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Earnings Call

Mazagon Dock Shipbuilders Earnings Call: Key Takeaways

Mazagon Dock reports robust FY26 performance with Revenue of ₹13,006Cr (Consolidated) and PAT of ₹2,578Cr. Strategic expansion includes acquiring 51% of Colombo Dockyard and Navratna status attainment.

Highlights
Revenue growth13.8% YoY growth for FY26 consolidated operations.
MarginsConsolidated operating margin slightly down to 16% from 17% YoY.
Order book₹20,535Cr as of March 31, 2026.
Demand visibilityStrong, backed by 10-year financial growth and Navy requirements.
Management confidenceHigh, citing Navratna status and strategic international acquisition.

Growth

Consolidated Revenue grew 13.8% YoY; PAT up 6.8%. Quarterly standalone Revenue reached ₹3,684Cr in Q4 FY26.

Outlook

Order book stands at ₹20,535Cr. Plans include Green Tech vessels, Landing Platform Docks, and international shipyard operations.

Risks

Concentration of order book with MoD; global chip and oxygen shortages previously impacted submarine timelines.

Source

Earnings Call filed with BSE, 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