MarketFriction

Cochin Shipyard Ltd

NSE COCHINSHIP · BSE 540678 · Ship Building & Allied Services
₹1,287.00 -2.13%
NSE close2026-10-01
52 week range1,187.00 - 1,929.90
Market cap₹35,761 Cr.
P/E60.5
Nifty 200Nifty 500Nifty Midcap 100Midcap 150Nifty India DefenceNifty CPSE No price band Delivery 37.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9541,0211,2257101,0971,0701,6519779511,1651,214910
Expenses7597109395279018281,398744895999994752
Operating Profit19531128618219624225323456166220158
OPM %20%30%23%26%18%23%15%24%6%14%18%17%
Other Income8856798010045156551277314972
Interest9866911111117263024
Depreciation151514142127222926282828
Profit before tax258345345242266249376249140186312178
Tax %26%28%23%25%28%26%24%24%28%26%31%24%
Net Profit191248265181193184285188101138216136
EPS in Rs7.269.4310.066.877.347.0110.827.143.845.238.235.16
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,9902,0592,3552,9663,4222,8193,1902,3303,6454,5284,3084,240
Expenses1,5981,6691,8902,3922,7082,0922,5552,0572,7603,6423,6163,640
Operating Profit393390465574714727635273885886692600
OPM %20%19%20%19%21%26%20%12%24%20%16%14%
Other Income107154189227247194266268307380403422
Interest121212155057534242499896
Depreciation37393834495354515784111110
Profit before tax4504936057518638117944481,0941,134886816
Tax %35%35%34%36%26%25%26%25%26%26%27%
Net Profit292322397481638610587334813843643591
EPS in Rs12.8814.1914.5918.2924.2423.1922.2912.7130.9132.0424.4422.46
Dividend Payout %30%32%41%36%34%33%38%67%32%30%37%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%9%23%-12%
Compounded Profit Growth8%1%31%-30%
Stock Price CAGR%50%36%-24%
Return on Equity14%13%15%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital113113113136132132132132132132132132
Reserves1,4411,7111,9153,1203,2013,6003,8464,2284,2924,8945,4795,761
Borrowings1231231231231231235325465674895011,575
Other Liabilities1,2141,4021,1702,1031,7932,5542,8933,4134,9196,3666,9346,621
Total Liabilities2,8913,3493,3215,4825,2486,4097,4038,3189,90911,88013,04514,088
Fixed Assets3703703713493757567567407167222,8042,925
CWIP1324541153417681,0621,2471,6032,189511584
Investments000166065214262336355359475
Other Assets2,5082,9542,8975,0014,4724,8195,3716,0697,2548,6149,37210,104
Total Assets2,8913,3493,3215,4825,2486,4097,4038,3189,90911,88013,04514,088
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity66340212632-4482536701,4152,051-173-260-1,253
Cash from Investing Activity164765-1,3281,044-74-446-1,011-226478613282
Cash from Financing Activity-235-32-113812-409-309-405-238-272-371-288667
Net Cash Flow44455165116186-130-1811661,553-6565-304
Free Cash Flow623-6142558-732-2103261,1911,730-789-502-1,391
CFO/OP821%44%93%169%-43%61%107%247%792%2%-13%-162%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1348354904831465052291835
Inventory Days113817098706513065116215324425
Days Payable64745983848513037699554179
Cash Conversion Cycle18491661043410467899150289280
Working Capital Days-71-95-57-114-279-5-92-426-174-5520
ROCE %7%26%25%22%22%25%21%18%9%22%20%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.86%72.86%72.86%72.86%72.86%67.91%67.91%67.91%67.91%67.91%67.91%67.91%
FIIs5.82%4.11%5.23%4.94%3.84%2.91%2.88%3.87%3.22%2.74%3.10%2.83%
DIIs2.24%2.20%2.45%2.50%3.00%6.63%6.82%6.33%6.48%6.47%6.05%6.96%
Public19.07%20.84%19.47%19.71%20.31%22.54%22.39%21.90%22.38%22.88%22.95%22.30%
No. of Shareholders2,66,4372,92,2123,96,3276,34,0758,41,9689,81,56710,11,97010,11,54110,03,9309,90,2919,86,1569,66,293

