Mazagon Dock Shipbuilders Ltd. · NSE:MAZDOCK
Mazagon Dock Shipbuilders — Q4 FY2025-26 Earnings Presentation
54 slides from Mazagon Dock Shipbuilders's earnings presentation, Apr 30, 2026
Slide 1: Regulation 30 disclosure covering letter to stock exchanges
12704102 MAKE IN INPL4 V W W ~ SIT ~ii~j~ik ~T, PI’1I~v~SeI 1~IP~≥%S tiiei~ ~T ~q~q) Mazagon Dock Shipbuilders Ltd. (Formerly Mazagon Dock Limited) (A Govt. of India Undertaking) sTq~giJ *~, Ni~i~iig, ~4-4OO 010 Dockyard Road, Mazagon, Mumbai ~40O 010 Certified ISO 9001 Company - GIN : t35100MH1934G
Slide 2: Investor Presentation Q4 / FY 2025-26
INVESTOR PRESENTATION Q4 / FY 2025-26 MAZAGON DOCK SHIPBUILDERS LIMITED (Government of India Enterprise, Ministry of Defence)
Slide 3: MDL Overview, Financial Highlights, Major Events, Major Awards
1 MDL OVERVIEW 2 FINANCIAL HIGHLIGHTS 3 MAJOR EVENTS 4 MAJOR AWARDS
Slide 4: MDL Overview: Navratna shipyard and key deliveries
Frigate Project 808 Vessels Kalvari Class MDL is the lead shipyard for Delivered from 1960: 33 Submarines Project building 4 of the Nilgiri Class Destroyer Project Warships from advanced Delivered all 6 Stealth Frigates, 1st Ship was All 4 Destroyers Destroyer to Missile Boats, & Submarines between
Slide 5: Journey since 1774 and milestones
Journey started with Acquired by the Starts Constructing Commissioned 1st a Small Dry Dock Government of India submarines Destroyer, INS Delhi 1934 1972 1992 2006 1774 1960 1984 1997 Incorporated as a Delivered the 1st Commissioned 1st Awarded Mini Ratna private company Frigate, INS Nilgiri Indian b
Slide 6: Key strengths of MDL
1 • Only Public Sector Defence Shipyard Constructing Destroyers & Submarines • World Class Infrastructure 2 • Capacity of building 11 Submarines & 10 War Ships concurrently • Strategically Located 3 • Healthy Order Book • Indigenization of Warships • Despite Covid Pandemic & associated shortage of o
Slide 7: Infrastructure and facilities
Shipbuilding Division: Submarine Division: 3 Dry Docks, 3 Wet Basins, 3 Big Fabrication Shops Slipways, 6 Small Slipways Sub-section Assembly & Section Production, Assembly & Electrical formation Shops Shops Cradle Assembly Shop for equipment 300 Tonne Goliath Crane outfitting Shor
Slide 8: Product range: naval platforms, merchant ships, oil sector
Naval Platforms Merchant Ships/Others Oil Sector Destroyers General Cargo Vessel Conventional Submarines Multipurpose Support Vessel Offshore Platforms Frigates Offshore Supply vessel Jack-up rigs Corvettes Tugs Sub Sea Pipe Laying Project Missile Boat Dredgers Passenger
Slide 9: Ten-year financial summary
(₹ in Cr) PARTICULARS 2025-26 2024-25 2023-24 2022-23 2021-22 2020-21 2019-20 2018-19 2017-18 2016-17 Equity Share Capital 201.69 201.69 201.69 201.69 201.69 201.69 201.69 224.10 224.10 249.00 Other Equity 8641.47 6979.15 5368.99 3975.87 3119.67 2717.37 2389.24 2581.79 2198.30 2359.78 Net Worth 8843
Slide 10: Sectorwise CSR expenditure in FY 2025-26
SECTORWISE CSR EXPENDITURE IN FY 2025-26 (in%) Social Economic Art and Culture Development 4% 2% Funds provided to Environmental technology sustainability 6% 2% Promoting Supporting treatment and surgeries for 150 children Education suffering from Congenital Heart Disease (CHD) at Sri 16% Sathya Sai
