Mazagon Dock (MAZDOCK)

FairStock Score: 72/100 — STEADY

Score breakdown: P/E: 0/3 · ROCE: 2/2 · Growth: 1/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Mazagon Dock through Graham’s margin-of-safety lens and Buffett’s quality lens. The business quality is visible: ROE 30.31%, ROCE 43.19%, debt/equity just 0.04, Piotroski F-Score 8/9, and positive free cash flow of ₹779 Cr. Latest quarter sales of ₹3,601 Cr produced ₹880 Cr net profit, showing strong profitability. Five-year revenue CAGR of 18.44% and profit growth of 21.57% suggest it has compounded well, while promoter holding of 81.22% keeps promoter alignment high. FairStock Score of 72/100, labelled STEADY, fits a stalwart profile rather than a bargain. But the price is where I pause. At ₹2,580, with book value ₹241.83, P/B is 10.67 and P/E 38.76. Graham Number is ₹514.02, DCF intrinsic value ₹335.51, and margin of safety is -332.84%. I am not buying a rupee of value for 50 paise; I am paying many rupees for one rupee of calculated intrinsic value. Recent sales growth of 5.69% is also modest versus profit growth, so I want evidence that earnings are not merely peaking. Dividend yield is only 0.81%. EV/EBITDA at -735.22 is an outlier I cannot rely on, and Altman Z-Score of 2.79 is not a fortress by that metric alone. So: excellent financial health and high returns, but valuation already discounts much success. I would monitor execution, cash conversion, margin durability, and any pullback toward intrinsic-value estimates. For now, quality yes, price no.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer