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Cochin Shipyard

₹1511.2 61 | 4.2%

Market Cap ₹39757 Cr.

Stock P/E 50.8

P/B 7.3

Current Price ₹1511.2

Book Value ₹ 207.3

Face Value 5

52W High ₹2977.1

Dividend Yield 0.65%

52W Low ₹ 1060.3

Cochin Shipyard Research see more...

Overview Inc. Year: 1972Industry: Ship Building

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 providers, bulk carriers, passenger vessels, high bollard pull tugs, and air defence deliver. Shipbuilding dock can accommodate vessels with a most capability of 110,000 DWT. The Company has constructed a lot of vessels starting from bulk carriers, tankers and passengers ships to offshore support vessels and port crafts.

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Cochin Shipyard Share Price

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Cochin Shipyard Quarterly Results

#(Fig in Cr.) Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Net Sales 683 642 600 476 1012 1056 1286 771 1143 1148
Other Income 62 23 73 84 89 58 80 84 101 47
Total Income 745 665 673 560 1100 1114 1366 855 1244 1194
Total Expenditure 548 493 667 397 821 746 998 594 946 910
Operating Profit 197 172 6 163 280 368 368 261 298 284
Interest 12 12 0 9 10 8 7 7 9 11
Depreciation 20 19 11 17 19 20 19 19 26 32
Exceptional Income / Expenses 0 0 62 0 0 0 0 0 0 0
Profit Before Tax 165 140 57 137 251 340 342 236 263 242
Provision for Tax 52 30 17 39 70 96 83 62 75 65
Profit After Tax 113 110 39 99 182 244 259 174 189 177
Adjustments 0 -0 -0 -0 0 0 0 -0 0 0
Profit After Adjustments 113 110 39 99 182 244 259 174 189 177
Adjusted Earnings Per Share 4.3 4.2 1.5 3.7 6.9 9.3 9.8 6.6 7.2 6.7

Cochin Shipyard Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 2355 2966 3422 2819 3191 2365 3830 4348
Other Income 189 226 245 191 263 207 310 312
Total Income 2544 3192 3668 3010 3454 2572 4141 4659
Total Expenditure 1891 2394 2711 2096 2564 2103 2949 3448
Operating Profit 654 797 957 914 890 469 1192 1211
Interest 12 15 50 58 53 43 46 34
Depreciation 38 34 49 60 68 69 75 96
Exceptional Income / Expenses 0 0 0 13 -3 62 0 0
Profit Before Tax 604 748 858 808 766 418 1071 1083
Provision for Tax 208 270 226 199 202 114 288 285
Profit After Tax 396 478 632 609 564 305 783 799
Adjustments 0 0 0 0 0 0 0 0
Profit After Adjustments 396 478 632 609 564 305 783 799
Adjusted Earnings Per Share 14.6 18.2 24 23.1 21.4 11.6 29.8 30.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 62% 11% 5% 0%
Operating Profit CAGR 154% 9% 8% 0%
PAT CAGR 157% 9% 10% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 37% 106% 64% NA%
ROE Average 17% 12% 14% 14%
ROCE Average 23% 17% 20% 20%

Cochin Shipyard Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 3255 3329 3723 4033 4393 4428 5003
Minority's Interest 6 5 0 0 0 0 0
Borrowings 123 123 123 123 126 23 23
Other Non-Current Liabilities -18 -39 358 305 317 347 395
Total Current Liabilities 2074 1762 2156 2937 3463 5111 6516
Total Liabilities 5440 5180 6360 7399 8299 9908 11938
Fixed Assets 349 376 764 867 970 953 968
Other Non-Current Assets 249 686 1167 1476 1488 1827 2332
Total Current Assets 4842 4118 4429 5056 5841 7128 8639
Total Assets 5440 5180 6360 7399 8299 9908 11938

Cochin Shipyard Cash Flow

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

Cochin Shipyard Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 14.58 18.17 24.02 23.14 21.44 11.58 29.77
CEPS(Rs) 15.95 19.46 25.88 25.41 24.02 14.2 32.61
DPS(Rs) 6 6.5 8.32 7.75 8.38 8.5 9.75
Book NAV/Share(Rs) 119.74 126.53 141.51 153.32 166.99 168.3 190.18
Core EBITDA Margin(%) 19.72 19.26 20.79 25.64 19.65 11.07 23.01
EBIT Margin(%) 26.16 25.73 26.52 30.74 25.67 19.53 29.17
Pre Tax Margin(%) 25.66 25.21 25.06 28.67 24 17.7 27.96
PAT Margin (%) 16.83 16.11 18.47 21.59 17.67 12.89 20.45
Cash Profit Margin (%) 18.42 17.26 19.9 23.71 19.81 15.8 22.4
ROA(%) 7.28 9 10.95 8.85 7.19 3.35 7.17
ROE(%) 12.17 14.51 17.93 15.69 13.39 6.91 16.61
ROCE(%) 18.24 22.34 24.87 21.65 18.88 10.17 23.31
Receivable days 89.91 59.84 36.29 41.54 45.2 59.85 33.06
Inventory Days 48.75 36.8 31.82 48.4 41.89 51.82 66.66
Payable days 83.42 75.06 77.77 127.79 68.25 62.73 71.69
PER(x) 17.26 10.84 5.5 8.11 6.86 20.54 29.28
Price/Book(x) 2.1 1.56 0.93 1.22 0.88 1.41 4.58
Dividend Yield(%) 2.38 3.3 6.29 4.13 5.7 3.57 1.12
EV/Net Sales(x) 1.47 0.92 0.41 1.01 0.24 0.69 4.98
EV/Core EBITDA(x) 5.29 3.42 1.47 3.12 0.88 3.48 16.02
Net Sales Growth(%) 0 25.92 15.41 -17.64 13.2 -25.9 61.99
EBIT Growth(%) 0 23.83 18.96 -4.54 -5.46 -43.63 141.95
PAT Growth(%) 0 20.57 32.28 -3.69 -7.34 -45.97 157.06
EPS Growth(%) 0 24.66 32.18 -3.69 -7.34 -45.97 157.06
Debt/Equity(x) 0.04 0.04 0.03 0.03 0.03 0.03 0
Current Ratio(x) 2.33 2.34 2.05 1.72 1.69 1.39 1.33
Quick Ratio(x) 2.18 2.18 1.91 1.57 1.6 1.32 1.17
Interest Cover(x) 51.89 49.45 18.19 14.87 15.41 10.67 24.17
Total Debt/Mcap(x) 0.02 0.02 0.04 0.02 0.03 0.02 0

Cochin Shipyard Shareholding Pattern

# Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Promoter 72.86 72.86 72.86 72.86 72.86 72.86 72.86 72.86 67.91 67.91
FII 6.87 6.28 5.73 5.81 4.1 5.23 4.93 3.83 2.91 2.87
DII 3.87 3.79 3.21 2.25 2.2 2.44 2.5 3.01 6.63 6.81
Public 16.4 17.07 18.19 19.08 20.83 19.47 19.71 20.3 22.55 22.4
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Debtor days have increased from 62.73 to 71.69days.
  • Stock is trading at 7.3 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Cochin Shipyard News

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