Fortune India 500 2025 edition
Rank#217- Total income
- ₹12,553 Cr
- Profit
- ₹2,414 Cr
Last year #231
Mazagon Dock Shipbuilders Limited - infrastructure and utilities in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Listed - NSE: MAZDOCK · BSE: 543237 Public Limited Union Government Company infrastructure and utilities Fortune India 500 · #217 Nifty 500
Market Cap
₹77,542 Cr
MAZDOCK · NSE
Share Price
₹1,860.00
-3.24% today
Revenue
₹13,006 Cr
FY 2025-26 · +13.8% YoY
EBITDA
₹2,268 Cr
Margin 17.4%
Net Profit
₹2,581 Cr
FY 2025-26 · +7.0% YoY
P/E (TTM)
28.2x
P/B 8.3x
ROE
27.4%
ROCE 32.1%
Debt / Equity
0.03
Interest cover 3.4x
About Mazagon Dock Shipbuilders Limited
Data last updated:
Mazagon Dock Shipbuilders Limited is a public limited union government company based in Mumbai, Maharashtra, India. It operates in the port infrastructure and development segment of the infrastructure and utilities sector. It was incorporated on 26 February 1934 and has been in existence for over 92 years.
Mazagon Dock Shipbuilders is ranked #217 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L35100MH1934GOI002079. Its GSTIN is 27AAACM8029J1ZA (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 543237 and NSE: MAZDOCK.
The company has an authorised share capital of ₹323.72 Cr and a paid-up capital of ₹201.69 Cr. It was formerly known as Mazagon Dock Limited and Mazagon Dock Private Limited. It is led by directors including Jagmohan (Managing Director) and Biju George (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Dockyard Road, Mumbai, Maharashtra, India – 400010.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹13,006 Cr, a growth of 13.8% compared to the previous year. For the same year it recorded a net profit of ₹2,580.63 Cr (net margin 19.8%) and EBITDA of ₹2,267.94 Cr (EBITDA margin 17.4%). The net worth stands at ₹9,754.88 Cr (up 22.9% YoY). Total assets are valued at ₹11,972 Cr (up 34.7% YoY).
The company is associated with 1 brand: Mazagon Dock Shipbuilders. As per MCA filings, the company has open charges of ₹5,000 Cr on record. Court records list 109 cases involving the company, including 57 filed by the company and 52 filed against it; 12 cases are pending. The company has 19 deals on record (11 market trades, 6 secondary share transfers, 1 funding round), with disclosed funding of ₹98.98 Cr; the latest was in September 2023. The company has 7 MSME Form 1 returns on record between 2018 and 2024, listing 154 overdue payments to 45 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mazagondock.in.
Company details
CIN L35100MH1934GOI002079
Registration Number 002079
Incorporation Date 26 February 1934
ROC Mumbai
Listing Status Listed - Listed on NSE (MAZDOCK); Listed on BSE (543237)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Mazagon Dock Shipbuilders has undergone 2 name changes throughout its history. The company was previously known as Mazagon Dock Limited, and Mazagon Dock Private Limited. The current legal name is Mazagon Dock Shipbuilders Limited.
| Company Name | Status |
|---|---|
| Mazagon Dock Shipbuilders Limited | Current |
| Mazagon Dock Limited | Previous |
| Mazagon Dock Private Limited | Previous |
CIN history
Mazagon Dock Shipbuilders has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L35100MH1934GOI002079, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L35100MH1934GOI002079 | Current |
| U35100MH1934GOI002079 | Previous |
| U35100MH1934PTC002079 | Previous |
Key People
Jagmohan Managing Director Biju George Whole-Time Director Vasudev Ranganath Puranik Whole-Time Director Recognitions & Rankings of Mazagon Dock Shipbuilders
Stock market indices
Nifty 500 BSE 500
Contact details
Mazagon Dock Shipbuilders Limited's registered office is in Mumbai, Maharashtra. Its website is mazagondock.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDockyard Road, Mumbai, Maharashtra, India – 400010
- IndustryInfrastructure and Utilities, Port Infrastructure & Development
To see the full contact details of Mazagon Dock Shipbuilders Limited, buy the company report.
Comprehensive company report
Mazagon Dock Shipbuilders Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Mazagon Dock Shipbuilders operates one associated brand: Mazagon Dock Shipbuilders. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Designs and develops ships | mazagondock.in |
Business activity
The main business activity of Mazagon Dock Shipbuilders is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Mazagon Dock Shipbuilders Limited, buy the company report.