Slide 11: Shareholding pattern as on 31.03.2025
SHAREHOLDING PATTERN AS ON 31.03.2025 CATEGORY WISE SHAREHOLDING PATTERN Number of % of total 1 Promoters Sl. Category shares held share holding 81.22% 1 Promoters 327618501 81.22% 2 Institutions (Domestic) 20547224 5.09% 3 Institutions (Foreign) 6993510 1.73% Resident Individuals holding 5 nominal
Slide 12: Standalone quarterly financial highlights
Revenue from Operation (₹ in Cr) Total Income (₹ in Cr) EBITDA (₹ in Cr) 3965 3900 3684 4000 3863 1400 1149 3601 1200 3700 3800 1000 3500 657 3498 800 3600 443 3300 3174 600 3400 400 3100 200 2900 3200 0 Q4 2024-2025 Q3 2025-2026 Q4 2025-2026 Q4 2024-2025 Q3 2025-2026 Q4 2025-2026 Q4 2024-2025 Q3 20
Slide 13: Standalone annual financial highlights
Revenue from Operation (₹ in Cr) Total Income (₹ in Cr) EBITDA (₹ in Cr) 12,840 13,982 3402 13000 14500 3450 12500 13500 12,591 11,432 3350 12000 12500 3248 11500 3250 11000 11500 10500 10500 3150 FY 2024-2025 FY 2025-2026 FY 2024-2025 FY 2025-2026 FY 2024-2025 FY 2025-2026 PBT (₹ in Cr) PAT (₹ in C
Slide 14: Consolidated quarterly financial highlights
Revenue from Operation (₹ in Cr) Total Income (₹ in Cr) EBITDA (₹ in Cr) 3850 4134 1149 3601 4000 3174 4200 1200 4000 3863 826 1000 3000 3800 800 3461 2000 3600 600 406 3400 400 1000 3200 200 0 3000 0 Q4 2024-2025 Q3 2025-2026 Q4 2025-2026 Q4 2024-2025 Q3 2025-2026 Q4 2025-2026 Q4 2024-2025 Q3 2025-
Slide 15: Consolidated annual financial highlights
Revenue from Operation (₹ in Cr) Total Income (₹ in Cr) EBITDA (₹ in Cr) 16000 16000 14,146 4000 3405 3201 13,006 12,543 11,432 13000 13000 3000 10000 10000 2000 7000 7000 1000 FY 2024-2025 FY 2025-2026 FY 2024-2025 FY 2025-2026 FY 2024-2025 FY 2025-2026 PBT (₹ in Cr) PAT (₹ in Cr) Operating Margin
Slide 16: Order book as on 31 March 2026
Project Value Nos. Balance Nos. Shipbuilding Types Particulars (INR Cr) (Contracted) Client (INR Cr) (Pending to be delivered P15B Destroyers 28,745 04 MOD 863 0 Shipbuilding P17A Stealth Frigates 27,256 04 MOD 8,257 01 ICGS (CTS,NGOPV,FPV) 2,849 21 MOD 2,690 21 P17A Stealth Frigates Multipurpose Hy
Slide 17: Dividend paid and declared
DIVIDEND PAID BASIS 25.00 DIVIDEND PAID / DECLARED DURING FY 25-26 19.21 20.00 17.65 Final Dividend of Rs. 186.36 Cr. i.e Rs. 4.62 per share for FY 2025-26 declared Rs. 15.00 11.10 10.00 4.47 5.37 Second Interim Dividend of Rs. 302.54 Cr i.e 5.00 Rs. 7.5 per equity share for FY 2025-26 0.00 FY 2
Slide 18: Acquisition of 51% stake in Colombo Dockyard
Mazagon Dock Shipbuilders Ltd (MDL) has secured a 51% controlling stake in Colombo Dockyard PLC (CDPLC) for approximately Rs 236.95 crore. This acquisition brings Sri Lanka's largest shipyard under MDL’s operational control, marking a transformative step in India's maritime expansion strategy.
Slide 19: INS Taragiri commissioned
INS Taragiri Third Stealth Frigate of P17A Commissioned on 3rd April,2026.
Slide 20: Udaygiri commissioned
Udaygiri second ship under Project 17A Commissioned on 26th August,2025.
