Is Mazagon Dock Shipbuilders the Best Stock in Its Sector? A Look at the Numbers
- October 13, 2026
- Posted by: Neeraj Pandey
- Category: Market
Mazagon Dock Shipbuilders CMP Rs 2,027 (13 Oct 2026). Market cap Rs 81,805 Cr. ROE 26.48%. P/E 28.66x versus Industry P/E 47.23x.
Quick Answer
Mazagon Dock Shipbuilders is one of the names investors compare when screening the Ship Building sector, built on a 26.48% return on equity and a P/E of 28.66x against an Industry P/E of 47.23x. Whether Mazagon Dock Shipbuilders is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Ship Building sector peers, so you can judge that for yourself.
Is Mazagon Dock Shipbuilders the best stock in its sector? The stock trades on the NSE at Rs 2,027 as of 13 October 2026, within its 52-week range of Rs 1,987.70 to Rs 2,881.80. Mazagon Dock Shipbuilders Ltd, headquartered in Mumbai, is a defence public sector shipyard that builds warships and submarines for the Indian Navy.
Mazagon Dock Shipbuilders sits in the Ship Building sector, and its 26.48% ROE and 28.66x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders Ltd, headquartered in Mumbai, is a defence public sector shipyard that builds warships and submarines for the Indian Navy. Naval vessels and submarines are its core products. The stock trades about 30 percent below its 52-week high and about 2 percent above its 52-week low. At a market capitalisation of Rs 81,805 Cr, it is tracked as part of the Ship Building sector on Univest.
Is Mazagon Dock Shipbuilders the Best Stock in Its Sector?
Mazagon Dock Shipbuilders makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 26.48% ROE with a 28.66x P/E against the sector’s 47.23x Industry P/E. Mazagon Dock’s 28.66x P/E is well below the 47.23x Industry P/E, with a 26.48% ROE and a debt to equity ratio of 0.05, though its ROE is slightly below Garden Reach Shipbuilders at 28.48%.
| Metric | Mazagon Dock Shipbuilders |
|---|---|
| CMP (NSE) | Rs 2,027.00 |
| 52-Week High / Low | Rs 2,881.80 / Rs 1,987.70 |
| Market Cap | Rs 81,805 Cr |
| P/E (TTM) vs Industry P/E | 28.66x vs 47.23x |
| P/B | 8.39 |
| ROE | 26.48% |
| EPS (TTM) | Rs 70.75 |
| Dividend Yield | 0.89% |
| Debt to Equity | 0.05 |
Compare Mazagon Dock Shipbuilders Against Other Ship Building Sector Stocks
How Mazagon Dock Shipbuilders Compares Against Its Ship Building Sector Peers
The table below sets Mazagon Dock Shipbuilders against 2 other Ship Building sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Mazagon Dock Shipbuilders | 81,805 | 28.66 | 26.48% | 0.05 |
| Cochin Shipyard | 32,463 | 47.74 | 12.20% | 0.28 |
| Garden Reach Shipbuilders and Engineers | 23,842 | 29.78 | 28.48% | 0.01 |
| Peer average (2 companies) | – | 38.76 | 20.34% | 0.15 |
Against this peer set, Mazagon Dock Shipbuilders’s 26.48% ROE is above the 20.34% peer average, and its P/E of 28.66x runs below the peer average of 38.76x. Mazagon Dock’s 28.66x P/E is well below the 47.23x Industry P/E, with a 26.48% ROE and a debt to equity ratio of 0.05, though its ROE is slightly below Garden Reach Shipbuilders at 28.48%.
What Makes Mazagon Dock Shipbuilders Worth Watching in Ship Building
- Valuation discount: A 28.66x P/E against a 47.23x Industry P/E sits well below the sector benchmark.
- High returns: A 26.48% ROE is more than double Cochin Shipyard at 12.20%.
- Light balance sheet: A debt to equity ratio of 0.05 leaves little financial risk from borrowing.
Mazagon Dock Shipbuilders Valuation: Is It Justified?
Mazagon Dock’s 28.66x P/E is well below the 47.23x Industry P/E, with a 26.48% ROE and a debt to equity ratio of 0.05, though its ROE is slightly below Garden Reach Shipbuilders at 28.48%. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Bharat Electronics the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Mazagon Dock Shipbuilders and other Ship Building sector stocks.
How to Track Mazagon Dock Shipbuilders Before You Invest
Before deciding whether Mazagon Dock Shipbuilders deserves its label as the best stock in its sector for your own portfolio, compare it directly against Ship Building sector peers using the steps below.
- Open the Univest Screener and search for Mazagon Dock Shipbuilders to view live price, valuation ratios, and peer comparisons within the Ship Building sector.
- Compare its P/E, P/B, and ROE against other Ship Building sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Mazagon Dock Shipbuilders earns a place in the best stock in its sector conversation on the strength of a 26.48% ROE and a P/E of 28.66x against a 47.23x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Mazagon Dock Shipbuilders the best stock in its sector?
Ans. Mazagon Dock Shipbuilders has a 26.48% ROE and trades at 28.66x P/E against a 47.23x Industry P/E, and compares above the peer average ROE of 20.34% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Mazagon Dock Shipbuilders?
Ans. Mazagon Dock Shipbuilders was trading at Rs 2,027.00 on the NSE as of 13 October 2026, within its 52-week range of Rs 1,987.70 to Rs 2,881.80.
What sector does Mazagon Dock Shipbuilders belong to?
Ans. Mazagon Dock Shipbuilders is classified under the Ship Building sector on Univest.
How does Mazagon Dock Shipbuilders compare to its sector peers on P/E?
Ans. Mazagon Dock Shipbuilders’s P/E of 28.66x is below the 38.76x average of the 2 named peers compared in this article.
What is Mazagon Dock Shipbuilders’s return on equity?
Ans. Mazagon Dock Shipbuilders reported a return on equity of 26.48%, which is above the 20.34% average of its named peers in this comparison.
Should I invest in Mazagon Dock Shipbuilders based on its sector position?
Ans. Mazagon Dock Shipbuilders’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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