Mazagon Dock FY25 Revenue Crosses ₹10,000 Crore, Declares Second Interim Dividend

In a significant financial update, state-run defence player Mazagon Dock Shipbuilders Ltd has announced that its revenue for FY25 has crossed the ₹10,000 crore mark. The announcement came on April 8, 2025, along with news of the company’s second interim dividend, giving investors more reasons to track the Mazagon Dock share price closely.

Strong Revenue Growth in FY25

Mazagon Dock’s provisional revenue stood at ₹10,776 crore for the financial year 2025, marking a 12% increase compared to the previous year’s ₹9,466 crore. This growth figure also aligns with the company’s guidance of 10% to 12% revenue growth, shared during earlier interactions with business media.

The consistent performance reinforces Mazagon Dock’s position as a key player in India’s defence manufacturing sector. This growth is primarily driven by strong execution in shipbuilding contracts and a healthy order book from the Indian Navy.

Second Interim Dividend Declared

Along with its revenue announcement, the company also declared its second interim dividend of ₹3 per share. The record date for this dividend has been fixed as April 16, 2025. This move is expected to offer added value to shareholders amid market volatility and ongoing stake sale activity.

Government’s Stake Sale Through OFS

The stock has been in the spotlight following the government’s decision to offload 4.8% of its stake via an Offer For Sale (OFS). Before the OFS, the government held an 84.8% stake. If the full 4.8% is sold, it will bring the government’s holding down to 80%, still well above the 75% minimum required to comply with SEBI’s Minimum Public Shareholding (MPS) norms.

The non-retail portion of the OFS was subscribed 1.4 times on Friday, indicating strong institutional interest. However, retail subscription details are still awaited.

Mazagon Dock Share Price Update

Despite the OFS-related dip, the Mazagon Dock share price showed signs of recovery. As of April 8, 2025, at 03:30 PM IST, the stock was trading at ₹2,358.70, up by ₹41.40 or 1.79% for the day. It opened at ₹2,410.00 and touched an intraday high of ₹2,447.55. The stock has gained 6% so far in 2025.

Mazagon Dock’s market capitalisation now stands at ₹96,090 crore, with a price-to-earnings (P/E) ratio of 34.93 and a dividend yield of 0.74%. Over the past year, the stock has seen a high of ₹2,930.00 and a low of ₹1,045.00, showcasing strong investor interest and market performance.

Conclusion

Mazagon Dock’s robust revenue growth, stable dividend policy, and ongoing efforts to meet public shareholding norms make it a compelling stock to watch. With the Mazagon Dock share price showing resilience and the company continuing to deliver on its financial promises, investors have multiple reasons to stay optimistic about its future.

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.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.