Mazagon Dock Shipbuilders Limited (MAZDOCK) - Net Assets
Based on the latest financial reports, Mazagon Dock Shipbuilders Limited (MAZDOCK) has net assets worth Rs89.10 Billion INR (≈ $963.61 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs259.52 Billion ≈ $2.81 Billion USD) and total liabilities (Rs170.42 Billion ≈ $1.84 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Mazagon Dock Shipbuilders Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs89.10 Billion |
| % of Total Assets | 34.33% |
| Annual Growth Rate | 13.09% |
| 5-Year Change | 131.33% |
| 10-Year Change | 201.39% |
| Growth Volatility | 12.64 |
Mazagon Dock Shipbuilders Limited - Net Assets Trend (2013–2025)
This chart illustrates how Mazagon Dock Shipbuilders Limited's net assets have evolved over time, based on quarterly financial data. Also explore MAZDOCK current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Mazagon Dock Shipbuilders Limited (2013–2025)
The table below shows the annual net assets of Mazagon Dock Shipbuilders Limited from 2013 to 2025. For live valuation and market cap data, see MAZDOCK market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs79.40 Billion ≈ $858.67 Million |
+27.17% |
| 2024-03-31 | Rs62.43 Billion ≈ $675.21 Million |
+31.16% |
| 2023-03-31 | Rs47.60 Billion ≈ $514.79 Million |
+23.39% |
| 2022-03-31 | Rs38.58 Billion ≈ $417.19 Million |
+12.39% |
| 2021-03-31 | Rs34.32 Billion ≈ $371.19 Million |
+11.83% |
| 2020-03-31 | Rs30.69 Billion ≈ $331.91 Million |
-4.50% |
| 2019-03-31 | Rs32.14 Billion ≈ $347.55 Million |
+13.40% |
| 2018-03-31 | Rs28.34 Billion ≈ $306.49 Million |
-5.22% |
| 2017-03-31 | Rs29.90 Billion ≈ $323.37 Million |
+13.50% |
| 2016-03-31 | Rs26.34 Billion ≈ $284.90 Million |
-4.30% |
| 2015-03-31 | Rs27.53 Billion ≈ $297.70 Million |
+31.51% |
| 2014-03-31 | Rs20.93 Billion ≈ $226.38 Million |
+15.38% |
| 2013-03-31 | Rs18.14 Billion ≈ $196.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Mazagon Dock Shipbuilders Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 258.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs53.53 Billion | 67.41% |
| Common Stock | Rs2.02 Billion | 2.54% |
| Other Comprehensive Income | Rs23.86 Billion | 30.05% |
| Total Equity | Rs79.40 Billion | 100.00% |
Mazagon Dock Shipbuilders Limited Competitors by Market Cap
The table below lists competitors of Mazagon Dock Shipbuilders Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Medpace Holdings Inc
NASDAQ:MEDP
|
$11.92 Billion |
|
JCET Group Co Ltd
SHG:600584
|
$11.93 Billion |
|
National Bank of Greece S.A
AT:ETE
|
$11.93 Billion |
|
James Hardie Industries PLC ADR
NYSE:JHX
|
$11.95 Billion |
|
Yunnan Chuangxin New Material Co Ltd
SHE:002812
|
$11.92 Billion |
|
Madrigal Pharmaceuticals Inc
NASDAQ:MDGL
|
$11.90 Billion |
|
Petronas Chemicals Group Bhd
KLSE:5183
|
$11.89 Billion |
|
Shannon Semiconductor Technology Co Ltd
SHE:300475
|
$11.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mazagon Dock Shipbuilders Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 62,434,700,000 to 79,398,800,000, a change of 16,964,100,000 (27.2%).
- Net income of 24,135,100,000 contributed positively to equity growth.
- Dividend payments of 7,119,700,000 reduced retained earnings.
- Other comprehensive income increased equity by 23,174,200,000.
