Mazagon Dock Shipbuilders (NSE:MAZDOCK) EV-to-FCF: (As of Jul. 18, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:MAZDOCK Mazagon Dock Shipbuilders Ltd NSE:MAZDOCK
93 GF Score
Price ₹2,342.80
GF Value ₹2,812.57
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Mazagon Dock Shipbuilders EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Mazagon Dock Shipbuilders's Enterprise Value is ₹816,775 Mil. Mazagon Dock Shipbuilders's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0 Mil. Therefore, Mazagon Dock Shipbuilders's EV-to-FCF for today is .

The historical rank and industry rank for Mazagon Dock Shipbuilders's EV-to-FCF or its related term are showing as below:

NSE:MAZDOCK' s EV-to-FCF Range Over the Past 10 Years
Min: -26.63   Med: 53.14   Max: 228.02
Current: -26.63

During the past 10 years, the highest EV-to-FCF of Mazagon Dock Shipbuilders was 228.02. The lowest was -26.63. And the median was 53.14.

NSE:MAZDOCK's EV-to-FCF is ranked worse than
100% of 182 companies
in the Aerospace & Defense industry
Industry Median: 33.92 vs NSE:MAZDOCK: -26.63

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-18), Mazagon Dock Shipbuilders's stock price is ₹2342.80. Mazagon Dock Shipbuilders's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹68.440. Therefore, Mazagon Dock Shipbuilders's PE Ratio (TTM) for today is 34.23.


Mazagon Dock Shipbuilders  (NSE:MAZDOCK) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Mazagon Dock Shipbuilders's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2342.80/68.440
=34.23

Mazagon Dock Shipbuilders's share price for today is ₹2342.80.
Mazagon Dock Shipbuilders's Earnings per Share (Diluted) 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 ₹68.440.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Mazagon Dock Shipbuilders EV-to-FCF Related Terms


Mazagon Dock Shipbuilders EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Mazagon Dock Shipbuilders's EV-to-FCF 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 EV-to-FCF Chart

Mazagon Dock Shipbuilders Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.95 0.07 34.64 69.76 -22.96

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
EV-to-FCF 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 69.76 0.00 0.00 0.00 -22.96

NSE:MAZDOCK vs SPCX, GE, RTX: EV-to-FCF Comparison

For the Aerospace & Defense subindustry, Mazagon Dock Shipbuilders's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Aerospace & Defense Industry

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

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


NSE:MAZDOCK
93GF Score
Mazagon Dock Shipbuilders Ltd NSE:MAZDOCK
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mazagon Dock Shipbuilders EV-to-FCF Calculation

Mazagon Dock Shipbuilders's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=816775.271/0
=

Mazagon Dock Shipbuilders's current Enterprise Value is ₹816,775 Mil.
Mazagon Dock Shipbuilders's Free Cash Flow 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 ₹0 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.

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 ₹2,342.80 is trading 16.7% below its estimated GF Value™ of ₹2,812.57. GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.

Key valuation signals for NSE:MAZDOCK:

  • EV-to-FCF:
  • GF Value™: ₹2,812.57 vs. price of ₹2,342.80 (16.7% below fair value)
  • GF Score™: 93/100 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.
93GF Score

Get the complete analysis for NSE:MAZDOCK

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

₹2,342.80
Price
₹2,812.57
GF Value