Industrial Manufacturing
Past Returns: Outperforming stock! In past three years, the stock has provided 73% return compared to 12.5% by NIFTY 50.
Profitability: Recent profitability of 14% is a good sign.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Balance Sheet: Reasonably good balance sheet.
Growth: Good revenue growth. With 52.9% growth over past three years, the company is going strong.
Smart Money: Smart money looks to be reducing their stake in the stock.
Momentum: Stock is suffering a negative price momentum. Stock is down -8% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Valuation | |
|---|---|
| Market Cap | 41.77 kCr |
| Price/Earnings (Trailing) | 54.97 |
| Price/Sales (Trailing) | 7.62 |
| EV/EBITDA | 35.1 |
| Price/Free Cashflow | -67.41 |
| MarketCap/EBT | 40.73 |
| Enterprise Value | 42.26 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 5.48 kCr |
| Rev. Growth (Yr) | 0.10% |
| Earnings (TTM) | 759.53 Cr |
| Earnings Growth (Yr) | -43.1% |
Profitability | |
|---|---|
| Operating Margin | 19% |
| EBT Margin | 19% |
| Return on Equity | 13.33% |
| Return on Assets | 5.33% |
| Free Cashflow Yield | -1.48% |
Growth & Returns | |
|---|---|
| Price Change 1W | -1.8% |
| Price Change 1M | -8% |
| Price Change 6M | -25.9% |
| Price Change 1Y | -1.2% |
| 3Y Cumulative Return | 73% |
| 5Y Cumulative Return | 53.2% |
| 7Y Cumulative Return | 35.4% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | 538.05 Cr |
| Cash Flow from Operations (TTM) | -297.1 Cr |
| Cash Flow from Financing (TTM) | -276.69 Cr |
| Cash & Equivalents | 107.59 Cr |
| Free Cash Flow (TTM) | -700.23 Cr |
| Free Cash Flow/Share (TTM) | -26.62 |
Balance Sheet | |
|---|---|
| Total Assets | 14.25 kCr |
| Total Liabilities | 8.56 kCr |
| Shareholder Equity | 5.7 kCr |
| Current Assets | 10.34 kCr |
| Current Liabilities | 7.95 kCr |
| Net PPE | 3.16 kCr |
| Inventory | 2.16 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.04 |
| Debt/Equity | 0.1 |
| Interest Coverage | 17.67 |
| Interest/Cashflow Ops | -5.73 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 9.75 |
| Dividend Yield | 0.61% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Updated May 5, 2025
Cochin Shipyard's stock has declined by 3.70% to Rs 1,591.75, raising concerns among investors.
The company has experienced a decrease in mutual fund and foreign institutional investor holdings, which may indicate a loss of confidence.
Cochin Shipyard's TTM P/E ratio of 50.69 is considerably higher than the sector average of 28.71, potentially signaling overvaluation.
Cochin Shipyard has shown a yearly increase of 3.42%, indicating some resilience in its stock performance.
Over the last five days, the stock has risen by 7.11%, suggesting short-term strength.
Among analysts covering Cochin Shipyard, one has rated it a strong buy and another a buy, reflecting positive market sentiment.
General • 06 Dec 2025 Please refer the attachment. |
General • 29 Nov 2025 Disclosure pursuant to Regulation 30 of the SEBI LODR Regulations |
General • 13 Nov 2025 Please refer attachment. |
General • 12 Nov 2025 Please refer the attachment |
General • 31 Oct 2025 Please refer the attachment |
Change in Management • 18 Oct 2025 Please refer attachment. |
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 • 14 Oct 2025 Please refer attachment |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Summary of Cochin Shipyard's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
In the conference call for Cochin Shipyard Limited's Q1 FY26 results, management provided an optimistic outlook, focusing on several growth initiatives and financial achievements. The company reported a turnover of Rs.1,068.59 crores, a significant rise from Rs.771.47 crores in Q1 FY25. The profit before tax also increased to Rs.249.54 crores from Rs.235.82 crores, while profit after tax rose to Rs.187.82 crores compared to Rs.174.23 crores in the prior year. The EBITDA margin stood at 28% and the PAT margin at 18%.
Management emphasized a robust order book of approximately Rs.21,100 crores, with a shipbuilding order book of Rs.19,600 crores, encompassing 75 vessels at various stages of production. Additionally, CSL highlighted collaborations through MoUs with industry leaders such as Drydocks World UAE and HD KSOE of South Korea, aimed at enhancing ship repair capabilities and shipbuilding productivity, which aligns with the Maritime India Vision 2030.
Looking forward, the management guided a top-line growth of 14%-15% for FY26 and a PAT margin target of 15%. They disclosed plans to leverage the newly operational International Ship Repair Facility (ISRF) and a 310-meter dry dock, aiming for an anticipated revenue from ISRF of around Rs.250 crores in the first 18-24 months, scaling up to Rs.600 crores thereafter. Management expects continued solid financial performance, although they indicated that margins may normalize due to a lack of large-scale repairs similar to previous years.
