NSE Symbol: MAZDOCK

Date: 27 October 2026

Operational Highlights

Order Book Position:

  • Order book as on 30th September 2026 is ₹16,443 crore

Project Deliveries:

  • Frigate Project: MDL is the lead shipyard for building 4 of the Nilgiri Class Stealth Frigates
  • 1st Ship delivered on 20th December 2024
  • 2nd Ship delivered on 1st July 2025
  • 3rd Ship delivered on 28th November 2025
  • 4th Ship delivered on 30th April 2026
  • INS Mahendragiri Stealth Frigate of P17A Commissioned on 11th July 2026
  • Destroyer Project: All 4 Destroyers delivered ahead of schedule
  • Delivered 7 Destroyers between 2014 to 2025 (One Destroyer every 18 Months)
  • 3rd Destroyer of P15B delivered 5 Months ahead of Schedule
  • 4th Destroyer of P15B delivered 2 Months ahead of Schedule
  • Kalvari Class Submarines Project: Delivered all 6 Submarines between 2017-2025
  • Despite COVID-19 Pandemic & associated shortage of oxygen, global shortage of chips

Historical Performance:

  • 809 Vessels Delivered from 1960: 34 Warships from advanced Destroyer to Missile Boats, & 8 Submarines
  • India's only shipyard to have built Destroyers, conventional Submarines for the Indian Navy & manufactured Corvettes in India
  • Celebrating 250 years of excellence, dedication, and service to the nation since 1774

Strategic Expansion & MoUs

Andhra Pradesh Expansion:

  • Signed MoU with National Shipbuilding and Heavy Industries Park Andhra Pradesh to be the Anchor Shipyard for proposed greenfield shipbuilding cluster at Dugarajapatnam
  • Signed in presence of Hon'ble Chief Minister of Andhra Pradesh Shri N. Chandrababu Naidu
  • Envisaged investment of ~₹15,000 crore
  • Capacity of 1.2 million GT per annum
  • MDL will anchor development of globally competitive shipbuilding and marine ecosystem

Maharashtra Expansion:

  • Signed MoU with National Shipbuilding & Heavy Industries Park Maharashtra Limited to participate as Anchor Shipyard in proposed Greenfield Shipbuilding Industrial Cluster at Dighi Maharashtra
  • Signed in presence of Hon'ble Chief Minister of Maharashtra Shri Devendra Fadnavis and Hon'ble Minister for Fisheries and Ports, Shri Nitesh Rane

Additional Maharashtra Collaboration:

  • Signed Memorandum of Understanding with Maharashtra Water Resources Regulatory Authority (MWRRA)
  • Signed in presence of Hon'ble Chief Minister of Maharashtra Shri Devendra Fadnavis
  • Cdr Vasudev Puranik, Director (Corporate Planning & Personnel), MDL and Chairperson MWRRA Smt. Shwetali Thakare present

Government Engagement:

  • Presentation made to Hon'ble Chief Minister of Maharashtra, Shri Devendra Fadnavis on 13 August 2026
  • Presentation made in presence of Shri Sanjeev Kumar, Secretary (Defence Production), Ministry of Defence
  • Discussions on India's shipbuilding ambitions, maritime industrial development and Maharashtra's potential in Maritime Amrit Kaal Vision 2047

Infrastructure & Capabilities

World Class Infrastructure:

  • Capacity of building 11 Submarines & 10 War Ships concurrently
  • Strategically Located
  • Healthy Order Book
  • Indigenization of Warships

Shipbuilding Division:

  • 3 Dry Docks, 3 Wet Basins, 3 Big Slipways, 6 Small Slipways
  • Production, Assembly & Electrical Shops
  • 300 Tonne Goliath Crane
  • Shore Integration Facility
  • Machine and Fitting, Instrumentation Shop

Submarine Division:

  • Fabrication Shops
  • Sub-section Assembly & Section formation Shops
  • Cradle Assembly Shop for equipment outfitting
  • Submarine Dry Dock
  • Shore Integration Facility

Product Portfolio:

  • Naval Platforms: Destroyers, Conventional Submarines, Frigates, Corvettes, Missile Boat, Offshore Patrol vessels, Floating Border Outposts, Coast Guard Training Ship, Next Generation Off-shore Patrol Vessels, Fast Patrolling Vessels
  • Merchant Ships/Others: General Cargo Vessel, Multipurpose Support Vessel, Offshore Supply vessel, Tugs, Dredgers, Passenger cum Cargo Vessel, Water tankers, Trawlers, Windmill towers Pontoons, MPV, Containers
  • Oil Sector: Project • Offshore Platforms, Jack-up rigs, Sub Sea Pipe Laying

Financial Highlights

  • Consistent Profitability since more than 20 years
  • Consistent Dividend
  • Zero Debt
  • EBITDA (₹ in Cr) data shown in presentation but specific numbers not provided in text

Awards & Recognition

Leadership Award:

  • Captain Jagmohan, Chairman & Managing Director (CMD) won Business Leader of the year (PSU) award at NDTV Profit Business Leadership Awards 2026
  • Award tribute to dedication of employees and trust of shareholders

Company Awards:

  • Honoured with Excellence Award under 'Promising Organization' category by Hon'ble Union Minister Shri Piyush Goyal
  • Award received at 10th GeM Foundation Day held at Bharat Mandapam, New Delhi on 10 August 2026

Quality Achievements:

  • Strong mark at CCQC-2026 with all 25 participating Quality Circle teams showcasing innovative case studies
  • 19 teams secured Gold Awards
  • 06 teams secured Silver Awards
  • Reflects MDL's focus on Quality, Innovation and Continuous Improvement

Corporate Social Responsibility

  • Felicitated 20 Veer Naris with solatium at Shanmukhanand Fine Arts & Sangeet Sabha, Mumbai
  • MDL honours valour and supreme sacrifice of martyrs
  • Committed to supporting and standing by their families