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.
Management |
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Name | Position Held |
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Mr. Madhu S Nair | Chairman & Managing Director |
Mr. Bejoy Bhasker | Director - Technical |
Mrs. Amrapali Prashant Salve | Non Official Independent Director |
Mr. K R Jyothilal | Part Time Official (Nominee) Director |
Mr. Nahar Singh Maheshwari | Non Official Independent Director |
Mr. Ashok Sharma | Non Official Independent Director |
Mr. Prithviraj Harichandan | Non Official Independent Director |
Mr. M Venkatesan | Non Official Independent Director |
Mr. Abhijit Biswas | Non Official Independent Director |
Mr. Vikram Singh | Part Time Official (Nominee) Director |
Mr. Sreejith Katayamkot Narayanan | Director - Operations |
Mr. V J Jose | Director - Finance & CFO |
Cochin Shipyard Ltd. Share Price Update |
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Share Price | Value |
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Today | ₹1,148.90 |
Previous Day | ₹1,132.60 |
Basic Stock Data of Cochin Shipyard Ltd
Market Cap | 14,755 Cr. |
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Current Price | 1,122 |
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High / Low | 1,258/410 |
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Stock P/E | 35.3 |
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Book Value | 358 |
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Dividend Yield | 1.52 % |
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ROCE | 8.66 % |
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ROE | 6.57 % |
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Face Value | 10.0 |
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Cochin Shipyard Ltd Quarterly Results
Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Sales | 657 | 749 | 1,080 | 329 | 696 | 953 | 1,211 | 440 | 683 | 631 | 577 | 444 | 954 |
Expenses | 532 | 431 | 821 | 307 | 530 | 811 | 912 | 406 | 543 | 477 | 643 | 362 | 759 |
Operating Profit | 126 | 318 | 259 | 23 | 166 | 142 | 299 | 34 | 139 | 154 | -66 | 82 | 195 |
OPM % | 19% | 42% | 24% | 7% | 24% | 15% | 25% | 8% | 20% | 24% | -11% | 18% | 20% |
Other Income | 45 | 15 | 69 | 47 | 42 | 64 | 113 | 57 | 61 | 23 | 131 | 84 | 88 |
Interest | 11 | 12 | 16 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | -2 | 8 | 9 |
Depreciation | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 15 | 14 | 9 | 13 | 15 |
Profit before tax | 146 | 308 | 298 | 44 | 183 | 181 | 386 | 65 | 174 | 151 | 58 | 145 | 258 |
Tax % | 26% | 26% | 23% | 27% | 26% | 26% | 26% | 25% | 31% | 21% | 19% | 25% | 26% |
Net Profit | 108 | 229 | 230 | 32 | 136 | 134 | 284 | 49 | 120 | 118 | 47 | 109 | 191 |
EPS in Rs | 8.24 | 17.45 | 17.46 | 2.45 | 10.33 | 10.22 | 21.60 | 3.72 | 9.11 | 9.00 | 3.60 | 8.32 | 14.52 |
Cochin Shipyard Ltd Quarterly Chart
Cochin Shipyard Ltd Profit & Loss
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
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Sales | 1,406 | 1,680 | 1,798 | 1,583 | 1,990 | 2,059 | 2,355 | 2,966 | 3,422 | 2,819 | 3,190 | 2,330 | 2,606 |
Expenses | 1,208 | 1,327 | 1,381 | 1,493 | 1,598 | 1,669 | 1,890 | 2,392 | 2,708 | 2,092 | 2,555 | 2,057 | 2,241 |
Operating Profit | 199 | 353 | 417 | 90 | 393 | 390 | 465 | 574 | 714 | 727 | 635 | 273 | 365 |
OPM % | 14% | 21% | 23% | 6% | 20% | 19% | 20% | 19% | 21% | 26% | 20% | 12% | 14% |
Other Income | 67 | 87 | 61 | 77 | 107 | 154 | 189 | 227 | 247 | 194 | 266 | 268 | 326 |
Interest | 13 | 23 | 20 | 19 | 12 | 12 | 12 | 15 | 50 | 57 | 53 | 42 | 28 |
Depreciation | 22 | 19 | 25 | 38 | 37 | 39 | 38 | 34 | 49 | 53 | 54 | 51 | 51 |
