Mazagon Dock Shipbuilders Limited has released its Corporate Investors Presentation detailing the company's performance for the period ended December 31, 2025. The presentation highlights the company's historical achievements, including the delivery of 808 vessels since 1960, encompassing 33 warships and 8 submarines. Notably, MDL is the leading shipyard for building Nilgiri Class Stealth Frigates, with the first delivered on December 20, 2024, the second on July 1, 2025, and the third on November 28, 2025. The company emphasizes its unique position as India's only shipyard to have built Destroyers, conventional Submarines for the Indian Navy, and manufactured Corvettes in India. All four P15B Destroyers have been delivered ahead of schedule. MDL also proudly celebrated its 'Navratna' status and a significant milestone on January 15, 2025, with the commissioning of three frontline combatants: INS Nilgiri, INS Surat, and INS Vaghsheer. The presentation showcases a strong order book as of December 31, 2025, with a total value of ₹23,758 crore. This includes ongoing projects like P15B Destroyers, P17A Stealth Frigates, ICGS vessels, Multipurpose Hybrid Powered Vessels (MPV), P75 Kalvari Submarines, and medium refit and life certification of submarines. The company also has significant orders from ONGC for offshore platforms and an AIP project for the Indian Navy. Financially, for Q3 FY26, Mazagon Dock reported Revenue from Operations at ₹837 crore, PBT at ₹1149 crore, and PAT at ₹1120 crore. The company has a history of consistent profitability for over 20 years, consistent dividends, and zero debt. The presentation also details dividend distribution, with ₹544.56 crore declared and ₹472.36 crore paid for FY 2025-26, and ₹698.05 crore declared and ₹711.97 crore paid for FY 2024-25. Recent significant events include the signing of an MoU with Naval Group, France, for offering evolved Scorpene submarines, a "Teaming Agreement" with Swan Defence and Heavy Industries for Landing Platform Docks, and keel laying ceremonies for a Fast Patrol Vessel and a Multi-Purpose Vessel. The company also celebrated the delivery of the third Stealth Frigate of P17A Class, 'TARAGIRI,' on November 28, 2025. MDL has also been accredited with ISO/IEC 27001:2022 Information Security Management System and received the 'Best Healthcare Support Initiative of the Year' award.
