# MAZDOCK (MAZDOCK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/mazdock

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹2,252
- Change: +1.90%
- As of: 2026-09-18
- 1D return: +3.17%
- 5D return: -4.33%
- 1M return: -11.28%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, MAZDOCK is trading below key moving averages across daily, weekly, and monthly timeframes, indicating a predominantly bearish technical stance. The daily chart shows the price below the 20-day Exponential Moving Average (EMA) of ₹2393.95, the 50-day EMA of ₹2438.24, and the 200-day Simple Moving Average (SMA) of ₹2452.82. This is further supported by a bearish Supertrend indicator at ₹2434.61. The monthly timeframe also shows the price below its 20-day EMA (₹2516.73) and a bearish Supertrend at ₹3669.94. The weekly view mirrors this, with the price below the 20-day EMA (₹2450.18) and a bearish Supertrend at ₹2708.21. The stock has formed a "Bullish Engulfing Reversal" pattern on the daily chart, which may signal a potential short-term shift, but this conflicts with the longer-term bearish signals and a "Bearish Engulfing Reversal" on the monthly chart. Recent activity includes an unusual upward price move on September 18, 2026 (+3%), following a day of high participation with no clear direction on September 17, 2026 (-1%). The stock's current price of ₹2280.0 is approximately 0.39% below the nearest support level at ₹2271.02. The nearest resistance is observed at ₹2305.87, about 1.13% above the current price. The stock exhibits a current drawdown of -0.39% and has an annualized volatility of 42%.

- Daily, weekly, and monthly timeframes are aligned with a bearish technical outlook, with the price trading below key moving averages and Supertrend indicators across all periods.
- A "Bullish Engulfing Reversal" pattern formed on the daily chart on September 18, 2026, suggesting potential short-term upward pressure.
- The nearest support level is ₹2271.02, approximately 0.39% below the current price of ₹2280.0.
- The nearest resistance level is ₹2305.87, approximately 1.13% above the current price.
- Watch for a sustained break above the resistance at ₹2305.87 to challenge the bearish trend, while a move below support at ₹2271.02 could reinforce the downtrend.

- Bullish Engulfing Reversal
- Bearish Engulfing Reversal
- Doji
- Inside Bar
- Shooting Star

### News Context

Mazagon Dock Shipbuilders Ltd (MDL) announced on September 18, 2026, plans to invest ₹15,000 crore in establishing a new greenfield shipyard in Andhra Pradesh. This development comes amidst a broader positive sentiment in the defence sector, with several defence stocks, including those related to shipbuilding and defence manufacturing, experiencing gains. On the same day, MDL shares saw a rebound, rising up to 2% after a prior six-day decline. This sector-wide upward movement was partly attributed to investor focus on long-term growth prospects and a recent ₹1.1 lakh crore defence acquisition approval by the Defence Acquisition Council earlier in the month.

- On September 18, 2026, Mazagon Dock Shipbuilders Ltd announced a planned investment of ₹15,000 crore for a new greenfield shipyard in Andhra Pradesh.
- MDL shares rose up to 2% on September 18, 2026, ending a six-day fall.
- Defence stocks, including those in shipbuilding and manufacturing, saw gains on September 17, 2026, driven by long-term growth focus and a ₹1.1 lakh crore defence acquisition approval.
- CFF Fluid Control shares, a company linked to the defence sector, hit a record high on September 17, 2026, surging nearly 9%.

- Mazagon Dock to invest Rs 15,000 crore in greenfield shipyard in Andhra Pradesh
- Mazagon Dock shares snap 6-day fall to rise up to 2%: Here's why
- CFF Fluid Control shares: Multibagger stock surges nearly 9% to hit record high; here's why
- Paras Defence, Data Patterns, BEL, HAL and more: Why are defence stocks on fire today? Check sector outlook
- Paras Defence, Apollo Micro, BEML, BEL, GRSE: Defence stocks rise up to 5% today; here's why

### What Changed

Mazagon Dock Shipbuilders Ltd. has announced plans to invest ₹15,000 crore in a new greenfield shipyard located in Andhra Pradesh. This development comes amidst recent market activity where the company's shares on the NSE saw a rise of up to 2% on September 18, 2026, snapping a six-day decline. The company's profile as a shipbuilder on the NSE remains unchanged.

- On September 18, 2026, Mazagon Dock Shipbuilders Ltd. announced an investment of ₹15,000 crore for a new greenfield shipyard in Andhra Pradesh.
- On September 18, 2026, Mazagon Dock shares on the NSE rose up to 2%, ending a six-day fall.
- Mazagon Dock Shipbuilders Ltd. is listed on the NSE.

- Mazagon Dock to invest Rs 15,000 crore in greenfield shipyard in Andhra Pradesh
- Mazagon Dock shares snap 6-day fall to rise up to 2%: Here's why

### Official Filings

Mazagon Dock Shipbuilders Limited (MAZDOCK) has disclosed several key developments. On September 4, 2026, the company announced it secured a domestic order from Maharashtra State Electricity Transmission Co. Ltd. for the supply, installation, and commissioning of an AI-based Comprehensive Infrasecure Project. This contract is valued at INR 1,179,971,564.90, including GST, and is expected to be completed within 24 months. In terms of governance, the company appointed Mr. K.M. Ravi Kumar as a Non-Official Independent Director effective September 7, 2026, for a term of three years. Additionally, M/s. Sarda & Pareek LLP was appointed as the Statutory Auditor, effective August 27, 2026, for a term of 12 months. These appointments and the new contract represent significant operational and governance updates for the company.

