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Cochin Shipyard Limited
(COCHINSHIP)
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Rating:56Neutral
Price Target:
₹1,423.00
▼(-7.91% Downside)
Action:Reiterated
Date:09/12/26
The score is led by solid profitability and a conservative balance sheet, but it is materially reduced by persistent negative operating/free cash flow. Weak technicals (trading below key moving averages with low RSI) and an expensive valuation (high P/E and low yield) further weigh on the overall rating.
Positive Factors
Conservative Balance Sheet
Low leverage and steadily expanding equity and assets give Cochin Shipyard financial resilience. This supports its ability to fund operations, withstand project timing variability, and pursue shipbuilding or repair opportunities without relying excessively on external borrowing.
Negative Factors
Persistent Negative Cash Flow
Persistent negative operating and free cash flow creates a material disconnect between reported earnings and cash generation. If this continues, working-capital needs and project execution may absorb internal funds, reducing flexibility to invest, return capital, or manage setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and steadily expanding equity and assets give Cochin Shipyard financial resilience. This supports its ability to fund operations, withstand project timing variability, and pursue shipbuilding or repair opportunities without relying excessively on external borrowing.
Read all positive factors
Cochin Shipyard Limited (COCHINSHIP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹358.58B
Dividend Yield0.64%
Average Volume (3M)99.54K
Price to Earnings (P/E)54.1
Beta (1Y)2.01
Revenue Growth-1.36%
EPS Growth-19.12%
CountryIN
Employees2,140
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)25.86
Shares Outstanding263,080,780
10 Day Avg. Volume142,304
30 Day Avg. Volume99,541
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)34.48
Revenue Forecast (FY)₹56.92B
Cochin Shipyard Limited Business Overview & Revenue Model
Company Description
Cochin Shipyard Limited (CSL) operates as a prominent Indian entity specializing in the construction and refurbishment of various marine vessels and offshore structures. Its shipbuilding arm produces a wide array of ships, including tankers, produ...
How the Company Makes Money
Cochin Shipyard Limited primarily generates revenue from (1) shipbuilding (newbuild contracts) and (2) ship repair and maintenance services. In shipbuilding, the company earns money by executing contracts to design/build and deliver vessels to cus...
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 | 50.47B | 50.22B | 48.20B | 38.31B | 23.65B | 31.91B |
| Gross Profit | 10.64B | 11.53B | 17.70B | 15.03B | 7.75B | 11.65B |
| EBITDA | 11.53B | 12.21B | 10.27B | 8.91B | 3.40B | 7.31B |
| Net Income | 6.80B | 7.17B | 8.27B | 7.83B | 3.05B | 5.64B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 145.31B | 133.99B | 120.42B | 100.21B | 84.14B |
| Cash, Cash Equivalents and Short-Term Investments | 24.06B | 24.06B | 4.02B | 5.77B | 47.92B | 32.13B |
| Total Debt | 0.00 | 16.72B | 5.60B | 5.02B | 5.87B | 5.54B |
| Total Liabilities | -58.73B | 86.58B | 78.20B | 70.39B | 55.93B | 40.21B |
| Stockholders Equity | 58.73B | 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
1545.15
Price Trends
1448.76
Negative
1489.34
Negative
1500.30
Negative
Market Momentum
-30.86
Positive
38.41
Neutral
16.45
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 1545.15 is above the 20-day moving average (MA) of 1467.90, above the 50-day MA of 1448.76, and above the 200-day MA of 1500.30, indicating a bearish trend. The MACD of -30.86 indicates Positive momentum. The RSI at 38.41 is Neutral, neither overbought nor oversold. The STOCH value of 16.45 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹2.88T | 46.82 | ― | 0.64% | 19.83% | 11.75% | |
62 Neutral | ₹908.41B | 32.18 | ― | 0.92% | 13.87% | 31.72% | |
56 Neutral | ₹358.58B | 54.06 | ― | 0.64% | -1.36% | -19.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹276.41B | 34.50 | ― | 0.81% | 39.64% | 42.87% | |
49 Neutral | ₹143.69B | -61.11 | ― | ― | 4092.36% | -46.87% | |
44 Neutral | ₹18.16B | -88.64 | ― | ― | -46.54% | -151.08% |
* General Sector Average
IN:COCHINSHIP
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Cochin Shipyard Limited Corporate Events
Cochin Shipyard Seals BRICS-Stage Joint Venture With Drydocks World Dubai
Sep 11, 2026
Cochin Shipyard Limited has formally executed a joint venture agreement with Drydocks World Dubai, a DP World company, marking a strategic collaboration in the global maritime and ship repair space. The agreement was signed during the BRICS Summit...
Cochin Shipyard Files Newspaper Ads on Q1 FY27 Unaudited Results
Aug 17, 2026
Cochin Shipyard Limited has published newspaper advertisements detailing its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company has formally notified the Bombay Stock Exchange and the National ...
Government to Divest Stake in Cochin Shipyard via ₹1,400 OFS
Jul 6, 2026
The Government of India, through the Ministry of Ports, Shipping and Waterways, plans to sell up to 6,629,636 equity shares of Cochin Shipyard Limited via a stock exchange offer for sale mechanism. The sale is structured with separate bidding wind...
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.