{"id":343506,"date":"2026-11-11T10:48:44","date_gmt":"2026-11-11T05:18:44","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=343506"},"modified":"2026-11-11T10:48:44","modified_gmt":"2026-11-11T05:18:44","slug":"mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/","title":{"rendered":"Mazagon Dock Share Price: 23.4% CAGR in 3 Years as the Submarine Builder Takes On Cochin Shipyard and Bharat Dynamics"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#Mazagon_Dock_Share_Price_234_CAGR_in_3_Years_as_the_Submarine_Builder_Takes_On_Cochin_Shipyard_and_Bharat_Dynamics\" title=\"Mazagon Dock Share Price: 23.4% CAGR in 3 Years as the Submarine Builder Takes On Cochin Shipyard and Bharat Dynamics\">Mazagon Dock Share Price: 23.4% CAGR in 3 Years as the Submarine Builder Takes On Cochin Shipyard and Bharat Dynamics<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#How_Much_Has_the_Mazagon_Dock_Share_Price_Returned_in_3_Years\" title=\"How Much Has the Mazagon Dock Share Price Returned in 3 Years?\">How Much Has the Mazagon Dock Share Price Returned in 3 Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#Mazagon_Dock_vs_Cochin_Shipyard_and_Bharat_Dynamics_3-Year_CAGR_Compared\" title=\"Mazagon Dock vs Cochin Shipyard and Bharat Dynamics: 3-Year CAGR Compared\">Mazagon Dock vs Cochin Shipyard and Bharat Dynamics: 3-Year CAGR Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#Valuation_and_Quality_Compared\" title=\"Valuation and Quality Compared\">Valuation and Quality Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#What_Is_Driving_the_Mazagon_Dock_Stock\" title=\"What Is Driving the Mazagon Dock Stock?\">What Is Driving the Mazagon Dock Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#How_the_Established_Players_Stack_Up\" title=\"How the Established Players Stack Up\">How the Established Players Stack Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#What_Should_Investors_Track_Next\" title=\"What Should Investors Track Next?\">What Should Investors Track Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#How_to_Compare_Defence_Shipbuilding_Stocks_Yourself\" title=\"How to Compare Defence Shipbuilding Stocks Yourself\">How to Compare Defence Shipbuilding Stocks Yourself<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#A_Naval_Yard_With_the_Highest_ROE_in_the_Group\" title=\"A Naval Yard With the Highest ROE in the Group\">A Naval Yard With the Highest ROE in the Group<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#What_is_the_Mazagon_Dock_share_price_today\" title=\"What is the Mazagon Dock share price today?\">What is the Mazagon Dock share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#What_is_the_3-year_CAGR_of_the_Mazagon_Dock_stock\" title=\"What is the 3-year CAGR of the Mazagon Dock stock?\">What is the 3-year CAGR of the Mazagon Dock stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#Is_Mazagon_Dock_better_than_Cochin_Shipyard\" title=\"Is Mazagon Dock better than Cochin Shipyard?\">Is Mazagon Dock better than Cochin Shipyard?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#What_does_Mazagon_Dock_Shipbuilders_do\" title=\"What does Mazagon Dock Shipbuilders do?\">What does Mazagon Dock Shipbuilders do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#Is_the_Mazagon_Dock_stock_debt_free\" title=\"Is the Mazagon Dock stock debt free?\">Is the Mazagon Dock stock debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#Is_Mazagon_Dock_expensive_compared_with_the_industry\" title=\"Is Mazagon Dock expensive compared with the industry?\">Is Mazagon Dock expensive compared with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#Which_defence_shipbuilding_stock_gave_the_highest_return_in_3_years\" title=\"Which defence shipbuilding stock gave the highest return in 3 years?\">Which defence shipbuilding stock gave the highest return in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/mazagon-dock-share-price-3-year-cagr-vs-defence-peers-cochin-shipyard-bharat-dynamics\/#How_do_I_calculate_CAGR_for_a_stock\" title=\"How do I calculate CAGR for a stock?\">How do I calculate CAGR for a stock?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Mazagon_Dock_Share_Price_234_CAGR_in_3_Years_as_the_Submarine_Builder_Takes_On_Cochin_Shipyard_and_Bharat_Dynamics\"><\/span><strong>Mazagon Dock Share Price: 23.4% CAGR in 3 Years as the Submarine Builder Takes On Cochin Shipyard and Bharat Dynamics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Mazagon Dock previous close Rs 1,878. 3-year CAGR 23.4%. Up 1.9x since 9 Nov 2023. ROE 23.45%. Market cap Rs 75,755 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The <strong>Mazagon Dock share price<\/strong> closed at Rs 1,878 on 9 November 2026, a compounded annual return of 23.4% over three years. That compares with Cochin Shipyard at 35.5% and Bharat Dynamics at 28.2%. The company has a market cap of Rs 75,755 crore and a P\/E of 30.91 against an industry P\/E of 47.55.<\/p>\n<\/p><\/div>\n<p>The <strong>Mazagon Dock share price<\/strong> has almost doubled in three years, which is a strong result for a company that builds some of the most complex vessels in the country. Mazagon Dock Shipbuilders, the Mumbai-based public sector yard, builds destroyers, frigates and submarines for the Indian Navy.<\/p>\n<p>This article compares that run with Cochin Shipyard and Bharat Dynamics, two other listed names in the naval and defence manufacturing space. We calculate the three-year CAGR for all three and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=mazagon-dock-share-price\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_the_Mazagon_Dock_Share_Price_Returned_in_3_Years\"><\/span><strong>How Much Has the Mazagon Dock Share Price Returned in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Mazagon Dock stock closed at Rs 998.23 on 9 November 2023 and at Rs 1,878.00 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.88 lakh, which is a CAGR of 23.4%. This is a price return and leaves out dividends.