Last Updated: September 2, 2025 | Mazagon Dock Shipbuilders Limited (NSE: MAZDOCK, BSE: 543237)
AI Overview: MAZDOCK Investment Potential
Mazagon Dock Shipbuilders Limited (MAZDOCK), India’s premier shipyard, is positioned for significant growth through 2030 driven by India’s naval expansion and defense modernization initiatives. Current analyst projections show substantial divergence, with price targets ranging from ₹1,300 to ₹21,882 by 2030.
Key takeaways for investors:
- Growth Catalyst: Massive ₹1,25,000 crore order book pipeline with government backing for naval projects
- Financial Strength: Zero debt, high ROE (32-34%), and expanding profit margins (18% EBITDA in FY25)
- Valuation Concern: High P/E ratio of 51.5 demands flawless execution to justify premium
- 2030 Projections: Bullish targets up to ₹21,882 (7-8x growth) but expect volatility en route
Note: This AI overview summarizes key points. Detailed analysis, financial data, and expert projections follow below.
Mazagon Dock Shipbuilders Limited (MAZDOCK), one of India’s premier shipbuilding companies, is drawing heightened attention from both new and experienced investors. As the nation’s drive for naval expansion and defense modernization propels this PSU (Public Sector Undertaking) forward, many are asking: “What is the MAZDOCK share price target for 2030?” This article delivers an in-depth, data-driven perspective, blending the latest quarterly results, top analyst forecasts, technicals, and a step-by-step investment guide—especially for those fresh to the Indian stock market.
MAZDOCK in 2025: Latest Data and Context
Company Overview and Industry Position
Mazagon Dock Shipbuilders Limited is India’s leading shipyard, based in Mumbai, specializing in the construction and repair of warships and submarines for the Indian Navy and Coast Guard. It also pursues commercial and export business, amplifying prospects beyond government contracts.
Q1 FY25 Financial Highlights
- Revenue for June 2025: ₹2,914 crore—a decline from ₹3,483 crore in March 2025 (down 16.33% QoQ), mostly due to billing cycles rather than order reduction.
- EBITDA for June 2025: ₹591 crore, up 47.93% from the previous quarter.
- Net profit for June 2025: ₹419.28 crore (up 44.37% QoQ).
- Annual Financials (FY25): Revenue touched a record of ₹11,431 crore, and net profit after tax stood at ₹2,324.88 crore, indicating sustained margin expansion.
Market Data and Technical Levels
- Share Price (Sept 1, 2025 Closing): ₹2,660.00
- Market Cap: ₹1,07,029 crore.
- 52-week range: ₹1,918.05 – ₹3,775.00.
- P/E Ratio: 51.5 (TTM), indicating high valuation for a PSU, justified by robust growth prospects.
- Dividend Yield: 0.65%.
| Metric | Value (Sept 2025) |
|---|---|
| Share Price | ₹2,660.00 |
| Market Cap | ₹1,07,029 crore |
| P/E Ratio | 51.5 |
| EPS (TTM) | ₹53.78 |
| Book Value | ₹180.67/share |
| Dividend Yield | 0.65% |
MAZDOCK Share Price Target for 2030
Analyst Price Targets and Projections
There is notable divergence in forecasts for 2030, reflecting different analytic methods:
- SharePrice-Target.com predicts a price target of ₹18,000 to ₹21,882 per share in 2030, indicating a potential 7–8x growth from current levels.
- Wallet Investor’s Forecast (more conservative): Predicts per-share levels oscillating between ₹1,300–₹2,000 in the same period, possibly outdated or based on earlier price history.
- Indiapropertydekho: Predicts a somewhat less bullish target, ₹8,390–₹10,720, citing variable growth factors.
| Source | Target Price Range (2030, INR) |
|---|---|
| SharePrice-Target.com | 18,000 – 21,882 |
| Wallet Investor | 1,300 – 2,000 |
| Indiapropertydekho | 8,390 – 10,720 |
What Drives These Forecasts?
- Order book pipeline: The company leverages a current order book of over ₹32,000 crore, with a high probability of expanding to ₹1,25,000 crore amid new submarine projects and exports.
- Modernization and Capacity Expansion: Ongoing capital expenditure will almost double shipyard output, strengthening competitiveness.
- Government Defense Outlay: Increased defense capital expenditure ensures continued work for MAZDOCK, reducing order risk.
Yearly Price Target Breakdown
Detailed projections from Shareprice-Target.com:
| Year | Low Target (INR) | High Target (INR) |
|---|---|---|
| 2026 | 4,524 | 8,651 |
| 2027 | 7,368 | 11,890 |
| 2028 | 11,258 | 15,055 |
| 2029 | 14,758 | 18,441 |
| 2030 | 18,000 | 21,882 |
Monthly Price Projections for 2030 (Shareprice-Target.com)
| Month | Min Price | Max Price |
|---|---|---|
| January | 18,000 | 18,878 |
| March | 18,568 | 19,245 |
| June | 19,254 | 20,257 |
| September | 19,987 | 21,124 |
| December | 20,989 | 21,882 |
Key Factors Impacting Share Price Into 2030
1. Strong Order Book and Backlog
MAZDOCK is a critical onshore shipyard for India’s naval programs. With several advanced destroyers and submarine projects on order, the company’s backlog covers multiple years of revenue, insulating it from immediate headwinds. Any fresh mega-contract (e.g., for the future submarine program P-75I) could catalyze a step-change in earnings potential.
2. Capacity Upgrades and Modernization
Ongoing CapEx is expected to double ship construction capacity by 2026-27, supporting both government and private/commercial orders.
3. Margin and Profitability Trajectory
- FY25 EBITDA Margin: 18.02% (forecast to rise above 21% by 2027).
