Skip to main content
Swing Capital

Cochin Shipyard Ltd

NSE: COCHINSHIP BSE: 540678Infra

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]

₹1,501
52W: ₹1187 — ₹2547
PE 61.4 · Book ₹224 · +570% vs book
Market Cap₹39,490 Cr
Stock P/E61.4Price to Earnings
ROCE14.3%Return on Capital
ROE11.2%Return on Equity
Div. Yield0.63%Face Value ₹5

Strengths

  • +Company has been maintaining a healthy dividend payout of 22.7%

Weaknesses

  • −Earnings include an other income of Rs.405 Cr.
  • −Promoter holding has decreased over last 3 years: -4.95%

Shareholding Pattern

Promoters67.91%
FIIs3.1%
DIIs6.05%
Public22.95%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters72.86%72.86%67.91%▼5.067.91%67.91%67.91%67.91%67.91%
FIIs4.94%3.84%▼1.12.91%▼0.92.88%▼0.03.87%▲1.03.22%▼0.62.74%▼0.53.1%▲0.4
DIIs2.5%3%▲0.56.63%▲3.66.82%▲0.26.33%▼0.56.48%▲0.26.47%▼0.06.05%▼0.4
Public19.71%20.31%▲0.622.54%▲2.222.39%▼0.121.9%▼0.522.38%▲0.522.88%▲0.522.95%▲0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,0211,2257101,0971,0701,6519779511,1651,214
Expenses7109395279018281,398744895999994
Operating Profit31128618219624225323456166220
OPM %30%23%26%18%23%15%24%6%14%18%
Net Profit248265181193184285188101138216
EPS ₹9.4310.066.877.347.0110.827.143.845.238.23

AI Insights

Revenue Trend

Mar 2026 revenue at ₹4,308Cr, down 4.9% YoY. OPM at 16%.

Debt Position

Borrowings at ₹1,575Cr. Debt-to-equity ratio: 0.27x. Healthy balance sheet.

Capex Cycle

CWIP at ₹583Cr (20% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 6.05% (+2.84pp change). FIIs: 3.1% (-2.63pp change). Promoters hold 67.91%.

Margin & Efficiency

ROCE improving from 7% (Mar 2015) to 14% (Mar 2026). Working capital days: 21.

Valuation

PE 61.4x with 14.3% ROCE. Price is 570% above book value of ₹224. Dividend yield: 0.63%.

Recent Announcements