Cochin Shipyard

Why is Cochin Shipyard Ltd falling/rising?

As of 05-Aug, Cochin Shipyard Ltd's stock price is declining, currently at 1,415.50, with a year-to-date drop of 12.65% and a one-year decline of 18.33%. The stock's poor financial results, high valuation, and decreasing investor interest are contributing to its downward trend.

As of 05-Aug, Cochin Shipyard Ltd's stock price is falling, currently at 1,415.50, reflecting a decrease of 14.5 points or 1.01%. The stock has been on a downward trend, having underperformed the sector by 0.99% today and experiencing consecutive losses over the past two days, totaling a decline of 1.7%. <BR><BR>In terms of longer-term performance, the stock has shown significant weakness, with a year-to-date decline of 12.65% and a one-year drop of 18.33%, while the broader market has generated positive returns. The company's recent financial results have also contributed to this negative sentiment, as it has reported negative results for the last three consecutive quarters, including a notable 15.55% drop in net sales.<BR><BR>Additionally, the stock's valuation appears high relative to its peers, with a price-to-book value of 6.3, indicating that it is trading at a premium despite poor long-term growth, as evidenced by an annual operating profit growth rate of only 0.79% over the past five years. The falling investor participation, with a 15.9% decrease in delivery volume compared to the five-day average, further suggests a lack of confidence among investors.<BR><BR>While there are some positive factors, such as the company being net-debt free and an increase in institutional investor participation, these have not been sufficient to counteract the negative trends in performance and valuation. Overall, the combination of poor financial results, high valuation, and declining investor interest are key reasons for the stock's current decline.

Which are the latest news on Cochin Shipyard?

Should I buy, sell or hold Cochin Shipyard Ltd?

What does Cochin Shipyard do?

Cochin Shipyard Ltd, established in 1972, is a mid-cap company in the Aerospace & Defense sector focused on shipbuilding. As of March 2026, it reported net sales of ₹1,484 Cr and a net profit of ₹276 Cr, with a market cap of ₹37,686 Cr.

Overview: <BR>Cochin Shipyard Ltd is a mid-cap company operating in the Aerospace & Defense industry, primarily engaged in shipbuilding operations.<BR><BR>History: <BR>Cochin Shipyard Ltd was founded in March 1972 as a fully owned Government of India company. It was conferred 'Schedule A', Category-I CPSE status under the Ministry of Shipping in July 2023. The latest reported quarter for sales and profit is March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 1,484 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 276 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 37,686 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: 52.00 <BR>Industry P/E: 39 <BR>Dividend Yield: 0.52% <BR>Debt-Equity: -0.13 <BR>Return on Equity: 12.20% <BR>Price to Book: 6.45<BR><BR>Contact Details: <BR>Address: Administrative Building, Cochin Shipyard Premises Kochi Kerala : 682015 <BR>Tel: 91-484-2501306/2501307 <BR>Email: secretary@cochinshipyard.com <BR>Website: http://www.cochinshipyard.com

How big is Cochin Shipyard?

As of 10th June, Cochin Shipyard Ltd has a market capitalization of 37,686.00 Cr, with recent Net Sales of 5021.87 Cr and a Net Profit of 716.51 Cr. Shareholder's Funds are 5,579.26 Cr and Total Assets amount to 13,289.58 Cr as of March 2025.

As of 10th June, Cochin Shipyard Ltd has a market capitalization of 37,686.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Cochin Shipyard reported Net Sales of 5021.87 Cr and a Net Profit of 716.51 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 5,579.26 Cr and Total Assets of 13,289.58 Cr.

Who are in the management team of Cochin Shipyard?

The management team of Cochin Shipyard includes Chairman & Managing Director Madhu Sankunny Nair, Director (Technical) Bejoy Bhasker, Director (Finance) & CFO Jose V J, and Director (Operation) Sreejith K Narayanan, along with several independent and official directors who support the company's strategic direction.

The management team of Cochin Shipyard includes the following key members:<BR><BR>1. **Madhu Sankunny Nair** - Chairman & Managing Director<BR>2. **Bejoy Bhasker** - Director (Technical)<BR>3. **Jose V J** - Director (Finance) & CFO<BR>4. **Syamkamal N** - Company Secretary & Compliance Officer<BR>5. **Sreejith K Narayanan** - Director (Operation)<BR><BR>Additionally, the board includes several Non-Official Independent Directors:<BR>- **Ashok Sharma**<BR>- **M Venkatesan**<BR>- **Prithviraj Harichandan**<BR>- **Abhijit Biswas**<BR>- **Amrapali Prashant Salve**<BR>- **Nahar Singh Maheshwari**<BR><BR>There are also Official Directors who serve part-time:<BR>- **Vikram Singh**<BR>- **Rajesh Kumar Sinha**<BR>- **Biju Prabhakar**<BR><BR>This team plays a crucial role in overseeing the operations and strategic direction of the company.

