Mazagon Dock Shipbuilders Share Price Target 2025, 2030, 2040, 2050
Mazagon Dock Shipbuilders Ltd. (MDL) is a big name in India’s shipbuilding industry. Started in 1774, it is based in Mumbai and mainly builds warships and submarines for the Indian Navy. The company specializes in creating and repairing warships, submarines, and offshore platforms. MDL is the only Indian shipyard capable of constructing destroyers and conventional submarines, making it a vital asset for national defense. The company also makes ships for oil and gas companies.
This blog will provide the details of Mazagon Dock Shipbuilders Share Price targets as far as 25 years from now (2025 – 2050) based on its fundamentals, market position, and growth potential.
What is Mazagon Dock Shipbuilders Ltd NSE: MAZDOCK?
MDL has two main divisions: Shipbuilding and Submarine and Heavy Engineering. It repairs and maintains naval ships and submarines. The company is expanding by working on helicopters and offshore projects. It has partnered with Germany’s ThyssenKrupp to build submarines. MDL continues to invest in capacity expansion and indigenous manufacturing. It also develops AI-enabled inspection technologies and invests in R&D for sustainable maritime solutions.
Fundamental Data
| Metric | Value |
|---|---|
| Market Cap | ₹ 94,318 Cr. |
| High / Low | ₹ 2,930 / 898 |
| Stock P/E | 34.3 |
| Book Value | ₹ 181 |
| Dividend Yield | 0.59% |
| ROCE | 44.2% |
| ROE | 35.2% |
| Face Value | ₹ 5.00 |
| Industry PE | 42.7 |
| Net Cash Flow (PY) | ₹ 1,148 Cr. |
| EPS | ₹ 68.2 |
| Promoter Holding | 84.8% |
| PEG Ratio | 1.16 |
| Net Profit | ₹ 2,751 Cr. |
| Debt | ₹ 36.2 Cr. |
| Dividend Last Year | ₹ 553 Cr. |
| Current Liabilities | ₹ 20,356 Cr. |
| Current Assets | ₹ 23,943 Cr. |
| ROE (5-Yr Variation) | 14.9% |
| Debt to Equity | 0.00 |
| Price to Earnings | 34.3 |
| Price to Book Value | 12.9 |
| PBT (Annual) | ₹ 2,425 Cr. |
| Graham Number | ₹ 527 |
Peer Comparison
| S.No | Name | P/E | Market Cap (₹ Cr.) | Div. Yield (%) | NP Qtr (₹ Cr.) | Qtr Profit Var (%) | Sales Qtr (₹ Cr.) | Qtr Sales Var (%) | ROCE (%) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Mazagon Dock | 34.28 | 94,318.31 | 0.59 | 807.04 | 28.76 | 3143.62 | 33.06 | 44.19 |
| 2 | Cochin Shipyard | 42.71 | 35,143.65 | 0.73 | 184.29 | -25.70 | 1069.88 | 4.74 | 21.62 |
| 3 | Garden Reach Sh. | 40.20 | 15,867.17 | 0.68 | 98.19 | 11.26 | 1271.01 | 37.69 | 27.37 |
| 4 | Zen Technologies | 53.34 | 11,335.50 | 0.08 | 42.67 | 33.07 | 152.21 | 52.94 | 45.97 |
| 5 | Taneja Aerospace | 55.19 | 798.55 | 1.28 | 4.40 | 76.00 | 8.97 | 20.40 | 13.26 |
| Period | Share Price (INR) |
|---|---|
| Before 1 Year | ₹1032.28 |
| Before 6 Months | ₹2157 |
| Before 5 Years | ₹83.38 |
| All-Time Max | ₹2930 |
Mazagon Dock Shipbuilders makes warships, submarines, and commercial vessels. It also repairs ships and builds offshore platforms. The company is growing with big defense orders, new submarine projects, and exports. Strong government support and a Make in India push can boost profits. The price may fluctuate tomorrow, but the long-term growth potential remains strong.
| Day | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| Tomorrow | -56 from today’s price | +98 from today’s price |
MDL Indicator Based Technical Analysis
NOTE!
