Cochin Shipyard Ltd.

•

cochinshipyard.inBSE: 540678NSE: COCHINSHIP

Market Cap₹ 36,345 Cr.

Current Price

High / Low₹ 1,980 / 1,187

Stock P/E53.4

Book Value₹ 229

Price to Book5.35

Dividend Yield0.65 %

ROCE17.6 %

ROE12.5 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Ship Building: 62.0% • Ship Repair: 30.5% • Others: 7.5%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has a healthy return on capital (ROCE) of 21.0%
Company has consistently been profitable over the last 5 years
Company has been maintaining a healthy dividend payout of 33.0%
Company has a consistent dividend-paying track record
Company comfortably covers its interest (10.0x coverage)
Company generates healthy free cash flow

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 28.4% versus prior year
A large part of profit comes from other income (41.0% of PBT)
Promoter holding has decreased over last 2 years: -5.0pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.73x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsShip BuildingShip Building

Part ofNIFTY CPSE NIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150

S.No.	Name
1.	MAZDOCK	2335.50	32.97	94209.40	0.78	550.46	21.74	2942.70	12.08	36.51	16.48
2.	COCHINSHIP	1381.50	53.44	36344.61	0.65	151.45	-19.37	1094.21	2.40	17.60	17.65
3.	GRSE	2425.50	34.70	27784.59	0.81	172.84	43.82	1814.62	38.53	43.66	8.22
4.	KMEW	2869.80	56.18	7279.05	0.00	62.75	466.05	115.41	138.11	24.88	63.61

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	476	1,012	1,056	1,286	771	1,143	1,148	1,758	1,069	1,119	1,350	1,484	1,094
	397	821	746	998	594	946	910	1,492	827	1,045	1,164	1,175	959
Operating Profit	79	191	310	288	177	197	237	266	241	74	187	310	135
OPM %	16.54%	18.90%	29.35%	22.42%	22.99%	17.26%	20.69%	15.12%	22.59%	6.59%	13.82%	20.87%	12.38%
	84	89	58	80	84	101	47	157	54	127	71	157	67
Interest	9	10	8	7	7	9	11	12	12	20	28	32	25
Depreciation	17	19	20	19	19	26	32	27	34	31	33	32	32
Profit before Tax	137	251	340	342	236	263	242	384	250	150	197	403	202
Tax %	28.18%	27.79%	28.13%	24.37%	26.12%	28.28%	26.82%	25.22%	24.73%	28.27%	26.48%	31.32%	25.20%
Net Profit	0	0	0	0	174	189	177	287	188	108	145	276	151
	3.75	6.90	9.29	9.84	6.62	7.18	6.73	10.92	7.14	4.09	5.50	10.51	5.76

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,355	2,966	3,422	2,819	3,191	2,365	3,830	4,820	5,022	5,047
	1,891	2,394	2,711	2,096	2,564	2,103	2,949	3,925	4,192	4,342
Operating Profit	464	571	711	723	627	262	882	894	830	705
OPM %	19.72%	19.26%	20.79%	25.64%	19.65%	11.07%	23.01%	18.56%	16.53%	13.98%
	189	226	245	203	260	269	310	389	410	423
Interest	12	15	50	58	53	43	46	55	111	106
Depreciation	38	34	49	60	68	69	75	103	130	128
Profit before Tax	604	748	858	808	766	418	1,071	1,125	999	952
Tax %	34.42%	36.08%	26.32%	24.68%	26.37%	27.18%	26.86%	26.47%	28.26%	28.54%
Net Profit	396	478	632	609	564	305	783	827	717	680
EPS	31.00	35.47	48.05	46.27	42.87	11.58	29.77	31.45	27.24	—
Dividend Payout %	41.16%	35.76%	34.61%	33.50%	39.07%	73.39%	32.75%	31.00%	33.03%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 12%
3 Years:: 29%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 3%
3 Years:: 33%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 50%
3 Years:: 37%
1 Year:: -16%

RETURN ON EQUITY

10 Years:: —
5 Years:: 13%
3 Years:: 15%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	136	132	132	132	132	132	132	132	132
Minority Interest	6	5	0	0	0	0	0	0	0
	3,120	3,197	3,591	3,902	4,262	4,296	4,872	5,448	5,741
	126	126	499	517	522	440	473	529	1,644
Trade Payables	272	347	419	435	169	216	465	494	962
	1,781	1,374	1,719	2,413	3,215	4,824	5,997	6,687	6,051
Total Liabilities	5,440	5,180	6,360	7,399	8,299	9,908	11,938	13,290	14,531
	349	376	764	867	970	953	968	3,047	3,164
Capital Work in Progress	121	342	799	1,176	1,241	1,602	2,195	515	586
	0	0	0	0	0	0	0	0	113
	315	283	313	434	298	373	1,026	1,896	2,288
	0	0	0	0	0	0	303	225	423
Cash & Bank	3,505	2,577	2,195	2,209	3,213	4,758	3,864	3,113	2,406
	1,150	1,601	2,288	2,713	2,576	2,222	3,581	4,494	5,550
Total Assets	5,440	5,180	6,360	7,399	8,299	9,908	11,938	13,290	14,531

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	787	-251	434	818	1,549	1,990	-172	-284	-1,234
Cash from Investing	-1,312	1,074	-97	-443	-1,007	-1,738	481	538	327
Cash from Financing	812	-409	-309	-405	-239	-274	-371	-243	696
	131	214	-154	-138	152	-136	-62	10	-211

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.86	72.86	67.91	67.91	67.91	67.91	67.91	67.91	67.91
	4.93	3.83	2.91	2.88	3.87	3.22	2.74	3.10	2.83
	2.50	3.00	6.62	6.81	6.32	6.47	6.46	6.04	6.95
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	19.71	20.30	22.55	22.40	21.90	22.40	22.89	22.95	22.30

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Agreements

2026-09-11 - Cochin Shipyard Limited has informed the Exchange about Agreements

2026-09-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-10 - Cochin Shipyard Limited has informed the Exchange about Link of Recording

2026-09-10

Investor Presentation

2026-09-10 - Cochin Shipyard Limited has informed the Exchange about Investor Presentation

2026-09-09

Updates

2026-09-09 - Cochin Shipyard Limited has informed the Exchange regarding 'Comments Of The Board Of Directors Of The Company Pursuant To SEBI Master Circular Dated January 30, 2026'.

