Mazagon Dock Dividend 2025: Multibagger Defence Stock Soars 164% in 1Y, Board to Consider 2nd Interim Payout!

Mazagon Dock Shipbuilders Ltd, a Navratna PSU and one of India's major defence shipyards, has announced a board meeting to deliberate on its second interim dividend for the financial year 2024-25. The meeting is scheduled for Tuesday, April 8, 2025.

Mazagon Dock's Dividend Announcement & History

In a recent exchange filing on March 28, Mazagon Dock Shipbuilders Ltd confirmed that its board of directors will potentially declare the 2nd interim dividend for its equity shareholders.

Mazagon Dock's dividend history is very strong, as the company has given us consistent dividend payouts recently. As per data from Trendlyne, the company has declared nine dividends since February 22, 2021. In the past 12 months alone, the company has distributed a total equity dividend of Rs.35.30 per share. Notably, in 2024, it announced a dividend of Rs. Rs.23.19 per share in October and Rs. 12.11 per share in September.

Mazagon Dock Share Price Performance

At the end of Friday's trading, shares of Mazagon Dock Shipbuilders Ltd on March 28 closed at Rs 2,643.35, slipping by a 2% decline from the previous close. This month the shares of this PSU defence stock surged 24%, and so far this year Mazagon Dock shares have jumped 17.79% so far this year. This multi-bagger PSU stock has gained 164% in one year and 3,045% in five years.

Mazagon Dock Share Price Target

As per reports which surfaced last week, the Defence Acquisition Council (DAC) has approved proposals worth Rs. 540 billion to strengthen the operational capabilities of the Indian Armed Forces, which is expected to create significant opportunities for domestic defence manufacturers. Mazagon Dock Shipbuilders Ltd. stands to benefit from increased defence spending, as noted by Antique Global. The broking firm has maintained a BUY rating on Mazagon Dock, with a target price of Rs. 2,757.

Mazagon Dock Shipbuilders Q3 FY25 Results

Mazagon Dock Shipbuilders Ltd. recorded a 33% year-on-year (YoY) increase in revenue from operations, reaching ₹3,143.62 crore, up from ₹2,362.47 crore in the same period last year. Total income also rose to ₹3,430 crore, compared to ₹2,631 crore.

The company's EBITDA surged 51.4% YoY to ₹817 crore, up from ₹539 crore, reflecting improved operational efficiency. The EBITDA margin expanded to 26%, compared to 23% in the previous year. Driven by strong revenue growth, Mazagon Dock's consolidated net profit increased 30% to ₹768.22 crore in Q3 FY25, up from ₹591.54 crore in the same quarter last year.

About Mazagon Dock Shipbuilder Ltd.

Mazagon Dock Shipbuilders Ltd. (MDL) is India's leading shipyard, specialising in the construction and repair of warships and submarines for the Indian Navy and offshore platforms for the oil sector. Founded in 1934 and headquartered in Mumbai, MDL is a key player in India's defence sector, known for its expertise in building stealth frigates, destroyers, and advanced submarines under strategic defence projects. The company also undertakes ship repairs, refits, and commercial vessel construction. With a strong legacy of innovation and excellence, Mazagon Dock plays a crucial role in strengthening India's maritime defence capabilities.

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