Mazagon Dock Shipbuilders Ltd.
1,853.60
INR
-68.70
(-3.57%)
Mazagon Dock Shipbuilders Ltd.
NSE:MAZDOCK
(National Stock Exchange of India)
Recent
price
1,853.60
P/E
ratio
39.33
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Mazagon Dock Shipbuilders Limited, headquartered in Mumbai, India, and dating back to a dry dock constructed in 1774 with formal incorporation as a private company in 1934 and government acquisition in 1960, operates as India's premier warship-building yard and a leading ISO 9001:2015-certified shipbuilder under the Ministry of Defence; the company specializes in constructing and repairing warships including advanced destroyers, frigates such as Nilgiri Class stealth frigates in collaboration with Italy's Fincantieri, corvettes like Veer and Khukri Class, missile boats, and diesel-electric attack submarines such as Scorpene Class in partnership with France's Naval Group; it also builds conventional submarines, merchant vessels up to 40,000 deadweight tons encompassing cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, and barges, while fabricating offshore structures for oil and gas including jackets, wellhead platform main decks, process platforms, and jack-up rigs, primarily serving the Indian Navy, Coast Guard, and domestic and international commercial clients with facilities on the Mumbai peninsula and mainland. Since 1960, Mazagon Dock has delivered 806 vessels including 31 warships and 8 submarines, holds Navratna status granted in 2024 by the Department of Public Enterprises upgrading from prior Mini-Ratna-I recognition, and invests in modern infrastructure such as a 300-tonne Goliath crane and modular construction workshops. In recent developments, the company sets an ambitious revenue target of ₹12,500 crore for FY26, advances a ₹5,000 crore Phase 1 investment for a new greenfield shipyard in Tuticorin capable of handling vessels up to 300,000 tons to expand capacity and market segments, delivered the first Nilgiri Class stealth frigate in December 2024 and the second in July 2025 ahead of schedule, and signed an exclusive Teaming Agreement in October 2025 with Swan Defence and Heavy Industries Limited during India Maritime Week to jointly design and construct Landing Platform Docks for the Indian Navy under public-private partnership aligning with government defense manufacturing goals for faster builds, enhanced quality, and cost efficiency.