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Cochin Shipyard Ltd share price logo

Cochin Shipyard Ltd

(COCHINSHIP)

₹1685.551.78%

as on 04:01PM, 03 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Cochin Shipyard Ltd Analyst Rating

based on 3 analysts

HOLD

33.33%

Buy

33.33%

Hold

33.33%

Sell

Based on 3 analysts offering long term price targets for Cochin Shipyard Ltd. An average target of ₹1328

Source: S&P Global Market Intelligence

Cochin Shipyard Ltd Share analysis

Cochin Shipyard Ltd price forecast by 3 analysts

Downside of-19.81%

High

₹1627

Target

₹1328.00

Low

₹800

Cochin Shipyard Ltd target price ₹1328, a slight downside of -19.81% compared to current price of ₹1685.55. According to 3 analysts rating.

Source: S&P Global Market Intelligence

Cochin Shipyard Ltd Performance

  • Day's Low

    Day's High

    ₹1,623
    ₹1,734.9
  • 52 Week's Low

    52 Week's High

    ₹577.88
    ₹2,979.45
1 Month Return+ 10.16 %
3 Month Return-11.96 %
1 Year Return+ 178.66 %
Previous Close₹1,656.15
Open₹1,714.55
Volume12.59L
Upper Circuit-
Lower Circuit-
Market Cap₹43,570.12Cr

Cochin Shipyard Ltd Key Statistics

P/E Ratio50.29
PEG Ratio2.72
Market Cap₹43,570.12 Cr
P/B Ratio2.28
EPS59.55
Dividend Yield0.59
SectorAerospace & Defence
ROE17.21

Cochin Shipyard Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹43,570.12 Cr145%0.55₹783 Cr₹3,830 Cr
BUY₹17,610.20 Cr43.34%0.50₹651 Cr₹5,014 Cr
BUY₹39,320.15 Cr149.2%0.53₹580 Cr₹8,104 Cr
NA₹5,752.82 Cr179.23%0.65-₹51 Cr₹1,369 Cr
HOLD₹16,622.58 Cr25.7%0.54₹473 Cr₹4,317 Cr

About Cochin Shipyard Ltd

Cochin Shipyard Limited (CSL) is a leading public sector shipbuilding and maintenance facility in India, primarily operating in the shipbuilding and ship repair sectors. Incorporated in 1972, Cochin Shipyard was founded by the Government of India and is headquartered in Kochi, Kerala. The company is registered under the Company Identification Number (CIN) L63032KL1972GOI002414. CSL specializes in the construction of ships for commercial purposes and naval vessels, along with providing ship repair services to both domestic and international clients.

Cochin Shipyard operates mainly in India but has expanded its services to international waters, providing ship repair services to clients across the globe. The company does not have specific sub-brands but is renowned for constructing a wide range of vessels, including tankers, bulk carriers, offshore vessels, and passenger ships. A notable fact about Cochin Shipyard is its involvement in building India's first indigenous aircraft carrier, INS Vikrant, highlighting its strategic importance in India's defense sector. Another key fact is CSL's role in promoting sustainability by venturing into the construction of vessels powered by alternative fuels.

Cochin Shipyard is a public sector enterprise under the Ministry of Ports, Shipping, and Waterways, Government of India. While the company has not been heavily involved in mergers and acquisitions, it continues to explore strategic partnerships and expansions to enhance its shipbuilding and repair capabilities.