Slide 21: Delivery of Taragiri to Indian Navy
Delivery of Third Stealth Frigate of P17A Class ‘TARAGIRI’ to Indian Navy on 28th Nov’2025
Slide 22: Project 15B destroyer Mormugao
Project 15B destroyer Y-12705 Mormugao represents a significant milestone in India’s indigenous Naval shipbuilding journey. Built by Mazagon Dock Shipbuilders the warship showcases advanced Indian engineering, robust combat capability, and nearly 75% indigenous content — reinforcing India’s commitme
Slide 23: Aatmanirbhar Submarine Ecosystem Conclave 2026
Mazagon Dock Shipbuilders Limited (MDL) hosted the Aatmanirbhar Submarine Ecosystem Conclave 2026 in Mumbai on 10th March 2026. As India’s premier submarine construction shipyard, MDL remains committed to strengthening collaboration across the defence industrial ecosystem to accelerate . indigenisat
Slide 24: ISO/IEC 27001:2022 accreditation
MDL has been accredited for ISO/IEC 27001:2022 Information Security Management System under the visionary leadership of Mr. Ruchir Agrawal, Director (Finance) by Indian Register Quality Systems
Slide 25: Contract with Shipping Corporation of India for PSV
Mazagon Dock Shipbuilders Limited has signed a contract with The Shipping Corporation of India Limited on 18th Mar,2026 for Construction and Delivery of One (01) 3000 DWT Methanol Dual Fuel Diesel Electric Platform Supply Vessel. This Methanol Powered Vessel is being built under the Green Technology
Slide 26: Trilateral MoU with Indian and Brazilian Navy
MDL joined the Indian Navy and Brazilian Navy in signing a trilateral MoU for structured exchange of information on maintenance of Scorpene-Class submarines and other military ships
Slide 27: Keel laying and Defence MSME Conclave in Jammu
Keel Layingwith MDL in Collaboration Ceremony for of Society theIndian 2nd FastDefence Patrol Vessel (FPV) Manufacture (SIDM),CII under the (YARD-16502) aegis of DDP,for Indian MOD Coast Guard conducted 30th Oct’2025 (ICG) on Defence Regional MSME Conclave in Jammu on 30th Oct’2025
Slide 28: National Defence Industry Conclave 2026 session
FICCI, in partnership with the Department of Defence Production, Ministry of Defence, Government of India, and Mazagon Dock Shipbuilders Limited, organised a session on Complex Naval Platforms at the National Defence Industry Conclave 2026 in New Delhi. Mr. Ashok Wadhawan, Co-Chair, FICCI Defence &
Slide 29: Naval Defence & Innovation Conclave
Naval Defence & Innovation Conclave (NDIC) at Manekshaw Centre, Mazagon Dock Shipbuilders Limited (MDL) Showcased its indigenisation initiatives to strengthen the Submarine ecosystem, engaging over 170 MSME vendors. The stall highlighted critical components like hull & inline valves, oxygen candles,
Slide 30: Teaming Agreement with Swan Defence
. At IMMW 2025 in Mumbai, MDL signed a “Teaming Agreement” with Swan Defence and Heavy Industries to collaborate on the design and construction of Landing Platform Docks for the Indian Navy. This strategic partnership reinforces #AatmanirbharBharat through a strong public–private synergy in defence
Slide 31: MoU with Naval Group, France
MDL signed an exclusive MoU with Naval Group, France for offering the evolved Scorpene submarines to a friendly country for its ongoing submarine acquisition program
Slide 32: Second reading of INS Vela
Second Reading of D448 INS VELA Fourth Scorpene class submarine under Project-75 was signed on 22nd April,2025.
Slide 33: Second reading of Mormugao
Second Reading of D448 MORMUGAO Second Destroyer under P15B was signed on 22nd July, 2025.
Slide 34: Second reading of INS Imphal
Second Reading of D448 INS ‘IMPHAL’ Third Destroyer under P15B was signed on 9th Dec’2025
Slide 35: Keel laying of first NGOPV
The keel-laying ceremony of Yard 16401, the first of six Next Generation Offshore Patrol Vessels (NGOPVs) for the Indian Coast Guard (ICG) on 22nd July, 2025.
Slide 36: Keel laying of 2nd and 3rd NGOPVs
The Keel-Laying ceremony of Yard 16402 & 16403 the 2nd and 3rd Next Generation Offshore Patrol Vessels (NGOPVs) under Project 06 for the Indian Coast Guard was held on 17th Mar, 2026 at Yeoman Marine Services Pvt. Ltd (YMPL),Ratnagiri. The keel laying ceremony marks a significant milestone in the co
Slide 37: Keel laying of MPV Yard 21001
Keel Laying Ceremony of Multi Purpose Vessel (MPV)-Yard 21001 on 02nd April, 2025.
