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Latest news about Mazagon Dock Shipbuilders

Mazagon Dock to Expand Operations with New Shipyard on Tamil Nadu's Coast 4 days ago

Mazagon Dock Shipbuilders Limited has signed an agreement with the Tamil Nadu government to establish a new shipyard facility on India's eastern coast. This strategic expansion aims to increase the company's shipbuilding capacity, diversify its geographical presence, and potentially access new markets. The new facility is expected to create jobs, develop skills in the shipbuilding sector, and foster industrial growth in the region. The eastern coast location provides strategic advantages, including easier access to Southeast Asian markets and alignment with India's focus on developing port-led industrial corridors.

Mazagon Dock in Focus as Germany's TKMS Initiates Submarine Project Talks with India Sep 15, 2025

Mazagon Dock Starts Navy Negotiations for ₹70,000-Crore Submarine Project P-75(I) Sep 10, 2025

Japan's MOL Eyes Indian-Made Ships from Mazagon Dock Shipbuilders Sep 03, 2025

India Aims to Finalize ₹1 Lakh Crore Submarine Deals by Mid-2026 Aug 31, 2025

More news about Mazagon Dock Shipbuilders

26Aug 25

India and Japan in Talks for Naval Ship Maintenance Collaboration

India's Foreign Ministry disclosed ongoing discussions between the Indian Navy and Japan regarding ship maintenance services. Mazagon Dock Shipbuilders Limited may play a significant role in this naval cooperation. The talks indicate growing maritime ties between India and Japan, potentially leading to enhanced interoperability, technology transfer, and strengthened strategic partnership in the Indo-Pacific region.

25Aug 25

Mazagon Dock Clarifies No Current Negotiations on Rs 70,000 Crore Submarine Deal

Mazagon Dock Shipbuilders (MDL) has issued a clarification denying current negotiations with the Defence Ministry for the Rs 70,000 crore Project 75 India submarine contract. This contradicts reports from news agency ANI citing Defence officials. MDL was selected in January for the project and signed an MoU with ThyssenKrupp Marine Systems in June 2023. Despite this clarification, MDL's management expects P-75 additional submarines and P-75(I) contracts to be signed this financial year, potentially growing their order book from Rs 32,000 crore to over Rs 1.25 lakh crore. The company has expanded its capacity to handle 11 submarines simultaneously.

24Aug 25

Mazagon Dock Set for ₹70,000 Crore Submarine Deal as Centre Gives Green Light

The Indian government has approved a ₹70,000 crore submarine deal involving Mazagon Dock Shipbuilders Limited (MDL). The Defence Ministry has given the go-ahead for formal negotiations with MDL. This deal aims to enhance India's naval capabilities and support the domestic shipbuilding industry. The project aligns with India's 'Make in India' initiative in the defense sector and is expected to have significant economic implications, including job creation and technological advancements in the shipbuilding industry.

21Aug 25

Mazagon Dock Shipbuilders May Benefit from ₹65,000 Crore Shipping Sector Grants

Grants worth ₹65,000 crore for the Indian shipping sector are expected to receive approval soon, as reported by ZEE BUSINESS. This development could significantly impact companies like Mazagon Dock Shipbuilders. The grants, once approved, may lead to increased investments in shipbuilding infrastructure, modernization of facilities, and potential new projects. This move could enhance the competitiveness of Indian shipyards globally. However, official confirmation and details of the grant distribution are still pending.

31Jul 25

Mazagon Dock Aims for 15% EBITDA Margin by FY26 Despite Q1 Profit Dip

Mazagon Dock Shipbuilders aims for a 15% EBITDA margin by FY26, despite a 35% drop in Q1 consolidated net profit to Rs 452.00 crore. The company's Q1 EBITDA margins contracted to 11.46% from 27.23%. With a Rs 30,000.00 crore order book to be executed by 2029, the company projects 8-10% normalized revenue growth. Q1 revenue from operations increased by 11.4% to Rs 2,626.00 crore. Mazagon Dock is competing for high-value projects like P-75I submarine orders and next-generation destroyers, and plans to fund capital expenditure through internal accruals.

30Jul 25

Mazagon Dock Shipbuilders Reports Mixed Q1 Results with Revenue Growth and Profit Decline

Mazagon Dock Shipbuilders Limited reported a 10.92% increase in total income to Rs 2,915.00 crore for Q1. However, net profit declined by 35.06% to Rs 452.00 crore compared to the same quarter last year. Earnings per share decreased from Rs 17.26 to Rs 11.21. The Board of Directors approved the financial results on July 28, which were subsequently published in newspapers on July 30.