Share Price: ₹1685.55 per share as on 03 Dec, 2024 04:01 PM
Market Capitalisation: ₹43,570.12Cr as of today
Revenue: ₹1,143.20Cr as on September 2024 (Q3 24)
Net Profit: ₹188.92Cr as on September 2024 (Q3 24)
Listing date: 11 Aug, 2017
Chairperson Name: Madhu Sankunny Nair
OrganisationCochin Shipyard Ltd
HeadquartersKochi
IndustryAerospace & Defence
E-voting on sharesClick here to vote

Key events for Cochin Shipyard Ltd

  • Cochin Shipyard Shares Surge on Defence Contract - 03 Dec, 2024

    Cochin Shipyard Ltd. shares rallied for the second consecutive session, hitting an upper circuit limit. The surge follows a Rs 1,207-crore contract with the Ministry of Defence for refitting INS Vikramaditya, enhancing the shipyard's revenue and reputation in the defence sector.
  • Cochin Shipyard Secures Major Defence Contract - 02 Dec, 2024

    Cochin Shipyard shares surged 5% after securing a Rs 1,207.5 crore contract with the Ministry of Defence for the Short Refit and Dry Docking of INS Vikramaditya, expected to create over 3,500 jobs.
  • Cochin Shipyard Secures ₹1,000 Crore Defence Contract - 01 Dec, 2024

    Cochin Shipyard has signed a contract worth over ₹1,000 crore with the Ministry of Defence for the Short Refit and Dry Docking of a large naval ship, expected to last five months.
  • Cochin Shipyard Secures Major Contract for INS Vikramaditya - 30 Nov, 2024

    Cochin Shipyard Limited has secured a significant contract worth Rs 1,207.5 crore for the Short Refit and Dry Docking of INS Vikramaditya, enhancing its role in India's defense sector and supporting the Atmanirbhar Bharat initiative.
  • Cochin Shipyard in Talks for Major ONGC Order - 29 Nov, 2024

    Cochin Shipyard Ltd is negotiating a potential $550 million order with ONGC for two offshore jack-up oil drilling rigs. The company has bolstered its bid by signing an MoU with Seatrium Letourneau USA for critical equipment design and supply, which could enhance its product portfolio significantly.
  • Cochin Shipyard Shares Surge with Positive Developments - 28 Nov, 2024

    Cochin Shipyard shares have surged over 22% in five days, hitting upper circuit limits. The company signed an MOU for jack-up rigs and reported strong financial performance.
  • Cochin Shipyard Shares Rebound After Significant Drop - 27 Nov, 2024

    Cochin Shipyard shares have rebounded 18% over four days following a 50% decline from their peak. The stock is currently locked in upper circuit gains, with discussions ongoing for potential infrastructure status for the shipping sector, which could enhance financial support for the industry.
  • Cochin Shipyard Sees Positive Momentum and Recommendations - 26 Nov, 2024

    Cochin Shipyard received a significant order and saw its shares surge 5% amid positive market sentiment. Geojit Financial Services issued a buy recommendation with a target of Rs 1,557.
  • Cochin Shipyard Partners with Seatrium for Growth - 25 Nov, 2024

    Cochin Shipyard Limited has entered a strategic MoU with Seatrium Letourneau USA for jack-up rigs, enhancing its order book. The company reported a 4% increase in net profit and a 13% rise in revenue for Q2 FY25, alongside a 5% surge in share price.
  • Cochin Shipyard Partners for Offshore Drilling Innovation - 24 Nov, 2024

    Cochin Shipyard Limited has signed a significant MOU with Seatrium Letourneau USA, Inc. to develop jack-up rig designs for the Indian market, enhancing offshore drilling capabilities.
  • Cochin Shipyard Partners with Seatrium for Rig Design - 23 Nov, 2024

    Cochin Shipyard Limited has signed a memorandum of understanding with Seatrium Letourneau USA to design and provide critical equipment for jack-up rigs, enhancing its capabilities in the Indian market.
  • Cochin Shipyard Expands Partnerships and CSR Initiatives - 22 Nov, 2024

    Cochin Shipyard Ltd has entered a strategic partnership with Seatrium Letourneau USA for jack-up rig designs, reported a profit increase, and allocated CSR funds for medical equipment.
  • Cochin Shipyard Declares Dividend Amid Stock Fluctuations - 19 Nov, 2024

