Cochin Shipyard Ltd – Financial & Business Overview

• Business Overview: Cochin Shipyard Ltd (CSL) is India’s largest public-sector shipbuilding and maintenance company under the Ministry of Ports, Shipping and Waterways. It provides services in shipbuilding, ship repair, offshore construction, and defense projects. CSL is a strategic player in India’s naval defense and commercial shipping sector. • Market Cap: ₹14,180 crore (approx) • Stock P/E: 30.8 • Book Value: ₹230.1 • Price to Book (P/B): 2.1 • Industry P/E: 37.2 • Dividend Yield: 0.59% • ROE (Return on Equity): 9.7% • ROCE (Return on Capital Employed): 13.4% • Face Value: ₹10 • Key Financials: • Revenue (TTM): ₹4,949 crore • Net Profit (TTM): ₹629 crore • EPS (TTM): ₹29.6 • Quarterly Sales (Jun 2024): ₹977 crore • Quarterly Profit (Jun 2024): ₹134 crore • Strengths: • Strong order book in defense and commercial sectors. • Strategic importance in India’s shipbuilding and defense sector. • Consistent dividend-paying history. • Government support and increasing focus on Atmanirbhar Bharat in defense manufacturing. • Risks/Concerns: • Business dependent on government and defense orders. • Cyclical nature of shipbuilding industry. • Execution delays can affect revenue recognition. • Outlook: With India’s focus on defense indigenization and shipping infrastructure, Cochin Shipyard is well-positioned for long-term growth. The company is expanding capacity and diversifying into new segments like autonomous and green shipping solutions.