# Mazagon Dock share price today (Mazagon Dock Shipbuilders Ltd, NSE: MAZDOCK)

> Mazagon Dock share price today: ₹1,785.10 at the NSE close on 3 November 2026, down 34.6% in a year. Mazagon Dock Shipbuilders (NSE: MAZDOCK) is worth ₹72,020 crore, trades at a P/E of 29.3 and has closed between ₹1,705.30 and ₹2,782.10 over the past 52 weeks. > Mazagon Dock Shipbuilders Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. MAZDOCK · Ship - Docks/Breaking/Repairs · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/mazagon-dock-shipbuilders-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹1,785.10 (−34.6% in a year)
- P/E: 29.3× (lower than 51% of the last 6 years)
- Revenue (Sep 2026): ₹2,446 Cr (−16.5% on a year ago)
- Profit (Sep 2026): ₹346 Cr (−53.8% on a year ago)
- Operating margin: 8.0% (−16.0 points on a year ago)
- ROCE: 36%, FY26
- ROIC: 11.1%, against a 12.0% cost of capital: −0.9 points

The main question: yearly earnings per share moved +7.0% while the share price moved −34.6%. ## What is the Mazagon Dock share price today? Mazagon Dock Shipbuilders Ltd's share price was ₹1,785.10 at the close on 3 November 2026. It has been falling for 17 weeks. That is 24.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,705 and ₹2,782, and at that close it sat 7% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 12 weeks running. Over the last 6 years the share price moved +2,024% while the NIFTY 500 moved +124%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 21 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Mazagon Dock this quarter? Three changes stood out: revenue fell in the September 2026 quarter, profit fell in the September 2026 quarter and operating margin down 16 points on a year earlier. 1. Revenue fell in the September 2026 quarter Revenue was ₹2,446 crore, -16.5% on a year earlier (₹2,929 crore), after 11 quarters of growth. 2. Profit fell in the September 2026 quarter Profit was ₹346 crore, -53.8% on a year earlier (₹749 crore), after 4 quarters of growth. 3. Operating margin down 16 points on a year earlier 8% in the September 2026 quarter, from 24%. ## What dividend does Mazagon Dock pay? Mazagon Dock paid ₹17.12 a share in regular dividends in the 12 months to 4 November 2026 (3 payments), a yield of 0.96% at the ₹1,785.10 close on 3 November 2026. The last was an interim dividend of ₹5 a share, ex-date 3 November 2026. ### Mazagon Dock dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 3 Nov 2026 | ₹5 | Interim | same day |
| 20 Aug 2026 | ₹4.62 | Dividend | same day |
| 13 Feb 2026 | ₹7.50 | Interim | same day |
| 4 Nov 2025 | ₹6 | Interim | same day |
| 19 Sep 2025 | ₹2.71 | Dividend | same day |
| 16 Apr 2025 | ₹3 | Interim | same day |
| 30 Oct 2024 | ₹23.19 | Interim | same day |
| 19 Sep 2024 | ₹12.11 | Dividend | n/a |
| 20 Nov 2023 | ₹15.34 | Interim | same day |
| 20 Sep 2023 | ₹6.86 | Dividend | n/a |
| 21 Nov 2022 | ₹9.10 | Interim | 22 Nov 2022 |
| 19 Sep 2022 | ₹1.63 | Dividend | n/a |
| 6 Jan 2022 | ₹7.10 | Interim | 7 Jan 2022 |
| 20 Sep 2021 | ₹1.83 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Mazagon Dock Shipbuilders Ltd paid out 28% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What are Mazagon Dock's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Mazagon Dock reported revenue of ₹2,446 crore, down 16.5% from ₹2,929 crore a year earlier, and a profit of ₹346 crore, down 53.8% from ₹749 crore. ### Mazagon Dock results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,446 crore | ₹2,929 crore | −16.5% |
| Profit | ₹346 crore | ₹749 crore | −53.8% |
| Earnings per share | ₹8.53 | ₹18.58 | −54.1% |
| Operating margin | 8.0% | 24.0% | −16.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 28 October 2025, about July to September 2025; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Mazagon Dock share price history? Mazagon Dock closed at ₹1,785.10 on 3 November 2026, down 34.6% from ₹2,729.00 a year earlier (31 October 2025) and up 1,091.0% over five years. Its highest weekly close since October 2020 was ₹3,522.40 on 16 May 2025. ### Mazagon Dock share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,860.00 | −4.0% |
| 1 month ago · 1 Oct 2026 | ₹2,064.00 | −13.5% |
| 6 months ago · 30 Apr 2026 | ₹2,733.20 | −34.7% |
| 1 year ago · 31 Oct 2025 | ₹2,729.00 | −34.6% |
| 3 years ago · 3 Nov 2023 | ₹961.25 | +85.7% |
| 5 years ago · 4 Nov 2021 | ₹149.88 | +1,091.0% |
| Earliest weekly close in our records · 16 Oct 2020 | ₹84.03 | +2,024.4% |
| Highest weekly close since October 2020 · 16 May 2025 | ₹3,522.40 | −49.3% |
| Lowest weekly close since October 2020 · 30 Oct 2020 | ₹83.38 | +2,040.9% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹2,782.10 | −35.8% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹1,705.30 | +4.7% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (324 weekly closes from 16 October 2020 to 3 November 2026.)

