Imagine getting paid just for owning a piece of a company—that’s what dividends from Maharashtra Scooters Ltd (MSL) can do for you! MSL, listed on BSE (500266) and NSE (MAHSCOOTER), is a Bajaj Group star known for its reliable and high Maharashtra Scooters dividend payouts. Originally a scooter manufacturer, MSL now focuses on auto components and investments in Bajaj Group companies, generating steady cash to reward shareholders.
What is a Dividend?
A dividend is like a thank-you gift from a company to its shareholders. When MSL earns profits, it shares a part of that money with you, based on how many shares you own. For example, if MSL pays a ₹60 dividend per share and you own 50 shares, you get ₹3,000 deposited in your bank account.
Why Do Companies Pay Dividends?
Companies like MSL pay dividends to:
- Reward shareholders for trusting them with their money.
- Show they’re financially strong and have extra cash after running the business.
- Attract investors who love steady income.
Types of Dividends
- Final Dividend: Paid once a year after the company finalizes its profits (e.g., MSL’s ₹30 final dividend for FY25).
- Interim Dividend: Paid during the year before annual results (e.g., MSL’s ₹110 interim dividend in June 2024).
- Special Dividend: A one-time bonus when the company has extra cash (e.g., MSL’s ₹30 special dividend for FY25).
Why Dividends Matter
Dividends are a fantastic way to earn passive income—you get paid without selling your shares. For retirees or anyone seeking financial stability, Maharashtra Scooters dividend can be a game-changer.
Source: Moneycontrol Dividend Basics
Maharashtra Scooters Dividend History
MSL has been paying dividends every year since its IPO in 1977-78, making it a reliable choice for income-focused investors. Here’s a look at its recent Maharashtra Scooters dividend history, pulled from BSE and NSE data up to April 2025:
| Year | Dividend Per Share (₹) | Type | Record Date | Ex-Date | Dividend Yield (%) |
|---|---|---|---|---|---|
| 2025 | 30 (Final) + 30 (Special) | Final + Special | 27-Jun-2025 | 26-Jun-2025 | 1.48% |
| 2024 | 110 (Interim) + 60 (Final) | Interim + Final | 25-Sep-2024, 28-Jun-2024 | 24-Sep-2024, 27-Jun-2024 | 2.53% |
| 2023 | 160 (Final) | Final | 28-Jun-2023 | 27-Jun-2023 | 3.67% |
| 2022 | 80 (Final) | Final | 29-Jun-2022 | 28-Jun-2022 | 2.10% |
| 2021 | 50 (Final) | Final | 30-Jun-2021 | 29-Jun-2021 | 1.50% |
- Total Dividend (FY25): ₹60 per share (₹30 final + ₹30 special).
- 5-Year Dividend Growth (CAGR): From ₹50 in 2021 to ₹60 in 2025, a growth rate of about 3.7% per year.
- Dividend Yield (2025): 1.48% at a share price of ₹11,660 (April 2025).
- Payout Ratio: 119.3%, meaning MSL pays out more than its earnings, using cash reserves.
Fun Fact: In FY24, MSL paid ₹170 per share, one of the highest in its history, showing its commitment to shareholders.
Sources: BSE Announcements, NSE Dividend History, Moneycontrol, Trendlyne
Why Maharashtra Scooters Pays High Dividends?
MSL’s ability to pay generous Maharashtra Scooters dividends comes from its unique setup. Let’s break it down:
Solid Business Model
- MSL is an unregistered Core Investment Company (CIC), with 90% of its assets invested in Bajaj Group companies like Bajaj Auto and Bajaj Finance. These investments generate steady income.
- It also manufactures auto components (like dies and jigs for two- and three-wheelers), adding to its revenue. In FY25, MSL earned ₹183.33 crore in revenue and ₹214.35 crore in profit.
Bajaj Group Connection
- As a subsidiary of Bajaj Holdings and Investment Ltd (51% promoter stake), MSL gets stable income from its investments in Bajaj Group companies, which fuels its dividend payouts.
