Archive · 2 Jun 2025
Mazagon Dock Expects Revenue Growth, Anticipates Big Orders
Imagine a company that builds ships, like the Mazagon Dock.
They said they expect to make more money in the next year.
They think they'll get a lot of new orders, like for submarines and other ships.
Some expenses made their profits lower in the last few months.
The company's management is optimistic about getting some big new orders.
Some investors are a bit worried about whether the company can achieve all of this because its stock is currently priced very high.
Despite the optimism, the company's stock price went down a bit recently.
Mazagon Dock Shipbuilders expects 8-10% revenue growth in FY26.
Company anticipates 15% PBT margins for FY26.
Q4 margins were impacted by provisions for projects, including Coast Guard and Denmark.
The company expects its order book to exceed ₹1.25 lakh crore in FY26.
Shares fell 7% on Friday, snapping a seven-day winning streak.
- Who
- Mazagon Dock Shipbuilders Ltd.
- What
- The company provided financial guidance for FY26 and is expecting significant orders.
- When
- The earnings call was on Friday, May 30. P75 additional submarine orders expected next month.
- Where
- India
- Why
- Due to expected orders and current geopolitical scenarios.
Company Performance
Market Sentiment
Valuation Concerns
Company Performance
Analysts are concerned about the execution risk given the company's valuation.
Market Sentiment
The market reflects pessimism due to the sharp drop in margin.
- FY26 Revenue Growth Guidance
- 8-10%
- FY26 PBT Margin Guidance
- 15%
- Current Order Book
- ₹32,260 crore
- Expected FY26 Order Book
- Over ₹1.25 lakh crore
- P75 Additional Submarine Order Value
- ₹30,000 - ₹40,000 crore
- P17 Bravo Frigates Order Value (Potential)
- Up to ₹70,000 crore