Cochin Shipyard Limited (IN:COCHINSHIP)
:COCHINSHIP
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Cochin Shipyard Limited
(COCHINSHIP)
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Rating:55Neutral
Price Target:
₹1,528.00
▼(-6.26% Downside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by sustained negative operating/free cash flow (despite solid profitability and a conservative balance sheet). Technicals are also weak with the stock trading below key moving averages and subdued RSI/Stoch. A high P/E and low dividend yield further limit valuation support.
Positive Factors
Conservative Balance Sheet
A conservatively leveraged balance sheet and steady growth in equity and assets provide resilience across shipbuilding cycles. This supports the yard’s ability to fund large contracts, absorb project delays, and access capital for capex or strategic bids without forcing distress sales.
Negative Factors
Weak Cash Generation
Multi-year negative operating and free cash flow signals a material cash conversion deterioration. For a capital-intensive shipyard, this raises financing needs for working capital and capex, risks the pace of yard investment, and curtails optionality on large or stretched projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
A conservatively leveraged balance sheet and steady growth in equity and assets provide resilience across shipbuilding cycles. This supports the yard’s ability to fund large contracts, absorb project delays, and access capital for capex or strategic bids without forcing distress sales.
Read all positive factors
Cochin Shipyard Limited (COCHINSHIP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹403.41B
Dividend Yield0.59%
Average Volume (3M)164.54K
Price to Earnings (P/E)28.4
Beta (1Y)2.04
Revenue Growth4.19%
EPS Growth-13.39%
CountryIN
Employees2,133
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)28.88
Shares Outstanding263,080,780
10 Day Avg. Volume85,121
30 Day Avg. Volume164,545
Financial Highlights & Ratios
PEG Ratio-3.27
Price to Book (P/B)5.35
Price to Sales (P/S)6.25
P/FCF Ratio-23.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)32.55
Revenue Forecast (FY)₹59.22B
Cochin Shipyard Limited Business Overview & Revenue Model
Company Description
Cochin Shipyard Limited engages in the shipbuilding and repair of ships/offshore structures in India. Its shipbuilding operations include offering tankers, product carriers, bulk carriers, passenger vessels, high bollard pull tugs, and air defence...
How the Company Makes Money
Cochin Shipyard Limited primarily makes money by delivering (1) shipbuilding contracts and (2) ship repair/refit services. In shipbuilding, revenue is earned through contracts to design and construct vessels; cash flows are typically linked to con...
Cochin Shipyard Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.93B | 50.22B | 48.20B | 38.31B | 23.65B | 31.91B |
| Gross Profit | 17.07B | 11.53B | 17.70B | 15.03B | 7.75B | 11.65B |
| EBITDA | 10.63B | 8.11B | 10.27B | 8.91B | 3.40B | 7.31B |
| Net Income | 7.60B | 7.17B | 8.27B | 7.83B | 3.05B | 5.64B |
Balance Sheet | ||||||
| Total Assets | 142.53B | 145.31B | 133.99B | 120.42B | 100.21B | 84.14B |
| Cash, Cash Equivalents and Short-Term Investments | 29.33B | 24.06B | 4.02B | 5.77B | 47.92B | 32.13B |
| Total Debt | 11.56B | 16.72B | 5.60B | 5.02B | 5.87B | 5.54B |
| Total Liabilities | 85.55B | 86.58B | 78.20B | 70.39B | 55.93B | 40.21B |
| Stockholders Equity | 56.97B | 58.73B | 55.79B | 50.03B | 44.28B | 43.93B |
Cash Flow | ||||||
| Free Cash Flow | -8.80B | -13.32B | -7.93B | -8.05B | 15.45B | 11.34B |
| Operating Cash Flow | -7.09B | -10.86B | -2.97B | -1.72B | 18.89B | 13.97B |
| Investing Cash Flow | 1.30B | 1.37B | 5.38B | 4.81B | -353.19M | -4.72B |
| Financing Cash Flow | 3.22B | 7.38B | -2.77B | -3.71B | -2.76B | -2.39B |
Cochin Shipyard Limited Technical Analysis
Negative
1630.05
Price Trends
1507.05
Positive
1521.67
Positive
1620.69
Negative
Market Momentum
-4.10
Positive
44.53
Neutral
20.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:COCHINSHIP, the sentiment is Negative. The current price of 1630.05 is below the 20-day moving average (MA) of 1656.34, above the 50-day MA of 1507.05, and above the 200-day MA of 1620.69, indicating a neutral trend. The MACD of -4.10 indicates Positive momentum. The RSI at 44.53 is Neutral, neither overbought nor oversold. The STOCH value of 20.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:COCHINSHIP.
Cochin Shipyard Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹2.92T | 25.58 | ― | 0.90% | 6.80% | 8.98% | |
71 Outperform | ₹995.82B | 30.66 | ― | 0.47% | 13.77% | 14.39% | |
67 Neutral | ₹3.04T | 32.95 | ― | 0.60% | 16.16% | 13.86% | |
67 Neutral | ₹308.61B | 18.63 | ― | 0.80% | 37.95% | 41.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ₹481.08B | 184.29 | ― | 0.33% | 54.35% | 2.52% | |
55 Neutral | ₹403.41B | 28.38 | ― | 0.59% | 4.19% | -13.39% |
* Industrials Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.