Cochin Shipyard Ltd
COCHINSHIPCochin Shipyard Ltd
COCHINSHIPPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
BadThe stock is overpriced and in the overbought zone
Red flags
AvgThe stock has a moderate number of red flags
How to use scorecard? Learn more
Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
51.49 | 8.92 | 0.41% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
50.59 | 7.17 | 0.53% |
Forecast & Ratings
Detailed Forecast from 3 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Cochin Shipyard Ltd is a shipbuilding & repair company
Peers
Compare with peersÂMazagon Dock Shipbuilders Ltd
Garden Reach Shipbuilders & Engineers Ltd
Knowledge Marine & Engineering Works Ltd
JITF Infralogistics Ltd
ABS Marine Services Ltd
Get more out of Tickertape, Go Pro!
Customise key metrics, see detailed forecasts, download stock data and more
Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 2,544.34 | 3,191.58 | 3,667.57 | 3,022.36 | 3,455.56 | 2,633.38 | 4,140.63 | 4,580.10 | ||||||||
Raw Materials | 1,165.66 | 1,504.29 | 1,796.00 | 1,219.82 | 1,618.92 | 1,121.89 | 1,734.45 | 3,284.09 | ||||||||
Power & Fuel Cost | 26.88 | 31.08 | 31.92 | 35.88 | 49.98 | 32.71 | 38.42 | |||||||||
Employee Cost | 271.40 | 277.56 | 305.91 | 292.28 | 313.56 | 337.02 | 389.93 | |||||||||
Selling & Administrative Expenses | 47.30 | 60.23 | 47.59 | 50.20 | 57.83 | 75.77 | 88.04 | |||||||||
Operating & Other expenses | 379.48 | 521.29 | 529.61 | 497.96 | 528.15 | 535.42 | 698.06 | |||||||||
EBITDA | 653.62 | 797.13 | 956.54 | 926.22 | 887.12 | 530.57 | 1,191.73 | 1,296.01 | ||||||||
Depreciation/Amortization | 37.51 | 34.20 | 48.94 | 59.83 | 68.02 | 68.84 | 74.58 | 83.62 | ||||||||
PBIT | 616.11 | 762.93 | 907.60 | 866.39 | 819.10 | 461.73 | 1,117.15 | 1,212.39 | ||||||||
Interest & Other Items | 11.87 | 15.43 | 49.89 | 58.26 | 53.16 | 43.29 | 46.22 | 30.79 | ||||||||
PBT | 604.24 | 747.50 | 857.71 | 808.13 | 765.94 | 418.44 | 1,070.93 | 1,181.60 | ||||||||
Taxes & Other Items | 207.88 | 269.38 | 225.71 | 199.46 | 201.98 | 113.73 | 287.66 | 315.19 | ||||||||
Net Income | 396.36 | 478.12 | 632.00 | 608.67 | 563.96 | 304.71 | 783.27 | 866.41 | ||||||||
EPS | 14.58 | 17.88 | 24.02 | 23.14 | 21.44 | 11.58 | 39.70 | 65.87 | ||||||||
DPS | 6.00 | 6.50 | 8.32 | 7.75 | 8.38 | 8.50 | 13.75 | 9.75 | ||||||||
Payout ratio | 0.41 | 0.36 | 0.35 | 0.33 | 0.39 | 0.73 | 0.35 | 0.15 |
Company Updates
Peers & Comparison
IndustrialsShipbuilding
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Cochin Shipyard Ltd | 56.95 | 8.92 | 0.41% |
Mazagon Dock Shipbuilders Ltd | 50.82 | 15.77 | 0.56% |
Garden Reach Shipbuilders & Engineers Ltd | 56.96 | 12.16 | 0.53% |
Knowledge Marine & Engineering Works Ltd | 59.07 | 13.55 | — |
Price Comparison
Compare COCHINSHIP with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 1.18%
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.10%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Cochin Shipyard Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Motilal Oswal Nifty India Defence Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3085% | Percentage of the fund’s portfolio invested in the stock 6.47% | Change in the portfolio weight of the stock over the last 3 months -1.43% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 5/18 (-1) |
Quant Mid Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1547% | Percentage of the fund’s portfolio invested in the stock 0.77% | Change in the portfolio weight of the stock over the last 3 months 0.77% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 30/39 (-3) |
Invesco India Smallcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1231% | Percentage of the fund’s portfolio invested in the stock 1.03% | Change in the portfolio weight of the stock over the last 3 months -0.61% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 63/86 (-11) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 0.41%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.05 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateNov 19, 2024
Dividend/Share
₹4.00
Ex DateEx Date
Nov 19, 2024
Cash Dividend
Ex DateEx DateSep 23, 2024
Dividend/Share
₹2.25
Ex DateEx Date
Sep 23, 2024
Cash Dividend
Ex DateEx DateFeb 12, 2024
Dividend/Share
₹3.50
Ex DateEx Date
Feb 12, 2024
Cash Dividend
Ex DateEx DateNov 20, 2023
Dividend/Share
₹8.00
Ex DateEx Date
Nov 20, 2023
Cash Dividend
Ex DateEx DateSep 21, 2023
Dividend/Share
₹3.00
Ex DateEx Date
Sep 21, 2023
The contract is for short refit and dry docking of a large Indian Naval vessel. The estimated duration for the project is around 5 months. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company. The company's consolidated net profit rose 4.07% to Rs 188.92 crore on 13% increase in net sales to Rs 1,143.20 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live
The stock has jumped 21% in five straight sessions from its close of Rs 1,295.70 on 21 November 2024. However, it remains 47.33% below its all-time high of Rs 2,977.10, reached on 8 July 2024. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company. The company's consolidated net profit rose 4.07% to Rs 188.92 crore on 13% increase in net sales to Rs 1,143.20 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