Financials of Mazagon Dock Shipbuilders Limited
FY 2025-26 filings availableMazagon Dock Shipbuilders Limited reported revenue of ₹13,006 Cr (up 13.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹13,006 Cr
+13.8% YoY
EBITDA
₹2,268 Cr
+8.4% YoY
Profit After Tax
₹2,581 Cr
+7.0% YoY
Net Worth
₹9,755 Cr
+22.9% YoY
Total Assets
₹11,972 Cr
+34.7% YoY
Total Debt
₹447 Cr
+2100.5% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 13,006 | 11,432 | 9,467 | 7,827 | 5,733 | 4,048 | 4,905 |
| Revenue growth | +13.8% | +20.8% | +20.9% | +36.5% | +41.6% | -17.5% | - |
| EBITDA | 2,268 | 2,093 | 1,416 | 801 | 427 | 100 | 250 |
| EBITDA margin | +17.4% | +18.3% | +15.0% | +10.2% | +7.5% | +2.5% | +5.1% |
| Profit before tax | 3,237 | 3,062 | 2,425 | 1,403 | 749 | 604 | 727 |
| Net profit | 2,581 | 2,412 | 1,936 | 1,118 | 620 | 609 | 477 |
| Net profit margin | +19.8% | +21.1% | +20.5% | +14.3% | +10.8% | +15.0% | +9.7% |
| EPS (₹) | 64.04 | 59.83 | 96.04 | 55.48 | 30.29 | 25.48 | 23.33 |
| Balance sheet | |||||||
| Total assets | 11,972 | 8,885 | 6,815 | 5,329 | 4,593 | 4,356 | 4,481 |
| Net worth | 9,755 | 7,940 | 6,243 | 4,760 | 3,858 | 3,432 | 3,059 |
| Total debt | 447 | 20.33 | 0.93 | 6.04 | 11.64 | 29.66 | 0.00 |
| Cash & bank | 13,096 | 16,150 | 14,210 | 13,286 | 11,480 | 8,028 | 5,798 |
| Net working capital | 6,769 | 4,891 | 3,154 | 1,951 | 1,352 | 1,301 | 1,612 |
| Cash flow | |||||||
| Cash from operations | (2,654) | 2,102 | 684 | 1,516 | (163) | 68.21 | (95.54) |
| Cash from investing | 1,166 | (1,299) | 1,420 | (150) | 326 | 348 | 454 |
| Cash from financing | (931) | (736) | (448) | (218) | (183) | (160) | (605) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,943 | 3,850 | 3,601 | 2,929 | 2,626 | 3,174 | 3,144 | 2,757 |
| Revenue growth (YoY) | +12.1% | +21.3% | +14.6% | +6.3% | +11.4% | - | - | - |
| Other income | 313 | 283 | 262 | 271 | 324 | 287 | 286 | 258 |
| EBITDA | 447 | 543 | 887 | 695 | 302 | 119 | 817 | 511 |
| EBITDA margin | +15.2% | +14.1% | +24.6% | +23.7% | +11.5% | +3.8% | +26.0% | +18.5% |
| Depreciation | 28.97 | 22.88 | 23.21 | 23.53 | 23.06 | 28.60 | 39.86 | 23.35 |
| Interest | 44.34 | 10.01 | 5.95 | 7.82 | 35.36 | 7.72 | 1.11 | 4.65 |
| Profit before tax | 686 | 793 | 1,120 | 934 | 567 | 370 | 1,063 | 740 |
| Tax | 174 | 161 | 282 | 224 | 148 | 79.39 | 294 | 188 |
| Net profit | 512 | 633 | 837 | 710 | 419 | 290 | 768 | 553 |
| EPS (₹) | 13.62 | 16.84 | 21.81 | 18.58 | 11.21 | 8.06 | 20.01 | 29.01 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12,840 | 11,432 | 9,467 | 7,827 | 5,733 | 4,048 | 4,905 |
| Revenue growth | +12.3% | +20.8% | +20.9% | +36.5% | +41.6% | -17.5% | - |
| EBITDA | 2,262 | 2,093 | 1,416 | 801 | 429 | 100 | 250 |
| EBITDA margin | +17.6% | +18.3% | +15.0% | +10.2% | +7.5% | +2.5% | +5.1% |
| Profit before tax | 3,250 | 3,109 | 2,461 | 1,429 | 773 | 630 | 758 |
| Net profit | 2,433 | 2,324 | 1,844 | 1,072 | 596 | 576 | 415 |
| Net profit margin | +19.0% | +20.3% | +19.5% | +13.7% | +10.4% | +14.2% | +8.5% |
