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    Cochin Shipyard Limited

    Govt-owned Kochi shipyard building and repairing naval and commercial vessels, incl. INS Vikrant

    Capital Goods
    Industrials
    View COCHINSHIP earnings calls
    ₹1,402.2
    -6.64% from avg

    Overview

    Price

    ₹1,402.2

    Market Cap

    ₹36.9k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital132132132132132132132132
    Reserves3.6k3.8k4.2k4.3k4.9k5.5k5.6k5.8k
    Borrowings1235325465674895011.0k1.6k
    Other Liabilities2.6k2.9k3.4k4.9k6.4k6.9k6.9k6.6k
    Total Liabilities6.4k7.4k8.3k9.9k11.9k13.0k13.7k14.1k
    AssetsFixed Assets7567567407167222.8k2.9k2.9k
    CWIP7681.1k1.2k1.6k2.2k511575583
    Investments65214262336355359360475
    Other Assets4.8k5.4k6.1k7.3k8.6k9.4k9.9k10.1k
    Total Assets6.4k7.4k8.3k9.9k11.9k13.0k13.7k14.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-4482536701.4k2.1k-173-269-1.3k
    Cash from Investing1.0k-74-446-1.0k-226478613282
    Cash from Financing-409-309-405-238-272-371-279667
    SummaryCapital Expenditure
    Free Cash Flow-732-2103261.2k1.7k-789-749-1.4k
    FCF Margin

    Valuation

    Assumptions

    Current — COCHINSHIP
    Price
    ₹1,402
    EPS (TTM)
    ₹24.44
    PE (TTM)
    57.4
    Profit growth
    24.4%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (48.8×) and current (57.4×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,402
    vs
    Fair value · 15% return
    ₹1,638
    17%Undervalued

    At 24.4% growth and a 49× exit, ₹1402 only delivers your return if you pay ₹1,638. The price is currently baking in 21% growth.

    EPS grows 24.4%/yr for 5 years, then fades to 6% over 2, exits at 49×.

    YearGrowthEPS (₹)
    FY2724.4%30.40
    FY2824.4%37.82
    FY2924.4%47.05
    FY3024.4%58.53
    FY3124.4%72.81
    FY3215.2% ·fade83.88
    FY336.0% ·fade88.91

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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