About
Mazagon Dock Shipbuilders Limited engages in the building and repairing of ships, submarines, vessels, and related engineering products in India and internationally. The company operates in two segments, Shipbuilding, and Submarine and Heavy Engineering. The company offers cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges, and border outposts. It also provides services, including repairs and refit, designing of ships, know how provider, training, tug support, supply chain management, and self-propeller modular transporter. In addition, it offers offshore patrol vessels, fast patrol vessels, and floating boarder outposts. Further, the company provides AI products, including remotely operated vehicles, AI-enabled phased array ultrasonic testing, and AI-enabled computerized radiography. The company was formerly known as Mazagon Dock Limited and changed its name to Mazagon Dock Shipbuilders Limited in May 2015. Mazagon Dock Shipbuilders Limited was founded in 1774 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap99,877 Cr
P/E35.00
Div Yield0.73 %
Book Value₹242.00
52w High₹3,061.00
52w Low₹2,057.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,771.00 | 3,684.00 | 3,601.00 | 2,929.00 | 2,626.00 | 3,174.00 | 3,144.00 | 2,757.00 | 2,357.00 | 3,104.00 | 2,362.00 | 1,828.00 | 2,173.00 |
| Expenses | 2,338.00 | 3,308.00 | 2,714.00 | 2,235.00 | 2,324.00 | 3,055.00 | 2,327.00 | 2,246.00 | 1,715.00 | 2,580.00 | 1,823.00 | 1,651.00 | 2,001.00 |
| Operating Profit | 433.00 | 376.00 | 887.00 | 695.00 | 302.00 | 119.00 | 817.00 | 511.00 | 642.00 | 524.00 | 539.00 | 177.00 | 172.00 |
| OPM % | 16.00 | 10.00 | 25.00 | 24.00 | 11.00 | 3.80 | 26.00 | 19.00 | 27.00 | 17.00 | 23.00 | 10.00 | 8.00 |
| Other Income | 310.00 | 281.00 | 262.00 | 276.00 | 324.00 | 323.00 | 291.00 | 269.00 | 271.00 | 376.00 | 269.00 | 261.00 | 233.00 |
| Depreciation | 23.00 | 23.00 | 23.00 | 24.00 | 23.00 | 29.00 | 40.00 | 23.00 | 23.00 | 23.00 | 20.00 | 20.00 | 20.00 |
| Interest | 36.00 | 10.00 | 6.00 | 8.00 | 35.00 | 8.00 | 5.00 | 5.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 684.00 | 625.00 | 1,120.00 | 939.00 | 567.00 | 406.00 | 1,063.00 | 751.00 | 889.00 | 876.00 | 786.00 | 416.00 | 383.00 |
| Tax % | 25.00 | 26.00 | 25.00 | 24.00 | 26.00 | 20.00 | 28.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 | 25.00 |
| Net Profit | 510.00 | 464.00 | 837.00 | 715.00 | 419.00 | 327.00 | 768.00 | 564.00 | 666.00 | 654.00 | 592.00 | 313.00 | 287.00 |
| EPS in Rs | 12.64 | 11.50 | 20.75 | 17.73 | 10.39 | 8.11 | 19.04 | 13.97 | 16.51 | 16.22 | 14.66 | 7.76 | 7.11 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12,840.00 | 11,432.00 | 9,467.00 | 7,827.00 | 5,733.00 | 4,048.00 | 4,905.00 | 4,614.00 | 4,475.00 | 3,530.00 | 4,127.00 | 3,619.00 |
