Mazagon Dock Shipbuilders Ltd. · NSE:MAZDOCK
Mazagon Dock Shipbuilders — Investor Presentation (September 2026)
29 slides from Mazagon Dock Shipbuilders's investor presentation, Sep 23, 2026
Slide 1: Exchange disclosure letter under Regulation 30
12704102 • ~ - --. ‘ii~piig ,sl’cp I~i9~ossJ I~IPI≥IS (W~w €k*11 ~cr ~sgcnN) Mazagon Dock Shipbuilders Ltd. • (Formerly Mazagon Dock Limited) (A Govt. of India Undertaking) sT*~~iJ ~, NI5PIIa, 4~f-40O 010 Dockyard Road, Mazagon, Mumbai -400 010 Certified ISO 9001 company - CIN : L35100MH1934G0100207
Slide 2: Corporate Presentation June 2026
Corporate Presentation June 2026
Slide 3: Disclaimer
Disclaimer THIS PRESENTATION (“PRESENTATION”) IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF MAZAGON DOCK SHIPBUILDERS LIMITED (THE “COMPANY”). The material that follows is a Presentation of general background information about the Company’s activities as at the da
Slide 4: Agenda
Agenda Particulars Slide # Company Overview 4 Financial Statements 9 Leadership & Senior Management Team 11 Key Investment Highlights 12 Strategy & Government Push 23 Awards & Recognition 25 Annexure 26 3
Slide 5: Company Overview
Company Overview wena gry as a yatta, Hag AR PRESIDENT’S FLEET REVIEW, MUMBAI |NDIA HIvot INDIA
Slide 6: Brief Company Overview
Brief Company Overview Key Highlights Key Customers ✓ Conferred ‘Mini-Ratna – I’ status in 2006 and Navratna in 2024 by Government of India ✓ Only Indian Shipyard capable of building Destroyers and Conventional Submarines ✓ Built 809 vessels including 34 warships from Missile Boats to Destroyers and
Slide 7: The Journey So Far
The Journey So Far 2021 to 2023 • Delivery of three platforms viz. 3rd & 4th Scorpene class submarine, INS Karanj & INS Vela respectively, and 1st P15B 2024 to 2026 missile destroyer, INS Visakhapatnam in 2021 • Delivery of INS Surat & INS Nilgiri on • Historical Double Launching of a destroyer “Sur
Slide 8: Stock Performance
Stock Performance ₹72.5 → ₹2,233 Monthly split-adjusted closing price | Listing: 12 Oct 2020 | As of: 21 Sep 2026 ~78.05% CAGR since listing 4000 1:2 split 27 Dec 2024 3500 3000 2500 2000 1500 1000 500 0 Oct-20 Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 Jun-26 Sep-21 Sep-22 Sep-23 Sep-24 Sep-25 Sep-26 Dec-2
Slide 9: Stock Overview
Stock Overview Shareholding Pattern 1.59% 5.01% 10.46% The President of India 1.72% FIIs DIIs Public Others 81.22% As on 30th June 2026 One Year Price and Quantity Change 400000 Deliverable Quantity Close Price 6000 5000 300000 4000 200000 3000 2000 100000 1000 0 0 22-Aug-22 22-Aug-23 22-Aug-24 22-A
Slide 10: Financial Overview
Financial Overview Revenue from Operations (INR Mn) EBITDA (INR Mn) / EBITDA Margin 1,40,000 40,000 EBITDA EBITDA Margin 35% CAGR: 41.68% 1,20,000 35,000 28% 26% 30% 27% 26% 34,050 1,00,000 30,000 24% 32,009 25% 80,000 25,000 19% 1,30,063 20% 25,131 1,14,319 20,000 15% 29,427 60,000 94,666 15% 26,25
Slide 11: Financial Overview
Financial Overview Return on Equity (%) Return on Capital Employed (%) 40% 50% 35% 45% 40% 30% 35% 25% 30% 20% 25% 35% 44% 34% 43% 29% 20% 36% 15% 26% 33% 15% 10% 17% 21% 10% 5% 5% 0% 0% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Earning Per Share (in Rs) Dividend Per Share (Declared Basis) (
Slide 12: Leadership & Senior Management Team
Leadership & Senior Management Team Capt. Jagmohan, IN (Retd.) Shri. Dinesh Mahur Shri. Biju George Chairman & Managing Director Additional Secretary (DP), MoD Director (Operations) Shri. Vasudev Puranik Shri. Ruchir Agrawal Cmde S B Jamgaonkar (Retd.) Director (Corporate Planning & Personnel) Direc
Slide 13: Key Investment Highlights
Key Investment Highlights 1 Only Public Sector Defence Shipyard Constructing Destroyers & Submarines 2 World Class Infrastructure 3 Completed Major Modernization Program 4 Strategically Located 5 Indigenization of Warships 6 Strong Order Book 7 Growth Outlook & Business Profile 8 Products & Services
Slide 14: Only Public Sector Defence Shipyard Constructing Destroyers & Submarines
#1 Only Public Sector Defence Shipyard Constructing Destroyers & Conventional Submarines Deliveries After 2021 1 India’s only shipyard to have built Destroyers and conventional INS Surat Submarines for the Indian Navy INS Imphal Destroyer 2 6 Leander class 3 Godavari class Some of the Frigates Friga
Slide 15: World-Class Infrastructure