<\/p>\n<p>CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Mazagon Dock can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.<\/p>\n<p>The <strong>Mazagon Dock share price<\/strong> has also followed the theme of indigenous defence manufacturing, where long naval programmes for warships and submarines widened the order book of Indian shipyards.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mazagon_Dock_vs_Cochin_Shipyard_and_Bharat_Dynamics_3-Year_CAGR_Compared\"><\/span><strong>Mazagon Dock vs Cochin Shipyard and Bharat Dynamics: 3-Year CAGR Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Close on 9 Nov 2023<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Previous close (9 Nov 2026)<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Price multiple<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">3-year CAGR<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Cochin Shipyard<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 518.80<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,290.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.5x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">35.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Bharat Dynamics<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 526.05<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,109.65<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.1x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">28.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Mazagon Dock Shipbuilders<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 998.23<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,878.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.9x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">23.4%<\/td>\n<\/tr>\n<\/table>\n<p>The Mazagon Dock stock ranks third of the three at 23.4%. The companies ahead are Cochin Shipyard (35.5%) and Bharat Dynamics (28.2%). Cochin Shipyard leads the group, followed by Bharat Dynamics and then Mazagon Dock. Mazagon Dock is the largest of the three by market cap and carries the highest ROE, so its yearly return came on the biggest base of capital in the group.<\/p>\n<p>Look at the <strong>Mazagon Dock share price<\/strong> alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Quality_Compared\"><\/span><strong>Valuation and Quality Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/mazdock\/mazagon-dock-shipbuilders-ltd-share-price-today\">Mazagon Dock Shipbuilders<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 75,755 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">30.91<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">47.55<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">23.45%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.08<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/bdl\/bharat-dynamics-ltd-share-price-today\">Bharat Dynamics<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 40,670 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">78.08<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">51.77<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">9.91%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/cochinship\/cochin-shipyard-ltd-share-price-today\">Cochin Shipyard<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 33,911 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">49.86<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">47.55<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">12.20%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.28<\/td>\n<\/tr>\n<\/table>\n<p>By market cap, Mazagon Dock Shipbuilders is the largest of the group at Rs 75,755 crore, which gives it the scale advantage over Cochin Shipyard, Bharat Dynamics. On earnings, Mazagon Dock shares trade at a P\/E of 30.91 against an industry P\/E of 47.55, a discount of about 35% to the sector, which leaves room if earnings keep growing. Peer multiples are Cochin Shipyard at 49.86 and Bharat Dynamics at 78.08.<\/p>\n<p>Return on equity is 23.45% for the Mazagon Dock stock, which ranks first among the three, and debt to equity stands at 0.08. Trailing EPS is Rs 60.76. Shipyards are valued on the size and quality of their order books, so the P\/E should be read together with return on equity and the pace at which orders turn into deliveries.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_Mazagon_Dock_Stock\"><\/span><strong>What Is Driving the Mazagon Dock Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mazagon Dock builds destroyers, frigates and conventional submarines for the Indian Navy, and it also takes on ship repair and refit work. Naval programmes run over many years, which gives the company a long runway of revenue visibility.<\/p>\n<p>The yard has a large order book across surface ships and submarines, and execution on these programmes decides how quickly revenue is recognised. Advance payments on large contracts also help working capital, which is one reason its balance sheet carries very little debt.<\/p>\n<p>Followers of the <strong>Mazagon Dock share price<\/strong> usually track fresh naval orders, delivery milestones on current programmes, margins on long contracts and progress on submarine projects.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Established_Players_Stack_Up\"><\/span><strong>How the Established Players Stack Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cochin Shipyard is a Kochi-based public sector yard that builds commercial ships and naval vessels, including an aircraft carrier, and also runs a large ship repair business. It compounded at 35.5% a year, on a market cap of Rs 33,911 crore and an ROE of 12.20%.