Mazagon Dock Ship

₹2755.6 44.3 | 1.6%

WEBSITE BSE:543237 NSE : MAZDOCK 21 Apr, 10:14

Market Cap ₹111155 Cr.

Stock P/E 61.4

P/B 13.8

Current Price ₹2755.6

Book Value ₹ 199.7

Face Value 5

52W High ₹2930

Dividend Yield 0.5%

52W Low ₹ 1046

Edit Ratio

Mazagon Dock Ship Research see more...

Overview Inc. Year: 1934Industry: Ship Building

Mazagon Dock Shipbuilders Ltd engages in constructing and repairing of ships, submarines, vessels, and related engineering merchandise in India and across the world. It operates in 2 segments, Shipbuilding and Submarine. It gives naval ships, together with corvettes, nilgiris, missile boats, Godavari elegance frigates, patrol vessels, destroyers, and leander class frigates; merchant ships, including trailing suction hopper dredgers, general cargo vessels, multipurpose assist vessels, offshore supply vessels, special trade passenger cum cargo vessels, 45 T bollard pull voith tugs, and BOP vessels; and submarines. The company was previously known as Mazagon Dock Ltd. Mazagon Dock Shipbuilders Ltd was founded in 1774 and is primarily based in Mumbai, India.

Mazagon Dock Ship Share Price

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Peer Comparison

Mazagon Dock Ship Quarterly Results

#(Fig in Cr.)	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Net Sales	1702	1816	2079	2173	1828	2362	3104	2357	2757	3144
Other Income	164	176	211	233	251	269	349	271	254	286
Total Income	1866	1992	2290	2405	2079	2631	3452	2628	3011	3430
Total Expenditure	1585	1520	1868	2001	1651	1823	2580	1715	2246	2327
Operating Profit	281	472	422	404	428	808	873	913	765	1104
Interest	1	1	2	1	1	1	1	1	1	1
Depreciation	18	18	20	20	20	20	23	23	23	40
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	261	452	400	383	407	786	849	889	740	1063
Provision for Tax	66	114	103	97	103	195	222	223	188	294
Profit After Tax	195	337	297	287	304	592	627	666	553	768
Adjustments	19	17	29	28	29	35	36	30	32	39
Profit After Adjustments	214	354	326	314	333	627	663	696	585	807
Adjusted Earnings Per Share	5.3	8.8	8.1	7.8	8.3	15.5	16.4	17.3	14.5	20

Mazagon Dock Ship Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	2517	4127	3531	4488	4614	4905	4048	5733	7827	9467	11362
Other Income	565	752	766	559	591	558	574	410	687	1101	1160
Total Income	3081	4879	4297	5047	5205	5463	4622	6144	8514	10568	12521
Total Expenditure	2296	3906	3406	4340	4353	4642	3822	5291	7025	8045	8868
Operating Profit	785	973	891	707	852	821	800	853	1489	2523	3655
Interest	8	7	23	7	10	13	11	15	11	15	4
Depreciation	31	44	39	50	64	69	60	75	76	83	109
Exceptional Income / Expenses	0	0	0	0	0	-12	-126	-14	0	0	0
Profit Before Tax	746	922	828	650	778	727	604	749	1403	2425	3541
Provision for Tax	254	361	288	257	308	350	150	186	357	616	927
Profit After Tax	492	561	540	393	470	377	453	563	1046	1809	2614
Adjustments	24	34	68	92	62	93	60	48	73	128	137
Profit After Adjustments	516	596	608	485	532	471	514	611	1119	1937	2751
Adjusted Earnings Per Share	10.4	12	9.8	10.8	11.9	11.7	12.7	15.1	27.7	48	68.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	21%	33%	15%	0%
Operating Profit CAGR	69%	47%	24%	0%
PAT CAGR	73%	59%	31%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	154%	156%	NA%	NA%
ROE Average	33%	24%	20%	19%
ROCE Average	44%	33%	28%	28%

Mazagon Dock Ship Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	2753	2642	3002	2846	3217	3059	3432	3858	4760	6243
Minority's Interest	0	0	0	0	0	0	0	0	0	0
Borrowings	79	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	819	834	896	1838	1733	1007	494	282	113	-29
Total Current Liabilities	28228	15049	14967	15098	16224	16460	20789	25184	24140	22634
Total Liabilities	31879	18525	18866	19782	21174	20526	24715	29323	29013	28849
Fixed Assets	266	368	546	646	810	836	807	965	1024	838
Other Non-Current Assets	1407	758	833	2095	2286	1618	1824	1829	1904	2223
Total Current Assets	30161	17399	17486	17040	18078	18072	22084	26529	26085	25788
Total Assets	31879	18525	18866	19782	21174	20526	24715	29323	29013	28849

Mazagon Dock Ship Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	5243	215	898	143	374	730	483	740	720	1868
Cash Flow from Operating Activities	2071	288	-1009	442	65	-96	68	-163	1516	684
Cash Flow from Investing Activities	434	516	494	392	417	454	348	326	-150	1420
Cash Flow from Financing Activities	-129	-120	-240	-603	-126	-605	-160	-183	-218	-449
Net Cash Inflow / Outflow	2376	683	-755	231	356	-246	257	-19	1148	1655
Closing Cash & Cash Equivalent	7618	898	143	374	730	483	740	720	1868	3523

