Cochin Shipyard Ltd

Cochin Shipyard Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Cochin Shipyard Ltd

₹ 2,128 -3.04%
12 Jun - close price
cochinshipyard.com BSE: 540678 NSE: COCHINSHIP
About

Incorporated in the year 1972, Cochin Shipyard Limited(CSL) is a leading player in construction of all kinds of vessels, repairs and refits of all types of vessels including periodic upgradation and life extension of ships.
CSL has built & repaired some of the largest ships for its esteemed customers across the globe. It has exported some 45 ships to various clients outside India.
It has developed its expertise from building bulk carriers to smaller ships and ships which are more advanced in terms of technology such as Platform Supply vessels, Anchor Handling Tug Supply Vessels. [1]

Key Points

Company Overview
Cochin Shipyard is into shipbuilding (Defence, Commercial & Offshore), Ship repair, Marine Engineering Training and Strategic & Advanced Solutions. It has built and delivered 21 large vessels, 35 offshore support vessels, 93 small & medium vessels and 31 defence vessels as of FY23. [1]

Website BSE NSE
  • Market Cap ₹ 55,986 Cr.
  • Current Price ₹ 2,128
  • High / Low ₹ 2,979 / 1,180
  • Stock P/E 67.7
  • Book Value ₹ 212
  • Dividend Yield 0.46 %
  • ROCE 20.0 %
  • ROE 15.6 %
  • Face Value ₹ 5.00
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Pros

  • Company has been maintaining a healthy dividend payout of 45.7%
  • Debtor days have improved from 34.5 to 17.3 days.

Cons

  • Stock is trading at 10.0 times its book value
  • The company has delivered a poor sales growth of 7.09% over past five years.
  • Company has a low return on equity of 13.0% over last 3 years.
  • Earnings include an other income of Rs.389 Cr.
  • Promoter holding has decreased over last 3 years: -4.95%

* 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.

Peer comparison

Industrials Capital Goods Industrial Manufacturing Ship Building & Allied Services

Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap Nifty Midcap 100

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,212 441 683 642 600 476 1,012 1,056 1,286 771 1,143 1,148 1,758
916 409 548 493 667 397 821 746 998 594 946 910 1,492
Operating Profit 296 32 135 148 -67 79 191 310 288 177 197 237 266
OPM % 24% 7% 20% 23% -11% 17% 19% 29% 22% 23% 17% 21% 15%
107 56 62 23 133 84 89 58 80 84 101 47 157
Interest 12 12 12 12 -1 9 10 8 7 7 9 11 12
Depreciation 18 19 20 19 11 17 19 20 19 19 26 32 27
Profit before tax 374 56 165 140 57 137 251 340 342 236 263 242 384
Tax % 27% 25% 32% 21% 30% 28% 28% 28% 24% 26% 28% 27% 25%
275 42 113 110 39 99 182 244 259 174 189 177 287
EPS in Rs 10.44 1.60 4.29 4.20 1.50 3.75 6.90 9.29 9.84 6.62 7.18 6.73 10.92
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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
2,355 2,966 3,422 2,819 3,191 2,365 3,830 4,820
1,891 2,394 2,711 2,096 2,564 2,103 2,949 3,942
Operating Profit 465 571 711 723 627 262 882 878
OPM % 20% 19% 21% 26% 20% 11% 23% 18%
189 226 245 203 260 269 310 389
Interest 12 15 50 58 53 43 46 39
Depreciation 38 34 49 60 68 69 75 103
Profit before tax 604 748 858 808 766 418 1,071 1,125
Tax % 34% 36% 26% 25% 26% 27% 27% 26%
396 478 632 609 564 305 783 827
EPS in Rs 14.58 18.17 24.02 23.13 21.44 11.58 29.77 31.45
Dividend Payout % 41% 36% 35% 34% 39% 73% 33% 31%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 15%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: 6%
3 Years: 13%
TTM: 6%
Stock Price CAGR
10 Years: %
5 Years: 73%
3 Years: 139%
1 Year: 6%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 13%
Last Year: 16%

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
Equity Capital 136 132 132 132 132 132 132 132
Reserves 3,120 3,197 3,591 3,902 4,262 4,296 4,872 5,448
123 123 123 540 554 587 502 560
2,109 1,799 2,565 2,976 3,467 5,006 6,531 7,260
Total Liabilities 5,487 5,251 6,411 7,549 8,414 10,021 12,037 13,399
349 376 764 867 970 953 968 3,048
CWIP 121 342 799 1,176 1,264 1,619 2,196 515
Investments 0 0 0 0 0 0 0 0
5,017 4,532 4,848 5,506 6,180 7,449 8,873 9,836
Total Assets 5,487 5,251 6,411 7,549 8,414 10,021 12,037 13,399

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
631 -451 253 710 1,398 1,889 -172 -297
-1,312 1,074 -97 -443 -1,007 -35 481 538
812 -409 -309 -405 -239 -276 -371 -277
Net Cash Flow 131 214 -154 -138 152 1,578 -62 -36

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 90 48 31 46 50 52 34 17
Inventory Days 98 70 65 139 67 122 216 323
Days Payable 83 84 85 130 38 71 98 86
Cash Conversion Cycle 104 34 10 54 79 103 152 255
Working Capital Days -114 -27 9 -5 -92 -399 -163 -49
ROCE % 22% 25% 20% 17% 8% 21% 20%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.86% 72.86% 72.86% 72.86% 72.86% 72.86% 72.86% 72.86% 72.86% 72.86% 67.91% 67.91%
2.75% 3.68% 6.87% 6.28% 5.73% 5.82% 4.11% 5.23% 4.94% 3.84% 2.91% 2.88%
4.37% 4.96% 3.87% 3.78% 3.21% 2.24% 2.20% 2.45% 2.50% 3.00% 6.63% 6.82%
20.02% 18.48% 16.39% 17.07% 18.19% 19.07% 20.84% 19.47% 19.71% 20.31% 22.54% 22.39%
No. of Shareholders 1,70,1001,64,5041,69,2571,69,2641,80,9792,66,4372,92,2123,96,3276,34,0758,41,9689,81,56710,11,970

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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