Cochin Shipyard Ltd (CSL), India’s largest shipbuilding and maintenance facility, is located in Kochi, Kerala. Established in 1972, CSL specializes in constructing platform supply vessels, double-hulled oil tankers, and notably built India’s first indigenous aircraft carrier, INS Vikrant. With modern facilities, CSL handles various repair and maintenance tasks for merchant ships, naval ships, and offshore platforms. Recognized with Miniratna status, CSL is strategically positioned to serve a diverse clientele and has an exclusive area for offshore construction and expansion. Financially robust, CSL reported a net profit of ₹258.88 crore in Q4 FY24, up from ₹39.33 crore the previous year, with total revenue rising to ₹1,366.16 crore from ₹671.32 crore in Q4 FY23. CSL also declared a final dividend of ₹2.25 per share for FY24. The shipyard is dedicated to innovation, growth, and community development, aiming to expand its capabilities and market reach, strengthen its product portfolio, and continue its leadership in the global shipbuilding and repair industry.
History of Cochin Shipyard
Cochin Shipyard was incorporated in 1972 as a Government of India company, with its first phase of facilities becoming operational in 1982. In August 2012, the Government of India announced plans for divestment to raise ₹15 billion for further expansion through an initial public offering (IPO) by the end of the fiscal year. The government finalized the stake sale decision on 18 November 2015, intending to sell 33.9 million shares, with the government holding 113,000 shares and the remainder as fresh equity. However, the IPO did not materialize until August 2017, when Cochin Shipyard successfully listed its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Cochin Shipyard Q4 Net Profit Soars to ₹259 Crore, Driven by Robust Income Growth
- Cochin Shipyard Ltd reported a significant increase in its consolidated net profit for Q4 FY24, reaching ₹258.88 crore, compared to ₹39.33 crore in Q4 FY23.
- The company’s total income for the March 2024 quarter rose to ₹1,366.16 crore, up from ₹671.32 crore in the same period last year.
- Revenue from the shipbuilding segment was ₹985.15 crore, a substantial increase from ₹453.84 crore in Q4 FY23.
- Revenue from ship repairing was ₹300.89 crore, compared to ₹146.24 crore in the year-ago period.
- For the full fiscal year FY24, Cochin Shipyard’s profit more than doubled to ₹783.27 crore, up from ₹304.70 crore in FY23.
- The board approved a final dividend of ₹2.25 per share for FY24.
- Cochin Shipyard remains one of the leading shipbuilding and repair yards in India, with exclusive areas set for offshore construction and future expansion.
Below are the trading platforms that you can use to purchase Cochin Shipyard Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| July 2024 | 2,843.10 | 2,472.26 |
| August 2024 | 2,956.83 | 2,571.15 |
| September 2024 | 3,075.10 | 2,674.00 |
| October 2024 | 3,014.81 | 2,621.57 |
| November 2024 | 3,135.40 | 2,726.43 |
| December 2024 | 3,166.75 | 2,753.70 |
Throughout 2024, Cochin Shipyard Ltd is expected to show steady growth in stock prices. In July, the maximum price is projected to be ₹2,843.10 and the minimum price ₹2,472.26. Moving into August, the maximum price is expected to rise to ₹2,956.83 with a minimum of ₹2,571.15. By September, the stock could reach a maximum of ₹3,075.10 and a minimum of ₹2,674.00. October’s prices are anticipated to have a maximum of ₹3,014.81 and a minimum of ₹2,621.57. In November, the maximum price is forecasted at ₹3,135.40 and the minimum at ₹2,726.43. Finally, December is expected to see a maximum price of ₹3,166.75 and a minimum of ₹2,753.70.
| When | Maximum Price | Minimum Price |
| January 2025 | 3,198.42 | 2,460.32 |
| February 2025 | 3,230.73 | 2,485.17 |
| March 2025 | 3,298.57 | 2,537.36 |
| April 2025 | 3,265.91 | 2,512.24 |
| May 2025 | 3,170.79 | 2,439.07 |
| June 2025 | 3,313.47 | 2,548.83 |
| July 2025 | 3,248.50 | 2,498.85 |
| August 2025 | 3,348.97 | 2,576.13 |
| September 2025 | 3,389.16 | 2,607.05 |
| October 2025 | 3,477.28 | 2,674.83 |
| November 2025 | 3,564.21 | 2,741.70 |
| December 2025 | 3,724.60 | 2,865.08 |
As we step into 2025, Cochin Shipyard Ltd’s stock prices are expected to rise. In January, the maximum price is projected to be ₹3,198.42 and the minimum ₹2,460.32. By July, the prices may reach a maximum of ₹3,248.50 and a minimum of ₹2,498.85. As we approach December, the maximum price could be ₹3,724.60 and the minimum ₹2,865.08.