- On September 4, 2026, MAZDOCK received a domestic order worth INR 1,179,971,564.90 from Maharashtra State Electricity Transmission Co. Ltd. for an AI-based Infrasecure Project, with a 24-month completion period.
- Mr. K.M. Ravi Kumar was appointed as a Non-Official Independent Director effective September 7, 2026, for a term of three years.
- M/s. Sarda & Pareek LLP was appointed as the Statutory Auditor effective August 27, 2026, for a 12-month term.
- At the 93rd AGM held on August 27, 2026, shareholders approved all resolutions, including the adoption of financial statements for FY ended March 31, 2026, and a final dividend of ₹4.62 per share.
- The company noted a non-compliance with Independent Director requirements during FY 2025-26, attributing delays in filling vacancies to the Ministry of Defence's appointment process.

- Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- MAZAGON DOCK SHIPBUILDERS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Appointment of Mr K M Ravikumar as Non- Executive Independent Director of the company w.e.f. September 07, 2026. |SUBJECT: Appointment
- Mazagon Dock Shipbuilders Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Mazagon Dock Shipbuilders Limited has informed the Exchange about Bagging/Receiving of orders/contracts (Sub-para 4-Para B) |SUBJECT: Bagging/Receiving of orders/contracts (Sub-para 4-Para B)
- Mazagon Dock Shipbuilders Limited has submitted the Exchange a copy of Srutinizers report of 93rd Annual General Meeting held on August 27, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 27, 2026 |SUBJECT: Shareholders meeting

### Fundamentals

Mazagon Dock Shipbuilders reported its financial results for the periods ending Q3 FY2025-26, Q4 FY2025-26, and Q1 FY2026-27. Revenue from operations showed fluctuations, with ₹3,601.09 crore in Q3 FY2025-26, increasing to ₹3,850.39 crore in Q4 FY2025-26, and then decreasing to ₹2,942.70 crore in Q1 FY2026-27. Profitability metrics followed a similar trend. Profit Before Exceptional Items And Tax was ₹1,119.63 crore in Q3 FY2025-26, declining to ₹793.38 crore in Q4 FY2025-26, and further to ₹686.45 crore in Q1 FY2026-27. This pattern was also reflected in the Profit Loss For Period, which stood at ₹879.78 crore in Q3 FY2025-26, ₹674.16 crore in Q4 FY2025-26, and ₹550.46 crore in Q1 FY2026-27. The company's tax expense varied across these periods, with ₹282.50 crore in Q3 FY2025-26, ₹160.57 crore in Q4 FY2025-26, and ₹174.41 crore in Q1 FY2026-27. Investors may want to monitor the factors influencing these revenue and profit fluctuations, particularly the sequential performance from Q4 FY2025-26 to Q1 FY2026-27.

- Revenue from operations was ₹3,601.09 crore in Q3 FY2025-26, ₹3,850.39 crore in Q4 FY2025-26, and ₹2,942.70 crore in Q1 FY2026-27.
- Profit Before Exceptional Items And Tax was ₹1,119.63 crore in Q3 FY2025-26, ₹793.38 crore in Q4 FY2025-26, and ₹686.45 crore in Q1 FY2026-27.
- Profit Loss For Period was ₹879.78 crore in Q3 FY2025-26, ₹674.16 crore in Q4 FY2025-26, and ₹550.46 crore in Q1 FY2026-27.
- Tax Expense was ₹282.50 crore in Q3 FY2025-26, ₹160.57 crore in Q4 FY2025-26, and ₹174.41 crore in Q1 FY2026-27.

### Bull Case

Mazagon Dock Shipbuilders is planning a significant expansion with an investment of ₹15,000 crore towards establishing a greenfield shipyard in Andhra Pradesh. This strategic move indicates a focus on future growth and capacity enhancement within the shipbuilding sector. The company's shares have shown some recent upward movement, snapping a six-day decline, which may be linked to broader positive sentiment in the defence sector, where companies have seen gains attributed to factors like the Defence Acquisition Council's approval of acquisitions valued at ₹1.1 lakh crore.

- Mazagon Dock Shipbuilders plans to invest ₹15,000 crore in a new greenfield shipyard in Andhra Pradesh.
- The company's shares experienced a rebound, ending a six-day fall.
- Defence stocks, including Mazagon Dock, have seen investor interest, with sector-wide gains noted due to significant defence acquisition approvals.

- Mazagon Dock to invest Rs 15,000 crore in greenfield shipyard in Andhra Pradesh
- Mazagon Dock shares snap 6-day fall to rise up to 2%: Here's why
- CFF Fluid Control shares: Multibagger stock surges nearly 9% to hit record high; here's why
- Paras Defence, Data Patterns, BEL, HAL and more: Why are defence stocks on fire today? Check sector outlook
- Paras Defence, Apollo Micro, BEML, BEL, GRSE: Defence stocks rise up to 5% today; here's why

### Bear Case

The company's stock is currently trading below key moving averages, indicating a bearish trend on daily, weekly, and monthly timeframes. The daily Exponential Moving Average (EMA) is at ₹2393.95, and the Simple Moving Average (SMA) 20 is at ₹2442.62, both significantly above the current closing price of ₹2280.0. Similarly, the monthly EMA 20 is ₹2516.73 and SMA 20 is ₹2614.03. The Supertrend indicator is also signaling a bearish direction across all observed timeframes. Historical returns show a decline over multiple periods, with a return of -0.24 over the last year and -0.08 year-to-date. The stock has experienced a maximum drawdown of -0.45 and a current drawdown of -0.39, suggesting significant price depreciation from recent peaks.

