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MAZDOCK FY26 Revenue Rises to ₹12,840 Cr; Order Book Stands at ₹20,535 Cr
Mazagon Dock Shipbuilders (MDL) reported a strong performance for FY 2025-26, with revenue from operations growing to ₹12,839.64 crore compared to ₹11,431.88 crore in the previous fiscal. The company maintained its zero-debt status and achieved a Profit After Tax (PAT) of ₹2,435.77 crore. A major strategic milestone was the acquisition of a 51% stake in Colombo Dockyard PLC for ₹236.95 crore, marking its first major international expansion. The total order book remains healthy at ₹20,535 crore, providing clear revenue visibility for the coming years.
Key Highlights
Revenue from operations increased by 12.3% YoY to ₹12,839.64 crore in FY26.
Total order book stands at ₹20,535 crore as of March 31, 2026, with major contributions from P17A Stealth Frigates.
Acquired 51% controlling stake in Colombo Dockyard PLC for approximately ₹236.95 crore.
Total dividend declared for FY25-26 reached ₹18.12 per share, up from ₹17.31 in FY24-25.
Maintained zero-debt status with a net worth increasing to ₹8,843.16 crore.
💼 Action for Investors
Investors should focus on the company's robust order book and its strategic expansion into international shipyards which diversifies its revenue base. The consistent dividend payout and zero-debt balance sheet reinforce its position as a strong long-term holding in the defense sector.
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Mazagon Dock Recommends Final Dividend of Rs 4.62 per Share for FY 2025-26
Mazagon Dock Shipbuilders Limited has announced a final dividend of Rs 4.62 per equity share for the financial year ended March 31, 2026. This recommendation was made during the Board of Directors meeting held on April 30, 2026. The dividend is calculated on a face value of Rs 5 per share. The final payout is subject to shareholder approval at the upcoming Annual General Meeting, the date for which will be announced later.
Key Highlights
Recommended a final dividend of Rs 4.62 per equity share
Dividend declared for the financial year ended March 31, 2026
Face value of the equity shares is Rs 5 each
Board meeting concluded at 18:30 hrs IST on April 30, 2026
💼 Action for Investors
Investors should watch for the announcement of the record date and AGM to ensure eligibility for the dividend payout. This dividend reflects the company's commitment to returning value to shareholders from its FY26 earnings.
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Mazagon Dock Commissions INS Taragiri; Achieves 14% Reduction in Build Period
Mazagon Dock Shipbuilders (MDL) has officially commissioned INS Taragiri, the third stealth frigate under Project 17A, into the Indian Navy. The company demonstrated significant operational improvement by reducing the build period by 14% compared to the first-of-class vessel. The project highlights MDL's execution efficiency, with sea trials completed within just three months of basin trials. With 75% indigenous content, this delivery strengthens MDL's position as a primary beneficiary of the 'Aatmanirbhar Bharat' initiative in defense manufacturing.
Key Highlights
Successfully commissioned INS Taragiri, a 6400-ton stealth frigate with a speed exceeding 28 knots.
Achieved a 14% reduction in the construction timeline compared to the previous vessels in the Project 17A series.
Completed Sea and Final Machinery Trials within a record 3-month window from Basin Trials.
Reached 75% indigenization, involving a wide network of MSMEs and indigenous weapon systems like Brahmos.
First vessel in the P17A class to complete successful Brahmos test firing prior to commissioning.
💼 Action for Investors
Investors should take confidence in MDL's improving execution speed and efficiency, which bodes well for margin expansion on future contracts. The stock remains a strong play on India's indigenous defense manufacturing and naval modernization.
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MAZDOCK Completes Acquisition of 51% Controlling Stake in Colombo Dockyard PLC
Mazagon Dock Shipbuilders Limited (MAZDOCK) has successfully concluded the acquisition of a 51% controlling stake in Colombo Dockyard PLC (CDPLC), a major shipbuilder in Sri Lanka. The company acquired an additional 3,66,49,271 fully paid ordinary shares through a mandatory offer process. This acquisition was part of a Tripartite Agreement involving Onomichi Dockyard Co. Ltd. and marks a significant international expansion for the Indian defense PSU.
Key Highlights
Acquisition of 3,66,49,271 additional shares in Colombo Dockyard PLC (CDPLC)
Total shareholding in CDPLC reached 51% as of March 27, 2026
Acquisition completed via a Mandatory Offer under Sri Lankan Takeover and Merger Code
Strategic expansion into the international ship repair and shipbuilding market
Executed as part of a Tripartite Agreement with Onomichi Dockyard Co. Ltd.
💼 Action for Investors
Investors should view this as a positive strategic expansion that diversifies MAZDOCK's revenue streams and geographic footprint. Monitor the impact of this consolidation on the company's future order book and margin profile.
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Mazagon Dock Secures USD 39 Million Contract from SCI for Dual Fuel Vessel
Mazagon Dock Shipbuilders (MDL) has entered into a significant contract with Shipping Corporation of India (SCI) for the construction of a 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV). The contract is valued at approximately USD 39 million, reflecting MDL's expanding footprint in specialized and sustainable marine technology. This deal is part of the company's ordinary business but is deemed material due to its strategic value and size. The vessel will be delivered according to a mutually agreed schedule, further strengthening MDL's robust order book.
Key Highlights
Contract value is approximately USD 39 million (approx. ₹325 crore)
Vessel type: 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV)
Client: Shipping Corporation of India Limited (SCI)
Focus on green shipping technology with Methanol Dual Fuel propulsion
💼 Action for Investors
Investors should view this as a positive development that reinforces MDL's technical expertise in high-value, sustainable vessel construction. Continue to hold as the company builds its non-defense order book and leverages green energy trends.
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Mazagon Dock Q3 FY26 PAT Grows 9% to ₹880 Cr; Order Book Robust at ₹23,758 Cr
Mazagon Dock Shipbuilders reported a steady Q3 FY26 with revenue from operations growing 14.5% YoY to ₹3,601 crore. Consolidated Profit After Tax (PAT) increased by 9% YoY to ₹880 crore, supported by strong execution in the shipbuilding segment including the delivery of the third P17A Frigate. The company maintains a robust order book of ₹23,758 crore, providing clear revenue visibility. Mazagon Dock remains debt-free and has declared a total dividend of ₹13.50 per share for FY 2025-26 so far.
Key Highlights
Revenue from operations increased 14.5% YoY to ₹3,601 crore in Q3 FY26
Consolidated PAT for the quarter rose to ₹880 crore compared to ₹807 crore in Q3 FY25
Total order book as of December 31, 2025, stands at ₹23,758 crore
Successfully delivered the 3rd P17A Stealth Frigate 'Taragiri' to the Indian Navy in Nov 2025
Maintained a healthy operating margin of 24% for the quarter with zero debt status
💼 Action for Investors
Investors should monitor the execution of the remaining ₹9,911 crore P17A Frigate order and potential new submarine contracts. The company's Navratna status and strong cash position support its long-term growth trajectory in the defense indigenization space.
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MAZDOCK Declares 2nd Interim Dividend of ₹7.50 Per Share; Sets Record Date for Feb 13
Mazagon Dock Shipbuilders has declared a second interim dividend of ₹7.50 per equity share for the financial year 2025-26. The company has fixed February 13, 2026, as the record date to determine shareholder eligibility for this payout. The dividend payment is scheduled to be completed on or before March 07, 2026. Additionally, the company has provided detailed instructions regarding Tax Deduction at Source (TDS), emphasizing the need for PAN-Aadhaar linking to avoid higher tax rates.
Key Highlights
Second interim dividend declared at ₹7.50 per equity share of face value ₹5.00 each.
Record date for determining dividend eligibility is fixed as Friday, February 13, 2026.
Dividend payment to be processed and completed by March 07, 2026.
Standard TDS of 10% applicable for resident shareholders with valid PAN for dividends above ₹10,000.
A higher TDS rate of 20% will apply if PAN is not linked with Aadhaar or is unavailable.
💼 Action for Investors
Investors should ensure their PAN and Aadhaar are linked and bank details are updated with their Depository Participant by February 13 to receive the dividend with minimum tax deduction. This consistent dividend payout reflects the company's healthy cash flow and commitment to shareholder returns.
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Mazagon Dock Q3 FY26 PAT Rises 9% to ₹880 Cr; Order Book Strong at ₹23,758 Cr
Mazagon Dock Shipbuilders (MDL) reported a steady performance for Q3 FY26, with revenue from operations increasing to ₹3,601 crore from ₹3,144 crore in the previous year. Profit After Tax (PAT) grew by 9% year-on-year to ₹880 crore, while maintaining a healthy operating margin of 24%. The company's order book remains robust at ₹23,758 crore, providing strong revenue visibility through major projects like the P17A Stealth Frigates. Additionally, the board declared a second interim dividend of ₹7.5 per share for FY 2025-26.
Key Highlights
Revenue from operations grew 14.5% YoY to ₹3,601 crore in Q3 FY26.
Net Profit (PAT) increased to ₹880 crore compared to ₹807 crore in the same period last year.
Total order book stands at ₹23,758 crore as of December 31, 2025, with major contributions from Stealth Frigates.
Declared a second interim dividend of ₹7.5 per equity share for the financial year 2025-26.
Successfully delivered the third Stealth Frigate of P17A Class, 'Taragiri', to the Indian Navy on November 28, 2025.
💼 Action for Investors
Investors should focus on the company's strong execution capabilities and its zero-debt status. The healthy order book and consistent dividend payouts make it a solid long-term play in the Indian defense and shipbuilding sector.
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Mazagon Dock Declares Rs 7.5 Interim Dividend; Sets Feb 13 as Record Date
Mazagon Dock Shipbuilders Limited (MAZDOCK) has announced a second interim dividend of Rs. 7.5 per equity share for the financial year 2025-26. The dividend is declared on shares with a face value of Rs. 5 each, representing a 150% payout on the face value. The company has fixed February 13, 2026, as the record date to identify eligible shareholders. The total dividend payment process is expected to be completed by March 07, 2026.
Key Highlights
Second interim dividend of Rs. 7.5 per equity share approved for FY 2025-26.
Record date for determining shareholder eligibility is February 13, 2026.
Dividend payment to be finalized on or before March 07, 2026.
The payout is based on a face value of Rs. 5 per equity share.
💼 Action for Investors
Investors interested in the dividend must ensure they own the shares before the ex-dividend date, typically one business day prior to the February 13 record date. This payout highlights the company's consistent track record of sharing profits with shareholders.
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Mazagon Dock Declares ₹7.5 Interim Dividend; Q3 Net Profit Rises 9% YoY to ₹880 Crore
Mazagon Dock Shipbuilders has declared a second interim dividend of ₹7.5 per share for FY 2025-26, setting February 13, 2026, as the record date. The company reported a steady Q3 FY26 performance with consolidated revenue rising 14.5% YoY to ₹3,601.1 crore. Net profit for the quarter grew 9% YoY to ₹879.8 crore, while showing a strong sequential (QoQ) growth of 17.4% from the previous quarter. The company continues to maintain healthy margins with an EPS of ₹21.81 for the quarter.
Key Highlights
Declared 2nd interim dividend of ₹7.5 per equity share with a record date of February 13, 2026.
Consolidated Revenue from operations increased 14.5% YoY to ₹3,601.1 crore in Q3 FY26.
Net Profit (PAT) rose 9% YoY to ₹879.8 crore compared to ₹807 crore in the same quarter last year.
Strong sequential growth recorded with Revenue up 23% and PAT up 17.4% compared to Q2 FY26.
Total income for the nine-month period ended December 31, 2025, reached ₹10,011.9 crore.
💼 Action for Investors
Investors should track the record date of February 13 for dividend eligibility and monitor the company's execution pace as reflected in the strong sequential revenue growth.
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Mazagon Dock Q3 Results: Net Profit Rises 9% YoY to ₹880 Cr; Declares ₹7.50 Dividend
Mazagon Dock Shipbuilders reported a strong performance for Q3 FY26, with consolidated revenue growing 14.5% YoY to ₹3,601.09 crore. Net profit for the quarter stood at ₹879.78 crore, reflecting a 9% growth compared to the same period last year. The company also announced a second interim dividend of ₹7.50 per share, with a record date of February 13, 2026. Operational performance remained robust with nine-month total income crossing the ₹10,000 crore milestone.
Key Highlights
Consolidated Revenue from operations increased 14.5% YoY to ₹3,601.09 crore from ₹3,143.62 crore.
Net Profit grew 9% YoY to ₹879.78 crore, with EPS rising to ₹21.81 from ₹20.01.
Declared a second interim dividend of ₹7.50 per equity share (150% of face value) for FY 2025-26.