Who are the peers of the Cochin Shipyard?

Cochin Shipyard's peers include Bharat Electron, Hind.Aeronautics, and Mazagon Dock, among others. In terms of management risk and growth, it ranks well but has a 1-year return of -36.74%, better than Bharat Dynamics but significantly lower than MTAR Technologie's 288.58%.

Peers: The peers of Cochin Shipyard are Bharat Electron, Hind.Aeronautics, Mazagon Dock, Bharat Dynamics, Garden Reach Sh., Data Pattern, MTAR Technologie, Zen Technologies, Apollo Micro Sys, and Astra Microwave.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bharat Electron, Hind.Aeronautics, Mazagon Dock, Garden Reach Sh., and the rest. Good management risk is found at Bharat Dynamics, Cochin Shipyard, Data Pattern, Zen Technologies, and the rest. Average management risk is noted at MTAR Technologie and Apollo Micro Sys. Growth is excellent at Bharat Electron, Hind.Aeronautics, Mazagon Dock, Garden Reach Sh., and Zen Technologies, while good growth is seen at Data Pattern and Astra Microwave. Cochin Shipyard and Bharat Dynamics have below-average growth, and MTAR Technologie has average growth. Capital structure is excellent for Bharat Electron, Hind.Aeronautics, Mazagon Dock, Bharat Dynamics, Cochin Shipyard, Garden Reach Sh., Data Pattern, Zen Technologies, and the rest, while MTAR Technologie and Apollo Micro Sys have good and average capital structures, respectively.<BR><BR>Return Snapshot: The peer with the highest 1-year return is MTAR Technologie at 288.58%, while the lowest is Bharat Dynamics at -37.68%. Cochin Shipyard's 1-year return of -36.74% is slightly better than Bharat Dynamics but significantly lower than MTAR Technologie. Additionally, the six-month returns are negative for Hind.Aeronautics, Mazagon Dock, Bharat Dynamics, and Cochin Shipyard.

Are Cochin Shipyard Ltd latest results good or bad?

Cochin Shipyard Ltd's latest results are mixed; while Q4 FY26 showed a 91.11% QoQ increase in net profit to ₹276.48 crore and improved operating margins, there was a concerning 15.55% YoY decline in revenue, leading analysts to view the overall financial trend as negative. Investors should exercise caution due to these mixed signals.

Cochin Shipyard Ltd's latest results present a mixed picture. In Q4 FY26, the company reported a net profit of ₹276.48 crore, which is a significant increase of 91.11% quarter-on-quarter (QoQ). However, this figure reflects a decline of 3.73% year-on-year (YoY) compared to the same quarter last year. <BR><BR>Revenue for the same quarter was ₹1,484.28 crore, showing a positive sequential growth of 9.91% QoQ but a concerning decline of 15.55% YoY. This revenue contraction raises concerns about the sustainability of the company's earnings, particularly given the shipbuilding industry's typical lumpy revenue patterns.<BR><BR>On the positive side, the operating margin (excluding other income) improved significantly to 20.87%, up from 13.82% in the previous quarter, indicating enhanced operational efficiency. The profit after tax (PAT) margin also increased to 18.63%, which is a notable improvement.<BR><BR>Despite these positive aspects, analysts have classified the financial trend as negative due to the year-on-year revenue decline and the high dependency on non-operating income, which constituted a significant portion of the profit before tax. Additionally, the company's return on equity (ROE) remains relatively low at 13.02%, compared to industry peers.<BR><BR>Overall, while there are some positive indicators such as margin expansion and sequential profit growth, the year-on-year revenue decline and concerns over earnings quality suggest that the results are not entirely favorable. Investors may want to approach with caution, given the mixed signals from the latest financial performance.

Has Cochin Shipyard Ltd declared dividend?

Yes, Cochin Shipyard Ltd has declared a dividend of 70% (₹4 per share) with an ex-date of February 3, 2026. The company has shown strong long-term performance, with total returns of 598.3% over the last 3 years and 911.22% over the last 4 years.

Cochin Shipyard Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 70%<BR>- Amount per share: 4<BR>- Ex-date: 03 Feb 26<BR><BR>Dividend Yield: 0.47%.<BR><BR>Total Returns by Period:<BR>In the last 3 months, the price return was -6.84%, the dividend return was 0.42%, resulting in a total return of -6.42%.<BR><BR>Over the past 6 months, the price return was -7.07%, the dividend return was 0.43%, leading to a total return of -6.64%.<BR><BR>In the 1-year period, the price return was 13.8%, the dividend return was 0.78%, culminating in a total return of 14.58%.<BR><BR>For the 2-year period, the price return was 89.11%, the dividend return was 2.58%, resulting in a total return of 91.69%.<BR><BR>In the last 3 years, the price return was 582.57%, the dividend return was 15.73%, leading to a total return of 598.3%.<BR><BR>Over the past 4 years, the price return was 874.52%, the dividend return was 36.70%, culminating in a total return of 911.22%.<BR><BR>In the 5-year period, the price return was 851.07%, the dividend return was 33.98%, resulting in a total return of 885.05%.<BR><BR>Overall, Cochin Shipyard Ltd has declared a significant dividend, and the total returns over various periods indicate strong performance, particularly in the longer term, with substantial growth in both price and dividends.