Profit before tax | 231 | 397 | 433 | 110 | 450 | 493 | 605 | 751 | 863 | 811 | 794 | 448 | 612 |
Tax % | 33% | 33% | 35% | 37% | 35% | 35% | 34% | 36% | 26% | 25% | 26% | 25% | |
Net Profit | 155 | 266 | 282 | 69 | 292 | 322 | 397 | 481 | 638 | 610 | 587 | 334 | 466 |
EPS in Rs | 13.71 | 23.51 | 24.87 | 6.12 | 25.75 | 28.39 | 29.19 | 36.58 | 48.48 | 46.38 | 44.59 | 25.43 | 35.44 |
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
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Compounded Sales Growth |
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10 Years:: | 3% |
5 Years:: | 0% |
3 Years:: | -12% |
TTM:: | -21% |
Cochin Shipyard Ltd Growth
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Compounded Profit Growth |
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10 Years:: | 1% |
5 Years:: | -6% |
3 Years:: | -23% |
TTM:: | -29% |
Cochin Shipyard Ltd Growth
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Stock Price CAGR |
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10 Years:: | % |
5 Years:: | 24% |
3 Years:: | 46% |
1 Year:: | 71% |
Cochin Shipyard Ltd Growth
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Return on Equity |
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10 Years:: | 14% |
5 Years:: | 14% |
3 Years:: | 12% |
Last Year:: | 7% |
Cochin Shipyard Ltd Balance Sheet
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
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Equity Capital | 113 | 113 | 113 | 113 | 113 | 113 | 136 | 132 | 132 | 132 | 132 | 132 | 132 |
Reserves | 865 | 1,112 | 1,376 | 1,441 | 1,711 | 1,915 | 3,120 | 3,201 | 3,600 | 3,846 | 4,228 | 4,292 | 4,583 |
Preference Capital | 39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Borrowings | 0 | 0 | 334 | 123 | 123 | 123 | 123 | 123 | 123 | 532 | 546 | 567 | 583 |
Other Liabilities | 1,631 | 1,175 | 1,164 | 1,214 | 1,402 | 1,170 | 2,103 | 1,793 | 2,554 | 2,893 | 3,413 | 4,919 | 5,436 |
Total Liabilities | 2,609 | 2,401 | 2,987 | 2,891 | 3,349 | 3,321 | 5,482 | 5,248 | 6,409 | 7,403 | 8,318 | 9,909 | 10,733 |
Fixed Assets | 186 | 240 | 370 | 370 | 370 | 371 | 349 | 375 | 756 | 756 | 740 | 716 | 725 |
CWIP | 64 | 138 | 8 | 13 | 24 | 54 | 115 | 341 | 768 | 1,062 | 1,247 | 1,603 | 1,961 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 16 | 60 | 65 | 214 | 262 | 336 | 335 |
Other Assets | 2,360 | 2,022 | 2,609 | 2,508 | 2,954 | 2,897 | 5,001 | 4,472 | 4,819 | 5,371 | 6,069 | 7,254 | 7,713 |
Total Assets | 2,609 | 2,401 | 2,987 | 2,891 | 3,349 | 3,321 | 5,482 | 5,248 | 6,409 | 7,403 | 8,318 | 9,909 | 10,733 |
Cochin Shipyard Ltd Reserves and Borrowings Chart
Cochin Shipyard Ltd Cash Flow
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Cash from Operating Activity | 310 | -25 | -584 | 663 | 40 | 212 | 632 | -448 | 253 | 670 | 1,415 | 2,051 |
Cash from Investing Activity | 10 | -103 | 15 | 16 | 47 | 65 | -1,328 | 1,044 | -74 | -446 | -1,011 | -226 |
Cash from Financing Activity | -86 | -77 | 271 | -235 | -32 | -113 | 812 | -409 | -309 | -405 | -238 | -272 |
Net Cash Flow | 235 | -205 | -298 | 444 | 55 | 165 | 116 | 186 | -130 | -181 | 166 | 1,553 |
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Cochin Shipyard Ltd Financial Efficiency Indicators
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Debtor Days | 203 | 149 | 244 | 134 | 83 | 54 | 90 | 48 | 31 | 46 | 50 | 52 |
Inventory Days | 192 | 157 | 177 | 113 | 81 | 70 | 98 | 70 | 65 | 130 | 65 | 116 |
Days Payable | 163 | 62 | 77 | 64 | 74 | 59 | 83 | 84 | 85 | 130 | 37 | 69 |
Cash Conversion Cycle | 233 | 244 | 345 | 184 | 91 | 66 | 104 | 34 | 10 | 46 | 78 | 99 |
Working Capital Days | -47 | 2 | 274 | -71 | -95 | -57 | -114 | -27 | 9 | -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 Name | No of Shares | AUM (%) | Amount Invested (Cr) |
