Mazagoan Dock Shipbuilders financials

·Capital Goods & DefenceChart ›
Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹2,446cr−16.5% on Q2 FY26
Net profit
₹346cr−53.8% on Q2 FY26
EBITDA margin
8.1%−15.6 pts on Q2 FY26
EPS
₹8.53−54.1% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue2,4462,929−16.5%
EBITDA199695−71.3%
EBITDA margin8.1%23.7%−15.6 pts
Profit before tax399934−57.2%
Net profit346749−53.8%
EPS₹8.53₹18.58−54.1%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹2,446 crNet profit₹346 crNet margin14.2%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
69,898————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
6832,7315,2853,5231,868
225229——0.0
4404400.00.00.0
69,879————
12,84013,00611,4329,4677,827
—+13.8%+20.8%+20.9%—
2,0762,2662,0601,412798
16.2%17.4%18.0%14.9%10.2%
1,9712,1691,9451,328722
2,4512,5782,4141,9371,119
19.1%19.8%21.1%20.5%14.3%
₹60.76₹64.04₹59.83₹48.02₹27.74
—+7.0%+24.6%+73.1%—
—−2,8912,078684858
—−64.1−743−103−136
−2,955−2,9551,335581722
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

MAZDOCK₹1,732.80

Mazagoan Dock Shipbuilders Ltd.

· Capital Goods & Defence
₹ CrorePeersCOCHINSHIPGRSEHALTMCVSIEMENSENRINCUMMINSINDABBMcap ₹69,898 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————69,897.7
- Cash, Equiv & ST Investments1,868.43,523.55,285.42,731.4683.2
+ Minority Interest0.0——229.1224.7
+ Total Debt0.00.00.0440.1440.1
Enterprise Value————69,879.2
Revenue7,827.29,466.611,431.913,006.312,840.3
Growth %, YoY—+20.9+20.8+13.8—
EBITDA797.81,411.62,060.02,265.62,075.6
Margin %10.1914.9118.0217.4216.16
EBIT722.21,328.51,944.82,169.01,970.7
Net Income1,119.01,937.02,413.52,578.42,450.8
Margin %14.3020.4621.1119.8219.09
EPS, Adj (current shares)27.7448.0259.8364.0460.76
Growth %, YoY—+73.1+24.6+7.0—
Cash from Operations857.6683.82,078.1-2,890.7—
Capital Expenditures-135.6-103.0-743.1-64.1—
Free Cash Flow722.0580.71,334.9-2,954.8-2,954.8
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Mazagon Dock financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Mazagoan Dock Shipbuilders (NSE: MAZDOCK) had a market capitalisation of ₹71,104 crore at the 29 October 2026 close (₹1,762.70 a share), a PE ratio of 29.0 on the last four quarters' profit and a price-to-book ratio of 6.80. In FY26 its consolidated net profit was ₹2,583 crore on revenue of ₹13,006 crore; in Q2 FY27 (July–September 2026) it was ₹346 crore, down 53.8% year on year. Its debt-to-equity ratio was 0.08 on 30 September 2026. Promoters held 81.22% of the shares on 30 September 2026.

Mazagon Dock Q2 FY27 results
filed 27 October 2026
Share price used
₹1,762.70 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Mazagon Dock at a glance · consolidated

Market cap
₹71,104 Crat ₹1,762.70 · 29 Oct close
PE ratio (last 4 quarters)
29.027.5 on FY26 profit
Price to book (PB)
6.80book value ₹259.29 a share
ROE (FY26)
29.2%−4.8 pts vs FY25ROCE 21.2%
Debt to equity
0.08net cash ₹10,840 Cr
Promoter holding
81.22%unchanged vs 30 Jun 202630 September 2026
Dividend yield
1.03%₹18.12 a share in 12 months
Net worth
₹10,459 Cr+17.4% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
−₹2,955 Cr

Questions

What is the Mazagon Dock PE ratio today?

Mazagon Dock's PE ratio is 29.0 at the 29 October 2026 close (₹1,762.70 a share): a market capitalisation of ₹71,104 crore divided by consolidated net profit of ₹2,455 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹2,583 crore) it is 27.5.

Is Mazagon Dock debt free?

No. Mazagon Dock had borrowings of ₹804 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.08. Its cash and current investments were ₹11,643 crore, so it held net cash of ₹10,840 crore.

What is the Mazagon Dock book value per share?

Mazagon Dock's book value per share was ₹259.29 on 30 September 2026: shareholders' equity of ₹10,459 crore divided by the 40.34 crore shares in issue, up 17.4% from ₹220.89 a year earlier. The share price at the 29 October 2026 close was ₹1,762.70.

What is the Mazagon Dock PB ratio (price to book value)?

