In this article, we will explore the future share price targets of Cochin Shipyard for the years 2025, 2026, 2028, 2030, 2040, and 2050. Additionally, we will discuss Cochin Shipyard’s fundamentals, market sentiment, financial performance, and quarterly reports to assist investors in making informed decisions.
About Cochin Shipyard
Cochin Shipyard Limited (CSL), founded in 1972, is one of India’s top government-owned companies in shipbuilding and repair. It can build ships up to 1,10,000 DWT and repair vessels up to 1,25,000 DWT, including the country’s largest double-hull Aframax tankers (95,000 DWT). CSL has gained global recognition, handling orders from top clients in Europe and the Middle East. It is also responsible for building India’s first indigenous Air Defence Ship.
Ship repair operations began in 1982, focusing on oil exploration upgrades, regular maintenance, and extending the life of naval, coast guard, and merchant ships. The yard handles complex repairs and trains 100 graduate engineers every year. These engineers often start their careers as 5th Engineers on Indian and foreign vessels.
Cochin Shipyard Fundamentals
| Description | Value |
|---|---|
| Company Name | Cochin Shipyard Ltd. |
| Sector | Ship Building |
| Established | 1972 |
| Website | cochinshipyard.in |
| Listing At | BSE, NSE |
| BSE Code | 540678 |
| NSE Code | COCHINSHIP |
| Mkt Cap | ₹44363Cr |
| Reserves and Surplus | ₹4894.33Cr |
| ROE | 16.42% |
| ROCE | 21.6% |
| 52 Week High | ₹2979.45 |
| 52 Week Low | ₹586.60 |
| P/E Ratio (TTM) | 51.41 |
| Industry P/E | 46.28 |
| P/B Ratio | 8.41 |
| Face Value | 5 |
| Book Value Per Share | ₹200.53 |
| EPS (TTM) | ₹32.93 |
| Dividend Yield | 0.30% |
| Debt to Equity | 0.10 |
| Total Revenue | ₹4141Cr |
| Revenue Growth | 61% |
| Net Profit (Anual) | ₹783.28Cr |
| Profit Growth | 157.06% |
Returns in Past Year
| Year | Returns (%) |
|---|---|
| 2023 | 153.43% |
| 2022 | 49.95% |
| 2021 | -4.36% |
| 2020 | -7.52% |
| 2019 | 7.70% |
| 2018 | -32.25% |
Cochin Shipyard Share Price Target 2025
Current market sentiment around Cochin Shipyard is highly bullish. The expected share price target for 2025 is estimated to be between ₹1140 to ₹2100.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2025 | ₹1140 | ₹2100 |
Cochin Shipyard Share Price Target 2026
According to market analysts, Cochin Shipyard’s share price in 2026 is projected to range between ₹1700 to ₹2500.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2026 | ₹1700 | ₹2500 |
Cochin Shipyard Share Price Target 2028
By 2028, the share price target for Cochin Shipyard is anticipated to be between ₹2500 to ₹3400, considering the company’s steady growth and expansion in defense contracts.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2028 | ₹2500 | ₹3400 |
Cochin Shipyard Share Price Target 2030
Based on the company’s historical performance and ongoing projects, Cochin Shipyard’s share price in 2030 is expected to be between ₹3100 to ₹4200.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2030 | ₹3100 | ₹4200 |
Cochin Shipyard Share Price Target 2040
Following the long-term trend, Cochin Shipyard’s share price in 2040 is likely to fall between ₹5700 to ₹6800.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2040 | ₹5700 | ₹6800 |
Cochin Shipyard Share Price Target 2050
Considering the consistent growth trajectory and the company’s prominent role in defense manufacturing, Cochin Shipyard’s share price target for 2050 is expected to range from ₹9200 to ₹10400.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2050 | ₹9200 | ₹10400 |
Cochin Shipyard Share Price Target: Export Opinion
Latest News
- CSL has signed a ₹1,000 crore contract with the Ministry of Defence for refitting naval vessels. This deal caused a 5% rise in its stock value, which has already recovered 30% from its recent low.
- Kotak Institutional Equities has flagged concerns over overvalued stocks like Cochin Shipyard, BHEL, and NTPC. They suggest these stocks may not offer much upside compared to their fundamentals.
- Defence companies, including CSL, gained up to 6.5% after the Ministry of Defence approved ₹21,772 crore for new naval and coastal defence projects.
- CSL signed a deal with Seatrium Letourneau USA for jack-up rig designs and equipment. This partnership aims to tap into India’s market for Mobile Offshore Drilling Units (MODUs), leading to a 3% stock increa
Strengths
- Revenue Growth: In FY24, revenue grew by 61%, reaching ₹4,141 crore.
- Profitability: Profit rose by 157.06% to ₹783.28 crore.
- Quarterly Growth: Revenue in the September quarter hit ₹1,197 crore, 14.87% higher than the same period last year.
- Consistent Margins: The net profit margin stayed above 17%, peaking at 25.48% in June 2024.
- Financial Stability: A low debt-to-equity ratio of 0.10 reflects a strong balance sheet.
- High Dividends: CSL consistently pays attractive dividends to shareholders.
- Improved Cash Flow: Operating cash flow grew from ₹252.66 crore in FY20 to ₹1,889 crore in FY23.
Risks
- aluation Concerns: With a P/E ratio of 51.41 and a P/B ratio of 8.41, CSL appears overvalued compared to industry averages.
