NSE: COCHINSHIP · BSE: 540678 · ISIN INE704P01025
Cochin Shipyard Limited stock analysis
Cochin Shipyard Limited ranks #2844 in the TickerSutra evidence-ranked universe with a score of 44/100 and 95% data confidence. The latest captured fundamentals show ROCE of 14.3%, quarterly sales growth of -6.9% and quarterly profit growth of -27.7%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.27×
- 22.7% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Operating margin has compressed materially
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹3,190cr | ₹635cr | ₹587cr | 20.0% |
| 2023 | ₹2,330cr | ₹273cr | ₹334cr | 12.0% |
| 2024 | ₹3,645cr | ₹885cr | ₹813cr | 24.0% |
| 2025 | ₹4,528cr | ₹886cr | ₹843cr | 20.0% |
| 2026 | ₹4,308cr | ₹692cr | ₹643cr | 16.0% |
| TTM | ₹4,240cr | ₹600cr | ₹591cr | 14.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Outcome of AGM and the summary of proceedings
RoutineShareholders meetingNSE · 29 Sept 2026Cochin Shipyard Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2026
Positive CatalystUpdate-Acquisition (including agreement to acquire)-XBRLNSE · 25 Sept 2026 · Structured filingCOCHIN SHIPYARD LIMITED has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL
COCHIN SHIPYARD LIMITED has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL
Open original XBRL sourceRoutineAnalyst/Investor Meet Para A-XBRLNSE · 18 Sept 2026 · Structured filingCOCHIN SHIPYARD LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls
COCHIN SHIPYARD LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls
Open original XBRL sourcePlease refer the attachment
MANAGEMENT COMMENTARY
Signals from filed documents
The project has been approved by the Cabinet Committee on Economic Affairs (CCEA) on May 05, 2026. The project is planned as a brownfield facility with a 650 metres jetty, two large floating dry docks, workshops and associated marine infrastructure with a combined investment of H1,570 Crores for repair of vessels up to 300 m length; and MoU with JSW Shipping for repairs of their fleets of vessels at CSL facilities. T
In addition, the cost of certain raw materials, such as steel, aluminium, copper etc., may fluctuate in line with any changes in their global supply and demand and thus impacting the material cost. In the event that the price of the Company’s raw materials increases, the Company will not be able to pass these 134 COCHIN SHIPYARD LIMITED price increases to its customers on its existing fixed contracts and its business
Marine Engineering Training Institute (METI) 32. During the financial year 2025–26, METI continued to strengthen its position as a premier maritime training institute by successfully training 140 Graduate Marine Engineering (GME) cadets under the one-year programme approved by the Directorate General of Shipping (DGS), while 160 GMEs are currently undergoing training following the enhancement of its approved intake c
This expansion is driven by a massive "newbuilding boom”, with current orderbooks reaching their third-highest levels in history. Regulatory pressures to reduce emissions are also a key driver of increased demand for newbuilds. The key drivers propelling the shipbuilding growth include: (i) Fleet Renewal (Primary Driver): A growing number of vessels are reaching the end of their service lives, creating strong demand
The ship repair income during the year is H1,656.30 Crores as against the previous year income of H1,864.57 Crores. CSL’s Ship Repair Division, driven by a focused strategy of enhancing volumes, maximising asset utilisation and leveraging its multi-location presence across the subcontinent, significantly strengthened its regional accessibility and expanded its footprint in both domestic and international markets. Dur
Revenue under Shipbuilding includes H1,58,820.82 Lakhs (previous year: H2,06,665.27 Lakhs) from two customers (previous year: two customers) having around 59.90% of the total Shipbuilding revenue and for Ship Repair includes H1,00,833.29 Lakhs (previous year: H1,53,005.55 Lakhs) from two customers (previous year: two customers) having around 60.88% of the total Ship Repair revenue. Weaknesses (i) Virtually non-existe
are published in leading newspapers viz., Business Line (all editions), Mathrubhumi (Kochi edition) and Jansatta (all editions) and are notified to the Stock Exchanges as required under the SEBI LODR Regulations. The quarterly/ half-yearly/ annual financial results and other communication to shareholders and Stock Exchanges, inter alia including presentations to institutional investors and analysts, press releases et
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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