586.47	479.57
	62.62	60.38	57.63	91.50	53.19	29.08	23.78
Key metrics
	3,520	3,402	3,229	2,550	1,511	854.36	697.93
	27.11%	26.50%	28.20%	26.90%	19.30%	14.90%	17.20%
	19.45%	19.00%	20.30%	19.50%	13.70%	10.20%	11.80%
	—	32.00%	38.30%	—	—	—	—
	—	12.30%	20.80%	20.90%	36.50%	41.60%	—
	—	4.80%	26.00%	72.00%	82.90%	22.30%	—
	—	-3,294	1,335	—	—	—	—
	—	-1.33	0.89	—	—	—	—
	—	0.00	0.00	—	—	—	—
	—	-2,666	-5,285	—	—	—	—
	—	18.1	59.6	—	—	—	—
Balance sheet
	—	25,638	27,949	—	—	—	—
	—	21,757	24,714	—	—	—	—
	—	2,666	5,285	—	—	—	—
	—	2,564	1,067	—	—	—	—
	—	2,556	4,537	—	—	—	—
	—	3,524	2,673	—	—	—	—
	—	1,415	1,444	—	—	—	—
	—	4,485	3,738	—	—	—	—
	—	15,303	19,823	—	—	—	—
	—	0.00	0.00	—	—	—	—
	—	0.00	0.00	—	—	—	—
	—	0.00	0.00	—	—	—	—
	—	8,843	7,181	—	—	—	—
Cash flow
	—	-3,235	2,078	—	—	—	—
	—	1,449	-1,299	—	—	—	—
	—	-834.10	-712.04	—	—	—	—
	—	59.32	743.14	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +17.94%
Sales CAGR 5Y: +25.97%
Sales CAGR 10Y: —
Profit CAGR 3Y: +31.44%
Profit CAGR 5Y: +38.41%
Profit CAGR 10Y: —
Sales YoY (TTM): +10.98%
Profit YoY (TTM): +21.56%

Consolidated

Sales CAGR 3Y: +18.44%
Sales CAGR 5Y: +26.30%
Sales CAGR 10Y: —
Profit CAGR 3Y: +32.08%
Profit CAGR 5Y: +38.07%
Profit CAGR 10Y: —
Sales YoY (TTM): +13.87%
Profit YoY (TTM): +31.54%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 81.22%

