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Mazagon Dock Shipbuilders Ltd.

1,755.05−123.95 (−6.60%)

BSE · 27 Oct, 4:01 PM

: ₹75,795.10 Cr
: 26.52
: 3,40,745
: ₹1,935.00 - ₹1,691.10
: ₹2,882.85 - ₹1,838.80

Mazagon Dock Shipbuilders Ltd. (MAZDOCK) share price closed at ₹1,755.05 on the BSE on Tuesday, October 27, 2026, down by 6.60% from its of ₹1,879.00. In that session MAZDOCK reached a of 1,935.00 and of 1,691.10. The for the session was 1,765.99. The stands at 2,282.73 and is at 2,398.80. Looking at , the stock ended the session in Downtrend.

Stock Overview

₹1,886.90

₹1,879.00

₹1,765.99

₹2,282.73

Price 23.12% below

₹2,398.80

Price 26.84% below

Key Fundamentals

: 75,795.10 Cr₹75.80 Thousand Crore
: 70.85
: 26.52
: 7.38
: 254.52
: 3,700.11 Cr
: 0.96 %
Sector
Industry: Ship Building
: 27.37
: 0.05

Industry Comparison

Ratio	Company	Sector
	26.52	43.90
	0.05	0.19
	7.38	7.38
	1.40	1.33
	0.96 %	0.79 %
Operating Margin	15.90 %	16.53 %

Sector figures are the median of 4 listed Ship Building companies.

Peer Comparison

Name
Mazagon Dock Shipbuilders Ltd. MAZDOCK	1,755.05	26.52	75,795.10	0.96	346.40	-53.78%	2,446.09	-16.49%	36.51
COCHINSHIP COCHINSHIP	1,124.00	43.90	29,570.28	0.79	151.45	-19.37%	1,094.21	2.40%	17.60
KMEW KMEW	3,240.00	64.26	8,218.04	0.00	62.75	466.05%	115.41	138.09%	16.39
GRSE GRSE	1,931.50

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	2,357.02	2,756.83	3,143.62	3,174.41	2,625.59	2,929.24	3,601.09	3,850.39	2,942.70	2,446.09
Expenses	1,714.76	2,246.18	2,326.52	3,055.07	2,323.90	2,234.58	2,714.11	3,307.50	2,496.12	2,246.92
	642.26	510.65	817.10	119.34	301.69	694.66	886.98	542.89	446.58	199.17
	27.25%	18.52%	25.99%	3.76%	11.49%	23.71%	24.63%	14.10%	15.18%	8.14%
	271.00	257.84	290.69	286.79	323.58	271.32	261.81	283.38	313.18	250.97
Interest	1.09	4.65	5.36	7.72	35.36	8.51	5.95	10.01	44.34	20.85
	23.38	23.35	39.86	28.60	23.06	23.53	23.21	22.88	28.97	29.84
	918.95	772.81	1,101.39	404.68	599.72	973.55	1,162.28	834.73	724.87	447.94
	24.25%	24.29%	26.73%	19.62%	24.61%	23.02%	24.31%	19.24%	24.06%	22.67%
	696.10	585.08	807.04	325.29	452.15	749.48	879.78	679.18	549.41	344.11
	34.51	29.01	20.01	8.06	11.21	18.58	21.81	16.84	13.62	8.53

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	5,733.28	7,827.18	9,466.58	11,431.88	13,006.31
Operating Income (Net)	5,733.28	7,827.18	9,466.58	11,431.88	13,006.31
EXPENDITURE :
Increase/Decrease in Stock	-1,801.20	305.58	1,649.60	1,415.00	2,164.01
Raw Material Consumed	4,494.27	4,140.27	3,432.04	3,115.66	3,536.32
Power & Fuel Cost	17.73	19.12	21.11	22.79	27.95
Employee Cost	798.73	792.71	896.55	978.75	982.76
Operating Expenses	1,497.00	1,387.77	1,622.13	2,706.36	3,258.27
General and Administration Expenses	156.77	188.60	177.90	212.77	322.59
Selling and Distribution Expenses	2.78	7.53	6.92	11.47	6.31
Miscellaneous Expenses	124.72	183.09	239.17	908.23	639.98
	5,290.80	7,024.67	8,045.42	9,371.03	10,938.19
Operating Profit (Excl OI)	442.48	802.51	1,421.16	2,060.85	2,068.12
	410.27	686.83	1,101.47	1,143.73	1,339.44
	852.75	1,489.34	2,522.63	3,204.58	3,407.56
Interest	14.94	11.08	14.67	27.73	74.10
PBDT	837.81	1,478.26	2,507.96	3,176.85	3,333.46
	74.51	75.58	83.13	115.19	96.67
Profit Before Taxation & Exceptional Items	763.30	1,402.68	2,424.83	3,061.66	3,236.79
Exceptional Income / Expenses	-13.97
	749.33	1,402.68	2,424.83	3,061.66	3,236.79
Provision for Tax	186.22	356.61	615.95	784.32	814.91
	563.11	1,046.07	1,808.88	2,277.34	2,421.88
Extra items				0.00	0.00
Minority Interest					4.91
Share of Associate	47.73	72.96	128.09	136.17	156.48
Consolidated Net Profit	610.84	1,119.03	1,936.97	2,413.51	2,583.27
Profit Balance B/F	832.99	1,263.02	2,165.60	3,653.47	5,352.63
Appropriations	1,443.83	2,382.05	4,102.57	6,066.98	7,935.90
Equity Dividend %	87.30%	159.60%	274.50%	346.10%	362.40%
	30.29	55.48	96.04	59.83	64.04
Adjusted EPS	15.14	27.74	48.02	59.83	64.04