## What is the latest news on Mazagon Dock? 3 Nov 2026: ex-date for an interim dividend of ₹5 a share. 3 Nov 2026: Mazagon Dock closed at ₹1,785.10, down 4.0% on the week and down 13.5% on the month. ### Earlier

- Results for July to September 2026: Revenue down 16.5% and profit down 53.8% on a year earlier. - 20 Aug 2026: ex-date for a dividend of ₹4.62 a share. - 13 Feb 2026: ex-date for an interim dividend of ₹7.50 a share. - 28 Oct 2025: Mazagon Dock held its results call for July to September 2025. - 27 Dec 2024: Share split: face value cut from ₹10 to ₹5 a share (ex-date). ## What did Mazagon Dock management say on the latest results call? On the call for July to September 2025, held on 28 October 2025, Mazagon Dock's management spoke about the quarter; the main points are below. > “We anticipate that this year we will have revenue of approximately "12,500 crores" or so, and the coming year also we should have maybe another "5%" growth over that. Beyond that, once the submarine projects kick in, we should have a considerable improvement both in our revenue as well as our profits.”
> Captain Jagmohan, Chairman and Managing Director, on the call for July to September 2025

Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/6304-28-Oct-2025.pdf). (From the call for July to September 2025, 28 October 2025. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## Which stock lists is Mazagon Dock on? Mazagon Dock is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Defence stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 145](https://www.sectoralpha.in/small-cap-stocks-india)
- [Defence stocks Group on the list: Warship builders](https://www.sectoralpha.in/sectors/aerospace-defence-equipments)

