Navratna PSU Stock: India’s defense shipbuilding sector is yielding some spectacular results, and Mazagon Dock Shipbuilders Limited stands at the very heart of this success. This ‘Navratna’ company—which constructs warships and submarines for the Indian Navy and other clients—has just released quarterly figures that have captured the attention of everyone on Dalal Street. Robust revenue growth, a phenomenal surge in profits, and a long-standing track record of consistently delivering value to shareholders make this one of the most compelling public sector success stories of recent times.
Q4 FY26 Net Profit
In the fourth quarter of FY26, Mazagon Dock Shipbuilders reported a consolidated net profit of ₹679.18 crore—a staggering 109% jump compared to the same quarter of the previous year, when the company had earned ₹325.29 crore. More than doubling profits within a single year is a monumental achievement for any company; for a state-owned shipbuilder operating in the capital-intensive defense sector, this speaks volumes about superior execution and operational efficiency.
Revenue and EBITDA
For Q4FY26, the company’s consolidated revenue stood at ₹3,850.39 crore, marking a year-on-year increase of 21.3% from the ₹3,174.41 crore recorded during the same period a year earlier. Even more impressive was the EBITDA performance, which surged 355% year-on-year to reach ₹542.89 crore, resulting in an EBITDA margin of 14.1% for the quarter. These figures not only reflect higher revenue generation but also demonstrate significant improvements in cost management and project execution—factors that have collectively propelled margins to a very healthy level.
Navratna PSU Stock Dividend
Alongside robust quarterly results, the Board of Mazagon Dock Shipbuilders has recommended a final dividend of ₹4.62 per share for the financial year ending March 31, 2026. This decision signals the company’s confidence in its financial health and its commitment to rewarding long-term investors who have remained invested throughout the company’s growth journey over the past several years.
From ₹100 to ₹2,733
For those investors who placed their trust in this company years ago, the returns have been nothing short of extraordinary. From a price of just ₹100.25 on April 30, 2021, the stock surged to ₹2,733.25 by April 30, 2026—marking a gain of 2,626% in just five years. Over a four-year period, the stock rose by 1,718%, and in three years, it delivered a return of 625%. Even within a two-year timeframe, shareholders witnessed their investment grow by 127%. The stock’s 52-week high stands at ₹3,778, while its 52-week low was ₹2,057.40, indicating a significant trading range as well as the potential for a strong recovery.
Mazagon Dock Shipbuilders Stock Split
In December 2024, Mazagon Dock Shipbuilders completed a stock split, wherein every share with a face value of ₹10 was split into two shares with a face value of ₹5. This move has made the stock more accessible to a wider base of small investors. Fundamentally, this company primarily constructs warships, submarines, and commercial vessels for the Indian Navy, the Coast Guard, and international clients—thereby placing it at the center of India’s growing defense manufacturing ambitions and the government’s efforts toward self-reliance in strategic sectors.