Cochin Shipyard Ltd.

NSE: COCHINSHIP BSE: 540678 SECTOR: Ship Building  50k   627   112

525.10
+17.30 (3.41%)
NSE: 07 Oct 03:59 PM

Price Summary

Today's High

₹ 529.5

Today's Low

₹ 500

52 Week High

₹ 529.5

52 Week Low

₹ 280.75

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

6907.19 Cr.

Enterprise Value

3867.36 Cr.

No. of Shares

13.15 Cr.

P/E

11.45

P/B

1.57

Face Value

₹ 10

Div. Yield

3.2 %

Book Value (TTM)

₹  335.11

CASH

3162.83 Cr.

DEBT

123 Cr.

Promoter Holding

72.86 %

EPS (TTM)

₹  45.86

Sales Growth

13.16%

ROE

14.07 %

ROCE

19.73%

Profit Growth

-3.86 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year13.16%
3 Year2.46%
5 Year9.15%

Profit Growth

1 Year-3.86%
3 Year6.82%
5 Year12.78%

ROE%

1 Year14.07%
3 Year15.98%
5 Year15.52%

ROCE %

1 Year19.73%
3 Year22.18%
5 Year22.26%

Debt/Equity

0.0282

Price to Cash Flow

4.88

Interest Cover Ratio

16.1282814990583

CFO/PAT (5 Yr. Avg.)

0.929058421190581

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 72.86 0
Mar 2022 72.86 0
Dec 2021 72.86 0
Sep 2021 72.86 0
Jun 2021 72.86 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROCE of 22.1790758991141% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 16.1282814990583.
  • The Company has been maintaining an effective average operating margins of 21.1426927999667% in the last 5 years.
  • The company has an efficient Cash Conversion Cycle of -7.04947567854809 days.
  • The company has a high promoter holding of 72.86%.

 Limitations

  • The company has shown a poor profit growth of 6.82451934362587% for the Past 3 years.
  • The company has shown a poor revenue growth of 2.46117274041495% for the Past 3 years.
  • Company has contingent liabilities of 4480.7537 Cr.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Net Sales 329.42 696.29 952.88 1211.4 439.72
Total Expenditure 306.57 529.94 810.79 912.2 405.81
Operating Profit 22.86 166.35 142.1 299.2 33.91
Other Income 47.02 42.2 64.37 112.83 57.49
Interest 11.62 11.64 11.64 11.58 11.84
Depreciation 13.78 14.01 14.11 14.15 14.16
Exceptional Items 0 0 0 0 0
Profit Before Tax 44.48 182.89 180.71 386.3 65.4
Tax 12.2 47.07 46.33 102.23 16.5
Profit After Tax 32.28 135.83 134.39 284.07 48.9
Adjusted EPS (Rs) 2.45 10.33 10.22 21.6 3.72

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 2355.12 2965.6 3422.49 2818.9 3190
Total Expenditure 1890.04 2391.93 2708.28 2091.64 2553.47
Operating Profit 465.09 573.67 714.21 727.25 636.53
Other Income 189.16 227.28 247.5 193.86 266.42
Interest 11.87 15.43 49.56 57.46 52.51
Depreciation 37.51 34.16 48.73 53.07 56.05
Exceptional Items 0 0 0 0 0
Profit Before Tax 604.86 751.38 863.43 810.59 794.39
Provision for Tax 208.11 270.2 225.74 200.48 207.82
Net Profit 396.75 481.18 637.69 610.1 586.57
Adjusted EPS (Rs.) 29.19 36.58 48.48 46.38 44.59

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 135.94 131.54 131.54 131.54 131.54
Total Reserves 3119.93 3200.54 3600.25 3846.03 4227.64
Borrowings 123 123 123 123 123
Other N/C liabilities -17.92 -38.72 358.35 339.27 357.16
Current liabilities 2073.8 1761.46 2145.12 2880.9 3411.27
Total Liabilities 5434.75 5177.81 6358.26 7320.73 8250.61
Assets
Net Block 348.98 374.64 756.19 755.9 740.22
Capital WIP 114.84 341.08 768.21 1061.64 1247.2
Intangible WIP 0 0 0 0 0
Investments 16.37 60.37 65.45 214.45 255.45
Loans & Advances 122.43 332.75 354.24 261.05 225.88
Other N/C Assets 5.76 5.58 8.65 43.31 30.93
Current Assets 4826.37 4063.4 4405.54 4984.38 5750.93
Total Assets 5434.75 5177.81 6358.26 7320.73 8250.61
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 604.86 751.38 863.43 810.59 794.39
Adjustment -109.85 -147.57 -72.79 -9.08 19.28
Changes in Assets & Liabilities 293.15 -851.67 -357.38 -24.54 751.4
Tax Paid -156.1 -200.63 -180.65 -107.41 -150.93
Operating Cash Flow 632.07 -448.5 252.61 669.55 1414.15
Investing Cash Flow -1328.34 1043.71 -73.79 -445.84 -475.68
Financing Cash Flow 812.23 -408.81 -308.65 -405.01 -238.36
Net Cash Flow 115.96 186.4 -129.82 -181.3 700.1

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 72.86 72.86 72.86 72.86 72.86
the president of i... 72.86 72.86 72.86 72.86 72.86
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 27.14 27.14 27.14 27.14 27.14
reliance capital t... - - - - -
life insurance cor... 1.67 - - - -
nippon life india ... 1.84 1.71 1.72 1.83 1.82
icici lombard gene... 1.29 1.29 1.29 1.29 1.29
llp 0.22 0.38 0.39 0.18 0.16