Fundamentals

Market Cap₹ 35,761 Cr.
Current Price₹ 1,359
Stock P/E60.5
Book Value₹ 224
ROCE14.5 %
ROE11.2 %
Dividend Yield0.66 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-12%
Compounded Profit Growth (TTM)-30%
Standalone figures.
Valuation
Market capRs 33,858 Cr
Enterprise valueRs 33,156 Cr
P/E (TTM)57.29x
Price to book5.75x
Price to sales7.99x
EV / EBITDA32.44x
EV / EBIT36.35x
EV / sales7.82x
Earnings yield1.75%
Dividend yield0.70%
P/E, 3-year average40.32x
P/B, 3-year average5.50x
P/E, 5-year average26.72x
P/B, 5-year average3.53x
Profitability
Operating margin (excl. other income)16.07%
Operating margin (incl. other income)25.43%
EBITDA margin24.10%
Pre-tax margin19.25%
Net profit margin13.94%
Net margin, latest quarter14.92%
ROE11.18%
ROCE14.50%
ROA4.74%
ROE, 3-year average14.75%
ROCE, 3-year average18.83%
ROA, 3-year average6.32%
ROE, 5-year average13.19%
ROCE, 5-year average16.88%
ROA, 5-year average6.02%
ROIC (approx.)12.75%
Tax rate27.45%
Other income / net worth6.85%
Growth
Sales growth (latest year)-4.86%
Profit growth (latest year)-23.71%
Sales CAGR, 3 years22.73%
Sales CAGR, 5 years8.85%
Profit CAGR, 3 years24.34%
Profit CAGR, 5 years1.06%
Sales growth QoQ-25.02%
Profit growth QoQ-37.25%
Sales growth YoY (latest quarter)-6.91%
Profit growth YoY (latest quarter)-27.71%
Per share
EPS (TTM)Rs 22.46
EPS (latest year)Rs 24.44
EPS (latest quarter)Rs 5.16
EPS, 3-year averageRs 29.13
EPS, 5-year averageRs 31.48
Book value per shareRs 223.99
Sales per shareRs 161.17
Cash flow per shareRs -47.62
Free cash flow per shareRs -52.87
Dividend per share (latest year)Rs 9.00
Dividend per share, 3-year averageRs 9.50
Dividend per share, 5-year averageRs 12.45
Dividends
Dividend payout36.82%
Dividend payout, 3-year average32.93%
Dividend payout, 5-year average40.64%
Efficiency
Asset turnover0.31x
Fixed asset turnover1.47x
Inventory turnover1.37x
Inventory days266 days
Debtor days35 days
Debtors turnover10.46x
Creditor days179 days
Cash conversion cycle280 days
Working capital days20 days
Leverage
Total debtRs 1,575 Cr
Cash and bankRs 2,277 Cr
Net debtRs -702 Cr
Debt to equity0.27x
Net debt / EBITDA-0.69x
Interest coverage9.49x
Current ratio (filing 2026-03-31)1.33x
Quick ratio (filing 2026-03-31)1.05x
Trade payables (filing 2026-03-31)Rs 905 Cr
Owners' fund to total sources41.83%
Debt to assets11.18%
Cash flow
Cash from Operating Activity (latest year)Rs -1,253 Cr
Cash from Investing Activity (latest year)Rs 282 Cr
Cash from Financing Activity (latest year)Rs 667 Cr
Net Cash Flow (latest year)Rs -304 Cr
Free cash flow (latest year)Rs -1,391 Cr
FCFE (approx.: FCF + change in debt)Rs -317 Cr
Cash from ops / profit, 5 years0.55x
