Mazagon Dock Shipbuilders is an Indian company owned by the government of India with more than 83% of its equity. The shipbuilder and vessel construction company is under the Ministry of Defence. Mazagon Dock was founded in 1934, and 13 years after the independence of India from the British in 1947, in 1960, Mazagon Dock Shipbuilders Limited was nationalized.
As the Mazagon Dock Share Price started climbing up the ladder from Rs 732 (March 6th, 2023) towards a growth trajectory towards 2X on the stock exchange as of today ie., March 5th, 2024, investors also started following up the market trend. In this article, we will take you through the different factors that will affect the Mazagon Dock Share Price Target in the future. Also, we will take you through the Mazagon Dock Share Price Target for 2025 and beyond.
Mazagon Dock Share Price Target Latest News
- Mazagon Dock Share Price today is down by 0.31% on the National Stock Exchange. The Mazdock NSE stock opened Tuesday morning at Rs 2107.30 per share, but its share price has been on a negative trajectory after it went to Rs 2119.00.
- Mazagon Dock Shipbuilders Ltd ‘’India’s largest shipbuilder’’ won a contract from a European Client worth around 42 million US Dollars. This news led to a positive trend for the NSE Mazdock stock on the National Stock Exchange on Friday ie., Dec 18th, 2023.
- India’s Ministry of Defence awards Mazagon Dock Shipbuilders Limited a contract worth Rs 1600 crores to build Six new offshore patrol vessels. Mazagon Dock will deliver these new and latest NGOPVs to the Indian Coast Guard, per exchange filling.
- In January 2024, the Ministry of Defence awarded another contract to India’s most prominent shipbuilder, Mazagon Dock Shipyard Builders Limited worth Rs 1,070 crores to build and deliver 14 new fast patrol vessels. These FPVs will be used by the Indian Coast Guard. Earlier, Mazagon Dock ‘in December 2023, had been awarded a contract worth 1600 crores with the Ministry of Defence.
Mazagon Dock Share Price Target 2024
| Month (2024) | Maximum Target | Minimum Target |
|---|---|---|
| January | Rs – | Rs – |
| February | Rs – | Rs – |
| March | Rs 2195.42 | Rs 1930.40 |
| April | Rs 2206.94 | Rs 2038.70 |
| May | Rs 2318.03 | Rs 2149.62 |
| June | Rs 2440.22 | Rs 2259.22 |
| July | Rs 2527.65 | Rs 2370.11 |
| August | Rs 2690.91 | Rs 2481.01 |
| September | Rs 2798.09 | Rs 2599.05 |
| October | Rs 2858.04 | Rs 2611.30 |
| November | Rs 2966.80 | Rs 2719.90 |
| December | Rs 3075.01 | Rs 2831.70 |
(This prediction is based upon our understanding seeing the history of the above stock, an expert advice is critical before making any investment-related commitment)
Mazagon Dock Share Price Target 2025
| Month (2025) | Maximum Target | Minimum Target |
|---|---|---|
| January | Rs 3070.20 | Rs 2829.50 |
| February | Rs 3183.60 | Rs 2937.01 |
| March | Rs 3286.05 | Rs 3050.22 |
| April | Rs 3296.08 | Rs 3061.60 |
| May | Rs 3308.00 | Rs 3162.91 |
| June | Rs 3419.03 | Rs 3275.00 |
| July | Rs 3530.50 | Rs 3387.06 |
| August | Rs 3655.09 | Rs 3496.70 |
| September | Rs 3738.25 | Rs 3509.79 |
| October | Rs 3890.71 | Rs 3622.48 |
| November | Rs 3989.72 | Rs 3733.00 |
| December | Rs 4094.20 | Rs 3846.32 |
(This prediction is based upon our understanding seeing the history of the above stock, an expert advice is critical before making any investment-related commitment)
Mazagon Dock Share Price Target 2026 to 2030
| Year | Maximum Target | Minimum Target |
|---|---|---|
| 2026 | Rs 5126.60 | Rs 3970.60 |
| 2027 | Rs 6288.07 | Rs 5097.02 |
| 2028 | Rs 7379.24 | Rs 6119.76 |
| 2029 | Rs 8481.62 | Rs 7227.66 |
| 2030 | Rs 10720.20 | Rs 8390.02 |
(This prediction is based upon our understanding seeing the history of the above stock, an expert advice is critical before making any investment-related commitment)
Mazagon Dock Share Price Target: NSE Financials 2023
- Market Capitalisation: 39,464.60 Crores INR
- Revenue: 2786.27 Billion INR ⬆ 36.52% YOY
- Operating expense: 14.78 Billion INR ⬆ 15.37% YOY
- Net Income: 11.19 Billion INR ⬇ 83.20% YOY
- Net Profit Margin: 14.30 ⬇ 34.27% YOY
- Earnings Per Share: 55.48 ⬇ 80.07% YOY
- EBITDA: 7.87 Billion INR ⬇ 74.16% YOY
- Effective Tax Rate: 24.17%
- Total Assets: 294.63 Billion INR ⬇ -1.03% YOY
- Total Liabilities: 247.03 Billion INR ⬇ -4.67% YOY
- Total Equity: 47.60 Billion INR
- Return on assets: 1.53%
- Return on Capital: 10.51%
- P/E Ratio: 26.49
- Dividend Yield: 1.06%
Mazagon Dock Shareholding Pattern
- Promoters: 84.83%
- FII: 3.32%
- DII: 0.05%
- Retail & Others: 11.43%
- Mutual Funds: 0.37%
Mazagon Dock Share Price Target Competitors (Market Cap: 42,335.74 crores INR)
- Cochin Shipyard Market Cap: 23,189.26 crores INR
- Garden Reach SIL Market Cap: 9,500.37 crores INR
- ABG Shipyard Market Cap: 11.96 crores INR
- Bharati Defence IL Cap: 9.81 crores INR
Points to consider before investing in Mazagon Dock Stock
- Mazagon Dock Shipbuilders Limited comes under the Ministry of Defence, India and last year this state-owned Defence sector company bagged contracts worth around Rs 6000 crores to construct and deliver Defence Industry equipment and vessels. This shows the robustness in demand for the company and should uphold investor morale.
- The contracts worth an estimated Rs 6,000 crores for India’s largest shipbuilder have perhaps led to a significant jump into the Mazagon Dock Share Price Target on the stock exchange, ie., a jump of 186% since March 6th, 2023.
- However, Analysts from the Arihant Capitals suggest ‘profit taking’ for the Mazagon Dock Share Price Target. Experts at Arihant Capital advised against new positions in the Mazagon Share.
- Since Last year, Mazagon Dock Share Price Target has been on a steep upward trajectory. This is due to several contracts signed by the Shipbuilder and Defence Sector company. However, in 2024, NSE Mazdock has fallen by 8% ie., from Rs 2289 per share on January 1st, 2024 to 2100 as of today ie., March 5th, 2024.
Conclusion
Mazagon Dock Share Price Target history on the stock exchange has been on a steep upward trend with a huge gain of 186% since March 6th, 2023. Also, the Mazagon Dock Share Price Target NSE went from Rs 168 (Oct 20th, 2020) to Rs 2101 (March 5th, 2024) in the last five years of its stock trading. This shows how Mazagon Dock Share Price Target NSE stock has given multiple returns to its investors. Since the stock price of Mazagon Dock has reached its highest target as of today and the stock is on a downward trend, we suggest investors be cautious before opening a new position into the Mazdock NSE stock.
FAQs
- How has the Mazagon Dock share price performed historically?
- The Mazagon Dock share price has seen a significant rise, especially from March 2023 to March 2024, showing a 186% increase.
- What are the expected future price targets for Mazagon Dock shares?
- The expected Mazagon Dock share price target ranges from Rs 3075.01 to Rs 4094.20 by the end of 2024, with further increases predicted in the subsequent years.
- What factors are driving the share price of Mazagon Dock?
- The share price is driven by multiple contracts awarded by the Ministry of Defence and international clients, showcasing the company’s robust demand and future growth potential.
- Should investors consider buying Mazagon Dock shares now?
- Investors should exercise caution due to the recent high share price and a slight downward trend observed in 2024. Expert advice is recommended before making new investments.
- What are the primary competitors of Mazagon Dock?
- Key competitors include Cochin Shipyard, Garden Reach Shipbuilders, ABG Shipyard, and Bharati Defence and Infrastructure Limited.