Mazagon Dock Shipbuilders Ltd Share Price – NSE /  BSE

Aerospace & Defence, Mid Cap

Mazagon Dock Shipbuilders has appointed Kedar Nath Gupta (DIN-06460508) as Part-time Non-Official (Independent) Director on the Board of the Company is 21 May 2025.

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Mazagon Dock Shipbuilders Ltd rose 2.9% today to trade at Rs 3054.65. The BSE PSU index is up 0.34% to quote at 18349.64. The index is up 5.94 % over last one month. Among the other constituents of the index, Garden Reach Shipbuilders & Engineers Ltd increased 2.08% and Union Bank of India added 1.69% on the day. The BSE PSU index went down 5.2 % over last one year compared to the 9.57% surge in benchmark SENSEX.

Mazagon Dock Shipbuilders Ltd has added 31.71% over last one month compared to 5.94% gain in BSE PSU index and 10.13% rise in the SENSEX. On the BSE, 16761 shares were traded in the counter so far compared with average daily volumes of 4.27 lakh shares in the past one month. The stock hit a record high of Rs 3170 on 02 May 2025. The stock hit a 52-week low of Rs 1046 on 13 May 2024.

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As per the official notification, he will serve in this role until his superannuation on 30 September 2029, or until further notice. The change in leadership also marks the cessation of Biju George's additional charge as CMD, effective 21 April 2025.

Capt (Retd) Jagmohan brings over 25 years of distinguished service in the Indian Navy, with extensive expertise in naval design, project management, and business development. A naval architect by training from Cochin University of Science & Technology, he also holds postgraduate degrees and an M.Tech in Naval Construction and Ocean Engineering from IIT Delhi and IIT Kharagpur, respectively.

Before joining MDL, Capt (Retd) Jagmohan held senior roles at Goa Shipyard Ltd. and Garden Reach Shipbuilders & Engineers Ltd. (GRSE), Kolkata. At GRSE, he served as Head of Design, leading the development and execution of complex warship projects for the Indian Navy and Indian Coast Guard, including advanced stealth frigates and anti-submarine warfare corvettes.

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

The company's consolidated net profit surged 28.8% to Rs 807.04 crore on a 33.1% jump in revenue from operations to Rs 3,143.62 crore in Q3 FY25 over Q3 FY24.

Shares of Mazagon Dock Shipbuilders rose 0.54% to Rs 2,779.95 on the BSE.

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The Board of Mazagon Dock Shipbuilders at its meeting held on 08 April 2025 has approved the appointment of Ruchir Agrawal, Director (Finance) (DIN: 10166533) as Chief Financial Officer of the Company.

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