- Net Margin: 21.11% (projected to trend toward 22% for FY27).
- ROE (Return on Equity): ~32–34%, well above PSU and industry averages.
| Year | EBITDA Margin % | Net Margin % | ROE % |
|---|---|---|---|
| 2025 | 18.02 | 21.11 | 34.03 |
| 2026 | 18.14 | 20.98 | 32.14 |
| 2027 | 22.17 | 22.08 | 29.8 |
4. Risks and Volatility
- Order Lumps and Delays: Large defense contracts may be lumpy and prone to government delays.
- Input Cost Inflation: Substantial provisions (₹532 crore in 2025) were made for cost overruns—these could return if global inflation persists.
- High Valuation Risk: With a current trailing P/E ~51.5, expectations are high, and any earnings miss or industry derating could trigger sharp corrections.
Review of Latest Quarterly Results (Q1, June 2025)
| Quarter | Revenue (Rs Cr) | EBITDA (Rs Cr) | Net Profit (Rs Cr) |
|---|---|---|---|
| Mar ’25 | 3,483 | 400 | 290 |
| Jun ’25 | 2,914 | 591 | 419 |
Observation: Despite revenue declining QoQ, profitability sharply improved due to operational leverage and cost controls.
Profit margin expansion is a key highlight attracting institutional investors.
Expert Recommendation Roundup for 2025–2026
- Antique Broking (June 2025): Buy, 10% upside to immediate target of ₹3,858.
- Consensus from Four Analysts (2025): UNDERPERFORM with an average price target of ₹2,846 (note this reflects short-term targets and recent stock fall from all-time highs of ₹3,775).
Technical Analysis Snapshot (As of Sept 2025)
Support and Resistance
- Strong support: ~₹2,833.00 (recent volume build-up).
- Resistance: ₹2,950–₹3,027; previous pivot was ₹3,775 (52wk high).
- Technical Trend: Oversold on RSI14 (~12), indicating a possible technical bounce for swing traders.
- Volatility: 85-100 points/day (~2.97% daily move), with significant volume action.
Peer Comparison Table (Key Metrics: September 2025)
| Company | Price | Mkt Cap (Cr) | P/E TTM | EPS (TTM) | ROE (%) |
|---|---|---|---|---|---|
| MAZDOCK | 2,653 | 1,07,028 | 51.50 | 53.78 | 32.37 |
| Cochin Shipyard | 1,674 | 44,037 | 52.37 | — | 14.82 |
| GRSE | 2,485 | 28,466 | 50.80 | — | 25.36 |
| VMS Industries | 34.40 | 84 | 12.69 | — | 7.07 |
Step-by-Step Guide: How to Buy MAZDOCK Shares (For Beginners)
Step 1: Choose a Reputable Brokerage
Select a SEBI-registered broker (like Zerodha, ICICI Direct, Upstox, Angel One). Open a demat and trading account.
Step 2: Complete KYC Process
Submit PAN, Aadhaar, address proof, and complete in-person (eKYC/video KYC) verification.
Step 3: Fund Your Trading Account
Transfer money from your bank account to your broker’s trading account using NetBanking/UPI.
Step 4: Research the Share
- Check recent news, analyst targets, and peer comparison for the stock.
- Read through company’s financials, updates, and quarterly results (available on NSE, BSE, and Moneycontrol).
Step 5: Place a Buy Order
On the broker’s platform, search for “MAZDOCK” or “Mazagon Dock Shipbuilders Ltd,” enter the number of shares, and decide between market order (immediate buy) or limit order (buy at a fixed price).
Step 6: Monitor and Review
Regularly monitor the holding, stay updated on announcements, order inflows, and industry trends.
Step 7: Understand Risks
- Set stop-loss or alerts to manage downside risk.
- Diversify portfolio, and avoid overexposure to one sector—even as defense shares look attractive.
Prospects and Strategies for New Investors
Why Consider MAZDOCK?
- Strong financials: Zero debt, rising book value, high ROE, consistent profit growth.
- India’s defense focus: Large order book supported by national priorities and the Make in India policy.
- Potential for export growth: Strategic partnerships and technology transfers could open up global opportunities by 2030.
Key Risks
- Project execution risk: Delays or overruns can affect profitability.
- High current valuation: High P/E ratios can deter fresh capital inflow if growth slows.
- Policy changes: Geopolitical/economic shocks may cause volatility.
Frequently Asked Questions
Is MAZDOCK a Good Buy for Long-Term Investors?
Most evidence points to ‘Yes’—provided the investor understands the cyclical and lumpy nature of defense-sector earnings and is patient with near-term volatility.
What Returns Can a New Investor Expect by 2030?
If the company achieves its target order inflow and operational expansion, returns could exceed 500% from September 2025 to 2030, if the upper price target is achieved (see target table). However, expect annual volatility and possible corrections en route.
How Do I Track Latest News for MAZDOCK?
- Visit financial portals (Moneycontrol, NSE, BSE)
- Check quarterly reports and press releases
- Follow brokerage and analyst calls for revised targets
Conclusion
MAZDOCK’s trajectory is shaped by robust government support, capacity upgrades, and continued order inflows. Consensus among bullish analysts sees the share price reaching as high as ₹21,882 by 2030, while more conservative models project targets as low as ₹1,300–2,000. The reality will depend on execution, industry cycles, and market sentiment. For new investors, MAZDOCK remains a compelling—though not risk-free—stock pick for India’s defense-led growth decade.
Disclaimer: Stock market investing involves risks. While this article provides up-to-date, multi-source information, individual research and risk management are essential. Consult a financial advisor before investing.
