Cochin Shipyard Limited (COCHINSHIP) AI Stock Analysis

• Market Cap: ₹489.90B
• Dividend Yield: 0.64%
• Average Volume (3M): 163.82K
• Price to Earnings (P/E): 58.3
• Beta (1Y): 2.26
• Revenue Growth: 24.03%
• EPS Growth: -2.11%
• Country: IN
• Employees: 2,133
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 7.10
• Shares Outstanding: 263,080,780
• 10 Day Avg. Volume: 163,406
• 30 Day Avg. Volume: 163,817
• 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: ₹860.00
• Price Target Upside: -53.82% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ₹2,040.00 ▲(9.55% Upside)

Cochin Shipyard Limited demonstrates strong financial performance with robust revenue growth and solid balance sheet stability. However, the persistent negative cash flow and high P/E ratio suggest potential risks. Technical indicators show positive short-term momentum, but valuation concerns and cash flow issues weigh on the overall score.

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 its shipbuilding and ship repair operations. The company earns money by constructing new ships for both commercial and defense sectors, which involves contracts with shipping companies and government defense agencies. Additionally, it undertakes ship repair and maintenance projects, which contribute significantly to its revenue. Cochin Shipyard engages in long-term contracts and partnerships with various domestic and international clients, enhancing its earnings through repeat business and ongoing service agreements. The company also benefits from government initiatives and policies supporting the maritime industry, which can lead to increased orders and steady revenue streams.

Cochin Shipyard Limited Financial Statement Overview

Summary

Cochin Shipyard Limited shows strong revenue growth and efficient operations, as seen in its income statement. The balance sheet reflects strong equity and low leverage, which supports financial stability. 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	37.51B	23.65B	31.27B	27.76B
Gross Profit	14.04B	18.12B	9.77B	4.06B	8.07B	9.44B
EBITDA	11.09B	8.78B	8.99B	5.31B	8.89B	9.26B
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: Positive
• Last Price: 1862.15
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:COCHINSHIP, the sentiment is Positive. The current price of 1862.15 is above the 20-day moving average (MA) of 1803.75, above the 50-day MA of 1749.50, and above the 200-day MA of 1657.59, indicating a bullish trend. The MACD of 32.80 indicates Positive momentum. The RSI at 56.30 is Neutral, neither overbought nor oversold. The STOCH value of 37.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:COCHINSHIP.

Cochin Shipyard Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HAL	73 Outperform	₹3.26T	39.20	―	0.82%	2.07%	0.81%
MAZDOCK	72 Outperform	₹1.16T	53.58	―	0.60%	21.24%	-6.43%
BEL	70 Outperform	₹3.02T	54.83	―	0.58%	14.23%	29.82%
COCHINSHIP	69 Neutral	₹489.90B	58.26	―	0.64%	24.03%	-2.11%
GRSE	67 Neutral	₹312.16B	55.70	―	0.51%	39.76%	52.37%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BDL	63 Neutral	₹572.20B	102.04	―	0.30%	50.34%	-3.00%

Cochin Shipyard Limited Corporate Events

Cochin Shipyard Limited Submits SEBI Compliance Certificate

Cochin Shipyard Limited has submitted a confirmation certificate in compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This submission is a routine regulatory requirement, indicating the company’s adherence to compliance standards, which is crucial for maintaining its operational integrity and stakeholder trust.