- The stock's closing price of ₹2280.0 is below the daily EMA 20 (₹2393.95) and SMA 20 (₹2442.62).
- The Supertrend indicator is in a bearish direction on daily, weekly, and monthly charts.
- The stock has experienced a -0.24 return over the past year and a -0.08 return year-to-date.
- The maximum drawdown observed is -0.45, with a current drawdown of -0.39.

- Mazagon Dock to invest Rs 15,000 crore in greenfield shipyard in Andhra Pradesh
- Mazagon Dock shares snap 6-day fall to rise up to 2%: Here's why
- CFF Fluid Control shares: Multibagger stock surges nearly 9% to hit record high; here's why
- Paras Defence, Data Patterns, BEL, HAL and more: Why are defence stocks on fire today? Check sector outlook
- Paras Defence, Apollo Micro, BEML, BEL, GRSE: Defence stocks rise up to 5% today; here's why

### FAQs

**What is the company's recent order activity?**

On September 3, 2026, Mazagon Dock Shipbuilders Limited received a domestic order valued at ₹1,179,971,564.90 (including GST) from Maharashtra State Electricity Transmission Co. Ltd. for the supply, installation, and commissioning of an AI-based Comprehensive Infrasecure Project across five substations. The project has a completion period of 24 months.

**What recent changes have occurred in the company's auditor and board?**

Mazagon Dock Shipbuilders Limited appointed M/s. Sarda & Pareek LLP as its Statutory Auditor effective August 27, 2026, for a term of 12 months. This change was officially reported on September 8, 2026. Additionally, Shri K.M. Ravi Kumar was appointed as a Non-Official Independent Director effective September 7, 2026, for a term of three years or until further orders. This appointment was reported on September 7, 2026.

**What is the recent stock performance and technical trend?**

As of September 18, 2026, the stock's closing price was ₹2280.0. Recent returns show a decrease of 12% in the last month and 24% over the past year. Technical indicators suggest a bearish trend on daily, weekly, and monthly timeframes, with the Supertrend indicator at 2434.61 on a daily basis, indicating a bearish direction.

**What are the key support and resistance levels for the stock?**

As of September 18, 2026, key support levels are identified at ₹2271.02 (39% below the current price), ₹2257.93, ₹2216.97, and ₹2185.0. Resistance levels are noted at ₹2305.87 (1.13% above the current price), ₹2327.18, ₹2346.83, and ₹2431.35.

- Mazagon Dock to invest Rs 15,000 crore in greenfield shipyard in Andhra Pradesh
- Mazagon Dock shares snap 6-day fall to rise up to 2%: Here's why
- CFF Fluid Control shares: Multibagger stock surges nearly 9% to hit record high; here's why
- Paras Defence, Data Patterns, BEL, HAL and more: Why are defence stocks on fire today? Check sector outlook
- Paras Defence, Apollo Micro, BEML, BEL, GRSE: Defence stocks rise up to 5% today; here's why
- Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- MAZAGON DOCK SHIPBUILDERS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Appointment of Mr K M Ravikumar as Non- Executive Independent Director of the company w.e.f. September 07, 2026. |SUBJECT: Appointment
- Mazagon Dock Shipbuilders Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Mazagon Dock Shipbuilders Limited has informed the Exchange about Bagging/Receiving of orders/contracts (Sub-para 4-Para B) |SUBJECT: Bagging/Receiving of orders/contracts (Sub-para 4-Para B)
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹2,216.97
- Risk regime: Higher Price Risk

### Support levels
- 2271.0249999999996
- 2185
- 2125.9

### Resistance levels
- 2327.184375
- 2431.3546875
- 2472

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +3.17% |
| return_10 | -7.84% |
| return_1m | -11.87% |
| return_1y | -23.61% |
| return_20 | -11.28% |
| return_3m | -10.02% |
| return_5 | -4.33% |
| return_6m | -7.20% |
| return_since_start | +1.61% |
| return_ytd | -7.94% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -44.95% |
| annualized_volatility | +41.70% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Year-on-Year Revenue and Profit Growth, Margin Expansion; Finance Costs Surge

Mazagon Dock Shipbuilders Limited reported revenue from operations of ₹2,942.70 crore for the quarter ended 30 June 2026, a 12.08% increase from the same quarter last year. Profit for the period rose 21.74% year-on-year to ₹550.46 crore. While both revenue and profit declined sequentially from the March 2026 quarter, profitability margins improved compared to both the prior-year quarter and the preceding quarter. Finance costs increased sharply in percentage terms from a low base, though the absolute amount remained a small portion of revenue.

