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Latest news about Mazagon Dock Shipbuilders

Mazagon Dock Shipbuilders to Acquire Controlling Stake in Colombo Dockyard for $52.96 Million 5 days ago

Mazagon Dock Shipbuilders plans to acquire a controlling stake in Colombo Dockyard PLC for approximately Rs 452.00 crore ($52.96 million). The acquisition, expected to complete in 4-6 months, will be executed through primary subscription and secondary share acquisitions. Mazagon Dock aims to transform Colombo Dockyard into a debt-free entity within 5-6 years. This strategic move could enhance the merged entity's competitiveness in the global maritime sector.

Mazagon Dock Shipbuilders to Acquire 51% Stake in Colombo Dockyard for Rs 452 Crore 8 days ago

Mazagon Dock Shipbuilders Sets Ambitious Targets for FY26 Amid Challenges Jun 03, 2025

Mazagon Dock Shipbuilders Q4: Revenue Up, Profits Down Amid Provisioning Expenses Jun 02, 2025

Mazagon Dock Shipbuilders Projects Strong Growth, Anticipates Major Submarine Orders Jun 02, 2025

More news about Mazagon Dock Shipbuilders

30May 25

Mazagon Dock Shipbuilders: Shares Tumble 7% on Q4 Results, F&O Debut

Mazagon Dock Shipbuilders reported disappointing Q4 results, with net profit halving year-on-year and EBITDA declining over 80%. Margins narrowed to 2.80% from 16.00% in the previous year. However, the company achieved modest revenue growth and surpassed its full-year guidance on revenue and margins. The stock fell up to 7% following the results announcement, coinciding with its debut in the Futures & Options segment.

30May 25

Mazagon Dock Shipbuilders Reports Q4 Results: Net Profit Declines, Dividend Announced

Mazagon Dock Shipbuilders' Q4 results show a 50% year-over-year decline in net profit to ₹3.30 billion, while revenue slightly increased by 2.3% to ₹31.70 billion. The company has recommended a dividend of ₹2.71 per equity share. Compared to the previous quarter, net profit fell by 57.1% from ₹7.70 billion.

29May 25

Mazagon Dock Shipbuilders Reports 51% Decline in Q4 Profit, Recommends Dividend

Mazagon Dock Shipbuilders experienced a significant decline in Q4 profits, with net profit falling 51% to ₹325.30 crore. Revenue increased marginally by 2.3% to ₹3,174.40 crore. EBITDA saw a sharp 83% decrease due to rising subcontract costs. Despite challenges, the board recommended a final dividend of ₹2.71 per equity share. The company's stock reached a new all-time high, gaining 65% year-to-date.

28May 25

Mazagon Dock Shipbuilders to Announce Q4 Results and Consider Dividend on May 29

Mazagon Dock Shipbuilders Ltd will release its Q4 and full fiscal year results on May 29, 2023. The board meeting on the same day will also consider recommending a final dividend. An earnings call is scheduled for May 31 at 4:30 p.m. The company has closed its trading window for insiders from April 1 to May 31, 2023.

14May 25

Mazagon Dock Shipbuilders Ltd. Sees Significant Block Trade Worth Rs. 29.40 Crores

Mazagon Dock Shipbuilders Ltd. experienced a significant block trade on the National Stock Exchange, involving 91,826 shares at Rs. 3,201.40 per share, totaling Rs. 29.40 Crores. This transaction indicates ongoing interest from institutional investors or large stakeholders in the prominent Indian shipbuilding company.

21Apr 25

Mazagon Dock Shipbuilders Appoints Former Navy Captain as New CMD

Mazagon Dock Shipbuilders Ltd has appointed Capt (retd) Jagmohan as its new Chairman & Managing Director (CMD), effective April 21. He replaces Biju George and will serve until September 30, 2029. Capt Jagmohan brings over 25 years of naval experience, which is expected to benefit the company's defense shipbuilding focus.

16Apr 25

Mazagon Dock Shipbuilders Trades Ex-Dividend for ₹3 Per Share Interim Payout

Mazagon Dock Shipbuilders Ltd. has declared a second interim dividend of ₹3.00 per share for FY 2024-25. The ex-dividend and record date is set for April 16, 2025. On the ex-dividend day, the stock opened at ₹2,662.00 on the BSE, showing positive momentum with over 1% gain during intraday trading. Shareholders owning the stock before the ex-dividend date will be eligible for the dividend payout.

