Is Mazagon Dock overvalued or undervalued?

As of August 10, 2023, Mazagon Dock Shipbuilders Ltd. is considered overvalued with high valuation ratios (PE of 56.89, Price to Book of 17.29, EV/EBITDA of 58.83) compared to its peers, despite a strong past year return of 114.11%.

As of 10 August 2023, the valuation grade for Mazagon Dock Shipbuilders Ltd. has moved from very attractive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued based on its high valuation ratios. The PE ratio stands at 56.89, the Price to Book Value is 17.29, and the EV to EBITDA ratio is 58.83, all of which are considerably elevated compared to industry norms.<BR><BR>In comparison to its peers, Mazagon Dock's valuation appears excessive, especially when looking at similar companies. For instance, while Mazagon Dock has a PE ratio of 56.89, other peers may have significantly lower ratios, suggesting that investors are paying a premium for its stock. Additionally, despite a strong return of 114.11% over the past year, which outpaces the Sensex's 7.55%, the current high valuation metrics indicate that the stock may not sustain such performance moving forward.

What does Mazagon Dock do?

Mazagon Dock Shipbuilders Ltd is a leading Indian defense company specializing in the construction and repair of ships and submarines. As of March 2025, it reported net sales of ₹3,174 crore and a net profit of ₹325 crore, with a market cap of ₹137,165 crore.

Overview:<BR>Mazagon Dock Shipbuilders Ltd is a leading Defence Public Sector Undertaking engaged in the building and repairing of ships, submarines, and various types of vessels in the Aerospace & Defense industry, categorized as a Large Cap company.<BR><BR>History:<BR>Mazagon Dock Shipbuilders Ltd was incorporated on February 26, 1934, in Mumbai. The company was formerly known as Mazagon Dock Limited. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 3,174 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 325 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 137,165 Cr (Large Cap) <BR><BR>Key Metrics:<BR>P/E: 57.00 <BR>Industry P/E: 63 <BR>Dividend Yield: 0.60% <BR>Debt Equity: -2.03 <BR>Return on Equity: 30.40% <BR>Price to Book: 17.42 <BR><BR>Contact Details:<BR>Details: No Company Details Available <BR>Registrar Address: Not available.

Who are in the management team of Mazagon Dock?

As of March 2022, the management team of Mazagon Dock includes Vice Admiral Narayan Prasad (Chairman & Managing Director), Sanjeev Singhal (CMD & Director of Finance), and several other directors and non-official directors overseeing the company's operations and strategy.

As of March 2022, the management team of Mazagon Dock includes:<BR><BR>1. Vice Admiral Narayan Prasad - Chairman & Managing Director<BR>2. Jasbir Singh - Director<BR>3. Sanjeev Singhal - CMD & Director (Finance)<BR>4. Biju George - Director (Ship building)<BR>5. Mallikarjunarao Bhyrisetty - Non Official Director<BR>6. Neeru Singh Jagjeet Kaur - Non Official Director<BR>7. Shambhuprasad B Tundiya - Non Official Director<BR>8. Cdr. Vasudev Ranganath Puranik - Director (Corporate Planning)<BR>9. Madhavi Kulkarni - Company Secretary & Compliance Officer<BR><BR>This team oversees the strategic and operational aspects of the company.

When is the next results date for Mazagon Dock?

No Upcoming Board Meetings

Who are the peers of the Mazagon Dock?

Mazagon Dock's peers include Hind.Aeronautics, Bharat Electron, Bharat Dynamics, Cochin Shipyard, and others. Key insights show excellent management and capital structures at Hind.Aeronautics and Bharat Electron, with Bharat Electron leading in 1-year returns at 24.48%, while Mazagon Dock's return is 14.97%.

Peers: The peers of Mazagon Dock are Hind.Aeronautics, Bharat Electron, Bharat Dynamics, Cochin Shipyard, Garden Reach Sh., Zen Technologies, Data Pattern, Astra Microwave, Mishra Dhatu Nig, and Paras Defence.<BR><BR>Quality Snapshot: Excellent management risk is observed at Hind.Aeronautics, Bharat Electron, and Mazagon Dock, while Good management risk is found at Bharat Dynamics, Cochin Shipyard, Garden Reach Sh., Zen Technologies, Data Pattern, Astra Microwave, Mishra Dhatu Nig, and Paras Defence. For Growth, Excellent growth is seen at Hind.Aeronautics, Bharat Electron, Garden Reach Sh., and Zen Technologies, while Below Average growth is noted at Bharat Dynamics and Cochin Shipyard, and the rest have Good growth. In terms of Capital Structure, Excellent capital structure is present at Hind.Aeronautics, Bharat Electron, Mazagon Dock, Bharat Dynamics, Cochin Shipyard, and the rest have Good or Below Average capital structures.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Bharat Electron at 24.48%, while the lowest is Cochin Shipyard at -29.31%. Mazagon Dock's 1-year return is 14.97%, which is higher than Cochin Shipyard but lower than Bharat Electron. Additionally, Cochin Shipyard and Mishra Dhatu Nig have negative six-month returns.

