Mazagon Dock Share Price Target: The share price of Mazagon Dock, a company engaged in shipbuilding and allied services, will be in focus in today’s trading after the company reported a 42 per cent jump in profit in Q4.
Various brokerages such as Nirmal Bang and HDFC Securities, have analysed the company’s results and have expressed positive views about the company, seeing an upside potential of up to 16 per cent for the stock.
Mazagon Dock Share Price Target 2026
Here’s what brokerages have to say:
HDFC Securities sees 10 per cent upside
HDFC Securities has issued an ADD rating for this stock and has maintained a price target of Rs 3,000. This reflects an upside potential of 9.75 per cent from the current price level.
The company is expected to maintain strong growth in the coming years, supported by a healthy pipeline of submarines, frigates, and destroyers. The revised estimate for six next-generation submarines at Rs 990 billion (earlier Rs 770 billion) has raised FY27E and FY28E forecasts, with revenue expected from FY28.
MDL’s 51 per cent stake in Colombo Dockyard strengthens its MRO capabilities, diversifying revenue streams and improving visibility, it said.
Nirmal Bang maintains BUY on shipping stock
The brokerage sees an upside potential of 15.5 per cent for the stock, with a price target of Rs 3,158. Nirmal Bang has maintained a BUY rating for the stock.
Mazagon Dock Shipbuilders (MDL) reported steady execution, although EBITDA growth was aided by a Rs 200 crore provision reversal and a low base effect from Rs 480 crore provisions in Q4 FY25, it said.
EBITDA margin improved to 14.1 per cent, from 3 per cent year-on-year, but remained below recent levels due to higher subcontracting costs and execution of lower-margin projects such as ONGC orders, hybrid vehicles, and Coast Guard vessels, the brokerage noted.
The P75 submarine programme (around Rs 90,000 crore) may be awarded soon, with revenue likely from FY28.
Mazagon Dock Share Price
The share price of the shipping company ended 1 per cent higher, or Rs 26.75 higher, at Rs 2,760 in the previous session.
Mazagon Dock Q4 Result
Mazagon Dock Shipbuilders reported strong March quarter earnings, with net profit rising nearly 42 per cent year-on-year, supported by higher execution across shipbuilding and submarine programmes. The state-run defence shipbuilder posted a standalone net profit of Rs 464 crore for the quarter ended March 2026, compared with Rs 327 crore in the same period last year.
The company’s board has recommended a final dividend of Rs 4.62 per share for the financial year ended March 2026.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