Statement figures
Net sales (TTM)Rs 4,240 Cr
Net sales (latest year)Rs 4,308 Cr
Sales (latest quarter)Rs 910 Cr
Operating profit excl. other income (latest year)Rs 692 Cr
Operating profit (latest quarter)Rs 158 Cr
Other income (TTM)Rs 422 Cr
EBITDA (TTM)Rs 1,022 Cr
PBDT (TTM)Rs 926 Cr
Profit before tax (TTM)Rs 816 Cr
Tax (latest year)Rs 243 Cr
Net profit (TTM)Rs 591 Cr
Net profit (latest year)Rs 643 Cr
Net profit (latest quarter)Rs 136 Cr
Depreciation (TTM)Rs 110 Cr
Depreciation (latest quarter)Rs 28 Cr
Interest (TTM)Rs 96 Cr
Cost of goods sold (latest year)Rs 2,942 Cr
Total expenditure (latest year)Rs 3,616 Cr
Total income (latest year)Rs 4,711 Cr
Share capitalRs 132 Cr
ReservesRs 5,761 Cr
Shareholders' fundsRs 5,893 Cr
Total assetsRs 14,088 Cr
Net blockRs 2,925 Cr
Capital work in progressRs 584 Cr
InvestmentsRs 475 Cr
ReceivablesRs 412 Cr
InventoryRs 2,142 Cr
Other liabilitiesRs 6,621 Cr
Shares outstanding (crore)26.31
Ownership
Promoter holding67.91% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 57.3 is at the 83th percentile of its own 9.2-year range (median 13.0, low 6.2, high 153.2).
P/B 5.75 is at the 73th percentile (median 1.63).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodCOCHINSHIPNifty 50Difference
1 week-6.1%-2.8% -3.3 pts
1 month-12.8%-6.8% -6.0 pts
3 months-15.6%-7.6% -7.9 pts
6 months+7.9%+0.4% +7.5 pts
1 year-33.2%-9.9% -23.3 pts
2 years-27.7%-13.6% -14.1 pts
3 years+137.2%+14.2% +123.0 pts
5 years+615.3%+27.9% +587.4 pts
108 mutual fund schemes hold about ₹1,893 Cr. Over three months 100 bought more and 4 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HSBC Midcap Fund1.80%310 +71%
Quant Mid Cap Fund2.96%239 +100%
Motilal Oswal Nifty India Defence Index Fund3.17%175 +16%
Mahindra Manulife Mid Cap Fund2.00%108 +49%
Kotak Arbitrage Fund(M0.11%83 +100%
Canara Rob Mid Cap Fund1.51%79 +165%
HSBC Large & Mid Cap Fund0.94%56 +100%
Edelweiss Large & Mid Cap Fund0.95%47 +100%
HDFC Defence Fund0.40%45 +100%
Aditya Birla SL Nifty India Defence Index Fund3.17%44 +16%
HSBC Flexi Cap Fund0.70%42 +100%
Aditya Birla SL Arbitrage Fund0.15%41 +100%
SBI Arbitrage Fund0.08%39 +100%
Edelweiss Mid Cap Fund0.19%38 +100%
Quant PSU Fund8.69%37 +100%
Mahindra Manulife Aggressive Hybrid Fund(M1.27%35 +46%
Mirae Asset Arbitrage Fund0.89%35 +100%
Mirae Asset Arbitrage Fund0.89%34 +100%
Sundaram Aggressive Hybrid Fund(M0.35%33 +100%
Baroda BNP Paribas Mid Cap Fund1.11%29 +100%
Mahindra Manulife Flexi Cap Fund1.47%23 +44%
Mahindra Manulife Large & Mid Cap Fund0.77%23 +100%
ICICI Pru Arbitrage Fund0.06%21 +100%
Mahindra Manulife Business Cycle Fund1.51%21 +42%
Canara Rob Manufacturing Fund0.99%17 +100%