- Other factors decreased equity by 23,225,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs24.14 Billion | +30.4% |
| Dividends Paid | Rs7.12 Billion | -8.97% |
| Other Comprehensive Income | Rs23.17 Billion | +29.19% |
| Other Changes | Rs-23.23 Billion | -29.25% |
| Total Change | Rs- | 27.17% |
Book Value vs Market Value Analysis
This analysis compares Mazagon Dock Shipbuilders Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 13.88x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 75.02x to 13.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs36.43 | Rs2733.20 | x |
| 2014-03-31 | Rs42.03 | Rs2733.20 | x |
| 2015-03-31 | Rs55.28 | Rs2733.20 | x |
| 2016-03-31 | Rs58.78 | Rs2733.20 | x |
| 2017-03-31 | Rs74.13 | Rs2733.20 | x |
| 2018-03-31 | Rs70.26 | Rs2733.20 | x |
| 2019-03-31 | Rs159.34 | Rs2733.20 | x |
| 2020-03-31 | Rs137.41 | Rs2733.20 | x |
| 2021-03-31 | Rs85.09 | Rs2733.20 | x |
| 2022-03-31 | Rs95.63 | Rs2733.20 | x |
| 2023-03-31 | Rs118.01 | Rs2733.20 | x |
| 2024-03-31 | Rs154.78 | Rs2733.20 | x |
| 2025-03-31 | Rs196.86 | Rs2733.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mazagon Dock Shipbuilders Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.11%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 3.62x
- Recent ROE (30.40%) is above the historical average (20.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 22.75% | 18.02% | 0.09x | 14.08x | Rs2.31 Billion |
| 2014 | 18.99% | 13.88% | 0.10x | 13.34x | Rs1.88 Billion |
| 2015 | 18.74% | 14.25% | 0.12x | 11.35x | Rs2.40 Billion |
| 2016 | 23.71% | 15.13% | 0.21x | 7.58x | Rs3.61 Billion |
| 2017 | 20.01% | 17.02% | 0.18x | 6.49x | Rs2.99 Billion |
| 2018 | 17.51% | 11.11% | 0.23x | 6.83x | Rs2.13 Billion |
| 2019 | 16.57% | 11.56% | 0.22x | 6.48x | Rs2.11 Billion |
| 2020 | 15.33% | 9.47% | 0.24x | 6.83x | Rs1.64 Billion |
| 2021 | 14.97% | 12.71% | 0.16x | 7.30x | Rs1.71 Billion |
| 2022 | 15.83% | 10.68% | 0.19x | 7.72x | Rs2.25 Billion |
| 2023 | 23.51% | 14.30% | 0.27x | 6.19x | Rs6.43 Billion |
| 2024 | 31.02% | 20.46% | 0.32x | 4.72x | Rs13.13 Billion |
| 2025 | 30.40% | 21.11% | 0.40x | 3.62x | Rs16.20 Billion |
Industry Comparison
This section compares Mazagon Dock Shipbuilders Limited's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $38,264,972,929
- Average return on equity (ROE) among peers: 22.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mazagon Dock Shipbuilders Limited (MAZDOCK) | Rs89.10 Billion | 22.75% | 1.91x | $11.92 Billion |
| Apollo Micro Systems Limited (APOLLO) | $460.20 Million | 21.73% | 3.41x | $1.08 Billion |
| Bharat Dynamics Limited (BDL) | $12.76 Billion | 27.08% | 5.46x | $5.41 Billion |
| Bharat Electronics Limited (BEL_old) | $138.79 Billion | 21.50% | 1.56x | $29.41 Billion |
| Cochin Shipyard Limited (COCHINSHIP) | $55.79 Billion | 14.83% | 1.40x | $4.93 Billion |
| Data Patterns (India) Limited (DATAPATTNS) | $1.53 Billion | 13.71% | 0.92x | $2.47 Billion |
| DCX Systems Limited (DCXINDIA) | $32.16 Million | 72.78% | 46.10x | $242.09 Million |
| Garden Reach Shipbuilders & Engineers Limited (GRSE) | $12.58 Billion | 15.07% | 5.07x | $3.63 Billion |
| Hindustan Aeronautics Limited (HAL) | $120.59 Billion | 17.19% | 3.08x | $31.38 Billion |
| Sigma Advanced Systems Limited (MEGASOFT) | $1.85 Billion | 2.50% | 0.55x | $3.08 Billion |
About Mazagon Dock Shipbuilders Limited
Mazagon Dock Shipbuilders Limited engages in the building and repairing of ships, submarines, vessels, and related engineering products in India and internationally. The company operates in two segments, Shipbuilding, and Submarine and Heavy Engineering. The company offers naval platforms, such as destroyers, conventional submarines, frigates, corvettes, missile boats, offshore patrol vessels, an… Read more