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	201.69	201.69	201.69	201.69	201.69
Total Reserves	3,655.99	4,558.47	6,041.78	7,738.19	9,553.19
Reserve excluding Revaluation Reserve	3,655.99	4,558.47	6,041.78	7,738.19	9,553.19
Revaluation reserve	0.00		0.00
	3,857.68	4,760.16	6,243.47	7,939.88	9,754.88
Minority Interest					229.13
Unsecured Loans					72.03
Deferred Tax Assets / Liabilities	-446.83	-450.10	-599.80	-678.27	-810.60
Other Long Term Liabilities	146.08	134.29	143.75	140.27	119.25
Long Term Trade Payables	17.73	18.02	17.65	17.73	18.75
Long Term Provisions	564.73	410.85	1,850.71	3,074.17	4,648.21
Total Non-Current Liabilities	281.71	113.06	1,412.31	2,553.90	4,047.64
Trade Payables	6,165.65	4,462.79	4,429.81	3,738.30	4,512.62
Other Current Liabilities	18,903.62	19,502.93	17,997.50	15,784.50	10,728.53
Short Term Borrowings					368.03
Short Term Provisions	114.67	174.13	191.42	300.23	246.36
Total Current Liabilities	25,183.94	24,139.85	22,618.73	19,823.03	15,855.54
Total Liabilities	29,323.33	29,013.07	30,274.51	30,316.81	29,887.19
Gross Block	1,363.62	1,493.57	1,354.70	2,091.00	2,983.40
Less: Accumulated Depreciation	399.00	469.24	516.76	625.28	920.98
Net Block	964.62	1,024.33	837.94	1,465.72	2,062.42
Capital Work in Progress	86.94	61.62	68.24	133.20	251.84
Non Current Investments	542.32	588.60	678.79	765.04	914.78
Long Term Investment	542.32	588.60	678.79	765.04	914.78
Long Term Loans & Advances	1,055.62	1,117.27	2,762.10	3,089.12	4,208.92
Other Non Current Assets	144.39	136.06	135.86	149.92	194.18
Total Non-Current Assets	2,793.89	2,927.88	4,486.32	5,603.00	7,632.14
Inventories	7,700.10	7,356.86	5,713.37	4,537.08	2,616.89
Sundry Debtors	1,005.41	1,002.33	1,846.93	1,067.21	2,605.70
Cash and Bank	11,480.47	13,286.42	14,209.63	16,149.61	13,096.49
Other Current Assets	144.74	225.96	311.76	373.87	416.27
Short Term Loans and Advances	6,198.72	4,213.62	3,706.43	2,585.98	3,519.58
Total Current Assets	26,529.44	26,085.19	25,788.12	24,713.75	22,254.93
Net Current Assets (Including Current Investments)	1,345.50	1,945.34	3,169.39	4,890.72	6,399.39
Total Assets	29,323.33	29,013.07	30,274.51	30,316.81	29,887.19
Contingent Liabilities	53,252.97	28,582.83	38,399.64	39,221.70	28,713.59
Total Debt	0.00	0.00	0.00	0.00	440.06
	191.27	236.01	309.56	196.83	241.83
Adjusted Book Value	95.63	118.01	154.78	196.83	241.83

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	749.33	1,402.68	2,424.83	3,061.66	3,236.79
Adjustment	-275.00	-532.56	-918.96	-159.87	-515.87
Changes In working Capital	-334.51	957.63	-144.96	142.77	-4,389.57
Cash Flow after changes in Working Capital	139.82	1,827.75	1,360.91	3,044.56	-1,668.65
Cash Flow from Operating Activities	-162.63	1,515.60	683.75	2,102.05	-2,653.88
Cash Flow from Investing Activities	326.40	-149.66	3,114.81	-1,298.98	1,165.70
Cash Flow from Financing Activitie	-183.21	-217.99	-448.50	-736.16	-931.22
Net Cash Inflow / Outflow	-19.44	1,147.95	3,350.06	66.91	-2,419.40
Opening Cash & Cash Equivalents	739.91	720.47	1,868.42	5,218.48	5,300.74
Closing Cash & Cash Equivalent	720.47	1,868.42	5,218.48	5,285.39	2,881.34

