Mazagon Dock Shipbuilders Ltd Share Price

Aerospace & Defence

NSE: MAZDOCK Large Cap ISIN: INE249Z01020

As on 05 December 2025 at 15:17 IST

₹2,616.20

-25.00

(-0.95%)

Sell Buy

Mazagon Dock Shipbuilders Q1 FY26 Results:

Profit for the period declined 35% to ₹452 crores in Q1 FY26, from ₹696 crores in Q1 FY25. Total income for the quarter increased 11% year-on-year to ₹2915 crores from ₹2628 crores.

About Mazagon Dock Shipbuilders Ltd

Mazagon Dock Shipbuilders Limited (MDL) is a premier shipbuilding company in India. The company specialises in constructing and repairing warships and submarines for the Indian Navy and other clients. It operates in the shipbuilding and defence sectors. The company was established in 1774, making it one of the oldest shipyards in India. With over two centuries of experience, MDL has built a strong reputation for quality and innovation in shipbuilding. The headquarters of Mazagon Dock is in Mumbai, Maharashtra. Mazagon Dock's main products include naval ships and various types of commercial vessels. +

Over 1 Month

-1.56%

Over 6 Months

-22.61%

Over 1 Year

8.23%

Over 3 Years

479.30%

Mazagon Dock Shipbuilders Ltd Summary

Close ₹2,641.20

Open ₹2,618

High ₹2,665

Low ₹2,580

Volume 7,18,508

Net Turnover (in Cr) ₹188.02

52Wk High ₹3,775

52Wk Low ₹1,918.05

52Wk High / Low

1,918.05

3,775

Mazagon Dock Shipbuilders Ltd Fundamentals

Key Financial Data

Market Cap (in Cr) ₹1,06,540.73

EPS (TTM) 55.28

Book Value (BV) 200.39

Div. Yield 0.66 %

P/E (TTM) 47.78

Price/Book Value 13.18

Delivery % 22.81 %

Face Value 5

Key Ratios

PE Ratio 45.87

PB Ratio 14.85

EV to Sales 7.92

PEG Ratio -1.24

ROA 28.61

ROE 36.46

Debt-Equity -

Net Profit Margin 20.34

Operating Profit Margin 28.30

Mazagon Dock Shipbuilders Ltd Financials

Consolidated

Standalone

Yearly

Quarterly

Profit and Loss

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Total Revenue	12,553.11	10,568.05	8,514.01	6,143.55	4,621.92
Total Expenses	9,491.45	8,143.22	7,111.33	5,380.25	3,891.96
Profit Before Tax	3,061.66	2,424.83	1,402.68	749.33	603.82
Profit After Tax	2,277.34	1,808.88	1,046.07	563.11	453.47
Operating Profit After Depreciation	3,066.06	2,429.95	1,409.05	770.46	738.32

Balance Sheet

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Fixed Assets	1,465.72	841.33	1,024.33	964.62	806.85
Total Non Current Assets	3,993.91	3,660.62	3,377.98	3,240.72	3,054.27
Total Current Assets	24,713.81	25,788.19	26,085.19	26,529.44	22,084.24
Total Assets	28,707.72	29,448.81	29,463.17	29,770.16	25,138.51
Total Shareholder's Fund	7,939.88	6,243.47	4,760.16	3,857.68	3,431.71

Cash Flow

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Cash From Operating Activities	2,078.05	683.75	1,515.60	-162.63	68.21
Net Cash Used In Investing Activities	-1,299.10	3,114.81	-149.66	326.40	348.25
Net Cash Used In Financing Activities	-712.04	-448.50	-217.99	-183.21	-159.83

Profit and Loss

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Total Revenue	12,600.65	10,604.60	8,540.66	6,166.91	4,648.02
Total Expenses	9,491.45	8,143.22	7,111.33	5,380.25	3,891.96
Profit Before Tax	3,109.20	2,461.38	1,429.33	772.69	629.92
Profit After Tax	2,324.88	1,845.43	1,072.72	586.47	479.57
Operating Profit After Depreciation	3,113.60	2,466.50	1,435.70	793.82	764.42