Surplus Cash, No Big Expansion
- Unlike companies that pour money into new projects, MSL focuses on its core operations and investments. This leaves plenty of cash for dividends.
Zero Debt, Stable Earnings
- MSL has been debt-free for the last five years, reducing financial stress and ensuring profits are available for shareholders.
- Even with a revenue drop of 17.69% in FY25, its net profit grew 7.55% to ₹214.35 crore, thanks to investment income.
Expert Take on Dividend Sustainability
- Analysts say MSL’s high payout ratio (119.3%) is manageable because of its cash reserves and low costs. However, some caution that relying on reserves (95.7% cash payout ratio) could limit future growth if investments underperform.
Sources: Screener, Economic Times, Simply Wall St
How to Become Eligible for Maharashtra Scooters Dividend?
Want to cash in on Maharashtra Scooters dividend? Here’s how to make sure you’re eligible:
- Buy Shares Before the Ex-Date: Purchase MSL shares on BSE (500266) or NSE (MAHSCOOTER) before the ex-dividend date (e.g., 26-Jun-2025 for FY25’s final/special dividend).
- Hold Shares on the Record Date: Your shares must be in your demat account by the record date (27-Jun-2025). This is when MSL checks who gets the dividend.
- Get Paid on the Payout Date: The dividend is credited to your Aadhaar-linked bank account (linked to your demat) around 27–28 July 2025.
Example
- What You Do: Buy 100 MSL shares on 24-Jun-2025 at ₹11,660 each.
- Ex-Date: 26-Jun-2025 (you qualify because you bought before).
- Record Date: 27-Jun-2025 (you hold the shares).
- Dividend: ₹60 per share (₹30 final + ₹30 special).
- Payout: You get ₹6,000 (100 × ₹60) in your bank by 28-Jul-2025.
Tip: Use a demat account with brokers like Zerodha or Upstox for easy buying and automatic dividend crediting.
Source: BSE Announcements, NSE
Is Maharashtra Scooters a Good Dividend Stock? (With Analysis)
Is Maharashtra Scooters dividend worth chasing? Let’s analyze it with key metrics:
Dividend Yield Comparison
- MSL’s 2025 yield is 1.48% (₹60/₹11,660), lower than high-yield stocks like Coal India (~5%) but competitive for auto component firms. Bajaj Finance offers ~2.5%, but MSL’s stability stands out.
Dividend Payout Ratio
- At 119.3%, MSL pays more than its earnings, dipping into cash reserves. This is sustainable for now due to its strong balance sheet but could be risky if profits drop.
5-Year Dividend Growth (CAGR)
- Dividends grew from ₹50 (2021) to ₹60 (2025), a 3.7% CAGR. This steady growth is appealing for income-focused investors.
Price Stability and Returns
- Stability: MSL’s weekly volatility is 6%, lower than many midcap stocks, making it a safer bet.
- Returns: Over 3 years, MSL delivered a 194.47% return, far outpacing the Nifty Midcap 100’s 91.28%. This combines dividend income with share price growth.
Analyst Views
- MSL scores high for earnings consistency (EPS Rank 94, RS Rating 87 per O’Neil Methodology). However, limited analyst coverage (only one analyst) and a high P/E ratio (60.1) suggest it’s pricey compared to peers (median P/E 34.01).
Verdict: MSL is great for steady dividends and moderate growth but may not suit investors chasing high capital gains.
Sources: Simply Wall St, 5paisa, Economic Times
How Much Tax Do You Pay on Dividend Income in India? (2025)
Earning Maharashtra Scooters dividend is awesome, but you’ll need to pay taxes. Here’s the lowdown:
TDS Rules
- If your total dividends exceed ₹5,000 in a year, 10% Tax Deducted at Source (TDS) is withheld.
- Example: You earn ₹10,000 from MSL dividends (167 shares × ₹60). TDS of ₹1,000 is deducted, so you get ₹9,000.
