| Margins | EBITDA margin at 24% for Q1FY26, down from 31% in FY24. |
|---|---|
| Order book | ₹21,900 Cr total; 54% Defence, 33% Commercial Export. |
| Demand visibility | Strong; order book at ₹21,900 Cr plus L1 status for ₹5,000 Cr. |
| Management confidence | High regarding JV with DP World and expansion. |
Growth
FY24-FY26 revenue grew from ₹3,830 Cr to ₹5,021 Cr; Q1FY26 revenue stands at ₹1,094 Cr.
Outlook
Planned ₹4,100 Cr shipbuilding and ₹2,420 Cr ship repair capex by 2030. JV with DP World expected by FY26 year-end.
Risks
Substantial reliance on government/defence contracts; environment clearance pending for the Gujarat cluster expansion.
Last quarter's promises, checked
Delivered
- Guided 14%-15% PAT margin → delivered 14% (= BEAT)
- Guided ~Rs.1,500 Cr ship repair revenue → delivered Rs.1,500 Cr (= BEAT)
Partly delivered
- Guided Rs.21,100 Cr order book → delivered Rs.21,900 Cr (= BEAT)
Missed
- Guided 28% Q1 EBITDA margin → delivered 24% (= MISS)
Investor Presentation 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 Earnings Call Transcript: Key Takeaways
CSL delivered three vessels in Q1 but faces near-term PAT contraction despite a robust ₹22,000 Cr order book. Management is pivoting toward ship repair and green technology JVs to sustain future margins.
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