Mazagon Dock Shipbuilders Ltd. (MDSL) has shared its revenue growth guidance for FY26, expecting an 8-10% increase in earnings while maintaining a 15% Profit Before Tax (PBT) margin. The defence PSU anticipates a significant boost in its order book, which could surpass ₹1.25 lakh crore, contingent on securing two major submarine contracts.
Key Highlights of Mazagon Dock’s FY26 Outlook
- Projected Revenue Growth: Expected to rise 8-10%, driven by new defence contracts.
- Major Orders Incoming: The company is likely to sign ₹30,000-40,000 crore worth of P75 additional submarines as early as next month.
- Expanding Order Book: If successful, the total order value could exceed ₹1.25 lakh crore, up from the current ₹32,260 crore.
- New Defence Projects: Mazagon Dock is preparing bids for the P17 Bravo frigates (₹70,000 crore) and the ₹44,000 crore MCMV project, expected to be announced soon.
Market Impact and Future Prospects
Mazagon Dock’s stock performance has been volatile, with a 7% drop following its earnings call, attributed to higher provisions for Coast Guard and Denmark projects. However, analysts remain optimistic about long-term growth, citing strong defence tailwinds and upcoming contracts.
For more updates on India’s defence sector and shipbuilding industry, stay tuned!