Mazagon Dock's price-to-book (PB) ratio is 6.80 at the 29 October 2026 close: a market capitalisation of ₹71,104 crore divided by shareholders' equity (book value) of ₹10,459 crore on 30 September 2026. That is a book value of ₹259.29 per share against a share price of ₹1,762.70.

What is the Mazagon Dock net worth?

Mazagon Dock's net worth — shareholders' equity in its consolidated balance sheet — was ₹10,459 crore on 30 September 2026, up 17.4% from ₹8,910 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹71,104 crore at the 29 October 2026 close.

What is the Mazagon Dock ROE and ROCE?

In FY26, Mazagon Dock's return on equity (ROE) was 29.2% and its return on capital employed (ROCE) was 21.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 34.0% and ROCE 24.8%.

What is the Mazagon Dock market cap?

Mazagon Dock's market capitalisation was ₹71,104 crore at the 29 October 2026 close: 40.34 crore shares at ₹1,762.70 each.

What is the Mazagon Dock debt to equity ratio?

Mazagon Dock's debt-to-equity ratio was 0.08 on 30 September 2026: borrowings of ₹804 crore against total equity of ₹10,684 crore. A year earlier, on 30 September 2025, it was 0.00.

What is the Mazagon Dock EPS?

Mazagon Dock's basic earnings per share (EPS) were ₹64.04 in FY26, against ₹59.83 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹60.80.

What is the Mazagon Dock dividend yield?

Mazagon Dock's dividend yield is 1.03% at the 29 October 2026 close: dividends of ₹18.12 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,762.70. They were ₹4.62 on 20 August 2026, ₹7.50 on 13 February 2026 (interim) and ₹6 on 4 November 2025 (interim).

What are the Mazagon Dock latest quarterly results?

Mazagon Dock's latest results are for Q2 FY27 (July–September 2026), filed on 27 October 2026: consolidated net profit ₹346 crore, down 53.8% from ₹749 crore in Q2 FY26; revenue from operations ₹2,446 crore, down 16.5% year on year.

What is the Mazagon Dock revenue and profit in FY26?

In FY26 (April 2025–March 2026), Mazagon Dock's consolidated net profit was ₹2,583 crore, up 7.0% from ₹2,414 crore in FY25, on revenue from operations of ₹13,006 crore (up 13.8%). Over three years, from FY23, net profit was up 130.9%.

What is the Mazagon Dock dividend in 2026 and its record date?

In 2026, Mazagon Dock has declared three dividends totalling ₹17.12 a share: ₹7.50 (interim) with record date 13 February 2026, ₹4.62 with record date 20 August 2026 and ₹5 (interim) with record date 3 November 2026.

What is the Mazagon Dock free cash flow?

In FY26, Mazagon Dock generated ₹2,891 crore of cash from operations and spent ₹64.1 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹2,955 crore. In FY25 it was ₹1,335 crore.

When are the Mazagon Dock next results?

Mazagon Dock has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

What is the Mazagon Dock promoter holding?

Promoters held 81.22% of Mazagon Dock on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the Mazagon Dock shareholding pattern?

On 30 September 2026, Mazagon Dock's shares were held by promoters 81.22%, foreign portfolio investors (FII/FPI) 1.73%, domestic institutions (DII) 5.09% (including mutual funds at 1.47%) and retail and other non-institutional investors 11.96%. Over the year, FII holding was down 0.24 percentage points from 1.97% and DII holding was down 0.57 percentage points from 5.66%.

How does the Mazagon Dock PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, Mazagon Dock's PE ratio is 27.5, the lowest of the three: Cochin Shipyard 42.4 and HAL 35.7, a peer average of 39.1. Each is the company's market capitalisation at that price divided by its FY26 net profit.

How does Mazagon Dock compare with its peers?

On FY26 consolidated figures, against Cochin Shipyard and HAL: Mazagon Dock's operating margin of 16.7% is the second highest of the three (Cochin Shipyard 13.6%, HAL 25.4%; peer average 19.5%); its return on equity of 29.2% is the highest of the three (Cochin Shipyard 12.5%, HAL 24.0%; peer average 18.3%); its revenue growth over three years of 18.4% a year is the second highest of the three (Cochin Shipyard 28.5% a year, HAL 7.1% a year; peer average 17.8% a year).

Mazagon Dock vs Cochin Shipyard: how do they compare?

In FY26, Mazagon Dock earned net profit of ₹2,583 crore on revenue of ₹13,006 crore, against ₹717 crore on ₹5,022 crore for Cochin Shipyard. Mazagon Dock's operating margin was 16.7% (Cochin Shipyard 13.6%) and its return on equity 29.2% (Cochin Shipyard 12.5%). At the 29 October 2026 close, Mazagon Dock's market capitalisation was ₹71,104 crore against ₹30,407 crore for Cochin Shipyard, and its PE ratio on FY26 profit 27.5 against 42.4.

Where do these Mazagon Dock figures come from?

From Mazagoan Dock Shipbuilders' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.