Cochin Shipyard Limited
NSE: COCHINSHIP · Industrial Manufacturing · sector
₹1,133.90NSE close 2026-10-26
Key numbers
Market cap₹29,831 cr
Price₹1,133.90
52w high / low₹1,864 / ₹1,134
P/E43.9xSector median 30.3x
P/B5.1xSector median 3.0x
Book value₹223.2
Dividend yield0.86%Sector median 0.65%
ROE11.9%Sector median 10.1%
ROCE15.2%Sector median 11.7%
OPM15.1%Sector median 11.2%
Debt / equity0.19xSector median 0.26x
EV/EBITDA37.4xSector median 23.2x
Interest cover10.0x
Current ratio1.33x
Sales growth 3y+28.5%Sector median +18.4%
Profit growth 3y+33.0%Sector median +32.6%
PEG1.33x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 8 companies in Industrial Manufacturing (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2,406 cr vs borrowings ₹1,099 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 10.0x in the last 12 months.
- Promoter holding fell by 4.58 percentage points in a year, to 63.33% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY24).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 62% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,133.90 on 2026-10-26: -39.2% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,258.20 · low ₹1,133.90
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,143 | 1,148 | 1,758 | 1,069 | 1,119 | 1,350 | 1,484 | 1,094 |
| EBITDA | 197 | 237 | 266 | 241 | 74 | 187 | 310 | 193 |
| OPM % | 17.3% | 20.7% | 15.1% | 22.6% | 6.6% | 13.8% | 20.9% | 17.7% |
| Other income | 101 | 47 | 157 | 54 | 127 | 71 | 157 | 67 |
| Net profit | 189 | 177 | 287 | 188 | 108 | 145 | 276 | 151 |
| EPS (₹) | 7.18 | 6.73 | 10.92 | 7.14 | 4.09 | 5.50 | 10.51 | 5.76 |
| Revenue YoY | -2.2% | +17.7% | -15.6% | +2.4% | ||||
| Profit YoY | -43.1% | -18.3% | -3.7% | -19.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,191 | 2,365 | 3,830 | 4,820 | 5,022 | 5,047 |
| EBITDA | 620 | 315 | 869 | 878 | 811 | 763 |
| Net profit | 564 | 305 | 783 | 827 | 717 | 680 |
| EPS (₹) | 21.43 | 11.58 | 29.77 | 31.45 | 27.24 | 25.86 |
| Revenue growth | -25.9% | +62.0% | +25.8% | +4.2% | -1.4% | |
| Profit growth | -46.0% | +157.1% | +5.6% | -13.4% | -19.1% | |
| Dividend / share (₹) | 15.50 | 17.75 | 14.50 | 9.75 | 9.75 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +28.5% | +12.2% | -1.4% |
| Net profit | +33.0% | +3.3% | -19.1% |
| EPS | +33.0% | +3.3% | – |
| Share price | – | -12.7% (2y) | -35.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 4,428 | 5,003 | 5,579 | 5,873 |
| Borrowings | – | 133 | 23 | 69 | 1,099 |
| Cash & equivalents | – | 4,758 | 3,864 | 3,113 | 2,406 |
| Total assets | – | 10,021 | 12,074 | 13,399 | 14,531 |
| Fixed assets | – | 943 | 949 | 3,034 | 3,156 |
| Capital work in progress | – | 1,602 | 2,195 | 515 | 586 |
| Investments | – | 0 | 0 | 0 | 113 |
| Receivables | – | 338 | 355 | 229 | 423 |
| Inventory | – | 373 | 1,026 | 1,885 | 2,288 |
| Payables | – | 216 | 497 | 501 | 962 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1,397 | 1,889 | -172 | -297 | -1,234 |
| Cash from investing | -472 | -35 | 1,056 | 538 | 327 |
| Cash from financing | -239 | -276 | -371 | -277 | 696 |
| Capex | 175 | 45 | 30 | 403 | 70 |
| Free cash flow | 1,223 | 1,844 | -202 | -700 | -1,304 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 6.9% | 15.7% | 14.8% | 12.2% |
| ROCE % | – | 9.9% | 22.0% | 20.6% | 15.7% |
| Debtor days | – | 52 | 34 | 17 | 31 |
| Inventory days | – | 122 | 216 | 323 | 379 |
| Payable days | – | 71 | 104 | 86 | 159 |
| Cash conversion cycle (days) | – | 103 | 146 | 254 | 251 |
| Working capital days | – | 311 | 202 | 181 | 191 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 63.33% |
| FIIs | 3.07% |
| DIIs | 11.25% |
| of which Mutual funds | 4.96% |
| of which Insurance | 6.20% |
| Government | 0.00% |
| Public (non-institutions) | 22.34% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 67.91% | 67.91% | 67.91% | 67.91% | 67.91% | 67.91% | 67.91% | 63.33% |
| Promoter group | % |
|---|---|
| The President Of India | 63.33% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation Of India | 4.56% |
| Nippon Life India Trustee Ltd-A/C Nippon India Nifty Midcap 150 Index Fund | 1.04% |
| Hsbc Mutual Fund - Hsbc Midcap Fund | 1.03% |
9,46,353 shareholders. Pledged: – of promoter shares.
