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Cochin Shipyard Limited COCHINSHIP NIFTY_MIDNSEDEFENCEINFRA

Industrials · Aerospace & Defense · India
https://cochinshipyard.in

Cochin Shipyard Limited, together with its subsidiaries, engages in the building and repair of ships and offshore structures in India and internationally. It operates through two segments, Shipbuilding and Ship Repair. The company offers shipbuilding products, including aircraft carriers, missile vessels, anti-submarine warfare shallow water crafts, technology demonstration vessels, floating border outpost vessels, fast patrol vessels, hydrographic survey vessels, offshore patrol vessels, and pollution control vessels for the defence market; oil tankers, bulk carriers, dredgers, pax vessels, tugs, special purpose vessels, deck cargo/jacket launch barges, electric autonomous vessels and passenger ferries, ro-pax vessels, specialised fishing vessels, marine ambulances, zero emission feeder container vessels, and commissioning and hybrid operation vessels for the commercial market; and platform supply vessels and anchor handling/tug supply vessels for the offshore market, as well as product carriers, high bollard pull tugs, air defence ships, and other vessels. It also provides ship repair services, such as maintenance and repair of aircraft carriers and other defense vessels, as well as tankers, bulk carriers, and other commercial and specialized vessels; oil rig upgradation, repair projects, and conversion services; and upgradation of ships for oil exploration, periodical maintenance, and life extension services. In addition, the company offers marine engineering training services. The company exports its products in the United Arab Emirates, Bahamas, Cyprus, Germany, Saudi Arabia, the Netherlands, Norway, the United States, and Liberia. Cochin Shipyard Limited was founded in 1969 and is based in Ernakulam, India.

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₹1,467.40
-25.41% 1Y

Market & Price

Market Cap
₹38,604.48 Cr
Current Price
₹1,467.40
High / Low (52W)
₹2,378.17 / ₹1,193.10
Beta
0.70

Valuation

Stock P/E
53.77
Industry PE
27.78
Forward P/E
34.93
PEG Ratio
-
Book Value
₹216.71
Price to Book
6.77
P/S
7.69
EV/EBITDA
46.67
Dividend Yield
0.90%

Profitability & Returns

ROCE
16.66%
ROE
12.52%
ROA
3.05%
Profit Margin
14.27%
Op Margin
18.71%
EPS (Latest Qtr)
₹10.51
EPS (TTM)
₹27.29

Balance Sheet & Liquidity

Debt/Equity
0.28
Quick Ratio
0.35
Current Ratio
1.33
Debt
₹1,671.75 Cr
Total Assets
₹14,530.65 Cr
Current Assets
₹10,621.60 Cr
Working Capital
₹2,640.41 Cr

Ownership

Promoter Holding
67.92%
Chg in Prom Hold
-
FII / Inst Holding
8.36%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹37,868.40 Cr
Total Revenue (TTM)
₹5,021.87 Cr
EBITDA
₹811.38 Cr
Free Cash Flow
₹1,064.16 Cr
Operating Cash Flow
₹-1,234.08 Cr
Shares Outstanding
₹26.31 Cr
Gross Margin
34.96%
Payout Ratio
35.79%

Growth (CAGR)

Revenue 5Y
29.38%
Profit 5Y
32.99%
Revenue (YoY)
-15.60%
Earnings (YoY)
-3.80%

PROS

  • Compounding revenue at 29.4% over 5 years.
  • Profit CAGR of 33.0% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading at a high P/E of 53.8.
  • Trading 38.3% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 COCHINSHIP Cochin Shipyard Limited NIFTY_MIDNSEDEFENCEINFRA 1,467.40 53.77 ₹38,604.48 Cr 0.90% 16.66% 12.52% 29.38% 32.99%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 4,076.50 34.84 ₹5.61 L Cr 0.93% 14.55% 16.95% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,804.60 30.96 ₹4.16 L Cr 0.42% 11.02% 15.59% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,303.80 31.55 ₹2.88 L Cr 1.16% 13.80% 23.98% 7.87% 16.08%
5 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 38,445.00 172.41 ₹1.71 L Cr 0.02% 24.92% 21.04% 22.24% 119.12%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,405.00 - ₹1.70 L Cr 0.24% 15.53% - 44.12% 72.60%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,881.00 68.97 ₹1.63 L Cr 1.12% 34.95% 29.45% 16.07% 24.35%
8 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 917.45 118.99 ₹1.44 L Cr 0.14% 19.35% 19.56% 21.67% 7.81%
9 POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA 9,477.50 53.48 ₹1.43 L Cr 0.37% 30.44% 24.58% 26.57% 28.11%
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Quarterly Results

Figures in INR.

