# Mazagon Dock Shipbuilders (MAZDOCK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/mazdock

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,840
- Change: +0.05%
- As of: 2026-11-06
- 1D return: +0.05%
- 5D return: +7.90%
- 1M return: -7.54%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

MAZDOCK is in a strong daily downtrend, trading at ₹1840.0 on 2026-11-06. Price action has broken below all key moving averages (SMA/EMA 20, 50, 200) and the Supertrend across daily, weekly, and monthly timeframes, confirming broad bearish structure. The daily ADX of 50.46 indicates strong trend conviction, while recent anomalies show extreme volume-weighted selling pressure, including a -6.5% drop with a 6.74x volume ratio on 2026-10-27 and a downward gap on 2026-10-28. The stock is positioned near the lower end of its 252-day range (+13.1%) and 50-day range (+15.7%), with a current drawdown of -50.9%. Immediate resistance lies at ₹1846.83 (pivot), followed by highs at ₹1856.97 and ₹1874.93. Support is found at ₹1828.87, then ₹1818.73, with a wider floor at ₹1800.77. Annualized volatility stands at +41.4%, reflecting significant price dispersion. While the monthly trend is bearish, it lacks the directional strength seen in shorter horizons (monthly ADX 15.05). A sustained move above the pivot at ₹1846.83 would be required to challenge the immediate bearish bias.

- Strong Daily Downtrend: Price is below all major MAs and Supertrend; ADX 50.46 confirms strong downward momentum.
- Extreme Selling Pressure: Recent weeks feature high-volume sell-offs (-6.5% on 6.74x volume on Oct 27) and gaps (Oct 28).
- Range Position: Trading near lower bounds of 252-day (+13.1%) and 50-day (+15.7%) ranges; current drawdown -50.9%.
- Key Levels: Resistance at ₹1846.83 (pivot) and ₹1856.97; Support at ₹1828.87 and ₹1800.77.

- Harami
- Bearish Engulfing Reversal
- Inside Bar

### Official Filings

Mazagon Dock Shipbuilders Limited’s Board approved Unaudited Financial Results for the quarter ended 30 September 2026 on 27 October 2026, declaring an interim dividend of ₹5 per equity share for FY 2026-27. The record date is set for 03 November 2026, with payment completion expected by 26 November 2026. Concurrently, the Board approved increasing authorized share capital from ₹323.72 Crores to ₹900 Crores, pending DIPAM consent and member approval.

On 2 November 2026, the company clarified media reports regarding scouting partners for proposed shipbuilding hubs. It confirmed that plans for Greenfield Shipbuilding Industrial Clusters at Dighi, Maharashtra, and Dugarajapatnam, Andhra Pradesh, are under consideration, including potential partnerships and financing arrangements. These aspects remain subject to requisite approvals and finalization. The company attributed recent share-price movement to market-driven factors.

- Interim Dividend: ₹5 per share declared for FY 2026-27; Record Date: 03-Nov-2026; Payment Completion: By 26-Nov-2026.
- Capital Structure: Authorized share capital increased from ₹323.72 Crores to ₹900 Crores (Board-approved; subject to DIPAM consent and member approval).
- Strategic Expansion: Plans for Greenfield Shipbuilding Industrial Clusters at Dighi (Maharashtra) and Dugarajapatnam (Andhra Pradesh) are under evaluation for partnerships and financing, subject to final approvals.

- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Mazagon Dock Shipbuilders Limited has informed the Exchange about Rumour Verification - Regulation 30(11) |SUBJECT: Rumour Verification - Regulation 30(11)](https://nsearchives.nseindia.com/corporate/MAZDOCK_02112026175922_SE_Discl_Rumour_clarification.pdf)
- [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](https://nsearchives.nseindia.com/corporate/MAZDOCK_28102026155600_Newspaper_Advertisement.pdf)
- [Mazagon Dock Shipbuilders Limited has submitted to the Exchange, the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and period ended on 30 September 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026143906_Outcome_of_BM_27102026.pdf)
- [Mazagon Dock Shipbuilders Limited has informed the Exchange that Board of Directors at its meeting held on October 27, 2026, declared Interim Dividend of Rs. 5/- per equity share of Rs. 5/- each fully paid-up for the Financial Year 2026-27. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026144923_Outcome_of_BM_27102026.pdf)