## Revenue and Profitability Trends

Revenue from operations grew from ₹2,625.59 crore in Q1 FY2025-26 to ₹2,942.70 crore in Q1 FY2026-27. However, the quarter followed a peak in Q4 FY2025-26, when revenue reached ₹3,850.39 crore, resulting in a sequential decline of ₹907.69 crore (23.57%). This pattern—revenue climbing through the fiscal year and then settling lower in the first quarter of the next year—was also visible in the prior four quarters.

Profit Before Tax (PBT) increased 21.1% year-on-year to ₹686.45 crore, outpacing the 12.08% revenue growth. The PBT margin improved to approximately 23.3%, up from 21.6% in Q1 FY2025-26 and 20.6% in Q4 FY2025-26.

Net profit (Profit Loss For Period) followed a similar trajectory, rising 21.74% year-on-year to ₹550.46 crore. Sequentially, net profit declined 18.35% from ₹674.16 crore in Q4 FY2025-26. Tax expense for the quarter was ₹174.41 crore, an 8.62% increase from the previous quarter and an 18.19% increase from the prior-year quarter.

## Expense Structure and Finance Costs

The reported expense line items for the quarter totalled ₹1,908.62 crore, comprising:

- Cost of Materials Consumed: ₹949.03 crore
- Purchases of Stock in Trade: ₹597.18 crore
- Employee Benefit Expense: ₹289.10 crore
- Depreciation: ₹28.97 crore
- Finance Costs: ₹44.34 crore

Finance costs rose to ₹44.34 crore, an increase of ₹34.33 crore (342.96%) from the previous quarter and ₹43.25 crore (3,967.89%) from the same quarter last year. Despite the sharp percentage increase, finance costs represented approximately 1.5% of revenue from operations, remaining a small component of the overall cost structure.

Other Income for the quarter was ₹313.18 crore, bringing total income (Revenue from Operations plus Other Income) to ₹3,255.88 crore. PBT of ₹686.45 crore was derived after deducting all expenses from this total income.

## Management Commentary

Mazagon Dock Shipbuilders reported standalone Q1 FY27 revenue from operations of ₹2,771 Cr (up from ₹2,626 Cr YoY) and PAT of ₹510 Cr (vs ₹419 Cr). Consolidated PAT stood at ₹550 Cr, aided by subsidiary Colombo Dockyard and associate Goa Shipyard. Management highlighted a robust order book of ₹18,218 Cr, including pending work on P17A frigates, P75 submarines, and new Coast Guard vessels, providing multi-year revenue visibility.

The company achieved key milestones including delivery of the fourth P17A stealth frigate and keel laying for new patrol vessels and a hybrid-powered vessel. With zero debt and consistent profitability, MDL continues to focus on indigenization and capacity expansion, concurrently building 11 submarines and 10 warships. Strategic collaborations (MoU with NACE, IIT Madras facility) underscore its commitment to innovation and skill development.