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Nippon India CPSE ETF | 2310163 | 1 | 250.71 |
Samco Active Momentum Fund | 105682 | 2.66 | 11.47 |
Nippon India Nifty Smallcap 250 Index Fund | 20294 | 0.32 | 2.2 |
Motilal Oswal Nifty Smallcap 250 Index Fund | 12756 | 0.32 | 1.38 |
SBI Nifty Smallcap 250 Index Fund | 9269 | 0.32 | 1.01 |
ICICI Prudential Nifty Smallcap 250 Index Fund | 5031 | 0.32 | 0.55 |
HDFC NIFTY Smallcap 250 ETF | 2297 | 0.32 | 0.25 |
HDFC Nifty Smallcap 250 Index Fund | 1782 | 0.32 | 0.19 |
Motilal Oswal Nifty 500 Index Fund | 1427 | 0.03 | 0.15 |
Edelweiss Nifty Smallcap 250 Index Fund | 394 | 0.31 | 0.04 |
Cochin Shipyard Ltd ROCE Trend
Cochin Shipyard Ltd EPS Trend
Cochin Shipyard Ltd Key Financial Ratios
Month | Mar 23 | Mar 22 | Mar 21 | Mar 20 | Mar 19 |
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FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Basic EPS (Rs.) | 23.16 | 42.87 | 46.27 | 48.05 | 35.47 |
Diluted EPS (Rs.) | 23.16 | 42.87 | 46.27 | 48.05 | 35.47 |
Cash EPS (Rs.) | 28.40 | 48.17 | 50.82 | 51.77 | 38.92 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 336.60 | 333.98 | 306.63 | 283.02 | 253.45 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 336.60 | 333.98 | 306.63 | 283.02 | 253.45 |
Revenue From Operations / Share (Rs.) | 179.76 | 242.58 | 214.30 | 260.19 | 225.19 |
PBDIT / Share (Rs.) | 35.01 | 67.31 | 68.92 | 72.34 | 60.51 |
PBIT / Share (Rs.) | 29.77 | 62.02 | 64.37 | 68.62 | 57.91 |
PBT / Share (Rs.) | 31.81 | 58.23 | 61.44 | 65.20 | 56.83 |
Net Profit / Share (Rs.) | 23.16 | 42.87 | 46.27 | 48.05 | 36.32 |
NP After MI And SOA / Share (Rs.) | 23.16 | 42.87 | 46.27 | 48.05 | 36.35 |
PBDIT Margin (%) | 19.47 | 27.74 | 32.16 | 27.80 | 26.87 |
PBIT Margin (%) | 16.56 | 25.56 | 30.03 | 26.37 | 25.71 |
PBT Margin (%) | 17.69 | 24.00 | 28.66 | 25.06 | 25.23 |
Net Profit Margin (%) | 12.88 | 17.67 | 21.59 | 18.46 | 16.12 |
NP After MI And SOA Margin (%) | 12.88 | 17.67 | 21.59 | 18.46 | 16.14 |
Return on Networth / Equity (%) | 6.88 | 12.83 | 15.09 | 16.97 | 14.36 |
Return on Capital Employeed (%) | 7.99 | 16.48 | 18.48 | 21.23 | 21.86 |
Return On Assets (%) | 3.04 | 6.70 | 8.09 | 9.86 | 9.11 |
Long Term Debt / Equity (X) | 0.01 | 0.02 | 0.03 | 0.03 | 0.03 |
Total Debt / Equity (X) | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 |
Asset Turnover Ratio (%) | 0.25 | 0.40 | 0.40 | 0.58 | 0.55 |
Current Ratio (X) | 1.39 | 1.68 | 1.72 | 2.05 | 2.34 |
Quick Ratio (X) | 1.32 | 1.59 | 1.57 | 1.91 | 2.18 |
Inventory Turnover Ratio (X) | 3.30 | 4.42 | 3.27 | 6.02 | 5.02 |
Dividend Payout Ratio (NP) (%) | 76.62 | 36.15 | 60.51 | 30.44 | 34.11 |
Dividend Payout Ratio (CP) (%) | 62.50 | 32.17 | 55.09 | 28.26 | 31.83 |
Earning Retention Ratio (%) | 23.38 | 63.85 | 39.49 | 69.56 | 65.89 |
Cash Earning Retention Ratio (%) | 37.50 | 67.83 | 44.91 | 71.74 | 68.17 |
Interest Coverage Ratio (%) | 13.15 | 18.79 | 17.69 | 21.18 | 55.66 |
Interest Coverage Ratio (Post Tax) (%) | 7.93 | 13.03 | 12.63 | 15.07 | 34.41 |
Enterprise Value (Cr.) | 1633.54 | 776.96 | 2850.78 | 1403.73 | 2733.07 |
EV / Net Operating Revenue (X) | 0.69 | 0.24 | 1.01 | 0.41 | 0.92 |
EV / EBITDA (X) | 3.55 | 0.87 | 3.14 | 1.48 | 3.43 |
MarketCap / Net Operating Revenue (X) | 2.65 | 1.21 | 1.75 | 1.02 | 1.75 |
Retention Ratios (%) | 23.37 | 63.84 | 39.48 | 69.55 | 65.88 |
Price / BV (X) | 1.41 | 0.88 | 1.22 | 0.93 | 1.56 |
Price / Net Operating Revenue (X) | 2.65 | 1.21 | 1.75 | 1.02 | 1.75 |
EarningsYield | 0.04 | 0.14 | 0.12 | 0.18 | 0.09 |
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
Strength | Weakness |
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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. |