Rs 3/Sh Dividend: Mazagon Shares Climb Ahead of Ex-Date, Buy?

Defence public sector undertaking (PSU) Mazagon Dock Shipbuilders share price witnessed stunning rally of 9.48% as Sensex rallied 1550.63 points to 76,707.89 in late afternoon trade on April 15, 2025. The stock is all set to trade ex-dividend on April 16, 2025 which is also the record date. Mazagon Dock Shipbuilders share price stood at Rs 2662.95 per share on BSE. The scrip witnessed impressive gain of 12.74% in last 1-week when Sensex jumped 3.37% and BSE Industrials index soared 4.31%. The stock recorded rally of 655.20% in last 2-years and delivered multibagger returns in last 1-year. Its return on equity stood at 40.47%. The company has a market capitalisation of Rs 1,07,258.74 crore. Check more details below:

Mazagon Dock Shipbuilders Shares Set To Trade Ex-Dividend

As per the BSE filing of the company issued as on April 8, 2025, “Board of Directors of the Company in its meeting held on 8 April 2025 has approved the declaration of 2nd Interim Dividend of Rs. 3/- per equity share of Rs. 5/- each fully paidup for the Financial Year 2024-25.” It set Wednesday, 16 April 2025 as “Record Date” for the 2nd Interim Dividend. The payment of the same shall be completed on or before 07 May 2025.”

Rs 3/Sh Dividend: Mazagon Shares Climb 9.48% Ahead of Record Date, Buy?

How To Be Eligible For Mazagon Dividend?

Record date remains crucial in determining eligibility of shareholders for dividend income. Shareholders whose names surface in firm’s record on the record date will qualify for dividend. Record date is the date when the firm prepares list of shareholders for dividend. In the case of Mazagon Dock, the record date has been set as as April 16, 2025.

Mazagon Dock Dividend History

The company recommended 10 dividends since 2021. In last 1-year, Mazagon Dock Shipbuilders recommended an equity dividend of Rs 35.30 per share. Its dividend yield stood at 1.33%. Adjusting for Bonus/Splits the dividend yield is 0.66%, according to Trendlyne.

Mazagon Dock Stock Performance & Return

The 52-week high of Mazagon Dock share price on BSE is Rs 2929.98 per share (as on 05/07/2024) and 52-week low price is Rs 1046.00 per share (as on 13/05/2024), respectively. Mazagon Dock shares surged 14.8% in last 1-month, rallied over 19% in last 3-months, and zoomed 147.7% in last 1-year. The stock delivered 1589.10% returns in last 3-years.

Mazagon Dock OFS

Earlier on April 4, 2024, Govt planned to offload 4.83% stake in the PSU via an offer for sale (OFS). The stock declined sharply when the govt’s OFS opened for institutional investors. The non-retail portion got fully subscribed on day 1 (April 4, 2024) amid strong interest from institutional investors. However, Mazagon shares slipped to Rs 2,200 apiece, below the OFS price of Rs 2525 per share. The OFS opened for retail investors, non-retail bidders and employees on April 7, 2025, who decided to carry forward their unallotted bids. But, retail participation stood lackluster as subscription rate stood at 0.07%, fetching 1,127 bids against the offer size of 1.95 million shares. The govt decided to offload up to 2.83% stake in Mazagon with the option to sell extra 2% in the situation of robust demand.

Mazagon Dock Shipbuilders Declares Turnover

Mazagon Dock Shipbuilders Limited (MDL) recorded a turnover of Rs. 10,775.34 Crores approx. (provisional and unaudited) for the financial year ended on 31 March 2025 (corresponding figure for the previous year was Rs. 9466.58 Crores), as per April 8, 2025 exchange filing.

Should You Buy Mazagon Dock Shares?

Mehta Equities Ltd has buy call on Mazagon Dock shares with target price of Rs 2,750 and stop loss at Rs 2,473 per share. The brokerage firm said, the PSU re-energized with a breakout above moving averages, reflecting the continuation of its uptrend. RSI (14) at 56 indicates bullish momentum is picking up again. If investors hold above Rs 2,550, it could lead to an upward move toward Rs 2,750.

Mazagon Dock About

Mazagon Dock Shipbuilders Limited is one of the leading shipbuilding yards in India. The History of Mazagon Dock dates back to 1774, when a small dry dock was constructed in Mazagon. Over the years, MDL has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy & Coast Guard. It came into existence in 1934. After its takeover by the Government in 1960, Mazagon grew to emerge as the premier war-shipbuilding yard in India.

Disclaimer: The stock has been picked from the brokerage report of Mehta Equities. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.