Mazagon Dock Shipbuilders Limited vs Swan Defence and Heavy Industries Limited
An objective side-by-side of MAZDOCK and SWANDEF, 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 · SWANDEF Jun 2026
At a glance
- Mazagon Dock Shipbuilders Limited is the larger company by market value, about 5.5 times the size of Swan Defence and Heavy Industries Limited.
- Mazagon Dock Shipbuilders Limited earns the higher return on equity (29.3% against -35.5%).
- Over three years Mazagon Dock Shipbuilders Limited has grown profits faster (32% a year against 23%).
| Metric | Mazagon Dock MAZDOCK |
Swan Defence SWANDEF |
|---|---|---|
| Size and price | ||
| Market cap | ₹85,517 Cr | ₹15,637 Cr |
| Share price | ₹2,120.00 | ₹2,968.20 |
| Valuation | ||
| P/E | 29.97 | — |
| P/B | 8.77 | 23.44 |
| EV/EBITDA | 33.43 | -56.31 |
| PEG | 0.94 | — |
| Dividend yield | 0.8% | 0.0% |
| Profitability | ||
| ROE | 29.3% | -35.5% |
| ROCE | 36.0% | -8.0% |
| Operating margin | 19.3% | -95.7% |
| Sales (TTM) | ₹13,323 Cr | ₹312 Cr |
| Net profit (TTM) | ₹2,854 Cr | ₹-237 Cr |
| Growth | ||
| Latest quarter sales YoY | +12.1% | — |
| Latest quarter profit YoY | +21.7% | -34.5% |
| Sales CAGR 3Y | +18.0% | +347.0% |
| Profit CAGR 3Y | +32.0% | +23.0% |
| Sales CAGR 5Y | +26.0% | +114.0% |
| Profit CAGR 5Y | +34.0% | +14.0% |
| Financial strength | ||
| Debt/Equity | 0.05 | 1.80 |
| Interest cover | 93.87 | -31.37 |
| Ownership | ||
| Promoter holding | 81.2% | 89.9% |
| Promoter change (4 qtrs) | +0.00 pp | -5.01 pp |
| Price performance | ||
| Return 1M | -11.04% | +11.47% |
| Return 3M | -10.17% | +34.45% |
| Return 1Y | -26.33% | — |
| Return YTD | -14.87% | +113.82% |
| Technical condition | ||
| Technical score | 20 | 83 |
| RS rating (1-99) | 32.00 | 99.00 |
| % vs 200-DMA | -12.39% | +54.81% |
| RSI (14) | 42.40 | 73.76 |
| % from 52-week high | -27.64% | -1.72% |