- Avoiding TDS: If your income is below the taxable limit, submit Form 15G (general) or Form 15H (senior citizens) to your broker or MSL’s registrar.
Filing Your ITR
- Report dividends under “Income from Other Sources” in ITR-1 or ITR-2.
- Use Form 26AS to claim credit for the TDS deducted.
- Example: For ₹10,000 dividend, report ₹10,000 in your ITR, claim ₹1,000 TDS, and pay extra tax if your income slab is higher than 10%.
Tips for Senior Citizens
- If you’re 60+ and your income is below ₹3 lakh (old tax regime), use Form 15H to skip TDS.
- File ITR-1 (Sahaj) if your total income is under ₹50 lakh.
- Talk to a tax advisor if dividends push you into a higher tax bracket.
Source: Income Tax Department
Where to Check Maharashtra Scooters Dividend Updates?
Stay on top of Maharashtra Scooters dividend announcements with these sources:
- BSE Stock Page: https://www.bseindia.com/stock-share-price/mah-scooters-ltd/500266/ for real-time updates.
- NSE Stock Page: https://www.nseindia.com/get-quotes/equity?symbol=MAHSCOOTER for dividend news.
- Company Website: www.mahascooters.com for annual reports and investor updates.
- Financial Platforms: Moneycontrol, Screener, Trendlyne for quick dividend alerts.
Tip: Subscribe to BSE/NSE email alerts for instant dividend notifications.
Sources: Maharashtra Scooters Investor Relations, BSE
How to Check Past Dividend Records Easily?
Want to dig into MSL’s Maharashtra Scooters dividend history? Here’s how:
- BSE Corporate Filings: Visit https://www.bseindia.com/corporates/corporate_actions.aspx?scode=500266 and filter by “Dividend” for past records.
- NSE Dividend History: Check https://www.nseindia.com/products/content/equities/corporate_info/dividend.htm for historical payouts.
- MSL Investor Relations: www.mahascooters.com has unpaid dividend registers and IEPF details.
- Financial Platforms: Moneycontrol and Trendlyne list dividends (e.g., 6 dividends since 2022, totaling ₹170 in FY24).
Pro Tip: On BSE, take a screenshot of the dividend history for your records or download it as a PDF.
Who Should Invest in Maharashtra Scooters for Dividends?
Maharashtra Scooters dividend is a great fit for:
- Long-Term Investors: Those wanting steady dividends and decent growth (194.47% 3-year return).
- Retirees: Senior citizens seeking reliable passive income from a debt-free company.
- Low-Risk Investors: People who prefer stability over high-risk, high-reward stocks.
Not Ideal For:
- Short-Term Traders: MSL’s focus on dividends doesn’t suit quick profit-seekers due to its 6% volatility.
- Growth Chasers: If you want rapid share price growth, MSL’s -17% revenue decline in FY25 might disappoint.
Source: Economic Times
Frequently Asked Questions (FAQ)
- Does Maharashtra Scooters pay dividends regularly?
Absolutely! MSL has paid dividends every year since 1977-78, including ₹60 per share in FY25. - What’s the dividend yield for 2025?
It’s 1.48% (₹60/₹11,660) as of April 2025. - When’s the record date for the latest dividend?
The record date for FY25’s final and special dividend is 27-Jun-2025. - How do I claim dividends if I use Zerodha or Upstox?
Link your bank account to your demat account. Dividends are automatically credited on the payout date (27–28 Jul-2025) if you hold shares on the record date. - Are Maharashtra Scooters dividends taxable?
Yes, dividends above ₹5,000 face 10% TDS. Report them under “Income from Other Sources” in your ITR. Use Form 15G/15H to avoid TDS if your income is low.
Sources: BSE, Income Tax Department
Disclaimer
This guide is for educational purposes only and not investment advice. Stock market investments, including Maharashtra Scooters dividend, carry risks. Always check company documents and consult a financial advisor before investing. Data is accurate as of April 2025, sourced from BSE, NSE, and other reliable platforms. Past performance doesn’t guarantee future results.