### Fundamentals

Mazagoan Dock Shipbuilders (MAZDOCK) reported a sequential decline in financial performance for Q2 FY2026-27, with revenue from operations falling to ₹2,446 crore from ₹2,943 crore in Q1. Net profit decreased to ₹346 crore, down from ₹550 crore, and basic EPS dropped to ₹8.53 per share. Despite this quarterly softness, the company maintains strong long-term growth metrics, including a 3-year compounded sales growth of 18% and a 3-year ROE of 32%. The balance sheet shows significant expansion in borrowings, which rose to ₹811 crore by September 2026 from ₹20 crore in March 2025, coinciding with an increase in CWIP to ₹323 crore. Cash flow quality has deteriorated sharply, with CFO/EBITDA turning negative at -74% for Mar 2026, and cash from operating activities posting a deficit of ₹2,654 crore. However, working capital management has improved, evidenced by a reduction in inventory days to 131 and a negative cash conversion cycle of -20 days as of Mar 2026. Promoter holding remains stable at 81.22%.

- Q2 FY2026-27 revenue fell 16.8% sequentially to ₹2,446 crore, with net profit dropping 37% to ₹346 crore.
- Borrowings surged to ₹811 crore by Sep 2026, up from ₹20 crore in Mar 2025, while CWIP grew to ₹323 crore.
- CFO/EBITDA ratio turned negative (-74%) in Mar 2026, contrasting with historical strength (145% in Mar 2025).
- Inventory efficiency improved significantly, with inventory days halving to 131 and cash conversion cycle reaching -20 days.

### Bear Case

Mazagon Dock Shipbuilders (NSE: MAZDOCK) exhibits significant technical deterioration as of November 6, 2026. The stock has declined 30.1% over the past year and 30.4% over six months, with a year-to-date loss of 25.7%. Current price action is bearish across daily, weekly, and monthly timeframes, confirmed by Supertrend signals and negative slopes in both the 20-day and 50-day moving averages. The stock is trading near ₹1,840, well below its recent high of ₹1,885.07, and faces immediate resistance at ₹1,846.83. Volatility remains elevated, with annualized volatility at 41.4% and an average true range of 3.83%, indicating substantial price swings. The current drawdown stands at -50.9%, approaching the maximum historical drawdown of -54.5%, suggesting limited downside cushion.

- Strong bearish trend confirmation: Daily, weekly, and monthly Supertrend indicators are all bearish, with negative slopes on 20-day and 50-day moving averages.
- Pronounced underperformance: Returns are -30.1% (1-year), -30.4% (6-month), and -25.7% (YTD), reflecting sustained selling pressure.
- Elevated volatility and drawdown risk: Annualized volatility is 41.4%, and the current drawdown (-50.9%) is close to the maximum recorded drawdown of -54.5%.
- Tight resistance ceiling: Immediate resistance lies just 0.37% above at ₹1,846.83, limiting short-term upside potential.

- [Stock market today: Suzlon, PB Fintech, PFC, Mazagon among 17 stocks that may see short covering](https://www.businesstoday.in/markets/stocks/story/stock-market-today-suzlon-pb-fintech-pfc-mazagon-among-17-stocks-that-may-see-short-covering-565792-2026-11-05)
- [Dividend, bonus, split, buyback in November: Coal India, HUL, Infosys, Power Grid among key corporate actions | List](https://www.livemint.com/market/stock-market-news/dividend-bonus-split-buyback-in-november-coal-india-hul-infosys-power-grid-among-key-corporate-actions-list-11793522441142.html)
- [Bonus issues, stock splits, dividends: Infosys, Asian Paints among over 40 stocks turning ex-date this week](https://economictimes.indiatimes.com/markets/stocks/news/bonus-issues-stock-splits-dividends-infosys-asian-paints-among-over-40-stocks-turning-ex-date-this-week/articleshow/135418410.cms)
- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Mazagon Dock Shipbuilders Limited has informed the Exchange about Rumour Verification - Regulation 30(11) |SUBJECT: Rumour Verification - Regulation 30(11)](https://nsearchives.nseindia.com/corporate/MAZDOCK_02112026175922_SE_Discl_Rumour_clarification.pdf)
- [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](https://nsearchives.nseindia.com/corporate/MAZDOCK_28102026155600_Newspaper_Advertisement.pdf)
- [Mazagon Dock Shipbuilders Limited has submitted to the Exchange, the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and period ended on 30 September 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026143906_Outcome_of_BM_27102026.pdf)
- [Mazagon Dock Shipbuilders Limited has informed the Exchange that Board of Directors at its meeting held on October 27, 2026, declared Interim Dividend of Rs. 5/- per equity share of Rs. 5/- each fully paid-up for the Financial Year 2026-27. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026144923_Outcome_of_BM_27102026.pdf)

