Mazagon Dock Share Price Rises Ahead of Interim Dividend Record Date

Market Performance

On April 15, 2025, the share price of Mazagon Dock Shipbuilders surged 8% ahead of the scheduled record date for its interim dividend. The shares were trading at ₹2,642 on the NSE at 10:07 a.m., marking a notable increase. Over the past 52 weeks, the stock reached a low of ₹1,045 and a high of ₹2,930. The market capitalization stood at approximately ₹1.07 lakh crore.

Main News

Mazagon Dock had earlier declared April 16, 2025, as the cutoff date to determine eligible shareholders for its second interim dividend for the financial year 2024–25. The dividend payout is ₹3 per share on a face value of ₹5 per share. According to the company, the dividend payment is expected to be completed on or before May 7, 2025.

Company Details

Mazagon Dock Shipbuilders, a government-owned defence public sector unit (PSU), has an order book of ₹33,000 crores. The company has set a target to execute orders worth ₹10,000 crore in the current year, which includes ₹800 crore in export-related projects.

Additionally, the company has outlined a capital expenditure (capex) plan of ₹5,000 crore, which it intends to fund through internal accruals.

Earlier this month, the government offered a 2.83% stake of the company through an Offer for Sale (OFS). The offering included 1.14 crore equity shares at a floor price of ₹2,525 per share and received oversubscription from institutional investors, who submitted bids totaling approximately ₹3,700 crore.

Financial Data (Standalone - Q3 FY25)

• Revenue: ₹3,143.62 crore
• (Year-on-Year growth: 33.06%)

Summary

Mazagon Dock Shipbuilders’ stock saw a notable rise ahead of its interim dividend record date, with investor interest supported by strong financial performance and a substantial order book. The company’s upcoming dividend payout, execution targets, and capex strategy reflect its current operational focus without offering any investment recommendation or forecast.