Mazagon Dock ShipbuildersNSE:MAZDOCK -0.82%91 Dividend Yield % is 0.66% as of Jun. 28, 2026, which is 23% below its 10-year median of 0.86. GuruFocus rates NSE:MAZDOCK with a GF Score™ of 91/100 and a GF Value™ of ₹2,810.83 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 170 Aerospace & Defense companies, Mazagon Dock Shipbuilders ranks worse than 61.76% on this metric.
The historical rank and industry rank for Mazagon Dock Shipbuilders's Dividend Yield % or its related term are showing as below:
NSE:MAZDOCK'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.39 Med: 0.86 Max: 5.93
Current: 0.66
During the past 10 years, the highest Dividend Yield of Mazagon Dock Shipbuilders was 5.93%. The lowest was 0.39%. And the median was 0.86%.
NSE:MAZDOCK's Dividend Yield % is ranked worse than 61.76% of 170
companies
in the Aerospace & Defense industry
Industry Median: 0.865
vs NSE:MAZDOCK: 0.66
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 Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, 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.
* 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.
NSE:MAZDOCK vs GE, RTX, BA: Dividend Yield % Comparison
For the Aerospace & Defense subindustry, Mazagon Dock Shipbuilders's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Mazagon Dock Shipbuilders's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Mazagon Dock Shipbuilders's Dividend Yield % falls into.
Mazagon Dock Shipbuilders Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Mazagon Dock Shipbuilders Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
INR 7.500000
2026-02-13
2026-02-13
2026-03-07
Cash Dividend
quarterly
INR:INR 1.000000
INR 6.000000
2025-11-04
2025-11-04
2025-11-26
Cash Dividend
semi-annually
INR:INR 1.000000
INR 2.710000
2025-09-19
2025-09-19
2025-10-24
Cash Dividend
semi-annually
INR:INR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* 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 Yield % of 0.66% as of Jun. 28, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Mazagon Dock Shipbuilders and its competitors. This is 23% below median its historical median of 0.86. Over the past decade, Mazagon Dock Shipbuilders' Dividend Yield % has ranged from 0.39 to 5.93. According to the industry distribution chart, Mazagon Dock Shipbuilders ranks #105 out of 170 companies in the Aerospace & Defense industry, placing it in the top 61.8%.
Is Mazagon Dock Shipbuilders' Dividend Yield % too high?
Mazagon Dock Shipbuilders' current Dividend Yield % of 0.66% is 23% below median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 5.93. The Aerospace & Defense industry median Dividend Yield % is 0.87. Mazagon Dock Shipbuilders' value of 0.66% is 23.7% below this industry median. Based on the distribution chart, Mazagon Dock Shipbuilders ranks #105 out of 170 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Mazagon Dock Shipbuilders has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazagon Dock Shipbuilders' Dividend Yield % compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Mazagon Dock Shipbuilders ranks #105 out of 170 companies for Dividend Yield %. This places Mazagon Dock Shipbuilders in the lower half of its industry. The industry median Dividend Yield % is 0.87. Mazagon Dock Shipbuilders' value of 0.66% is 23.7% below this benchmark. Historically, Mazagon Dock Shipbuilders' own Dividend Yield % has ranged from 0.39 to 5.93 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.87, Mazagon Dock Shipbuilders has consistently been below 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 Yield % for an Aerospace & Defense company?
The median Dividend Yield % among Aerospace & Defense companies is 0.87, based on 170 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mazagon Dock Shipbuilders's current Dividend Yield % of 0.66% is 23.7% below 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 Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Mazagon Dock Shipbuilders and its competitors. For the Aerospace & Defense industry, the median Dividend Yield % is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazagon Dock Shipbuilders's current Dividend Yield % is 0.66%, which is 23% below median its own 10-year median of 0.86. 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 ₹2,810.83, compared to a current price of ₹2,472.50 — trading 12% below its estimated fair value. The current Dividend Yield % is 0.66%, which is 23% below median its 10-year median of 0.86 and 23.7% below the Aerospace & Defense industry median of 0.87. Mazagon Dock Shipbuilders' overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Mazagon Dock Shipbuilders (NSE:MAZDOCK), the current Dividend Yield % is 0.66% as of Jun. 28, 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 ₹2,472.50 is trading 12% below its estimated GF Value™ of ₹2,810.83.
GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.
Key valuation signals for NSE:MAZDOCK:
Dividend Yield %: 0.66% (23% below median its 10-year median of 0.86)
GF Value™: ₹2,810.83 vs. price of ₹2,472.50 (12% below fair value)
Industry Position: 23.7% below the Aerospace & Defense median (#105 of 170)
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.
91GF Score
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