Cochin Shipyard Ltd

About [ edit ]

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 : 202003 Annual Report Page No:134)

  • Market Cap 5,043 Cr.
  • Current Price 383
  • High / Low 426 / 218
  • Stock P/E 9.71
  • Book Value 280
  • Dividend Yield 4.34 %
  • ROCE 24.9 %
  • ROE 18.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.34%.
  • Company has delivered good profit growth of 55.78% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 36.99%
  • Debtor days have improved from 56.31 to 30.74 days.

Cons

  • Contingent liabilities of Rs.3228.99 Cr.

Peer comparison

Sector: Ship Building Industry: Miscellaneous

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
601 659 799 717 788 735 973 896 817 332 657 749
486 544 611 559 678 594 767 698 654 315 532 431
Operating Profit 115 115 188 158 111 142 206 198 163 17 126 318
OPM % 19% 17% 24% 22% 14% 19% 21% 22% 20% 5% 19% 42%
Other Income 38 58 56 50 64 68 80 55 45 65 45 15
Interest 3 3 3 3 5 11 11 11 11 11 11 12
Depreciation 9 8 8 9 9 12 12 12 12 12 14 14
Profit before tax 142 161 232 197 161 186 263 230 185 58 146 308
Tax % 35% 34% 36% 34% 39% 36% 21% 26% 25% 27% 26% 26%
Net Profit 92 106 148 130 98 120 208 171 139 43 108 229
EPS in Rs 6.74 7.82 10.86 9.86 7.41 9.14 15.78 13.01 10.55 3.24 8.24 17.45

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,256 1,420 1,462 1,406 1,680 1,798 1,583 1,990 2,059 2,355 2,966 3,422 2,555
948 1,088 1,154 1,208 1,327 1,381 1,493 1,598 1,673 1,890 2,392 2,708 1,931
Operating Profit 308 333 308 199 353 417 90 392 385 465 574 714 624
OPM % 25% 23% 21% 14% 21% 23% 6% 20% 19% 20% 19% 21% 24%
Other Income -30 33 82 67 87 61 77 107 159 189 227 248 170
Interest 20 19 29 13 23 20 19 12 12 12 15 50 45
Depreciation 10 15 17 22 19 25 38 37 39 38 34 49 52
Profit before tax 248 331 344 231 397 433 110 450 493 605 751 863 697
Tax % 35% 33% 34% 33% 33% 35% 37% 35% 35% 34% 36% 26%
Net Profit 160 223 228 155 266 282 69 292 322 397 481 638 519
EPS in Rs 14.13 19.69 20.09 13.71 23.51 24.87 6.12 25.75 28.39 29.19 36.58 48.48 39.48
Dividend Payout % 7% 5% 5% 13% 6% 6% 25% 30% 32% 41% 36% 34%
Compounded Sales Growth
10 Years:9%
5 Years:17%
3 Years:18%
TTM:-25%
Compounded Profit Growth
10 Years:9%
5 Years:56%
3 Years:26%
TTM:-13%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-8%
1 Year:54%
Return on Equity
10 Years:17%
5 Years:16%
3 Years:16%
Last Year:18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
232 192 192 152 113 113 113 113 113 136 132 132 132
Reserves -110 491 775 865 1,112 1,376 1,441 1,711 1,915 3,120 3,201 3,600 3,556
Borrowings 101 0 0 0 0 334 123 123 123 123 123 123 123
2,463 1,823 1,668 1,631 1,175 1,164 1,214 1,402 1,170 2,103 1,793 2,554 3,858
Total Liabilities 2,568 2,427 2,557 2,609 2,401 2,987 2,891 3,349 3,321 5,482 5,248 6,409 7,669
122 190 191 186 240 370 370 370 371 349 375 756 739
CWIP 45 49 37 64 138 8 13 24 54 115 341 768 866
Investments 0 3 0 0 0 0 0 0 0 16 60 65 130
2,401 2,185 2,329 2,360 2,022 2,609 2,508 2,954 2,897 5,001 4,472 4,819 5,933
Total Assets 2,568 2,427 2,557 2,609 2,401 2,987 2,891 3,349 3,321 5,482 5,248 6,409 7,669

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-102 11 -24 310 -25 -584 663 40 212 632 -448 253
-0 -53 22 10 -103 15 16 47 65 -1,328 1,044 -74
-134 -186 -58 -86 -77 271 -235 -32 -113 812 -409 -309
Net Cash Flow -236 -229 -60 235 -205 -298 444 55 165 116 186 -130

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 112% 92% 51% 25% 38% 30% 7% 26% 25% 22% 22% 25%
Debtor Days 139 191 275 203 149 244 134 83 54 90 48 31
Inventory Turnover 1.20 1.50 2.51 2.36 2.37 2.24 2.88 3.98 4.84 4.78 5.06 6.04

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
75.00 75.00 75.21 75.21 75.21 75.21 75.21 72.86 72.86 72.86 72.86 72.86
3.17 2.73 2.89 2.99 3.35 3.08 1.98 2.07 1.84 1.76 2.14 2.17
10.96 10.81 9.80 9.77 9.30 10.83 11.72 13.07 10.43 9.41 7.28 7.36
10.87 11.46 12.10 12.03 12.13 10.87 11.09 12.00 14.87 15.97 17.72 17.60

Documents