Is the Mazagon Dock’s share a good choice for long-term investment? Is it the right time to buy the Mazagon Dock’s share? Can profit be made from this stock in a short time?
Friends, if you are also searching for answers to all these questions on Google, then you are in the right place. Today in this article we will discuss in detail about the future of Mazagon Dock shares, we will find out the estimated Mazagon Dock share price target for year 2024, 2025, 2027, 2028, 2029, 2030, 2035.
To predict Mazagon Dock stock, we will use our internal research as well as the company’s technical analysis, business figures, financial results and future projects.
We will analyze the performance of the company’s shares from recent times to the last few years ,this will provide well researched article of Mazagoan Dock Shipbuilders Ltd. (MAZDOCK) share price target for 2024, 2025, 2030 to 2050.
Table of Contents
Mazagoan Dock Shipbuilders Ltd. (MAZDOCK) Overview
Mazagon Dock Shipbuilders Ltd (MDL) is a prominent Indian shipyard located in Mumbai, Maharashtra. Established in 1934, MDL has evolved into a leading defense and naval shipbuilding company in the country. Mazagaon Dock is a Gov. of India’s Public Sector Undertaking those run by Ministry of Defence. Government Holds 84.83% of its Stake .
With a rich history spanning nearly nine decades, the company has played a pivotal role in the construction of a wide array of vessels, including warships, submarines, and offshore platforms. The company has built more than 800 ships since 1960, including submarines, warships, passenger/cargo ships and offshore platforms.
In line with the ‘Atma Nirbhar Bharat‘ initiative, it actively collaborates with national and international firms to develop drones, autonomous underwater vehicles, and infrastructure projects. This dedication to innovation ensures its continued relevance in the ever-evolving maritime landscape.
How Mazagoan Dock Generates Revenue?
Mazagoan Dock generates revenue primarily through the following business segments:
Construction and Delivery of Ships:
- Military vessels: This is MDL’s primary revenue driver, encompassing the construction of frigates, corvettes, submarines, and other warships for the Indian Navy. Large-scale projects like the P17A frigates and Scorpene submarines contribute significantly to their income.
- Merchant ships: Mazagon Dock Shipbuilders Ltd builds oil tankers, bulk carriers, passenger ferries, and other commercial vessels for both domestic and international clients. This diversifies their revenue source and caters to growing maritime trade.
- Offshore platforms and support vessels: MDL’s expertise extends to fabricating offshore platforms and support vessels for the oil and gas industry. This opens up another avenue for income and showcases their diversified capabilities.
Repair and Maintenance Services:
- Docking and refurbishment: MDL offers docking and refurbishment services for all types of ships, both military and commercial. This provides a steady stream of income and utilizes their skilled workforce and infrastructure.
- Emergency repairs and breakdown services: Mazagon Dock Shipbuilders Ltd has the expertise and equipment to handle emergency repairs and breakdowns for ships at sea. This generates additional revenue from quick, reliable services.
Mazagon Dock Shipbuilders Limited Share
Mazagon Dock Shipbuilders Ltd is listed on the National Stock Exchange and the Bombay Stock Exchange and has a large number of shareholders. Gov. of India holds the majority stake in the company. As on 27 Dec 2023, Mazagon Dock Share value was Rs.2,340.00/-
Mazagon Dock Share 52 week high at Rs. 2484.70/- & 52 week low Rs. 612/-.
| Company Name | Mazagon Dock Shipbuilders Ltd |
| Share Name | BSE: 543237 | NSE: MAZDOCK |
| Sector | Defence Industry |
| Headquarter | Mumbai |
| Foundation | 1934 |
| Key Person | Mr. Sanjeev Singhal (CEO) |
| Market Cap | Rs.47,226.72 Crore |
| Revenue | Rs.7,827.80 Crore |
| Official Website | Click Here |
Mazagon Dock Share Price Target in the Next 1, 2, 3, 5, 7, and 10 Years
| Period | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 1 Year | ₹3,715.82 | ₹4,850.15 |
| 2 Years | ₹4,990.90 | ₹6,280.12 |
| 3 Years | ₹6,400.18 | ₹8,106.29 |
| 4 Years | ₹8,290.46 | ₹9,860.86 |
| 5 Years | ₹10,166.16 | ₹12,006.70 |
| 6 Years | ₹12,242.90 | ₹14,125.36 |
| 7 Years | ₹14,428.16 | ₹16,160.39 |
| 8 Years | ₹16,380.40 | ₹17,925.73 |
| 9 Years | ₹18,110.55 | ₹19,652.50 |
| 10 Years | ₹19,860.12 | ₹21,108.24 |
From last three years CAGR of Mazagaon Dock Share is 22.6%, In last year share price of Mazagaon Dock grew by 193%, this growth indicates that future share price mazagaon dock will be bullish. In upcoming 1 year Mazagaon Dock share will grow by 58% & in 5 year 334%.
Note:- “That these share price targets for “Mazagon Dock Shipbuilders Limited Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Mazagon Dock Share Price Target 2024, 2025, 2027, 2028, 2030, 2035
| Period | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2024 | ₹3,715.82 | ₹4,850.15 |
| 2025 | ₹4,990.90 | ₹6,280.12 |
| 2026 | ₹6,400.18 | ₹8,106.29 |
| 2027 | ₹8,290.46 | ₹9,860.86 |
| 2028 | ₹10,166.16 | ₹12,006.70 |
| 2029 | ₹12,242.90 | ₹14,125.36 |
| 2030 | ₹14,428.16 | ₹16,160.39 |
| 2033 | ₹19,860.12 | ₹21,108.24 |
| 2035 | ₹29,650.10 | ₹31,453.19 |
| 2040 | ₹41,269.80 | ₹43,760.60 |
| 2050 | ₹64,373.50 | ₹66,109.60 |
Mazagon Dock Share Price Target 2024
| 2024 | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| January | ₹3,715.82 | ₹3,802.56 |
| February | ₹3,862.29 | ₹3,902.54 |
| March | ₹4,212.15 | ₹4,298.65 |
| April | ₹4,311.69 | ₹4,400.10 |
| May | ₹4.415.23 | ₹4,489.17 |
| June | ₹4,494.36 | ₹4,503.19 |
| July | ₹4,510.87 | ₹4,578.65 |
| August | ₹4,585.25 | ₹4,620.82 |
| September | ₹4,632.47 | ₹4,701.24 |
| October | ₹4,708.41 | ₹4,769.23 |
| November | ₹4,777.20 | ₹4,801.26 |
| December | ₹4,804.69 | ₹4,850.15 |
Mazagon Dock Shipbuilders Limited has INR 7827.18 Crores in net sales and EBITDA is 19.3 in March 2023. The book value per share for Mazagon Dock was INR 236.76, and the company’s adjusted EPS was INR 62.22. The firm had a net debt-to-equity ratio of 0.00 and an ROE of 28.61%, Both debt-to-equity & ROE ratio of Company is very good. By considering this ratio, As per our Analysis Mazagon Dock First Target for 2023 is ₹3,715.82 & Second Target is ₹4,850.15.
Mazagon Dock Share Price Target 2025
| 2025 | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| January | ₹4,990.90 | ₹5,078.32 |
| February | ₹5,083.26 | ₹5,169.65 |
| March | ₹5,176.97 | ₹5,282.20 |
| April | ₹5,285.10 | ₹5,376.25 |
| May | ₹5,382.58 | ₹5,475.76 |
| June | ₹5,479.84 | ₹5,577.23 |
| July | ₹5,582.79 | ₹5,680.63 |
| August | ₹5,686.45 | ₹5,771.80 |
| September | ₹5,775.60 | ₹5,862.24 |
| October | ₹5,873.41 | ₹5,980.23 |
| November | ₹5,985.20 | ₹6,145.26 |
| December | ₹6,163.69 | ₹6,280.12 |
Mazagon Dock has many New warship contracts, merchant ship orders, and expansion plans in offshore platforms paint etc., along with new orders, there are also several maintenance projects, which are also shown in the company’s order book. As per the Order Book & Past Performance of the company in the recent years, it is expected that the company will continue to do well in 2025 also, due to which Mazagon Dock Share Price First Target is expected to reach the price level of ₹4,990.90 & Second Target ₹6,280.12 in 2025.