## Is Mazagon Dock profitable? Mazagon Dock Shipbuilders Ltd earned ₹346 Cr of net profit in the Sep 2026 quarter, −53.8% on the same quarter a year earlier. Full-year FY26 profit was ₹2,578 Cr. Over 10 years profit has grown 15.8% a year on average. That is 14.1% of the quarter's revenue. The same quarter a year earlier earned ₹749 Cr. For the full year, FY26 profit was ₹2,578 Cr (+6.8% on the year before). Why profit moved: revenue changed −16.5% on a year earlier and the margin moved −16.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +21.1% and revenue +7.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Mazagon Dock make, and is it growing? Mazagon Dock Shipbuilders Ltd reported ₹2,446 Cr of revenue in the Sep 2026 quarter, −16.5% on the same quarter a year earlier. Over 10 years it has grown 12.3% a year on average. The last full year, FY26, came in at ₹13,006 Cr. The last four reported quarters add to ₹12,840 Cr. FY26 revenue was ₹13,006 Cr, +13.8% on the year before. Recent pace: the last four quarters grew +7.8% on average, against 12.3% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +8.1%, against +10.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +5.0%, against −2.4% a year (accelerating). ## How much of every ₹100 of sales does Mazagon Dock keep? Mazagon Dock Shipbuilders Ltd's operating margin was 8.0% in the Sep 2026 quarter, 16.0 percentage points lower than the same quarter a year ago. Across 12 years it has been between 3.5% and 18.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −15.6 percentage points on the year while gross margin changed +13.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Mazagon Dock's profit turning into cash? Over the last 3 years, 2% of Mazagon Dock Shipbuilders Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹2,654 Cr of cash, against ₹2,578 Cr of profit. After ₹812 Cr of spending on assets, free cash was −₹3,466 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Mazagon Dock's cash go? Mazagon Dock Shipbuilders Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹13,006 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹1,523 Cr on assets over the last 3 years. Averaged over those years that is 3.9% of FY26 revenue a year. Spending on assets: ₹1,523 Cr over the last 3 years, against ₹295 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹252 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Mazagon Dock's P/E ratio, and how does it compare with its own history? Mazagon Dock Shipbuilders Ltd's P/E is 29.3×, in the middle of its own history: higher than 49% of past readings. Its usual P/E (the middle reading) is 29.8×, over 6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +7.0% while the price moved −34.6%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +64.1% a year; about +31.1% a year came from earnings growth and about +33.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Mazagon Dock business getting better or worse? Mazagon Dock Shipbuilders Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 26.2%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Mazagon Dock earn on its capital? Mazagon Dock Shipbuilders Ltd earned a ROCE of 36% in FY26. That is up from a low of 21% in FY22. Its return on capital used (ROIC) is 0.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 19.8% net margin and 0.47× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 19.8% net margin × 0.47× asset turnover × 2.82× leverage (assets divided by equity) ≈ 26.2% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 11.1% − 12.0% = −0.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Mazagon Dock have too much debt? Mazagon Dock Shipbuilders Ltd has total debt of ₹811 Cr against shareholder equity of ₹10,684 Cr as of Sep 2026, so its debt is 0.08× its equity, which is very little. Year by year, that ratio went from 0.00 in FY22 to 0.04 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Mazagon Dock shareholding pattern? Domestic institutions raised their stake in Mazagon Dock Shipbuilders Ltd by 4.1 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 5.1% of the company. Promoters moved −3.6 points over the same period, to 81.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +4.1 points over 8 quarters, to 5.1%; Promoters: −3.6 points over 8 quarters, to 81.2%; Foreign institutions: +0.3 points over 8 quarters, to 1.7%. Why the owners changed: domestic institutions drove it (+4.1 points), with the other side taken by promoters (−3.6 points). They raised their stake step by step. ## How far is Mazagon Dock from balance-sheet trouble? For Mazagon Dock Shipbuilders Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Mazagon Dock rank in its industry? 42.8 out of 100, rank 2 of 4 in Ship - Docks/Breaking/Repairs, with 97% of the evidence available. Mazagon Dock Shipbuilders Ltd scores 42.8 out of 100 against the 4 companies it is compared with in Ship - Docks/Breaking/Repairs, ranking 2. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 7.3 + 17.8 + 13.9 + 3.8 = 42.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Mazagon Dock compared with? Mazagon Dock ranks 2 of 4 Ship - Docks/Breaking/Repairs companies on the 4-Factor Sector Score, with 42.8 out of 100. 1. [Garden Reach Shipbuilders & Engineers Ltd](https://www.sectoralpha.in/stocks/garden-reach-shipbuilders-engineers-ltd) GRSE · quiet · Evidence leans up · 93% evidence 63.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.9/35 · Revenue 39.6% · Profit 43% · Operating margin change -1 points · 88% evidence Capital efficiency 18.8/25 · ROCE 42.8% · Operating margin 8% · 100% evidence Valuation 12.9/20 · P/E 27.8× · PEG 1 · 85% evidence Relative strength 4.2/20 · Lead over its industry -13.2% · Lead over NIFTY 500 -18.6% · 1 year -24% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.9 + 18.8 + 12.9 + 4.2 = 63.8 · What this means: Earnings are strong; relative strength in its sector is -13.2% and the one-year return is -24%. 2. Mazagon Dock Shipbuilders Ltd this page MAZDOCK · quiet · Evidence leans down · 97% evidence 42.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.3/35 · Revenue 8.1% · Profit 5% · Operating margin change -16 points · 100% evidence Capital efficiency 17.8/25 · ROCE 36% · Operating margin 8% · 100% evidence Valuation 13.9/20 · P/E 28× · PEG 0.95 · 85% evidence Relative strength 3.8/20 · Lead over its industry -21.2% · Lead over NIFTY 500 -25.8% · 1 year -37.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 7.3 + 17.8 + 13.9 + 3.8 = 42.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 3. [Cochin Shipyard Ltd](https://www.sectoralpha.in/stocks/cochin-shipyard-ltd) COCHINSHIP · quiet · Evidence leans down · 93% evidence 37.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.8/35 · Revenue -1.4% · Profit -19.1% · Operating margin change -5 points · 88% evidence Capital efficiency 14.5/25 · ROCE 16.2% · Operating margin 18% · 100% evidence Valuation 12.6/20 · P/E 43.1× · PEG 0.87 · 85% evidence Relative strength 6.0/20 · Lead over its industry -16.4% · Lead over NIFTY 500 -21.2% · 1 year -37.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 4.8 + 14.5 + 12.6 + 6 = 37.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Swan Defence and Heavy Industries Ltd](https://www.sectoralpha.in/stocks/swan-defence-and-heavy-industries-ltd) SWANDEF · leader · Too little evidence to rank firmly · 49% evidence 38.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.0/35 · Revenue 100% · Profit 100% · Operating margin change -6 points · 71% evidence Capital efficiency 3.0/25 · ROCE -7.6% · Operating margin -26% · 76% evidence Valuation 10.0/20 · P/E 39.7× · PEG n/a · 0% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 34.9% · 1 year 235.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 13 + 3 + 10 + 12.5 = 38.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Ship - Docks/Breaking/Repairs](https://www.sectoralpha.in/sectors/ship-docks-breaking-repairs), all 4 compared on one page. ## Which companies are close to Mazagon Dock in size? Mazagon Dock is the largest of 4 Ship - Docks/Breaking/Repairs companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Cochin Shipyard, Garden Reach Shipbuilders & Engineers and Swan Defence and Heavy Industries. ### Ship - Docks/Breaking/Repairs companies close in size