Signals may differ across timeframes. If you’re planning to purchase MAZDOCK and keep it for more than one week, it’s suggested that you choose signals from weekly and daily timeframes. For trading in the short term, signals that range from 5 minutes to 1-hour timeframes are better appropriate.
Mazagon Dock Shipbuilders Ltd (MDL) is India’s leading shipbuilding company. It has been building warships, submarines, and commercial vessels for decades. The company is crucial in India’s defense sector, working closely with the Indian Navy. With a strong order book, government support, and continuous upgrades in technology, MDL is set for long-term growth. The company has also expanded into the repair and maintenance of vessels, adding more revenue streams. As India strengthens its naval power, MDL will benefit from higher demand for warships and submarines.
Our analysis shows that the share price is expected to be between Rs 1650 and Rs 2950.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2025 | 1650 | 2950 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 2000 | 2450 |
| February | 1900 | 2500 |
| March | 1925 | 2550 |
| April | 1750 | 2500 |
| May | 1650 | 2350 |
| June | 1800 | 2600 |
| July | 1950 | 2700 |
| August | 2000 | 2750 |
| September | 2100 | 2800 |
| October | 2250 | 2850 |
| November | 2450 | 2900 |
| December | 2650 | 2950 |
MDL has been actively modernizing its facilities to improve efficiency and production capacity. The company has invested heavily in upgrading its shipyards, adding advanced manufacturing equipment, and adopting AI-driven inspection systems. These upgrades reduce construction time and improve the quality of ships and submarines. Additionally, the company has started working on greenfield projects to expand shipbuilding capacity. The new dry dock and ship repair facility will further boost business in the coming years. With these improvements, MDL can handle more projects and deliver ships faster.
Our analysis shows that the share price is expected to be between Rs 2025 and Rs 3450.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2026 | 2025 | 3450 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 2200 | 2700 |
| February | 2150 | 2800 |
| March | 2180 | 2900 |
| April | 2100 | 2850 |
| May | 2025 | 2750 |
| June | 2100 | 3000 |
| July | 2250 | 3150 |
| August | 2350 | 3200 |
| September | 2450 | 3250 |
| October | 2600 | 3300 |
| November | 2800 | 3400 |
| December | 3000 | 3450 |
The company also focuses on new technologies to stay ahead in the industry. It has partnered with IIT Madras to develop AI-enabled inspection systems, improving safety and efficiency in ship construction. Moreover, MDL is investing in underwater autonomous technology, which will be crucial for future naval warfare. Adopting sustainable and environmentally friendly transport solutions is another area of growth. MDL is continuously innovating as a leader in shipbuilding and defense technology.
Our analysis shows that the share price is expected to be between Rs 6500 and Rs 7900.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2030 | 6500 | 7900 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 6700 | 7100 |
| February | 6650 | 7200 |
| March | 6750 | 7300 |
| April | 6600 | 7250 |
| May | 6500 | 7100 |
| June | 6700 | 7400 |
| July | 6900 | 7600 |
| August | 7000 | 7700 |
| September | 7100 | 7800 |
| October | 7250 | 7850 |
| November | 7400 | 7900 |
| December | 7500 | 7900 |
MDL has a diverse customer base, including the Indian Navy, Coast Guard, and international clients. The company has also secured contracts from oil and gas exploration companies for offshore platforms. MDL is set to gain more international orders with its growing presence in global markets. The government’s increasing defense budget will further support the company’s growth. Since MDL has zero debt and operates profitably, it is in a strong position to expand its business without financial stress.
Our analysis shows that the share price is expected to be between Rs 12,500 and Rs 13,900.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2040 | 12,250 | 13,900 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 12,500 | 13,000 |
| February | 12,400 | 13,100 |
| March | 12,600 | 13,300 |
| April | 12,350 | 13,250 |
| May | 12,250 | 13,100 |
| June | 12,500 | 13,500 |
| July | 12,750 | 13,700 |
| August | 12,900 | 13,800 |
| September | 13,000 | 13,850 |
| October | 13,150 | 13,880 |
| November | 13,300 | 13,900 |
| December | 13,500 | 13,900 |
Looking ahead, MDL’s future remains bright. The company is not only delivering high-quality ships and submarines but also expanding into new segments like helicopter maintenance and offshore engineering. With a strong order book, modernized equipment, and government backing, the company is expected to grow steadily. As India strengthens its defense capabilities, MDL will play a vital role in building a decisive naval force. Investors looking at the company’s long-term potential can expect steady growth, driven by strong fundamentals and consistent government support.
