Mazagon Dock Shipbuilders Limited (NSE: MAZDOCK), a premier defence public sector undertaking, has announced its 2nd Interim Dividend of ₹3 per equity share (of face value ₹5 each) for the financial year 2024-25. This decision was approved in the board meeting held on April 8, 2025.
Shareholders whose names appear in the register or records of the depositories as of the Record Date will be eligible to receive the dividend.
Mazagon Dock Shipbuilders has demonstrated a strong dividend-paying track record, highlighting its consistent financial performance. In recent years, the company has regularly announced both interim and final dividends.
Notably, it declared an interim dividend of ₹23.19 in October 2024 and a final dividend of ₹12.11 in May 2024. This trend of rewarding shareholders is evident from past payouts, including ₹15.34 (interim) in November 2023 and ₹6.86 (final) in May 2023, reinforcing its commitment to shareholder returns.
Mazagon Dock reported a 14% year-on-year increase in turnover, reaching approximately ₹10,775.34 crore in FY25, compared to ₹9,466.58 crore in FY24.
The company’s board has also appointed Ruchir Agrawal, Director (Finance), as the new Chief Financial Officer (CFO).
As of 09 April 2025, shares of Mazagon Dock Shipbuilders Limited were trading lower, with the stock declining by 2.06% to reach ₹2,310.05 at 9:55 AM on the NSE.
The previous close was ₹2,358.70, while the stock opened at ₹2,365.00 and hit an intraday high of ₹2,370.00 before dipping to a low of ₹2,290.95.
Read More: Upcoming Dividends in April 2025: Varun Beverages, RailTel Corp, MSTC & More.
Mazagon Dock Shipbuilders continues to showcase strong financial health and a commitment to rewarding shareholders through consistent dividend payouts. With robust turnover growth and strategic leadership appointments, the company remains a key player in the defence manufacturing sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 9, 2025, 10:03 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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