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Fundamental Analysis of Cochin Shipyard Ltd

About the Company - Cochin Shipyard Ltd

Cochin Shipyard Ltd. is a Public Limited Listed company incorporated on 29/03/1972 and has its registered office in the State of Kerala, India. Company’s Corporate Identification Number(CIN) is L63032KL1972GOI002414 and registration number is 002414. Currently Company is involved in the business activities of Building of ships and boats. Company’s Total Operating Revenue is Rs. 3190.00 Cr. and Equity Capital is Rs. 131.54 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Ship - Docks/Breaking/RepairsAdministrative Building, Ernakulam Kerala 682015secretary@cochinshipyard.in
http://www.cochinshipyard.in
Management
NamePosition Held
Mr. Madhu S NairChairman & Managing Director
Mr. Bejoy BhaskerDirector - Technical
Mrs. Amrapali Prashant SalveNon Official Independent Director
Mr. K R JyothilalPart Time Official (Nominee) Director
Mr. Nahar Singh MaheshwariNon Official Independent Director
Mr. Ashok SharmaNon Official Independent Director
Mr. Prithviraj HarichandanNon Official Independent Director
Mr. M VenkatesanNon Official Independent Director
Mr. Abhijit BiswasNon Official Independent Director
Mr. Vikram SinghPart Time Official (Nominee) Director
Mr. Sreejith Katayamkot NarayananDirector - Operations
Mr. V J JoseDirector - Finance & CFO

Cochin Shipyard Ltd. Share Price Update

Share PriceValue
Today₹1,148.90
Previous Day₹1,132.60

Basic Stock Data of Cochin Shipyard Ltd

Market Cap 14,755 Cr.
Current Price 1,122
High / Low1,258/410
Stock P/E35.3
Book Value 358
Dividend Yield1.52 %
ROCE8.66 %
ROE6.57 %
Face Value 10.0

Cochin Shipyard Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6577491,0803296969531,211440683631577444954
Expenses532431821307530811912406543477643362759
Operating Profit1263182592316614229934139154-6682195
OPM %19%42%24%7%24%15%25%8%20%24%-11%18%20%
Other Income4515694742641135761231318488
Interest11121612121212121212-289
Depreciation1414141414141414151491315
Profit before tax146308298441831813866517415158145258
Tax %26%26%23%27%26%26%26%25%31%21%19%25%26%
Net Profit108229230321361342844912011847109191
EPS in Rs8.2417.4517.462.4510.3310.2221.603.729.119.003.608.3214.52

Cochin Shipyard Ltd Quarterly Chart

Cochin Shipyard Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,4061,6801,7981,5831,9902,0592,3552,9663,4222,8193,1902,3302,606
Expenses1,2081,3271,3811,4931,5981,6691,8902,3922,7082,0922,5552,0572,241
Operating Profit19935341790393390465574714727635273365
OPM %14%21%23%6%20%19%20%19%21%26%20%12%14%
Other Income67876177107154189227247194266268326
Interest13232019121212155057534228
Depreciation22192538373938344953545151
Profit before tax231397433110450493605751863811794448612
Tax %33%33%35%37%35%35%34%36%26%25%26%25%
Net Profit15526628269292322397481638610587334466
EPS in Rs13.7123.5124.876.1225.7528.3929.1936.5848.4846.3844.5925.4335.44
Dividend Payout %13%6%6%25%30%32%41%36%34%33%38%39%

Cochin Shipyard Ltd Profit & Loss Yearly Chart

Cochin Shipyard Ltd Growth

Compounded Sales Growth
10 Years::3%
5 Years::0%
3 Years::-12%
TTM::-21%

Cochin Shipyard Ltd Growth

Compounded Profit Growth
10 Years::1%
5 Years::-6%
3 Years::-23%
TTM::-29%

Cochin Shipyard Ltd Growth

Stock Price CAGR
10 Years::%
5 Years::24%
3 Years::46%
1 Year::71%

Cochin Shipyard Ltd Growth

Return on Equity
10 Years::14%
5 Years::14%
3 Years::12%
Last Year::7%

Cochin Shipyard Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital113113113113113113136132132132132132132
Reserves8651,1121,3761,4411,7111,9153,1203,2013,6003,8464,2284,2924,583
Preference Capital3900000000000
Borrowings00334123123123123123123532546567583
Other Liabilities1,6311,1751,1641,2141,4021,1702,1031,7932,5542,8933,4134,9195,436
Total Liabilities2,6092,4012,9872,8913,3493,3215,4825,2486,4097,4038,3189,90910,733
Fixed Assets186240370370370371349375756756740716725
CWIP6413881324541153417681,0621,2471,6031,961
Investments000000166065214262336335
Other Assets2,3602,0222,6092,5082,9542,8975,0014,4724,8195,3716,0697,2547,713
Total Assets2,6092,4012,9872,8913,3493,3215,4825,2486,4097,4038,3189,90910,733

Cochin Shipyard Ltd Reserves and Borrowings Chart

Cochin Shipyard Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 310-25-58466340212632-4482536701,4152,051
Cash from Investing Activity 10-10315164765-1,3281,044-74-446-1,011-226
Cash from Financing Activity -86-77271-235-32-113812-409-309-405-238-272
Net Cash Flow235-205-29844455165116186-130-1811661,553

