Mazagon Dock Shipbuilders: Strong Order Book & Strategic Expansion
Key Highlights
• Order Book: ₹20,535 Cr (as of March 31, 2026)
• Revenue (FY26): ₹12,839.6 Cr
• Net Profit (FY26): ₹2,435.77 Cr
• Dividend Payout: ₹730.92 Cr
Strategic Developments
• Acquired 51% stake in Colombo Dockyard PLC (~₹236.95 Cr)
• Strengthens international footprint and shipbuilding capabilities
Operational Strength
• Delivered 808 vessels since 1960
– 33 warships
– 8 submarines
• Key projects:
– Kalvari Class Submarines (2017–2025)
– Nilgiri Class Stealth Frigates
• INS Taragiri commissioned (April 2026)
Certifications & ESG
• Achieved ISO/IEC 27001:2022 (information security)
• CSR focus:
– Healthcare (70%)
– Education (16%)
Why It Matters
Strong order book and execution track record provide long-term revenue visibility, while global expansion enhances growth potential.
Learning Outcome
For defence PSUs, order book strength and execution capability are key indicators of future earnings stability.

















