Cochin Shipyard Ltd (COCHINSHIP) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-6.82%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 2.8%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 11.2%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹1,159.93

200-Day DMA ● Overlay

₹1,075.79

14-Day RSI ● Overlay

28.1 (Oversold)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹33,858 Cr

Large cap

Stock P/E (TTM) Valuation

57.3x

Price / EPS

Book Value (₹) Assets

₹224.0

P/B: 5.8x

ROE (%) Quality

11.2%

Net Profit / Equity

ROCE (%) Efficiency

14.5%

EBIT / Capital

Dividend Yield Yield

0.70%

Face Value: ₹10

Debt / Equity Solvency

0.27x

Manageable

EPS (TTM) Per Share

₹22.46

Trailing 12M

OPM (%) Spread

14.0%

EBITDA Margin

Free Cash Flow Cash

-₹1,391 Cr

CFO - Capex

About Cochin Shipyard Ltd

Cochin Shipyard Ltd (COCHINSHIP) is a leading Indian enterprise operating in the Defense & Aerospace sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 10.1% × Turnover: 0.85x × Leverage: 1.27x = ROE: 11.2%

✓ Company Strengths (Pros)

• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 5.8x its book value.
• Commanding an elevated valuation multiple with P/E at 57.3x.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹4,240 Cr

Latest PAT

₹591.00 Cr

EPS (TTM)

₹22.46

OPM %

14.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹476.00 Cr	₹1,012 Cr	₹1,056 Cr	₹1,286 Cr	₹771.00 Cr	₹1,143 Cr	₹1,148 Cr	₹1,758 Cr	₹1,069 Cr	₹1,119 Cr	₹1,350 Cr	₹1,484 Cr	₹1,094 Cr
Operating Profit (EBITDA)	₹79.00 Cr	₹191.00 Cr	₹310.00 Cr	₹288.00 Cr	₹177.00 Cr	₹197.00 Cr	₹237.00 Cr	₹266.00 Cr	₹241.00 Cr	₹74.00 Cr	₹187.00 Cr	₹310.00 Cr	₹193.00 Cr
OPM %	17.0%	19.0%	29.0%	22.0%	23.0%	17.0%	21.0%	15.0%	23.0%	7.0%	14.0%	21.0%	18.0%
Interest Expense	₹9.00 Cr	₹10.00 Cr	₹8.00 Cr	₹7.00 Cr	₹7.00 Cr	₹9.00 Cr	₹11.00 Cr	₹12.00 Cr	₹12.00 Cr	₹20.00 Cr	₹28.00 Cr	₹32.00 Cr	₹25.00 Cr
Depreciation	₹17.00 Cr	₹19.00 Cr	₹20.00 Cr	₹19.00 Cr	₹19.00 Cr	₹26.00 Cr	₹32.00 Cr	₹27.00 Cr	₹34.00 Cr	₹31.00 Cr	₹33.00 Cr	₹32.00 Cr	₹32.00 Cr
Profit before Tax (PBT)	₹137.00 Cr	₹251.00 Cr	₹340.00 Cr	₹342.00 Cr	₹236.00 Cr	₹263.00 Cr	₹242.00 Cr	₹384.00 Cr	₹250.00 Cr	₹150.00 Cr	₹197.00 Cr	₹403.00 Cr	₹202.00 Cr
Net Profit (PAT)	₹99.00 Cr	₹182.00 Cr	₹244.00 Cr	₹259.00 Cr	₹174.00 Cr	₹189.00 Cr	₹177.00 Cr	₹287.00 Cr	₹188.00 Cr	₹108.00 Cr	₹145.00 Cr	₹276.00 Cr	₹151.00 Cr
EPS in ₹	₹3.75	₹6.90	₹9.29	₹9.84	₹6.62	₹7.18	₹6.73	₹10.92	₹7.14	₹4.09	₹5.50	₹10.51	₹5.76