1. Mazagon Dock Shipbuilders Ltd ₹68,788 crore
2. [Cochin Shipyard Ltd](https://www.sectoralpha.in/stocks/cochin-shipyard-ltd) ₹29,312 crore
3. [Garden Reach Shipbuilders & Engineers Ltd](https://www.sectoralpha.in/stocks/garden-reach-shipbuilders-engineers-ltd) ₹22,265 crore
4. [Swan Defence and Heavy Industries Ltd](https://www.sectoralpha.in/stocks/swan-defence-and-heavy-industries-ltd) ₹13,861 crore

[All 4 Ship - Docks/Breaking/Repairs companies, largest first](https://www.sectoralpha.in/sectors/ship-docks-breaking-repairs#all-companies)

### Companies close in size in other industries

1. [NTPC Green Energy Ltd](https://www.sectoralpha.in/stocks/ntpc-green-energy-ltd) ₹69,467 crore · Power - Generation/Distribution
2. [SRF Ltd](https://www.sectoralpha.in/stocks/srf-ltd) ₹69,230 crore · Chemicals - Flourine
3. Mazagon Dock Shipbuilders Ltd ₹68,788 crore
4. [Dixon Technologies (India) Ltd](https://www.sectoralpha.in/stocks/dixon-technologies-indialtd) ₹67,288 crore · Consumer Electronics - EMS
5. [Steel Authority of India Ltd](https://www.sectoralpha.in/stocks/steel-authority-of-india-ltd) ₹66,501 crore · Steel

## What else do people ask about Mazagon Dock? ### What is Mazagon Dock's share price today? Mazagon Dock Shipbuilders Ltd's share price is ₹1,785.10, −34.6% over the past year. The whole company is worth ₹72,020 Cr on the market. In the last 52 weeks it traded between ₹1,705 to ₹2,782; today it is 7% of the way up from the low, 24.8% below its 200-day average (as of 3 November 2026). ### What were Mazagon Dock's latest quarterly results? Mazagon Dock Shipbuilders Ltd reported revenue of ₹2,446 Cr and net profit of ₹346 Cr for the Sep 2026 quarter. Revenue fell 16.5% and profit fell 53.8% compared with a year earlier. Earnings per share were ₹8.53. The operating margin was 8.0%, 16.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Mazagon Dock's market cap? Mazagon Dock Shipbuilders Ltd's market capitalisation is ₹72,020 Cr at a share price of ₹1,785.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Mazagon Dock performing? Mazagon Dock Shipbuilders Ltd's share price has been falling for 17 weeks. In its latest quarter, revenue fell 16.5% and profit fell 53.8% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 12 weeks running (as of 3 November 2026). ### Will Mazagon Dock's share price go up? This page does not forecast Mazagon Dock Shipbuilders Ltd's share price. What it shows instead: the share price is ₹1,785.10, and it has been falling for 17 weeks. Its P/E of 29.3× is higher than 49% of its own last 6 years (as of 3 November 2026). ### Who owns Mazagon Dock? Promoters own 81.2% of Mazagon Dock Shipbuilders Ltd, foreign institutions 1.7%, domestic institutions 5.1% and the public 11.9% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 4.1 percentage points over 8 quarters (as of 3 November 2026). ### Does Mazagon Dock have too much debt? No, Mazagon Dock Shipbuilders Ltd has little debt: its debt is 0.05× its equity, and its operating profit is 31 times its interest bill. FY26 borrowings were ₹447 Cr against equity of ₹9,755 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Mazagon Dock in its business cycle? Mazagon Dock Shipbuilders Ltd's FY26 operating margin was 17.0%, against a 12-year range of 3.5% to 18.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 8.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Mazagon Dock story? The main question: yearly earnings per share moved +7.0% while the share price moved −34.6%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Mazagon Dock a stock worth studying right now? What the numbers show: Mazagon Dock Shipbuilders Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Defence stocks: https://www.sectoralpha.in/sectors/aerospace-defence-equipments

This is research, not advice. We’re not SEBI-registered.