    Cochin Shipyard announced a Rs 4 interim dividend and reported a 4% YoY increase in Q2 FY25 net profit. However, the stock has fallen 54.35% from its peak.
  • Cochin Shipyard Declares Dividend Amid Revenue Growth - 18 Nov, 2024

    Cochin Shipyard declared an interim dividend of Rs 4 per share, reporting 13% revenue growth but facing margin pressure. The stock has surged 619% over three years.
  • Cochin Shipyard Declares Interim Dividend of Rs 4 - 16 Nov, 2024

    Cochin Shipyard announced an interim dividend of Rs 4 per share for FY 2024-25, with an ex-dividend date set for November 19, 2024.
  • Cochin Shipyard Declares Interim Dividend Announcement - 15 Nov, 2024

    Cochin Shipyard has announced an interim dividend of Rs 4 per share, with the ex-dividend date scheduled for November 19, 2024.
  • Kochi Corporation Signs Pact for Third Ro-Ro Vessel - 13 Nov, 2024

    The Kochi Corporation has signed an agreement with Cochin Shipyard Limited for the construction of a third roll-on roll-off vessel at a cost of ₹14.9 crore. The project aims to alleviate travel concerns for residents and is expected to be completed within 18 months, with a request for expedited delivery within a year. The new vessel will serve as a standby for existing vessels, addressing previous operational issues.
  • Cochin Shipyard Faces Short-Term Decline but Analysts Remain Optimistic - 11 Nov, 2024

    Cochin Shipyard shares fell 8% post-Q2 results, despite exceeding revenue estimates. Analysts maintain a hold rating, projecting a 15% upside with a price target of ₹1,627, citing a solid order book and expected growth.
  • Cochin Shipyard Faces Significant Stock Decline - 09 Nov, 2024

    Cochin Shipyard's stock has dropped over 50% from its peak, despite strong government orders and revenue growth. Analysts view this correction as a potential buying opportunity.
  • Cochin Shipyard Faces Decline Amid Earnings Concerns - 08 Nov, 2024

    Cochin Shipyard's Q2 results show a 4% increase in net profit but a 5% drop in shares due to declining margins and uncertain order pipeline. Kotak maintains a sell rating, citing concerns over future profitability.

Insights on Cochin Shipyard Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 19.70% to 20.29% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 2.20% to 2.63% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 174.24 Cr → 188.92 Cr (in ₹), with an average increase of 7.8% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 855.48 Cr → 1.24K Cr (in ₹), with an average increase of 31.3% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, COCHINSHIP stock has moved up by 15.6%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 72.86% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 4.94% to 3.84% in Sep 2024 quarter

Cochin Shipyard Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹1,011.72Cr (-)₹1,056.40Cr (↑4.42%)₹1,286.05Cr (↑21.74%)₹771.47Cr (↓40.01%)₹1,143.20Cr (↑48.18%)
Net Income₹181.53Cr (-)₹244.38Cr (↑34.62%)₹258.88Cr (↑5.93%)₹174.24Cr (↓32.69%)₹188.92Cr (↑8.43%)
Net Profit Margin17.94% (-)23.13% (↑28.93%)20.13% (↓12.97%)22.59% (↑12.22%)16.53% (↓26.83%)
Value in ₹ crore
Details2021202220232024
Total Assets₹7,430.17Cr (-)₹8,344.04Cr (↑12.30%)₹9,925.19Cr (↑18.95%)₹11,898.40Cr (↑19.88%)
Total Liabilities₹3,452.60Cr (-)₹3,984.86Cr (↑15.42%)₹5,501.77Cr (↑38.07%)₹6,872.53Cr (↑24.91%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹252.61Cr (-)₹669.55Cr (↑165.05%)₹1,415.15Cr (↑111.36%)₹2,046.00Cr (↑44.58%)-₹172.83Cr (↓108.45%)

Index Inclusions

S&P BSE CPSE

₹3,938.86

1.19 (46.35%)

Nifty 500

₹23,020.85

0.81 (185%)

S&P BSE 400 MidSmallCap

₹12,356.72

0.92 (113.09%)

Nifty Midcap 150

₹21,291.35

0.88 (185.4%)

S&P BSE 250 SmallCap

₹7,229.39

0.95 (68.21%)

BSE Small-Cap

₹56,237.47

1.03 (574.76%)

S&P BSE PSU

₹20,169.19

1.51 (300.83%)

Nifty CPSE

₹6,602.40

1.38 (90.15%)

Nifty Midcap 100

₹57,509.00

0.89 (508.15%)

BSE 500

₹36,246.75

0.8 (289.35%)

S&P BSE Indus.

