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Cochin Shipyard Ltd.

COCHINSHIPIndustrials filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

12 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 12 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT201906112019-03-31yes
TRANSCRIPT202002192019-12-31yes
TRANSCRIPT202007032020-03-31yes
TRANSCRIPT202008252020-06-30yes
TRANSCRIPT202012012020-09-30yes
TRANSCRIPT202107052021-03-31yes
TRANSCRIPT202206012022-03-31yes
TRANSCRIPT202306062023-03-31yes
TRANSCRIPT202311272023-09-30yes
TRANSCRIPT202402152023-12-31yes
TRANSCRIPT202406072024-03-31yes
DUPLICATE202406072024-03-31no
TRANSCRIPT202508262025-06-30yes

COCHINSHIP

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.

Last close1,370.00
52-week range1193.1 – 1926.9
Return 1M-9.78%
Return 3M-6.06%
Return 1Y-27.7%
Return 3Y178.67%
Return 5Y658.69%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations1,094.00
Other income67.00
Total income1,161.00
Cost of materials consumed453.00
Purchases of stock-in-trade0.00
Changes in inventories0.00
Employee benefit expense127.00
Finance costs25.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.680.00
institutions foreign0.03-0.00
institutions domestic0.070.01
mutual funds0.020.00
public0.320.00

Documents on file

ClassMost recentOn file
DUPLICATE2024-03-311
TRANSCRIPT2025-06-3012

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations683.00642.00600.00476.001,012.001,056.001,286.00771.001,143.001,148.001,758.001,069.001,119.001,350.001,484.001,094.00
Other income62.0023.0071.0084.0089.0058.0080.0084.00101.0047.00157.0054.00127.0071.00157.0067.00
Total income745.00665.00671.00560.001,100.001,114.001,366.00855.001,244.001,194.001,915.001,123.001,246.001,422.001,641.001,161.00
Cost of materials consumed324.00232.00408.00166.00492.00450.00627.00317.00603.00513.00701.00325.00555.00597.00719.00453.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Changes in inventories-3.001.003.00-0.002.00-0.00-0.00-0.00-0.00-0.00-5.00-1.00-0.003.006.000.00
Employee benefit expense81.0085.0090.0087.0097.0093.00110.00100.00104.00103.00117.00107.00114.00123.00128.00127.00
Finance costs12.0012.00-1.009.0010.008.007.007.009.0011.0012.0012.0020.0028.0032.0025.00
Depreciation and amortisation20.0019.0011.0017.0019.0020.0019.0019.0026.0032.0027.0034.0031.0033.0032.0032.00
Other expenses146.00174.00166.00145.00231.00203.00262.00178.00239.00294.00678.00396.00376.00441.00322.00321.00
Total expenses580.00524.00677.00423.00849.00774.001,024.00620.00981.00953.001,531.00873.001,096.001,225.001,239.00959.00
Profit before exceptional items and tax165.00140.00-5.00137.00251.00340.00342.00236.00263.00242.00384.00250.00150.00197.00403.00202.00
Exceptional items0.000.0062.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax165.00140.0057.00137.00251.00340.00342.00236.00263.00242.00384.00250.00150.00197.00403.00202.00
Current tax43.0048.00-3.0035.0055.0092.00101.0061.0059.0055.00129.0056.0020.0045.00-53.0031.00
Deferred tax9.00-18.0020.003.0015.004.00-18.000.0016.009.00-32.005.0022.007.00179.0020.00
Tax expense52.0030.0017.0039.0070.0096.0083.0062.0075.0065.0097.0062.0042.0052.00126.0051.00
Profit for the period113.00110.0039.0099.00182.00244.00259.00174.00189.00177.00287.00188.00108.00145.00276.00151.00
Profit attributable to owners113.00110.0039.0099.00182.00244.00259.00174.00189.00177.00287.00188.00108.00—276.00151.00
Profit attributable to non-controlling interests0.000.000.000.000.000.000.000.000.000.000.000.000.00—0.000.00
Other comprehensive income-1.00-25.00-10.0014.0020.00-27.0023.007.00-40.0068.00-31.00-95.00-23.0018.00-102.0018.00
Total comprehensive income111.0085.0029.00113.00202.00217.00282.00181.00149.00245.00256.0093.0084.00163.00175.00170.00
Earnings per share, basic8.578.392.997.5013.8018.589.846.627.186.7310.927.144.095.5010.515.76
Earnings per share, diluted8.578.392.997.5013.8018.589.846.627.186.7310.927.144.095.5010.515.76