When is the next results date for Cochin Shipyard Ltd?

The next results date for Cochin Shipyard Ltd is 28 January 2026.

The next results date for Cochin Shipyard Ltd is scheduled for 28 January 2026.

Is Cochin Shipyard technically bullish or bearish?

As of December 2, 2025, Cochin Shipyard's trend is mildly bearish, supported by weekly MACD and Bollinger Bands, despite daily moving averages showing mild bullishness, with overall bearish sentiment influenced by recent price declines and negative returns compared to the Sensex.

As of 2 December 2025, the technical trend for Cochin Shipyard has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and Bollinger Bands indicating bearish signals. The Dow Theory also supports a mildly bearish outlook on both weekly and monthly time frames. Although the daily moving averages show a mildly bullish trend, this is overshadowed by the overall bearish indicators in the weekly and monthly analyses. The RSI shows no signal, indicating a lack of momentum in either direction. Overall, the strength of the bearish sentiment is moderate, influenced by the recent price decline from the previous close and the negative returns over the past month compared to the Sensex.

How has been the historical performance of Cochin Shipyard?

Cochin Shipyard has shown significant growth in net sales and profits from March 2023 to March 2025, with net sales rising from 2,364.55 crore to 4,819.96 crore and profit after tax increasing from 304.71 crore to 827.33 crore. However, cash flow from operating activities turned negative, highlighting a need for improved cash management despite strong revenue growth.

Answer:<BR>The historical performance of Cochin Shipyard shows a significant upward trend in net sales and profit over the years, particularly from March 2023 to March 2025.<BR><BR>Breakdown:<BR>Cochin Shipyard's net sales increased from 2,364.55 crore in March 2023 to 4,819.96 crore in March 2025, reflecting a strong growth trajectory. Total operating income followed a similar pattern, rising from 2,364.55 crore to 4,819.96 crore during the same period. The company's operating profit (PBDIT) also saw a substantial increase, from 460.48 crore in March 2023 to 1,266.93 crore in March 2025, indicating improved operational efficiency. Profit before tax rose from 418.44 crore to 1,125.17 crore, while profit after tax increased from 304.71 crore to 827.33 crore, showcasing a robust bottom line. On the balance sheet, total assets grew from 9,916.42 crore in March 2023 to 13,289.58 crore in March 2025, with total liabilities increasing correspondingly from 9,916.42 crore to 13,289.58 crore. Cash flow from operating activities, however, turned negative, dropping from 1,889.00 crore in March 2023 to -296.00 crore in March 2025, indicating challenges in cash generation despite the growth in profits. Overall, Cochin Shipyard has demonstrated strong revenue and profit growth, although cash flow management appears to be an area needing attention.

Who are the top shareholders of the Cochin Shipyard?

The top shareholders of Cochin Shipyard include The President of India with 67.91%, Life Insurance Corporation of India at 2.92%, individual investors with 19.76%, 21 mutual fund schemes holding 3.42%, and 125 foreign institutional investors with a combined 2.87%.

The top shareholders of Cochin Shipyard include The President of India, who holds the largest stake at 67.91%. Other significant shareholders are Life Insurance Corporation of India, which holds 2.92%, and various individual investors, who collectively own 19.76%. Additionally, there are 21 mutual fund schemes that hold 3.42% of the shares, and 125 foreign institutional investors (FIIs) with a combined holding of 2.87%.

Is Cochin Shipyard overvalued or undervalued?

As of January 12, 2024, Cochin Shipyard is considered very expensive and overvalued, with a high PE ratio of 76.08 and other valuation metrics significantly exceeding industry norms, indicating its stock price is inflated compared to peers in the Aerospace & Defense sector.

As of 12 January 2024, Cochin Shipyard's valuation grade has moved from expensive to very expensive. The company is currently overvalued, as indicated by its high PE ratio of 76.08, a Price to Book Value of 11.28, and an EV to EBITDA ratio of 68.79. These ratios significantly exceed industry norms, suggesting that the stock is priced well above its intrinsic value.<BR><BR>In comparison to its peers, Cochin Shipyard's PE ratio is notably higher than that of similar companies in the Aerospace & Defense sector, which typically exhibit lower valuations. For instance, if we consider a peer with a PE ratio of around 30, Cochin Shipyard's valuation appears excessively inflated. Additionally, the company's recent stock performance has outpaced the Sensex, with a year-to-date return of 50.04% compared to the Sensex's 5.60%, which may further contribute to the perception of overvaluation.