Cochin Shipyard Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2031492441348354904831465052
Inventory Days192157177113817098706513065116
Days Payable16362776474598384851303769
Cash Conversion Cycle23324434518491661043410467899
Working Capital Days-472274-71-95-57-114-279-2-88-402
ROCE %25%38%30%7%26%25%22%22%25%21%18%9%

Cochin Shipyard Ltd Financial Efficiency Indicators Chart

No valid data available for the Shareholding

Cochin Shipyard Ltd Shareholding Pattern Chart

No. of Cochin Shipyard Ltd Shareholders

Cochin Shipyard Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India CPSE ETF23101631250.71
Samco Active Momentum Fund1056822.6611.47
Nippon India Nifty Smallcap 250 Index Fund202940.322.2
Motilal Oswal Nifty Smallcap 250 Index Fund127560.321.38
SBI Nifty Smallcap 250 Index Fund92690.321.01
ICICI Prudential Nifty Smallcap 250 Index Fund50310.320.55
HDFC NIFTY Smallcap 250 ETF22970.320.25
HDFC Nifty Smallcap 250 Index Fund17820.320.19
Motilal Oswal Nifty 500 Index Fund14270.030.15
Edelweiss Nifty Smallcap 250 Index Fund3940.310.04

Cochin Shipyard Ltd ROCE Trend

Cochin Shipyard Ltd EPS Trend

Cochin Shipyard Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)23.1642.8746.2748.0535.47
Diluted EPS (Rs.)23.1642.8746.2748.0535.47
Cash EPS (Rs.)28.4048.1750.8251.7738.92
Book Value[Excl.RevalReserv]/Share (Rs.)336.60333.98306.63283.02253.45
Book Value[Incl.RevalReserv]/Share (Rs.)336.60333.98306.63283.02253.45
Revenue From Operations / Share (Rs.)179.76242.58214.30260.19225.19
PBDIT / Share (Rs.)35.0167.3168.9272.3460.51
PBIT / Share (Rs.)29.7762.0264.3768.6257.91
PBT / Share (Rs.)31.8158.2361.4465.2056.83
Net Profit / Share (Rs.)23.1642.8746.2748.0536.32
NP After MI And SOA / Share (Rs.)23.1642.8746.2748.0536.35
PBDIT Margin (%)19.4727.7432.1627.8026.87
PBIT Margin (%)16.5625.5630.0326.3725.71
PBT Margin (%)17.6924.0028.6625.0625.23
Net Profit Margin (%)12.8817.6721.5918.4616.12
NP After MI And SOA Margin (%)12.8817.6721.5918.4616.14
Return on Networth / Equity (%)6.8812.8315.0916.9714.36
Return on Capital Employeed (%)7.9916.4818.4821.2321.86
Return On Assets (%)3.046.708.099.869.11
Long Term Debt / Equity (X)0.010.020.030.030.03
Total Debt / Equity (X)0.030.020.030.030.03
Asset Turnover Ratio (%)0.250.400.400.580.55
Current Ratio (X)1.391.681.722.052.34
Quick Ratio (X)1.321.591.571.912.18
Inventory Turnover Ratio (X)3.304.423.276.025.02
Dividend Payout Ratio (NP) (%)76.6236.1560.5130.4434.11
Dividend Payout Ratio (CP) (%)62.5032.1755.0928.2631.83
Earning Retention Ratio (%)23.3863.8539.4969.5665.89
Cash Earning Retention Ratio (%)37.5067.8344.9171.7468.17
Interest Coverage Ratio (%)13.1518.7917.6921.1855.66
Interest Coverage Ratio (Post Tax) (%)7.9313.0312.6315.0734.41
Enterprise Value (Cr.)1633.54776.962850.781403.732733.07
EV / Net Operating Revenue (X)0.690.241.010.410.92
EV / EBITDA (X)3.550.873.141.483.43
MarketCap / Net Operating Revenue (X)2.651.211.751.021.75
Retention Ratios (%)23.3763.8439.4869.5565.88
Price / BV (X)1.410.881.220.931.56
Price / Net Operating Revenue (X)2.651.211.751.021.75
EarningsYield0.040.140.120.180.09

Cochin Shipyard Ltd Profitability Ratios (%)

Cochin Shipyard Ltd Liquidity Ratios

Cochin Shipyard Ltd Liquidity Ratios (%)

Cochin Shipyard Ltd Interest Coverage Ratios (%)

Cochin Shipyard Ltd Valuation Ratios

Fair Value of Cochin Shipyard Ltd Stock

Fair Value: ₹842.90

The stock is overvalued by 24.88% compared to the current price ₹1122

*This is not Investment Advice

Strength and Weakness of Cochin Shipyard Ltd Stock

StrengthWeakness

The stock has a low average Working Capital Days, which is a positive sign.

The company has higher reserves compared to borrowings, indicating strong financial stability.

The company has shown consistent growth in sales and profit over the years.

The stock has a low average ROCE, which may not be favorable.

The stock has a high average Cash Conversion Cycle, which may not be favorable.

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