Annual results, as filed

Line2020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations3,422.002,819.003,191.002,365.003,830.004,820.005,022.00
Other income245.00191.00263.00207.00310.00389.00410.00
Total income3,668.003,010.003,454.002,572.004,141.005,209.005,432.00
Cost of materials consumed1,796.001,220.001,619.001,122.001,734.002,134.002,196.00
Purchases of stock-in-trade0.000.000.000.000.000.000.00
Changes in inventories0.000.00-4.00-1.001.00-5.007.00
Employee benefit expense306.00292.00311.00334.00386.00424.00472.00
Finance costs45.0051.0047.0035.0033.0039.0092.00
Depreciation and amortisation49.0060.0070.0069.0075.00103.00130.00
Other expenses614.00591.00642.00656.00840.001,389.001,535.00
Total expenses2,810.002,214.002,685.002,215.003,070.004,084.004,433.00
Profit before exceptional items and tax858.00795.00769.00357.001,071.001,125.00999.00
Exceptional items0.0013.00-3.0062.000.000.000.00
Profit before tax858.00808.00766.00418.001,071.001,125.00999.00
Current tax206.00233.00197.00103.00283.00304.0069.00
Deferred tax19.00-33.005.0011.004.00-6.00213.00
Tax expense226.00199.00202.00114.00288.00298.00282.00
Profit for the period632.00609.00564.00305.00783.00827.00717.00
Profit attributable to owners—609.00564.00305.00783.00827.00717.00
Profit attributable to non-controlling interests—0.000.000.000.000.000.00
Other comprehensive income-6.004.00-1.00-37.0029.004.00-167.00
Total comprehensive income626.00613.00563.00268.00812.00831.00550.00
Earnings per share, basic48.0546.2742.8723.1629.7731.4527.24
Earnings per share, diluted48.0546.2742.8723.1629.7731.4527.24

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets8,169.0010,021.0010,958.0012,074.0012,395.0013,399.0014,253.0014,531.00
Non-current assets2,646.002,884.003,186.003,411.003,591.003,733.003,913.003,909.00
Current assets5,523.007,137.007,772.008,663.008,804.009,667.0010,340.0010,607.00
Property, plant and equipment532.00943.00948.00949.001,685.003,034.003,158.003,156.00
Capital work-in-progress1,346.001,602.001,968.002,195.001,719.00515.00578.00586.00
Goodwill0.000.000.000.000.000.000.000.00
Other intangible assets69.0010.0021.0018.0016.0013.009.007.00
Inventories310.00373.00747.001,026.001,736.001,885.002,160.002,288.00
Trade receivables670.00338.00322.00355.00470.00229.00560.00423.00
Cash and cash equivalents1,326.002,081.002,150.002,587.00278.00317.00108.00105.00
Total equity and liabilities8,169.0010,021.0010,958.0012,074.0012,395.0013,399.0014,253.0014,531.00
Equity4,498.004,428.004,703.005,003.005,276.005,579.005,697.005,873.00
Equity share capital132.00132.00132.00132.00132.00132.00132.00132.00
Other equity4,366.004,296.004,571.004,872.005,144.005,448.005,566.005,741.00
Total liabilities3,672.005,593.006,255.007,071.007,119.007,820.008,555.008,658.00
Non-current liabilities558.00472.00495.00523.00524.00543.00606.00677.00
Current liabilities3,113.005,121.005,760.006,548.006,596.007,277.007,949.007,981.00
Borrowings, non-current123.0023.0024.0023.0024.0023.0024.0023.00
Borrowings, current7.00110.00117.000.000.0046.00572.001,076.00
Trade payables561.00216.00470.00497.00591.00501.00929.00962.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities-261.001,889.00-849.00-172.00-613.00-297.00-709.00-1,234.00
Net cash from investing activities183.00-35.00949.001,056.00592.00538.00130.00327.00
Net cash from financing activities-19.00-276.00-33.00-371.00-8.00-277.00322.00696.00
Purchase of property, plant and equipment21.0045.0024.0030.0015.00403.00104.0070.00
Net increase in cash-97.001,578.0066.00513.00-28.00-36.00-257.00-211.00
con:CFO.BEFORE_TAX-187.002,003.00-763.0016.00-510.00-151.00-629.00-1,104.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING74.00114.0087.00188.00102.00146.0079.00130.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS0.001.000.000.001.001.000.000.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group72.8672.8672.8672.8672.8672.8672.8667.9167.9167.910.680.680.680.68
Domestic institutions3.793.222.252.212.452.503.016.636.826.320.060.060.060.07
Mutual funds—————————2.550.020.020.020.02
Insurance companies1.440.780.290.290.290.260.372.953.393.520.040.040.040.04
Foreign institutions6.285.735.814.105.234.943.842.912.873.870.030.030.030.03
Government—————————0.000.000.000.000.00
Public27.1427.1427.1427.1427.1427.1427.1432.0932.0932.090.320.320.320.32
Non-institutional17.0618.1919.0720.8319.4619.7020.2922.5422.3921.890.220.230.230.22
Shares outstanding131540390131540390131540390131540390263080780263080780263080780263080780263080780263080780263080780263080780263080780263080780

