Mazagon Dock shares fell as much as 10% to a low of ₹1,691 on the BSE on October 27, 2026, after the state-owned shipbuilder reported a 54% decline in quarterly profit attributable to owners. The company also declared an interim dividend of ₹5 per share.

Key Takeaways

  • Profit attributable to owners fell to ₹344 crore in the second quarter of FY27, from ₹749 crore a year earlier.
  • The dividend record date is November 3, with payment due by November 26, 2026.
  • A proposed increase in authorised share capital remains subject to government consent and shareholder approval.

Mazagon Dock shares fall as revenue declines

Revenue from operations fell 16.5% to ₹2,446 crore in the second quarter of FY27, from ₹2,929 crore in the corresponding quarter a year earlier. It was also down 17% from ₹2,942 crore in the preceding quarter.

The shares’ ₹1,691 intraday low followed the results; it was not identified as a closing price. The stock was down 30% since the beginning of 2026.

Dividend and capital proposal

The ₹5 interim dividend is for FY27 and applies to equity shares with a face value of ₹5 each. Mazagon Dock said payment would be completed on or before November 26, 2026.

The company proposed raising its authorised share capital to ₹900 crore from ₹323.72 crore. The proposal would comprise 180 crore shares of ₹5 each, compared with 64.744 crore shares currently.

The increase requires consent from the Department of Investment and Public Asset Management through the administrative ministry, as well as shareholder approval.

Credit facility for Colombo Dockyard

In a separate disclosure, Mazagon Dock said its board approved additional credit facilities of ₹1,250 crore from State Bank of India in Mumbai. The facilities are intended to issue a standby letter of credit in favour of SBI Sri Lanka for subsidiary Colombo Dockyard.

Mazagon Dock will bear the issuance charges, taxes and directly attributable costs, which Colombo Dockyard will reimburse with a 10% markup. If the subsidiary defaults on its bank guarantee, Mazagon Dock will be liable as the back-to-back standby letter of credit provider.

Next milestone

The next confirmed date is November 3, 2026, the record date for the interim dividend.

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