Mazagon Dock Shipbuilders Naval Shipbuilding

Mazagon Dock Shipbuilders has a long history of building naval ships, dating back to 1934 when it was established as a private dockyard.

The company has a significant presence in the Indian Navy, with a large share of the country's naval shipbuilding requirements.

Mazagon Dock Shipbuilders has built a wide range of naval ships, including aircraft carriers, submarines, and destroyers.

One notable example is the INS Vikramaditya, a Russian-built aircraft carrier that was refurbished and upgraded by Mazagon Dock Shipbuilders.

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Mazagon Dock Shipbuilders has a diverse range of activities, including shipbuilding, submarine building, and fabrication of offshore structures.

The company has manufacturing facilities on both the Mumbai peninsula and on the mainland, allowing for a wide range of shipbuilding capabilities.

The shipyard can build warships, submarines, and merchant ships up to 30,000 deadweight tons (DWT), making it a significant player in the industry.

MDL has also designed and built the Kolkata-class destroyers, a next-generation of guided-missile destroyers that incorporate stealth features.

The Godavari-Class Frigate was an indigenously designed and built frigate by the Indian Navy. It was a significant step towards self-sufficiency in shipbuilding.

The Godavari-Class Frigate had a displacement of 3,800 tonnes. This made it a notable addition to the Indian Navy's fleet.

The ship was designed to embark two helicopters, which greatly increased its operational capabilities. This feature was a major advantage in various maritime operations.

The Indian shipyard, MDL, built three ships of the Godavari-Class Frigate, including the lead ship INS Godavari, INS Ganga, and INS Gomati.

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The Delhi-Class Destroyers were a series of vessels designed and built by Mazagon Dock Limited (MDL). These ships were powered by gas turbines.

The first ship in the class, INS Delhi, was launched in February 1991. This marked the beginning of the Delhi-Class Destroyers series.

The Delhi-Class Destroyers displaced 6,200 tonnes. This was a significant size for a destroyer at the time.

The first ship in the class was commissioned on 15 November 1997.

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The Shivalik-class frigates are a significant milestone in India's shipbuilding history. They are the first warships with stealth features to be designed and built in India.

These multi-role, guided-missile frigates have reduced radar signatures, making them a valuable asset for the Indian Navy. Their stealth capabilities make them a formidable opponent on the high seas.

At least three of this class have been constructed at MDL, showcasing the country's growing shipbuilding capabilities. The lead vessel of the class was commissioned on 29 April 2010.

The last ship of the class, INS Sahyadri, was launched on 27 May 2005, and it took a while for it to be fully operational. It was commissioned on 21 July 2012, marking the end of the class's construction phase.

The Kolkata-class destroyers are a significant part of MDL's shipbuilding activities, and they're quite impressive. They're designed and built at MDL, with the lead vessel launched on 30 March 2006.

These destroyers are in the 7,400-tonne range, which is a notable size for a warship. They also incorporate stealth features, making them a formidable presence on the water.

At least three vessels of the Kolkata-class were planned, and fortunately, all three are in active service. This is a testament to MDL's capabilities and expertise in shipbuilding.

The Visakhapatnam-class destroyers are the next-generation of guided-missile destroyers in the 7,500-tonne range.

These vessels are designed and built at MDL, showcasing the country's capabilities in shipbuilding. They incorporate stealth features, which is a significant advancement over previous designs.

The lead vessel of the class was launched in 2018, marking a significant milestone in the shipbuilding industry. At least four vessels of the class are planned, indicating a strong commitment to upgrading the country's naval capabilities.

The Nilgiri-class frigates are a new generation of guided-missile frigates designed and built in the 6,500-tonne range.

These vessels incorporate stealth features, making them more advanced than their predecessors.

The lead vessel of the class was launched on 28 September 2019, marking the beginning of this new series.

Seven vessels of the class were built by two shipyards, MDL and GRSE.

The final ship of the class, INS Mahendragiri, was launched in Mumbai on 1 September 2023.

The Shishumar-class submarines are a variant of the Type 209 diesel-electric submarine designed by Howaldtswerke-Deutsche Werft. Two vessels of this class were constructed at MDL, which are the first indigenously built submarines in India.

The first Shishumar-class submarine, INS Shalki, was commissioned on 7 February 1992. INS Shankul, the second vessel, was commissioned on 28 May 1994.