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Hooghly Cochin Shipyard LimitedWholly owned subsidiaryAdvance, Any other transaction140,824,000.005
Udupi Cochin Shipyard LimitedWholly owned subsidiaryAny other transaction14,532,000.005
Shri Madhu Sankunny NairKMPRemuneration5,170,000.001
Shri Bejoy BhaskerKMPRemuneration4,390,000.001
Shri Sreejith K NarayananKMPRemuneration4,131,000.001
Shri Jose V JKMPRemuneration3,902,000.001
Shri Syamkamal NKMPAdvance, Any other transaction, Remuneration1,327,000.003
Shri Abhijit BiswasKMPAny other transaction270,000.001
Shri Nahar Singh MaheshwariKMPAny other transaction240,000.001
Shri Ashok SharmaKMPAny other transaction240,000.001
Smt. Amrapali Prashant SalveKMPAny other transaction210,000.001
Shri Venkatesan MKMPAny other transaction120,000.001
Shri Prithiviraj HarichandanKMPAny other transaction30,000.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2025-08-26Q1FY26(PLANNING & PROJECT MANAGEMENT), BUILDING, COCHIN SHIPYARD LIMITED, DIRECTOR, DIRECTOR, SHRead the call
2024-06-07Q4FY24COCHIN SHIPYARD LIMITED, LIMITED, SHIPYARD LIMITEDRead the call
2024-02-15Q3FY24SHIPYARD LIMITEDRead the call
2023-11-27Q2FY24SHIPYARD LIMITEDRead the call
2023-06-06Q4FY23Read the call
2022-06-01Q4FY22COCHIN SHIPYARD LIMITED, DIRECTOR, COCHIN SHIPYARD LIMITED, SHIPYARD LIMITEDRead the call
2021-07-05Q4FY21Read the call
2020-12-01H1FY21Read the call
2020-08-25Q1FY21Read the call
2020-07-03FYFY20Read the call
2020-02-19Read the call
2019-06-11Q4FY19Read the call