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Cochin Shipyard - Quaterly Results10 Aug 2022, 5:32PM Cochin Shipyard - Quaterly Results10 Aug 2022, 5:32PM Cochin Shipyard delivers first indigenously-built aircraft carrier to Indian Navy 29 Jul 2022, 9:15AM Cochin Shipyard inks agreement with IIMK23 Jul 2022, 11:58AM Cochin Shipyard plans to transform into knowledge-based, technologically upfront corporate: report13 Jun 2022, 11:19AM Cochin Shipyard reports 16% rise in Q4 consolidated net profit23 May 2022, 11:29AM Cochin Shipyard - Quaterly Results20 May 2022, 6:40PM Cochin Shipyard - Quaterly Results20 May 2022, 6:40PM Cochin Shipyard to develop and build first indigenous hydrogen-fuelled electric vessels2 May 2022, 2:54PM Cochin Shipyard to invest Rs 50 crore in start-up companies engaged in maritime sector2 May 2022, 12:00PM Tata Motors, Hero MotoCorp and Cochin Shipyard to see some action today 2 May 2022, 8:51AM Cochin Shipyard submits initial disclosure 21 Apr 2022, 11:46AM Cochin Shipyard informs about certificate20 Apr 2022, 4:29PM Cochin Shipyard informs about confirmation certificate8 Apr 2022, 11:40AM Cochin Shipyard signs agreement with Dredging Corporation of India17 Mar 2022, 5:36PM Cochin Shipyard - Quaterly Results10 Feb 2022, 5:44PM Cochin Shipyard - Quaterly Results10 Feb 2022, 5:44PM Cochin Shipyard - Quaterly Results10 Feb 2022, 5:44PM Cochin Shipyard delivers second lot of three FBOPs vessels to BSF31 Jan 2022, 2:30PM Cochin Shipyard informs about confirmation certificate11 Jan 2022, 9:51AM Cochin Shipyard informs about confirmation certificate11 Oct 2021, 3:57PM Cochin Shipyard informs about newspaper publication7 Sep 2021, 5:03PM Cochin Shipyard launches 5 vessels at one go in Kochi 29 Jul 2021, 9:57AM Cochin Shipyard informs about disclosure of related party transactions28 Jun 2021, 9:36AM Cochin Shipyard informs about investor presentation18 Jun 2021, 2:45PM Cochin Shipyard informs about board meeting5 Jun 2021, 11:28AM Cochin Shipyard informs about updates17 May 2021, 11:08AM Cochin Shipyard’s Rs 170 crore shipbuilding facility in West Bengal to be operational by June30 Mar 2021, 11:28AM Cochin Shipyard delivers 500 Pax passenger vessel ‘Sindhu’ to Andaman and Nicobar Administration30 Mar 2021, 10:00AM Cochin Shipyard signs MoU with DCI, IHC Holland BV to make world-class dredgers25 Feb 2021, 9:49AM Cochin Shipyard declared as L1 in tender floated by Indian Navy23 Feb 2021, 1:55PM Cochin Shipyard informs about transcript of earnings call1 Dec 2020, 10:38AM Cochin Shipyard building autonomous electric vessels for Norwegian company 26 Nov 2020, 9:26AM Cochin Shipyard informs about investor presentation19 Nov 2020, 3:16PM Cochin Shipyard informs about conference call17 Nov 2020, 4:23PM Cochin Shipyard reports 48% fall in Q2 consolidated net profit12 Nov 2020, 4:10PM Cochin Shipyard signs MoU with Fincantieri28 Oct 2020, 8:53AM Cochin Shipyard bags ‘Greenco’ award under ministry of shipping12 Oct 2020, 2:01PM Cochin Shipyard informs about press release 10 Oct 2020, 11:21AM Cochin Shipyard informs about compliance certificate8 Oct 2020, 3:04PM Cochin Shipyard eying opportunities in inland, coastal, special vessels segments7 Sep 2020, 9:01AM Cochin Shipyard informs about book closure5 Sep 2020, 10:33AM Cochin Shipyard informs about transcript of earnings call25 Aug 2020, 10:14AM Cochin Shipyard reports 65% fall in Q1 consolidated net profit11 Aug 2020, 10:59AM Cochin Shipyard signs contract for construction of Autonomous Electric Vessels for ASKO Maritime 16 Jul 2020, 8:50AM Cochin Shipyard informs about conference call3 Jul 2020, 10:26AM Cochin Shipyard informs about monitoring agency report13 May 2020, 12:30PM

Cochin Shipyard Stock Price Analysis and Quick Research Report. Is Cochin Shipyard an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Cochin Shipyard has a PE ratio of 11.4510891728218 which is low and comparatively undervalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Cochin Shipyard has ROA of 7.53394450130887 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Cochin Shipyard has a Current ratio of 1.68586024885379 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Cochin Shipyard has a ROE of 14.0718732421575 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Cochin Shipyard has a D/E ratio of 0.0282 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Cochin Shipyard has an Inventory turnover ratio of 8.75988180484729 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Cochin Shipyard has reported revenue growth of 13.1649187607777 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Cochin Shipyard for the current financial year is 19.9539530141434 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Cochin Shipyard is Rs 16.75 and the yield is 3.196 %.

Brief about Cochin Shipyard

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