Who are the top shareholders of the Mazagon Dock?

The top shareholder of Mazagon Dock is The President of India, holding 84.83% of the shares. Individual investors own 9.56%, mutual funds hold 1.34%, and foreign institutional investors possess 2.26%.

The top shareholders of Mazagon Dock are primarily the promoters, with The President of India holding the largest stake at 84.83%. There are no pledged promoter holdings, and individual investors collectively hold 9.56% of the shares. Additionally, 28 mutual fund schemes own 1.34%, and 156 foreign institutional investors (FIIs) hold 2.26% of the company's shares. There are no significant public shareholders listed.

How big is Mazagon Dock?

As of 24th July, Mazagon Dock Shipbuilders Ltd has a market capitalization of 118,190.00 Cr, with net sales of 11,431.88 Cr and a net profit of 2,413.51 Cr for the latest four quarters. Shareholder's funds are 6,243.47 Cr and total assets amount to 28,849.01 Cr as of March 2024.

As of 24th July, <BR><BR>Mazagon Dock Shipbuilders Ltd has a market capitalization of 118,190.00 Cr, categorizing it as a Large Cap company.<BR><BR>For the latest four quarters, the company reported Net Sales of 11,431.88 Cr and a Net Profit of 2,413.51 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 6,243.47 Cr and Total Assets totaling 28,849.01 Cr.

Are Mazagon Dock latest results good or bad?

Mazagon Dock's latest Q2 FY26 results are strong, with a net profit of ₹749.48 crores, a 65.76% increase from the previous quarter, and improved operating margins. The company's zero-debt status and strong cash flow further enhance its positive performance, although high stock valuation may pose risks for new investors.

Mazagon Dock's latest results for Q2 FY26 are quite strong, indicating a positive performance overall. The company reported a net profit of ₹749.48 crores, which represents a significant increase of 65.76% compared to the previous quarter. Year-on-year, this reflects a growth of 28.10%. <BR><BR>Additionally, net sales rose by 11.57% quarter-on-quarter to ₹2,929.24 crores, and the operating margin improved to 23.71%, up from 11.49% in the previous quarter. This margin expansion highlights enhanced operational efficiency and a favorable project mix.<BR><BR>The company's financial health is further underscored by its zero-debt status, strong return on equity of 30.40%, and robust cash generation, with operating cash flow reaching a record ₹2,078.05 crores in FY25. <BR><BR>While the long-term outlook remains positive due to India's focus on defense modernization, the stock is currently trading at a high valuation, which may pose some risks for new investors. Overall, the recent results indicate a solid operational turnaround and strong profitability metrics, making the latest performance good for Mazagon Dock.

Has Mazagon Dock declared dividend?

Mazagon Dock Shipbuilders Ltd has declared a dividend of 120%, amounting to ₹2.7 per share, with an ex-date of November 4, 2025. The company has demonstrated strong total returns across various periods, particularly over the long term.

Mazagon Dock Shipbuilders Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 120%<BR>- Amount per share: 2.7<BR>- Ex-date: 04 Nov 25<BR><BR>Dividend Yield: 0.62%<BR><BR>Total Returns by Period:<BR>In the last 3 months, the price return was 2.0%, the dividend return was 0.31%, resulting in a total return of 2.31%.<BR><BR>Over the past 6 months, the price return was -8.38%, the dividend return was 0.29%, leading to a total return of -8.09%.<BR><BR>In the last year, the price return was 38.28%, the dividend return was 0.58%, culminating in a total return of 38.86%.<BR><BR>For the 2-year period, the price return was 169.97%, the dividend return was 6.22%, resulting in a total return of 176.19%.<BR><BR>In the 3-year span, the price return was 766.01%, the dividend return was 19.52%, leading to a total return of 785.53%.<BR><BR>Over the last 4 years, the price return was 2058.79%, the dividend return was 63.69%, culminating in a total return of 2122.48%.<BR><BR>In the 5-year period, the price return was 3223.21%, the dividend return was 103.60%, resulting in a total return of 3326.81%.<BR><BR>Overall, Mazagon Dock has declared a significant dividend and has shown impressive total returns across all periods, particularly over the longer term, indicating strong performance and shareholder value.

How has been the historical performance of Mazagon Dock?

Mazagon Dock has demonstrated significant growth in financial performance, with net sales rising from 4,917.92 crore in March 2020 to 11,431.88 crore in March 2025, alongside increased profits and improved operational efficiency, culminating in a profit after tax of 2,277.34 crore and a strong PAT margin of 19.92%. The company's total assets were reported at 28,029.45 crore, with a positive cash flow from operating activities of 2,078 crore.