2026-09-09

Outcome of Board Meeting

2026-09-09 - CSL Board approves the proposal for forming a joint venture with Drydocks World Dubai FZCO (DDW)

2026-09-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - Cochin Shipyard Limited has informed the Exchange about Schedule of meet

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Cochin Shipyard Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

Record Date

2026-09-04 - Cochin Shipyard Limited has informed the Exchange that Record date for the purpose of Dividend is 18-Sep-2026.

2026-09-04

Shareholders meeting

2026-09-04 - Cochin Shipyard Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026

News

Recent coverage and analyst commentary for COCHINSHIP

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Cochin Shipyard Ltd.

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Free 5nance Account

Name

MAZDOCK

2335.50

32.97

94209.40

0.78

550.46

21.74

2942.70

12.08

36.51

16.48

COCHINSHIP

1381.50

53.44

36344.61

0.65

151.45

-19.37

1094.21

2.40

17.60

17.65

GRSE

2425.50

34.70

27784.59

0.81

172.84

43.82

1814.62

38.53

43.66

8.22

KMEW

2869.80

56.18

7279.05

0.00

62.75

466.05

115.41

138.11

24.88

63.61

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

476

1,012

1,056

1,286

771

1,143

1,148

1,758

1,069

1,119

1,350

1,484

1,094

397

821

746

998

594

946

910

1,492

827

1,045

1,164

1,175

959

Operating Profit

191

310

288

177

197

237

266

241

187

310

135

OPM %

16.54%

18.90%

29.35%

22.42%

22.99%

17.26%

20.69%

15.12%

22.59%

6.59%

13.82%

20.87%

12.38%

101

157

127

157

Interest

Depreciation

Profit before Tax

137

251

340

342

236

263

242

384

250

150

197

403

202

Tax %

28.18%

27.79%

28.13%

24.37%

26.12%

28.28%

26.82%

25.22%

24.73%

28.27%

26.48%

31.32%

25.20%

Net Profit

174

189

177

287

188

108

145

276

151

3.75

6.90

9.29

9.84

6.62

7.18

6.73

10.92

7.14

4.09

5.50

10.51

5.76

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,355

2,966

3,422

2,819

3,191

2,365

3,830

4,820

5,022

5,047

1,891

2,394

2,711

2,096

2,564

2,103

2,949

3,925

4,192

4,342

Operating Profit

464

571

711

723

627

262

882

894

830

705

OPM %

19.72%

19.26%

20.79%

25.64%

19.65%

11.07%

23.01%

18.56%

16.53%

13.98%

189

226

245

203

260

269

310

389

410

423

Interest

111

106

Depreciation

103

130

128

Profit before Tax

604

748

858

808

766

418

1,071

1,125

999

952

Tax %

34.42%

36.08%

26.32%

24.68%

26.37%

27.18%

26.86%

26.47%

28.26%

28.54%

Net Profit

396

478

632

609

564

305

783

827

717

680

EPS

31.00

35.47

48.05

46.27

42.87

11.58

29.77

31.45

27.24

—

Dividend Payout %

41.16%

35.76%

34.61%

33.50%

39.07%

73.39%

32.75%

31.00%

33.03%

—

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

136

132

Minority Interest

3,120

3,197

3,591

3,902

4,262

4,296

4,872

5,448

5,741

126

499

517

522

440

473

529

1,644

Trade Payables

272

347

419

435

169

216

465

494

962

1,781

1,374

1,719

2,413

3,215

4,824

5,997

6,687

6,051

Total Liabilities

5,440

5,180

6,360

7,399

8,299

9,908

11,938

13,290

14,531

349

376

764

867

970

953

968

3,047

3,164

Capital Work in Progress

121

342

799

1,176

1,241

1,602

2,195

515

586

113

315

283

313

434

298

373

1,026

1,896

2,288

303

225

423

Cash & Bank

3,505

2,577

2,195

2,209

3,213

4,758

3,864

3,113

2,406

1,150

1,601

2,288

2,713

2,576

2,222

3,581

4,494

5,550

Total Assets

5,440

5,180

6,360

7,399

8,299

9,908

11,938

13,290

14,531

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

787

-251

434

818

1,549

1,990

-172

-284

-1,234

Cash from Investing

-1,312

1,074

-97

-443

-1,007

-1,738

481

538

327

Cash from Financing

812

-409

-309

-405

-239

-274

-371

-243

696

131

214

-154

-138

152

-136

-62

-211

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.86

67.91

4.93

3.83

2.91

2.88

3.87

3.22

2.74

3.10

2.83

2.50

3.00

6.62

6.81

6.32

6.47

6.46

6.04

6.95

Government

0.00

19.71

20.30

22.55

22.40

21.90

22.40

22.89

22.95

22.30

Cochin Shipyard Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Cochin Shipyard Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI