Mazagon Dock Shipbuilders Ltd Share Price – NSE /  BSE

Aerospace & Defence, Mid Cap

According to media reports, the Indian Navy is looking to finalise an agreement with Germany's Thyssenkrupp Marine Systems (TKMS) to procure six advanced conventional submarines, which would be built in Mumbai by Mazagon Dock under a technology partnership.

Responding to a query from the stock exchanges regarding the report, the company said that Contract Negotiation Committee (CNC) negotiations between the government and Mazagon Dock Shipbuilders have been completed and the proposal has been submitted for approval by the competent authority.

The company added that apart from this update, it is not aware of any other material developments that could explain the movement in its share price.

Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers.

On a consolidated basis, net profit of Mazagon Dock Shipbuilders rose 9.01% to Rs 879.78 crore while net sales rose 14.55% to Rs 3601.09 crore in Q3 December 2025 over Q3 December 2024.

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Net profit of Mazagon Dock Shipbuilders rose 9.01% to Rs 879.78 crore in the quarter ended December 2025 as against Rs 807.04 crore during the previous quarter ended December 2024. Sales rose 14.55% to Rs 3601.09 crore in the quarter ended December 2025 as against Rs 3143.62 crore during the previous quarter ended December 2024.

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Mazagon Dock Shipbuilders announced that the Board of Directors of the Company at its meeting held on 05 February 2026, has recommended a Second Interim Dividend of Rs.7.5 per share (i.e.150%), subject to the approval of the shareholders.

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Mazagon Dock Shipbuilders will hold a meeting of the Board of Directors of the Company on 5 February 2026.

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