Balance Sheet

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Fixed Assets	1,465.72	841.33	1,024.33	964.62	806.85
Total Non Current Assets	3,234.87	2,987.83	2,795.38	2,704.40	2,541.62
Total Current Assets	24,713.81	25,788.19	26,085.19	26,529.44	22,084.24
Total Assets	27,948.68	28,776.02	28,880.57	29,233.84	24,625.86
Total Shareholder's Fund	7,180.84	5,570.68	4,177.56	3,321.36	2,919.06

Cash Flow

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Cash From Operating Activities	2,078.05	683.75	1,515.60	-162.63	68.21
Net Cash Used In Investing Activities	-1,299.10	3,114.81	-149.66	326.40	348.25
Net Cash Used In Financing Activities	-712.04	-448.50	-217.99	-183.21	-159.83

Particulars (in ₹ Cr.)	2025-09	2025-06	2025-03	2024-12	2024-09
Total Revenue	2,929.24	2,625.59	3,174.41	3,143.62	2,756.83
Total Expenses	2,234.58	2,323.90	3,084.40	2,326.52	2,246.18
Profit Before Tax	933.94	566.85	369.81	1,062.57	740.49
Profit After Tax	709.87	419.28	290.42	768.22	552.76
Operating Profit after Depreciation	965.29	625.27	399.52	1,103.54	768.49

Particulars (in ₹ Cr.)	2025-09	2025-06	2025-03	2024-12	2024-09
Total Revenue	2,929.24	2,625.59	3,174.41	3,143.62	2,756.83
Total Expenses	2,234.58	2,323.90	3,084.40	2,326.52	2,246.18
Profit Before Tax	939.44	566.85	406.36	1,062.57	751.48
Profit After Tax	715.37	419.28	326.97	768.22	563.75
Operating Profit after Depreciation	970.79	625.27	436.07	1,103.54	779.48

Mazagon Dock Shipbuilders Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 2,592.47

S2 2,543.73

S3 2,507.47

Pivot 2,628.73

R1 2,677.47

R2 2,713.73

R3 2,762.47

Moving Average

20 SMA 2,716.32

50 SMA 2,776.98

100 SMA 2,799.43

200 SMA 2,830.67

Mazagon Dock Shipbuilders Ltd Corporate Actions

Mazagon Dock Shipbuilders Ltd

₹6.0/Share

Announcement Date 04 Nov 2025

Record Date 04 Nov 2025

Div Yield 120%

AGM Date: 28 Sep 2021

AGM 28/09/2021 Mazagon Dock Shipbuilders Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 22, 2021 to September 28, 2021 (both days inclusive) for the purpose of Payment of Final Dividend & Annual General Meeting (AGM) of the Company to be held on September 28, 2021. (As per BSE Announcement Dated on 8/9/2021) Sub: Annual Report 2020-21 and Notice of the 88th Annual General Meeting of Mazagon Dock Shipbuilders Limited. Dear Sir/Madam, The Eighty Eighth (88th) Annual General Meeting (AGM) of the members of Mazagon Dock Shipbuilders Limited will be held, on Tuesday, September 28, 2021 at 11.00 A.M. (IST) through Video Conferencing (VC)/Other Audio Video Visual Means (OAVM). Pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the Company along with the Notice of the AGM for the financial year 2020-21 which is being sent through electronic mode to the Members of the Company. The Annual Report containing the Notice is also available on the website of the Company at https://mazagondock.in This is for your information and records. (As Per BSE Announcement Dated 03.09.2021) Dear Sir/Madam, 1. Voting results of the business transacted at the AGM of the Company as required under Regulation 44 of the SEBI (LODR) Regulations, 2015, is enclosed as Annexure-A. 2. The Scrutinizer's Report dated 29th September, 2021, pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 is enclosed as Annexure B. This is for your information and records. (As Per BSE Announcement Dated on 29/09/2021)