### FAQs

**What corporate action has Mazagon Dock Shipbuilders announced for November 2026?**

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.

**How has the stock performed over the past year and since the start of 2026?**

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%.

**What are the current technical trends and price levels for Mazagon Dock?**

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.

**Is there any market commentary regarding short-covering potential for this stock?**

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.

- [Stock market today: Suzlon, PB Fintech, PFC, Mazagon among 17 stocks that may see short covering](https://www.businesstoday.in/markets/stocks/story/stock-market-today-suzlon-pb-fintech-pfc-mazagon-among-17-stocks-that-may-see-short-covering-565792-2026-11-05)
- [Dividend, bonus, split, buyback in November: Coal India, HUL, Infosys, Power Grid among key corporate actions | List](https://www.livemint.com/market/stock-market-news/dividend-bonus-split-buyback-in-november-coal-india-hul-infosys-power-grid-among-key-corporate-actions-list-11793522441142.html)
- [Bonus issues, stock splits, dividends: Infosys, Asian Paints among over 40 stocks turning ex-date this week](https://economictimes.indiatimes.com/markets/stocks/news/bonus-issues-stock-splits-dividends-infosys-asian-paints-among-over-40-stocks-turning-ex-date-this-week/articleshow/135418410.cms)
- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [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:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Mazagon Dock Shipbuilders Limited has informed the Exchange about Rumour Verification - Regulation 30(11) |SUBJECT: Rumour Verification - Regulation 30(11)](https://nsearchives.nseindia.com/corporate/MAZDOCK_02112026175922_SE_Discl_Rumour_clarification.pdf)
- [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](https://nsearchives.nseindia.com/corporate/MAZDOCK_28102026155600_Newspaper_Advertisement.pdf)
- [Mazagon Dock Shipbuilders Limited has submitted to the Exchange, the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and period ended on 30 September 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026143906_Outcome_of_BM_27102026.pdf)
- [Mazagon Dock Shipbuilders Limited has informed the Exchange that Board of Directors at its meeting held on October 27, 2026, declared Interim Dividend of Rs. 5/- per equity share of Rs. 5/- each fully paid-up for the Financial Year 2026-27. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026144923_Outcome_of_BM_27102026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹1,846.83
- Risk regime: Higher Price Risk

### Support levels
- 1687.5
- 1828.8666666666666
- 1818.7333333333333

### Resistance levels
- 2220.925
- 2327.184375
- 2431.3546875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.05% |
| return_10 | -1.08% |
| return_1m | -12.42% |
| return_1y | -30.05% |
| return_20 | -7.54% |
| return_3m | -27.27% |
| return_5 | +7.90% |
| return_6m | -30.42% |
| return_since_start | -18.00% |
| return_ytd | -25.71% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -54.54% |
| annualized_volatility | +41.38% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Mazagon Dock Shipbuilders Limited FY2026-27 Q2: Revenue and profit decline year on year

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.

## Revenue and expenses both declined, but expenses fell more slowly

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 continued to fall from recent quarters

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.

## Balance sheet: lower receivables, higher provisions and borrowings

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.

## Liquidity balances at quarter-end

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.

## Key Takeaway

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.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +81.22%
- FII holding: +1.73%
- DII holding: +5.09%
- Mutual fund holding: +1.47%
- Retail holding: +10.19%
- Promoter pledged: +0.00%

### Major reported shareholders

- THE PRESIDENT OF INDIA — +81.22%
- Life Insurance Corporation of India — +3.31%
- Qualified Institutional Buyer — +0.01% (Others)

## Official filings

- 2026-11-03 — Corporate Action Notice: Mazagon Dock Shipbuilders Limited - Ex-Date: 03-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-03 — Corporate Action Notice: Mazagon Dock Shipbuilders Limited - Ex-Date: 03-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-03 — Corporate Action Notice: Mazagon Dock Shipbuilders Limited - Ex-Date: 03-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-02 — Corporate Action Notice: Mazagon Dock Shipbuilders Limited - Ex-Date: 03-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-02 — Corporate Action Notice: Mazagon Dock Shipbuilders Limited - Ex-Date: 03-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-02 — Corporate Action Notice: Mazagon Dock Shipbuilders Limited - Ex-Date: 03-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-02 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_02112026175922_SE_Discl_Rumour_clarification.pdf)
- 2026-10-28 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_28102026155600_Newspaper_Advertisement.pdf)
- 2026-10-27 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026143906_Outcome_of_BM_27102026.pdf)
- 2026-10-27 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026144923_Outcome_of_BM_27102026.pdf)
- 2026-10-27 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026145349_Outcome_of_BM_27102026.pdf)
- 2026-10-27 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.comMAZDOCK_27102026145940_SBLC_to_CDPLC.PDF)
- 2026-10-27 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026174059_Record_date_for_Interim_dividend.pdf)
- 2026-10-27 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026180421_Investor_Presentation.pdf)
- 2026-10-27 — Financial Results Filing: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1747035_27102026062121_WEB.xml)
- 2026-10-27 — Financial Results Filing: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1747039_27102026062221_WEB.xml)
- 2026-10-27 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_17585_WebXMLFile_20261027_182949793.xml)
- 2026-10-27 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17585_WebXMLFile_20261027_184151219.xml)
- 2026-10-27 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_17585_WebXMLFile_20261027_184805204.xml)
- 2026-10-27 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_27102026185613_Interim_Dividend_update.pdf)
- 2026-10-22 — Board Meeting Notice: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_22102026181048_Prior_Intimation_of_BM_27102026.pdf)
- 2026-10-22 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17585_WebXMLFile_20261022_181724191.xml)
- 2026-10-22 — Board Meeting Notice: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17585_WebXMLFile_20261022_181724191.xml)
- 2026-10-16 — Shareholding Disclosure: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1740106_16102026050154_WEB.xml)
- 2026-10-02 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.comMAZDOCK_02102026125315_Rumour_Verification_Tamil_Nadu_Project.PDF)

