Mazagon Dock Shipbuilders Ltd. (MAZDOCK) AI Stock Analysis

• Market Cap: ₹872.87B
• Dividend Yield: 0.47%
• Average Volume (3M): 92.79K
• Price to Earnings (P/E): 28.5
• Beta (1Y): 1.79
• Revenue Growth: 12.22%
• EPS Growth: -9.22%
• Country: IN
• Employees: 2,814
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 21.80
• Shares Outstanding: 403,380,000
• 10 Day Avg. Volume: 55,913
• 30 Day Avg. Volume: 92,786
• PEG Ratio: 1.75
• Price to Book (P/B): 13.10
• Price to Sales (P/S): 9.10
• P/FCF Ratio: 44.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹2,772.00
• Price Target Upside: 11.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 67.4
• Revenue Forecast (FY): ₹129.51B

• Rating: 68 Neutral
• Price Target: ₹2,359.00 ▼(-5.44% Downside)
• Action: Downgraded Date: 10/17/25
• Date: Action: Downgraded 10/17/25

Mazagon Dock Shipbuilders Ltd. has a commendable financial performance, which is the most significant factor in its overall score. However, the stock's valuation suggests it may be overvalued, and technical indicators show neutral momentum. These factors contribute to a moderate overall stock score.

Positive Factors

Revenue Growth

Sustained, large revenue expansion demonstrates durable demand and successful execution on multi-year defense contracts. Higher scale improves capacity utilization and bargaining with suppliers, supporting sustained cash generation and long-term supplier/customer relationships critical to shipbuilding.

Negative Factors

Rising Total Liabilities

Increasing total liabilities reduce financial headroom and could compress liquidity during delayed milestone receipts. For a business with multi-year contracts, growing liabilities may force higher working capital needs or constrain investment capacity if not matched by consistent cash inflows.

Mazagon Dock Shipbuilders Ltd. Business Overview & Revenue Model

Company Description

Mazagon Dock Shipbuilders Limited engages in building and repairing of ships, submarines, vessels, and related engineering products in India and internationally. It operates in two segments, Shipbuilding and Submarine. It offers naval ships, such ...

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Mazagon Dock Shipbuilders Limited engages in building and repairing of ships, submarines, vessels, and related engineering products in India and internationally. It operates in two segments, Shipbuilding and Submarine. It offers naval ships, such ...

How the Company Makes Money

MAZDOCK generates revenue primarily through contractual project work for the construction and delivery of defense platforms—especially warships and submarines—typically commissioned by the Government of India/Indian Navy. Under these contracts, re...

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MAZDOCK generates revenue primarily through contractual project work for the construction and delivery of defense platforms—especially warships and submarines—typically commissioned by the Government of India/Indian Navy. Under these contracts, re...

Mazagon Dock Shipbuilders Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	117.00B	114.32B	94.67B	78.27B	57.33B	40.48B
Gross Profit	32.02B	29.56B	16.50B	10.24B	6.02B	2.75B
EBITDA	17.19B	26.77B	14.56B	8.53B	4.52B	2.43B
Net Income	21.70B	24.14B	19.37B	11.19B	6.11B	5.14B
Balance Sheet
Total Assets	0.00	287.08B	294.49B	294.63B	297.70B	250.50B
Cash, Cash Equivalents and Short-Term Investments	161.50B	161.50B	142.09B	132.86B	114.80B	80.28B
Total Debt	0.00	203.30M	9.30M	60.40M	116.40M	296.60M
Total Liabilities	-79.40B	207.68B	232.05B	247.03B	259.12B	216.18B
Stockholders Equity	79.40B	79.40B	62.43B	47.60B	38.58B	34.32B
Cash Flow
Free Cash Flow	0.00	23.27B	2.43B	7.22B	-2.01B	261.20M
Operating Cash Flow	0.00	31.31B	6.84B	8.58B	-1.63B	682.10M
Investing Cash Flow	0.00	-23.52B	14.20B	5.08B	3.26B	3.48B
Financing Cash Flow	0.00	-7.12B	-4.49B	-2.18B	-1.83B	-1.60B

Mazagon Dock Shipbuilders Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2494.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAZDOCK, the sentiment is Negative. The current price of 2494.8 is above the 20-day moving average (MA) of 2323.28, above the 50-day MA of 2364.46, and below the 200-day MA of 2694.59, indicating a bearish trend. The MACD of -34.26 indicates Positive momentum. The RSI at 38.90 is Neutral, neither overbought nor oversold. The STOCH value of 17.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MAZDOCK.

Mazagon Dock Shipbuilders Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEL	77 Outperform	₹2.96T	46.53	―	0.60%	16.58%	25.45%
GRSE	71 Outperform	₹237.11B	40.98	―	0.80%	43.86%	60.18%
LT	70 Outperform	₹4.91T	43.68	―	0.84%	13.33%	21.25%
MAZDOCK	68 Neutral	₹872.87B	28.54	―	0.47%	12.22%	-9.22%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BEML	62 Neutral	₹119.64B	-173.04	―	0.29%	-1.31%	3.61%

Mazagon Dock Shipbuilders Ltd. Corporate Events