As of 6 Nov 2026, Cochin Shipyard trades at 47.2× trailing earnings, below the industry P/E of 54.7×, and the shares are 34% below their 52-week high. It earns ROCE of 17% and ROE of 13%, and sales and net profit grew 27% and 33% a year over 3 years. Its dividend yield is 0.7%, and debt is 0.28× equity. It is a small-cap company with a market cap of ₹32,096 Cr, ranked 5th of 27 Aerospace & Defense companies by market cap; the shares fell 30% over the past year.
- ₹1,228.00
- ₹1,228.00
- ₹1,194.20
- ₹1,232.90
- 6.5 L
Health check
- ReturnsBehind
−30.3% over a year, better than 1 of 7 peers.
- Price tagIn line
P/E 47.2 vs industry 54.7.
- GrowthStrong
Sales +26.9%, profit +33.0% a year over 3 years.
- ProfitabilityWeak
ROCE 16.7% vs peer median 28.5%.
- Balance sheetFair
Debt 0.28× equity, interest covered 11.8×, Piotroski 4 of 9.
- Red flags3 to check
Quarterly profit down 19.4% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹32,096 Cr
- Small cap
- P/E
- 47.2
- Industry 54.7
- Price to book
- 5.46
- Peers 9.32
- Dividend yield
- 0.73%
- ROE
- 12.5%
- Peers 24.0%
- ROCE
- 16.7%
- Peers 28.5%
- Debt to equity
- 0.28
- Debt ₹1,672 Cr
- EPS (TTM)
- ₹25.86
- Face value ₹5
- OPM (TTM)
- 12.6%
- Net margin 13.5%
- Sales growth
- +2.4%
- Latest quarter vs a year ago
- Profit growth
- −19.4%
- Latest quarter vs a year ago
- Price to sales
- 6.36
- EV/EBITDA 40.3
Strengths and risks
Risks to check
- Quarterly profit down 19.4% on a year ago.
- 34% below its 52-week high.
- Promoter stake down from 67.9% to 63.3%.
About Cochin Shipyard
Cochin Shipyard Limited, together with its subsidiaries, engages in the building and repair of ships and offshore structures in India and internationally. The company operates through two segments, Shipbuilding and Ship Repair. It offers shipbuilding products, including aircraft carriers, missile vessels, anti-submarine warfare shallow water crafts, technology demonstration vessels, floating border outpost vessels, fast patrol vessels, hydrographic survey…
- Headquarters
- Ernakulam
- Employees
- 2,131
- Sector
- Industrials
- ISIN
- INE704P01025
- Website
- cochinshipyard.in
Price range
- Avg volume (3M)
- 9.8 L
- 1-year return
- minus 30.3%
- From 52-week high
- minus 33.8%
Peers · Aerospace & Defense
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HALHindustan Aeronautics | 4,980.00 | minus 1.25% | 3,33,050 | 35.7 | 28.5 | 13.8% | 25.3% | 0.00 | 6.4% | plus 7.6% |
| BELBharat Electronics | 396.00 | plus 0.23% | 2,89,467 | 45.3 | 33.7 | 31.9% | 28.2% | 0.00 | 15.5% | minus 4.8% |
| MAZDOCKMazagoan Dock Shipbuilders | 1,840.00 | plus 0.05% | 74,222 | 30.3 | 21.9 | 28.5% | 16.2% | 0.08 | 19.6% | minus 31.5% |
| BDLBharat Dynamics | 1,060.00 | minus 1.40% | 38,856 | 74.6 | 152.1 | 7.2% | 12.8% | 0.00 | −0.9% | minus 27.4% |