Holder	Type	Holding	Previous	Change
The President of India	Promoter	81.22%	—	—
Life Insurance Corporation of India	Public	3.31%	—	—
Qualified Institutional Buyer	Public	0.01%	—	—
Government Departments	Public	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Mazagon Dock Shipbuilders Limited has informed the Exchange regarding signing of MOU with National Shipbuilding & Heavy Industries Park Andhra Pradesh (NSHIPAP).18 Sep 2026 · Company Update / Memorandum of Understanding /Agreements
Mazagon Dock Shipbuilders Limited has informed the Exchange regarding signing of MOU with National Shipbuilding & Heavy Industries Park Maharashtra Limited (NSHIPML).16 Sep 2026 · Company Update / Memorandum of Understanding /Agreements
Mazagon Dock Shipbuilders Limited has informed the Exchange regarding appointment of M/s. Sarda & Pareek LLP, Chartered Accountants as the Statutory Auditors of the Company for the financial ....8 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Mazagon Dock Shipbuilders Limited has informed the Exchange regarding appointment of Mr. K M Ravikumar as Non-Executive Independent Director of the Company w.e.f. 07.09.2026.7 Sep 2026 · Company Update / Change in Management
Mazagon Dock Shipbuilders Limited has informed the Exchange about receipt of an order from MSETCL for AI based comprehensive Infrasecure Project.4 Sep 2026 · Company Update / Award of Order / Receipt of Order
Mazagon Dock Shipbuilders Limited has submitted the Exchange a copy of Scrutinizers report of 93rd Annual General Meeting held on 27 August 2026. Further, the Company has informed the Exchange ....28 Aug 2026 · AGM/EGM / AGM
Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on 27 August 2026.27 Aug 2026 · AGM/EGM / AGM
This is to inform that, Ministry of Defence has appointed Shri K. M. Ravi Kumar as Part-time Non-official (Independent) Director on the Board of the Company w.e.f. date of activation of DIN.24 Aug 2026 · Company Update / General
Mazagon Dock Shipbuilders Limited has informed the Exchange that Record Date for the purpose of Final Dividend for the Financial Year 2025-26 is 20 August 2026.11 Aug 2026 · Corp. Action / Record Date
Mazagon Dock Shipbuilders Limited has informed the Exchange about web-link letter dispatched to the Members for accessing the Annual Report and Notice of the 93rd AGM for the FY 2025-26.5 Aug 2026 · Company Update / General
Mazagon Dock Shipbuilders Limited has informed the Exchange about Copy of Newspaper Publication w.r.t. 93rd Annual General Meeting scheduled to be held on Thursday, 27 August 2026.5 Aug 2026 · Company Update / Newspaper Publication
This is to inform that the Business Responsibility and Sustainability Report for the Financial Year 2025-26 is attached herewith.4 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
This is to inform that the Annual Report for the Financial Year 2025-26 is attached herewith.4 Aug 2026 · Others / Reg. 34 (1) Annual Report
Mazagon Dock Shipbuilders Limited has informed the Exchange regarding notice of the 93rd Annual General Meeting to be held on 27 August 2026.4 Aug 2026 · AGM/EGM / AGM
Mazagon Dock Shipbuilders Limited has informed the Exchange about Newspaper Advertisement regarding Unaudited Financial Results for the quarter ended 30 June 2026.3 Aug 2026 · Company Update / Newspaper Publication
Mazagon Dock Shipbuilders Limited has informed the Exchange about Newspaper Advertisement regarding 93rd Annual General Meeting.31 Jul 2026 · Company Update / Newspaper Publication
The Corporate Investor Presentation on Company''s Performance for the quarter ended on 30 June 2026 is attached herewith.30 Jul 2026 · Company Update / General
The Board of Directors of the Company at their meeting held today, i.e., 30 July 2026, has, inter-alia, approved the Unaudited Financial Results (Standalone & Consolidated) for the quarter ....30 Jul 2026 · Board Meeting / Outcome of Board Meeting
Mazagon Dock Shipbuilders Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2026 ,inter alia, to consider and approve the unaudited Financial ....24 Jul 2026 · Board Meeting / Board Meeting
Mazagon Dock Shipbuilders Limited has informed the Exchange regarding a press release dated July 11, 2026, titled "A New Sentinel for the Seas: INS Mahendragiri Commissioned into the Indian Navy".11 Jul 2026 · Company Update / Press Release / Media Release
This is to inform about the changes in Senior Management of the company due to internal promotions.3 Jul 2026 · Company Update / Change in Management
This is to inform that, the trading window for dealing in securities of the Company by Designated persons and their immediate relatives, shall remain close w.e.f. 01.07.2026 till the end ....25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
This is to inform about a change in Senior Management of the company due to Internal Promotion.15 Jun 2026 · Company Update / Change in Management
Copy of Newspaper Publication of Audited Financial Results (Standalone & Consolidated) for the quarter and year ended 31 March 2026 is attached herewith.4 May 2026 · Company Update / Newspaper Publication
The Corporate Investor Presentation for the quarter and year ended 31 March 2026 is attached herewith.30 Apr 2026 · Company Update / Investor Presentation
Mazagon Dock Shipbuilders Limited has informed the Exchange regarding appointment of Shri. Dinesh Mahur as a Government Nominee Director of the Company in place of Shri. Rajeev Prakash.30 Apr 2026 · Company Update / Change in Directorate
The Board of Directors in its meeting held on 30 April 2026 has recommended a Final Dividend of Rs. 4.62/- per equity share of Rs. 5/- each for the financial year ended 31 March 2026.30 Apr 2026 · Corp Action / Dividend Updates
The Board of Directors of the Company, at its meeting held on 30 April 2026, has inter alia: i. approved the Audited Financial Results (Consolidated and Standalone) for the quarter and ....30 Apr 2026 · Board Meeting / Outcome of Board Meeting
Mazagon Dock Shipbuilders Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/04/2026 ,inter alia, to consider and approve The Audited Financial ....27 Apr 2026 · Board Meeting / Board Meeting
Mazagon Dock Shipbuilders Limited has informed the exchange regarding cessation of Dr. Vivek Atul Bhuskute & Smt. Veni Thapar as Independent Directors of the company w.e.f. April 21, 2026 ....20 Apr 2026 · Company Update / Change in Directorate
Mazagon Dock Shipbuilders Limited has informed the Exchange regarding a press release dated April 03, 2026, titled "Strengthening Maritime Prowess: INS Taragiri Commissioned into the Indian Navy".3 Apr 2026 · Company Update / Press Release / Media Release
This is to inform that the company has concluded further acquisition of 3,66,49,271 fully paid ordinary shares in CDPLC through Mandatory Offer, resulting in total acquisition of 51% stake as on date.27 Mar 2026 · Company Update / General
This is to inform that, the trading window for dealing in securities of the Company by the Designated Persons and their immediate relatives shall remain close w.e.f. 01.04.2026 till the ....26 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
This is to inform that Mazagon Dock Shipbuilders Limited (MDL) has entered into a contract with Shipping Corporation of India Limited (SCI) for the construction and sale of one 3000 DWT ....18 Mar 2026 · Company Update / General
Presentation for Analysts/ Institutional Investors meeting organized by Antique Stock Broking Limited on 11.03.2026 is attached herewith.10 Mar 2026 · Company Update / Investor Presentation
With reference to the subject line, the clarification by the Company is attached herewith.6 Mar 2026 · Company Update / General
This is to inform that, Management of the Company will be meeting Analyst or Institutional Investors in the form of one-to-one meeting or group meeting organized by Antique Stock Broking ....6 Mar 2026 · Company Update / Analyst / Investor Meet
The Exchange has sought clarification from Mazagon Dock Shipbuilders Ltd on March 6, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.6 Mar 2026 · Company Update / Clarification
Clarification with reference to the news appeared in the Business Today dated 05.03.2026 is submitted herewith.5 Mar 2026 · Others
The Exchange has sought clarification from Mazagon Dock Shipbuilders Ltd on March 5, 2026, with reference to news appeared in https://www.businesstoday.in/ dated March 5, 2026 quoting "Mazagon ....5 Mar 2026 · Company Update / Clarification

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 4.6200	20 Aug 2026	20 Aug 2026	—
Interim Dividend - Rs. - 7.5000	13 Feb 2026	13 Feb 2026	—
Interim Dividend - Rs. - 6.0000	4 Nov 2025	4 Nov 2025	—
Final Dividend - Rs. - 2.7100	19 Sep 2025	19 Sep 2025	—
Interim Dividend - Rs. - 3.0000	16 Apr 2025	16 Apr 2025	—
Stock Split From Rs.10/- to Rs.5/-	27 Dec 2024	27 Dec 2024	—
Interim Dividend - Rs. - 23.1900	30 Oct 2024	30 Oct 2024	—
Final Dividend - Rs. - 12.1100	19 Sep 2024	—	—

Board meetings

30 Jul 2026 Board Meeting - Financial Results