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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
Mazagon Dock Shipbuilders declared an interim dividend of ₹5 per share. The record date for this payout is fixed as November 3, 2026, with a face value of ₹5 per equity share.
As of November 6, 2026, the stock has declined by 30.1% over the trailing one-year period. Year-to-date returns stand at -25.7%, while returns since the start of the tracking period are -18.0%.
The daily trend is bearish, with the stock closing at ₹1,840.0 on November 6, 2026. Immediate resistance is noted at ₹1,846.83 (pivot) and ₹1,856.97 (high), while support lies at ₹1,828.87 (low). The stock is currently trading near its recent highs within a broader downtrend.
Bajaj Broking identified Mazagon Dock among 17 F&O stocks that may see short covering activity on November 5, citing elevated open interest alongside weak price action. This observation is informational and does not constitute investment advice.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 6 candles
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Revenue From Operations | ₹2,929 crore | PEAK₹2,943 crore | ₹2,446 crore |
| Income | ₹3,200 crore | PEAK₹3,256 crore | ₹2,697 crore |
| Expenses | ₹2,266 crore | PEAK₹2,569 crore | ₹2,298 crore |
| Profit Before Exceptional Items And Tax | PEAK₹934 crore | ₹686 crore | ₹399 crore |
| Tax Expense | PEAK₹224 crore | ₹174 crore | ₹102 crore |
| Profit Loss For Period | PEAK₹749 crore | ₹550 crore | ₹346 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | PEAK₹18.58 per share | ₹13.62 per share | ₹8.53 per share |
Consolidated revenue from operations fell 16.9% year on year to ₹2,446 crore in the quarter ended 30 September 2026, while profit before tax dropped 57.2% to ₹399 crore. Profit for the period was ₹346 crore, down 53.8% year on year, and basic EPS declined to ₹8.53 from ₹18.58. Revenue and profit were also lower sequentially than in Q1 FY2026-27.
Cash and cash equivalents were ₹683 crore at 30 September 2026. Bank balances other than cash and cash equivalents stood at ₹10,960 crore, compared with ₹10,365 crore at 31 March 2026. These are closing balances and indicate that the reported liquidity position was concentrated in bank balances rather than cash equivalents.
Mazagon Dock’s Q2 FY2026-27 results show a broad earnings decline: revenue fell year on year and sequentially, while profit before tax and EPS were substantially lower than a year earlier. The balance sheet also shows higher noncurrent provisions and borrowings, alongside a marked reduction in trade receivables and a large bank-balance position at quarter-end.
Exchange disclosures and regulatory announcements for Mazagon Dock Shipbuilders.
SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 5 PER SHARE |FACE VALUE:5 |RECORD DATE:03-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-
SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 5 PER SHARE |FACE VALUE:5 |RECORD DATE:03-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-
SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 5 PER SHARE |FACE VALUE:5 |RECORD DATE:03-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-
SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 5 PER SHARE |FACE VALUE:5 |RECORD DATE:03-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-
SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 5 PER SHARE |FACE VALUE:5 |RECORD DATE:03-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-
SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 5 PER SHARE |FACE VALUE:5 |RECORD DATE:03-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-
Mazagon Dock Shipbuilders Limited clarified on 2 November 2026 that a 31 October media report about scouting partners for proposed shipbuilding hubs broadly reflects its plans and initiatives for Greenfield Shipbuilding Industrial Clusters at Dighi, Maharashtra, and Dugarajapatnam, Andhra Pradesh. The company is exploring potential partnerships, investment opportunities and financing arrangements; project structure, investment requirements, and other commercial and operational aspects remain under consideration and evaluation, subject to requisite approvals and finalization. The company said the observed share-price movement on 2 November was purely market-driven.
Mazagon Dock Shipbuilders Limited has informed the Exchange about Copy of Newspaper Publication for Unaudited Financial Results for the quarter ended 30 September 2026. |SUBJECT: Copy of Newspaper Publication
Recent market and company developments associated with Mazagon Dock Shipbuilders.
Bajaj Broking identified 17 F&O stocks, including Suzlon Energy, UPL, and PFC, as potential candidates for short-covering activity on November 5, citing a strong gap-up opening in Gift Nifty and derivative metrics showing elevated open interest alongside weak price action. The brokerage highlighted that stocks like UPL and Policybazaar exhibit positioning conditions that could trigger unwinding of short bets, while also noting breakout or resistance scenarios for other equities based on call open interest levels. Bajaj Broking cautioned that these observations are informational, do not constit
Multiple listed Indian companies, including Coal India, Hindustan Unilever, Power Grid Corporation of India, and Infosys Limited, have fixed record dates in November 2026 for various corporate actions such as dividends, stock splits, buybacks, rights issues, and bonus issues. Specific actions include dividend payouts for Colgate Palmolive and Asian Paints, stock splits for Gujarat National Resources and Interarch Building Solutions Limited, buybacks by FDC Limited and Medi Assist Healthcare Services, right issues by Crescentis Capital and Kanel Industries, and a 1:1 bonus issue by Concord Biotech.
