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Cochin Shipyard

Built INS Vikrant (IAC-1). IAC-2 the big optionality; commercial + defence MRO mix, ship-repair dry docks.

Order book · IAC-2 carrier decision = single biggest optionality

Hold
₹1,407
Mkt cap ₹37.0K Cr
P/E
51.6x
P/B
6.3x
ROCE
16.0%
ROE
12.5%
Div yield
0.70%
52W high
₹1,980
52W low
₹1,187
Promoter
67.9%
Score bridge (derived from real data)
Fundamental
65
Valuation
62
Technical
27
Moat (curated)
75

Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.

52-week position
₹1,187now ₹1,407₹1,980
28/100
Technical rating D
Price · 2 years · SMA 50/200 · as of 2026-07-20
Strong DownMACD Bearish50 < 200
RSI-14
RSI-14
42
vs SMA-50
-4.5%
vs SMA-200
-10.1%
1Y return
-25.0%
Ann. vol
37%
Max DD 1Y
-38%
Annual trend · sales, PAT, OPM
Quarterly run-rate
Peer set · Shipbuilding & Submarines
CompanyMkt capP/EOPMROCESales 3YPAT 3YD/EComposite
Mazagon Dock₹94.6K Cr36.6x17%36.0%18.4%32.1%0.05x68
Cochin Shipyard ◄₹37.0K Cr51.6x16%16.0%28.5%33.0%0.28x59
Garden Reach Shipbuilders₹29.4K Cr39.2x11%43.0%39.8%48.6%0.01x69
Krishna Defence₹1.9K Cr47.2x22%30.7%56.4%101.7%0.01x76

Financial statements

Source: Screener.in
Sales 3Y CAGR
28.5%
PAT 3Y CAGR
33.0%
OPM (latest)
16.0%
PAT margin
14.3%
D / E
0.28x
CFO / PAT
-1.72x
EV / EBITDA
47.7x
FCF yield
-2.4%
Ratio history · computed per year
RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales growth YoY %—-25.9%61.9%25.8%4.2%
PAT growth YoY %—-45.9%156.7%5.6%-13.3%
OPM %20%11%23%19%16%
PAT margin %17.7%12.9%20.4%17.2%14.3%
ROE % (PAT / net worth)12.8%6.9%15.6%14.8%12.2%
D / E (x)0.130.130.100.100.28
Asset turnover (x)0.380.240.320.360.35
CFO / PAT (x)2.486.19-0.22-0.36-1.72
Annual P&L · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales3,1912,3653,8304,8205,022
Operating profit627262882895811
OPM %20%11%23%19%16%
Net profit564305783827717
EPS ₹21.4411.5829.7731.4527.24
Quarterly · ₹ Cr
Dec 2024Mar 2025Jun 2025Sep 2025
Sales1,3501,7581,0691,119
OPM %14%15%23%7%
PAT145287188108
Balance sheet · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity132132132132132
Reserves4,2624,2964,8725,4485,741
Borrowings5545875025601,672
Total assets8,41410,02112,03713,39314,531
Cash flow · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating1,3981,889-172-297-1,234
Investing-1,007-35481538327
Financing-239-276-371-277696
Shareholding
Promoters
67.9%
FII
2.8%
DII
7.0%
Public
22.3%
Mkt cap
₹37.0K Cr
P/E
51.6x
52W range
₹1,187–1,980