| Management target | Revenue FY31 |
|---|
| Revenue growth | 2.4% YoY growth driven by three vessel deliveries in Q1. |
|---|---|
| Margins | EBITDA margin at 24%; PAT margin contracted to 14%. |
| Order book | Current order book ₹22,000 Cr; L1 for additional ₹5,000 Cr. |
| Demand visibility | Strong visibility through government green tug and defense vessel programs. |
| Management confidence | Balanced, focused on strategic joint ventures for operational efficiency. |
Growth
Revenue grew 2.4% YoY to ₹1,094 Cr; however, PAT dropped 19% YoY due to unfavorable vessel delivery mix.
Outlook
Order book expected to reach ₹27,000 Cr; targeting ₹640 Cr revenue from green JV by year five.
Risks
High concentration in low-margin ship building and negative operating cash flow due to inventory buildup.
Last quarter's promises, checked
Delivered
- Guided ISRF & Drydock completion → Operationalized in Q1 (= BEAT)
- Guided 14-15% top-line growth → Revenue grew 38% YoY to ₹1,068 Cr (= BEAT)
- Guided shipbuilding margin 10-12% → EBITDA margin at 28% (= BEAT)
Partly delivered
- Guided 15% PAT margin → Delivered 18% in Q1 (= BEAT)
Missed
- Guided ₹1,500 Cr ship repair revenue FY26 → Reported ₹250 Cr in Q1 (= MISS)
Earnings Call Transcript filed with NSE, NSE: COCHINSHIP. Summary written with AI assistance from the document.
Cochin Shipyard Ltd: key numbers
- Share price
- ₹1,377.00
- Market cap
- ₹36,226 Cr
- Revenue (annual)
- ₹5,022 Cr
- Net profit (annual)
- ₹716.7 Cr
- P/E (TTM)
- 53.3×Sector 29.0×
- Promoter holding
- 67.91%+0.00% QoQ
- FII holding
- 2.83%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Cochin Shipyard Ltd
All →Cochin Shipyard Acquisition
Cochin Shipyard Limited executed a Share Purchase Agreement to acquire a 23% stake in Conoship International Holding B.V., Netherlands. This strategic move aims to enhance European ship design capabilities and market presence.
Cochin Shipyard Acquisition Worth ₹25.07 Cr
Cochin Shipyard Limited has executed agreements to acquire a 23% stake in Netherlands-based Conoship International Holding B.V. The cash acquisition is valued at 2.30 Million Euros.
- Value
- ₹25.07 Cr
- Execution
- Within 2 months
Cochin Shipyard Merger & Restructuring
Cochin Shipyard Limited has executed a formal Joint Venture Agreement with Drydocks World Dubai (DDW), a DP World company.
Cochin Shipyard Investor Presentation: Key Takeaways
CSL reported Q1FY26 revenue of ₹1,094 Cr with 14% PAT margin. Company is transitioning ISRF into a JV with DP World and expanding with major brownfield projects in Kochi and Vadinar.
Cochin Shipyard Legal & Regulatory
Cochin Shipyard Board commented on Rs. 0.19 Crore LODR non-compliance fines from BSE and NSE for independent director vacancies. Board advised filing waiver requests with stock exchanges.
- Value
- ₹0.19 Cr
Cochin Shipyard Merger & Restructuring Worth ₹1,800 Cr
CSL Board approved a 50:50 JV with DP World's DDW for its Kochi ship repair facility. ISRF transfers via slump sale for Rs. 1,800 Crore minimum.
- Value
- ₹1,800 Cr
- ship repair workstations (capacity augmentation)
- 10 workstations