Mazagon Dock shares soar 8% ahead of record date for interim dividend

Mazagon Dock shares soar 8% ahead of record date for payment of interim dividend

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26 Aug, 2025 12:21

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Shares of Mazagon Dock Shipbuilders rallied 8% on April 15 ahead of the PSU defence firm's record date for payment of interim dividend.

Last week, the company had announced April 16 as the record date for second interim dividend of FY25 of Rs 3 per share of face value of Rs 5.

At 10:07 am on April 15, Mazagon Dock shares on NSE were trading 8% higher at Rs 2,642 apiece. The 52-week low of the stock is Rs 1,045 and 52-week high is Rs 2,930. The market capitalisation of the stock is Rs 1.07 lakh crore.

The payment of second interim dividend shall be completed on or before May 7, 2025, the defence PSU firm had said.

Biju George, Chairman and Managing Director (CMD) of Mazagon Dock Shipbuilders Ltd, told NDTV Profit that he expects the company to sustain FY26 revenue, supported by its Rs 33,000-crore orderbook.

The company plans to execute Rs 10,000 crore worth of orders this year, including Rs 800 crore in export deals, while funding a Rs 5,000-crore capex through internal accruals.

"The company plans to execute Rs 10,000 crore worth of orders this year, including Rs 800 crore in export deals, while funding a Rs 5,000 crore capex through internal accruals," he said.

The government's 2.83% stake sale in Mazagon Dock Shipbuilders was over-subscribed by institutional investors earlier this month, who put in bids of about Rs 3,700 crore

The government was selling 1.14 crore equity shares or 2.83% stake in Mazagon Dock Shipbuilders at a floor price of Rs 2,525 per share.