| EPS (₹) | 60.38 | 57.63 | 91.50 | 53.19 | 29.08 | 23.78 | 20.25 |
| Balance sheet | |||||||
| Total assets | 10,336 | 8,126 | 6,157 | 4,746 | 4,057 | 3,843 | 4,003 |
| Net worth | 8,843 | 7,181 | 5,571 | 4,178 | 3,321 | 2,919 | 2,581 |
| Total debt | 0.18 | 20.33 | 16.55 | 6.04 | 11.64 | 29.66 | 0.00 |
| Cash & bank | 12,878 | 16,150 | 14,210 | 13,286 | 11,480 | 8,028 | 5,798 |
| Net working capital | 6,454 | 4,891 | 3,170 | 1,951 | 1,352 | 1,301 | 1,612 |
| Cash flow | |||||||
| Cash from operations | (2,761) | 2,102 | 684 | 1,516 | (163) | 68.21 | (95.54) |
| Cash from investing | 975 | (1,299) | 3,115 | (150) | 326 | 348 | 454 |
| Cash from financing | (834) | (736) | (448) | (218) | (183) | (160) | (605) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,771 | 3,684 | 3,601 | 2,929 | 2,626 | 3,174 | 3,144 | 2,757 |
| Revenue growth (YoY) | +5.5% | +16.0% | +14.6% | +6.3% | +11.4% | - | - | - |
| Other income | 310 | 281 | 262 | 276 | 324 | 323 | 286 | 269 |
| Total expenses | 2,338 | 3,308 | 2,714 | 2,235 | 2,324 | 3,055 | 2,327 | 2,246 |
| EBITDA | 433 | 376 | 887 | 695 | 302 | 119 | 817 | 511 |
| EBITDA margin | +15.6% | +10.2% | +24.6% | +23.7% | +11.5% | +3.8% | +26.0% | +18.5% |
| Depreciation | 23.20 | 22.88 | 23.21 | 23.53 | 23.06 | 28.60 | 39.86 | 23.35 |
| Interest | 35.68 | 10.01 | 5.95 | 7.82 | 35.36 | 7.72 | 1.11 | 4.65 |
| Profit before tax | 684 | 625 | 1,120 | 939 | 567 | 406 | 1,063 | 751 |
| Tax | 174 | 161 | 282 | 224 | 148 | 79.39 | 294 | 188 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,943 | 3,850 | 3,601 | 2,929 | 2,626 | 3,174 | 3,144 | 2,757 |
| Revenue growth (YoY) | +12.1% | +21.3% | +14.6% | +6.3% | +11.4% | - | - | - |
| Other income | 313 | 283 | 262 | 271 | 324 | 287 | 286 | 258 |
| EBITDA | 447 | 543 | 887 | 695 | 302 | 119 | 817 | 511 |
| EBITDA margin | +15.2% | +14.1% | +24.6% | +23.7% | +11.5% | +3.8% | +26.0% | +18.5% |
| Depreciation | 28.97 | 22.88 | 23.21 | 23.53 | 23.06 | 28.60 | 39.86 | 23.35 |
| Interest | 44.34 | 10.01 | 5.95 | 7.82 | 35.36 | 7.72 | 1.11 | 4.65 |
| Profit before tax | 686 | 793 | 1,120 | 934 | 567 | 370 | 1,063 | 740 |
| Tax | 174 | 161 | 282 | 224 | 148 | 79.39 | 294 | 188 |
| Net profit | 512 | 633 | 837 | 710 | 419 | 290 | 768 | 553 |
| EPS (₹) | 13.62 | 16.84 | 21.81 | 18.58 | 11.21 | 8.06 | 20.01 | 29.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 13,006 | 11,432 | 9,467 | 7,827 | 5,733 | 4,048 | 4,905 |
| Revenue growth | +13.8% | +20.8% | +20.9% | +36.5% | +41.6% | -17.5% | - |
| Other income | 1,139 | 1,112 | 1,101 | 687 | 410 | 574 | 558 |
| Total expenses | 10,738 | 9,339 | 8,051 | 7,027 | 5,306 | 3,948 | 4,654 |
| Employee cost | 983 | 979 | 897 | 793 | 799 | 653 | 781 |
| EBITDA | 2,268 | 2,093 | 1,416 | 801 | 427 | 100 | 250 |
| EBITDA margin | +17.4% | +18.3% | +15.0% | +10.2% | +7.5% | +2.5% | +5.1% |
| Depreciation | 96.67 | 115 | 83.13 | 75.58 | 74.51 | 59.65 | 68.75 |
| Interest | 73.88 | 27.73 | 9.33 | 9.18 | 13.66 | 10.78 | 13.07 |
| Profit before tax | 3,237 | 3,062 | 2,425 | 1,403 | 749 | 604 | 727 |