| Expenses | 10,578.00 | 9,339.00 | 8,051.00 | 7,027.00 | 5,291.00 | 3,822.00 | 4,642.00 | 4,353.00 | 4,325.00 | 3,403.00 | 3,910.00 | 3,405.00 |
| Operating Profit | 2,262.00 | 2,093.00 | 1,416.00 | 801.00 | 442.00 | 226.00 | 263.00 | 261.00 | 149.00 | 126.00 | 217.00 | 214.00 |
| OPM % | 18.00 | 18.00 | 15.00 | 10.00 | 8.00 | 6.00 | 5.00 | 6.00 | 3.30 | 3.60 | 5.00 | 6.00 |
| Other Income | 1,143.00 | 1,159.00 | 1,138.00 | 713.00 | 420.00 | 474.00 | 600.00 | 664.00 | 612.00 | 765.00 | 760.00 | 563.00 |
| Interest | 61.00 | 28.00 | 9.00 | 9.00 | 15.00 | 11.00 | 36.00 | 36.00 | 14.00 | 4.00 | 4.00 | 0.00 |
| Depreciation | 93.00 | 115.00 | 83.00 | 76.00 | 75.00 | 60.00 | 69.00 | 64.00 | 50.00 | 39.00 | 44.00 | 31.00 |
| Profit before tax | 3,250.00 | 3,109.00 | 2,461.00 | 1,429.00 | 773.00 | 630.00 | 758.00 | 825.00 | 697.00 | 848.00 | 929.00 | 746.00 |
| Tax % | 25.00 | 25.00 | 25.00 | 25.00 | 24.00 | 24.00 | 46.00 | 37.00 | 37.00 | 37.00 | 39.00 | 34.00 |
| Net Profit | 2,436.00 | 2,325.00 | 1,845.00 | 1,073.00 | 586.00 | 480.00 | 408.00 | 517.00 | 440.00 | 533.00 | 568.00 | 492.00 |
| EPS in Rs | 60.38 | 57.63 | 45.75 | 26.59 | 14.54 | 11.89 | 10.13 | 11.54 | 9.82 | 107.13 | 142.83 | 123.52 |
| Dividend Payout % | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 53.00 | 19.00 | 56.00 | 37.00 | 18.00 | 20.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 202.00 | 202.00 | 202.00 | 202.00 | 202.00 | 202.00 | 202.00 | 224.00 | 224.00 | 249.00 | 199.00 | 199.00 |
| Reserves | 8,641.00 | 6,979.00 | 5,369.00 | 3,976.00 | 3,120.00 | 2,717.00 | 2,380.00 | 2,568.00 | 2,198.00 | 2,360.00 | 2,124.00 | 2,261.00 |
| Borrowings | 0.00 | 20.00 | 17.00 | 6.00 | 12.00 | 30.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 79.00 |
| Other Liabilities | 16,803.00 | 20,844.00 | 23,203.00 | 24,709.00 | 25,904.00 | 21,679.00 | 17,883.00 | 17,633.00 | 16,502.00 | 16,363.00 | 16,384.00 | 28,401.00 |
| Total Liabilities | 25,646.00 | 28,045.00 | 28,791.00 | 28,893.00 | 29,237.00 | 24,628.00 | 20,465.00 | 20,425.00 | 18,925.00 | 18,971.00 | 18,707.00 | 30,940.00 |
| Fixed Assets | 1,432.00 | 1,466.00 | 838.00 | 1,024.00 | 965.00 | 807.00 | 836.00 | 810.00 | 646.00 | 546.00 | 368.00 | 266.00 |
| CWIP | 245.00 | 133.00 | 72.00 | 62.00 | 87.00 | 80.00 | 80.00 | 89.00 | 85.00 | 98.00 | 170.00 | 40.00 |
| Investments | 243.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Other Assets | 23,726.00 | 26,440.00 | 27,875.00 | 27,801.00 | 28,179.00 | 23,735.00 | 19,542.00 | 19,520.00 | 18,187.00 | 18,321.00 | 18,164.00 | 30,629.00 |
| Total Assets | 25,646.00 | 28,045.00 | 28,791.00 | 28,893.00 | 29,237.00 | 24,628.00 | 20,465.00 | 20,425.00 | 18,925.00 | 18,971.00 | 18,707.00 | 30,940.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -2,761.00 | 2,102.00 | 684.00 | 1,516.00 | -163.00 | 68.00 | -96.00 | 65.00 | 442.00 | -1,009.00 | 288.00 |
