Mazagon Dock Shipbuilders Limited (NSE:MAZDOCK)

Mazagon Dock Shipbuilders Stock Forecast

Stock Price Forecast

According to 10 analysts polled by S&P Global, Mazagon Dock Shipbuilders stock has a consensus rating of "Buy" and an average price target of ₹2,831. The average 1-year stock price forecast is 15.45% higher than the current stock price, while the lowest is ₹2,100 (-14.37%) and the highest is ₹3,380 (+37.83%).

Price Target: ₹2,831 (+15.45%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹2,100	₹2,831	₹2,885	₹3,380
Change	-14.37%	+15.45%	+17.64%	+37.83%

* Price targets were last updated on May 5, 2026.

Analyst Ratings

The average analyst rating for Mazagon Dock Shipbuilders stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	2	2	2	2	4	4
Buy	0	0	1	1	1	1
Hold	1	1	1	2	2	2
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	1
Total	5	5	6	7	9	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Atul Tiwari J.P. Morgan	J.P. Morgan	Sell Maintains ₹2,394	Sell	Maintains	₹2,394	-2.38%	May 5, 2026
Unknown Analyst ICICI Securities No rating	ICICI Securities	Buy Maintains ₹3,060	Buy	Maintains	₹3,060	+24.78%	Apr 14, 2026
Unknown Analyst Geojit Research No rating	Geojit Research	Hold Maintains ₹3,186 → ₹2,484	Hold	Maintains	₹3,186 → ₹2,484	+1.29%	Feb 25, 2026

Financial Forecast

Revenue This Year

146.18B

Increased by 12.39%

from 130.06B

Revenue Next Year

159.55B

Increased by 9.14%

from 146.18B

EPS This Year

72.64

Increased by 13.43%

from 64.04

EPS Next Year

81.48

Increased by 12.17%

from 72.64

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	57.33B	78.27B	94.67B	114.32B	130.06B	146.18B
Revenue Growth	41.64%	36.52%	20.95%	20.76%	13.77%	12.39%
Gross Profit	16.58B	22.04B	28.12B	43.77B	46.50B	72.36B
Gross Margin	28.92%	28.15%	29.71%	38.29%	35.75%	49.50%
Operating Income	3.77B	7.26B	13.33B	19.52B	21.69B	26.15B
Net Income	6.11B	11.19B	19.37B	24.14B	25.83B	29.31B
EPS	-	-	-	-	64.04	72.64
EPS Growth	-	-	-	-	7.04%	13.43%
Forward PE	7.23	12.23	22.81	35.62	28.58	33.76
Dividend / Share	4.37	7.98	13.73	17.31	18.12	19.78
Dividend Growth	-	82.82%	71.99%	26.08%	4.71%	9.15%
Free Cash Flow	36.62B	15.90B	1.74B	7.43B	-40.00B	2.30B
No. Analysts	-	-	-	-	-	10

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	157.7B
Avg	146.2B
Low	128.0B

Revenue Growth

Revenue Growth	2027	2028	2029
High	21.3%
Avg	12.4%
Low	-1.6%

EPS Forecast

EPS	2027	2028	2029
High	84.00
Avg	72.64
Low	59.90

EPS Growth

EPS Growth	2027	2028	2029
High	31.2%
Avg	13.4%
Low	-6.5%

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: May 5, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

Data Sources Report a data error