Answer:<BR>The historical performance of Mazagon Dock shows significant growth in net sales and profits over the past few years, culminating in a net sales figure of 11,431.88 crore for the year ending March 2025, up from 9,466.58 crore in March 2024 and 7,827.18 crore in March 2023. The total operating income has followed a similar upward trend, reaching 11,431.88 crore in March 2025. Operating profit (PBDIT) also increased to 3,200.92 crore in March 2025 from 2,513.08 crore in the previous year, indicating improved operational efficiency. Profit before tax rose to 3,061.66 crore, while profit after tax reached 2,277.34 crore, reflecting a strong PAT margin of 19.92% for March 2025. The company’s total assets were reported at 28,029.45 crore, with total liabilities slightly decreasing to 28,029.45 crore from 28,849.01 crore in March 2024. Cash flow from operating activities improved significantly to 2,078 crore in March 2025, contributing to a net cash inflow of 66 crore.<BR><BR>Breakdown:<BR>Mazagon Dock's financial performance has shown a robust upward trajectory, particularly in net sales, which increased from 4,917.92 crore in March 2020 to 11,431.88 crore in March 2025. This growth is mirrored in total operating income, which reached the same figure as net sales in March 2025. The company has effectively managed its expenditures, resulting in an operating profit (PBDIT) that rose from 817.81 crore in March 2020 to 3,200.92 crore in March 2025. Profit before tax also saw a substantial increase, climbing from 727.48 crore in March 2020 to 3,061.66 crore in March 2025, while profit after tax surged to 2,277.34 crore, showcasing a consistent improvement in profitability. The total assets of Mazagon Dock stood at 28,029.45 crore in March 2025, with total liabilities decreasing slightly, indicating a stable financial position. Cash flow from operating activities has significantly improved, highlighting the company's ability to generate cash effectively, culminating in a positive net cash inflow for the year.

Is Mazagon Dock technically bullish or bearish?

As of December 2, 2025, Mazagon Dock's technical trend has shifted to a bearish stance with moderate strength, driven by bearish MACD and moving averages, despite some divergence indicated by the monthly outlook.

As of 2 December 2025, the technical trend for Mazagon Dock has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly timeframe, bearish moving averages on the daily timeframe, and a mildly bearish KST on the weekly. The Bollinger Bands indicate a bearish trend on the weekly, while the monthly shows a mildly bullish stance, suggesting some divergence. Overall, the combination of these indicators points to a bearish outlook in the near term.

Should I buy, sell or hold Mazagon Dock?

Why is Mazagon Dock falling/rising?

As of 21-Dec, Mazagon Dock Shipbuilders Ltd's stock price is rising to 2,409.65, influenced by recent gains and positive sector performance. However, it remains below moving averages and has shown negative trends over the past month and year, indicating potential caution for investors.

As of 21-Dec, Mazagon Dock Shipbuilders Ltd's stock price is rising, currently at 2,409.65, with a change of 51.4 (2.18%) upward. This increase can be attributed to a couple of factors. Firstly, the stock has been gaining for the last two days, showing a return of 2.27% during this period. Additionally, the overall shipbuilding sector has performed well, gaining 2.35%, which likely contributes to the positive movement in Mazagon Dock's stock price.<BR><BR>However, it is important to note that despite the recent gains, the stock is trading lower than its moving averages across various time frames (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a potential underlying weakness. Furthermore, the stock has experienced a decline of 13.29% over the past month and a return of -4.36% over the last year, suggesting that while there may be short-term upward movement, the longer-term trend has been negative.<BR><BR>Investor participation has also been falling, with a decrease in delivery volume by 6.78% against the 5-day average, which could indicate waning interest among investors. Despite the company's strong long-term fundamentals, including a solid return on equity and healthy growth rates, the recent flat results and declining profits may weigh on investor sentiment.<BR><BR>In summary, while the stock is currently rising due to recent gains and sector performance, the broader context of declining performance metrics and investor participation suggests caution moving forward.

Why is Mazagon Dock falling/rising?

As of 22-Dec, Mazagon Dock Shipbuilders Ltd's stock price is rising to 2,545.40, up 5.63%, driven by strong investor interest and positive sector performance. Despite some recent profit declines, the company's solid fundamentals and a year-to-date return of 14.25% support the upward trend.

