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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Mazagon Dock Shipbuilders Limited is an India-based shipbuilding yard company, which is principally engaged in the building and repairing of ships, submarines, various types of vessels, and related engineering products for its customers. It is also engaged in the production…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, fairly priced — but flagged on governance.
MAZAGON DOCK SHIPBUIL LTD is scored on the general / industrial framework. It keeps a healthy 17.1% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -1.10×) — worth a closer look. Free cash flow is worth about -2.0% of its market value.
Over the last 3 years revenue compounded at 19%/yr and profit at 32%/yr. Book value itself has compounded 28%/yr — the hallmark of a genuine compounder. Return on equity is an elite 23.4%. In the latest quarter profit fell 42% versus the prior quarter.
At 29× earnings, the stock sits at the 55th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~15%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹0.22 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 30.28 | 21.77 | worse |
| P/B | 7.1 | 4.92 | worse |
| EV/EBITDA | 20.02 | 12.77 | worse |
| ROE | 23.45 | 27.38 | worse |
| ROCE | 26.84 | 29.59 | worse |
| ROA | 9.07 | 4.15 | better |
| Quick Ratio | 1.24 | 0.74 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| HAL | 35.7 | 8.1 | 22.2% |
| BEL | 45.1 | 11.0 | 24.4% |
| Solar Industries (india) | 72.0 | 21.9 | 29.5% |
Revenue has grown every year across all 4 financial years shown. 18% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (32% vs 18%) — margin expansion is at work.
Operating margin has expanded from 16% to 23% — the business is keeping more of each rupee earned.
ROE at 24% — the business earns well above its cost of equity.
Profit grew faster than EPS (32% vs 5%) — share dilution is eroding per-share value. 5% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 17% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (35% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate fading — recent quarters 26% below earlier ones.
Profit fell 42% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (22% → 11%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 81.2% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.