#2 World-Class Infrastructure Capacity & capability to build 11 Submarines & 10 Warships 300 tonne Goliath Crane spanning 138 meter Ship-building facility comprises of: • 3 Dry docks • Module workshop with a • 3 Wet basins retractable roof allowing • 9 Slipways advanced modular block • Production sh
Slide 16: Undertook & Completed Major Modernization Program
#3 Undertook & Completed Major Modernization Program • Warship capacity increased from 8 to 10; submarine capacity increased from 6 to 11 • South Yard Annex: 15-acre MbPA land under development to nearly double shipbuilding and refit capacity Key Benefits 150T Level Luffing Crane commissioned at Alc
Slide 17: Location Provides Strategic Advantage
#4 Location Provides Strategic Advantage Europe West Asia Mumbai Pacific Rim Strategic Advantages: Closer co- Access to Competitive Location ordination Labour Advantage Location on Indian west Being present in western Majority of sub-contractors Location of facilities provide coast connects with bus
Slide 18: Increase in Indigenization of Warships and Submarines
#5 Increase in Indigenization of Warships and Submarines Dedicated Indigenization Department established in October 2015 Key systems / items indigenized or under development: ✓ Electric Propulsion Motor ✓ Helicopter Fire Fighting System 1,024 items 116 major systems (trials in progress) submitted to
Slide 19: Strong Order Book
#6 Strong Order Book Particulars Nos. Client Value (INR mn) Shipbuilding P15B Destroyers * 0 MoD 2,830 P17A Stealth Frigates * 0 MoD 75,870 ICGS (CTS,NGOPV,FPV) 21 MoD 26,490 Multipurpose Hybrid Powered Vessel 6 Navi Merchants 6,950 SCI PSV (Shipping Corporation of India – Platform Supply Vessel) 1
Slide 20: Growth Outlook & Business Pipeline
#7 Growth Outlook & Business Pipeline ₹1,006.0 mn FY26 investment in concept & design for future bids | vs ₹357.2 mn in prior year ₹ Strategic pipeline across LPDs, global Scorpene submarine sustainment and Southeast Asian opportunities Strategic Pipeline Runways Future Bid Investment LPD Opportunit
Slide 21: Product & Services - Shipbuilding
#8 Product & Services - Shipbuilding PLATFORMS • Naval Vessels • Commercial Vessels 1 • • Coast Guard Vessels Green Vessels – Methanol Dual Fuel SERVICES • Repairs and Refits • Design of Warships and Commercial Ships • Transfer of Technology 2 • Training PRODUCTS • Equipment / Systems for Marine and
Slide 22: Product & Services – Submarines (1/2)
#8 Product & Services – Submarines (1/2) MDL diversifying into various innovative products for both domestic and International market apart from main weapon platforms. 1. Midget Submarine MDL’s flagship R&D program with the ultimate goal of designing India’s first truly Indigenous Conventional Subma
Slide 23: Product & Services – Submarines (2/2)
#8 Product & Services – Submarines (2/2) 4. Autonomous Underwater Vehicle ( AUV) - MDL developing variety of underwater platforms with use of modern technology and artificial intelligence. a) Mobile Target Emulator (MTE) Attracts the torpedoes away from the counter maneuvering Submarine (target) by
Slide 24: Strategy
Strategy Diversification of Revenue Stream 1 2 3 Focus on offshore Export of products to the international market Focus in ship repair business oil platform ✓ Reviving exports to Latin America, Africa, South East Asia, ✓ Increased impetus ✓ Bagged three orders Middle East and Scandinavian regions, e
Slide 25: Integration with other Government of India Initiatives
Integration with other Government of India Initiatives • Inland waterways traffic to shoot up 15x over the next 20 years • Indian Navy announced an indigenization plan of up to 2030, • Capacity augmentation to result Make in India Sagarmala in 5x rise in traffic capacity, from in July 2015 Initiativ
Slide 26: Awards & Recognitions
Awards & Recognitions Year Particulars 2026 • PSE Technology & Innovation Awards 2026 – ‘Enterprise Applications’ category, India PSE Summit, Hyderabad. • Dun & Bradstreet Public Sector Excellence Award 2024 under "Defence Production (CPSU)" category. 2024 • Global Inclusion Award 2024 under “ DEI P
Slide 27: Annexure
Annexure
Slide 28: Financial Statements
Financial Statements Consolidated Profit & Loss Account INR Mn 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 Q1FY26 Q1FY27 REVENUE Contract & other operating revenue 57,333 78,272 94,666 1,14,319 1,30,063 26,256 29,427 Other income 4,103 6,868 11,015 11,116 11,394 3,236 3,132 Total revenue 61,43
Slide 29: Thank You
Thank You
Mazagon Dock Shipbuilders — Investor Presentation (September 2026) on 6ix