Rs 27,415 crore order book: Defence shipbuilding company-Mazagon Dock Shipbuilders Ltd signs teaming agreement with Swan Defence and Heavy Industries Ltd
DSIJ Intelligence-1 / 29 Oct 2025/ Categories: Multibaggers, Trending
The stock is up by 46 per cent from its 52-week low of Rs 1,917.95 per share and has given multibagger returns of over 3,200 per cent in 5 years.
During the flagship India Maritime Week 2025 (1MW 2025) held in Mumbai, Mazagon Dock Shipbuilders Limited (MDL), India’s premier Defence shipyard and a Navratna company under the Ministry of Defence, has signed an exclusive Teaming Agreement (TA) with Swan Defence and Heavy Industries Limited (SDHI), India’s largest shipbuilding and heavy fabrication company, for collaboration in the design and Construction of Landing Platform Docks (LPD5) for the Indian Navy.
The Defence Acquisition Council (DAC) last week accorded approval for the acquisition of LPDs - a critical capability addition for the Indian Navy to project power, undertake amphibious operations, and deliver humanitarian assistance and disaster relief (HADR) missions. Under this TA, MDL will bring its vast experience in ship design, project management, and system integration, while SDHI will provide its world-class shipbuilding infrastructure - the largest in the country - for the construction of the vessels. The partnership is designed to combine the technical, financial, and operational strengths of both shipyards to deliver an optimal solution for the Indian Navy.
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This collaboration embodies the spirit of Public—Private Partnership (PPP) envisioned by the Government of India. By leveraging the efficiency, flexibility, and cost competitiveness of the private sector together with the proven capabilities, quality standards, and credibility of a leading public sector enterprise, the partnership aims to reduce build periods, enhance quality, and achieve cost efficiency in the construction of these complex platforms.
About the Company
Mazagon Dock Shipbuilders Limited (MDL), a renowned Indian shipyard established in 1774, has a rich history of building a wide range of vessels, including warships, submarines, cargo/passenger ships, and offshore platforms. Having constructed over 800 vessels since 1960, MDL has consistently demonstrated its shipbuilding prowess. In recognition of its significant contributions to India's Defence industry, MDL was conferred the prestigious 'Navratna' status in June 2024, joining the ranks of India's top-performing public sector enterprises. This elevation is a testament to MDL's strong financial performance, consistent track record, and commitment to strengthening India's defence capabilities.
According to Quarterly Results, the net sales increased by 12 per cent to Rs 2,929 crore and net profit increased by 66 per cent to Rs 749 crore in Q2FY26 compared to Q2FY26. In H1FY26, the net sales increased by 9 per cent to Rs 5,555 crore and net profit decreased by 6 per cent to Rs 1,201 crore compared to H1FY25. MDL has also declared of 1st Interim dividend of Rs 6 per equity share of Rs 5 each fully paid-up for the Financial Year 2025-26. Further, the Company has fixed Tuesday, November 04, 2025, as the Record Date for the same. The payment of the Interim Dividend shall be completed on or before November 26, 2025.
The company has a market cap of over Rs 1,00,000 crore and as of September 30, 2025, the company’s Order Book stands at Rs 27,415 crore. The stock is up by 46 per cent from its 52-week low of Rs 1,917.95 per share and has given multibagger returns of over 3,200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.