AGM Date: 27 Sep 2022

AGM 27/09/2022 The Eighty Ninth (89th) Annual General Meeting (AGM) of the members of Mazagon Dock Shipbuilders Limited will be held, on Tuesday, September 27, 2022 at 11.00 A.M. (IST) through Video Conferencing (VC)/Other Audio Video Visual Means (OAVM). Pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the Company along with the Notice of the AGM for the financial year 2021-22 which is being sent through electronic mode to the Members of the Company. The Annual Report containing the Notice is also available on the website of the Company at https://mazagondock.in This is for your information and records. (As Per BSE Announcement dated on 05.09.2022) Dear Sir/Madam, 1. The Eighty Ninth (89th) Annual General Meeting (AGM) of the members of Mazagon Dock Shipbuilders Limited was held, on Tuesday, September 27, 2022 at 11.00 A.M. (IST) through Video Conferencing (VC)/Other Audio Video Visual Means (OAVM), in accordance with MCA and SEBI Circulars, so transact the business as stated in the Notice dated 30 July 2022 convening the AGM. 2. In this regard, please find enclosed the Summary of the proceedings of the AGM of the Company as required under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, at Annexure- I. This is for your information and records. (As Per BSE Announcement dated on 27.09.2022) Dear Sir/Madam, 1. Voting results of the business transacted at the AGM of the Company held on 27 Sep 2022 as required under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached at Annexure A. 2. The Scrutinizer's Report dated 28 Sep 2022 pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules 2014 is enclosed as Annexure B. This is for your information and record. (As Per BSE Announcement Dated on 29/09/2022)

AGM Date: 27 Sep 2023

AGM 27/09/2023 The Ninetieth Annual General Meeting of the members of Mazagon Dock Shipbuilders Limited was held on Wednesday , September 27, 2023 at 11:00 A.M. (IST) through Video conferencing(VC)/ Other Audio Video Visuals Means (OAVM) , in accordance with MCA Circular, so transact the business as stated in the Notice dated 30 May 2023 the AGM (As Per BSE Announcement Dated on 27/09/2023)

AGM Date: 26 Sep 2024

Annual Report of the Company for the Financial Year 2023-24 is attached. The summary of the proceedings of 91st Annual General Meeting of the Company held on 26th September 2024 at 1100 hours through Video Conferencing (VC)/ Other Audio Video Means(OAVM). (As Per Bse Announcement Dated on 26.09.2024) Voting Results of the business transacted at the 91st AGM of the Company held on 26.09.2024 and the Scrutinizers Report is attached. (As Per Bse Announcement Dated on 30.09.2024)

AGM Date: 26 Sep 2025

AGM 26/09/2025 This is to inform that the notice of 92nd AGM of the company which is scheduled to be held on Friday, 26 September 2025 at 11:00 A.M. (IST) through VC/ OAVM along with the Annual Report for the FY 2024-25 is attached herewith. (As per BSE Announcement Dated on 28/08/2025) The summary of the proceedings of 92nd Annual General Meeting of Mazagon Dock Shipbuilders Limited held on 26.09.2025 at 1100 hours through VC/OAVM is enclosed herewith. (As Per BSE Announcement Dated on: 26/09/2025) Please find enclosed herewith: 1. Voting Results of the 92nd AGM of the company held on 26.09.2025 and 2. Scrutinizers Report dated 29.09.2025. (As Per BSE Announcement Dated on: 29/09/2025)

Mazagon Dock Shipbuilders Ltd Peer Comparison

Company	Price	Market Cap (in Cr)
Hindustan Aeronautics Ltd	₹4,494.70	₹3,00,594.30
Bharat Electronics Ltd	₹406.90	₹2,97,434.90
Solar Industries India Ltd	₹12,940.25	₹1,17,096.39
Bharat Dynamics Ltd	₹1,528.65	₹56,034.58
Cochin Shipyard Ltd	₹1,639.60	₹43,134.72