Annual P&L (₹ Cr)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹2,355 Cr	₹2,966 Cr	₹3,422 Cr	₹2,819 Cr	₹3,191 Cr	₹2,365 Cr	₹3,830 Cr	₹4,820 Cr	₹5,022 Cr	₹5,047 Cr
Expenses	₹1,891 Cr	₹2,394 Cr	₹2,711 Cr	₹2,096 Cr	₹2,564 Cr	₹2,103 Cr	₹2,949 Cr	₹3,925 Cr	₹4,190 Cr	₹4,284 Cr
Operating Profit	₹465.00 Cr	₹571.00 Cr	₹711.00 Cr	₹723.00 Cr	₹627.00 Cr	₹262.00 Cr	₹882.00 Cr	₹895.00 Cr	₹831.00 Cr	₹763.00 Cr
OPM %	20%	19%	21%	26%	20%	11%	23%	19%	17%	15%
Interest	₹12.00 Cr	₹15.00 Cr	₹50.00 Cr	₹58.00 Cr	₹53.00 Cr	₹43.00 Cr	₹46.00 Cr	₹55.00 Cr	₹111.00 Cr	₹106.00 Cr
Depreciation	₹38.00 Cr	₹34.00 Cr	₹49.00 Cr	₹60.00 Cr	₹68.00 Cr	₹69.00 Cr	₹75.00 Cr	₹103.00 Cr	₹130.00 Cr	₹128.00 Cr
Profit before Tax	₹604.00 Cr	₹748.00 Cr	₹858.00 Cr	₹808.00 Cr	₹766.00 Cr	₹418.00 Cr	₹1,071 Cr	₹1,125 Cr	₹999.00 Cr	₹952.00 Cr
Net Profit	₹396.00 Cr	₹478.00 Cr	₹632.00 Cr	₹609.00 Cr	₹564.00 Cr	₹305.00 Cr	₹783.00 Cr	₹827.00 Cr	₹717.00 Cr	₹680.00 Cr
EPS in Rs	14.58	18.17	24.02	23.13	21.44	11.58	29.77	31.45	27.24	25.86

Balance Sheet (₹ Cr)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹136.00 Cr	₹132.00 Cr	₹132.00 Cr	₹132.00 Cr	₹132.00 Cr	₹132.00 Cr	₹132.00 Cr	₹132.00 Cr	₹132.00 Cr
Reserves & Surplus	₹3,120 Cr	₹3,197 Cr	₹3,591 Cr	₹3,902 Cr	₹4,262 Cr	₹4,296 Cr	₹4,872 Cr	₹5,448 Cr	₹5,741 Cr
Borrowings (Debt)	₹123.00 Cr	₹123.00 Cr	₹123.00 Cr	₹540.00 Cr	₹554.00 Cr	₹587.00 Cr	₹502.00 Cr	₹560.00 Cr	₹1,672 Cr
Total Liabilities	₹5,487 Cr	₹5,251 Cr	₹6,411 Cr	₹7,549 Cr	₹8,414 Cr	₹10,021 Cr	₹12,037 Cr	₹13,393 Cr	₹14,531 Cr
Fixed Assets	₹349.00 Cr	₹376.00 Cr	₹764.00 Cr	₹867.00 Cr	₹970.00 Cr	₹953.00 Cr	₹968.00 Cr	₹3,047 Cr	₹3,164 Cr
Total Assets	₹5,487 Cr	₹5,251 Cr	₹6,411 Cr	₹7,549 Cr	₹8,414 Cr	₹10,021 Cr	₹12,037 Cr	₹13,393 Cr	₹14,531 Cr