## Key Takeaway

The quarter demonstrated year-on-year growth in revenue and profit, with PBT margin improving compared to both the prior-year quarter and the preceding quarter. The sequential decline in revenue and profit from the March 2026 quarter was consistent with the pattern seen in the previous fiscal year. Finance costs increased sharply in percentage terms but remained a small portion of revenue.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_18092026163914_SE_Discl_Durgarajapatnam_MOU.pdf)
- 2026-09-08 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_08092026141917_SE_Discl_Appointment_of_Stat_Auditor.pdf)
- 2026-09-08 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17585_WebXMLFile_20260908_170954339.xml)
- 2026-09-07 — Management Change: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_07092026182441_SE_Discl_Assumption_of_Charge_K_M_Ravikumar.pdf)
- 2026-09-07 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17585_WebXMLFile_20260907_182902186.xml)
- 2026-09-04 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_17585_WebXMLFile_20260904_195555274.xml)
- 2026-08-28 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_28082026174729_SE_Discl_Voting_Results_and_Scrutinisers_Report.pdf)
- 2026-08-27 — Generic Announcement: Mazagon Dock Shipbuilders Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_27082026160446_SE_Discl_93RD_AGM_Proceedings.pdf)
- 2026-08-05 — Generic Announcement: Mazagon Dock Shipbuilders Limited is holding its 93rd Annual General Meeting on August 27, 2026, via Video Conferencing. The Annual Report for FY 2025-26 and the AGM Notice are available on the company's website and stock exchange websites for members whose email IDs are not registered. Remote e-voting will be open from August 24 to August 26, 2026. The record date for dividend eligibility and the final dividend payment date are August 20, 2026, and on or before September 26, 2026, respectively. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_05082026174314_SE_Disclosure_Web-link_letter_of_AGM_notice_signed.pdf)
- 2026-08-05 — Generic Announcement: Mazagon Dock Shipbuilders Ltd. announced its 93rd Annual General Meeting will be held on August 27, 2026, via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The record date for dividend entitlement and voting is August 20, 2026. Remote e-voting will be open from August 24 to August 26, 2026. The company also published newspaper advertisements regarding the AGM in Business Standard and Vruttamanas. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_05082026170656_SE_Disclosure_AGM_Notice_Newspaper_Advertisement_signed.pdf)
- 2026-08-04 — Generic Announcement: Mazagon Dock Shipbuilders Limited will hold its 93rd Annual General Meeting on August 27, 2026, via video conference. Key agenda items include adopting the financial statements for the year ended March 31, 2026, declaring a final dividend of ₹4.62 per equity share, and appointing/re-appointing directors. The company also seeks ratification of the Cost Auditors' remuneration at ₹2,50,000 plus applicable taxes for FY 2026-27. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_04082026225920_BSE_NSE_disclosure_notice_of_AGM_signed.pdf)
- 2026-08-04 — Official Filing: Mazagon Dock Shipbuilders Limited will hold its 93rd Annual General Meeting on Thursday, August 27, 2026, at 11:00 AM in Mumbai, conducted via Video Conference or Other Audio-Visual Means. The agenda includes adopting financial statements for the year ended March 31, 2026, declaring a final dividend of ₹4.62 per equity share, appointing a director in place of Biju George who retires by rotation, authorizing the Board to fix remuneration for Statutory Auditors for FY 2026-27, ratifying remuneration for Cost Auditors for FY 2026-27, and approving the appointment of Dinesh Mahur as Government Nominee Director.
- 2026-08-03 — Generic Announcement: Mazagon Dock Shipbuilders Limited announced its unaudited financial results for the quarter ended June 30, 2026. The results, both standalone and consolidated, are available on the company's website and the websites of BSE Limited and the National Stock Exchange of India. Shareholders are advised to update their bank details for timely dividend credit and to claim any unpaid or unclaimed dividends to avoid transfer to the Investor Education and Protection Fund. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_03082026155246_SE_Disc_Newspaper_Publication_30062026.PDF)
- 2026-07-31 — Generic Announcement: Mazagon Dock Shipbuilders Limited will hold its 93rd Annual General Meeting on August 27, 2026, at 11:00 AM IST via Video Conferencing. The company announced a final dividend of INR 4.62 per equity share for the financial year ended March 31, 2026, with a record date of August 20, 2026. The AGM notice and annual report for FY 2025-26 will be disseminated through email and company/stock exchange websites. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_31072026180322_AGM_Advertisement.pdf)
- 2026-07-30 — Generic Announcement: Mazagon Dock Shipbuilders Ltd. has uploaded a Corporate Investors Presentation detailing its performance for the quarter ended June 30, 2026. The presentation includes updates on project deliveries such as the fourth Stealth Frigate P17A Mahendragiri delivered on April 30, 2026, and the commissioning of INS Taragiri on April 3, 2026. It also notes the signing of acceptance documents for the 5th Kalvari Class Submarine, INS Vagir, on April 22, 2026, and keel laying ceremonies for a Fast Patrol Vessel and a Next Generation Offshore Patrol Vessel in April and June 2026, respectively. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_30072026183919_investorpresentation30072026.pdf)
- 2026-07-30 — Generic Announcement: Mazagon Dock Shipbuilders Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, on July 30, 2026. The company reported a profit of ₹55,046 Lakhs for the consolidated results and ₹50,971 Lakhs for standalone results for the quarter. The financial results were prepared in accordance with Indian Accounting Standards and reviewed by auditors. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_30072026182633_outcomeofBM30072026.pdf)
- 2026-07-24 — Official Filing: Mazagon Dock Shipbuilders Limited will hold a board meeting on July 30, 2026, to consider its unaudited standalone and consolidated financial results for the quarter ended June 2026. The trading window for the company's securities will be closed from July 1, 2026, to August 1, 2026.
- 2026-07-11 — Press Release: Mazagon Dock Shipbuilders Limited (MDL) announced the commissioning of INS Mahendragiri, a Project 17A stealth frigate, into the Indian Navy on July 11, 2026. This vessel, with approximately 75% indigenous content, represents a significant advancement in India's self-reliance in defense manufacturing. The construction period for INS Mahendragiri was reduced by 21% compared to the first ship in its class, showcasing MDL's enhanced shipbuilding efficiency. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_11072026135029_SE_Disc_Press_Release.PDF)
- 2026-07-03 — Generic Announcement: Mazagon Dock Shipbuilders Limited informed of changes in senior management, effective July 1, 2025, for Shri Thomas and Smt. Alice Kurian, and effective January 1, 2026, for Shri Debasish Hazra. The filing was made on July 3, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_03072026185733_SEDisclChangeinSMP.PDF)
- 2026-06-25 — Generic Announcement: Mazagon Dock Shipbuilders Limited will close its trading window for designated persons and their immediate relatives from July 1, 2026, until 48 hours after the declaration of financial results for the quarter ending June 30, 2026. The company will announce the board meeting date for considering these results in due course. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_25062026140557_SE_Disclosure_Closure_of_Trading_Window_June_2026.pdf)
- 2026-06-15 — Generic Announcement: Mazagon Dock Shipbuilders Limited announced a change in senior management, with Smt. Dew Nair appointed as General Manager (Technical) retrospectively from July 1, 2025, due to an internal promotion. This disclosure was made on June 15, 2026, in accordance with SEBI (LODR) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_15062026184228_SE_Disc_Change_in_SMP_Devi_Nair.pdf)
- 2026-05-26 — Shareholding Disclosure: As of March 31, 2026, the President of India, through the Ministry of Defence, holds 32,76,18,501 equity shares of Mazagon Dock Shipbuilders Limited, with no encumbrance reported during the financial year ended on that date, as disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. — [Official attachment](https://nsearchives.nseindia.com/corporate/team_bbodade_05052026164344_MAZDOCK.pdf)
- 2026-05-12 — Generic Announcement: Mazagon Dock Shipbuilders Limited informed the National Stock Exchange on May 12, 2026, regarding non-compliance with SEBI Listing Regulations. The Board reviewed the matter on April 30, 2026, and the company has requested the Ministry of Defence, its administrative ministry, to appoint sufficient Independent Directors, with the last communication on April 4, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_12052026110128_Board_comments_NSE_signed.pdf)
- 2026-05-04 — Generic Announcement: Mazagon Dock Shipbuilders Limited published its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in the Business Standard and Navakal newspapers on May 2, 2026. The company secretary and compliance officer, Lalatendu Acharya, signed the disclosure on May 4, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_04052026181948_SE_Discl_Newspaper_Publication.pdf)
- 2026-04-30 — Generic Announcement: Mazagon Dock Shipbuilders Limited's Board of Directors approved the audited financial statements for the fiscal year ending March 31, 2026, and recommended a final dividend of Rs. 4.62 per equity share. The company also reported its financial results for the quarter and year ended March 31, 2026, with auditors issuing unmodified opinions on both standalone and consolidated statements. — [Official attachment](https://nsearchives.nseindia.com/corporate/MAZDOCK_30042026210302_SE_Disc_FR_31032026.PDF)

## News and market events

- 2026-09-18 — CNBC-TV18: **Mazagon Dock signs MoU for ₹15,000 crore greenfield shipyard in Andhra Pradesh** — The Andhra Pradesh government is planning a broader Shipbuilding-cum-Port Cluster at Dugarajapatnam. According to the Techno-Economic Feasibility Report, the shipbuilding and ship repair yard is estimated to cost around ₹29,254 crore, while the proposed port is estimated at ₹9,513 crore. — [Source](https://www.cnbctv18.com/business/companies/mazagon-dock-share-price-signs-mou-for-rs-15000-crore-greenfield-shipyard-in-andhra-pradesh-19993694.htm)
- 2026-09-18 — The Hindu: **Sensex today | Stock Market Highlights: Sensex slips but Nifty gains 75 points by closing as easing crude offers relief** — Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended mixed on Friday, with the Nifty 50 gaining over 75 points while the Sensex closed marginally lower, as easing crude oil prices provided some relief to domestic equities. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-18th-september-2026/article71477821.ece)
- 2026-09-18 — MONEYCONTROL: **Mazagon Dock to invest Rs 15,000 crore in Andhra’s Dugarajapatnam shipyard; 45,000 jobs expected** — Mazagon Dock, Dugarajapatnam shipyard — [Source](https://www.moneycontrol.com/news/business/mazagon-dock-to-invest-rs-15-000-crore-in-andhra-s-dugarajapatnam-shipyard-45-000-jobs-expected-14033019.html)
- 2026-09-18 — MONEYCONTROL: **Mazagon Dock to invest Rs 15,000 crore in greenfield shipyard in Andhra Pradesh** — Andhra Pradesh, shipyard, ship building, Mazagon Dock Shipbuilders Ltd, MDL, — [Source](https://www.moneycontrol.com/news/business/mazagon-dock-to-invest-rs-15-000-crore-in-greenfield-shipyard-in-andhra-pradesh-14032971.html)
- 2026-09-18 — MONEYCONTROL: **Mazagon Dock shares snap 6-day fall to rise up to 2%: Here's why** — Mazagon Dock shares, Mazagon Dock share price today news, Mazagon Dock shares today, india defence shares — [Source](https://www.moneycontrol.com/news/business/markets/mazagon-dock-shares-snap-6-day-fall-to-rise-up-to-2-here-s-why-14032823.html)
- 2026-09-17 — BUSINESSTODAY: **CFF Fluid Control shares: Multibagger stock surges nearly 9% to hit record high; here's why** — CFF Fluid Control, CFF Fluid Control shares, CFF Fluid Control stock, multibagger stock, defence stocks, defence shares, SME to mainboard migration, BSE mainboard, CFF Fluid contracts, Mazagon Dock Shipbuilders, Naval Dockyard, Naval Group India, defence sector, stock market news — [Source](https://www.businesstoday.in/markets/stocks/story/cff-fluid-control-shares-multibagger-stock-surges-nearly-9-to-hit-record-high-heres-why-556121-2026-09-17)
- 2026-09-17 — Mint: **Paras Defence, Data Patterns, BEL, HAL and more: Why are defence stocks on fire today? Check sector outlook** — Defence stocks gained on Thursday with investors focusing on long-term growth. Key players like Paras Defence and Data Patterns saw significant increases. The Defence Acquisition Council approved  ₹1.1 lakh crore in acquisitions earlier this month. — [Source](https://www.livemint.com/market/stock-market-news/paras-defence-data-patterns-bel-hal-and-more-why-are-defence-stocks-on-fire-today-check-sector-outlook-11789625005479.html)
- 2026-09-17 — BUSINESSTODAY: **Paras Defence, Apollo Micro, BEML, BEL, GRSE: Defence stocks rise up to 5% today; here's why** — BEL share price, HAL share price, BDL share price, defence stocks, Paras Defence, Apollo Micro, BEML, GRSE, defence stocks — [Source](https://www.businesstoday.in/markets/stocks/story/paras-defence-apollo-micro-beml-bel-grse-defence-stocks-rise-up-to-5-today-heres-why-556066-2026-09-17)
- 2026-09-17 — BUSINESS: **Stock Alert: Tempsens Instruments India, Infosys, Highway Infra, Alembic Pharma** — Shares of Inox Wind, Kaynes Technology India, Bandhan Bank and SAIL are banned from F&O trading on 17 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-tempsens-instruments-india-infosys-highway-infra-alembic-pharma-126091700122_1.html)
- 2026-09-17 — BUSINESSTODAY: **Top stocks in news: Infosys, Rentomojo, Karamtara, ARCIL, Manipal Cards, Mazagon, Fortis, Steamhouse** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Infosys, Rentomojo, Karamtara Engineering, ARCIL, Manipal Cards, Mazagon Dock Shipbuilders, Fortis Healthcare, Steamhouse India, Tempsens Instruments, Skyways Air Services, Asset Reconstruction Company India (ARCIL), Alembic Pharmaceuticals, Manipal Payment & Identity Solutions, Juniper Hotels, Highway Infrastructure, Krsnaa Diagnostics, Gujarat Narmada Valley Fertilizers Chemicals, Venus Pipes & Tubes — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-infosys-rentomojo-karamtara-arcil-manipal-cards-mazagon-fortis-steamhouse-556016-2026-09-17)
