Mazagon Dock Shipbuilders Limited vs Cochin Shipyard Limited
An objective side-by-side of MAZDOCK and COCHINSHIP, both in Ship Building & Allied Services: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-10-13 close
Latest results: MAZDOCK Jun 2026 · COCHINSHIP Jun 2026
At a glance
- Mazagon Dock Shipbuilders Limited is the larger company by market value, about 2.6 times the size of Cochin Shipyard Limited.
- On trailing earnings, Mazagon Dock Shipbuilders Limited trades at the lower P/E (30.0 against 48.9).
- Mazagon Dock Shipbuilders Limited earns the higher return on equity (29.3% against 11.6%).
- Over three years Cochin Shipyard Limited has grown profits faster (40% a year against 32%).
- Over the past year the share prices returned -26.3% (MAZDOCK) and -31.2% (COCHINSHIP).
| Metric | Mazagon Dock MAZDOCK |
Cochin Shipyard COCHINSHIP |
|---|---|---|
| Size and price | ||
| Market cap | ₹85,517 Cr | ₹33,280 Cr |
| Share price | ₹2,120.00 | ₹1,265.00 |
| Valuation | ||
| P/E | 29.97 | 48.94 |
| P/B | 8.77 | 5.67 |
| EV/EBITDA | 33.43 | 45.76 |
| PEG | 0.94 | 1.22 |
| Dividend yield | 0.8% | 0.8% |
| Profitability | ||
| ROE | 29.3% | 11.6% |
| ROCE | 36.0% | 16.0% |
| Operating margin | 19.3% | 15.1% |
| Sales (TTM) | ₹13,323 Cr | ₹5,047 Cr |
| Net profit (TTM) | ₹2,854 Cr | ₹680 Cr |
| Growth | ||
| Latest quarter sales YoY | +12.1% | +2.4% |
| Latest quarter profit YoY | +21.7% | -19.4% |
| Sales CAGR 3Y | +18.0% | +29.0% |
| Profit CAGR 3Y | +32.0% | +40.0% |
| Sales CAGR 5Y | +26.0% | +12.0% |
| Profit CAGR 5Y | +34.0% | +4.0% |
| Financial strength | ||
| Debt/Equity | 0.05 | 0.28 |
| Interest cover | 93.87 | 7.39 |
| Ownership | ||
| Promoter holding | 81.2% | 67.9% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -11.04% | -16.80% |
| Return 3M | -10.17% | -9.05% |
| Return 1Y | -26.33% | -31.24% |
| Return YTD | -14.87% | -21.92% |
| Technical condition | ||
| Technical score | 20 | 13 |
| RS rating (1-99) | 32.00 | 28.00 |
| % vs 200-DMA | -12.39% | -14.47% |
| RSI (14) | 42.40 | 38.62 |
| % from 52-week high | -27.64% | -32.14% |
