AI Summary
✦ ClarthaMazagon Dock Shipbuilders is an Indian shipbuilder and ship repair company serving naval and commercial customers. Shipbuilding drives naval platforms and merchant vessels, while Submarine and Heavy Engineering covers submarines, offshore platforms, jack-up rigs, and related products. Revenue grew 15.9% year-on-year, but profit increased only 7%, indicating pressure from declining margins despite business growth. ROE is unavailable, while debt-to-equity of 4.48 means leverage materially influences potential returns to equity holders. Earnings quality therefore requires scrutiny, particularly as margin compression has outpaced profit growth. At 37.6 times earnings, the shares appear rich relative to the 7% profit-growth rate. Neutral sentiment reflects the open question of whether naval and offshore order execution can offset leverage and sustain growth without further margin deterioration.
Price Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
From 12 analysts
Fundamentals
Fundamentals institutional score is 74 using growth durability 74.4.
Valuation
Valuation institutional score is 50 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
Analyst View institutional score is 36 using mean target upside 1.8%; dispersion penalty 20.4; recommendation breadth from available consensus.
Technical Structure
Technicals institutional score is 27 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
Recent news flow is balanced or not decisive enough to tilt the tape. Based on 2 recent ticker-linked news items.
Signal Summary
Market intelligence remains Mixed. fundamentals provide support, while valuation and analyst consensus remain considerations.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 9.8% above historical median. Valuation is stable — currently in the strongly overvalued zone (z-score: +0.62). Confidence: 66%.
Live forward EPS implies next-12-month EPS of ₹79.35. Applying the stock's normalized valuation corridor produces a fair range of ₹1,483.84 to ₹3,108.93, with base value near ₹2,778.04 (+8.8% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹79.35
Forward P/E
32.2x
Base Fair Value
₹2,778.04
Fair Range
₹1,483.84 - ₹3,108.93
Upside To Base
+8.8%
Estimate Source
Live forward EPS
Growth Estimate
+21.5%
5Y Average
21.29
Current
38.44
Overvalued
39.18
Undervalued
18.70
5Y Average
20.86
Current
37.66
Overvalued
36.58
Undervalued
5.06
5Y Average
12.79
Current
10.56
Overvalued
13.96
Undervalued
10.56
Peers & Comparison
Sector: Industrials · Theme: Shipbuilding
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
COCHIN SHIPYARD LIMITED COCHINSHIPShipbuilding | -15.6% | 14.3% | 55.0x Undervalued | -24% vs avg | -9.9% |
GARDEN REACH SHIP&ENG LTD GRSEShipbuilding | +38.5% | 10.7% | 36.9x Undervalued | -49% vs avg | +1.7% |
BHEL BHELHeavy Electrical Equipments | +40.3% | 6.8% | 56.9x Undervalued | -22% vs avg | +83.5% |
BHARAT DYNAMICS LIMITED BDLAerospace & Defense Equipments | -73.0% | 17.2% | 113.4x Premium | +56% vs avg | -13.5% |
CONTAINER CORP OF IND LTD CONCORLogistics | +0.3% | 13.7% | 31.3x Undervalued | -57% vs avg | -7.3% |
NBCC (INDIA) LIMITED NBCCConstruction & Engineering | -2.5% | 5.5% | 35.1x Undervalued | -52% vs avg | -11.2% |
DATA PATTERNS INDIA LTD DATAPATTNSAerospace & Defense Equipments | +16.8% | 28.5% | 91.0x Premium | +25% vs avg | +75.4% |
MTAR TECHNOLOGIES LIMITED MTARTECHIndustrial Machinery | +130.4% | 12.4% | 162.8x Premium | +124% vs avg | +374.0% |
MAZAGON DOCK SHIPBUIL LTD trades at a discount (38.4x vs peer avg 72.8x), suggesting potential undervaluation relative to the Shipbuilding cohort. Peers include COCHIN SHIPYARD LIMITED, GARDEN REACH SHIP&ENG LTD, BHEL — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹2.77K CrJun 2026Latest net profit
₹510 CrJun 2026Latest EPS
₹12.64Jun 2026Net margin
16.0%Jun 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Jun 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,173 | 1,828 | 2,362 | 3,104 | 2,357 | 2,757 | 3,144 | 3,174 | 2,626 | 2,929 | 3,601 | 3,684 | 2,771 |
| Expenses + | 2,001 | 1,651 | 1,823 | 2,580 | 1,715 | 2,246 | 2,327 | 3,055 | 2,324 | 2,235 | 2,714 | 3,308 | 2,338 |
| Operating Profit | 172 | 177 | 539 | 524 | 642 | 511 | 817 | 119 | 302 | 695 | 887 | 376 | 433 |
| OPM % | 8% | 10% | 23% | 17% | 27% | 19% | 26% | 3.8% | 11% | 24% | 25% | 10% | 16% |
| Other Income + | 233 | 261 | 269 | 376 | 271 | 269 | 291 | 323 | 324 | 276 | 262 | 281 | 310 |
| Interest | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 8 | 35 | 8 | 6 | 10 | 36 |
| Depreciation | 20 | 20 | 20 | 23 | 23 | 23 | 40 | 29 | 23 | 24 | 23 | 23 | 23 |
| Profit before tax | 383 | 416 | 786 | 876 | 889 | 751 | 1,063 | 406 | 567 | 939 | 1,120 | 625 | 684 |
| Tax % | 25% | 25% | 25% | 25% | 25% | 25% | 28% | 20% | 26% | 24% | 25% | 26% | 25% |
| Net Profit + | 287 | 313 | 592 | 654 | 666 | 564 | 768 | 327 | 419 | 715 | 837 | 464 | 510 |
| EPS in Rs | 7.11 | 7.76 | 14.66 | 16.22 | 16.51 | 13.97 | 19.04 | 8.11 | 10.39 | 17.73 | 20.75 | 11.50 | 12.64 |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).