Cochin Shipyard Ltd

Cochin Shipyard is mainly engaged in the construction of vessels and repairs and refits of all types of vessels including upgradation of ships periodical layup repairs and life extension of ships.(Source : 201903 Annual Report Page No: 121)

  • Market Cap: 4,634 Cr.
  • Current Price: 352.25
  • 52 weeks High / Low 491.70 / 209.00
  • Book Value: 283.70
  • Stock P/E: 8.27
  • Dividend Yield: 0.46 %
  • ROCE: 22.24 %
  • ROE: 14.48 %
  • Sales Growth (3Yrs): 14.18 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 36.08%
Debtor days have improved from 64.23 to 48.34 days.
Cons:
The company has delivered a poor growth of 10.50% over past five years.
Contingent liabilities of Rs.2065.57 Cr.
Earnings include an other income of Rs.244.12 Cr.

Peer comparison Sector: Ship Building // Industry: Miscellaneous

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
583 615 601 659 799 717 788 735 973 896 817 332
489 478 486 544 611 559 678 594 767 698 654 315
Operating Profit 94 137 115 115 188 158 111 142 206 198 163 17
OPM % 16% 22% 19% 17% 24% 22% 14% 19% 21% 22% 20% 5%
Other Income 65 51 38 58 56 50 64 68 80 55 45 65
Interest 3 3 3 3 3 3 5 11 11 11 11 11
Depreciation 10 9 9 8 8 9 9 12 12 12 12 12
Profit before tax 147 176 142 161 232 197 161 186 263 230 185 58
Tax % 32% 35% 35% 34% 36% 34% 39% 36% 21% 26% 25% 27%
Net Profit 100 114 92 106 148 130 98 120 208 171 139 43
EPS in Rs 7.93 8.37 6.74 7.82 10.86 9.58 7.41 9.14 15.78 13.01 10.55 3.24
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
834 1,256 1,420 1,462 1,406 1,680 1,798 1,583 1,990 2,059 2,355 2,962 3,018
804 948 1,088 1,154 1,208 1,327 1,381 1,493 1,598 1,673 1,890 2,389 2,434
Operating Profit 30 308 333 308 199 353 417 90 392 385 465 573 585
OPM % 4% 25% 23% 21% 14% 21% 23% 6% 20% 19% 20% 19% 19%
Other Income 133 -30 33 82 67 87 61 77 107 159 189 228 244
Interest 4 20 19 29 13 23 20 19 12 12 12 15 45
Depreciation 10 10 15 17 22 19 25 38 37 39 38 34 49
Profit before tax 149 248 331 344 231 397 433 110 450 493 605 751 735
Tax % 37% 35% 33% 34% 33% 33% 35% 37% 35% 35% 34% 36%
Net Profit 94 160 223 228 155 266 282 69 292 322 397 481 560
EPS in Rs 828.48 13.10 18.95 19.84 13.43 23.51 24.62 5.86 25.75 28.39 29.19 36.58 42.58
Dividend Payout % 0% 7% 5% 5% 13% 6% 6% 25% 30% 32% 41% 36%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:8.96%
5 Years:10.50%
3 Years:14.18%
TTM:-0.73%
Compounded Profit Growth
10 Years:7.34%
5 Years:11.10%
3 Years:17.80%
TTM:13.12%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-12.63%
1 Year:1.18%
Return on Equity
10 Years:17.63%
5 Years:14.01%
3 Years:15.14%
Last Year:14.48%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
232 232 192 192 152 113 113 113 113 113 136 132 132
Reserves 200 -110 491 775 865 1,112 1,376 1,441 1,711 1,915 3,120 3,201 3,600
Borrowings 27 101 0 0 0 0 334 123 123 123 123 123 123
1,726 2,463 1,823 1,668 1,631 1,175 1,164 1,214 1,402 1,170 2,103 1,793 2,550
Total Liabilities 2,066 2,568 2,427 2,557 2,609 2,401 2,987 2,891 3,349 3,321 5,482 5,248 6,405
92 122 190 191 186 240 370 370 370 371 349 375 756
CWIP 17 45 49 37 64 138 8 13 24 54 115 341 768
Investments 0 0 3 0 0 0 0 0 0 0 16 60 65
1,956 2,401 2,185 2,329 2,360 2,022 2,609 2,508 2,954 2,897 5,001 4,472 4,815
Total Assets 2,066 2,568 2,427 2,557 2,609 2,401 2,987 2,891 3,349 3,321 5,482 5,248 6,405

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
656 -102 11 -24 310 -25 -584 663 40 212 632 -448
21 -0 -53 22 10 -103 15 16 47 65 -1,328 1,044
-124 -134 -186 -58 -86 -77 271 -235 -32 -113 812 -409
Net Cash Flow 553 -236 -229 -60 235 -205 -298 444 55 165 116 186

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 32% 112% 92% 51% 25% 38% 30% 7% 26% 25% 22% 22%
Debtor Days 96 139 191 275 203 149 244 134 83 54 90 48
Inventory Turnover 1.43 1.20 1.50 2.51 2.36 2.37 2.24 2.88 3.98 4.84 4.78 5.06

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
75.00 75.00 75.00 75.00 75.00 75.21 75.21 75.21 75.21 75.21 72.86 72.86
3.11 3.51 3.46 3.17 2.73 2.89 2.99 3.35 3.08 1.98 2.07 1.84
10.60 10.86 11.11 10.96 10.81 9.80 9.77 9.30 10.83 11.72 13.07 10.43
11.29 10.63 10.43 10.87 11.46 12.10 12.03 12.13 10.87 11.09 12.00 14.87