Nine-month total income reached ₹10,011.94 crore, up from ₹9,082.25 crore in the previous year.
Profit before tax (PBT) for the quarter stood at ₹1,119.63 crore, showing strong operational margins.
💼 Action for Investors
Investors should find the steady growth and consistent dividend payouts encouraging, reflecting strong execution of the naval order book. The stock remains a key play in India's defense indigenization theme, though monitoring material cost escalations is advised.
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MAZDOCK Acquires 41.73% Stake in Colombo Dockyard PLC; Initiates Mandatory Offer
Mazagon Dock Shipbuilders Limited (MAZDOCK) has successfully concluded the acquisition of a 41.73% stake in Colombo Dockyard PLC (CDPLC), Sri Lanka. The company acquired 16,49,16,229 shares through the allotment of unsubscribed rights shares as part of a Tripartite Agreement with Onomichi Dockyard. Following this acquisition, MAZDOCK is now proceeding with a Mandatory Offer to acquire additional shares from CDPLC's existing shareholders under Sri Lankan takeover codes. This strategic move marks a significant international expansion for the Indian defense shipbuilder into the regional maritime market.
Key Highlights
Acquired 16,49,16,229 fully paid ordinary shares of Colombo Dockyard PLC (CDPLC).
The acquisition represents a 41.73% ownership stake in the Sri Lankan shipbuilding and repair firm.
Shares were acquired via unsubscribed rights shares previously belonging to Onomichi Dockyard Co. Ltd.
MAZDOCK is initiating a Mandatory Offer to further increase its stake from existing shareholders.
The move follows a Tripartite Agreement aimed at strengthening regional shipbuilding capabilities.
💼 Action for Investors
This acquisition is a positive step toward geographical diversification and capacity expansion. Investors should monitor the final stake percentage achieved after the mandatory offer and the subsequent integration of CDPLC's financials.
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MAZDOCK Clarifies Ongoing Negotiations for $8 Billion P75(I) Submarine Project
Mazagon Dock Shipbuilders Limited (MAZDOCK) has responded to exchange queries regarding media reports of a potential $8 billion submarine manufacturing deal between India and Germany. The company confirmed that negotiations with the Indian Navy and Ministry of Defence for Project P75(I) are currently ongoing and were previously disclosed in late 2025. While the deal size is significant at approximately $8 billion, the company clarified that no new material developments have occurred since their previous disclosures. This confirmation reinforces MAZDOCK's position as a primary contender for one of India's largest defense contracts.
Key Highlights
Clarification provided on the $8 billion (approx. ₹66,000+ crore) P75(I) submarine manufacturing project.
Negotiations with the Indian Navy and Ministry of Defence (MoD) are confirmed to be currently in progress.
The company referenced previous disclosures made on August 25, 2025, and September 10, 2025, regarding these negotiations.
MAZDOCK stated there is no undisclosed material information that could explain recent trading movements.
The project involves high-tech submarine manufacturing, potentially in collaboration with German partners.
💼 Action for Investors
Investors should track the formal awarding of the P75(I) contract as it represents a massive addition to the order book. The stock remains a key play in India's indigenization of defense manufacturing, but entry should be timed around concrete contract milestones.
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Mazagon Dock Signs MOU with Brazilian and Indian Navies for Submarine Maintenance and R&D
Mazagon Dock Shipbuilders Limited (MAZDOCK) has entered into a strategic Memorandum of Understanding (MOU) with the Brazilian Navy and the Indian Navy as of December 9, 2025. The collaboration focuses on the exchange of technical information regarding the maintenance of Scorpène class submarines and other military vessels. This agreement is significant as it opens avenues for international procurement opportunities and joint research and development in defense technology. By leveraging its existing expertise in Scorpène class vessels, MAZDOCK is positioning itself for potential global service contracts and technological leadership.
Key Highlights
MOU signed on December 9, 2025, involving MAZDOCK, the Brazilian Navy, and the Indian Navy.
Focuses on maintenance information exchange for Scorpène class submarines and military ships.
Covers strategic cooperation in procurement opportunities and defense industry experience sharing.
Includes partnerships for research, development, and technological innovation in the naval sector.
💼 Action for Investors
Investors should view this as a positive strategic step that enhances MAZDOCK's international standing and potential for high-margin maintenance and repair contracts. Maintain a positive outlook while monitoring for specific order inflows resulting from this partnership.