29Jul 25

Mazagon Dock Shares Slump 3.5% on Q1 Profit Decline Despite Strong Order Pipeline

Mazagon Dock Shipbuilders Ltd's shares dropped 3.5% to ₹2,695.50 following disappointing Q1 results. Net profit declined 37.04% to ₹419.28 crore, despite revenue growth of 11.40% to ₹2,625.59 crore. Higher costs and provisions of ₹540.10 crore impacted profitability. Despite the setback, the company maintains a strong order book. Antique Stock Broking remains optimistic, maintaining a buy recommendation with a ₹3,858 price target, citing potential new orders and a strong pipeline.

28Jul 25

Mazagon Dock Shipbuilders Reports Mixed Q1 Results with Revenue Growth but Profit Decline

Mazagon Dock Shipbuilders reported a decline in Q1 consolidated net profit to ₹4.20 billion from ₹6.60 billion year-over-year, while revenue increased to ₹26.30 billion from ₹23.60 billion. EBITDA fell to ₹3.02 billion, with margin compression to 11.49%. The company's performance fell short of analyst expectations, with higher sub-contracting costs impacting operations. Prior to the announcement, the stock was trading 1.9% lower at ₹2,830.00.

26Jul 25

Mazagon Dock Shipbuilders to Announce Q1 FY26 Results on July 28

Mazagon Dock Shipbuilders Ltd., a Defence Ministry PSU, will release its quarterly results for the period ended June 30, 2025, on July 28. The company has implemented a trading window closure from July 1 until 48 hours after the results announcement. In the previous quarter, the company reported mixed results with a 2.3% increase in consolidated revenue to Rs 3,174.40 crore, but an 83% decrease in Ebitda to Rs 90.00 crore and a 51% drop in net profit to Rs 325.00 crore. The company's stock has shown varied performance, with a 29.87% increase over the last 6 months but a 7.30% decrease in the past month. Investors will be watching the upcoming results closely, particularly in light of the previous quarter's decline in profitability.

24Jul 25

Mazagon Dock Shares Climb 1.45% on Naval Technology Transfer Deal

Mazagon Dock Shipbuilders' stock increased by 1.45% following a technology transfer agreement with Naval Group for enhancing Kalvari-class submarines. The deal involves integrating DRDO-developed energy system plugs using Naval Group's Scorpene submarine technology. This follows two Defence Ministry contracts totaling ₹2,867.00 crore for AIP plug construction and torpedo system integration. Mazagon Dock's shares have gained 29.00% over the past six months.

21Jul 25

LIC Acquires 3.27% Stake in Mazagon Dock Shipbuilders as Government Reduces Holding

Life Insurance Corporation of India (LIC) has acquired a 3.27% stake in Mazagon Dock Shipbuilders during the June quarter. This coincides with the Indian government reducing its stake from 84.80% to 81.20% through an offer for sale. Retail shareholders increased in number, while Foreign Portfolio Investors slightly increased their holdings. The stock gained 23% during April-June, reaching a record high of ₹3,775.00, but has since corrected by 21%.

30Jun 25

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

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.

27Jun 25

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

Mazagon Dock Shipbuilders has approved the acquisition of a 51% stake in Colombo Dockyard PLC, a Sri Lankan shipyard, for $52.96 million (approximately Rs 452 crore). The acquisition will be made through a combination of primary subscription and secondary acquisitions from Onomichi Dockyard Co. of Japan. This strategic move is expected to enhance Mazagon Dock's shipbuilding and repair capabilities, provide access to new markets, and strengthen its position in the South Asian maritime sector.

03Jun 25

Mazagon Dock Shipbuilders Sets Ambitious Targets for FY26 Amid Challenges

Mazagon Dock Shipbuilders aims for 15% EBITDA margins and 8-10% revenue growth in FY26, despite a one-time provision of Rs 532 crore in Q4FY25 that dropped EBITDA margin to 2.80%. The company's order book stands at Rs 32,000 crore, and it's in talks with Malaysia and Indonesia for potential new orders.

02Jun 25

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

Mazagon Dock Shipbuilders reported a 2.3% year-over-year revenue increase to Rs 31.70 billion in Q4. However, profitability metrics declined significantly, with EBITDA falling 83% to Rs 900 million and EBITDA margin dropping to 2.8% from 16.9%. Adjusted PAT decreased by 51% to Rs 3.20 billion. The decline in profitability was mainly due to provisioning expenses. Despite these challenges, Nirmal Bang maintains a 'Buy' rating on the company, citing a positive long-term outlook for the shipbuilding sector.

02Jun 25

Mazagon Dock Shipbuilders Projects Strong Growth, Anticipates Major Submarine Orders

Mazagon Dock Shipbuilders anticipates 8-10% revenue growth for FY26 with a 15% PBT margin target. The company expects to secure submarine orders worth ₹30,000-40,000 crore soon. Their order book is projected to grow from ₹32,260 crore to ₹1,25,000 crore by FY26. Recent Q4 margins were affected by project-specific provisions.

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.