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Cochin Shipyard Overview

Cochin Shipyard Ltd is an India-based employer. The Company is focused on presenting cater to customers engaged within the defence area in India and clients engaged in the industrial region. In addition to shipbuilding and ship restore, the Company offers marine engineering training. The Company's docks consists ship repair dock and shipbuilding dock. Ship restore dock is allows to accommodate vessels with a maximum potential of 125,000 DWT. In addition, ship repair dock gives a flexible variety of merchandise together with, tankers, product pr...Read More

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Cochin Shipyard Key Financials

Market Cap ₹38794 Cr.

Stock P/E 46.9

P/B 6.6

Current Price ₹1474.6

Book Value ₹ 222.1

Face Value 5

52W High ₹2547.3

Dividend Yield 0.66%

52W Low ₹ 1223.1

Cochin Shipyard Share Price

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Volume
Price

Cochin Shipyard Quarterly Price

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Cochin Shipyard Peer Comparison

Cochin Shipyard Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1012 1056 1286 771 1143 1148 1758 1069 1119 1350
Other Income 89 58 80 84 101 47 157 54 127 71
Total Income 1100 1114 1366 855 1244 1194 1915 1123 1246 1422
Total Expenditure 821 746 998 594 946 910 1492 827 1045 1164
Operating Profit 280 368 368 261 298 284 423 296 201 258
Interest 10 8 7 7 9 11 12 12 20 28
Depreciation 19 20 19 19 26 32 27 34 31 33
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 251 340 342 236 263 242 384 250 150 197
Provision for Tax 70 96 83 62 75 65 97 62 42 52
Profit After Tax 182 244 259 174 189 177 287 188 108 145
Adjustments 0 0 0 -0 0 0 0 0 0 0
Profit After Adjustments 182 244 259 174 189 177 287 188 108 145
Adjusted Earnings Per Share 6.9 9.3 9.8 6.6 7.2 6.7 10.9 7.1 4.1 5.5

Cochin Shipyard Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2355 2966 3422 2819 3191 2365 3830 4820 5296
Other Income 189 226 245 191 263 207 310 389 409
Total Income 2544 3192 3668 3010 3454 2572 4141 5209 5706
Total Expenditure 1891 2394 2711 2096 2564 2103 2949 3925 4528
Operating Profit 654 797 957 914 890 469 1192 1284 1178
Interest 12 15 50 58 53 43 46 55 72
Depreciation 38 34 49 60 68 69 75 103 125
Exceptional Income / Expenses 0 0 0 13 -3 62 0 0 0
Profit Before Tax 604 748 858 808 766 418 1071 1125 981
Provision for Tax 208 270 226 199 202 114 288 298 253
Profit After Tax 396 478 632 609 564 305 783 827 728
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments 396 478 632 609 564 305 783 827 728
Adjusted Earnings Per Share 14.6 18.2 24 23.1 21.4 11.6 29.8 31.4 27.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 26% 15% 7% 0%
Operating Profit CAGR 8% 13% 6% 0%
PAT CAGR 6% 14% 6% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 13% 85% 51% NA%
ROE Average 16% 13% 14% 14%
ROCE Average 22% 19% 19% 20%

Cochin Shipyard Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 3255 3329 3723 4033 4393 4428 5003 5579
Minority's Interest 6 5 0 0 0 0 0 0
Borrowings 123 123 123 123 126 23 23 23
Other Non-Current Liabilities -18 -39 358 305 317 347 395 410
Total Current Liabilities 2074 1762 2156 2937 3463 5111 6516 7277
Total Liabilities 5440 5180 6360 7399 8299 9908 11938 13290
Fixed Assets 349 376 764 867 970 953 968 3047
Other Non-Current Assets 249 686 1167 1476 1488 1827 2350 576
Total Current Assets 4842 4118 4429 5056 5841 7128 8620 9667
Total Assets 5440 5180 6360 7399 8299 9908 11938 13290

