Mazagon Dock ShipbuildersNSE:MAZDOCK -0.45%92 Interest Coverage is 51.95 as of Mar. 2026, which is 114% above its 10-year median of 24.26. GuruFocus rates NSE:MAZDOCK with a GF Score™ of 92/100 and a GF Value™ of ₹2,818.07 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 240 Aerospace & Defense companies, Mazagon Dock Shipbuilders ranks better than 88.75% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Mazagon Dock Shipbuilders's
Operating Income
for the
three
months ended in Mar. 2026 was ₹5,200 Mil. Mazagon Dock Shipbuilders's Interest Expense for the
three
months ended in Mar. 2026 was ₹-100 Mil.
Mazagon Dock Shipbuilders's interest coverage for the quarter that ended in Mar. 2026 was 51.95.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Mazagon Dock Shipbuilders Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Mazagon Dock Shipbuilders's Interest Coverage or its related term are showing as below:
NSE:MAZDOCK'
s Interest Coverage Range Over the Past 10 Years
Min: 6.29 Med: 24.26 Max: 151.36
Current: 93.83
NSE:MAZDOCK's Interest Coverage is ranked better than 88.75% of 240
companies
in the Aerospace & Defense industry
Industry Median: 8.545
vs NSE:MAZDOCK: 93.83
Mazagon Dock Shipbuilders (NSE:MAZDOCK) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Mazagon Dock Shipbuilders Interest Coverage Related Terms
Mazagon Dock Shipbuilders Interest Coverage Historical Data
* 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
NSE:MAZDOCK vs SPCX, GE, RTX: Interest Coverage Comparison
For the Aerospace & Defense subindustry, Mazagon Dock Shipbuilders's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Mazagon Dock Shipbuilders's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Mazagon Dock Shipbuilders's Interest Coverage falls into.
Mazagon Dock Shipbuilders Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (NSE:MAZDOCK) has a Interest Coverage of 51.95 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mazagon Dock Shipbuilders and its competitors. This is 114% above median its historical median of 24.26. Over the past decade, Mazagon Dock Shipbuilders' Interest Coverage has ranged from 6.29 to 151.36. According to the industry distribution chart, Mazagon Dock Shipbuilders ranks #27 out of 240 companies in the Aerospace & Defense industry, placing it in the top 11.2%.
Is Mazagon Dock Shipbuilders' Interest Coverage too high?
Mazagon Dock Shipbuilders' current Interest Coverage of 51.95 is 114% above median its 10-year median of 24.26. Over the past 10 years, this metric has ranged from a low of 6.29 to a high of 151.36. The Aerospace & Defense industry median Interest Coverage is 8.55. Mazagon Dock Shipbuilders' value of 51.95 is 508% above this industry median. Based on the distribution chart, Mazagon Dock Shipbuilders ranks #27 out of 240 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. 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' Interest Coverage compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Mazagon Dock Shipbuilders ranks #27 out of 240 companies for Interest Coverage. This places Mazagon Dock Shipbuilders in the top 11% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 8.55. Mazagon Dock Shipbuilders' value of 51.95 is 508% above this benchmark. Historically, Mazagon Dock Shipbuilders' own Interest Coverage has ranged from 6.29 to 151.36 over the past decade. While the company's 10-year median is 24.26 vs. the industry median of 8.55, Mazagon Dock Shipbuilders has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Aerospace & Defense company?
The median Interest Coverage among Aerospace & Defense companies is 8.55, based on 240 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mazagon Dock Shipbuilders's current Interest Coverage of 51.95 is 508% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Mazagon Dock Shipbuilders and its competitors. For the Aerospace & Defense industry, the median Interest Coverage is 8.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazagon Dock Shipbuilders's current Interest Coverage is 51.95, which is 114% above median its own 10-year median of 24.26. 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 ₹2,818.07, compared to a current price of ₹2,543.60 — trading 9.7% below its estimated fair value. The current Interest Coverage is 51.95, which is 114% above median its 10-year median of 24.26 and 508% above the Aerospace & Defense industry median of 8.55. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Mazagon Dock Shipbuilders (NSE:MAZDOCK), the current Interest Coverage is 51.95 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 ₹2,543.60 is trading 9.7% below its estimated GF Value™ of ₹2,818.07.
GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.
Key valuation signals for NSE:MAZDOCK:
Interest Coverage: 51.95 (114% above median its 10-year median of 24.26)
GF Value™: ₹2,818.07 vs. price of ₹2,543.60 (9.7% below fair value)
Industry Position: 508% above the Aerospace & Defense median (#27 of 240)
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 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
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