## News and market events

- 2026-11-05 — BUSINESSTODAY: **Stock market today: Suzlon, PB Fintech, PFC, Mazagon among 17 stocks that may see short covering** — 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 — [Source](https://www.businesstoday.in/markets/stocks/story/stock-market-today-suzlon-pb-fintech-pfc-mazagon-among-17-stocks-that-may-see-short-covering-565792-2026-11-05)
- 2026-11-01 — Mint: **Dividend, bonus, split, buyback in November: Coal India, HUL, Infosys, Power Grid among key corporate actions | List** — 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. — [Source](https://www.livemint.com/market/stock-market-news/dividend-bonus-split-buyback-in-november-coal-india-hul-infosys-power-grid-among-key-corporate-actions-list-11793522441142.html)
- 2026-11-01 — Economic Times: **Bonus issues, stock splits, dividends: Infosys, Asian Paints among over 40 stocks turning ex-date this week** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/bonus-issues-stock-splits-dividends-infosys-asian-paints-among-over-40-stocks-turning-ex-date-this-week/articleshow/135418410.cms)
- 2026-10-29 — BUSINESSTODAY: **ITC, Mazagon Dock, Swiggy, L&T among top Diwali picks for Samvat 2083 for upto 115% upside** — 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. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/itc-mazagon-dock-swiggy-lt-among-top-diwali-picks-for-samvat-2083-for-upto-115-upside-564558-2026-10-29)
- 2026-10-28 — BUSINESSTODAY: **Mazagon Dock shares crash 13% after Q2 results to hit 52-week low; check fresh price targets** — 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. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/mazagon-dock-shares-crash-13-after-q2-results-to-hit-52-week-low-check-fresh-price-targets-564288-2026-10-28)
- 2026-10-27 — CNBC-TV18: **FIIs buy ₹4,240 crore in Indian stocks as DIIs turn net sellers** — 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. — [Source](https://www.cnbctv18.com/market/fiis-buy-rs4240-crore-in-indian-stocks-as-diis-turn-net-sellers-20020667.htm)
- 2026-10-27 — Economic Times: **Mazagon Dock Q2: All you need to know about PSU shipbuilder's July-September business** — 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. — [Source](https://economictimes.indiatimes.com/news/defence/mazagon-dock-q2-all-you-need-to-know-about-psu-shipbuilders-july-september-business/articleshow/135233379.cms)
- 2026-10-27 — CNBC-TV18: **Why stock market ended mixed today: Sensex, Nifty flat as Midcap Index gains 565 points** — 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. — [Source](https://www.cnbctv18.com/market/why-stock-market-ended-mixed-today-sensex-nifty-flat-as-midcap-index-gains-565-points-20020388.htm)
- 2026-10-27 — CNBC-TV18: **Mazagon Dock Q2 results: Shares slump 10% after revenue declines; Higher provisions drags profit** — Mazagon Dock also declared an interim dividend of ₹5 per equity share for FY27. It has fixed November 3, 2026, as the record date for determining eligible shareholders. Dividend payment will be completed on or before November 26, 2026. — [Source](https://www.cnbctv18.com/market/mazagon-dock-shipbuilders-q2-results-revenue-fall-provisions-impact-on-profit-share-price-fall-20020370.htm)
- 2026-10-27 — Mint: **Q2 results 2026 today, schedule: L&T, Maruti Suzuki - 100 more firms to declare quarterly earnings; Oct 27 Tue list** — Q2 results 2026 today, schedule: Key companies announcing their quarterly earnings today include Larsen & Toubro (L&T), Maruti Suzuki, Bajaj Auto, Tata Steel, Cipla, Tata Capital, Indus Towers, Mazagon Dock Shipbuilders. — [Source](https://www.livemint.com/market/stock-market-news/q2-results-2026-today-schedule-l-t-maruti-suzuki-tat-53-more-firms-to-declare-quarterly-earnings-oct-22-tue-lis-11793066756896.html)
- 2026-10-27 — CNBC-TV18: **Q2 Results LIVE Updates: Six Nifty 50 stocks including Maruti, Bajaj Auto report today; Paytm reacts** — Q2 Results LIVE Updates: Six Nifty 50 components, including Maruti Suzuki, Bajaj Auto, L&T, Cipla, will be reporting their September quarter results, along with names like ACC, PG Electroplast, Mazagon Dock and Indus Towers. Watch this space for all the LIVE Q2 result updates. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-bajaj-auto-maruti-lt-tata-steel-cipla-sbi-life-acc-indus-towers-maz-dock-pg-electroplast-sail-tata-cap-vedanta-isl-share-price-liveblog-20019855.htm)
