Cochin Shipyard Limited (COCHINSHIP) AI Stock Analysis

• Market Cap: ₹413.21B
• Dividend Yield: 0.59%
• Average Volume (3M): 164.54K
• Price to Earnings (P/E): 54.4
• Beta (1Y): 2.28
• Revenue Growth: 19.62%
• EPS Growth: -12.34%
• Country: IN
• Employees: 2,133
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 3.95
• Shares Outstanding: 263,080,780
• 10 Day Avg. Volume: 85,121
• 30 Day Avg. Volume: 164,545
• PEG Ratio: 7.85
• Price to Book (P/B): 6.57
• Price to Sales (P/S): 7.61
• P/FCF Ratio: -46.23
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ₹1,911.00 ▲(17.24% Upside)

Cochin Shipyard Limited's strong financial performance is offset by negative cash flow concerns and an overvalued stock price. Technical indicators show neutral momentum, suggesting a cautious outlook. The lack of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

The company's robust sales expansion reflects its ability to capture market demand and enhance its competitive position in the shipbuilding industry.

Operational Efficiency

Strong operational efficiency indicates effective management practices, which can sustain profitability and support long-term growth.

Financial Stability

A low debt-to-equity ratio enhances financial stability, providing the company with flexibility to invest in growth opportunities without excessive financial risk.

Negative Factors

Negative Cash Flow

Persistent negative cash flow can limit the company's ability to fund operations and growth initiatives, potentially impacting its financial health over time.

Profitability Pressure

A declining net profit margin suggests increasing pressure on profitability, which could affect the company's ability to generate sustainable earnings.

Cash Management

While conservative cash management ensures liquidity, it may also indicate underutilization of resources that could be invested for growth.

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 ships. It also undertakes upgradation of mobile offshore drilling units of Oil and Natural Gas Corporation Ltd; maintenance and repair of aircraft carriers of the Indian Navy; and repair and maintenance of tankers and bulk carriers of Shipping Corporation of India. In addition, the company provides marine engineering training services. Cochin Shipyard Limited was founded in 1969 and is based in Ernakulam, India.

How the Company Makes Money

Cochin Shipyard Limited generates revenue primarily through the construction of new ships and the repair of existing vessels. Key revenue streams include contracts for shipbuilding from government and private entities, as well as income from ship repairs and maintenance services. Additionally, COCHINSHIP benefits from strategic partnerships with defense and maritime organizations, which provide steady demand for its services. The company also engages in technological collaborations and projects related to marine engineering, contributing to its overall earnings. The government of India’s initiatives to promote shipbuilding and maritime activities further enhance COCHINSHIP's revenue potential.

Cochin Shipyard Limited Financial Statement Overview

Summary

Cochin Shipyard Limited demonstrates strong revenue growth and operational efficiency, with a solid equity base and low leverage. However, persistent negative cash flow from operations is a concern that needs attention to ensure sustained growth and financial health.

Income Statement

Cochin Shipyard Limited has demonstrated strong revenue growth, with a significant increase from 2024 to 2025, indicating robust sales expansion. The gross profit margin and EBIT margin are healthy, reflecting effective cost management and operational efficiency. However, the net profit margin showed a slight decline in 2025 compared to 2024, suggesting some pressure on profitability in recent periods.

Balance Sheet

The company maintains a solid equity base with a favorable equity ratio, indicating strong financial stability. The debt-to-equity ratio is low, reflecting prudent leverage management. Return on equity has shown improvement, driven by increased net income. However, the substantial cash reserves relative to total assets suggest conservative cash management, which could be optimized for growth investments.