Cash Flows (₹ Cr)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹631.00 Cr	-₹451.00 Cr	₹253.00 Cr	₹710.00 Cr	₹1,398 Cr	₹1,889 Cr	-₹172.00 Cr	-₹284.00 Cr	-₹1,234 Cr
Cash from Investing (CFI)	-₹1,312 Cr	₹1,074 Cr	-₹97.00 Cr	-₹443.00 Cr	-₹1,007 Cr	-₹35.00 Cr	₹481.00 Cr	₹538.00 Cr	₹327.00 Cr
Cash from Financing (CFF)	₹812.00 Cr	-₹409.00 Cr	-₹309.00 Cr	-₹405.00 Cr	-₹239.00 Cr	-₹276.00 Cr	-₹371.00 Cr	-₹243.00 Cr	₹696.00 Cr
Free Cash Flow (FCF)	₹556.00 Cr	-₹738.00 Cr	-₹242.00 Cr	₹280.00 Cr	₹1,135 Cr	₹1,553 Cr	-₹805.00 Cr	-₹541.00 Cr	-₹1,385 Cr

Efficiency Ratios	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	90	48	31	46	50	52	29	17	31
Inventory Days	98	70	65	139	67	122	216	325	379
Cash Conversion Cycle (Days)	104	34	10	54	79	103	147	257	250
ROCE %	0%	22%	25%	20%	17%	8%	21%	20%	16%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹343.03 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹1,202.00

DCF Fair Value

₹343.03

Graham Number

₹336.45

Margin of Safety

-71.7%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹343.03

Premium / Overvalued (Margin: -71.7%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹334	₹331	₹328	₹325
10%	₹340	₹337	₹334	₹331
12%	₹346	₹343	₹340	₹337
14%	₹352	₹349	₹346	₹343

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹343	Fairly Valued
Benjamin Graham Number	₹336	Market Priced
Historical Sector P/E	₹494	Premium
EV / EBITDA Multiplier	₹1,262	In-Line
Free Cash Flow Yield Model	₹1,178	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 6/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

6 / 9 Pass

Altman Z-Score

4.46 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.27x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 14.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

67.91%

FIIs (Foreign)

2.83%

DIIs (Domestic)

6.96%

Government

0.15%

Public / Retail

22.30%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	72.86%	72.86%	72.86%	72.86%	72.86%	67.91%	67.91%	67.91%	67.91%	67.91%	67.91%	67.91%
+ FIIs (Foreign Portfolio)	5.82%	4.11%	5.23%	4.94%	3.84%	2.91%	2.88%	3.87%	3.22%	2.74%	3.10%	2.83%
+ DIIs (Mutual Funds / Insurance)	2.24%	2.20%	2.45%	2.50%	3.00%	6.63%	6.82%	6.33%	6.48%	6.47%	6.05%	6.96%
+ Public (Retail & HNIs)	19.07%	20.84%	19.47%	19.71%	20.31%	22.54%	22.39%	21.90%	22.38%	22.88%	22.95%	22.30%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Defense & Aerospace.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

COCHINSHIP Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

COCHINSHIP Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

COCHINSHIP Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹1,538.56

Accelerated market share capture in Defense & Aerospace, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹1,346.24

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 57x P/E.

🐻 Bear Case (15%) -12.0%

₹1,057.76

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Defense & Aerospace)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:47 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Cochin Shipyard Ltd (COCHINSHIP)	Target Stock	₹1,202.00	-6.82%	57.3x	11.2%	14.5%	0.27	₹33,858 Cr
Hindustan Aeronautics Ltd (HAL)	Aircraft, Fighter Jets & Helicopters	₹4,949.00	-1.00%	33.0x	24.0%	32.0%	0.00	₹3.08 Lakh Cr
Bharat Electronics Ltd (BEL)	Defense Radars & Weapon Systems	₹399.00	+1.13%	45.7x	27.8%	37.0%	0.00	₹2.80 Lakh Cr
Mazagon Dock Shipbuilders Ltd (MAZDOCK)	Warships & Submarine Construction	₹1,890.00	+0.64%	33.0x	30.4%	41.3%	0.00	₹83,258 Cr
Bharat Dynamics Ltd (BDL)	Guided Missile Systems & Torpedoes	₹1,100.00	-0.87%	76.9x	10.2%	13.9%	0.00	₹40,029 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:47:50 IST	✓ Live Sync
Financial Statements (10Y)	Cochin Shipyard Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Cochin Shipyard Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Cochin Shipyard Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Defense & Aerospace)

Metric Explainer

Stock DNA Methodology

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