- 2026-10-27 — Mint: **Top stocks to watch today:  L&T, Maruti Suzuki, Paytm, REC shares in focus on Tuesday, 27 Oct | Full list** — Top stocks to watch today: Larsen & Toubro, Maruti Suzuki, Paytm, DCM Shriram, Tata Consumer among shares in focus on Tuesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-l-t-maruti-suzuki-paytm-rec-shares-in-focus-on-tuesday-27-oct-full-list-11793064919143.html)
- 2026-10-22 — BUSINESSTODAY: **How India’s defence manufacturing ecosystem is undergoing a transformation** — In a world shaped by geopolitical volatility and technological disruption, India has significantly expanded defence spending to strengthen military preparedness and indigenous manufacturing. — [Source](https://www.businesstoday.in/magazine/deep-dive/story/how-indias-defence-manufacturing-ecosystem-is-undergoing-a-transformation-563071-2026-10-22)
- 2026-10-13 — FREEPRESSJOURNAL.IN: **Maharashtra Labour Minister Akash Fundkar Seeks Job Security For 3,000 Mazagon Dock Workers, Pushes For P-751 Project** — Maharashtra Labour Minister Akash Fundkar has directed officials to safeguard the employment prospects of around 3,000 fixed-term workers at Mazagon Dock Shipbuilders Ltd. He urged follow-up with the Centre on the proposed P-751 project and explored permanent employment opportunities. — [Source](https://www.freepressjournal.in/mumbai/maharashtra-labour-minister-akash-fundkar-seeks-job-security-for-3000-mazagon-dock-workers-pushes-for-p-751-project)
- 2026-10-13 — BUSINESSTODAY: **Mazagon Dock, GRSE, Cochin Shipyard: Defence stocks to trade — Check key levels, targets & stop loss** — Stocks to buy, Stock picks, Stocks to trade, trading views, Cochin Shipyard, Garden Reach Shipbuilders & Engineers, Mazagon Dock Shipbuilders, Cochin Shipyard shares, Garden Reach shares, GRSE shares, Mazagon Dock shares, Cochin Shipyard share price, Garden Reach share price, GRSE share price, Mazagon Dock share price, Cochin Shipyard stock price, Garden Reach stock price, GRSE stock price, Mazagon Dock stock price, Cochin Shipyard target price, Garden Reach target price, GRSE target price, Mazagon Dock target price — [Source](https://www.businesstoday.in/markets/stocks/story/mazagon-dock-grse-cochin-shipyard-defence-stocks-to-trade-check-key-levels-targets-stop-loss-561151-2026-10-13)
- 2026-10-08 — BUSINESSTODAY: **BEL, Mazagon, HAL, Cochin Shipyard, Solar: check Q2 previews, price targets for defence stocks** — defence stocks, defence stocks India, defence stocks Q2FY27, defence sector stocks, defence stocks 2026, Kotak defence stocks,, BEL share price, HAL share price, Solar Industries share price, Mazagon Dock share price, Cochin Shipyard share price, Aequs share price, INDO-MIM share price, defence Q2 results, defence stocks Q2 results, defence sector outlook, India defence capex, Kotak defence stocks target price, Kotak defence stocks Q2FY27 preview, BEL HAL Solar Industries Q2FY27, Kotak target price for HAL BEL Mazagon Dock, defence sector stocks to watch Q2FY27 — [Source](https://www.businesstoday.in/markets/stocks/story/bel-mazagon-hal-cochin-shipyard-solar-check-q2-previews-price-targets-for-defence-stocks-560373-2026-10-08)
- 2026-09-30 — FREEPRESSJOURNAL.IN: **Sachin Ahir Steps In To Protect Jobs Of 3,000 Mazagon Dock Contract Workers, Seeks Policy For Absorption And Benefits** — Legislative Council Deputy Chairperson Sachin Ahir has raised concerns over employment security of around 3,000 fixed-term contract workers at Mazagon Dock Shipbuilders Limited. After workers submitted their demands, Ahir held a meeting with Labour Minister Ashish Jaiswal and officials. — [Source](https://www.freepressjournal.in/mumbai/sachin-ahir-steps-in-to-protect-jobs-of-3000-mazagon-dock-contract-workers-seeks-policy-for-absorption-and-benefits)
- 2026-09-30 — MONEYCONTROL: **Mazagon Dock: Can the next ordering cycle revive growth?** — MCPro, Moneycontrol Research, Stock Recommendation, Mazagon Dock Shipbuilders, Shipbuilders, Q1 FY27 — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/mazagon-dock-can-the-next-ordering-cycle-revive-growth-14041522.html)