Peers in Industrial Manufacturing
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MAZDOCK | ₹75,634 cr | 26.5x | 7.8x | 32.3% | 35.3% | 19.3% | +18.4% | 1.02% |
| COCHINSHIP | ₹29,831 cr | 43.9x | 5.1x | 11.9% | 15.2% | 15.1% | +28.5% | 0.86% |
| SWANDEF | ₹14,207 cr | 34.2x | 6.3x | 27.9% | -5.0% | -90.3% | – | – |
| TITAGARH | ₹8,746 cr | 45.8x | 3.6x | 7.7% | 12.0% | 11.2% | +18.2% | 0.56% |
| JWL | ₹7,462 cr | 46.4x | 2.5x | 5.8% | 8.1% | 11.2% | +12.1% | 0.56% |
| TEXRAIL | ₹4,022 cr | 18.5x | 1.7x | 8.3% | 11.5% | 8.8% | +25.0% | 0.74% |
| ORIRAIL | ₹762 cr | 14.7x | 1.7x | 12.3% | 12.6% | 15.5% | +62.1% | 0.09% |
| HRYNSHP | ₹56 cr | 2.4x | 0.4x | 2.8% | 0.5% | -351.7% | -59.9% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Ship building | ₹3,366 cr | 62.0% | ₹673 cr | 20.0% |
| Ship Repair | ₹1,656 cr | 30.5% | ₹429 cr | 25.9% |
| Unallocated | ₹410 cr | 7.5% | ₹-11 cr | -2.7% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-18 | Dividend | Dividend - Rs 1.5 Per Share |
| 2026-02-03 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2025-11-18 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2025-09-12 | Dividend | Dividend - Rs 2.25 Per Share |
| 2025-02-12 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2024-11-19 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2024-09-23 | Dividend | Annual General Meeting/Dividend - Rs 2.25 Per Share |
| 2024-02-12 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2024-01-10 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share |
| 2023-11-20 | Dividend | Interim Dividend - Rs 8 Per Share |
| 2023-09-21 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2023-02-22 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2022-11-21 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2022-09-21 | Dividend | Annual General Meeting/Dividend - Rs 3.75 Per Share |
| 2022-02-21 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2021-11-23 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2021-09-21 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2021-02-23 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2021-01-13 | Dividend | Interim Dividend - Rs 9.00 Per Share |
| 2020-09-21 | Dividend | Annual General Meeting/Dividend - Rs 15 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Ship Building
- Service: Ship Repair
| Sector | Industrials |
| Industry | Industrial Manufacturing |
| Sub-industry | Ship Building & Allied Services |
| Symbol | COCHINSHIP |
| BSE code | 540678 |
| ISIN | INE704P01025 |
| Face value | ₹5.0 |
| Incorporated | 1972-03-29 |
| Website | www.cochinshipyard.in |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.