Mazagon Dock Share Price Target 2026
| 2026 | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| January | ₹6,400.25 | ₹6,538.42 |
| February | ₹6,540.68 | ₹6,681.50 |
| March | ₹6,686.64 | ₹6,828.19 |
| April | ₹6,830.80 | ₹6,970.52 |
| May | ₹6,972.85 | ₹7,116.67 |
| June | ₹7,119.48 | ₹7,255.32 |
| July | ₹7,259.87 | ₹7,401.32 |
| August | ₹7,404.51 | ₹7,542.06 |
| September | ₹7,545.71 | ₹7,685.40 |
| October | ₹7,689.15 | ₹7,829.25 |
| November | ₹7,831.30 | ₹7,969.61 |
| December | ₹7,971.95 | ₹8,106.50 |
In the month of December 2023 itself, Mazagaon Dock has received the contract to build 6 next-generation offshore patrol vessels from the Indian Coast Guard and the contract to build 3 hybrid multi-purpose vessels worth $42 million from a European client. Due to the news of receiving so many contacts, the company’s shares price grow 6-7% in a single month. Mazagaon Dock First Share Price Target for 2026 is ₹6,400.25 & Second Target is ₹8,106.50.
Mazagon Dock Share Price Target 2027
Mazagon Dock is well-positioned for future growth with a strong order book, a diversified portfolio of projects, and a commitment to innovation and technological advancement. We forecast that for year 2027 Mazagon Dock first target is ₹8,290.46 and Second target may be ₹9,860.86.
Mazagon Dock share price target 2027 are as follows –
| Target Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹8,290.46 | ₹9,860.86 |
Mazagon Dock Share Price Target 2028
Mazagon Dock’s financial landscape presents a compelling narrative of resilience and promising growth prospects. While operating profit has experienced fluctuations, the company’s other income streams have demonstrated unwavering growth, highlighting a well-diversified revenue portfolio. On Positive side, we anticipated that for year 2028, Mazagon Dock first target is ₹10,166.16 and Second target be ₹12,006.70.
Mazagon Dock share price target 2028 are as follows –
| Target Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹10,166.16 | ₹12,006.70 |
Mazagon Dock Share Price Target 2029
By capitalizing on emerging opportunities and expanding its market reach. We anticipate a share price target of ₹14,125.36 for Mazagon Dock in the year 2029.
Mazagon Dock first target is ₹12,242.90 and Second target may be ₹14,125.36.
Mazagon Dock share price target 2029 are as follows –
| Target Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹12,242.90 | ₹14,125.36 |
Mazagon Dock Share Price Target 2030
Mazagon Dock Shipbuilders Ltd’s strong financial standing, diversified revenue streams, strategic focus on innovation.
Mazagon Dock share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹14,428.16 | ₹16,160.39 |
FAQs
For long term Mazagaon Dockyard share will give 15-20 times returns of investment.
Yes, Mazagaon Dockyard is a debt free company, It has only 3.5cr of Debts.
Yes, as per our analysis & previous financial statement of company, Mazgaon Dock a good buy for long term, Mazgaon Dock has a strong financial track record, with consistent revenue growth and profitability. The company also has a low debt-to-equity ratio, which indicates that it is financially sound. Sales growth for past 3 years is 16.86%, Profit growth for past 3 years is 37.97% & ROE is 21.61%.
Read Also –