This partnership aims to capitalize on opportunities for mobile offshore drilling units designed to meet the needs of the Indian market by building on the company's extensive experience in ship construction and engineering and SLET's renowned technical expertise and design capabilities. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company. The company's consolidated net profit slipped 25.89% to Rs 149.39 crore in Q2 FY25 as against Rs 180.89 crore posted in Q1 FY25. However, revenue from operations grew 13% year on year (YoY) to Rs 1,143.20 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live
This partnership aims to capitalize on opportunities for mobile offshore drilling units designed to meet the needs of the Indian market by building on the company's extensive experience in ship construction and engineering and SLET's renowned technical expertise and design capabilities. Cochin Shipyard is engaged in shipbuilding & ship repair. As of 30 September 2024, the Government of India held 72.86% total voting rights in the company. The company's consolidated net profit slipped 25.89% to Rs 149.39 crore in Q2 FY25 as against Rs 180.89 crore posted in Q1 FY25. However, revenue from operations grew 13% year on year (YoY) to Rs 1,143.20 crore in the quarter ended 30 September 2024. The scrip rose 0.22% to close at Rs 1,298.50 on Friday, 22 November 2024.Powered by Capital Market - Live
However, revenue from operations grew 13% year on year (YoY) to Rs 1,143.20 crore in the quarter ended 30 September 2024. Profit before tax for the September quarter was at Rs 263.43 crore, up 4.79% from Rs 251.38 crore reported in same quarter last year. Total expenses spiked 15.53% YoY to Rs 980.91 crore during the quarter. Cost of materials consumed was at Rs 602.94 crore (up 22.64% YoY) while employee benefits expense stood at Rs 104.23 crore (up 7.82% YoY) during the period under review. On segmental front, revenue from ship repair stood at Rs 283.14 crore (up 12.4% YoY) while revenue from ship building stood at Rs 860.05 crore (up 13.19% YoY) during the quarter. Cochin Shipyard is engaged in shipbuilding & ship repair. As on 30 September 2024, the Government of India held 72.86% total voting right in the company. Powered by Capital Market - Live
Cochin Shipyard announced that the Board of Directors of the Company at its meeting held on 7 November 2024, inter alia, have recommended the interim dividend of Rs 4 per equity Share (i.e. 80%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Net profit of Cochin Shipyard rose 4.07% to Rs 188.92 crore in the quarter ended September 2024 as against Rs 181.53 crore during the previous quarter ended September 2023. Sales rose 13.00% to Rs 1143.20 crore in the quarter ended September 2024 as against Rs 1011.72 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1143.201011.72 13 OPM %17.2618.90 - PBDT289.05270.25 7 PBT263.43251.38 5 NP188.92181.53 4 Powered by Capital Market - Live
Through the OFS, the Government of India proposes to sell up to 65,77,020 equity shares (representing 2.5% stake), with an option to sell an additional 2.5% stake or 65,77,020 equity shares in case of oversubscription. The floor price for the sale has been set at Rs 1,540, a 7.9% discount to the stock's closing price of Rs 1672 on Tuesday, 15 October 2024. The total OFS size (base size + green shoe) stands at 1,31,54,040 shares, representing 5% of outstanding equity shares of the company, the value of which (at floor price) aggregates to Rs 2025.72 crore. The Government of India held 72.86% stake in Cochin Shipyard as of June 2024. The OFS opened on Wednesday (16 October 2024) for non-retail investors, while both retail as well as non-retail investors will be able to subscribe on Thursday (17 October 2024). As on 13:20 IST, the OFS received subscription for 18,36,543 shares. It was subscribed 31.03% on the base non-retail offer size of 59,19,318 shares and 13.96% on the total non-retail offer size (base size + green shoe) of 1,31,54,040 shares. Cochin Shipyard is engaged in shipbuilding & ship repair. Its consolidated net profit surged 76.62% to Rs 174.24 crore while revenue from operations climbed 62.12% to Rs 771.47 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live
Cochin Shipyard announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live
Net profit of Cochin Shipyard rose 76.62% to Rs 174.24 crore in the quarter ended June 2024 as against Rs 98.65 crore during the previous quarter ended June 2023. Sales rose 62.12% to Rs 771.47 crore in the quarter ended June 2024 as against Rs 475.86 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales771.47475.86 62 OPM %22.9916.54 - PBDT254.76154.01 65 PBT235.82137.36 72 NP174.2498.65 77 Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 5.34%, vs industry avg of 15.42%
Decreasing Market Share
Over the last 5 years, market share decreased from 29.16% to 18.36%