Mazagon Dock Shipbuilders Ltd. (MAZDOCK) AI Stock Analysis

• Market Cap: ₹1.08T
• Dividend Yield: 0.77%
• Average Volume (3M): 127.26K
• Price to Earnings (P/E): 51.2
• Beta (1Y): 1.82
• Revenue Growth: 21.24%
• EPS Growth: -6.44%
• Country: IN
• Employees: 2,814
• Sector: Industrials
• Sector Strength: 76
• Industry: Aerospace & Defense
• EPS (TTM): 10.80
• Shares Outstanding: 403,380,000
• 10 Day Avg. Volume: 106,797
• 30 Day Avg. Volume: 127,260
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹2,705.50
• Price Target Upside: 0.64% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2

• Rating: 61 Neutral
• Price Target: ₹2,943.00 ▲(9.47% Upside)

Mazagon Dock Shipbuilders Ltd.'s financial performance is commendable, contributing positively to the overall score. However, the stock faces significant technical challenges with bearish momentum and a lack of positive price trends. Additionally, its high P/E ratio suggests potential overvaluation, further impacting the overall score. The absence of recent earnings call or corporate events data means these factors did not influence the score.

Mazagon Dock Shipbuilders Ltd. Business Overview & Revenue Model

Company Description

Mazagon Dock Shipbuilders Ltd. (MAZDOCK) is a premier shipbuilding yard in India, primarily engaged in the construction and repair of warships and submarines for the Indian Navy and other clients. The company operates in the defense sector, with a focus on the design, manufacturing, and maintenance of vessels, including destroyers, frigates, and submarines. MAZDOCK also undertakes commercial shipbuilding and repairs, serving a variety of maritime industries.

How the Company Makes Money

Mazagon Dock Shipbuilders Ltd. generates revenue through the construction and repair of naval vessels, primarily for the Indian Navy. The company's key revenue streams include contracts for building warships and submarines, as well as maintenance and repair services. MAZDOCK benefits from long-term contracts with the Indian government, providing stable and recurring income. Additionally, the company pursues commercial shipbuilding projects, further diversifying its revenue base. Strategic partnerships and collaborations with international defense companies also contribute to its earnings by enabling technology transfer and enhancing its shipbuilding capabilities.

Mazagon Dock Shipbuilders Ltd. Financial Statement Overview

Summary

Mazagon Dock Shipbuilders Ltd. displays strong revenue and profit growth, robust cash flow generation, and prudent debt management. While profitability and cash flow metrics are strong, attention to increasing liabilities and variability in certain margins and cash flows is advisable to sustain long-term financial health.

Income Statement

Mazagon Dock Shipbuilders Ltd. has exhibited robust revenue growth over the years, with a notable increase from 57,176 million to 114,319 million in the latest fiscal year. The gross profit margin has improved, indicating efficient cost management. Net profit margins are strong, reflecting profitable operations. The EBITDA margin is also healthy, showcasing effective earnings before non-cash expenses. However, fluctuations in EBIT margins indicate potential volatility in operating performance.

Balance Sheet

The company maintains a conservative debt position with a low debt-to-equity ratio, reducing financial risk. Its equity ratio is solid, indicating a strong equity base relative to total assets. Return on equity is impressive, showing efficient use of shareholder funds to generate income. Nonetheless, total liabilities have been increasing, which could pose a risk if not managed properly.

Cash Flow

Mazagon Dock Shipbuilders Ltd. demonstrates strong operating cash flows with consistent growth. The operating cash flow to net income ratio is favorable, highlighting effective conversion of earnings to cash. Free cash flow generation is robust, supporting future investments and debt reduction. However, the free cash flow growth rate has shown variability, which could affect long-term cash reserves if not stabilized.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	113.61B	114.32B	94.67B	78.27B	57.18B	40.42B
Gross Profit	33.42B	30.15B	28.33B	22.33B	16.64B	11.70B
EBITDA	33.84B	31.81B	25.17B	14.87B	8.37B	6.69B
Net Income	27.51B	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	135.94B	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	-72.88B	207.68B	232.05B	247.03B	259.12B	216.18B
Stockholders Equity	72.88B	79.40B	62.43B	47.60B	38.58B	34.32B
Cash Flow
Free Cash Flow	0.00	23.27B	12.74B	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: 2688.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 2688.4 is below the 20-day moving average (MA) of 2740.75, below the 50-day MA of 2989.56, and above the 200-day MA of 2651.62, indicating a neutral trend. The MACD of -70.48 indicates Negative momentum. The RSI at 39.34 is Neutral, neither overbought nor oversold. The STOCH value of 33.52 is Neutral, 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
LT	70 Neutral	₹4.87T	26.80		0.96%	15.74%	18.90%
BEML	66 Neutral	₹160.94B	54.73		0.52%	-2.17%	6.12%
Sector *	64 Neutral	$10.95B	16.37	8.81%	1.96%	2.68%	-15.33%
GRSE	63 Neutral	₹277.74B	51.48		0.43%	39.76%	52.37%
BEL	62 Neutral	₹2.67T	49.44		0.66%	14.23%	29.82%
MAZDOCK	61 Neutral	₹1.08T	51.25		0.77%	21.24%	-6.44%
MEP	―	₹304.52M	―		―	―	―

Mazagon Dock Shipbuilders Ltd. Corporate Events

Mazagon Dock Shipbuilders Declares Second Interim Dividend for FY 2024-25

Mazagon Dock Shipbuilders Limited has announced a second interim dividend of Rs. 3 per equity share for the financial year 2024-25, with a record date set for April 16, 2025. This decision reflects the company’s commitment to providing returns to its shareholders, while also adhering to tax deduction at source requirements as per Indian tax laws, potentially impacting shareholder returns based on their tax status.