| Tax | 815 | 784 | 616 | 357 | 186 | 150 | 350 |
| Net profit | 2,581 | 2,412 | 1,936 | 1,118 | 620 | 609 | 477 |
| Net profit margin | +19.8% | +21.1% | +20.5% | +14.3% | +10.8% | +15.0% | +9.7% |
| EPS (₹) | 64.04 | 59.83 | 96.04 | 55.48 | 30.29 | 25.48 | 23.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 202 | 202 | 202 | 202 | 202 | 202 | 202 |
| Reserves & surplus | 9,553 | 7,738 | 6,042 | 4,558 | 3,656 | 3,230 | 2,858 |
| Shareholders' funds (net worth) | 9,755 | 7,940 | 6,243 | 4,760 | 3,858 | 3,432 | 3,059 |
| Minority interest | 229 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 447 | 20.33 | 0.93 | 6.04 | 11.64 | 29.66 | 0.00 |
| Total debt | 447 | 20.33 | 0.93 | 6.04 | 11.64 | 29.66 | 0.00 |
| Total liabilities | 11,972 | 8,885 | 6,815 | 5,329 | 4,593 | 4,356 | 4,481 |
| Assets | |||||||
| Gross block | 2,983 | 2,091 | 1,343 | 1,482 | 1,352 | 1,129 | 1,090 |
| Net block | 2,062 | 1,466 | 838 | 1,024 | 965 | 807 | 836 |
| Capital work in progress | 252 | 133 | 71.63 | 61.62 | 86.94 | 80.15 | 79.96 |
| Investments | 915 | 765 | 679 | 589 | 542 | 519 | 484 |
| Inventories | 2,633 | 4,634 | 5,728 | 7,369 | 7,703 | 5,891 | 4,625 |
| Sundry debtors | 2,606 | 1,067 | 1,847 | 1,002 | 1,005 | 966 | 1,433 |
| Cash & bank balances | 13,096 | 16,150 | 14,210 | 13,286 | 11,480 | 8,028 | 5,798 |
| Loans & advances | 3,936 | 2,960 | 4,018 | 4,440 | 6,343 | 7,202 | 6,218 |
| Total current assets | 22,272 | 24,811 | 25,803 | 26,098 | 26,532 | 22,086 | 18,074 |
| Total current liabilities | 15,503 | 19,919 | 22,649 | 24,147 | 25,180 | 20,785 | 16,462 |
| Net working capital | 6,769 | 4,891 | 3,154 | 1,951 | 1,352 | 1,301 | 1,612 |
| Total assets | 11,972 | 8,885 | 6,815 | 5,329 | 4,593 | 4,356 | 4,481 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 5,301 | 5,218 | 1,868 | 720 | 740 | 483 | 730 |
| Net cash from operating activities | (2,654) | 2,102 | 684 | 1,516 | (163) | 68.21 | (95.54) |
| Net cash from investing activities | 1,166 | (1,299) | 1,420 | (150) | 326 | 348 | 454 |
| Net cash from financing activities | (931) | (736) | (448) | (218) | (183) | (160) | (605) |
| Net change in cash | (2,419) | 66.91 | 1,655 | 1,148 | (19.44) | 257 | (246) |
| Closing cash | 13,096 | 16,150 | 14,210 | 13,286 | 11,480 | 8,028 | 5,798 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +13.8% | +20.8% | +20.9% | +36.5% | +41.6% | -17.5% | - |
| EBITDA growth | +8.4% | +47.8% | +76.8% | +87.4% | +326.6% | -60.0% | - |
| PBT growth | +5.7% | +26.3% | +72.9% | +87.2% | +24.1% | -16.9% | -6.6% |
| Net income growth | +7.0% | +24.6% | +73.1% | +80.3% | +1.9% | +27.7% | - |
| Revenue CAGR (3Y) | +18.4% | +25.9% | +32.7% | +16.9% | +7.5% | -3.3% | +11.6% |
| EBITDA CAGR (3Y) | +41.5% | +69.8% | +141.8% | +47.3% | +17.9% | -14.0% | +24.6% |
| Profitability & leverage | |||||||
| Net income margin | +18.6% | +19.9% | +19.1% | +13.4% | +9.8% | +11.2% | +7.7% |
| Return on capital employed | +32.1% | +39.4% | +40.1% | +28.5% | +17.1% | +16.8% | +16.3% |
