Mazagon Dock to Declare Interim Dividend Today Amid OFS Update

Navratna PSU Mazagon Dock Shipbuilders is in focus as its board meets today, April 8, 2025, to decide on the declaration of a second interim dividend for the financial year 2024-25.

Board Meeting for Interim Dividend

In a regulatory filing on March 28, 2025, Mazagon Dock Shipbuilders informed the stock exchanges that its Board of Directors would meet to consider the second interim dividend for the financial year.

Know More ITR Filing 2025: 5 Important Things to Do Before Filing Online.

Mazagon Dock’s Dividend History

If approved, this will be the second interim dividend by the company in FY25. Earlier, Mazagon Dock had declared an interim dividend of ₹23.19 per share, with a record date of October 30, 2024.

According to reports, the company has announced 9 dividends since February 2021. In the past 12 months, Mazagon Dock has paid ₹35.30 per share as dividends, offering a dividend yield of 1.52% at its current market price.

Recent Offer for Sale (OFS) by the Government

Mazagon Dock recently completed a 2-day Offer for Sale (OFS), where its promoter, the Government of India, planned to sell a 2.83% stake with an option to sell an additional 2% stake if demand was high.

After exercising the oversubscription option, the total OFS size increased to 1,61,80,354 shares, representing 4.01% of the company’s total shares. The floor price was set at ₹2,525 per share.

OFS Subscription Details

• April 4, 2025: The OFS opened for non-retail investors, and their quota was fully subscribed by the end of the day.
• April 7, 2025: The OFS opened for retail investors, employees, and non-retail investors who carried forward their unallotted bids from April 4. However, the retail portion saw a low response, with only 1,127 shares subscribed, covering just 0.07% of the retail offer size.

With the dividend announcement expected today, investors will be closely watching Mazagon Dock’s stock performance.

About Mazagon Dock Shipbuilders Limited

Mazagon Dock Shipbuilders, located in Mazagaon, Mumbai, specialises in constructing warships and submarines for the Indian Navy, along with offshore platforms and support vessels for oil drilling.

As of April 8, 2025, at 10:06 AM IST, Mazagon Dock Shipbuilders share price is trading at ₹2,379.15, up by ₹61.85 or 2.67% for the day. The stock opened at ₹2,410.00 and recorded a high of ₹2,447.55 and a low of ₹2,372.00. The company’s market capitalisation 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 52 weeks, the stock has reached a high of ₹2,930.00 and a low of ₹1,045.00.

Conclusion

With the interim dividend decision expected today, Mazagon Dock Shipbuilders remains in focus. Investors will watch for updates on payouts and stock movements. 

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