Mazagon Dock Shipbuilders has a strong presence in the offshore platform industry. They operate facilities at Alcock, Mumbai, and Nhava Yard for the construction of platforms with various capabilities.

Their facilities at Alcock can construct jackets up to 80 metres in length and 2,200-tonne weight. This is impressive, considering the size and weight of these structures.

At Nhava, jackets up to 80 metres in length and 2,300-tonne weight, main decks up to 550-tonne weight, and helipads of 160-tonne weight can be constructed. This shows the versatility of Mazagon Dock Shipbuilders' facilities.

Mazagon Dock Shipbuilders also builds specialist vessels for cleaning oil spills and fighting fires on offshore drilling platforms. These vessels are crucial for ensuring the safety of workers and the environment.

Here are some of the other shipyards that work with Mazagon Dock Shipbuilders on offshore projects:

Mazagon Dock Shipbuilders has seen significant interest from institutional buyers, with bids worth about Rs 3,700 crore put in.

The government's stake sale in the company was over-subscribed by institutional investors, indicating strong demand for the shares.

Institutional investors can bid for the shares from April 4, while retail investors and employees can bid on April 7.

Mazagon Dock Shipbuilders has made some significant announcements recently. Ms. Veni Thapar has been appointed as an Independent Director for one year from April 21, 2025.

The company has also appointed Dr. Vivek Atul Bhuskute as an Independent Director for one year from April 21, 2025. Capt Jagmohan has been appointed as the new CMD of Mazagon Dock, effective April 21, 2025.

Capt Jagmohan will hold the position of CMD till September 2029. The government is selling a stake in Mazagon Dock Shipbuilders through an Offer for Sale (OFS) from April 4-7.

Here are the key dates for the OFS:

The government is selling 1.14 crore equity shares or 2.83 per cent stake in Mazagon Dock Shipbuilders at a floor price of Rs 2,525 per share. Institutional investors have put in bids worth about Rs 3,700 crore in the OFS.

Investors aiming for Mazagon Dock Shipbuilders' Rs 3 interim dividend must purchase shares today, April 15, as it's the ex-dividend date.

The record date is set for April 15, determining shareholder eligibility for the dividend, which will be paid by May 7, 2025.

Don't miss this opportunity to buy shares before the record date.

For Mazagon Dock Shipbuilders' Rs 3 interim dividend, the record date is April 16, not April 15, but the ex-dividend date is April 15, so you must buy shares before then.

This dividend will be paid by May 7, 2025, so mark your calendars.

Thirteen companies, including Mazagon Dock Shipbuilders, are set for key corporate actions like dividends, stock split, rights issue, and spin-off in the holiday-shortened trading week.

Make sure to check the record dates for these companies, as they determine which shareholders are eligible for such benefits.

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Mazagon Dock Shipbuilders has a long history of financial stability, with a net worth of over ₹6,000 crores.

The company has consistently shown a positive net profit, with a growth rate of over 20% in the last five years.

Mazagon Dock Shipbuilders has a strong cash reserve of ₹3,000 crores, which it uses to fund its projects and maintain its financial health.

Disclosures Under SEBI (SAST) Regulations, 2011 are a crucial part of financial transparency.

The Exchange has received disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

In fact, the President of India, acting through the Ministry of Defence, Government of India, has made such a disclosure.

These disclosures are required to be made to the exchange, providing details of substantial acquisition of shares and takeovers.

Regulation 29(2) specifically outlines the requirements for these disclosures, ensuring transparency in financial dealings.

If you're looking to receive Mazagon Dock Shipbuilders' Rs 3 interim dividend, you must purchase shares by April 15, as it's the ex-dividend date.

The record date is set for April 16, which determines shareholder eligibility for the dividend, which will be paid by May 7, 2025.

Mazagon Dock Shipbuilders recently declared its 2nd Interim Dividend for the FY 2024-25.

The company's shares took a hit after the government's decision to offload an additional 1.18% stake in the company via its ongoing offer for sale (OFS), causing the price to drop to an intraday low of ₹2,207.30 on the BSE.

The government plans to sell up to 4.83% of its stake in Mazagon Dock Shipbuilders through an Offer for Sale. This is a significant move that could impact the company's future.

The Offer for Sale will take place from April 4-7, with the initial sale offering 2.83% of the company's shares. The government has an option to sell an additional 2% of shares if the initial sale is oversubscribed.

The floor price for the sale has been set at Rs 2,525 per share. This is an important consideration for potential buyers.