| Return on net worth | +27.4% | +32.1% | +32.9% | +24.3% | +15.5% | +16.9% | +12.0% |
| Debt / equity | 0.03 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Long-term debt / equity | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 3.40 | 1.40 | 0.70 | 1.27 | 3.87 | 26.62 | 7.19 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.13 | 6.66 | 6.70 | 5.52 | 4.62 | 3.65 | 4.68 |
| Inventory turnover | 3.58 | 2.21 | 1.45 | 1.04 | 0.84 | 0.77 | 1.17 |
| Debtors turnover | 7.08 | 7.85 | 6.64 | 7.80 | 5.82 | 3.37 | 3.38 |
| EPS (₹) | 64.04 | 59.83 | 96.04 | 55.48 | 30.29 | 25.48 | 23.33 |
| Dividend per share (₹) | 18.12 | 17.31 | 27.45 | 15.96 | 8.73 | 7.24 | 10.77 |
| Book value per share (₹) | 241.83 | 196.83 | 309.56 | 236.01 | 191.27 | 170.15 | 151.69 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,771 | 3,684 | 3,601 | 2,929 | 2,626 | 3,174 | 3,144 | 2,757 |
| Revenue growth (YoY) | +5.5% | +16.0% | +14.6% | +6.3% | +11.4% | - | - | - |
| Other income | 310 | 281 | 262 | 276 | 324 | 323 | 286 | 269 |
| Total expenses | 2,338 | 3,308 | 2,714 | 2,235 | 2,324 | 3,055 | 2,327 | 2,246 |
| EBITDA | 433 | 376 | 887 | 695 | 302 | 119 | 817 | 511 |
| EBITDA margin | +15.6% | +10.2% | +24.6% | +23.7% | +11.5% | +3.8% | +26.0% | +18.5% |
| Depreciation | 23.20 | 22.88 | 23.21 | 23.53 | 23.06 | 28.60 | 39.86 | 23.35 |
| Interest | 35.68 | 10.01 | 5.95 | 7.82 | 35.36 | 7.72 | 1.11 | 4.65 |
| Profit before tax | 684 | 625 | 1,120 | 939 | 567 | 406 | 1,063 | 751 |
| Tax | 174 | 161 | 282 | 224 | 148 | 79.39 | 294 | 188 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 12,840 | 11,432 | 9,467 | 7,827 | 5,733 | 4,048 | 4,905 |
| Revenue growth | +12.3% | +20.8% | +20.9% | +36.5% | +41.6% | -17.5% | - |
| Other income | 1,143 | 1,159 | 1,138 | 713 | 434 | 600 | 612 |
| Total expenses | 10,578 | 9,339 | 8,051 | 7,027 | 5,305 | 3,948 | 4,654 |
| Employee cost | 937 | 979 | 897 | 793 | 799 | 653 | 781 |
| EBITDA | 2,262 | 2,093 | 1,416 | 801 | 429 | 100 | 250 |
| EBITDA margin | +17.6% | +18.3% | +15.0% | +10.2% | +7.5% | +2.5% | +5.1% |
| Depreciation | 92.68 | 115 | 83.13 | 75.58 | 74.51 | 59.65 | 68.75 |
| Interest | 61.26 | 27.73 | 9.33 | 9.18 | 14.94 | 10.78 | 35.83 |
| Profit before tax | 3,250 | 3,109 | 2,461 | 1,429 | 773 | 630 | 758 |
| Tax | 815 | 784 | 616 | 357 | 186 | 150 | 350 |
| Net profit | 2,433 | 2,324 | 1,844 | 1,072 | 596 | 576 | 415 |
| Net profit margin | +19.0% | +20.3% | +19.5% | +13.7% | +10.4% | +14.2% | +8.5% |
| EPS (₹) | 60.38 | 57.63 | 91.50 | 53.19 | 29.08 | 23.78 | 20.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 202 | 202 | 202 | 202 | 202 | 202 | 202 |
| Reserves & surplus | 8,641 | 6,979 | 5,369 | 3,976 | 3,120 | 2,717 | 2,380 |
| Shareholders' funds (net worth) | 8,843 | 7,181 | 5,571 | 4,178 | 3,321 | 2,919 | 2,581 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.18 | 20.33 | 16.55 | 6.04 | 11.64 | 29.66 | 0.00 |
| Total debt | 0.18 | 20.33 | 16.55 | 6.04 | 11.64 | 29.66 | 0.00 |
| Total liabilities | 10,336 | 8,126 | 6,157 | 4,746 | 4,057 | 3,843 | 4,003 |
