COCHINSHIPCapital Goods

Cochin Shipyard Limited

Ship Building & Allied Services · ISIN INE704P01025 · BSE 540678 · NSE EQ · FV ₹5
Last price
₹1,334
+1.16%today
What this company does

Cochin Shipyard Limited operates in Ship Building & Allied Services, part of the Capital Goods sector. It booked ₹1,094 cr of revenue in its latest quarter (Q1 FY27) and kept 13.8% of sales as profit. It is the 2nd largest of 3 Ship Building & Allied Services companies we track, by market value.

In the report:
48out of 100
Equitytale Health Score
Mixed

Healthier than 48% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 77–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
33

At close. Not part of the score.

Profitability & returns42

How much profit it earns on the money it employs

Balance sheet32

How much it owes, and whether earnings cover the interest

Cash quality18

Whether reported profit actually arrives as cash

Growth & consistency79

Whether sales and profit have grown, and how steadily

Valuation46

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
A mixed picture
Strengths
Makes a profit
Promoters hold 68%
No promoter shares pledged
Watch-outs
! Profit down 19% vs last year
! Operating cash flow is negative

What if I invest in COCHINSHIP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,334 +1.16%
latest close · 2026-09-17
52-wk low ₹1,29142 sessions so far52-wk high ₹1,578
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio57.9High
LowAverageHigh
P/B ratio5.98High
Below bookModerateHigh
EV / EBITDA34.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.3%Fair
WeakFairStrong ▸15%
Return on capital13.9%Fair
WeakFairStrong
Net margin13.8%Decent
ThinDecentStrong
EBITDA margin23.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.19Comfortable
LowModerateHigh ▸1
Interest cover9.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.33Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹35,103 cr
Book value
₹223
EPS
₹5.76
latest quarter
Net debt
₹993 cr
owes more than its cash
Enterprise value
₹36,096 cr
EBITDA
₹1,041 cr
annualised
EBIT
₹911 cr
annualised
Operating margin
20.8%
Return on assets
4.2%
Earnings yield
1.73%
P/S
8.02
Sales / share
₹166.4
Tax rate
25.2%
Face value
₹5
Shares
26.3 cr
Working capital
₹2,626 cr
Current assets
₹10,607 cr
Current liabilities
₹7,981 cr
Delivery %
33.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹200₹347, midpoint ₹285

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,094 cr
Other Income₹67 cr
Total Income₹1,161 cr
Cost of Materials₹453 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹127 cr
Finance Costs₹25 cr
Depreciation & Amortisation₹32 cr
Other Expenses₹321 cr
Total Expenses₹959 cr
Profit before Tax₹202 cr
Tax Expense₹51 cr
Net Profit₹151 cr
Net margin on total income13.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹453 cr39.0%
Employee benefit expense₹127 cr10.9%
Finance costs₹25 cr2.2%
Depreciation & amortisation₹32 cr2.8%
Other expenses₹321 cr27.6%
Tax expense₹51 cr4.4%
Profit for the period₹151 cr13.0%
Total income ₹1,161 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,350 cr1,484 cr1,094 cr
Total income1,422 cr1,641 cr1,161 cr
Expenses1,225 cr1,239 cr959 cr
Profit before tax197 cr403 cr202 cr
Tax52 cr126 cr51 cr
Net profit (owners' share)145 cr276 cr151 cr
Net margin (owners' share, on revenue)10.7%18.6%13.8%
EPS (₹)5.5010.515.76
YoY (latest quarter): total income +3.4% · net profit -19.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹14,531 cr
Shareholder equity
₹5,873 cr
parent shareholders
Total debt
₹1,099 cr
Cash
₹105 cr
Cash flow · H1 FY26
Operating
₹-709 cr
Investing
₹130 cr
Financing
₹322 cr
Peer comparison
Ship Building & Allied Services · by market value
CompanyPriceMarket capP/E
Mazagon Dock Shipbuilders Limited₹2,210₹89,147 cr40.6
Cochin Shipyard Limitedthis company₹1,334₹35,103 cr57.9
Swan Defence and Heavy Industries Limited₹2,721₹14,334 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.56%
trailing 12 months
Dividend / share (TTM)
₹7.5
Last dividend
₹3.5
ex 3 Feb 2026
ActionDetailEx-date
Dividend₹3.5 / share3 Feb 2026
Dividend₹4 / share18 Nov 2025
Dividend₹2.25 / share12 Sep 2025
Dividend₹3.5 / share12 Feb 2025
Dividend₹4 / share19 Nov 2024
Dividend₹2.25 / share23 Sep 2024
Who owns it · 2026-06-30
No pledge
Promoter
67.9%
FII / Foreign
2.8%
DII / Domestic
7.0%
Retail / others
22.3%
Promoter stake down 5.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldThe President of India · Promoters1.30 cr · ₹2017.7 cr16 Oct 24
SoldThe President of India acting through the Ministry of Shipping, Government of India · Promoters30.91 L · ₹3.1 cr3 Feb 20
SoldThe President of India acting through the Ministry of Shipping, Government of India · Promoters30.18 L · ₹137.3 cr18 Dec 18
Bulk / block deals
short · NSE115 Sep 26
short · NSE299 Sep 26
short · NSE18431 Aug 26
Stake changes
SoldThe President of India, Ministry of Ports, Shipping and Waterways, Government of India · promoter→ 63.33% · 1.20 cr8 Jul 26
SoldPresident of india, acting through the ministry of Ports, shipping and waterways, Government of india · promoter→ 67.91% · 1.30 cr17 Oct 24
SoldNippon Life India Asset Management Ltd→ 4.09% · 49,2764 Nov 20
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors’ and the Auditors’ thereon.
Backed by 72% of shareholders other than promotersneeded 50%
1.65 cr votes for, 63.04 L against · 28% of mutual funds and other big investors said no
2
To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors’ thereon.
Backed by 72% of shareholders other than promotersneeded 50%
1.65 cr votes for, 63.04 L against · 28% of mutual funds and other big investors said no
3
To confirm the payment of first interim dividend of Rs. 4.00 (80%) per equity share and second interim dividend of Rs. 3.50 (70%) per equity share and to declare final dividend of Rs. 2.25 (45%) per equity share (face value of Rs. 5) for the financial year 2024-25.
Backed by 92% of shareholders other than promotersneeded 50%
2.10 cr votes for, 18.17 L against · 8% of mutual funds and other big investors said no
4
To appoint a Director in place of Shri Jose V J (DIN: 08444440), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 66% of shareholders other than promotersneeded 50%
1.50 cr votes for, 77.83 L against · 34% of mutual funds and other big investors said no
8
Approval of appointment of Shri Venkatesapathy S IAS (DIN: 07407879) as Part-time Official (Nominee) Director.
⚑ Passed only because promoters voted yes
Backed by 44% of shareholders other than promotersneeded 50%
99.57 L votes for, 1.29 cr against · 57% of mutual funds and other big investors said no
9
Approval of appointment of Shri P B Nooh IAS (DIN: 09701541) as Part-time Official (Nominee) Director.
⚑ Passed only because promoters voted yes
Backed by 47% of shareholders other than promotersneeded 50%
1.06 cr votes for, 1.22 cr against · 54% of mutual funds and other big investors said no
10
Approval of appointment of Dr. Seema Suri (DIN: 11117145) as Non-official (Independent) Director.
⚑ Passed only because promoters voted yes
Backed by 64% of shareholders other than promotersneeded 75%
1.46 cr votes for, 81.89 L against · 36% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 67.9% between them · as of 2026-06-30
The President of India67.91%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.