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Earnings Call

Mazagon Dock Shipbuilders Earnings Call: Key Takeaways

MDL reports record FY26 consolidated revenue of ₹13,006 Cr and PAT of ₹2,578 Cr. Performance driven by milestone naval deliveries and strategic expansion into international shipyards.

Highlights
Revenue growthConsolidated revenue up 13.8% YoY to ₹13,006 Cr.
MarginsConsolidated operating margin slightly declined from 17% to 16%.
Order book₹20,535 Cr; includes P17A, Destroyers, and Submarines.
Demand visibilityStrong, backed by MoD projects and indigenous tech focus.
Management confidenceHigh, citing 'Navratna' status and 250-year heritage.

Growth

FY26 Consolidated Revenue grew 13.8% YoY; PAT increased 6.8% YoY. Standalone PAT rose from ₹2,325 Cr to ₹2,436 Cr.

Outlook

Order book stands at ₹20,535 Cr as of March 2026. Focus on indigenization, LPD construction, and international operations via Colombo Dockyard.

Risks

N/A - Presentation focuses on project milestones and successful deliveries without highlighting specific operational risks.

Source

Earnings Call filed with NSE, NSE: MAZDOCK. Summary written with AI assistance from the document.

Read the document ↗

Mazagon Dock Shipbuilders Ltd: key numbers

Share price
₹2,199.60
Market cap
₹88,727 Cr
Revenue (annual)
₹13,006 Cr
Net profit (annual)
₹2,583 Cr
P/E (TTM)
31.1×Sector 53.6×
Promoter holding
81.22%+0.00% QoQ
FII holding
1.72%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Mazagon Dock Shipbuilders Ltd

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11:57 IST NSE
Management Change

Mazagon Dock Shipbuilders Management Change

Mazagon Dock Shipbuilders extended Director (Operations) Shri. Biju George's tenure through his 2029 superannuation. The Ministry of Defence approved the extension.

18:50 IST NSE
Partnership

Mazagon Dock Shipbuilders Partnership

Mazagon Dock Shipbuilders signed an MoU with NSHIPML to become the Anchor Shipyard for a new Greenfield Shipbuilding Industrial Cluster at Dighi, Maharashtra.

From
National Shipbuilding & Heavy Industries Park Maharashtra Limited
annual shipbuilding capacity
1.2 million Gross Tonnage
14:19 IST NSE
Other Announcement

Mazagon Dock Shipbuilders Other Announcement

Mazagon Dock Shipbuilders appointed M/s Sarda & Pareek LLP as its Statutory Auditor for FY 2026-27. The change was communicated to the exchanges under Reg 30 for record.

18:25 IST NSE
Management Change

Mazagon Dock Shipbuilders Management Change

Mazagon Dock Shipbuilders Limited has appointed Shri K.M. Ravi Kumar as a Non-Official (Independent) Director on its Board, effective September 07, 2026.

19:38 IST NSE
New Order Win

Mazagon Dock Shipbuilders Bags ₹118 Cr Order from Maharashtra State Electricity Transmission Co. Ltd.

Mazagon Dock Shipbuilders has received a purchase order from MSETCL for an AI-based infrasecure project, valued at approximately ₹117.997 Crore.

Value
₹118.0 Cr
From
Maharashtra State Electricity Transmission Co. Ltd. (MSETCL)
Execution
24 months