| Assets | |||||||
| Gross block | 2,128 | 2,079 | 1,355 | 1,482 | 1,352 | 1,129 | 1,056 |
| Net block | 1,432 | 1,466 | 838 | 1,024 | 965 | 807 | 836 |
| Capital work in progress | 245 | 133 | 71.63 | 61.62 | 86.94 | 80.15 | 79.96 |
| Investments | 243 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Inventories | 2,564 | 4,634 | 5,728 | 7,369 | 7,703 | 5,891 | 4,625 |
| Sundry debtors | 2,564 | 1,067 | 1,847 | 1,002 | 1,005 | 966 | 1,433 |
| Cash & bank balances | 12,878 | 16,150 | 14,210 | 13,286 | 11,480 | 8,028 | 5,798 |
| Loans & advances | 3,759 | 2,960 | 4,018 | 4,440 | 6,343 | 7,202 | 6,218 |
| Total current assets | 21,764 | 24,811 | 25,803 | 26,098 | 26,532 | 22,086 | 18,074 |
| Total current liabilities | 15,310 | 19,919 | 22,633 | 24,147 | 25,180 | 20,785 | 16,462 |
| Net working capital | 6,454 | 4,891 | 3,170 | 1,951 | 1,352 | 1,301 | 1,612 |
| Total assets | 10,336 | 8,126 | 6,157 | 4,746 | 4,057 | 3,843 | 4,003 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 5,285 | 5,218 | 1,868 | 720 | 740 | 483 | 730 |
| Net cash from operating activities | (2,761) | 2,102 | 684 | 1,516 | (163) | 68.21 | (95.54) |
| Net cash from investing activities | 975 | (1,299) | 3,115 | (150) | 326 | 348 | 454 |
| Net cash from financing activities | (834) | (736) | (448) | (218) | (183) | (160) | (605) |
| Net change in cash | (2,620) | 66.91 | 3,350 | 1,148 | (19.44) | 257 | (246) |
| Closing cash | 12,878 | 16,150 | 14,210 | 13,286 | 11,480 | 8,028 | 5,798 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.3% | +20.8% | +20.9% | +36.5% | +41.6% | -17.5% | - |
| EBITDA growth | +8.1% | +47.8% | +76.8% | +86.8% | +327.9% | -60.0% | - |
| PBT growth | +4.5% | +26.3% | +72.2% | +85.0% | +22.7% | -16.9% | -8.1% |
| Net income growth | +4.7% | +26.0% | +72.1% | +79.9% | +3.5% | +38.7% | - |
| Revenue CAGR (3Y) | +17.9% | +25.9% | +32.7% | +16.9% | +7.5% | -3.4% | +11.6% |
| EBITDA CAGR (3Y) | +41.4% | +69.7% | +141.8% | +47.3% | +17.9% | -12.5% | +25.6% |
| Profitability & leverage | |||||||
| Net income margin | +19.0% | +20.3% | +19.5% | +13.7% | +10.2% | +11.9% | +8.3% |
| Return on capital employed | +35.9% | +43.9% | +45.3% | +32.7% | +19.9% | +19.6% | +19.4% |
| Return on net worth | +30.4% | +36.5% | +37.9% | +28.6% | +18.8% | +20.9% | +15.2% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 2.82 | 1.40 | 0.70 | 1.27 | 4.22 | 26.62 | 19.72 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.10 | 6.66 | 6.67 | 5.52 | 4.62 | 3.71 | 4.76 |
| Inventory turnover | 3.57 | 2.21 | 1.45 | 1.04 | 0.84 | 0.77 | 1.17 |
| Debtors turnover | 7.07 | 7.85 | 6.64 | 7.80 | 5.82 | 3.37 | 3.38 |
| EPS (₹) | 60.38 | 57.63 | 91.50 | 53.19 | 29.08 | 23.78 | 20.25 |
| Dividend per share (₹) | 18.12 | 17.31 | 27.45 | 15.96 | 8.73 | 7.24 | 10.77 |
| Book value per share (₹) | 219.23 | 178.02 | 276.20 | 207.13 | 164.68 | 144.73 | 127.98 |
To see the full year-wise statements and ratios of Mazagon Dock Shipbuilders Limited, buy the company report.
