Mazagon Dock Shipbuilders MAZDOCK
Naval Shipbuilding & Defence Shipyards: India's largest warship builder - sole domestic yard for Scorpene submarines and major surface combatants
Mapped in 2 themes: Naval Shipbuilding & Defence Shipyards and Defence Procurement (DAC approvals).
Where Mazagon Dock Shipbuilders sits in the supply chain
Mazagon Dock Shipbuilders appears in 2 supply-chain layers across 2 themes: Naval Shipbuilding & Defence Shipyards and Defence Procurement (DAC approvals).
Naval Shipbuilding & Defence Shipyards › Warship & Submarine Construction (Shipyards)
Direct supplierIndia's largest warship builder - sole domestic yard for Scorpene submarines and major surface combatants
Other companies in this layer
Defence Procurement (DAC approvals) › Warships & submarines
OperatorBuilds destroyers and submarines; preferred yard for the P75(I) submarine programme with Germany's TKMS
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 9,467 | 11,432 | 13,006 |
| Net profit | 1,937 | 2,414 | 2,578 |
Latest-year revenue ₹13,006 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Naval Shipbuilding & Defence Shipyards
- Sole domestic builder of Scorpene-class submarines and the Navy's primary destroyer/frigate yard, giving it an entrenched, multi-decade order relationship with the Ministry of Defence that new entrants cannot easily replicate
Risks · in Naval Shipbuilding & Defence Shipyards
- Revenue concentrated in a small number of large, infrequently awarded government contracts
- Execution risk on complex, first-of-class submarine and destroyer builds
Common questions
What does Mazagon Dock Shipbuilders do?
In Naval Shipbuilding & Defence Shipyards: India's largest warship builder - sole domestic yard for Scorpene submarines and major surface combatants. NextResearch maps it in 2 supply chains: Naval Shipbuilding & Defence Shipyards and Defence Procurement (DAC approvals).
Where does Mazagon Dock Shipbuilders sit in the supply chain?
Mazagon Dock Shipbuilders (NSE: MAZDOCK) is mapped in 2 supply-chain layers: Warship & Submarine Construction (Shipyards) (Naval Shipbuilding & Defence Shipyards) and Warships & submarines (Defence Procurement (DAC approvals)).
Who are Mazagon Dock Shipbuilders' peers?
In the Warship & Submarine Construction (Shipyards) layer of Naval Shipbuilding & Defence Shipyards: Cochin Shipyard, Garden Reach Shipbuilders & Engineers, Larsen & Toubro, Titagarh Rail Systems, Hindustan Shipyard Ltd (not NSE-listed) and Goa Shipyard Ltd (not NSE-listed).
What is Mazagon Dock Shipbuilders' market cap and valuation?
As of 30 Oct 2026: market cap ₹68,816 Cr, P/E 28.1x, ROCE 36.0%, ROE 29.2%, dividend yield 1.06%.