| When | Maximum Price | Minimum Price |
| January 2026 | 3,836.34 | 2,951.03 |
| February 2026 | 3,740.43 | 2,877.25 |
| March 2026 | 3,815.24 | 2,934.80 |
| April 2026 | 3,893.10 | 2,994.69 |
| May 2026 | 3,854.56 | 2,965.04 |
| June 2026 | 3,950.92 | 3,039.17 |
| July 2026 | 3,873.45 | 2,979.58 |
| August 2026 | 3,993.25 | 3,071.73 |
| September 2026 | 4,073.11 | 3,133.16 |
| October 2026 | 4,179.01 | 3,214.63 |
| November 2026 | 4,283.49 | 3,294.99 |
| December 2026 | 4,390.58 | 3,377.37 |
| When | Maximum Price | Minimum Price |
| January 2027 | 4,434.48 | 3,411.14 |
| February 2027 | 4,548.19 | 3,498.60 |
| March 2027 | 4,725.57 | 3,635.05 |
| April 2027 | 4,632.91 | 3,563.77 |
| May 2027 | 4,497.97 | 3,459.98 |
| June 2027 | 4,700.38 | 3,615.67 |
| July 2027 | 4,608.21 | 3,544.78 |
| August 2027 | 4,750.73 | 3,654.41 |
| September 2027 | 4,917.01 | 3,782.32 |
| October 2027 | 5,044.85 | 3,880.66 |
| November 2027 | 5,170.97 | 3,977.67 |
| December 2027 | 5,300.25 | 4,077.11 |
| When | Maximum Price | Minimum Price |
| January 2028 | 5,406.25 | 4,158.66 |
| February 2028 | 5,544.88 | 4,265.29 |
| March 2028 | 5,761.13 | 4,431.63 |
| April 2028 | 5,648.16 | 4,344.74 |
| May 2028 | 5,483.65 | 4,218.19 |
| June 2028 | 5,730.42 | 4,408.01 |
| July 2028 | 5,618.06 | 4,321.58 |
| August 2028 | 5,791.81 | 4,455.24 |
| September 2028 | 5,994.52 | 4,611.17 |
| October 2028 | 6,150.38 | 4,731.06 |
| November 2028 | 6,304.14 | 4,849.34 |
| December 2028 | 6,461.74 | 4,970.57 |
| When | Maximum Price | Minimum Price |
| January 2029 | 6,590.98 | 5,069.98 |
| February 2029 | 6,759.98 | 5,199.98 |
| March 2029 | 7,023.62 | 5,402.78 |
| April 2029 | 6,885.90 | 5,296.85 |
| May 2029 | 6,685.34 | 5,142.57 |
| June 2029 | 6,986.18 | 5,373.98 |
| July 2029 | 6,849.20 | 5,268.61 |
| August 2029 | 7,061.03 | 5,431.56 |
| September 2029 | 7,308.16 | 5,621.66 |
| October 2029 | 7,498.17 | 5,767.83 |
| November 2029 | 7,685.63 | 5,912.02 |
| December 2029 | 7,877.77 | 6,059.82 |
| When | Maximum Price | Minimum Price |
| January 2030 | 8,035.33 | 6,181.02 |
| February 2030 | 8,241.36 | 6,339.51 |
| March 2030 | 8,562.77 | 6,586.75 |
| April 2030 | 8,394.87 | 6,457.60 |
| May 2030 | 8,150.36 | 6,269.51 |
| June 2030 | 8,517.13 | 6,551.64 |
| July 2030 | 8,350.13 | 6,423.18 |
| August 2030 | 8,608.38 | 6,621.83 |
| September 2030 | 8,909.67 | 6,853.59 |
| October 2030 | 9,141.32 | 7,031.79 |
| November 2030 | 9,369.86 | 7,207.58 |
| December 2030 | 9,604.10 | 7,387.77 |
In 2030, Cochin Shipyard Ltd’s stock prices are projected to demonstrate considerable growth. In January, the maximum price is expected to be ₹8,035.33, with a minimum of ₹6,181.02. By July, the prices are anticipated to reach a high of ₹8,350.13 and a low of ₹6,423.18. Moving towards December, the stock prices are forecasted to peak at ₹9,604.10, with a minimum of ₹7,387.77.