| Cash from Investing Activity | 975.00 | -1,299.00 | 3,115.00 | -150.00 | 326.00 | 348.00 | 454.00 | 417.00 | 392.00 | 494.00 | 516.00 |
| Cash from Financing Activity | -834.00 | -736.00 | -448.00 | -218.00 | -183.00 | -160.00 | -605.00 | -126.00 | -603.00 | -240.00 | -120.00 |
| Net Cash Flow | -2,620.00 | 67.00 | 3,350.00 | 1,148.00 | -19.00 | 257.00 | -246.00 | 356.00 | 231.00 | -755.00 | 683.00 |
| Free Cash Flow | -2,930.00 | 1,298.00 | 347.00 | 1,407.00 | -200.00 | 26.00 | -197.00 | -110.00 | 304.00 | -1,156.00 | 123.00 |
| CFO/OP % | -79.00 | 145.00 | 96.00 | 228.00 | 32.00 | 99.00 | 43.00 | 146.00 | 501.00 | -524.00 | 275.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 73.00 | 34.00 | 71.00 | 47.00 | 64.00 | 87.00 | 107.00 | 117.00 | 90.00 | 77.00 | 81.00 | 76.00 |
| Inventory Days | 129.00 | 298.00 | 411.00 | 605.00 | 1,044.00 | 1,142.00 | 688.00 | 541.00 | 514.00 | 687.00 | 586.00 | 3,239.00 |
| Days Payable | 225.00 | 240.00 | 318.00 | 366.00 | 836.00 | 1,234.00 | 704.00 | 416.00 | 324.00 | 153.00 | 151.00 | 124.00 |
| Cash Conversion Cycle | -24.00 | 92.00 | 164.00 | 285.00 | 272.00 | -4.00 | 91.00 | 241.00 | 280.00 | 611.00 | 516.00 | 3,190.00 |
| Working Capital Days | -182.00 | -356.00 | -425.00 | -528.00 | -645.00 | -607.00 | -311.00 | -445.00 | -428.00 | -604.00 | -571.00 | -573.00 |
| ROCE % | 41.00 | 49.00 | 51.00 | 38.00 | 25.00 | 28.00 | 30.00 | 33.00 | 28.00 | 35.00 | 38.00 | — |
Corporate Actions
15 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 20 Aug 2026 | 20 Aug 2026 | — | 4.62 | |
| Dividend | 13 Feb 2026 | 13 Feb 2026 | — | 7.50 | |
| Dividend | 04 Nov 2025 | 04 Nov 2025 | — | 6.00 | |
| Dividend | 19 Sep 2025 | 19 Sep 2025 | — | 2.71 | |
| Dividend | 16 Apr 2025 | 16 Apr 2025 | — | 3.00 | |
| Split | 27 Dec 2024 | 27 Dec 2024 | 10:5 | — | |
| Dividend | 30 Oct 2024 | 30 Oct 2024 | — | 23.19 | |
| Dividend | 19 Sep 2024 | — | — | 12.11 | |
| Dividend | 20 Nov 2023 | 20 Nov 2023 | — | 15.34 | |
| Dividend | 20 Sep 2023 | — | — | 6.86 | |
| Dividend | 21 Nov 2022 | 22 Nov 2022 | — | 9.10 | |
| Dividend | 19 Sep 2022 | — | — | 1.63 | |
| Dividend | 06 Jan 2022 | 07 Jan 2022 | — | 7.10 | |
| Dividend | 20 Sep 2021 | — | — | 1.83 | |
| Dividend | 22 Feb 2021 | 23 Feb 2021 | — | 5.41 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update10 Aug from fitch
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Rating update21 Aug 2025 from fitch
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Rating update28 May 2024 from fitch
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Rating update13 Mar 2023 from fitch
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Rating update12 Oct 2015 from crisil