Mazagon Dock Shipbuilders Ltd (MAZDOCK) — shareholding pattern, promoter holding, financials and share price
About Mazagon Dock Shipbuilders Ltd (MAZDOCK)
Mazagon Dock Shipbuilders Ltd operates in the Ship Building & Allied Services industry, within the Capital Goods sector. It trades on the NSE as MAZDOCK and on the BSE under scrip code 543237. Its ISIN is INE249Z01020.
Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms. [1]
Mazagon Dock Shipbuilders Limited (MDL) is a Government of India defence shipyard under the Ministry of Defence that designs, builds and repairs naval warships, conventional submarines and a wide range of merchant and offshore vessels; MDL is the only Indian public-sector yard to construct destroyers and conventional submarines and holds Navratna status enabling greater operational autonomy.
Q3 FY2025-26 showed stronger quarterly performance with standalone revenue of ₹3,601 crore and PAT of ₹837 crore (consolidated PAT ₹880 crore), while nine-month revenue rose to ₹9,156 crore; however nine-month operating margin compressed from 23% to 19%, signalling cost or phasing pressures despite sustained EBITDA and zero debt.
Listed peers in Ship Building & Allied Services: Aditya Infotech Ltd, Cochin Shipyard Ltd, Honeywell Automation India Ltd, Syrma SGS Technology Ltd, Kaynes Technology India Ltd, Jyoti CNC Automation Ltd.
Valuation & Returns
10 Jul 2026At ₹2,420.1 a share on 10 Jul 2026, Mazagon Dock Shipbuilders Ltd (MAZDOCK) was valued at a price-to-earnings ratio of 37.56x against an industry P/E of 48.01x and a price-to-book of 12.3x on a book value of ₹196.83 per share as of Mar 2025. Solomo computes return on equity of 32.73% and return on capital employed of 43.2% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 37.56x
- Industry P/E
- 48.01x
- P/B
- 12.3x
- EPS (TTM)
- ₹64.43
- Book value / share
- ₹196.83
- ROE
- 32.73%
- ROCE
- 43.2%
- ROA
- 9.05%
- Debt / equity
- 0x
- Dividend yield
- 0.67%
- EBITDA margin
- 27.41%
- 52-week range
- ₹2,057.4 – ₹3,273.25
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Mazagon Dock Shipbuilders Ltd (MAZDOCK) reported revenue of ₹13,006 crore, net profit of ₹2,578 crore and earnings per share of ₹64.04. That compares with revenue of ₹11,432 crore and net profit of ₹2,414 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹3,850 crore and net profit ₹674 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 5,733 | 7,827 | 9,467 | 11,432 | 13,006 |
| Net profit (₹ cr) | 611 | 1,119 | 1,937 | 2,414 | 2,578 |
| EPS (₹) | 15.14 | 27.74 | 48.02 | 59.83 | 64.04 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 11.99% | 18.44% | 25.86% | 20.76% |
| Profit growth | 16.94% | 41.59% | 58.27% | 25.90% |
| Stock price CAGR | - | 79% | 40% | -24% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 81.22% of Mazagon Dock Shipbuilders Ltd (MAZDOCK) (unchanged from the previous quarter), foreign institutional investors (FII) hold 1.72% and domestic institutional investors (DII) hold 5.01%. Market capitalisation was ₹97,622 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2020.
Largest disclosed public shareholders in Jun 2026: Life Insurance Corporation of India 3.31%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 81.22% | - | 1.72% | 5.01% | 18.78% |
| Mar 2026 | 81.22% | - | 1.73% | 5.09% | 18.78% |
| Dec 2025 | 81.22% | - | 1.8% | 5.37% | 18.78% |
| Sep 2025 | 81.22% | - | 1.97% | 5.66% | 18.78% |
| Jun 2025 | 81.22% | - | 2.58% | 5.21% | 18.78% |
| Mar 2025 | 84.83% | - | 2.26% | 1.7% | 15.17% |
| Dec 2024 | 84.83% | - | 1.55% | 1.47% | 15.17% |
| Sep 2024 | 84.83% | - | 1.45% | 1.01% | 15.17% |