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -73% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 13% of total assets in 2026
explainDebt up, profit down Borrowings up 214% while net profit fell in 2026
lookProfit leans on other income Other income was 46% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-08-27: Cochin Shipyard Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2024-10-17The President of IndiaPromoterssell13,015,689Rs 2017.71 CrMarket Sale
2020-02-03The President of India acting throPromotersother3,090,978Rs 3.09 CrOff Market
2018-12-18The President of India acting throPromotersother3,017,558Rs 137.30 CrOthers
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹910 Cr -6.9% vs Jun 2025. Net profit ₹136 Cr -27.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Rs 1.5 Per Share
2026-02-03Interim Dividend - Rs 3.50 Per Share
2025-11-18Interim Dividend - Rs 4 Per Share
2025-09-12Dividend - Rs 2.25 Per Share
2025-02-12Interim Dividend - Rs 3.50 Per Share
2024-11-19Interim Dividend - Rs 4 Per Share
2024-09-23Annual General Meeting/Dividend - Rs 2.25 Per Share
2024-02-12Interim Dividend - Rs 3.50 Per Share
2024-01-10Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2023-11-20Interim Dividend - Rs 8 Per Share
2023-09-21Annual General Meeting/Dividend - Rs 3 Per Share
2023-02-22Interim Dividend - Rs 7 Per Share
2022-11-21Interim Dividend - Rs 7 Per Share
2022-09-21Annual General Meeting/Dividend - Rs 3.75 Per Share
2022-02-21Interim Dividend - Rs 7 Per Share
2021-11-23 Interim Dividend - Rs 6 Per Share
2021-09-21 Annual General Meeting/Dividend - Rs 2.50 Per Share
2021-02-23 Interim Dividend - Rs 4 Per Share
2021-01-13 Interim Dividend - Rs 9.00 Per Share
2020-09-21 Annual General Meeting/Dividend - Rs 15 Per Share
2019-11-21 Interim Dividend - Rs 1.63 Per Share
2019-08-05 Annual General Meeting/Dividend - Rs 13 Per Share
2018-10-30 Buy Back
2018-08-06 Dividend- Rs 12 Per Share
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-24AcquisitionDisclosure pursuant to Regulation 30 of the SEBI LODR Regulations
2026-09-18Concall / analyst meetTranscript
2026-09-11AgreementsAgreements
2026-09-10Concall / analyst meetLink of Recording
2026-09-10Investor PresentationInvestor Presentation
2026-09-09UpdatesComments Of The Board Of Directors Of The Company Pursuant To SEBI Master Circular Dated January 30, 2026.
2026-09-09Board meeting outcomeCSL Board approves the proposal for forming a joint venture with Drydocks World Dubai FZCO (DDW)
2026-09-07Concall / analyst meetSchedule of meet
2026-09-04Record DateRecord date for the purpose of Dividend is 18-Sep-2026.
2026-09-04Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-08-27Regulatory actionAction(s) taken or orders passed
2026-08-17AppointmentAppointment of Dr. Vani Ahluwalia as Non-Official (Independent) Director of the company.
2026-08-14UpdatesComments of the Board of Directors of the Company pursuant to SEBI Master Circular dated January 30, 2026".
2026-08-14Board meeting outcomeCochin Shipyard Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11Change in ManagementChange in Management
2026-07-29UpdatesExtension of additional charge of the post of Chairman & Managing Director to Shri Jose V J, Director (Finance).
2026-07-17Director changeChange in Director(s) of the company.
2026-07-10UpdatesDisclosure pursuant to Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 ( PIT Regulations ).
2026-07-07Offer for saleIts intention to exercise over-subscription option for 66,29,636 equity shares.
2026-07-06Offer for saleAn announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 66,29,636 Equity shares of face value of INR 5/- each of...
2026-06-11AcquisitionDisclosure pursuant to Regulation 30 of the SEBI LODR Regulations
2026-06-01UpdatesExtension of additional charge of the post of Chairman & Managing Director to Shri Jose V J, Director (Finance).
2026-05-28Regulatory actionAction(s) taken or orders passed
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.45
Max pain (expiry 2026-10-27)1,340
Largest call open interest at1,600
Largest put open interest at1,200
Implied volatility, at the money28.6%
Underlying at snapshot1,287.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-307,580
2026-09-292,780
2026-09-28400
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Cochin Shipyard Ltd?

Cochin Shipyard Ltd (COCHINSHIP) has a market capitalisation of Rs 35,761 Cr. at the 2026-10-01 close.

What is the P/E ratio of Cochin Shipyard Ltd?

Cochin Shipyard Ltd trades at a P/E of 60.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Cochin Shipyard Ltd's latest quarterly results?

In the Jun 2026 quarter, Cochin Shipyard Ltd sales was Rs 910 Cr (-6.9% vs Jun 2025) and net profit was Rs 136 Cr.

What is the 52-week high and low of Cochin Shipyard Ltd?

The 52-week high is Rs 1,929.90 and the 52-week low is Rs 1,187.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03