More than 40 companies have scheduled record dates for various corporate actions including dividends, bonus issues, rights issues, and stock splits during the week of November 2–6, 2026. Key developments include Infosys and Asian Paints setting record dates for interim dividends, while Sanofi India is offering the week's highest announced dividend at Rs 75 per share.
Brokerage firm SMIFS issued positive stock picks for ITC Ltd, Larsen & Toubro Ltd, Mazagon Dock Shipbuilders Ltd, Olectra Greentech Ltd, Swiggy Ltd, and TVS Supply Chain Solutions Ltd ahead of Samvat 2083, assigning specific target prices and upside potentials based on fundamental valuations and growth visibility.
Mazagon Dock share price: State-run defence player Mazagon Dock Shipbuilders Ltd has been hit hard following a muted set of numbers in the September 2026 quarter.
Foreign investors reversed course to become net buyers on Tuesday, while domestic institutions sold shares worth ₹1,250 crore. The Sensex and Nifty ended marginally lower.
For Mazagon Dock, revenue from operations fell 16.5% year-on-year to Rs 2,446 crore from Rs 2,929 crore in the year-ago quarter. On a sequential basis, revenue declined 17% from Rs 2,942 crore in the preceding quarter. The pressure on profitability was also reflected in the companys margins, which contracted to 8.1% from 23.7% a year earlier.
The Sensex and Nifty ended nearly flat on Tuesday (October 27), as IT stocks saw profit booking and financials remained under pressure, while the Midcap index gained 565 points. Tata Consumer rose nearly 7% after its in-line Q2 results, while capital market stocks extended gains amid reports on LTCG and STT.
Comprehensive Section Breakdown for Mazagon Dock Shipbuilders
Strategic Vision: Builds and repairs ships, submarines, and offshore platforms for defense and commercial clients.
• Defense public sector undertaking status
• Extensive experience in building complex naval vessels and submarines
Revenue from operations decreased 16.9% from ₹2,943 crore in Q1 FY2026-27 and 16.5% from ₹2,929 crore in Q2 FY2025-26. Total income was ₹2,697 crore, down 17.2% sequentially, and expenses were ₹2,298 crore, a 10.6% decline from Q1. Expenses therefore contracted less than revenue on a sequential basis.
Q2 expenses included ₹649 crore of materials consumed, ₹452 crore of purchases of stock in trade, ₹252 crore of employee benefit expense and ₹30 crore of depreciation and amortisation. Finance costs were ₹21 crore, compared with ₹44 crore in Q1 FY2026-27 and ₹8 crore in Q2 FY2025-26.
Profit before tax declined 41.8% from ₹686 crore in Q1 FY2026-27 and 57.2% from ₹934 crore in Q2 FY2025-26. It was also below ₹1,120 crore in Q3 FY2026-27 and ₹793 crore in Q4 FY2025-26. Profit for the period fell 37.1% sequentially to ₹346 crore; profit from continuing operations was ₹298 crore.
Tax expense was ₹102 crore, down from ₹174 crore in Q1. Current tax was ₹203 crore, partly offset by a deferred-tax credit of ₹102 crore; Q1 included a deferred-tax charge of ₹40 crore. Basic EPS was ₹8.53, 37.4% below Q1’s ₹13.62 and 54.1% below Q2 FY2025-26’s ₹18.58.
At 30 September 2026, equity stood at ₹10,684 crore, compared with ₹9,984 crore at 31 March 2026. Noncurrent liabilities rose to ₹2,336 crore from ₹1,618 crore, including noncurrent provisions of ₹1,815 crore versus ₹1,408 crore.
Current financial liabilities were ₹4,877 crore. Current borrowings were ₹419 crore, compared with ₹368 crore at 31 March, while noncurrent borrowings were ₹385 crore against ₹72 crore. Inventories increased to ₹2,906 crore from ₹2,617 crore, while current trade receivables fell to ₹997 crore from ₹2,606 crore.
Category: Manufacturing
Constructs naval platforms such as destroyers, submarines, frigates, and corvettes, as well as merchant ships like cargo vessels, tugs, and dredgers.
Category: Manufacturing
Builds conventional submarines and provides heavy engineering solutions, including offshore platforms and jack-up rigs for the oil sector.
Category: B2B Services
Offers repairs and refit, designing of ships, know-how provision, training, tug support, and supply chain management.
Core Thesis: Leverages shipbuilding expertise to serve both defense and commercial sectors, complemented by comprehensive repair and engineering services.
• Naval Platform Construction: Builds a variety of warships and submarines for the Indian Navy. • Merchant Vessel Manufacturing: Constructs diverse merchant ships including cargo vessels, tugs, and dredgers. • Offshore and Heavy Engineering: Provides offshore platforms and jack-up rigs for the oil sector. • Comprehensive Services: Offers ship repair, refit, design, training, and supply chain management.