Mazagon Dock Shipbuilders (NSE:MAZDOCK) EBIT: ₹34,387 Mil (TTM As of Mar. 2026)


NSE:MAZDOCK Mazagon Dock Shipbuilders Ltd NSE:MAZDOCK
92 GF Score
Price ₹2,472.50
GF Value ₹2,810.83
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Mazagon Dock Shipbuilders EBIT?

Mazagon Dock Shipbuilders NSE:MAZDOCK -0.82% 92 EBIT is ₹34,387 Mil as of Mar. 2026. GuruFocus rates NSE:MAZDOCK with a GF Score™ of 92/100 and a GF Value™ of ₹2,810.83 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Mazagon Dock Shipbuilders's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹8,034 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹34,387 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mazagon Dock Shipbuilders's annualized ROC % for the quarter that ended in Mar. 2026 was 10.03%. Mazagon Dock Shipbuilders's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 140.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mazagon Dock Shipbuilders's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.96%.


Mazagon Dock Shipbuilders  (NSE:MAZDOCK) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mazagon Dock Shipbuilders's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=20800.4 * ( 1 - 20.24% )/( (0 + 165456.2)/ 1 )
=16590.39904/165456.2
=10.03 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=274577.5 - 45126.2 - ( 135088.9 - max(0, 158555.3 - 222550.4+135088.9))
=165456.2

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Mazagon Dock Shipbuilders's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=32135.6/( ( (0 + max(0, 0)) + (22938.3 + max(-70559.1, 0)) )/ 1 )
=32135.6/( ( 0 + 22938.3 )/ 1 )
=32135.6/22938.3
=140.10 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26056.9 + 26168.9 + 32074.5) - (45126.2 + 0 + 109733.2)
=-70559.1

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Mazagon Dock Shipbuilders's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=34386.7/869255.009
=3.96 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mazagon Dock Shipbuilders EBIT Related Terms


Mazagon Dock Shipbuilders EBIT Historical Data

* Premium members only.

The historical data trend for Mazagon Dock Shipbuilders's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mazagon Dock Shipbuilders EBIT Chart

Mazagon Dock Shipbuilders Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,628.10 14,117.00 24,336.70 30,857.30 33,083.60

Mazagon Dock Shipbuilders Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,775.30 5,679.40 9,417.60 11,255.80 8,033.90

NSE:MAZDOCK vs SPCX, GE, RTX: EBIT Comparison

For the Aerospace & Defense subindustry, Mazagon Dock Shipbuilders's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mazagon Dock Shipbuilders EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Mazagon Dock Shipbuilders's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mazagon Dock Shipbuilders's EV-to-EBIT falls into.


NSE:MAZDOCK
92GF Score
Mazagon Dock Shipbuilders Ltd NSE:MAZDOCK
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Mazagon Dock Shipbuilders EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹34,387 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹34,387 Mil mean?
Mazagon Dock Shipbuilders (NSE:MAZDOCK) has a EBIT of ₹34,387 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mazagon Dock Shipbuilders.
Is Mazagon Dock Shipbuilders' EBIT too high?
Mazagon Dock Shipbuilders' current EBIT is ₹34,387 Mil. Overall, Mazagon Dock Shipbuilders has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazagon Dock Shipbuilders' EBIT compare to SPCX and GE?
Mazagon Dock Shipbuilders' EBIT of ₹34,387 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mazagon Dock Shipbuilders. Mazagon Dock Shipbuilders's current EBIT is ₹34,387 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazagon Dock Shipbuilders stock overvalued right now?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders (NSE:MAZDOCK) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,810.83, compared to a current price of ₹2,472.50 — trading 12% below its estimated fair value. The current EBIT is ₹34,387 Mil. Mazagon Dock Shipbuilders' overall GF Score™ is 92/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Mazagon Dock Shipbuilders (NSE:MAZDOCK), the current EBIT is ₹34,387 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mazagon Dock Shipbuilders (NSE:MAZDOCK) Overvalued in 2026?

Based on GuruFocus' analysis, Mazagon Dock Shipbuilders stock appears to be undervalued. The current stock price of ₹2,472.50 is trading 12% below its estimated GF Value™ of ₹2,810.83. GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.

Key valuation signals for NSE:MAZDOCK:

  • EBIT: ₹34,387 Mil
  • GF Value™: ₹2,810.83 vs. price of ₹2,472.50 (12% below fair value)
  • GF Score™: 92/100 with 2 warning signs

No single metric tells the full story. See the NSE:MAZDOCK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mazagon Dock Shipbuilders Business Description

Other Exchanges 543237:India
Address Dockyard Road, Mazagon, Mumbai, MH, IND, 400010
Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The company is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, ferries, tugs, dredgers, barges, submarines, merchant ships, etc., with facilities situated in Mumbai and Nhava. It also offers ship designing, ship repairs and refit, tug support, and other related services. The company is organized into two segments: Shipbuilding and Submarine (New Construction and Repairs) and others.
92GF Score

Get the complete analysis for NSE:MAZDOCK

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,472.50
Price
₹2,810.83
GF Value