defense · MAZDOCK
Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders: PE above historical average. NARROW LEADERSHIP regime.
Price
₹2,319.1
Price 2026-07-30
5 day
+1.10%
Short-term move
1 month
-7.11%
Medium-term
Regime
NARROW LEADERSHIP
62% confidence
Market cap
₹101.8k Cr
neutral sector flow
Market Intelligence Analyst
Understand today's market in about 2 minutes.
“How does today's NARROW LEADERSHIP regime affect Mazagon Dock Shipbuilders (MAZDOCK) in the defense sector?”
Price chart
₹2,296
-28.80% over period
About Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders Limited engages in the building and repairing of ships, submarines, vessels, and related engineering products in India and internationally. The company operates in two segments, Shipbuilding, and Submarine and Heavy Engineering. The company offers naval platforms, such as destroyers, conventional submarines, frigates, corvettes, missile boats, offshore patrol vessels, and floating border outposts. It also provides merchant ships, such as general cargo vessels, multipurpose support vessels, offshore supply vessels, tugs, dredgers, passenger cum cargo vessels, water tankers, barges, trawlers, and windmill towers and pontoons. In addition, the company offers offshore platforms and jack-up rigs for the oil sector. Further, it offers training ships, next-generation offshore patrol vessels, and fast patrol vessels for coast guard ships. Additionally, the company provides AI products, including remotely operated vehicles, AI-enabled phased array ultrasonic testing, and AI-enabled computerized radiography. The company was formerly known as Mazagon Dock Limited and changed its name to Mazagon Dock Shipbuilders Limited in May 2015. Mazagon Dock Shipbuilders Limit...
At a Glance
RSI pattern warning
RSI oversold bounces for this stock succeeded only 0% of the time (avg -9.6% over 14 days) — not a reliable pattern.
52-week position
Trading at 69.7% of 52-week high
Technicals
RSI 14
30.7
Trend
downtrend
50 DMA
Below
200 DMA
Below
Key metrics
P/E ratio
39.4
57th pct · 7 quarterly points (limited history)
P/B
10.4
ROE
28.8%
Strong profitability — 28.8% return on equity
Market cap
₹101.8k Cr
Revenue growth
2130.0% YoY
Promoter
81.2%
52-week range
₹2,057.4 – ₹3,326
69.7% of high
RSI (14)
30.7
downtrend
vs 50 DMA
Below
DMA ₹2,428.92
Fundamental
70/100
STRONG
Trust
95/100
Verification
Coverage
100/100
HIGH
Quick Take
Mazagon Dock Shipbuilders scores 70/100 on fundamentals (strong). Mazagon Dock Shipbuilders: PE above historical average. NARROW LEADERSHIP regime.
Fundamental Score: 70/100 · STRONG · 2 signals detected
DuPont Analysis
ROE 26.3% broken into three drivers. Each shows how efficiently the company generates returns.
ROE of 26.26% is strong margin-driven and stable. Net margin 19.7%, asset turnover 0.47x, leverage 2.8x.
What This Means
Net margin of 19.7% means the company keeps ₹19.7 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.47x means the company generates ₹0.47 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of 2.8x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.
Margin Structure
Gross
36.2%
Operating
25.1%
Net
19.7%
Gross margin 36.2% → operating margin 25.1% → net margin 19.7%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.
Financial Health
Earnings Quality
WEAKCash flow only covers -1.1x of net income — earnings quality is WEAK. Profit may not be converting to cash. Check receivables and inventory.
Debt Sustainability
COMFORTABLEInterest covered 34.1x — very comfortable. Debt service is not a concern. Debt/EBITDA at 0.1x is low — balance sheet has capacity.
Free Cash Flow
MODERATEFCF margin negative at -23.6% — spending more than earning. Check capex cycle.
Peer comparison
| Stock | Price | 5D | P/E | ROE | Rev growth | Mcap |
|---|---|---|---|---|---|---|
| BEL Bharat Electronics | ₹384.9 | -5.0% | 50.5 | 27.6% | 1170% | ₹3.1L Cr |
| HAL Hindustan Aeronautics | ₹4,581.4 | -0.2% | 32.3 | 24% | 180% | ₹2.9L Cr |
| BDL Bharat Dynamics | ₹1,245.9 | +0.5% | 122.2 | 10.2% | -7300% | ₹51.2k Cr |
| COCHINSHIP Cochin Shipyard | ₹1,402.1 | +0.5% | 53 | 12.5% | -1560% | ₹38.0k Cr |
| GRSE Garden Reach Shipbuilders | ₹2,586.2 | +0.5% | 44.9 | 31.8% | 2910% | ₹30.9k Cr |
| DATAPATTNS Data Patterns | ₹4,462 | -2.7% | 90.7 | 16.7% | -1300% | ₹24.6k Cr |
| ZENTEC Zen Technologies | ₹1,615.4 | -10.3% | 86.7 | 11.8% | -4520% | ₹16.8k Cr |
| MAZDOCK Mazagon Dock Shipbuilders | ₹2,319.1 | +0.9% | 39.4 | 28.8% | 2130% | ₹1.0L Cr |
Key Watchpoints
Breaks above ₹2435 (+5%)
Trend reversal confirmation
Breaks below ₹2203 (-5%)
Further downside risk
PE reverts to median of 38.2 (7 quarterly points (limited history))
Valuation normalization
Defense sector entering leadership
Sector rotation signal
Detected Patterns
Risk Flags
Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.
OCF is only -1.1x net income. Profit not converting to cash — aggressive accounting possible.
High refinancing risk. Company needs to roll over debt frequently. Vulnerable to credit market freezes.
Working capital is consuming significant cash. Operational efficiency declining.
Collection cycle changing. Collection improving — positive for cash flow.
Strong insider alignment. Promoters have significant skin in the game.
🔴 2 CRITICAL flags — significant concerns. Investigate before investing.
Data Quality
News Correlation
50 articles scanned for fundamental themes
