Case study

MAZDOCK

Mazagon Dock Shipbuilders Limited

Worth a closer look1y model +4.5%

Each stock's 10,000-path forecast, rendered as light.

58Score

Mazagon Dock Shipbuilders Limited (MAZDOCK) Stock Analysis & Case Study

Is MAZDOCK a good buy? The data-driven verdict.

Mazagon Dock Shipbuilders Limited (MAZDOCK) trades at ₹2,515,on the numbers it worth a closer look, a Downstox Snapshot Score of 58/100.

On the numbers, Mazagon Dock Shipbuilders Limited (MAZDOCK) worth a closer look, a Downstox Snapshot Score of 58/100, weighing premium at 35.5× earnings, ROE of 29.2%, a 54% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

MAZDOCK fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹1.01L Cr
Current price
₹2,515
P/E ratio
35.5×
P/B ratio
10.39×
Book value
₹242
Dividend yield
0.72%
ROCE
36.0%
ROE
29.2%
Piotroski F-Score
6/8

How MAZDOCK ranks against the 2,373 companies in our screener

Is MAZDOCK overvalued? MAZDOCK P/E vs its Defence

MAZDOCK's P/E of 35.5× sits above the Defence peer median of 35.5×, so on earnings it screens in line with peers, while its 0.72% dividend yield is above the peer median of 0.72%.

MAZDOCK P/E
35.5×
Peer median P/E
35.5×
MAZDOCK div yield
0.72%
Peer median yield
0.72%

MAZDOCK share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 5.7y of MAZDOCK history (59%/yr drift, 44%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
MAZDOCK 2027₹1,501₹2,627₹4,600+4%
MAZDOCK 2028₹1,246₹2,745₹6,047+9%
MAZDOCK 2029₹1,081₹2,868₹7,609+14%
MAZDOCK 2030₹973₹2,996₹9,227+19%
MAZDOCK 2031₹874₹3,130₹11,212+24%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability MAZDOCK goes up, or doubles?

54%
Higher in 1 year
Modelled chance the price is above today in 12 months
59%
Higher in 5 years
Modelled chance the price is above today in 5 years
32%
Doubles in 5 years
Modelled chance of reaching ₹5,030 within 5 years

The bull case for MAZDOCK

  • MAZDOCK's return on equity of 29.2% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • MAZDOCK's return on capital employed of 36.0% ranks in the top 4% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹7,609.

The bear case & risks

  • MAZDOCK's P/E of 35.5x is lower than 39% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • A steep 10.4× price-to-book means most of the value is intangible/expectations, not assets on the books.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹1,081.

MAZDOCK volatility & expected range, how bumpy is the ride?

Over the last 5.7 years MAZDOCK compounded at 59%/year with annualized volatility of 44%. That volatility implies a 1-year 80% range of ₹1,501-₹4,600, the honest backbone behind any single price target.

MAZDOCK price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 5.7 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
4.5%
80% range₹1,501-₹4,600
P(price ↑)54%
P(price 2×)7%
3-Year Forecast
2029
₹0
Median (P50)
14.0%
80% range₹1,081-₹7,609
P(price ↑)57%
P(price 2×)23%
5-Year Forecast
2031
₹0
Median (P50)
24.5%
80% range₹874-₹11,212
P(price ↑)59%
P(price 2×)32%

MAZDOCK price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
MAZDOCK simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds MAZDOCK hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the MAZDOCK price target & forecast page.

MAZDOCK Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. MAZDOCK scores 6/8, mixed financial health.

MAZDOCK MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy MAZDOCK with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox30.87%3.2×
Zerodha29.30%3.4×
Groww40.00%2.5×
Dhan28.00%3.6×
Kotak Neo30.03%3.3×
Paytm MoneyCHEAPEST27.44%3.6×
Pocketful34.68%2.9×
Fyers34.48%2.9×
Anand Rathi34.32%2.9×
Bajaj Broking32.00%3.1×
Share India34.25%2.9×

Compare every broker on the MAZDOCK MTF page.

MAZDOCK vs peers,Defence comparison

StockP/EDiv yieldMarket cap
MAZDOCK (this stock)35.5×0.72%₹1.01L Cr
BEL47.7×0.62%₹2.93L Cr
HAL36.0×0.92%₹3.28L Cr
COCHINSHIP55.8×0.49%₹39,980 Cr
RELIANCE24.2×0.45%₹18.06L Cr
TCS16.5×2.61%₹8.87L Cr
HDFCBANK14.3×1.78%₹11.26L Cr

Fundamentals from Screener.in, as of 9 Aug 2026

About Mazagon Dock Shipbuilders Limited: sector, index & market-cap context

Mazagon Dock Shipbuilders Limited (MAZDOCK) is a large-cap NSE-listed company in the Defence sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.01L Cr. See more stocks on our screener.

How the MAZDOCK Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Mazagon Dock Shipbuilders Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

MAZDOCK analysis, FAQs

Is Mazagon Dock Shipbuilders Limited (MAZDOCK) a good buy?

On the numbers, Mazagon Dock Shipbuilders Limited (MAZDOCK) worth a closer look, a Downstox Snapshot Score of 58/100, weighing premium at 35.5× earnings, ROE of 29.2%, a 54% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is MAZDOCK overvalued or undervalued?

MAZDOCK trades at 35.5× earnings versus a peer median of 35.5×, so it screens richer than its Defence peers.

What is the MAZDOCK share price target for 2031?

MAZDOCK's probability-weighted 2031 median target is ₹3,130, with an 80% range of ₹874-₹11,212 (10,000-path Monte-Carlo).

What is the probability MAZDOCK doubles in 5 years?

The modelled probability of MAZDOCK reaching ₹5,030 (2×) within 5 years is 32%.

What is the bull case for MAZDOCK?

MAZDOCK's return on equity of 29.2% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. MAZDOCK's return on capital employed of 36.0% ranks in the top 4% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in MAZDOCK?

MAZDOCK's P/E of 35.5x is lower than 39% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A steep 10.4× price-to-book means most of the value is intangible/expectations, not assets on the books.

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