Mazagon Dock Shipbuilders Ltd Top Mutal Funds Invested

Fund Name	AUM
Motilal Oswal Nifty India Defence Index Fund	7.13%
Aditya Birla SL Nifty India Defence Index Fund	7.12%
HDFC Defence Fund	1.83%
UTI-Nifty200 Momentum 30 Index Fund	1.31%
ICICI Pru Nifty Next 50 Index Fund	0.89%

Mazagon Dock Shipbuilders Ltd News

Mazagon Dock Shipbuilders and Swan Defence and Heavy Industries sign MoU

For collaboration on construction of Landing Platform Docks (LPDs) for the Indian Navy.

28 Oct 2025, 05:49 pm

Mazagon Dock gains after Q2 PAT climbs 28% YoY to Rs 749 cr

Mazagon Dock Shipbuilders rose 1.57% to Rs 2,854.15 after the company's consolidated net profit jumped 28.09% to Rs 749.48 crore in Q2 FY26 as against Rs 585.08 crore posted in Q2 FY25.

28 Oct 2025, 11:00 am

Board of Mazagon Dock Shipbuilders recommends interim dividend

Of Rs 6 per share

28 Oct 2025, 09:47 am

Mazagon Dock Shipbuilders to discuss results

On 27 October 2025

23 Oct 2025, 04:46 pm

Mazagon Dock inks MoU with Tamil Nadu for potential greenfield shipyard on India's eastern coast.

Mazagon Dock Shipbuilders has inked a memorandum of understanding (MoU) with Guidance Tamil Nadu for exploring the development of a world-class greenfield shipyard on India's eastern coast.

24 Sep 2025, 10:27 am

Mazagon Dock Shipbuilders Ltd Stock Analysis

Annual revenue for Mazagon Dock Shipbuilders Ltd increased by 18.82% to ₹12,600.65 crore in FY 2025 from ₹10,604.60 crore in FY 2024.
Annual Net Profit for Mazagon Dock Shipbuilders Ltd increased by 25.98% to ₹2,324.88 crore in FY 2025 from ₹1,845.43 crore in FY 2024.
Promoter Shareholding in Mazagon Dock Shipbuilders Ltd remains unchanged by 0.00% in the most recent quarter, from 81.22% in June 2025 to 81.22% in September 2025.
Mazagon Dock Shipbuilders Ltd delivered a 1-year return of 8.23% compared to the Nifty 50, which provided a return of 6.40% as of the last trading session.
Mazagon Dock Shipbuilders Ltd share price moved down by 0.95% from its previous close of INR ₹2,641.20. The latest Mazagon Dock Shipbuilders Ltd share price is INR ₹2,616.20.
Mazagon Dock Shipbuilders Ltd share price today has been at a low of 2,603 and a high of 2,671.80. Over the past 52 weeks, the Mazagon Dock Shipbuilders Ltd share price has seen a low of 1,918.05 and a high of 3,775.

About Mazagon Dock Shipbuilders Ltd

Mazagon Dock Shipbuilders Ltd. (MDL) is India’s premier shipbuilding yard. The company is known for its expertise in constructing submarines and warships. These products are built for the Indian Navy. It also manufactures offshore platforms and related support vessels, as well as passenger ships, tankers, cargo bulk carriers, and ferries. MDL is dedicated to delivering high-quality maritime solutions. These solutions are supported by advanced technology and skilled craftsmanship.
Mazagon Dock Shipbuilders falls under the shipbuilding and defence sector. The company was initiated in 1934, making it over many decades old. Over the decades, MDL has grown to become a significant player in the global shipbuilding industry. The company is known for its innovation and quality.
The headquarters of Mazagon Dock Shipbuilders Ltd. is located in Mumbai, Maharashtra, India. MDL's main products include offshore platforms, naval ships, submarines, and associated support vessels. The company builds tankers, builds tankers, cargo bulk carriers, cargo bulk carriers, ferries, and passenger ships. MDL's shipbuilding segment has indigenously built guided-missile destroyers, stealth frigates, destroyers, corvettes, landing platform docks, missile boats, patrol boats, and more.
Mazagon Dock Shipbuilders is one of the largest shipbuilding yards in India. Also, it holds a significant market share in the defence shipbuilding sector. The company's robust capabilities and global reach have positioned it as a key player in the industry.
The promoter shareholding of Mazagon Dock Shipbuilders Ltd. stands at 84.83%. This stake is entirely held by the Government of India, demonstrating strong promoter commitment to the business.
The registered office of Mazagon Dock Shipbuilders Ltd. is located at Dockyard Road, Mazagon, Mumbai - 400010, Maharashtra, India. Its registrar & transfer agent is KFin Technologies Private Limited. The key managerial promoters of the company include:

Sanjeev Singhal
Biju George
Vasudev Puranik
Jagjeet Kaur Neeru Singh
Chandu Sambasiva Rao

Mazagon Dock Shipbuilders Ltd. is a well-established shipbuilding company in India. The company is known for its comprehensive range of maritime products and strong market presence.

International Base of the Company

Mazagon Dock Shipbuilders Ltd. (MDL) is India’s premier shipbuilding yard, known for its expertise in constructing warships and submarines. These products are specially made for the Indian Navy. The company also manufactures offshore platforms and related support vessels. These vessels are built for drilling offshore oil. Aside from this, MDL constructs passenger ships, tankers, cargo bulk carriers, and ferries. MDL is dedicated to delivering high-quality maritime solutions. This is supported by advanced technology and skilled craftsmanship.
Global Presence Mazagon Dock Shipbuilders Ltd. has established a strong international presence, with operations and collaborations spanning multiple continents. The company's global footprint is a testament to its ability to deliver high-quality maritime solutions to clients worldwide. MDL's international base is supported by its strategically located shipyards, offices, and partnerships around the world. The company's robust capabilities and global reach have positioned it as a trusted partner for shipbuilding and maritime solutions.
Key International Markets MDL has successfully penetrated key international markets. This includes Asia, Europe, and the Middle East. In Asia, the company has built strong relationships with various naval forces and commercial clients. This provides them with advanced warships, submarines, and support vessels.
Strategic Partnerships and Alliances MDL has established strategic partnerships and alliances with leading global shipbuilding companies and defence contractors to enhance its international operations. These collaborations enable the company to leverage local expertise and deliver innovative solutions to its clients. MDL's partnerships with international firms have allowed the company to offer specialized maritime solutions. These solutions cater to the evolving needs of its global clients.
Research and Development Mazagon Dock Shipbuilders places a strong emphasis on research and development (R&D). This will drive its innovation and maintain its leadership position in the shipbuilding industry. The company operates multiple R&D centres in India. At this centre, it focuses on developing new and advanced maritime solutions. MDL's R&D efforts are supported by a team of highly skilled engineers and researchers who work on cutting-edge technologies and methodologies. The company's commitment to R&D has resulted in a robust pipeline of products and services. These services and products cater to the diverse needs of its international clients.
Quality and Compliance MDL is committed to maintaining high standards of quality and compliance in its international operations. The company's shipyards adhere to stringent quality control measures and international standards. This ensures the delivery of reliable and secure maritime solutions. MDL's focus on quality and compliance has earned it the trust of its clients. Also, it has established long-term relationships with major players in various industries.
Mazagon Dock Shipbuilders Ltd. has established a strong international base, with a presence on multiple continents and a track record of successfully delivering high-quality maritime solutions worldwide. The company's global operations are supported by its strategically located shipyards, offices, and strategic partnerships. MDL's commitment to innovation, quality, and customer satisfaction has solidified its position as a leading global shipbuilding company. As the company continues to expand its international footprint, it remains dedicated to delivering world-class maritime solutions that drive global maritime excellence.