Mazagon Dock Shipbuilders (MDL) posted a firecracker FY25 — ₹2,41,351 lakh net profit, ₹12,55,311 lakh total income, and a final dividend of ₹2.71 per share. BUT… dear shareholder, before you start dreaming of a yacht parked at Gateway of India — let’s go deep into the numbers.
Because beneath that patriotic “Make in India, Build in Mazagon” wave… lies some provision bombs, wild cashflow gymnastics, and enough sarkari complexity to make even CAG say, “Bas karo yaar.”
🛠️ About the Company
Name: Mazagon Dock Shipbuilders Ltd. (MDL)
Sector: Defence PSU – India’s go-to shipyard for submarines and warships
Founded: 1934 (Back when the British were still asking Indians for rent)
