September 2025 is shaping up to be an eventful month for investors in India’s defence and allied sector, with five listed companies—Apollo Micro Systems, Cochin Shipyard, Garden Reach Shipbuilders & Engineers (GRSE), Bharat Dynamics, and Mazagon Dock Shipbuilders—set to trade ex-dividend. The payouts reflect not only the sector’s strong financial performance but also its growing strategic importance in India’s defence ecosystem.
Apollo Micro Systems
- Ex-dividend date: September 8, 2025
- Dividend declared: ₹0.25 per share (final dividend)
- Stock performance: Apollo Micro has been one of the market’s star performers in 2025. The stock has gained 13% in five days, 70% in one month, and 150% year-to-date (YTD), hitting a 52-week high of ₹321. The dividend is modest, but the sharp stock rally has delivered robust returns to investors.
Cochin Shipyard
- Ex-dividend date: September 12, 2025
- Dividend declared: ₹2.25 per share (final dividend)
- Stock performance: Up 2% in five days and 27% in six months, though only 5% in 2025. The dividend provides an attractive payout as the company continues to expand its shipbuilding and repair operations, including key defence and commercial projects.
Garden Reach Shipbuilders & Engineers (GRSE)
- Ex-dividend date: September 12, 2025
- Dividend declared: ₹4.90 per share (final dividend)
- Stock performance: Gained 2% in five days but dipped 4% over the past month. Despite this, GRSE has delivered a solid 47% gain YTD and touched a 52-week high of ₹3,538.40. The high dividend per share underscores the company’s healthy cash flows and shareholder-friendly policy.
Bharat Dynamics Ltd (BDL)
- Ex-dividend date: September 19, 2025
- Dividend declared: ₹0.65 per share (final dividend)
- Stock performance: Up 1% in five days, down 3% over a month, but showing strength with 27% gains in six months and 28% in 2025. It also reached a 52-week high of ₹2,096.60. The company continues to benefit from India’s defence modernization and export opportunities.
Mazagon Dock Shipbuilders
- Ex-dividend date: September 19, 2025
- Dividend declared: ₹2.71 per share
- Stock performance: Rose 3% in five days, 2% in a month, and 16% in six months, with a 19% gain YTD. Mazagon Dock remains a key beneficiary of India’s naval expansion strategy and sustained defence spending.
Summary
September 2025 is a dividend-heavy month for defence sector investors, with payouts ranging from ₹0.25 (Apollo Micro) to ₹4.90 (GRSE). Together, these dividends reflect the sector’s strong financial health, government focus on self-reliance in defence, and rising investor confidence. Shareholders who held these stocks before the record dates will soon benefit from both steady dividend income and the potential for long-term capital appreciation.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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