15Apr 25

Mazagon Dock Shipbuilders: Last Chance to Secure ₹3 Interim Dividend

Mazagon Dock Shipbuilders Ltd has declared a second interim dividend of ₹3 per share for FY 2024-25. The record date is set for April 16, 2025, with the last day to buy shares being April 15, 2025. Dividend payment is expected by May 7, 2025. No TDS applies for resident individual shareholders if total dividends for FY 2025-26 don't exceed ₹10,000.

08Apr 25

Mazagon Dock Shipbuilders Reports 13.8% Increase in Turnover for FY 2024-25

Mazagon Dock Shipbuilders Limited (MDL) has announced a provisional and unaudited turnover of ₹10,775.34 crores for the fiscal year 2024-25, marking a 13.8% increase from the previous year's ₹9,466.58 crores. This growth highlights MDL's strong performance in the shipbuilding sector and its significant role in India's maritime and defense industries.

08Apr 25

Mazagon Dock Shipbuilders Declares Second Interim Dividend of 3 Rupees per Share

Mazagon Dock Shipbuilders Ltd., a Navratna PSU, has announced a second interim dividend of ₹3 per share with April 16 set as the record date. This follows the government's recent exercise of an oversubscription option in its offer for sale, increasing the offer size to 4.01%. As a Navratna PSU, the company has greater autonomy in financial decisions. The dividend announcement is expected to generate increased interest in the company's shares.

07Apr 25

Government Expands Stake Sale in Mazagon Dock Shipbuilders OFS to 4.01%

The Indian government has increased its stake sale in Mazagon Dock Shipbuilders' Offer for Sale (OFS) from 2.83% to 4.01%. The expansion adds 1.18% stake through an oversubscription option, offering 47.69 lakh additional shares. The floor price is set at Rs 2,525.00 per share, with retail investors participating on April 7, 2025. This move aims to broaden the investor base and improve stock liquidity for the key player in India's shipbuilding industry.

04Apr 25

Mazagon Dock Shipbuilders: Government Stake Sale Oversubscribed by Institutional Investors

Mazagon Dock Shipbuilders' 2.83% government stake sale has been oversubscribed 1.42 times by institutional investors, with bids worth ₹3,700 crore. The floor price was set at ₹2,525 per share, with a potential total stake sale of 4.83% including the greenshoe option. Retail bidding is scheduled to open on April 7.

03Apr 25

Indian Government Announces Stake Sale in Mazagon Dock Shipbuilders

The Indian government plans to divest up to 11.40 million shares in Mazagon Dock Shipbuilders Ltd through an Offer for Sale (OFS) mechanism. The floor price is set at ₹2,525.00 per share, with an oversubscription option for an additional 4.83% stake. This move aims to reduce government holdings in public sector enterprises and potentially improve market liquidity for the prominent state-owned shipbuilding company.

21Mar 25

Mazagon Dock Shipbuilders Inks MoU with Goa for AI-Powered Disaster Management System

Mazagon Dock Shipbuilders Limited (MDL) signed an MoU with the Goa Disaster Management Authority on March 20, 2025, to develop an AI-based Wireless Disaster Detection, Rescue & Communication System. This collaboration aims to enhance Goa's disaster management capabilities through advanced technology, potentially improving disaster detection, rescue operations, and emergency communication.

28Feb 25

Leadership Shuffle at Mazagon Dock Shipbuilders: Director (Finance) Superannuates, Multiple Interim Appointments Announced

Mazagon Dock Shipbuilders Ltd. (MDL) announces significant leadership changes effective March 1, 2025. Sanjeev Singhal, Director (Finance) and acting CMD, superannuates. Biju George, Director (Shipbuilding), takes additional charge as CMD for one month and as Director (Finance) for three months. Cdr. Vasudev Puranik's additional charge as Director (Submarine & Heavy Engineering) extended by one month. These interim appointments, approved by the Ministry of Defence, aim to ensure leadership continuity during the transition period.

18Feb 25

Mazagon Dock Shipbuilders' Stock Slumps Despite Robust Q3 Performance

Mazagon Dock Shipbuilders Ltd experienced a 6.7% stock price drop to ₹1,943.5, despite reporting impressive Q3 FY2024 results. Net profit increased by 29% to ₹807 crore, revenue rose by 33% to ₹3,143 crore, and EBITDA grew by 51.4% to ₹817 crore. The company's year-to-date performance shows substantial growth with revenue up 24.17% and net profit increasing by 72.03%. Despite strong financials, the stock has declined 12% over three sessions, indicating a disconnect between market sentiment and company performance.