- 2026-09-17 — Economic Times: **Stocks in news: Infosys, Mazagon Dock, Fortis Healthcare, JSW Energy and Kalpataru Projects** — On September 16, Indian markets experienced a careful resurgence, with the Nifty and Sensex both moving upwards. This rebound was fueled by increased investments in banking and prominent stocks following a steep drop the previous day. Key players like Infosys and Mazagon Dock are under scrutiny due to recent corporate events. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-infosys-mazagon-dock-fortis-healthcare-jsw-energy-and-kalpataru-projects/articleshow/134296725.cms)
- 2026-09-17 — The Hindu: **Buzzing stocks for Sept 17: Reliance, Infosys, Krsnaa, Mazagon Dock, Motilal Oswal, Granules,  Fine Organic Chem, Venus Pipes, Highway Infra** — Several Indian companies, including Reliance and Infosys, are making significant moves, from fundraising to new facilities, highlighting a dynamic shift in the corporate landscape — [Source](https://www.thehindubusinessline.com/markets/buzzing-stocks-for-sept-17-reliance-infosys-krsnaa-mazagon-dock-motilal-oswal-granules-fine-organic-chem-venus-pipes-highway-infra/article71475140.ece)
- 2026-09-16 — Mint: **Top stocks in focus tomorrow: Investors must watch Infosys, Mazagon Dock, shares on Thursday, 17 Sept | Triggers** — Indian stock market investors are set to monitor several companies on September 17, including Fortis Healthcare, Mazagon Dock Shipbuilders, and Infosys, due to significant business announcements and developments that may influence market activity. — [Source](https://www.livemint.com/market/top-stocks-in-focus-tomorrow-investors-must-watch-infosys-mazagon-dock-shares-on-thursday-17-sept-triggers-11789574580431.html)
- 2026-09-16 — CNBC-TV18: **Stocks to Watch for September 17: Fortis Healthcare, Infosys, Mazagon Dock, Kalpataru Projects and more** — From Krsnaa Diagnostics executing a 15-year concession agreement with the Punjab Health Systems Corporation to Juniper Hotels approving the proposed acquisition of the operating Novotel Imagicaa hotel in Khopoli, Maharashtra, here are the stocks to track ahead of Thursday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-17-fortis-healthcare-infosys-mazagon-dock-kalpataru-projects-and-more-19992119.htm)
- 2026-09-16 — Times of India: **Navy seeks bids for building 7 advanced stealth frigates under Project 17B, goes for competitive bidding instead of earlier nomination route - The Times of India** — News News: NEW DELHI: To strengthen the country’s stealth frigate fleet, the Indian Navy has issued a request for proposal (RFP) for seven such advanced warships. — [Source](https://timesofindia.indiatimes.com/defence/news/navy-seeks-bids-for-building-7-advanced-stealth-frigates-under-project-17b-goes-for-competitive-bidding-instead-of-earlier-nomination-route/articleshow/134286313.cms)
- 2026-09-16 — BUSINESSTODAY: **HAL, BDL, Mazagon Dock, Astra Microwave, Data Patterns: HSBC shares target prices for defence stocks** — BDL share price, HAL share price, BDL share price, HAL share price, defence stocks, defence shares, Astra Microwave share price — [Source](https://www.businesstoday.in/markets/stocks/story/hal-bdl-mazagon-dock-astra-microwave-data-patterns-hsbc-shares-target-prices-for-defence-stocks-555864-2026-09-16)
- 2026-09-16 — BUSINESS: **Defence stocks slide for fifth straight session** — The Nifty India Defence index slipped 0.16% to 9,129.40 on Wednesday, extending its losing streak to a fifth consecutive session. — [Source](https://www.business-standard.com/markets/capital-market-news/defence-stocks-slide-for-fifth-straight-session-126091600510_1.html)
- 2026-09-16 — MONEYCONTROL: **Rs 70,000-crore warship order: Indian Navy seeks bids for 7 Project 17B stealth frigates** — Indian Navy Project 17B, Project 17B frigates, Indian Navy stealth frigates, Project 17B RFP, Rs 70000 crore Navy order, Mazagon Dock Project 17B, GRSE Project 17B, Cochin Shipyard Indian Navy, Goa Shipyard Project 17B, Indian Navy warships, Project 17A frigates, defence shipbuilding India — [Source](https://www.moneycontrol.com/news/business/rs-70-000-crore-warship-order-indian-navy-seeks-bids-for-7-project-17b-stealth-frigates-14030821.html)
