What the business is, and whether it's a good one at a fair price.
Mazagon Dock Shipbuilders builds warships and submarines for the Indian Navy from its yard in Mumbai. The order book at end-December 2025 was ₹23,758 cr, anchored by Project 15B destroyers, Project 17A stealth frigates (INS Taragiri and INS Mahendragiri were commissioned into the Navy in 2026) and Project 75 Kalvari Scorpene-class submarines. The Indian Navy currently accounts for 80–90% of work, with the company diversifying into commercial vessels — it signed a contract with Shipping Corporation of India in March 2026 to build a 3,000 DWT methanol dual-fuel platform supply vessel (~₹325 cr), and is planning a greenfield commercial shipyard at Tuticorin (₹5,000 cr phase-1 capex, ₹15,000–18,000 cr total). In early 2026 it also acquired a 51% controlling stake in Colombo Dockyard PLC in Sri Lanka. FY26 revenue from operations was ₹12,840 cr (up 12% YoY) on an EBITDA margin of 26.2%; materials at 43.8% of revenue are the biggest cost line, followed by other operating expenses at 18.6% and employees at 7.6%. Management has guided margins of 12–15% on new project bookings versus the higher recent print, and is targeting an order book in excess of ₹1 lakh crore by FY27.
Measured from the filed financials, judged against its Industrial Manufacturing peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Answered from MAZAGON DOCK SHIPBUIL LTD's filed financials and exchange disclosures
MAZAGON DOCK SHIPBUIL LTD is a Industrial Manufacturing company listed on NSE and BSE, trading under the symbol MAZDOCK.
Yes. Over the trailing twelve months MAZAGON DOCK SHIPBUIL LTD reported a net profit of ₹2,854 Cr on revenue of ₹13,323 Cr.
Yes. The dividend yield is 0.82% at the current price. It paid out 30% of its profit as dividend in FY26.
Effectively yes. It holds ₹2,291 Cr more cash than debt. Debt stands at 0.04× equity.
On trailing P/E, MAZAGON DOCK SHIPBUIL LTD ranks 85 of 147 in Industrial Manufacturing — cheaper than 43% of them, against an industry median of 26.9×. This is a position, not a valuation judgement.
On a typical session MAZAGON DOCK SHIPBUIL LTD moves 0.97% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by MAZAGON DOCK SHIPBUIL LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
