Mazagon Dock Shipbuilders Ltd

🚢 Mazagon Dock Shipbuilders: Key Updates on Orders, Expansion & Financials

- Q2 FY26 standalone revenue: ₹2,929 cr (↑6% YoY), PAT at ₹715 cr (↑27% YoY).

- Half-year standalone revenue: ₹5,555 cr (↑9% YoY), but PBT/PAT declined 8% due to ₹1,000 cr provisions.

- FY26 revenue expected at ~₹12,500 cr, with 5% growth projected for FY27.

- Order book: ₹27,415 cr, with potential future orders (LPD, MCMV, 17 Bravo frigates) worth ₹1.3-1.4 lakh cr.

- Scorpene Submarines (P75) contract signing expected soon; P75I negotiations ongoing (signing by FY26-end).

- Exclusive MoU signed for LPD project (₹35,000-40,000 cr bid).

- Greenfield shipyard in Tuticorin: ₹5,000 cr investment for VLCCs/large vessels.

- Colombo Dockyard acquisition pending; aims to boost revenue by 50% to ₹1,500 cr in 2 years.

- Stable 15% margins for shipbuilding; higher margins for submarines/frigates.

- Capex: ₹500 cr (FY26), ₹1,000 cr (Nhava Sheva/South Yard Annex), ₹5,000 cr (Tuticorin).

- Net worth up 22% YoY to ₹8,910 cr.