| COCHINSHIPCochin Shipyard | 1,220.00 | minus 1.05% | 32,096 | 47.2 | 30.3 | 16.7% | 12.6% | 0.28 | 26.9% | minus 30.3% |
| GRSEGarden Reach Shipbuilders & Engineers | 2,135.70 | minus 0.07% | 24,465 | 30.6 | 25.8 | 36.8% | 11.0% | 0.01 | 40.0% | minus 16.4% |
| DATAPATTNSData Patterns (India) | 3,767.70 | minus 4.85% | 21,093 | 78.7 | 54.8 | 20.4% | 39.6% | 0.00 | 26.8% | plus 46.6% |
| SIGMAADVSIGMA ADVANCED SYSTEMS | 909.25 | minus 2.25% | 17,269 | 98.4 | 264.6 | 52.6% | 14.9% | 0.71 | 528.7% | plus 319.3% |
| Median of 7 peers | – | −1.25% | 38,856 | 45.3 | 33.7 | 28.5% | 16.2% | 0.00 | 19.6% | −4.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,069 | 1,119 | 1,350 | 1,484 | 1,094 | |
| 861 | 1,076 | 1,197 | 1,207 | 933 | |
| 207 | 42.8 | 154 | 278 | 161 | |
| 19.4% | 3.8% | 11.4% | 18.7% | 14.7% | |
| 54.3 | 127 | 71.1 | 157 | 67 | |
| 12.2 | 20.1 | 28 | 32.2 | 25.4 | |
| 250 | 150 | 197 | 403 | 202 | |
| 24.7% | 28.3% | 26.5% | 31.3% | 25.2% | |
| 188 | 108 | 145 | 276 | 151 | |
| 7.14 | 4.09 | 5.50 | 10.51 | 5.76 |
Profit & loss
- Sales CAGR 3Y
- +26.9%
- Profit CAGR 3Y
- +33.0%
- EPS CAGR 3Y
- +33.0%
- ROE
- 12.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,334 | 3,767 | 4,656 | 4,775 | |
| – | +61.4% | +23.6% | +2.6% | |
| 1,998 | 2,844 | 3,523 | 3,669 | |
| 336 | 923 | 1,133 | 1,106 | |
| 14.4% | 24.5% | 24.3% | 23.2% | |
| 126 | 271 | 226 | 156 | |
| 35 | 33.2 | 38.6 | 92.4 | |
| 68.8 | 80.3 | 105 | 130 | |
| 60.2 | −9.6 | −90.4 | −40.6 | |
| 418 | 1,071 | 1,125 | 999 | |
| 27.2% | 26.9% | 26.5% | 28.3% | |
| 305 | 783 | 827 | 717 | |
| – | +157.1% | +5.6% | minus 13.4% | |
| 11.58 | 29.77 | 31.45 | 27.24 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 132 | 132 | 132 | 132 | |
| 4,296 | 4,872 | 5,448 | 5,741 | |
| 587 | 502 | 560 | 1,672 | |
| 4,998 | 6,537 | 7,260 | 6,986 | |
| 10,013 | 12,042 | 13,399 | 14,531 | |
| 2,706 | 3,194 | 3,554 | 3,747 | |
| 1,762 | 2,244 | 520 | 590 | |
| 0.1 | 18.7 | 0.2 | 113 | |
| 952 | 577 | 578 | 236 | |
| 4,593 | 6,009 | 8,747 | 9,845 | |
| 10,013 | 12,042 | 13,399 | 14,531 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,876 | −172 | −284 | −1,234 | |
| −1,738 | 481 | 538 | 327 | |
| −274 | −371 | −243 | 696 | |
| −136 | −61.6 | 10.3 | −211 | |
| −339 | −634 | −258 | −151 | |
| 1,538 | −805 | −542 | −1,385 | |
| −233 | −237 | −257 | −257 |
Shareholding pattern
- Promoters63.33%
- Public36.67%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 63.33% | 36.67% | minus 4.58 | |
| 30 Jun 2026 | 67.91% | 32.09% | 0.00 | |
| 31 Mar 2026 | 67.91% | 32.09% | 0.00 | |
| 31 Dec 2025 | 67.91% | 32.09% | 0.00 | |
| 30 Sep 2025 | 67.91% | 32.09% | – |
Major shareholders
Filings & events
News
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