Cochin Shipyard

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.

Who are the peers of the Cochin Shipyard?

Cochin Shipyard's peers include Hind.Aeronautics, Bharat Electron, Mazagon Dock, and others, with varying management risks and growth rates. Mazagon Dock leads in 1-year returns at 112.16%, while Cochin Shipyard has a return of 1.76%.

Peers: The peers of Cochin Shipyard are Hind.Aeronautics, Bharat Electron, Mazagon Dock, Bharat Dynamics, Garden Reach Sh., Zen Technologies, Data Pattern, Astra Microwave, Mishra Dhatu Nig, and Unimech Aero.<BR><BR>Quality Snapshot: Excellent management risk is observed at Hind.Aeronautics, Bharat Electron, and Mazagon Dock, while Good management risk is found at Bharat Dynamics, Cochin Shipyard, Garden Reach Sh., Zen Technologies, Data Pattern, Astra Microwave, Mishra Dhatu Nig, and Unimech Aero. Growth is Excellent for Hind.Aeronautics, Bharat Electron, Mazagon Dock, Garden Reach Sh., and Zen Technologies, whereas Cochin Shipyard and Bharat Dynamics exhibit Below Average growth, with the rest showing Good growth. Excellent capital structure is noted at Hind.Aeronautics, Bharat Electron, Mazagon Dock, Bharat Dynamics, Cochin Shipyard, Garden Reach Sh., Zen Technologies, and Data Pattern, while Astra Microwave and Mishra Dhatu Nig have Good capital structure, and Unimech Aero also has Excellent capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Mazagon Dock at 112.16%, while Mishra Dhatu Nig has the lowest at -5.99%. Cochin Shipyard's 1-year return is 1.76%, which is higher than Mishra Dhatu Nig but significantly lower than Mazagon Dock. Additionally, Mishra Dhatu Nig is the only peer with a negative six-month return.

Who are in the management team of Cochin Shipyard?

As of March 2022, the management team of Cochin Shipyard includes Madhu Sankunny Nair (Chairman & Managing Director), Bejoy Bhasker (Director Technical), Jose V J (Director Finance & CFO), and several other directors, both official and independent, overseeing the company's operations and strategy.

As of March 2022, the management team of Cochin Shipyard includes the following individuals:<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>6. Rajesh Kumar Sinha - Official Director (Part time)<BR>7. Biju Prabhakar - Official Director (Part time)<BR>8. VIKRAM SINGH - Official Director (Part time)<BR><BR>Additionally, there are several Non-Official Independent Directors:<BR>1. Ashok Sharma<BR>2. M Venkatesan<BR>3. Prithviraj Harichandan<BR>4. Abhijit Biswas<BR>5. Amrapali Prashant Salve<BR>6. Nahar Singh Maheshwari<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

What does Cochin Shipyard do?

Cochin Shipyard Ltd, a government-owned company established in 1972, specializes in shipbuilding within the Aerospace & Defense industry, reporting net sales of ₹17,576 Cr and a net profit of ₹2,872 Cr for Q1 2025. It has a market cap of ₹50,402 Cr and key metrics include a P/E ratio of 62.00 and a dividend yield of 0.51%.

Overview:<BR>Cochin Shipyard Ltd is a large-cap company operating in the Aerospace & Defense industry, primarily engaged in shipbuilding operations.<BR><BR>History:<BR>Cochin Shipyard Ltd was incorporated 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 net sales and profit is March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 17,576 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 2,872 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 50,402 Cr (Large Cap)<BR><BR>Key Metrics:<BR>P/E: 62.00 <BR>Industry P/E: 55 <BR>Dividend Yield: 0.51% <BR>Debt Equity: -0.46 <BR>Return on Equity: 14.83% <BR>Price to Book: 9.07 <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

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%.

How big is Cochin Shipyard?

As of 24th July, Cochin Shipyard Ltd has a market capitalization of 49,199.00 Cr, with Net Sales of 4,819.96 Cr and a Net Profit of 827.34 Cr for the latest four quarters. The company reported Shareholder's Funds of 5,003.34 Cr and Total Assets of 11,937.97 Cr for the annual period ending in March 2024.

As of 24th July, Cochin Shipyard Ltd has a market capitalization of 49,199.00 Cr, categorizing it as a Large Cap company.<BR><BR>In the latest four quarters, Cochin Shipyard reported Net Sales of 4,819.96 Cr and a Net Profit of 827.34 Cr.<BR><BR>For the latest annual period ending in March 2024, the company had Shareholder's Funds amounting to 5,003.34 Cr and Total Assets of 11,937.97 Cr.

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.

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.

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.

Are Cochin Shipyard Ltd latest results good or bad?

Cochin Shipyard Ltd's latest results show mixed performance; while revenue increased by 17.67% to ₹1,350.41 crores, net profit fell by 18.26% to ₹144.67 crores, and operating margins contracted significantly, indicating potential challenges ahead for the company's financial health.

Cochin Shipyard Ltd's latest results indicate a mixed performance, leaning towards negative trends. In the December 2025 quarter, the company reported a revenue increase of 17.67% year-on-year, reaching ₹1,350.41 crores. However, this growth did not translate into profitability, as net profit fell by 18.26% to ₹144.67 crores compared to the same quarter last year.<BR><BR>A significant concern is the sharp contraction in operating margins, which dropped to 13.82% from 20.69% a year ago. This margin compression suggests rising operational inefficiencies and cost pressures, particularly with employee costs and interest expenses surging significantly. The reliance on non-operating income for profitability further raises questions about the sustainability of earnings quality.<BR><BR>Overall, while revenue growth is a positive sign, the decline in net profit and operating margins points to underlying challenges that could affect the company's financial health moving forward. Investors may need to be cautious given these trends.

Should I buy, sell or hold Cochin Shipyard Ltd?

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.

Why is Cochin Shipyard Ltd falling/rising?

As of 01-Feb, Cochin Shipyard Ltd's stock price is declining, currently at 1,555.25, influenced by negative financial results and underperformance in its sector. The stock has seen a significant drop, with concerns over high valuation metrics and modest long-term growth prospects contributing to the downward trend.

As of 01-Feb, Cochin Shipyard Ltd's stock price is falling, currently at 1,555.25, which reflects a decrease of 104.6 points or 6.3%. This decline is influenced by several factors. The stock has underperformed its sector today, with a performance lag of 1.18%. It reached an intraday low of Rs 1,497.15, marking a significant drop of 9.8%. Additionally, the broader shipbuilding sector has also experienced a downturn, falling by 5.23%.<BR><BR>The company's recent financial performance has contributed to the negative sentiment surrounding the stock. Cochin Shipyard has reported negative results for the last two consecutive quarters, with a notable decline in profit before tax (PBT) and profit after tax (PAT), falling by 35.60% and 18.3%, respectively. Furthermore, the company's operating profit has grown at a modest annual rate of only 2.61% over the past five years, indicating poor long-term growth prospects.<BR><BR>Despite generating a return of 6.63% over the past year, the company's profits have decreased by 9%, and it is trading at a premium compared to its peers, with a price-to-book value of 7.2. This expensive valuation, combined with the lowest cash and cash equivalents recorded at Rs 2,668.37 crore, raises concerns among investors.<BR><BR>In summary, the combination of disappointing financial results, underperformance relative to the sector, and high valuation metrics are driving the stock price of Cochin Shipyard Ltd downwards.

Which are the latest news on Cochin Shipyard?