As of 22-Dec, Mazagon Dock Shipbuilders Ltd's stock price is rising, currently at 2,545.40, reflecting an increase of 135.75 (5.63%). This upward movement can be attributed to several factors. The stock has been gaining for the last three days, with a total return of 8.04% during this period. Additionally, the overall sector of Ship Building has experienced a gain of 6.44%, which likely contributes to the positive sentiment surrounding the stock.<BR><BR>Investor participation has also increased, as indicated by a significant rise in delivery volume, which was up by 110.04% compared to the five-day average. This suggests heightened interest and confidence among investors. Furthermore, the stock's performance over the year has been strong, with a year-to-date return of 14.25%, outperforming the Sensex, which has returned 9.51% in the same timeframe.<BR><BR>Despite some negative factors, such as a flat result in the September quarter and a decline in profits over the past year, the company's strong long-term fundamentals, including a healthy return on equity of 24.55% and consistent growth in net sales, support the stock's rising price. The stock's current price is also higher than its five-day moving averages, indicating a positive short-term trend. Overall, these factors contribute to the stock's recent rise.

Why is Mazagon Dock Shipbuilders Ltd falling/rising?

As of 23-Dec, Mazagon Dock Shipbuilders Ltd's stock price is at 2,511.65, down 1.33% after a trend reversal. Despite a year-to-date increase, the stock has declined 8.42% over the past month due to weak quarterly results and a high valuation compared to peers, contributing to negative sentiment and selling pressure.

As of 23-Dec, Mazagon Dock Shipbuilders Ltd's stock price is falling, currently at 2,511.65, reflecting a decrease of 33.75 points or 1.33%. This decline follows a trend reversal after three consecutive days of gains. The stock has underperformed its sector by 0.36% today, indicating a weaker performance relative to its peers.<BR><BR>Over the past month, the stock has experienced a significant decline of 8.42%, despite a year-to-date increase of 12.74%. The recent drop in price can be attributed to flat results reported for the quarter ending September 25, where the profit after tax (PAT) for the first nine months showed a decline of 21.46%. Additionally, while the stock has a strong long-term fundamental strength, evidenced by an average return on equity (ROE) of 24.55% and healthy growth in net sales, it is currently trading at a premium compared to its peers, with a price-to-book value of 11.4. This expensive valuation may be contributing to the selling pressure.<BR><BR>Furthermore, the stock's moving averages indicate that it is currently lower than the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Although there has been rising investor participation, with a notable increase in delivery volume, the overall sentiment appears to be negative, leading to the current decline in stock price.

Why is Mazagon Dock Shipbuilders Ltd falling/rising?

As of 24-Dec, Mazagon Dock Shipbuilders Ltd's stock price is rising to 2,540.70, driven by strong investor participation and outperforming both the benchmark Sensex and its sector. Despite some profit concerns, the stock shows solid long-term fundamentals and consistent returns, boosting investor confidence.

As of 24-Dec, Mazagon Dock Shipbuilders Ltd's stock price is rising, currently at 2,540.70, with a change of 29.05 (1.16%) upward. This increase can be attributed to several factors. Over the past week, the stock has outperformed the benchmark Sensex, gaining 7.84% compared to the Sensex's 1.00%. Additionally, today's performance has shown that the stock has outperformed its sector by 1.03%.<BR><BR>Investor participation has also increased, with a delivery volume of 3.46 lacs on 23 December, which is a 30.37% rise against the 5-day average delivery volume. The stock's liquidity is adequate for trading, with a value of Rs 5.82 crore based on 2% of the 5-day average traded value. Furthermore, the stock has demonstrated strong long-term fundamental strength, with an average Return on Equity (ROE) of 24.55% and significant growth in net sales and operating profit.<BR><BR>Despite some concerns regarding flat results in September and a decline in profits, the overall performance metrics, including consistent returns over the last three years and a substantial increase in stock value over longer periods, suggest that investor confidence remains strong, contributing to the stock's rising price.

Why is Mazagon Dock Shipbuilders Ltd falling/rising?

As of 25-Dec, Mazagon Dock Shipbuilders Ltd's stock price is rising to 2,540.70, reflecting a 1.16% increase. This growth is driven by strong recent performance, increased investor interest, and solid long-term fundamentals despite some profit concerns.

As of 25-Dec, Mazagon Dock Shipbuilders Ltd's stock price is rising, currently at 2,540.70, reflecting a change of 29.05 (1.16%) upwards. This increase can be attributed to several factors. The stock has shown strong performance over the past week, with a return of +7.84%, significantly outperforming the Sensex, which only increased by +1.00%. Furthermore, the stock has demonstrated impressive long-term growth, with a year-to-date return of +14.04%, compared to the Sensex's +9.30%. <BR><BR>Today's trading activity also indicates positive momentum, as the stock outperformed its sector by 1.03% and reached an intraday high of Rs 2562.9, marking a 2.04% increase. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 30.37% against the 5-day average, indicating heightened interest in the stock. <BR><BR>The company maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 24.55% and significant growth in net sales and operating profit. Despite some concerns regarding flat results in September and a decline in profits over the past year, the overall performance metrics and investor interest suggest a positive outlook, contributing to the stock's rise.

Which are the latest news on Mazagon Dock?

Which are the latest news on Mazagon Dock?