Mazagon Dock Shipbuilders (NSE:MAZDOCK) ROCE %: 27.70% (As of Mar. 2026)

What is Mazagon Dock Shipbuilders ROCE %?

Mazagon Dock Shipbuilders NSE:MAZDOCK -1.04% 92 ROCE % is 27.70% 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Mazagon Dock Shipbuilders's annualized ROCE % for the quarter that ended in Mar. 2026 was 27.70%.

Mazagon Dock Shipbuilders (NSE:MAZDOCK) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Mazagon Dock Shipbuilders ROCE % Related Terms

Mazagon Dock Shipbuilders ROCE % Historical Data

* Premium members only.

The historical data trend for Mazagon Dock Shipbuilders's ROCE % 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 ROCE % Chart

Mazagon Dock Shipbuilders Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

Get a 7-Day Free Trial

17.07

28.49

40.05

39.27

32.30

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
ROCE %	Get a 7-Day Free Trial															17.00	25.57	36.45	43.56	27.70

92GF Score

Mazagon Dock Shipbuilders Ltd NSE:MAZDOCK

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Mazagon Dock Shipbuilders ROCE % Calculation

Mazagon Dock Shipbuilders's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	33083.6	/	( ( (287077.2 - 198230.3)	+	(274577.5 - 158555.3) )	/ 2 )
	=	33083.6	/	( (88846.9	+	116022.2)	/ 2 )
	=	33083.6	/	102434.55
	=	32.30 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	32135.6	/	( ( (0 - 0)	+	(274577.5 - 158555.3) )	/ 1 )
	=	32135.6	/	( ( 0	+	116022.2 )	/ 1 )
	=	32135.6	/	116022.2
	=	27.70 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 27.70% mean?

Mazagon Dock Shipbuilders (NSE:MAZDOCK) has a ROCE % of 27.70% as of Mar. 2026.

Is Mazagon Dock Shipbuilders' ROCE % too high?

Mazagon Dock Shipbuilders' current ROCE % is 27.70%. The Aerospace & Defense industry median ROCE % is 6.29. Mazagon Dock Shipbuilders' value of 27.70% is 340.4% above this industry median. 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' ROCE % compare to SPCX and GE?

Mazagon Dock Shipbuilders' ROCE % of 27.70% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.29. Mazagon Dock Shipbuilders' value of 27.70% is 340.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Aerospace & Defense company?

The median ROCE % among Aerospace & Defense companies is 6.29, based on 350 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mazagon Dock Shipbuilders's current ROCE % of 27.70% is 340.4% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median ROCE % is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazagon Dock Shipbuilders's current ROCE % is 27.70%. 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 ₹2,446.80 — trading 13% below its estimated fair value. The current ROCE % is 27.70% and 340.4% above the Aerospace & Defense industry median of 6.29. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Mazagon Dock Shipbuilders (NSE:MAZDOCK), the current ROCE % is 27.70% 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 ₹2,446.80 is trading 13% below its estimated GF Value™ of ₹2,810.83. GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.

Key valuation signals for NSE:MAZDOCK:

ROCE %: 27.70%
GF Value™: ₹2,810.83 vs. price of ₹2,446.80 (13% below fair value)
GF Score™: 92/100 with 2 warning signs
Industry Position: 340.4% above the Aerospace & Defense median

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

Industry Industrials Aerospace & Defense

Comparable Companies BOM:541143 BOM:540678 BOM:542011 BOM:543428 BOM:533339 NSE:AEQUS BOM:540879 NSE:SWANDEF BOM:532408 BOM:543367 SPCX GE RTX XPAR:AIR BA XPAR:SAF LSE:RR.LMT HWM GD

Other Exchanges 543237:India

Address Dockyard Road, Mazagon, Mumbai, MH, IND, 400010

Website https://www.mazagondock.in

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

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

₹2,446.80

Price

₹2,810.83

GF Value

View NSE:MAZDOCK Analysis

See ROCE % data for all stocks →