Last updated:
Question: "Are you planning to build a full digital shipyard model with AI and smart sensors to reduce build time?"
Answer: We will invest in modern systems, especially on the engineering side, but we are not moving into a fully smart shipyard model. We will adopt technology selectively where required.
Question: "How do you decide where to invest, balancing short-term profits with long-term growth?"
Answer: We have a long-term plan aligned with our 2030 and 2047 goals. Investment priorities are set based on sector merits, ensuring a balance between innovation and profitability.
Question: "What stage are we at with the HD KSOE and Drydocks partnerships and their potential revenue?"
Answer: The engagement with HD KSOE focuses on merchant shipbuilding through our new dry dock, aiming for a comprehensive long-term cooperation. Initial revenue will mature in 3-5 years; specifics are yet to be defined.
Question: "What is the status of the defense order pipeline and IAC-2 developments?"
Answer: There's a robust pipeline with projects in various bidding stages. However, there are no significant updates on IAC-2 at this time.
Question: "What are the margin expectations for the ship repair and shipbuilding segments this year?"
Answer: We expect ship repair margins to be lower than last year's peak due to the absence of large projects like aircraft carriers, projecting around Rs.1,500 crores in revenue; shipbuilding margins are typically around 10-12%.
Question: "Will there be further CAPEX needed for the new JVs with HD KSOE and Drydocks?"
Answer: Yes, HD KSOE will involve CAPEX for new facilities, while Drydocks won't require further investment initially as we expand existing capabilities.
Question: "What growth do you expect in FY26?"
Answer: We anticipate a revenue growth of approximately 14-15% for FY26, supported by our strong order book.
Question: "What are your utilization rates for the new dry dock and ISRF?"
Answer: Currently, 14 ships are being repaired at ISRF, which has a capacity of 82 vessels annually. The new dry dock is also in use but we cannot specify a utilization percentage currently.
Question: "How will the Maritime Development Fund impact future projects?"
Answer: The fund is designed to support shipbuilding and maritime ventures but specifics are not yet clear. We're considering how to integrate it into our financial plans.
Question: "What profitability profile do you see between domestic and export orders?"
Answer: We regularly assess profitability through detailed financial metrics. Exports are a strategic focus, especially in collaboration with global partners, enhancing overall operational prospects.
Analysis of Cochin Shipyard's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Ship building | 60.9% | 759 Cr |
| Ship Repair | 28.9% | 359.6 Cr |
| Unallocated | 10.2% | 127.3 Cr |
| Total | 1.2 kCr |
Understand Cochin Shipyard ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Nippon Life India Trustee Ltd-A/C Nippon India Nifty Midcap 150 Index Fund | 1.59% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Cochin Shipyard against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| LT | Larsen & Toubro | 5.63 LCr | 2.76 LCr | +2.20% | +5.30% | 34.32 | 2.04 | - | - |
| HAL | Hindustan Aeronautics | 2.89 LCr | 35.02 kCr | -8.60% | -7.40% | 34.13 | 8.25 | - | - |
| BEL | Bharat Electronics | 2.86 LCr | 25.85 kCr | -8.50% | +23.80% | 50.16 | 11.05 | - | - |
| MAZDOCK | Mazagon Dock Shipbuilders | 98.74 kCr | 13.03 kCr | -12.00% | +0.90% | 42.31 | 7.58 | - | - |
| BDL | Bharat Dynamics | 51.41 kCr | 3.76 kCr | -13.10% | +11.20% | 91.73 | 13.68 | - | - |
| GRSE | Garden Reach Shipbuilders & Engineers | 26.92 kCr | 6.23 kCr | -18.90% | +36.60% | 43.67 | 4.32 | - | - |
Comprehensive comparison against sector averages
COCHINSHIP metrics compared to Industrial
| Category | COCHINSHIP | Industrial |
|---|---|---|
| PE | 55.37 | 44.96 |
| PS | 7.68 | 4.33 |
| Growth | 19.6 % | 8.4 % |
Cochin Shipyard is a prominent Ship Building & Allied Services company based in Ernakulam, India. With the stock ticker COCHINSHIP, it boasts a market capitalization of Rs. 39,517.4 Crores.
The company specializes in the shipbuilding and repair of a variety of vessels, including:
In addition to its shipbuilding capabilities, Cochin Shipyard provides comprehensive ship repair services and undertakes maintenance for defense and commercial vessels, as well as oil rig upgrading and conversion projects. The company also offers marine engineering training services.
Founded in 1969, Cochin Shipyard has achieved a trailing 12 months revenue of Rs. 4,660.4 Crores and has demonstrated solid profitability, recording a profit of Rs. 799 crores in the last four quarters. Over the past three years, it has experienced a commendable revenue growth of 42.2%.
For investors, Cochin Shipyard distributes dividends with a yield of 0.65% per year, having returned Rs. 9.75 per share over the last 12 months.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
COCHINSHIP vs Industrial (2021 - 2025)