Live Cochin Shipyard Share Price Chart

O 877.2

H 877.9

L 875.7

VOL 9946

Cochin Shipyard Performance

Days Range

Low: ₹870.00
High: ₹877.90
Previous Close ₹873.80
Open ₹877.20
Volume 1,32,309
Day’s Range ₹870.00 - ₹877.90
52W Range ₹205.20 - ₹945.00
Market Cap ₹22,988 Cr

Cochin Shipyard Fundamentals

ROCE (TTM) 10.4
P/E Ratio (TTM) 40.83
P/B Ratio 4.89
Industry P/E 42.17
Debt to Equity 0.13
ROE 8.25
EPS (TTM) 19.84
Dividend Yield 0.57
Book Value 178.76
Face Value 5

Cochin Shipyard Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales600.09475.861,011.721,056.4
Expenses678.04413.81839.39765.87
Profit before tax56.57137.36251.38340.04
Operating Profit39.3498.65181.53244.38
Net Profit39.3498.65181.53244.38
EPS in Rs-1.717.513.818.58

About Cochin Shipyard

History

Established in 1972 as a wholly owned company of the government of India, Cochin Shipyard has become a prominent leader in the Indian Shipbuilding and Ship repair industry over the past 3decades. This company possesses the capability to construct and repair some of the largest vessels in India, with the capacity to build ships of up to 1,10,000 Deadweight Tons (DWT) and repair ships of up to 1,25,000 DWT, as of September 2022. Notably, the yard has successfully delivered two of India’s largest double-hull Aframax tankers, each with a DWT of 95,000.

Since its initiation of ship repair operations in 1982, the yard has handled various vessel repairs, including oil exploration ships, periodical lay-up repairs, and life extension projects for the Navy, UTL, Coast Guard, Fisheries, Port Trust, and merchant fleets. Over time, the yard has developed capabilities to manage intricate and advanced repair tasks.

On November 18, 2015, the government made a significant decision regarding the sale of stakes. A total of 33.9 million shares were earmarked for sale, with the government holding 113,000 shares, while the rest constituted newly issued equity. 

However, the execution of this decision was delayed until August 2017, when the company successfully conducted its Initial Public Offering (IPO) and subsequently listed its shares on both the BSE and NSE. The government still owns a 72.86% stake in Cochin Shipyard 

Cochin Shipyard has established partnerships with specialist firms from regions such as the Near East, Far East, South East, Europe, and the USA for technology transfer and material packages related to shipbuilding, ship repair, platforms, rigs, and yard facility upgrades. The yard has also been chosen to construct India’s first indigenous Air Defence Ship. 

Shipyard plays a crucial role in training graduate engineers to become marine engineers who later serve on both Indian and foreign ships, providing 100 such engineers with training annually.

Business Segments 

  1. Ship Building: Cochin Shipyard Limited (CSL), the first Greenfield and the most advanced shipbuilding yard in India, is renowned for its exceptional craftsmanship in constructing high-quality ships. Leveraging its proven expertise, CSL offers a versatile range of products, including Tankers, Product Carriers, Bulk Carriers, Passenger Vessels, High Bollard Pull Tugs, and Air Defence Ships.
  2. Ship Repair: CSL ventured into ship repair services in 1982 and has since excelled in upgrades and repairs for various ship types, including those in the oil exploration industry. With an extensive portfolio of over 2,500 successful ship repair projects, CSL serves clients from both the Defense and Commercial sectors. The yard has established a strong rapport with the Indian Navy, conducting refits and maintenance for their fleet. 

A notable distinction is CSL being the sole yard in India equipped for dry dock repairs of the Indian Navy’s Aircraft carriers. CSL has notably completed multiple refits of INS Viraat and INS Vikramaditya, the Aircraft Carriers owned by the Indian Navy. Additionally, CSL undertakes upgrades for vessels in the oil exploration sector, along with periodic maintenance and life extension services, reflecting its comprehensive capabilities beyond mere repairs.

Subsidiaries of Cochin Shipyard Limited

1. Udupi Cochin Shipyard Limited 

In September 2020, Udupi Cochin Shipyard Limited (UCSL) became a wholly owned subsidiary of CSL through the Insolvency and Bankruptcy Code (IBC) process. This facility is located in Udupi, Karnataka, and its operations began in July 2021. CSL’s Udupi facility is equipped with advanced infrastructure, enabling it to provide top-notch shipbuilding services tailored to the specific needs of smaller and medium-sized vessels in both domestic and international markets.

