Mazagon Dock Shipbuilders (MAZDOCK) Corporate presentation summary

Company overview and history

• Only Indian shipyard capable of building destroyers and conventional submarines, with 809 vessels built since 1960, including 34 warships and 8 submarines.

• Holds Mini-Ratna (2006) and Navratna (2024) status; strategic acquisitions include a 51% stake in Colombo Dockyard PLC and a 47.21% stake in Goa Shipyard Ltd.

• Delivered all 6 Scorpene submarines in collaboration with Naval Group, France, and executed major refits for the Indian Navy.

• Commissioned first warship in 1972 and first submarine in 1992; listed on BSE and NSE in October 2020.

• Major recent deliveries include INS Surat, INS Nilgiri, and INS Vaghsheer, with ongoing expansion in both shipbuilding and offshore energy sectors.

Financial performance

• Revenue from operations grew from INR 57,333 Mn in FY22 to INR 1,30,063 Mn in FY26, with a CAGR of 22.73%.

• EBITDA margin improved to 26% in FY26, with EBITDA CAGR at 41.68% over the period.

• PAT increased from INR 8,450 Mn in FY22 to INR 34,050 Mn in FY26, with PAT margin rising to 26%.

• Return on equity reached 35% and return on capital employed 43% in FY26.

• Dividend per share declared at INR 18.12 in FY26.

Stock and ownership

• Stock price grew at a 78.05% CAGR since listing in October 2020, with a 1:2 split in December 2024.

• Shareholding as of June 2026: 81.22% President of India, 10.46% public, 5.01% FIIs, 1.72% DIIs, 1.59% others.