Cochin Shipyard Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 676 807 1021 867 351 504 368 306
Cash Flow from Operating Activities 631 -451 253 710 1398 1876 -172 -297
Cash Flow from Investing Activities -1312 1074 -97 -443 -1007 -1738 481 538
Cash Flow from Financing Activities 812 -409 -309 -405 -239 -274 -371 -277
Net Cash Inflow / Outflow 131 214 -154 -138 152 -136 -62 -36
Closing Cash & Cash Equivalent 807 1021 867 729 504 368 306 271

Cochin Shipyard Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 14.58 18.17 24.02 23.14 21.44 11.58 29.77 31.45
CEPS(Rs) 15.95 19.46 25.88 25.41 24.02 14.2 32.61 35.37
DPS(Rs) 6 6.5 8.32 7.75 8.38 8.5 9.75 9.75
Book NAV/Share(Rs) 119.74 126.53 141.51 153.32 166.99 168.3 190.18 212.07
Core EBITDA Margin(%) 19.72 19.26 20.79 25.64 19.65 11.07 23.01 18.56
EBIT Margin(%) 26.16 25.73 26.52 30.74 25.67 19.53 29.17 24.49
Pre Tax Margin(%) 25.66 25.21 25.06 28.67 24 17.7 27.96 23.34
PAT Margin (%) 16.83 16.11 18.47 21.59 17.67 12.89 20.45 17.16
Cash Profit Margin (%) 18.42 17.26 19.9 23.71 19.81 15.8 22.4 19.31
ROA(%) 7.28 9 10.95 8.85 7.19 3.35 7.17 6.56
ROE(%) 12.17 14.51 17.93 15.69 13.39 6.91 16.61 15.64
ROCE(%) 18.24 22.34 24.87 21.65 18.88 10.17 23.31 22.12
Receivable days 89.91 59.84 36.29 41.54 45.2 59.85 30.58 20.16
Inventory Days 48.75 36.8 31.82 48.4 41.89 51.82 66.66 110.23
Payable days 83.42 75.06 77.77 127.79 68.25 62.73 71.69 82.86
PER(x) 17.26 10.84 5.5 8.11 6.86 20.54 29.28 44.73
Price/Book(x) 2.1 1.56 0.93 1.22 0.88 1.41 4.58 6.63
Dividend Yield(%) 2.38 3.3 6.29 4.13 5.7 3.57 1.12 0.69
EV/Net Sales(x) 1.47 0.92 0.41 1.01 0.24 0.69 4.98 7.05
EV/Core EBITDA(x) 5.29 3.42 1.47 3.12 0.88 3.48 16.02 26.46
Net Sales Growth(%) 0 25.92 15.41 -17.64 13.2 -25.9 61.99 25.83
EBIT Growth(%) 0 23.83 18.96 -4.54 -5.46 -43.63 141.95 5.66
PAT Growth(%) 0 20.57 32.28 -3.69 -7.34 -45.97 157.06 5.62
EPS Growth(%) 0 24.66 32.18 -3.69 -7.34 -45.97 157.06 5.62
Debt/Equity(x) 0.04 0.04 0.03 0.03 0.03 0.03 0 0.01
Current Ratio(x) 2.33 2.34 2.05 1.72 1.69 1.39 1.32 1.33
Quick Ratio(x) 2.18 2.18 1.91 1.57 1.6 1.32 1.17 1.07
Interest Cover(x) 51.89 49.45 18.19 14.87 15.41 10.67 24.17 21.38
Total Debt/Mcap(x) 0.02 0.02 0.04 0.02 0.03 0.02 0 0

Cochin Shipyard Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 72.86 72.86 72.86 72.86 72.86 67.91 67.91 67.91 67.91 67.91
FII 5.81 4.1 5.23 4.93 3.83 2.91 2.87 3.87 3.22 2.73
DII 2.25 2.2 2.44 2.5 3.01 6.63 6.81 6.31 6.47 6.46
Public 19.08 20.83 19.47 19.71 20.3 22.55 22.4 21.9 22.4 22.89
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Cochin Shipyard News

Cochin Shipyard Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13% over the last 3 years.
  • Debtor days have increased from 71.69 to 82.86days.
  • Stock is trading at 6.6 times its book value.
  • The company has delivered a poor profit growth of 5% over past five years.
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