Mazagon Dock Shipbuilders

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• DebtHighest safetyRated AAA by India Ratings.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 12% and profit rose 22% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 81% of the company, about the same as in Jun 2025.
• ValuationNormal for this stockThe share trades at 26.2 times its yearly earnings (P/E), cheaper than 65% of the time in the last 5 years. Its usual P/E is about 29.

Mazagon Dock Shipbuilders against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)26.2 against a typical 26.2: in line than most peers (1st = cheapest).3rd of 5
• Sales growth+12.1% against a typical +42.3% from a year earlier.3rd of 4
• Profit growth+21.7% against a typical +285.1% from a year earlier.3rd of 4
• Share price, 3 months−24% against a typical −20.1%.4th of 4
• Size₹ 75,109.4 Cr. market value against a typical ₹ 14,346.4 Cr. (1st = largest).1st of 5

Exchange filings and their impact on the company.

• 27 Oct 2026Record DateLow impactNeutralPrice −1.2% so far today
  Mazagon Dock fixes 3 Nov 2026 as record date for Rs 5 interim dividend, about Rs 202 cr payout.

  Mazagon Dock's board on 27 October 2026 approved an interim dividend of Rs 5 per Rs 5 share for FY 2026-27. The company fixed Tuesday, 3 November 2026 as the record date, with payment to be completed by 26 November 2026. The payout totals about Rs 202 crore, a small cash return with no impact on operations.

  Full analysisFiling
• 27 Oct 2026Giving guarantees/indemnity/ becoming a surety for third partyMedium impactPositivePrice −6.5% that day
  Mazagon Dock to back Rs 1,250 cr guarantees for Sri Lanka subsidiary to support its ship orders.

  Mazagon Dock's board on 27 October 2026 approved a Rs 1,250 crore standby letter of credit facility with State Bank of India to back guarantees for its Sri Lanka subsidiary Colombo Dockyard. The facility will let the Colombo bank issue guarantees to the subsidiary's shipbuilding clients against advances received. Issue costs will be reimbursed by the subsidiary with a 10% markup, but Mazagon Dock will bear the liability if the subsidiary defaults.

  Full analysisFiling
• 27 Oct 2026Outcome of Board MeetingHigh impactNegativePrice −6.5% that day
  Weak Q2 with revenue down 24% and profit down 52% YoY points to lower earnings this year despite interim dividend.

  Mazagon Dock reported weak September quarter results with standalone revenue of about Rs 2,228 crore versus about Rs 2,929 crore a year ago and net profit of about Rs 340 crore versus about Rs 715 crore. The board also declared an interim dividend of Rs 5 per Rs 5 share with record date 3 November 2026, and proposed to raise authorised share capital to Rs 900 crore for future needs. Lower execution and high provisions mean earnings for the next 12 months are likely to be below last year's record level despite a strong cash balance.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Jagmohan ..

Executive Chairman of the Board, Managing Director

Ruchir Agrawal

Chief Financial Officer, Director - Finance, Executive Director

Lalatendu Acharya

Compliance Officer, Company Secretary

Vasudev Ranganath Puranik

Director - Corporate Planning and Personnel, Executive Director

Biju George

Director - Shipbuilding, Executive Director

Shailesh Bhalachandra Jamgaonkar

Director - Submarine and Heavy Engineering, Executive Director