Mazagon Dock Shipbuilders Limited (MDL), a prominent player in India's defense manufacturing sector, has unveiled an ambitious growth strategy aimed at significantly boosting its financial performance by fiscal year 2027.

Revenue and Order Book Targets

The company has set its sights on achieving an annual revenue of ₹30,000 crore and an order book value of ₹85,000 crore by FY27. These targets represent a substantial increase from the company's current financial position, as indicated in its latest quarterly results.

Growth Strategy

MDL's plan to reach these ambitious goals includes:

1. Securing New Orders: The company aims to win new contracts for frigates and submarines, leveraging its expertise in naval vessel construction.

2. Expansion Plans: MDL is exploring the development of a greenfield shipyard in Tamil Nadu, which could significantly enhance its production capabilities.

3. Participation in Maritime Amritkaal 2047: The company is aligning its long-term strategy with the government's naval manufacturing roadmap, potentially opening up new opportunities in the defense sector.

Recent Financial Performance

MDL's Q2 FY2026 results provide context for these ambitious targets:

The company's strong quarterly performance, with significant improvements in revenue and profitability, suggests it's building momentum towards its long-term goals.

Dividend Announcement

MDL's Board of Directors has declared an interim dividend of ₹6.00 per equity share for FY2025-26, with the record date set for November 4, 2025.

Outlook

While Mazagon Dock's targets are undoubtedly ambitious, they reflect the company's confidence in its capabilities and the potential growth in India's naval defense sector. The success of this strategy will likely depend on factors such as government defense spending, the company's ability to secure major contracts, and the successful execution of its expansion plans.

Investors and industry observers will be keenly watching MDL's progress towards these goals in the coming years, as the company aims to solidify its position as a key player in India's defense manufacturing landscape.

Mazagon Dock Shipbuilders Limited (MDL), a prominent player in India's shipbuilding industry, has announced an interim dividend for its shareholders. The company's Board of Directors, in a meeting held on October 27, 2025, approved an interim dividend of Rs 6 per equity share for the financial year 2025-26.

Dividend Details

• Dividend Amount: Rs 6 per equity share
• Face Value: Rs 5 per share
• Record Date: November 4, 2025
• Payment Deadline: November 26, 2025

This dividend declaration comes as part of the company's financial results for the quarter and half-year ended September 30, 2025.

Financial Performance Highlights

MDL has reported robust financial results for the second quarter of FY 2025-26:

The company has shown significant growth in its net profit, with a 26.89% year-on-year increase, demonstrating strong operational performance.

Dividend Taxation

Shareholders should note that as per the Income Tax Act, 1961, dividends are taxable in the hands of recipients. MDL will deduct tax at source (TDS) from the dividend amount as applicable. The company has provided detailed guidelines for various categories of shareholders regarding TDS rates and required documentation.

Investor Considerations

• Shareholders on record as of November 4, 2025, will be eligible to receive this dividend.
• The ex-dividend date is likely to be November 3, 2025 (subject to stock exchange notifications).
• Investors should consult their tax advisors regarding the tax implications of this dividend income.

Mazagon Dock Shipbuilders Limited continues to be a key player in India's defense manufacturing sector, with its financial performance indicating resilience and growth in the current fiscal year.

Investors and market participants are advised to monitor further announcements from the company for any additional insights into its operational and financial strategies.