MAZDOCK

Defence export opportunities

1. Strong order book visibility Mazagon Dock continues to maintain one of the strongest order books among Indian defence PSUs. Ongoing warship and submarine programs provide multi-year revenue visibility. 2. Beneficiary of India's naval modernization The company remains a key beneficiary of India's focus on: Naval fleet expansion Indigenous defence manufacturing Atmanirbhar Bharat initiatives Future naval procurement programs could create additional order opportunities. 3. Execution of major warship projects Mazagon Dock continues to execute advanced destroyer, frigate and submarine projects for the Indian Navy. Timely project execution remains a major strength. 4. International expansion The company has expanded its international footprint through strategic investments and partnerships in the shipbuilding sector. This could open new opportunities in shipbuilding and ship-repair markets. 5. Defence export opportunities Management is actively exploring export opportunities for naval platforms and defence-related products. Defence exports remain a potential long-term growth driver. 6. Strong financial performance The company continues to report healthy revenue growth, profitability and cash generation supported by defence project execution. 7. Healthy balance sheet Mazagon Dock maintains a strong financial position with: Low debt Strong cash reserves Consistent dividend payouts