- 2026-09-16 — CNBC-TV18: **Mazagon Dock Shipbuilders shares in focus on the back of three important developments** — 15 analysts have coverage on Mazagon Dock, of which eight have a "buy" rating, two say "hold", and five have a "sell" rating. — [Source](https://www.cnbctv18.com/market/mazagon-dock-shipbuilders-share-price-mou-maharashtra-frigates-orders-70000-crore-buy-or-sell-19991425.htm)
- 2026-09-15 — CNBC-TV18: **Mazagon Dock Shipbuilders to invest ₹27,000 crore to set up shipbuilding cluster in Raigad** — MDL signed a memorandum of understanding (MoU) with National Shipbuilding and Heavy Industries Park Maharashtra Ltd (NSHIPML) in the presence of Chief Minister Devendra Fadnavis, an official release issued here said. — [Source](https://www.cnbctv18.com/market/stocks/mazagon-dock-shipbuilders-share-price-to-invest-rs-27000-crore-to-set-up-shipbuilding-cluster-in-raigad-19991368.htm)
- 2026-09-15 — The Hindu: **MDL signs MoU as Anchor Shipyard for Greenfield Shipbuilding Industrial Cluster at Dighi** — Under the MoU, MDL has envisaged shipbuilding capacity of at least 1.2 million Gross Tonnage (GT) per annum — [Source](https://www.thehindu.com/business/mdl-signs-mou-as-anchor-shipyard-for-greenfield-shipbuilding-industrial-cluster-at-dighi/article71469744.ece)
- 2026-09-15 — Times of India: **Cochin shipyard goes global: Why Indian Navy could be the biggest winner - The Times of India** — News News: India and the UAE are deepening maritime cooperation with a new joint venture between Cochin Shipyard Limited (CSL) and Dubai-based Drydocks World, a . — [Source](https://timesofindia.indiatimes.com/defence/news/cochin-shipyard-goes-global-why-indian-navy-could-be-the-biggest-winner/articleshow/134261212.cms)
- 2026-09-15 — The Hindu: **Mazagon Dock Shipbuilders to invest ₹27,000 cr to set up shipbuilding cluster in Raigad** — Mazagon Dock Shipbuilders invests ₹27,000 crore in Raigad, creating 90,000 jobs and boosting India's shipbuilding capacity. — [Source](https://www.thehindubusinessline.com/economy/logistics/mazagon-dock-shipbuilders-to-invest-27000-cr-to-set-up-shipbuilding-cluster-in-raigad/article71467492.ece)
- 2026-09-08 — MONEYCONTROL: **Father cobbler, mother labourer but son built Rs 350-crore company: How Ashok Khade went from poverty to Padma Shri** — Ashok Khade, Ashok Khade Padma Shri, Ashok Khade DAS Offshore, DAS Offshore, DAS Offshore revenue, Rs 350 crore company, Ashok Khade success story, Ashok Khade biography, Ashok Khade entrepreneurial journey, Ashok Khade business story, DAS Offshore Engineering, offshore engineering company India, offshore oil and gas industry, Indian entrepreneurs, Padma Shri 2026, Padma Shri award 2026, Dalit entrepreneurs India, Dalit entrepreneur success story, Maharashtra entrepreneurs, Ashok Khade net worth, DAS Offshore founder, Ashok Khade business journey — [Source](https://www.moneycontrol.com/news/business/markets/father-cobbler-mother-labourer-but-son-built-rs-350-crore-company-how-ashok-khade-went-from-poverty-to-padma-shri-14025336.html)
- 2026-09-07 — CNBC-TV18: **These four stocks are in focus after order wins worth over ₹900 crore and drug approvals by USFDA** — Most of the stocks that will be reacting to their respective order wins / drug approvals have delivered negative to flat returns so far this year. — [Source](https://www.cnbctv18.com/market/these-four-stocks-are-in-focus-after-order-wins-worth-over-%25e2%2582%25b9900-crore-and-drug-approvals-by-usfda-19985156.htm)

## Business profile

**Strategic vision:** Builds and repairs ships, submarines, and offshore platforms for defense and commercial clients.

### Business segments
- **Shipbuilding:** Constructs naval platforms such as destroyers, submarines, frigates, and corvettes, as well as merchant ships like cargo vessels, tugs, and dredgers.
- **Submarine and Heavy Engineering:** Builds conventional submarines and provides heavy engineering solutions, including offshore platforms and jack-up rigs for the oil sector.
- **Services:** Offers repairs and refit, designing of ships, know-how provision, training, tug support, and supply chain management.

### Competitive strengths
- Defense public sector undertaking status
- Extensive experience in building complex naval vessels and submarines

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/mazdock
Markdown representation: https://faxioms.com/stocks/mazdock?render=md