Ratios

Valuation

26.52

7.38

17.06

5.69

70.85

254.52

Profitability

27.37

36.51

8.05

15.90

18.62

Leverage & Liquidity

0.05

1.40

44.68

Returns

0.96

0.43

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	84.83	84.83	84.83	84.83	81.22	81.22	81.22	81.22	81.22	81.22
	3.27	2.46	3.01	3.96	7.79	7.62	7.17	6.82	6.73	6.82
	11.90	12.72	12.16	11.22	10.99	11.16	11.62	11.95	12.05	11.96
	15.17	15.17	15.17	15.17	18.78	18.78	18.78	18.78	18.78	18.78
No. of Shareholders	4,77,478	6,72,404	6,89,605	6,76,957	7,19,743	7,41,680	7,62,652	8,08,455	8,05,823	7,97,262

Mutual Funds Invested(139)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 37 active funds hold 0.72% in Mazagon Dock Shipbuilders Ltd., contributing to ₹616 Cr of holdings

Fund				As of
HD HDFC Defence Fund - Growth - Direct PlanEquity - Thematic Fund - Other	364.52	3.17	17,25,149	Sep '26
MO Motilal Oswal Nifty India Defence Index Fund - Growth - Direct PlanIndex Funds - Other	216.47	3.98	10,24,469	Sep '26
IP ICICI Prudential Nifty Next 50 Index Fund - Growth - Direct PlanIndex - Nifty Next 50	64.02	0.66	3,02,989	Sep '26
NI Nippon India ETF Nifty Next 50 Junior BeESIndex	56.88	0.66	2,69,178	Sep '26
AB Aditya Birla Sun Life Nifty India Defence Index Fund - Growth - Direct PlanIndex Funds - Other	56.14	3.98	2,65,681	Sep '26
MO Motilal Oswal Nifty India Defence ETFIndex	51.33	3.98	2,42,946	Sep '26
UT UTI Nifty Next 50 Index Fund - Growth - Direct PlanIndex - Nifty Next 50	47.95	0.66	2,26,937	Sep '26
ED Edelweiss Balanced Advantage Fund - Growth - Direct PlanHybrid - Dynamic Asset Allocation	33.24	0.26	1,57,318	Sep '26
NI Nippon India Multi Asset Allocation Fund - Growth - Direct PlanHybrid - Multi Asset Allocation	30.93	0.17	1,46,360	Sep '26
IT ITI Small Cap Fund - Growth - Direct PlanSmall cap Fund	23.66	0.65	1,11,989	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-22	Board Meeting	Quarterly Results & Interim Dividend
2026-08-06	AGM
2026-07-24	Board Meeting	Quarterly Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Ship BuildingShip Building

Mazagon Dock Shipbuilders Ltd. operates in the Ship Building sector under the Ship Building industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

10 members across the board and senior leadership

Lalatendu Acharya

Company Secretary & Compliance Officer

—

Jagmohan

Chairman & Managing Director

₹79.17 L

Mar '26

Dinesh Mahur

Government Nominee Director

—

Biju George

Whole Time Director - Operations

₹1.07 Cr

Mar '26

Vasudev Puranik

Whole Time Director - Corporate Planning & Personnel

₹1.18 Cr

Mar '26

Ruchir Agrawal

Whole Time Director - Finance & CFO

₹79.01 L

Mar '26

Shailesh Bhalachandra Jamgaonkar

Whole Time Director - Technical

₹73.57 L

Mar '26

Kedarnath Gupta

Non Executive Independent Director

₹3.60 L

Mar '26

KM Ravi Kumar

Non-Official Director

—

Kedar Nath Gupta

Non Executive Independent Director

—

MAZDOCK Latest News

News

3 of 3 articles

EQUITY24 Sept 2026 · 16:29

Mazagon Dock Shipbuilders informs about trading window closure

COMPANY18 Sept 2026 · 17:44

Mazagon Dock Shipbuilders signs MoU with NSHIPAP

The MoU aims to participate as the Anchor Shipyard in the proposed Greenfield Shipbuilding Industrial Cluster at Dugarajapatnam, Andhra Pradesh

COMPANY16 Sept 2026 · 15:09

Mazagon Dock Shipbuilders to invest Rs 27,000 crore in greenfield shipbuilding cluster at Dighi

The company has set a target of achieving an annual shipbuilding capacity of at least 2 million gross tonnes

MAZDOCK

₹1,755.05

-6.60%

Mazagon Dock Shipbuilders Ltd.

Stock Overview

Price chart

Peer Comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Valuation

Profitability

Leverage & Liquidity

Returns

Shareholding Pattern

Mutual Funds Invested(139)

Corporate Actions

Insider Trading

Sector Overview

Company Profile

Key Management

MAZDOCK Latest News

News