Cochin Shipyard Ltd is the largest shipbuilding and maintenance facility in India. It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India. Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers.
Shipbuilding share Cochin shipyard limited has said the following things in the press releases:
- Cochin Shipyard Limited (CSL) has signed a contract for building six Next Generation Missile Vessels (NGMV) for the Indian Navy at a cost of Rs 9,805 crore. The delivery of ships is scheduled to commence from March 2027.
- Cochin Shipyard Limited, bagged another prestigious international order with a European client for construction of hybrid Service Operation Vessels (‘SOVs’) for the offshore wind renewables market, with an option for one more. These SOVs are designed by VARD AS, Norway and built for the service, maintenance, and operational needs of the offshore wind industry.
In March 2024, hon’ble prime minister of India, Narendra modi visited kochi and inaugurated Rs 4000 crore worth of infrastructure project in Kochi. The chairman of cochin shipyard limited has expressed his confidence about Kochi being developed as a largest ship repair centre in South Asia.
The world’s ageing fleets are finding it difficult to comply with the new regulations, which is driving up demand for fleet replacements and positioning the shipbuilding industry for further expansion.
Less than 1% of the $140-billion global shipbuilding sector is controlled by India. So, there are huge opportunities for Cochin Shipyard limited to grow.
Some important numbers about Cochin Shipyard Limited that you need to know
Q4FY24 Result update (all numbers are in Rs crore)
| Revenue | 1286 (vs 600 YOY) |
| EBITDA | 368 (vs 64 YOY) |
| PAT | 259 (vs 39 YOY) |
| EPS | 9.84 (vs 1.5 YOY) |
Some fundamental numbers about Cochin Shipyard limited (as on 26th May, 2024)
| CMP | 1913 |
| 52 Week High/Low | 2034 / 240 |
| Stock PE | 64.2 |
| ROE | 16.6% |
| ROCE | 21% |
| Debt to Equity ratio | 0.10 |
| Promoter holding/ Pledge percentage | 72.86% / 0.0% |
Shares of Cochin Shipyard limited traded on 52 week high price of Rs 2034 and closed at Rs 1913 on 24th May, 2024.
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