Slide 38: Keel laying of MPV Yard 21002
Keel Laying Yard-21002 (Project MPV-06 Multi Purpose Vessel) on 17th Nov’2025
Slide 39: Keel laying of Fast Patrol Vessel Y-16501
Keel Laying Ceremony, 14 Fast Patrol Vessels Y-16501 for Indian Coast Guard on 27th May,2025.
Slide 40: Keel laying of 2nd Fast Patrol Vessel
Keel Laying Ceremony for the 2nd Fast Patrol Vessel (FPV) (YARD-16502) for Indian Coast Guard (ICG) on 30th Oct’2025
Slide 41: Keel laying of 3rd Fast Patrol Vessel
Keel Laying Ceremony for the 3rd Fast Patrol Vessel (FPV) (Yard-16503) for Indian Coast Guard (ICG) on 29th January,2026
Slide 42: Plate cutting of NGOPV Yard 16404
. The Plate Cutting Ceremony of Yard 16404, the fourth in a series of six Next Generation Offshore Patrol Vessels (NGOPVs) for ICG on 20th August, 2025.
Slide 43: Plate cutting of 5th Fast Patrol Vessel
Plate Cutting ceremony for the 5th Fast Patrol Vessel (FPV) YARD -16505 for Indian Coast Guard (ICG) on 30th Oct’2025
Slide 44: Plate cutting of 6th Fast Patrol Vessel
Plate cutting ceremony for 6th Fast Patrol Vessel (FPV) (Yard-16506) for Indian Coast Guard (ICG) on 29th January, 2026
Slide 45: NAMAN Car Rally hosted by MDL
MDL had the honour of hosting the NAMAN Car Rally, celebrating the commissioning of INS ‘UDAYGIRI’ built by MDL being the 100th warship designed by the Warship Design Bureau of the Indian Navy The rally saluted India’s maritime legacy and the vision of #AatmanirbharBharat.
Slide 46: Visit of National Commission for Scheduled Tribes Chairman
Shri Antar Singh Arya, Hon’ble Chairman of the National Commission for Scheduled Tribes, visited MDL on 12th Feb, 2026.The visit featured a tree plantation drive, comprehensive yard tour, and an engaging interaction with the SC/ST Welfare Association.
Slide 47: Diwali Mela for Self-Help Groups
Mazagon Dock Shipbuilders Limited (MDL) hosted a Diwali Mela for Self-Help Groups (SHGs) on October 8th 2025, as part of its Vigilance Awareness Campaign. The event provided a platform for SHGs to sell products and aimed to support their economic empowerment and raise awareness.
Slide 48: Special Vendor Development Programme for SC/ST and women MSEs
Under the visionary leadership of Capt. Jagmohan, CMD & guidance of Shri. Biju George, Director (Shipbuilding), Shri. Hare Ram Singh, GM( Material) conducted Special Vendor Development Programme for SC/ST & Women MSE suppliers at MDL.
Slide 49: INS Mumbai Silver Jubilee
INS Mumbai marks its Silver Jubilee on 22nd Jan, 2026.On this proud occasion, veterans Cmde Tater (Retd) and Cdr Bhagwat (Retd),who served onboard ship, presented a memento to CMD MDL, Capt Jagmohan (Retd). In return CMD MDL presented mementos to veterans in recognition of their service.
Slide 50: Governance Now PSU IT Awards
Mazagon Dock Shipbuilders Ltd. is honoured to receive “Governance Now 10th PSU IT Award on 09th May 2025 under Following categories: 1) Digital Transformation Excellence Award 2) Digital Transformation Leader Award This is a testament to MDL’s exceptional efforts and commitment to making India truly
Slide 51: Recognitions for financial excellence 2026
A proud moment for MDL Two prestigious recognitions for financial excellence in 2026: A) India’s Most Influential CFO – National Leadership Awards 2026 by Times Aspire (Mumbai, 27 Feb 2026) B) Best Overall Financial Performance (Strong Financial Strength) – Governance Now 12th PSU Awards (New Delhi,
Slide 52: Table Tennis Tournament silver medal
MDL secured the prestigious Silver medal in the Table Tennis Tournament conducted by Mumbai city District Table Tennis Association.
Slide 53: Best Healthcare Support Initiative award
MDL has been awarded the ‘Best Healthcare Support Initiative of the Year’ at Indian Social Impact Awards 2025 in New Delhi.
Slide 54: Best Healthcare Support Initiative award
MDL has been awarded the ‘Best Healthcare Support Initiative of the Year’ at Indian Social Impact Awards 2025 in New Delhi.
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