- 2026-09-29 — The Hindu: **Mazagon Dock Shipbuilders decides to not proceed with the Thoothukudi shipyard project** — MDL cancels Thoothukudi shipyard citing land availability conflicts, as HD Hyundai secures priority site amid Tamil Nadu’s greenfield cluster plans. — [Source](https://www.thehindubusinessline.com/economy/logistics/mazagon-dock-shipbuilders-decides-to-not-proceed-with-the-thoothukudi-shipyard-project/article71523444.ece)
- 2026-09-24 — The Hindu: **Mazagon Dock, Goa Shipyard give major fillip to A.P.’s shipbuilding plans** — The Andhra Pradesh (A.P.) Government’s plan to develop shipbuilding clusters received a major fillip in the form of tie-ups with the Mumbai-based Mazagon Dock Shipbuilders Ltd. (MDSL) and Goa Shipyard Ltd. (GSL). — [Source](https://www.thehindu.com/news/national/andhra-pradesh/mazagon-dock-goa-shipyard-give-major-fillip-to-aps-shipbuilding-plans/article71504105.ece)
- 2026-09-24 — MONEYCONTROL: **Quantum Valley, ports and space facilities give Andhra Pradesh edge in defence push: Satheesh Reddy** — Andhra Pradesh, aerospace manufacturing, defence manufacturing, Chandrababu Naidu, Satheesh Reddy, Quantum Valley — [Source](https://www.moneycontrol.com/news/business/quantum-valley-ports-and-space-facilities-give-andhra-pradesh-edge-in-defence-push-satheesh-reddy-14037290.html)
- 2026-09-23 — The Hindu: **Germany ready to sign ‘forward leaning’ deal with India for submarines: German Ambassador to India** — Germany is poised to finalize an $8 billion submarine deal with India, enhancing military cooperation amid global tensions, says ambassador. — [Source](https://www.thehindu.com/news/national/germany-ready-to-sign-forward-leaning-deal-with-india-for-submarines-german-ambassador-to-india/article71501130.ece)
- 2026-09-23 — MONEYCONTROL: **Germany ready to sign $8 billion India submarine deal: German envoy Jasper Wieck** — Germany , Germany India submarine deal, Defence News, Defence Deals , India Defence News, Thyssenkrupp Marine Systems , Mazagon Dock Shipbuilders — [Source](https://www.moneycontrol.com/news/india/germany-ready-to-sign-8-billion-india-submarine-deal-german-envoy-14036530.html)
- 2026-09-23 — BUSINESSTODAY: **Mazagon Dock, GRSE shares: Does short-term bounce signal trend reversal? Analyst decodes** — Mazagon Dock Shipbuilders, GRSE stock, defence stocks India, shipbuilding stocks, Mazagon Dock support level, GRSE support level, Akshay Bhagwat, JM Financial Services, defence sector outlook, stock averaging strategy, technical analysis India, Mazagon Dock stop loss, GRSE averaging level, Indian stock market, defence manufacturing stocks, Garden Reach Shipbuilders, Daily Calls Business Today, stock market advice, support and resistance levels, long term defence stocks — [Source](https://www.businesstoday.in/markets/stocks/story/mazagon-dock-grse-shares-does-short-term-bounce-signal-trend-reversal-analyst-decodes-557326-2026-09-23)
- 2026-09-22 — MONEYCONTROL: **Business news live: Mazagon Dock signs Rs 15,000 crore MoU for Greenfield Shipyard in Andhra Pradesh** — business news, business news live, inida business, ipo, nse, bse, corporate announcements — [Source](https://www.moneycontrol.com/news/business/india-business-news-live-business-news-gold-silver-rbi-gmp-ipo-tata-liveblog-14034966.html)

## Business profile

**Strategic vision:** Builds and repairs ships, submarines, and offshore platforms for defense and commercial clients.

### Business segments
- **Shipbuilding:** Constructs naval platforms such as destroyers, submarines, frigates, and corvettes, as well as merchant ships like cargo vessels, tugs, and dredgers.
- **Submarine and Heavy Engineering:** Builds conventional submarines and provides heavy engineering solutions, including offshore platforms and jack-up rigs for the oil sector.
- **Services:** Offers repairs and refit, designing of ships, know-how provision, training, tug support, and supply chain management.

### Competitive strengths
- Defense public sector undertaking status
- Extensive experience in building complex naval vessels and submarines

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/mazdock
Markdown representation: https://faxioms.com/stocks/mazdock?render=md