Cash Flow

There is a concerning trend of negative operating cash flow, which may affect long-term financial flexibility. The free cash flow remains negative, although there was a slight improvement in 2025. The cash flow to net income ratio indicates inefficiencies in translating earnings into cash flow, which could pose a risk if not addressed.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	51.17B	48.20B	38.31B	23.65B	31.91B	28.19B
Gross Profit	19.12B	17.70B	15.03B	7.75B	11.65B	11.99B
EBITDA	10.87B	10.27B	8.91B	3.40B	7.31B	7.83B
Net Income	8.41B	8.27B	7.83B	3.05B	5.64B	6.09B
Balance Sheet
Total Assets	0.00	133.99B	120.42B	100.21B	84.14B	75.19B
Cash, Cash Equivalents and Short-Term Investments	31.13B	4.02B	5.77B	47.92B	32.13B	7.36B
Total Debt	0.00	5.60B	5.02B	5.87B	5.54B	5.40B
Total Liabilities	-55.79B	78.20B	70.39B	55.93B	40.21B	34.86B
Stockholders Equity	55.79B	55.79B	50.03B	44.28B	43.93B	40.33B
Cash Flow
Free Cash Flow	0.00	-7.93B	-8.05B	15.45B	11.34B	3.60B
Operating Cash Flow	0.00	-2.97B	-1.72B	18.89B	13.97B	7.89B
Investing Cash Flow	0.00	5.38B	4.81B	-353.19M	-4.72B	-5.22B
Financing Cash Flow	0.00	-2.77B	-3.71B	-2.76B	-2.39B	-4.05B

Cochin Shipyard Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1630.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 above the 20-day moving average (MA) of 1601.64, below the 50-day MA of 1657.16, and below the 200-day MA of 1750.13, indicating a bearish trend. The MACD of -14.89 indicates Positive momentum. The RSI at 38.58 is Neutral, neither overbought nor oversold. The STOCH value of 10.18 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEL	76 Outperform	₹3.06T	53.75	―	0.60%	16.58%	25.45%
HAL	71 Outperform	₹2.98T	35.24	―	0.90%	3.05%	-0.57%
MAZDOCK	68 Neutral	₹1.01T	43.26	―	0.47%	12.22%	-9.22%
GRSE	67 Neutral	₹281.47B	45.66	―	0.80%	43.86%	60.18%
COCHINSHIP	65 Neutral	₹413.21B	54.40	―	0.59%	19.62%	-12.34%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BDL	61 Neutral	₹557.08B	85.16	―	0.33%	82.69%	18.17%

Cochin Shipyard Limited Corporate Events

Cochin Shipyard to Close Trading Window Ahead of Q3 FY26 Results

Cochin Shipyard Limited has announced that its trading window for dealing in the company’s securities will be closed for all designated persons from 1 January 2026 until 48 hours after the public announcement of its financial results for the quarter ended 31 December 2025, in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal insider trading code. The move underscores the company’s adherence to regulatory norms on preventing insider trading, reinforcing governance standards and providing additional assurance to investors and market participants about the integrity of its financial disclosure process.

Cochin Shipyard Faces Fines for SEBI Compliance Issues

Cochin Shipyard Limited has been fined by BSE and NSE for non-compliance with certain SEBI LODR Regulations, specifically regarding the composition of its Board of Directors and committees. The company attributes these non-compliances to factors beyond its control, as the appointment of directors is managed by the Government of India. Cochin Shipyard is actively seeking to rectify these issues by requesting the appointment of independent directors and plans to file for a waiver of the fines imposed.

Cochin Shipyard Releases Q2 2025 Financial Results

Cochin Shipyard Limited has announced the publication of its unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025. This announcement is crucial for stakeholders as it provides insights into the company’s financial health and operational performance during this period.

Cochin Shipyard Addresses Board Compliance Issues Amidst Regulatory Fines

Cochin Shipyard Limited has been fined by BSE and NSE for non-compliance with SEBI LODR Regulations due to the absence of independent directors on its board. The company has addressed the issue by appointing Dr. Seema Suri as an independent director and is awaiting further appointments from the Government of India to fully comply. The company has requested a waiver of fines, and NSE has granted it, while a response from BSE is pending.

Cochin Shipyard Limited Announces Key Management Appointment

Cochin Shipyard Limited has announced a change in its senior management, appointing Shri Rajesh K R as the Unit Head of the CSL Kolkata Ship Repair Unit, effective October 1, 2025. This appointment follows the promotion of Shri Sanil Peter to General Manager of Ship Repair, reflecting the company’s strategic focus on enhancing its ship repair operations and strengthening its leadership team.