Financial Condition of Cochin Shipyard: Last 5 Years
| Sales + | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Expenses + | 2,708 | 2,092 | 2,555 | 2,057 | 2,771 |
| Operating Profit | 714 | 727 | 635 | 273 | 875 |
| OPM % | 21% | 26% | 20% | 12% | 24% |
| Other Income + | 247 | 194 | 266 | 268 | 307 |
| Interest | 50 | 57 | 53 | 42 | 32 |
| Depreciation | 49 | 53 | 54 | 51 | 57 |
| Profit before tax | 863 | 811 | 794 | 448 | 1,094 |
| Tax % | 26% | 25% | 26% | 25% | 26% |
| Net Profit + | 638 | 610 | 587 | 334 | 813 |
| EPS in Rs | 24.24 | 23.19 | 22.29 | 12.71 | 30.91 |
| Dividend Payout % | 34% | 33% | 38% | 39% | 0% |
- Sales witnessed steady growth over the past five periods, reaching a peak of 3,645 in the most recent period, indicating consistent revenue generation and market demand.
- Expenses also increased gradually over the same period, with the highest recorded expense of 2,771, reflecting the company’s investment in operations and expansion.
- Despite fluctuations in operating profit, the company maintained a healthy operating profit margin (OPM %) ranging from 12% to 26%, indicating efficient management of expenses relative to revenue.
- Other income remained relatively stable, contributing positively to the company’s overall profitability and financial performance.
- Interest expenses fluctuated slightly but remained manageable, indicating prudent financial management and control over borrowing costs.
- Depreciation expenses remained relatively consistent, reflecting stable asset utilization and investment in long-term assets.
- Profit before tax exhibited fluctuations but generally showed an increasing trend over the periods, with the highest recorded profit before tax of 1,094 in the most recent period.
- Despite fluctuations in tax rates, the company maintained a consistent net profit margin, with net profit ranging from 334 to 813 across the periods.
- Earnings per share (EPS) showed a positive trend over the periods, reaching a peak of 30.91 in the most recent period, indicating growth in shareholder value and profitability.
- The dividend payout percentage fluctuated over the periods, with the highest recorded payout of 39%, indicating the company’s commitment to rewarding shareholders through dividends while retaining a portion of profits for reinvestment or future growth.
FAQs
What is Cochin Shipyard’s current market capitalization?
Cochin Shipyard currently boasts a market capitalization of ₹74,410 crore
Cochin Shipyard’s share price soared to an impressive peak of ₹5,300.25 in December 2027, signaling strong investor confidence and market optimism.
Looking ahead, Cochin Shipyard’s share price is anticipated to reach impressive heights, ranging from ₹7,387.77 to ₹9,604.10 by December 2030, highlighting the company’s promising long-term growth prospects.
What is Cochin Shipyard’s current Price/Earnings (P/E) ratio?
Cochin Shipyard maintains a healthy Price/Earnings (P/E) ratio of 91.5, reflecting the market’s confidence in the company’s earnings potential.
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Conclusion
In summary, Cochin Shipyard Ltd’s Q4 FY24 results demonstrate significant growth, with consolidated net profit surging to ₹258.88 crore from ₹39.33 crore in the previous year. The substantial increase in total income to ₹1,366.16 crore, compared to ₹671.32 crore in Q4 FY23, highlights the company’s strong financial performance and operational efficiency. Revenue from the shipbuilding segment reached ₹985.15 crore, and ship repairing revenue stood at ₹300.89 crore, indicating diversified revenue streams and sustained market demand. With a final dividend of ₹2.25 per share for FY24, CSL reaffirms its commitment to shareholders and solidifies its position as a leader in the global shipbuilding and repair industry.
What did we learn?
- 1 History of Cochin Shipyard
- 2 Cochin Shipyard Q4 Net Profit Soars to ₹259 Crore, Driven by Robust Income Growth
- 3 How to Purchase Cochin Shipyard Ltd Shares in India?
- 4 Cochin Shipyard Ltd Share Price Prediction: 2024 – 2030
- 4.1 Cochin Shipyard Ltd Share Price Target 2024
- 4.2 Cochin Shipyard Ltd Share Price Prediction 2025
- 4.3 Cochin Shipyard Ltd Share Price Target 2026
- 4.4 Cochin Shipyard Ltd Share Price Target 2027
- 4.5 Cochin Shipyard Ltd Share Price Prediction 2028
- 4.6 Cochin Shipyard Ltd Share Price Target 2029
- 4.7 Cochin Shipyard Ltd Share Price Prediction 2030
- 5 Financial Condition of Cochin Shipyard: Last 5 Years
- 6 FAQs
- 7 Conclusion
