₹30,000 Cr Orderbook: Defence stock in focus after it aims to double its orderbook by FY26

India’s shipbuilding industry is experiencing remarkable growth, with its market value rising from $90 million in 2022 to $1.12 billion in 2024, and projected to touch $8 billion by 2033. Driven by a ₹2 trillion investment and 150 ongoing projects, India is ambitiously working to become a top five global shipbuilding hub by 2047.

With a market capitalization of Rs 1.09 lakh crore, the shares of Mazagon Dock Shipbuilders Ltd were trading at Rs 2,723.90 per share, increasing around 0.15 percent as compared to the previous closing price of Rs 2,719.75 apiece.

Mazagon Dock remains optimistic, with strong order visibility and expectations to double its ₹30,000 crore order book by FY26-end. Backed by a booming shipbuilding sector, the company anticipates 8–10% growth in FY26 and aims to maintain 15–20% margins. New contracts, including six ships for a Danish client, and warship opportunities further strengthen future prospects.

Also read: Microcap stock jumps 8% after receiving ₹30 Cr worth of orders from NCC and other clients

Looking forward to the company’s financial performance, revenue increased by 11 percent from Rs 2,357 crore in Q1FY25 to Rs 2,626 crore in Q1FY26. Further, during the same time frame, net profit decreased by 35 percent from Rs 696 crore to Rs 452 crore.

As of March 31, 2025, the company’s total order book stands at Rs 32,260 crore. Major contracts include P17A Frigates, P75 Submarines, and ONGC projects. Most orders are from the Ministry of Defence, with significant pending deliveries in vessels like ICGS and Multipurpose Hybrid Powered Ships.

Additionally, Mazagon Dock Shipbuilders continues its export momentum by securing contracts worth $85 million for six Multi-Purpose Hybrid Powered Vessels from a European client. Additionally, it received a second MRO order for helicopters from the Nepal Army, reinforcing its strong international presence in both shipbuilding and defence maintenance services. These wins highlight MDL’s growing global trust and operational versatility.

Written by Abhishek Singh 

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