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Mazagon Dock ShipbuildersNSE:MAZDOCK -0.78%93 Dividend Payout Ratio is 0.45 as of Mar. 2026, which is 73% above its 10-year median of 0.26. GuruFocus rates NSE:MAZDOCK with a GF Score™ of 93/100 and a GF Value™ of ₹2,812.57 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 154 Aerospace & Defense companies, Mazagon Dock Shipbuilders ranks better than 62.34% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Mazagon Dock Shipbuilders's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.45.
The historical rank and industry rank for Mazagon Dock Shipbuilders's Dividend Payout Ratio or its related term are showing as below:
NSE:MAZDOCK'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.26 Max: 0.3
Current: 0.28
During the past 10 years, the highest Dividend Payout Ratio of Mazagon Dock Shipbuilders was 0.30. The lowest was 0.18. And the median was 0.26.
NSE:MAZDOCK's Dividend Payout Ratio is ranked better than 62.34% of 154
companies
in the Aerospace & Defense industry
Industry Median: 0.33
vs NSE:MAZDOCK: 0.28
During the past 10 years, the highest Trailing Annual Dividend Yield of Mazagon Dock Shipbuilders was 5.93%. The lowest was 0.39%. And the median was 0.83%.
During the past 12 months, Mazagon Dock Shipbuilders's average Dividends Per Share Growth Rate was 8.80% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 53.00% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 52.00% per year.
During the past 10 years, the highest 3-Year average Dividends Per Share Growth Rate of Mazagon Dock Shipbuilders was 60.10% per year. The lowest was 53.00% per year. And the median was 58.10% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Mazagon Dock Shipbuilders (NSE:MAZDOCK) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Mazagon Dock Shipbuilders Dividend Payout Ratio Related Terms
Mazagon Dock Shipbuilders Dividend Payout Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mazagon Dock Shipbuilders Dividend Payout Ratio Chart
NSE:MAZDOCK vs SPCX, GE, RTX: Dividend Payout Ratio Comparison
For the Aerospace & Defense subindustry, Mazagon Dock Shipbuilders's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mazagon Dock Shipbuilders Dividend Payout Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Mazagon Dock Shipbuilders's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Mazagon Dock Shipbuilders's Dividend Payout Ratio falls into.
Mazagon Dock Shipbuilders Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Mazagon Dock Shipbuilders's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mazagon Dock Shipbuilders (NSE:MAZDOCK) has a Dividend Payout Ratio of 0.45 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mazagon Dock Shipbuilders and its competitors. This is 73% above median its historical median of 0.26. Over the past decade, Mazagon Dock Shipbuilders' Dividend Payout Ratio has ranged from 0.18 to 0.30. According to the industry distribution chart, Mazagon Dock Shipbuilders ranks #58 out of 154 companies in the Aerospace & Defense industry, placing it in the top 37.7%.
Is Mazagon Dock Shipbuilders' Dividend Payout Ratio too high?
Mazagon Dock Shipbuilders' current Dividend Payout Ratio of 0.45 is 73% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.30. The Aerospace & Defense industry median Dividend Payout Ratio is 0.33. Mazagon Dock Shipbuilders' value of 0.45 is 36.4% above this industry median. Based on the distribution chart, Mazagon Dock Shipbuilders ranks #58 out of 154 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Mazagon Dock Shipbuilders has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazagon Dock Shipbuilders' Dividend Payout Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Mazagon Dock Shipbuilders ranks #58 out of 154 companies for Dividend Payout Ratio. This puts Mazagon Dock Shipbuilders in the upper half of its industry. The industry median Dividend Payout Ratio is 0.33. Mazagon Dock Shipbuilders' value of 0.45 is 36.4% above this benchmark. Historically, Mazagon Dock Shipbuilders' own Dividend Payout Ratio has ranged from 0.18 to 0.30 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.33, Mazagon Dock Shipbuilders has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Aerospace & Defense company?
The median Dividend Payout Ratio among Aerospace & Defense companies is 0.33, based on 154 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mazagon Dock Shipbuilders's current Dividend Payout Ratio of 0.45 is 36.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mazagon Dock Shipbuilders and its competitors. For the Aerospace & Defense industry, the median Dividend Payout Ratio is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazagon Dock Shipbuilders's current Dividend Payout Ratio is 0.45, which is 73% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazagon Dock Shipbuilders stock overvalued right now?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders (NSE:MAZDOCK) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,812.57, compared to a current price of ₹2,342.80 — trading 16.7% below its estimated fair value. The current Dividend Payout Ratio is 0.45, which is 73% above median its 10-year median of 0.26 and 36.4% above the Aerospace & Defense industry median of 0.33. Mazagon Dock Shipbuilders' overall GF Score™ is 93/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Mazagon Dock Shipbuilders (NSE:MAZDOCK), the current Dividend Payout Ratio is 0.45 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mazagon Dock Shipbuilders (NSE:MAZDOCK) Overvalued in 2026?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders stock appears to be undervalued.
The current stock price of ₹2,342.80 is trading 16.7% below its estimated GF Value™ of ₹2,812.57.
GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.
Key valuation signals for NSE:MAZDOCK:
Dividend Payout Ratio: 0.45 (73% above median its 10-year median of 0.26)
GF Value™: ₹2,812.57 vs. price of ₹2,342.80 (16.7% below fair value)
Industry Position: 36.4% above the Aerospace & Defense median (#58 of 154)
No single metric tells the full story. See the NSE:MAZDOCK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The company is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, ferries, tugs, dredgers, barges, submarines, merchant ships, etc., with facilities situated in Mumbai and Nhava. It also offers ship designing, ship repairs and refit, tug support, and other related services. The company is organized into two segments: Shipbuilding and Submarine (New Construction and Repairs) and others.
93GF Score
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