Board of directors of Mazagon Dock Shipbuilders Limited
Mazagon Dock Shipbuilders has 7 current directors and 59 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Biju George | Whole-Time Director | 27 Oct 2021 | 4 Years 11 Months | Current |
| Vasudev Ranganath Puranik | Whole-Time Director | 09 Jun 2022 | 4 Years 4 Months | Current |
| Kedarnath Gupta | Director | 21 May 2025 | 1 Years 5 Months | Current |
| Jagmohan | Managing Director | 21 Apr 2025 | 1 Years 6 Months | Current |
| Shailesh Bhalachandra Jamgaonkar | Whole-Time Director | 25 Mar 2025 | 1 Years 6 Months | Current |
| Ruchir Agrawal | Whole-Time Director | 07 Mar 2025 | 1 Years 7 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Mazagon Dock Shipbuilders Limited is audited by C. R. Sagdeo & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. R. Sagdeo & Co | FY 2023 | 108959W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 81.20%, foreign institutional investors hold 1.70%, domestic institutional investors hold 5.00% and retail and other public shareholders hold 12.10%.
Sep 2026
QUARTER
81.20% Promoters
5.00% DII (Domestic Institutional)
1.70% FII (Foreign Institutional)
12.10% Retail & Others
Promoter holding - history
Now 81.20% · Sep 2026High 81.20% · Dec 2025Low 81.20% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 81.20% | 81.20% | 81.20% | 81.20% |
| Public | 18.80% | 18.80% | 18.80% | 18.80% |
Charges & borrowings
Open charges
₹5,000 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Apr 1994 | 80024486 | Sbicap Trustee Company Limited | ₹5,000 Cr | Open |
To see the full charge records of Mazagon Dock Shipbuilders Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Mazagon Dock Shipbuilders Limited has 19 deals on record (11 market trades, 6 secondary share transfers, 1 funding round), with disclosed funding of ₹98.98 Cr; the latest was in September 2023.
Total deals
19
Market trades
11
Secondary share transfers
6
Funding round
1
IPO
1
Disclosed funding
₹98.98 Cr
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Market trade | ₹251.46 Cr | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
| Sep 2023 | Market trade | ₹217.79 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jun 2023 | Market trade | ₹161.87 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jun 2023 | Market trade | ₹149.77 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Nov 2022 | Market trade | ₹113.16 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Mazagon Dock Shipbuilders Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mazagon Dock Shipbuilders Limited has 109 court cases on record: 57 filed by Mazagon Dock Shipbuilders, 52 filed against it. 12 cases are pending and 97 are disposed.
Total cases
109
Filed by the company
57
Filed against the company
52
Pending
12
Disposed
97
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 89 | 43 | 12 |
| District courts | 13 | 4 | 0 |
| Supreme Court | 6 | 5 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 109)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARBP) | Filed against the company by Swirl Offshore Private Limited | Disposed |
| Supreme Court | Arbitration matter | Filed against the company by Swirl Offshore Private Limited | Disposed |
| High Court, MAHARASHTRA | Court case (COMIP) | Filed against the company by Elcome Integrated Systems Private Limited | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Paresh Constructions and Foundations Pvt. Ltd. | Disposed |
| High Court, MAHARASHTRA | Court case (CARAP) | Filed against the company by Shripati Infrastructures Pvt. Ltd. | Disposed |
To see the full case history of Mazagon Dock Shipbuilders Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Mazagon Dock Shipbuilders Limited was last rated by Brickwork on 09 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 09 Mar 2021 |
To see the full credit ratings and regulatory alerts of Mazagon Dock Shipbuilders Limited, buy the company report.
MSME payment delays
Mazagon Dock Shipbuilders Limited has 7 MSME Form 1 returns on record between 2018 and 2024, listing 154 overdue payments to 45 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 45)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Kaushik Mechelectro Private Limited | |||
| Ajanta Surface Treatment Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Mazagon Dock Shipbuilders Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mazagon Dock Shipbuilders has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
GST
Mazagon Dock Shipbuilders has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM8029J1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mazagon Dock Shipbuilders Limited, buy the company report.
Recent activity
Mazagon Dock Shipbuilders Limited has 113 board changes on record since 2002: 63 appointments and 50 cessations. The latest: Dinesh Mahur was appointed as Nominee Director on 30 Apr 2026.
Appointed
Dinesh Mahur was appointed as Nominee Director.
Filing
Mazagon Dock Shipbuilders Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 5,000.00 Cr registered on 22 Apr 1994 with Charge ID 80024486 was modified on 07 Nov 2025.
AGM
Mazagon Dock Shipbuilders Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Appointed
Lalatendu Acharya was appointed as Company Secretary.
Appointed
Kedarnath Gupta was appointed as Director.
Appointed
Jagmohan was appointed as Managing Director.
Appointed
Veni Thapar was appointed as Director.
Appointed
Vivek Atul Bhuskute was appointed as Director.
Appointed
Shailesh Bhalachandra Jamgaonkar was appointed as Whole-Time Director.
Appointed
Ruchir Agrawal was appointed as Whole-Time Director.
Ceased
Sanjeev Singhal ceased to be Director.
106 earlier events are in the company report.
News
Mazagon Dock Shipbuilders: Co Confirms No Progress on Thoothukudi Shipyard Project; Chosen as Main Shipyard for New Clusters at Dighi and Dugarajapatnam Under Maritime Amrit Kaal Vision 2047.
Mazagon Dock: Signs ₹15,000 Crore Deal For New Shipyard In Andhra Pradesh
Mazagon Dock Shipbuilders: To Hold Meeting With Analysts And Investors On September 24.
Frequently asked questions
Mazagon Dock Shipbuilders is an active public limited union government company based in Mumbai, Maharashtra, India. The company works in port infrastructure and development, within the infrastructure and utilities industry. It was incorporated on 26 February 1934 (92+ years old) and is registered under CIN L35100MH1934GOI002079. Listed on BSE: 543237 and NSE: MAZDOCK.
Mazagon Dock Shipbuilders reported revenue of ₹13,006 Cr for FY 2025-26 (up 13.8% YoY) based on consolidated financials.
Mazagon Dock Shipbuilders has 7 current directors:
- Jagmohan - Managing Director
- Biju George - Whole-Time Director
- Vasudev Ranganath Puranik - Whole-Time Director
- Shailesh Bhalachandra Jamgaonkar - Whole-Time Director
- Ruchir Agrawal - Whole-Time Director
- Kedarnath Gupta - Director
- Dinesh Mahur - Nominee Director
The latest financial statements of Mazagon Dock Shipbuilders on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mazagon Dock Shipbuilders is 27AAACM8029J1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mazagon Dock Shipbuilders is L35100MH1934GOI002079. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Mazagon Dock Shipbuilders is a listed company as per MCA records. Its shares are listed on both BSE (code: 543237) and NSE (symbol: MAZDOCK).
Mazagon Dock Shipbuilders has 109 court cases on record: 57 filed by the company and 52 filed against it. 12 are pending. Most are in the high courts.
Mazagon Dock Shipbuilders was incorporated on 26 February 1934, making it 92+ years old. It is registered with the Registrar of Companies, Mumbai.
Mazagon Dock Shipbuilders has 19 deals on record (11 market trades, 6 secondary share transfers, 1 funding round), with disclosed funding of ₹98.98 Cr; the latest was in September 2023.
Dinesh Mahur was appointed as Nominee Director on 30 Apr 2026. Lalatendu Acharya was appointed as Company Secretary on 12 Jun 2025. Kedarnath Gupta was appointed as Director on 21 May 2025. Mazagon Dock Shipbuilders has 113 board changes on record in total.