Metric Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 1,757.65 Cr1,068.59 Cr1,118.59 Cr1,350.41 Cr1,484.28 Cr
Cost of Revenue 1,218.56 Cr725.82 Cr941.94 Cr1,047.33 Cr1,153.35 Cr
Gross Profit 539.09 Cr342.78 Cr176.65 Cr303.08 Cr330.93 Cr
Operating Expenses 300.40 Cr135.39 Cr133.89 Cr149.41 Cr53.16 Cr
Operating Income 238.69 Cr207.38 Cr42.76 Cr153.68 Cr277.77 Cr
EBITDA 395.83 Cr261.71 Cr170.06 Cr224.82 Cr434.82 Cr
Interest Expense 11.76 Cr12.17 Cr20.15 Cr28.04 Cr32.25 Cr
Pretax Income 384.07 Cr249.54 Cr149.91 Cr196.78 Cr402.58 Cr
Tax Provision 96.88 Cr61.71 Cr42.38 Cr52.11 Cr126.09 Cr
Net Income 287.19 Cr187.83 Cr107.53 Cr144.67 Cr276.48 Cr
Diluted EPS 10.927.144.095.5010.51

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -2,318.80 Cr3,751.01 Cr4,819.96 Cr5,021.87 Cr
Cost of Revenue -1,969.43 Cr2,773.81 Cr3,535.54 Cr3,868.43 Cr
Gross Profit -349.37 Cr977.19 Cr1,284.42 Cr1,153.44 Cr
Operating Expenses -81.84 Cr134.74 Cr509.74 Cr471.85 Cr
Operating Income -267.53 Cr842.46 Cr774.68 Cr681.59 Cr
EBITDA -538.24 Cr1,201.14 Cr1,266.92 Cr1,221.20 Cr
Interest Expense -50.96 Cr49.85 Cr38.58 Cr92.38 Cr
Pretax Income -418.44 Cr1,070.94 Cr1,125.17 Cr999.03 Cr
Tax Provision -113.73 Cr287.66 Cr297.84 Cr282.29 Cr
Net Income -304.71 Cr783.28 Cr827.33 Cr716.74 Cr
Diluted EPS 21.4311.5829.7731.45-

Compounded Sales Growth

5 Years:29.38%
1 Year:-15.60%

Compounded Profit Growth

5 Years:32.99%
1 Year:-3.80%

Stock Price Performance

1 Year:-25.41%
6 Months:-12.58%
3 Months:-1.51%
1 Month:-15.35%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -10,012.65 Cr12,042.23 Cr13,399.23 Cr14,530.65 Cr
Current Assets -7,128.36 Cr8,619.96 Cr9,666.53 Cr10,621.60 Cr
Cash & Equivalents -375.02 Cr306.41 Cr316.67 Cr105.39 Cr
Inventory -373.00 Cr1,026.09 Cr1,885.11 Cr2,288.36 Cr
Receivables -338.42 Cr303.45 Cr229.03 Cr423.22 Cr
Total Liabilities -5,585.00 Cr7,038.89 Cr7,819.97 Cr8,657.89 Cr
Current Liabilities -5,110.90 Cr6,516.22 Cr7,277.09 Cr7,981.19 Cr
Long Term Debt -23.02 Cr23.02 Cr23.02 Cr23.02 Cr
Total Debt -587.33 Cr502.20 Cr560.41 Cr1,671.75 Cr
Total Equity -4,427.65 Cr5,003.34 Cr5,579.26 Cr5,872.76 Cr
Shares Outstanding -26.31 Cr26.31 Cr26.31 Cr26.31 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -1,876.50 Cr-171.59 Cr-284.21 Cr-1,234.08 Cr
Investing Cash Flow --1,737.98 Cr481.04 Cr537.60 Cr327.11 Cr
Financing Cash Flow --274.04 Cr-371.01 Cr-243.14 Cr695.68 Cr
Capital Expenditure --338.86 Cr-633.82 Cr-257.72 Cr-151.16 Cr
Free Cash Flow -1,537.63 Cr-805.41 Cr-541.93 Cr-1,385.24 Cr
Net Change in Cash --135.53 Cr-61.56 Cr10.26 Cr-211.28 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -15.1%26.1%26.6%23.0%
Operating Margin % -11.5%22.5%16.1%13.6%
Net Margin % -13.1%20.9%17.2%14.3%
ROE % -6.9%15.7%14.8%12.2%
ROCE % -5.5%15.2%12.7%10.4%

Shareholding Pattern

Insiders
67.92%
Institutions
8.36%
Public Float
26.05%

Analyst View

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