Mazagon Dock Ship Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	10.36	11.96	9.77	10.83	11.88	11.66	12.74	15.14	27.74	48.02
CEPS(Rs)	10.49	12.15	9.31	9.89	11.93	11.05	12.72	15.81	27.81	46.9
DPS(Rs)	2.01	2.01	2.66	5.48	2.23	5.38	3.62	4.37	7.98	13.73
Book NAV/Share(Rs)	54.37	53.04	48.23	63.49	71.77	75.84	85.07	95.63	118.01	154.78
Core EBITDA Margin(%)	8.76	5.35	3.52	3.3	5.66	5.35	5.58	7.72	10.25	15.01
EBIT Margin(%)	29.97	22.52	24.11	14.63	17.07	15.08	15.18	13.33	18.06	25.77
Pre Tax Margin(%)	29.64	22.34	23.46	14.48	16.86	14.82	14.92	13.07	17.92	25.61
PAT Margin (%)	19.53	13.59	15.3	8.76	10.19	7.69	11.2	9.82	13.36	19.11
Cash Profit Margin (%)	20.76	14.66	16.42	9.88	11.59	9.09	12.68	11.12	14.33	19.99
ROA(%)	1.54	2.23	2.89	2.03	2.3	1.81	2	2.08	3.59	6.25
ROE(%)	18.15	20.98	19.14	13.45	15.52	12.02	13.97	15.45	24.28	32.88
ROCE(%)	27.06	34.23	30.16	22.45	25.99	23.58	18.94	20.97	32.81	44.34
Receivable days	108.57	73.77	86.15	75.47	102.12	108.12	108.15	62.75	46.81	54.93
Inventory Days	2689.27	1007.63	427.65	317.77	299.67	313.03	473.91	432.55	351.07	251.97
Payable days	263.5	124.56	172.18	224.81	378.85	568.93	1075.47	848.94	436.29	320.68
PER(x)	0	0	0	0	0	0	8.34	7.91	11.96	19.38
Price/Book(x)	0	0	0	0	0	0	1.25	1.25	2.81	6.01
Dividend Yield(%)	0	0	0	0	0	0	3.41	3.64	2.41	1.48
EV/Net Sales(x)	-2.92	-2.08	-2.3	-1.55	-1.57	-1.14	-0.92	-1.16	0.01	2.46
EV/Core EBITDA(x)	-9.35	-8.84	-9.11	-9.86	-8.5	-6.82	-4.67	-7.8	0.06	9.25
Net Sales Growth(%)	0	63.99	-14.45	27.11	2.81	6.3	-17.47	41.64	36.52	20.95
EBIT Growth(%)	0	23.19	-8.4	-22.86	19.98	-6.07	-16.93	24.35	84.98	72.55
PAT Growth(%)	0	14.13	-3.72	-27.22	19.65	-19.82	20.24	24.18	85.77	72.92
EPS Growth(%)	0	15.47	-18.28	10.82	9.69	-1.82	9.21	18.87	83.2	73.09
Debt/Equity(x)	0.03	0	0	0	0	0	0	0	0	0
Current Ratio(x)	1.07	1.16	1.17	1.13	1.11	1.1	1.06	1.05	1.08	1.14
Quick Ratio(x)	0.41	0.87	0.9	0.88	0.88	0.82	0.78	0.75	0.78	0.89
Interest Cover(x)	90.99	126.77	37.09	96.62	82.2	56.61	57.01	51.16	127.6	166.29
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0

Mazagon Dock Ship Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	84.83	84.83	84.83	84.83	84.83	84.83	84.83	84.83	84.83	84.83
FII	3.29	3.29	3.28	3.69	3.32	2.38	2.44	1.45	1.55	2.26
DII	0.26	0.31	0.56	0.38	0.43	0.67	0.84	1.01	1.46	1.69
Public	11.62	11.58	11.33	11.1	11.42	12.13	11.9	12.72	12.16	11.22
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	17.11	17.11	17.11	17.11	17.11	17.11	17.11	17.11	34.22	34.22
FII	0.66	0.66	0.66	0.74	0.67	0.48	0.49	0.29	0.63	0.91
DII	0.05	0.06	0.11	0.08	0.09	0.13	0.17	0.2	0.59	0.68
Public	2.34	2.33	2.28	2.24	2.3	2.45	2.4	2.56	4.9	4.53
Others	0	0	0	0	0	0	0	0	0	0
Total	20.17	20.17	20.17	20.17	20.17	20.17	20.17	20.17	40.34	40.34

Pros

Company has delivered good profit growth of 30% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 24%
Debtor days have improved from 436.29 to 320.68days.
Company is almost debt free.

Cons

Stock is trading at 13.8 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Mazagon Dock Ship News

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Mazagon Dock Ship

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Mazagon Dock Ship Research see more...

Overview Inc. Year: 1934Industry: Ship Building

Mazagon Dock Ship Share Price

Alert Data

Quarterly Price

Peer Comparison

Mazagon Dock Ship Quarterly Results

Mazagon Dock Ship Profit & Loss

Growth Rates

Mazagon Dock Ship Balance Sheet

Mazagon Dock Ship Cash Flow

Mazagon Dock Ship Ratios

Mazagon Dock Ship Shareholding Pattern

Mazagon Dock Ship News

IPO

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