What they said about it, quarter by quarter

TopicQ1FY26Q2FY24Q3FY24Q4FY19Q4FY21Q4FY22Q4FY23Q4FY24
CapexTwo JVs, whether it will have more CAPEX from CSL side?Sir, congratulations on completing the large capex project.—My third question was on the capex target for FY2020, I know in a four-year block you need to spend about Rs.I just wanted to know, is it a CAPEX till date which has happened on the International Ship Repair Facility, the new dry dock at Hooghly and Temba til…May 26, 2022 The next large CAPEX infrastructure has been the international ship repair facility, the ISRF, the ship repair facility which we are crea…I'll quickly jump into a view into the future, and then I'll come and touch upon opportunities and current status on the capex projects.These projects are significant for the company as it's the highest capex, around INR2,769 crores, ever made by CSL in its long journey of over 50 year…
Capital allocation—The Board has also declared an interim dividend of INR8 per share, that is 80 percentage, which will be paid in early December 2023.Also, the company's Board at the recent meeting held on 30th January '24, have declared second income dividend of INR3.50 per equity share of face val…————In recognition of our financial performance, the Board has recommended a final dividend of INR2.25 per share, aggregating to INR59.19 crores.
CostsWhat cost pressure are you facing in steel equipment or manpower and how are they being managed?——Understood Sir and I have another question on the raw material cost side, so I see that Q4 FY2019 and I understand that obviously raw material cost de…And the volatility in raw material is quite immense at the time of the NGMV bid, because you have still not closed the contract.Sir, my first question is that if you can give some color on the raw material basket, what was the raw material basket cost last 2-3 years and how do …——
Debt and cash————————
DemandOur order book remains good at about Rs.21,100 crores.I'm pleased to inform you that our unexecuted order book currently stands at around INR22,000 crores, which is a healthy figure.The vessel is designed and built to cater to the service, maintenance and operational needs of the offshore wind farm industry in the European market …My first question is pertaining to the new orders that we have in the pipeline and also as per the recent reports in media, we read that the probabili…Understood sir, how does the order pipeline large tender which you are bidding for in FY22, or do you think that will get concluded and where we have …May 26, 2022 are happening, so four-vessel LPD should be coming and that is something which we would look at in the pipeline.About Rs.21,400 crores is the order book for the company.The order book position of UCSL stands at approximately of INR800 crores as on date.
GuidanceSo, on an overall PAT level, we would guide -And if approved, we expect to complete the process by end January/early February 2024.We normally guide a little bit lower, but we have about INR800 plus crores in ship repair.There are two, which have already been issued and which we are participating in and we are expecting a few to come in from July to December of this ye…So, from the aircraft carrier we should be expecting to get about 1850 crores and from other shipbuilding projects we expect to get another about 950,…On the new infrastructure and the CAPEX investments, again it has been disappointing, both on the new Dry Dock project which is being executed by L&T …We expect we should be successful in some of these, which are at advanced stages for both execution at CSL, Cochin and also Udupi Cochin Shipyard in U…For the financial year 2024-'25, we would like to guide with a target of 20 to 25 percentage increase in the top line.
MarginOur EBITDA margin for the quarter stood at 28% and PAT margin at 18%.We have achieved a strong EBITDA margin of 20 percentage for the first half which excludes other income.In terms of the financial indicators, the company achieved a strong EBITDA margin of 34 percentage for the 9-month period ended December '24.—And sir, do you think the margin undergo a change going forward for next two years or do you think this margins are sustainable and on ship repair, do…So, 22-23 just wanted to be cautious on this because more or less flat, margin should remain generally intact, but as we move forward into next year a…Shipbuilding is around -- on an EBITDA level, Shipbuilding will be around 12 percent to 13 percentage.I just wanted to understand, you said the EBITDA margin previously guided, so in the range of 18% to 19% on a consolidated.
PeopleWith HD KSOE of South Korea, we intend to jointly explore new shipbuilding opportunities, share technical expertise, and work together to scale up pro…What is the maximum ship repair revenue we can clock, let's say, 80%, 85% utilization level?——Who are the main competitors in our industry and what is our capacity utilization as on today.——My follow-up on repairing side is more of on the utilization of new facilities, which got commenced recently.
PricingOver the years, we have developed a fair bit of experience to tide over such situations, and largely at the bidding stage, we consider the current mar…———So when you look at the overall cost of the ship, so that commodity pricing is not a great factor, you're right if it was a bulk carrier, we would hav…There is nothing to be discussed further, contracts and pricing everything is done with the committees.Delivery dates, pricing, everything has been finalized.—
Revenue growthTop line, for the current year from where we were last year, we consider 14% to 15% top line growth.These 2 projects have played a significant role in driving our revenue growth during this period.So that should be in the range of [3,000 -- 700 to 800] top line?So, for the next year we have taken in MoU target, which is what I was talking like the topline should grow 12% to 14% and profit margins also consist…Sir, firstly on the annual revenue target, we have pegged it at 3500 crores for FY22. Keeping in mind all the current disruptions that have taken plac…No, comment was because our topline if you look at in last 4 years has been close to about Rs.—May 31, 2024 Number two, what are the factors making you - giving you some confidence that the growth will be double digit, maybe 20%, 25% on the reve…