Mazagon Dock Dividend 2025 After 2:1 Stock Split: Shares Down 29% From Peak; BUY Before Record Date?

Mazagon Dock Shipbuilders, the PSU defence giant, has fixed September 19 as the record date for its final dividend for FY25. Mazagon Dock shares today are under pressure and have slipped about 0.61% so far. As the record date of the Mazagon Dock dividend approaches, some fresh buying activity may be seen in the stock, which is already down about 29.29% from its 52-week high of Rs. 3,775 touched in May 2025.

Mazagon Dock Dividend details

In an exchange filing, the company said, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, 19 September 2025, as the record date for the purpose of determining the eligible shareholders entitled to receive the Final Dividend for the Financial Year 2024-25. The Final Dividend, if declared at the AGM, will be paid within a stipulated period of 30 days from the conclusion of the AGM," the firm said in an exchange filing.

Earlier this year in April, Mazagon Dock announced an interim dividend of Rs. 3 per share. Last year in 2024 as well, the PSU defence company rewarded its shareholders with an interim dividend of Rs. 23.19 per share in October and a final dividend of Rs. 12.11 per share in September.

Mazagon Dock Share Price Today and Q1 FY26 Results

Mazagon Dock Shipbuilders Ltd shares were trading at Rs. 2,672.80 on Friday, September 5, 2025, down 0.28% intraday at the time of writing. The stock has lost 3.01% in the last five days and nearly 19% in the past six months, though it has still delivered a massive 3,075% return over the last five years. Currently, Mazagon Dock shares are trading 29.29% below their 52-week high.

Brokerage firm Antique Stock Broking Limited, in its report dated September 3rd, is bullish on the stock, maintaining a BUY rating with a target price (TP) of Rs. 3,858.

"We maintain our earnings estimates and BUY rating with a TP of INR 3,858 (same as earlier) at a target P/E multiple of 44x 1HFY28 core earnings (earlier 47x FY28 core earnings)." the report mentioned.

On July 28, 2025, Mazagon Dock Shipbuilders declared its Q1 FY26 results. The company's net profit fell 35% YoY to Rs. 452 crore compared to Rs. 696 crore in the same quarter last year. However, revenue rose 11.4% YoY to Rs. 2,625.5 crore, mainly because of the ongoing defence and shipbuilding contracts.

Despite revenue growth, profitability took a hit as EBITDA dropped 53% YoY to Rs. 301 crore, while operating margin slipped to 11.4% from 27.4% a year earlier.

In its FY25 annual report, the company reported its major developments, including the expansion of shipbuilding capacity, near-target production achievements, and increased collaboration with defence start-ups under new initiatives.

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