2. Howrah Cochin Shipyard Limited 

Situated on the banks of the Hooghly River in Nazirgunge, Howrah Cochin Shipyard Limited (HCSL) is another wholly owned subsidiary of CSL. This compact shipyard in Howrah, West Bengal, is dedicated to the construction of high-quality inland and coastal vessels. The state-of-the-art facility was officially inaugurated on August 16, 2022. With its strategic location and efficient design, HCSL is well-prepared to deliver exceptional shipbuilding services for inland and coastal purposes, ensuring the construction of vessels that adhere to rigorous quality standards.

Key Personnel 

  1. Madhu S. Nair, Chairman and Managing Director 

Mr Madhu S. Nair assumed the role of Chairman and Managing Director at Cochin Shipyard on January 1, 2016. With over 34 years of professional experience at Cochin Shipyard Ltd, Mr Nair’s journey began as an Executive Trainee in June 1988. His expertise spans various aspects of shipyard management. Under Mr Nair’s leadership, Cochin Shipyard Ltd successfully went public and is currently engaged in two major expansion projects valued at ₹2,769 crores. The company is also diversifying into the inland waterways transport vessel segment by establishing a subsidiary company in Kolkata.

Corporate Actions 

Buy Back 

  1. On March 31, 2018, CSL announced a Buyback Offer for ₹200 crore, which was 6.41% of the equity share capital and free reserves based on the audited financial statements of FY 2017-18. 

Management Outlook 

  • The shipbuilding industry saw a good year in 2022, with about 89 million deadweight tons (dwt) of new orders placed, slightly above deliveries (78.5 million dwt).
  • New building prices continued to increase, rising over 30% on average. However, inflationary levels of major commodity costs like power, petroleum products, steel, copper, aluminium, etc., persisted, eroding profit margins.
  • There is a significant focus on transitioning to green or low-carbon shipping, primarily influenced by the International Maritime Organization’s (IMO) push for a revised GHG Strategy and mid-term measures for zero-GHG technologies. 34% of new build orders by gross tonnage (GT) are oriented towards alternative-fueled technology.
  • The Indian shipbuilding industry has faced challenges, notably in terms of capacity limitations and financing. However, government initiatives like the Ship Building Financial Assistance (SBFA) policy aim to provide support to Indian yards, while regulations on older vessels and initiatives like Maritime India Vision 2030 (MIV 2030) set ambitious targets to bolster the industry.
  • CSL’s ship repair business has grown significantly, with facilities in multiple locations. They are investing in a state-of-the-art Ship Lift System with six work stations and are expanding ship repair units across the Indian coast.
Parent Organisation Govt of India
Founded 1972
Managing Director Madhu Sankunny Nair
NSE Symbol COCHINSHIP

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Cochin Shipyard FAQs

What is the Share price of Cochin Shipyard (COCHINSHIP)?

Cochin Shipyard (COCHINSHIP) share price as of March 2, 2024, on NSE is Rs 872.35 (NSE) and Rs 872.50 (BSE) on BSE.

Can I buy Cochin Shipyard (COCHINSHIP) shares?

Yes, You can buy Cochin Shipyard (COCHINSHIP) shares by opening a Demat account with Angel One.

How do I buy Cochin Shipyard (COCHINSHIP) from Angel One?

Cochin Shipyard (COCHINSHIP) share can be brought through the following modes:
  1. Direct investment: You can buy Cochin Shipyard (COCHINSHIP) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Cochin Shipyard (COCHINSHIP) shares.

Is Cochin Shipyard a Debt free Company?

No, Cochin Shipyard is not a debt free company.

What is the main business of Cochin Shipyard?

The main business of Cochin Shipyard is to undertake the construction of various kinds of vessels, while also carrying out repairs and refitting, including periodic upgradation and extension of a ship’s life.

Who are the promoters of Cochin Shipyard?

The main promoter of Cochin Shipyard is the President of India with a 72.86% shareholding.

What are the Subsidiaries that comes under Cochin Shipyard?

The two wholly owned subsidiaries that come under Cochin Shipyard are Hooghly Cochin Shipyard Limited and Udupi Cochin Shipyard Limited (previously known as Tebma Shipyards Limited).