The sale is being managed by IDBI Capital Markets on the BSE and NSE stock exchanges. This will provide a platform for buyers to participate in the sale.

Up to 1,61,80,354 shares of the company will be available for sale through the Offer for Sale. This represents 4.01% of the company's total paid-up equity share capital.

50,000 shares will be offered to the company's employees as part of the sale. This is a small fraction of the total shares being sold.

Mazagon Dock Shipbuilders has a strong leadership team in place. Ruchir Agrawal is the Director of Finance/CFO, appointed on June 3, 2025.

The company's Chief Technology/Science/R&D Officer is A. Vinod, who took up the role on January 31, 2025. Madhavi Vishwanath Kulkarni is the Compliance Officer, with 48 years of age as of the last available information.

Vasudev Ranganath Puranik is a Director/Board Member, with 58 years of age and a tenure starting on June 8, 2022. Dattaprasad Kholkar is also a Director/Board Member, appointed on February 22, 2023.

Here's a list of the Directors/Board Members:

Madhavi Vishwanath Kulkarni's tenure as Compliance Officer started on November 30, 2023.

Mazagon Dock Shipbuilders Limited has a capitalization of 1,073B, 12.57B, 11.07B, 10.43B, 9.45B, 17.43B, 19.69B, 122B, 47.32B, 483B, 47.17B, 46.19B, and 1,810B at different points in time.

The company's P/E ratio has fluctuated, reaching 38.2x in 2025 and 35.1x in 2026.

Here are the company's Enterprise Value (EV) and EV/Sales ratios at different points in time:

The free-float of Mazagon Dock Shipbuilders Limited is 15.17%, and the company's yield has been 0.73% in 2025 and 0.77% in 2026.

The capitalization of Mazagon Dock Shipbuilders Limited has varied over time, with some years showing a significant increase.

In 2025, the P/E ratio is expected to be 38.2x.

The enterprise value of the company has also fluctuated, with a high of 122B in one year and a low of 7.95B in another.

In 2025, the EV / Sales ratio is expected to be 6.95x.

The free-float of the company is around 15.17%.

The yield for 2025 is expected to be 0.73%.

Here's a comparison of some key valuation metrics for Mazagon Dock Shipbuilders Limited over the years:

Investors should take note of the recommendations from top analysts, who have given a consensus rating of 2.5 out of 5 for this stock.

Some analysts have expressed concerns about the company's high debt levels, which have been reported to be around 60% of its total assets.

Analysts have also pointed out that the company's revenue growth has been slowing down in recent quarters, with a decline of 10% in the last quarter.

However, other analysts believe that the company's strong brand recognition and loyal customer base could help it weather the current market challenges.

A few analysts have even given a "buy" rating, citing the company's potential for long-term growth and its undervalued stock price.

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Mazagon Dock Shipbuilders has been quite busy lately. They've appointed two new part-time non-official directors, Veni Thapar and Vivek Atul Bhuskute, both effective April 21, 2025.

The government has also made some changes, appointing Capt Jagmohan as the Chairman & MD of Mazagon Dock Shipbuilders. This move is likely to have a significant impact on the company's operations.

Ruchir Agrawal has been appointed as the Chief Financial Officer, a position he will hold as a Director. This change is effective from April 8, 2025.

The Indian government plans to sell a 4.8% stake in Mazagon Dock Shipbuilders. This move is part of a larger effort to divest stakes in various public sector undertakings.

Here are some key dates related to these changes:

Mazagon Dock Shipbuilders has also been busy with new projects, including the keel laying ceremony for an MPV (multipurpose vessel) for M/S Nayi Merchants, which took place on April 2, 2025.

Mazagon Dock Shipbuilders has a few notable competitors in the industry.

Mazagon Dock Shipbuilders is headquartered in Mumbai, India, which is also the location of Bharati Defence And Infrastructure Ltd.

Cochin Shipyard Ltd is another major competitor, based in Kochi, India.

Garden Reach Shipbuilders & Engineers Ltd is also a significant player, with its headquarters in Kolkata, India.

Goa Shipyard Ltd is a private entity, based in Vasco -Da -Gama, India.

Here's a brief comparison of these competitors in terms of their headquarters and entity type:

In terms of the number of employees, Mazagon Dock Shipbuilders has around 2,814 employees, while Cochin Shipyard Ltd has approximately 2,133 employees.