<\/p>\n<p>Bharat Dynamics is a Hyderabad-based public sector maker of guided missiles, torpedoes and related weapon systems for the armed forces. It compounded at 28.2% a year, on a market cap of Rs 40,670 crore and an ROE of 9.91%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Track_Next\"><\/span><strong>What Should Investors Track Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three things are worth watching on the <strong>Mazagon Dock share price<\/strong>. First, the size and timing of the next naval orders. Second, the pace of deliveries on warship and submarine programmes. Third, margins as large contracts move through execution.<\/p>\n<p>At a P\/E of 31, the valuation sits well below the industry P\/E of 48. Order timing can still shift from quarter to quarter, so size any position with that in mind.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals of defence stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_Defence_Shipbuilding_Stocks_Yourself\"><\/span><strong>How to Compare Defence Shipbuilding Stocks Yourself<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can repeat this exercise for any pair of stocks, including the Mazagon Dock stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P\/E against the industry P\/E, ROE and debt to equity. Benchmark the result against the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> as well, so you know whether the stock beat the broader market.<\/p>\n<p>A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the <strong>Mazagon Dock share price<\/strong>, the same four checks give a more complete picture than price alone.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the <strong>Mazagon Dock share price<\/strong> and compare defence stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Naval_Yard_With_the_Highest_ROE_in_the_Group\"><\/span><strong>A Naval Yard With the Highest ROE in the Group<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Mazagon Dock share price<\/strong> compounded at 23.4% a year over three years, behind Cochin Shipyard at 35.5% and Bharat Dynamics at 28.2%. Its ROE of 23.45% is the highest of the three, and its debt to equity of 0.08 is very low.<\/p>\n<p>Cochin Shipyard brings a mix of commercial and naval work, while Bharat Dynamics brings a missile focus. The choice depends on which part of the defence chain you want to follow.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Mazagon_Dock_share_price_today\"><\/span><strong>What is the Mazagon Dock share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mazagon Dock Shipbuilders closed at Rs 1,878 on 9 November 2026, according to NSE data. It has a market cap of Rs 75,755 crore and a P\/E of 30.91. Check live quotes before acting, as prices change every trading day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_3-year_CAGR_of_the_Mazagon_Dock_stock\"><\/span><strong>What is the 3-year CAGR of the Mazagon Dock stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mazagon Dock Shipbuilders delivered a price CAGR of 23.4% over three years, moving from Rs 998.23 on 9 November 2023 to Rs 1,878.00 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Mazagon_Dock_better_than_Cochin_Shipyard\"><\/span><strong>Is Mazagon Dock better than Cochin Shipyard?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Cochin Shipyard delivered a higher three-year CAGR at 35.5% than Mazagon Dock at 23.4%. Mazagon Dock is the larger company by market cap at Rs 75,755 crore against Rs 33,911 crore, with a higher ROE at 23.45% against 12.20% and a lower P\/E of 30.91 against 49.86. The better choice depends on your view of each business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Mazagon_Dock_Shipbuilders_do\"><\/span><strong>What does Mazagon Dock Shipbuilders do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mazagon Dock Shipbuilders is a Mumbai-based public sector shipyard that builds warships and submarines for the Indian Navy and takes up ship repair work.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Mazagon_Dock_stock_debt_free\"><\/span><strong>Is the Mazagon Dock stock debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The debt to equity ratio of the Mazagon Dock stock is 0.08 and its return on equity is 23.45%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Mazagon_Dock_expensive_compared_with_the_industry\"><\/span><strong>Is Mazagon Dock expensive compared with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mazagon Dock trades at a P\/E of 30.91 against an industry P\/E of 47.55. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_defence_shipbuilding_stock_gave_the_highest_return_in_3_years\"><\/span><strong>Which defence shipbuilding stock gave the highest return in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among the companies compared here, Cochin Shipyard delivered the highest three-year CAGR at 35.5%, followed by Bharat Dynamics at 28.2%. Past returns do not guarantee future performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_calculate_CAGR_for_a_stock\"><\/span><strong>How do I calculate CAGR for a stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Mazagon Dock share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Mazagon Dock Shipbuilders closed at Rs 1,878 on 9 November 2026, according to NSE data. It has a market cap of Rs 75,755 crore and a P\/E of 30.91. 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See how it compares with Cochin Shipyard and Bharat Dynamics on returns, valuation and ROE.<\/p>\n","protected":false},"author":34,"featured_media":343505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[21923,21925,21924,21926],"class_list":["post-343506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-mazagon-dock-share-price","tag-mazagon-dock-shipbuilders-stock","tag-mazagon-dock-vs-cochin-shipyard","tag-shipbuilding-stocks-3-year-return"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["343505"],"rank_math_title":["Mazagon Dock Share Price: 23.4% CAGR vs Cochin, BDL"],"rank_math_description":["Mazagon Dock share price compounded at 23.4% a year over 3 years. 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