₹15,556.05

1.36 (209.08%)

Nifty LargeMidcap 250

₹16,052.90

0.83 (131.65%)

Nifty 200

₹13,825.85

0.79 (108.9%)

S&P BSE SmallCap Select

₹8,331.72

1.06 (87.28%)

Nifty Alpha 50

₹57,233.55

0.74 (423.15%)

Nifty MidSmallcap 400

₹20,172.55

0.9 (180%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Cochin Shipyard Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
72.86%
0.00
Foreign Institutions
3.84%
-22.27
Mutual Funds
2.63%
19.54
Retail Investors
20.29%
3.01
Others
0.38%
25.25

Cochin Shipyard Ltd Key Indicators

Details20202021202220232024
Return On Equity %18.0515.8314.076.6117.21
Details20202021202220232024
Return On Assets %9.828.196.763.076.58
Details20202021202220232024
Book Value Per Share (₹)141.52153.32167168.3380.37
Details20202021202220232024
Earning Per Share (₹)24.0323.1421.4411.5859.55

Cochin Shipyard Ltd Valuation

Cochin Shipyard Ltd in the last 5 years

  • Overview

  • Trends

Lowest (4.55x)

May 27, 2020

Today (50.29x)

December 2, 2024

Industry (57.89x)

December 2, 2024

Highest (87.71x)

July 11, 2024

LowHigh

Cochin Shipyard Ltd Earnings and Dividends

  • Cochin Shipyard Ltd Earnings Results

    Cochin Shipyard Ltd’s net profit jumped 4.07% since last year same period to ₹188.92Cr in the Q2 2024-2025. On a quarterly growth basis, Cochin Shipyard Ltd has generated 8.43% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Cochin Shipyard Ltd Dividends November,2024

    In the quarter ending September 2024, Cochin Shipyard Ltd has declared dividend of ₹4 - translating a dividend yield of 1.07%.

    Read More about Dividends

Cochin Shipyard Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

Cochin Shipyard Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Cochin Shipyard Ltd (COCHINSHIP) share price today is ₹1685.55

Cochin Shipyard Ltd is listed on NSE

Cochin Shipyard Ltd is listed on BSE

  • Today’s highest price of Cochin Shipyard Ltd is ₹1734.9.
  • Today’s lowest price of Cochin Shipyard Ltd is ₹1623.

PE Ratio of Cochin Shipyard Ltd is 50.29

PE ratio = Cochin Shipyard Ltd Market price per share / Cochin Shipyard Ltd Earnings per share

Today’s traded volume of Cochin Shipyard Ltd(COCHINSHIP) is 12.59L.

Today’s market capitalisation of Cochin Shipyard Ltd(COCHINSHIP) is ₹43570.12Cr.

Cochin Shipyard Ltd(COCHINSHIPPrice
52 Week High
₹2979.45
52 Week Low
₹577.88

Cochin Shipyard Ltd(COCHINSHIP) share price is ₹1685.55. It is down -43.43% from its 52 Week High price of ₹2979.45

Cochin Shipyard Ltd(COCHINSHIP) share price is ₹1685.55. It is up 191.68% from its 52 Week Low price of ₹577.88

Cochin Shipyard Ltd(COCHINSHIPReturns
1 Day Returns
29.4%
1 Month Returns
10.16%
3 Month Returns
-11.96%
1 Year Returns
178.66%