Our analysis shows that the share price is expected to be between Rs 18,500 and Rs 22,500.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2050 | 18,500 | 22,500 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 18,700 | 19,800 |
| February | 18,600 | 20,000 |
| March | 18,900 | 20,500 |
| April | 18,750 | 20,300 |
| May | 18,500 | 20,100 |
| June | 19,000 | 21,000 |
| July | 19,500 | 21,500 |
| August | 19,800 | 22,000 |
| September | 20,100 | 22,200 |
| October | 20,500 | 22,300 |
| November | 21,000 | 22,400 |
| December | 21,500 | 22,500 |
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2025 | 1650 | 2950 |
| 2026 | 2025 | 3450 |
| 2030 | 6500 | 7900 |
| 2040 | 12250 | 13900 |
| 2050 | 18500 | 22500 |
| Shareholders | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|
| Promoters | 84.83% | 84.83% | 84.83% | 84.83% |
| FIIs | 1.55% | 1.45% | 2.44% | 2.38% |
| DIIs | 1.46% | 1.00% | 0.83% | 0.66% |
| Public | 12.16% | 12.72% | 11.89% | 12.12% |
Cochin Shipyards Share Price Target 2025, 2026, 2030, 2040, 2050
Should I Buy Mazagon Dock Shipbuilders Stock?
Mazagon Dock has a strong promoter holding at 84.83%, showing stability. FIIs reduced stakes, but DIIs increased, meaning big investors trusted it. Public holding is steady. Business is growing with big defense orders. If you want a long-term stock with government backing, it looks good to buy for future gains.
Mazagon Dock Shipbuilders Ltd Earning Results (Financials)
| Metric | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Sales (₹ Cr.) | 11,361 | 9,467 | 7,827 | 5,733 | 4,048 |
| Expenses (₹ Cr.) | 8,867 | 8,051 | 7,027 | 5,292 | 3,822 |
| Operating Profit (₹ Cr.) | 2,494 | 1,416 | 801 | 441 | 226 |
| OPM % | 22% | 15% | 10% | 8% | 6% |
| Other Income (₹ Cr.) | 1,160 | 1,101 | 687 | 396 | 448 |
| Interest (₹ Cr.) | 5 | 9 | 9 | 14 | 11 |
| Depreciation (₹ Cr.) | 110 | 83 | 76 | 75 | 60 |
| Profit Before Tax (₹ Cr.) | 3,540 | 2,425 | 1,403 | 749 | 604 |
| Tax % | — | 25% | 25% | 25% | 25% |
| Net Profit (₹ Cr.) | 2,751 | 1,937 | 1,119 | 611 | 514 |
| EPS (₹) | 68.20 | 48.02 | 27.74 | 15.14 | 12.74 |
| Dividend Payout % | — | 29% | 29% | 29% | 28% |
Expert Forecasts On The Future Of Mazagon Dock Shipbuilders Ltd.
Mazagon Dock Shipbuilder is growing well. Sales increased from ₹4,048 Cr. in 2021 to ₹11,361 Cr. in TTM. Profit is rising, and operating margins jumped from 6% to 22%. Experts say strong order books, defense contracts, and government support will boost future growth. Long-term investors can hold for steady returns.
Is Mazagon Dock Shipbuilders Stock Good to Buy? (Bull case & Bear case)
Bullish Case:
The company’s sales and profit are rising steadily.
The operating profit margin has increased from 6% to 22%.
Key defense contracts provide stability and long-term growth.
A strong pipeline of orders ensures future revenue.
Bearish Case:
Defense projects take a long time to complete.
The shipbuilding business depends heavily on government orders.
The stock price has risen sharply, making the valuation high.
Conclusion
Mazagon Dock Shipbuilders makes warships, submarines, and repair services. It works mainly for the Indian Navy and oil companies. In the short term, more defense orders will boost growth. In the long term, new technology, exports, and govt. Projects will help the business expand in India and globally. If you’re considering an investment, you should read the full article for details about the company’s performance and future stock projections.