- Government Reliance: Heavy dependence on government contracts makes demand cyclical.
- Capital Intensity: The shipbuilding industry requires high investment, which can be a challenge during economic slowdowns.
- Profit Margin Fluctuations: A drop in operating profit margin shows possible instability in cost management.
Cochin Shipyard Share Price History
Cochin Shipyard Quarterly Report
| Description | Sep 24 | Jun 24 | Mar 24 | Dec 23 |
| Revenue + | ₹1197Cr. | ₹789.98Cr. | ₹1305Cr. | ₹1078Cr. |
| Expenses + | ₹930.90Cr | ₹547.84Cr. | ₹959.40Cr. | ₹732.85Cr. |
| EBITDA | ₹296.33Cr | ₹262.51Cr. | ₹365.57Cr. | ₹367.73Cr. |
| EBIT | ₹275.40Cr | ₹248.44Cr. | ₹351.74Cr. | ₹352.55Cr. |
| Net Profit | ₹193.07Cr | ₹180.85Cr. | ₹264.67Cr. | ₹248.02Cr. |
| Operating Profit Margin | 27.01% | 36.98% | 29.83% | 36% |
| Net Profit Margin | 17.60% | 25.48% | 21.60% | 24.28% |
| Earning Per Share | ₹7.34 | ₹6.87 | ₹10.60 | ₹18.86 |
| Dividends Per Share | 4 | 0.00 | 0.00 | 15 |
Cochin Shipyard Income Report
| Description | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|
| Total Revenue | ₹4141Cr | ₹2572Cr | ₹3454Cr | ₹3010Cr |
| Total Expenses | ₹3070Cr | ₹2215Cr | ₹2685Cr | ₹2214Cr |
| Profit/Loss | ₹783.28Cr | ₹304.71Cr | ₹563.96Cr | ₹608.66Cr |
| Net Profit Margin | 20.45% | 11.06% | 17.67% | 21.59% |
| Earning Per Share | ₹29.77 | ₹11.58 | ₹42.87 | ₹46.27 |
| EBITDA | ₹1179 | ₹522.30 | ₹881.08 | ₹919.22 |
| EBIT | ₹1104 | ₹453.46 | ₹813.06 | ₹859.39 |
| Operating Profit Margin | 31.11% | 19.82% | 27.80% | 32.86% |
| Dividends Per share | 10.25 | 10.00 | 16.75 | 15.50 |
Cochin Shipyard Cash Flow
| Particulars | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Opening Cash Balance | ₹503.50Cr. | ₹351.21Cr. | ₹866.82Cr. | ₹1021Cr. |
| Cash Flow From Operating Activities | ₹1889Cr | ₹1398Cr. | ₹710.19Cr. | ₹252.66Cr. |
| Cash Flow From Investing Activities | ₹-35.32Cr | ₹-1007Cr. | ₹-443.10Cr. | ₹-97.41Cr. |
| Cash Flow From Financing Activities | ₹-276.08Cr | ₹-238.92Cr. | ₹-405.21Cr. | ₹-309.10Cr. |
| Closing Cash Balance | ₹2081Cr | ₹503.50Cr. | ₹728.70Cr. | ₹866.82Cr. |
| Net Change In Cash | ₹1578 | ₹152.29 | ₹-138.12 | ₹-153.85 |
Cochin Shipyard Share Price Target 2025, 2026, 2028, 2030, 2040 to 2050
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2025 | ₹1140 | ₹2100 |
| 2026 | ₹1700 | ₹2500 |
| 2028 | ₹2500 | ₹3400 |
| 2030 | ₹3100 | ₹4200 |
| 2040 | ₹5700 | ₹6800 |
| 2050 | ₹9200 | ₹10400 |
Cochin Shipyard Shareholding Pattern
| Shareholder | Share % |
|---|---|
| Promoter | 72.86% |
| Other Domestic Institutions | 0.38% |
| Retail and Others | 20.29% |
| Foreign Institutions | 3.84% |
| Mutual Funds | 2.63% |
| Total | 100.00% |
How to Buy Cochin Shipyard Shares?
Buying and selling of Cochin Shipyard can be done by a stock broker registered with SEBI. Here are the names of some popular brokers.
- Zerodha
- groww
- Angel One
- upstox
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Conclusion
Cochin Shipyard is a financially strong company with impressive growth, solid cash flows, and low debt. However, its high valuations, dependence on government projects, and capital-intensive nature pose risks. Investors should carefully weigh these factors. For those with a long-term perspective, CSL could be a worthwhile addition to their portfolio.
Disclaimer: The information provided here is for general informational purposes only and should not be considered as financial advice. Before making any investment, it is advisable to consult with a certified financial advisor. The author is not responsible for any investment decisions made based on this article.
FAQs
Q1. What is the Cochin Shipyard share price target for 2025?
Ans: The expected share price target for Cochin Shipyard in 2025 is between ₹1140 to ₹2100.
Q2. What is the Cochin Shipyard share price target for 2030?
Ans: Cochin Shipyard’s share price target for 2030 is projected to be between ₹3100 to ₹4200.
Q3. What is the Cochin Shipyard share price target for 2040?
Ans: The share price target for Cochin Shipyard in 2040 is expected to be between ₹5700 to ₹6800.
Q4. What is the ITI share price target for 2050?
Ans: ITI’s share price target for 2050 is likely to range between ₹9200 to ₹10400.