Cochin Shipyard Share Price Target 2024-2030 Fundamentals & Quarterly Results

Cochin Shipyard Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – Established in 1972, Cochin Shipyard Limited(CSL) has remained to be one of the leading players in vessel construction, repair and refurbishment, including periodic upgrades aimed at extending ships’ life span. The esteemed company has built and repaired some of the largest ships in the world made for its reputed customers. It has exported 45 vessels to different clients globally other than the country of its origin. It has expanded its competency starting with ocean trawlers and advancing down to lesser ships including those powered by cutting-edge technology like PSVs, AHTSs

Latest Update – In the first quarter FY 2024-2025, net profit of Cochin Shipyard Ltd surged by 76.62% over the same period of previous year to reach ₹ 174.24 Cr. On a quarterly basis, there is a decrease of -32.69% in net profits made by Cochin Shipyard Ltd in last 3 months.

Cochin Shipyard Overview

CSL, a government-owned shipbuilding company, constructs and improves the most enormous boats in India. It provides various ship repairs and modifies oil exploration vessel following the company, installment for refurbishing, etc. Ships are also removed from service for various reasons because the company also handles them such as Navy Shipyard, UTL Coast Guard Fisheries port trust merchant SCI ONGC.

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Cochin Shipyard Business Profile

Cochin Shipyard is involved in creating ships for different purposes: defence, business, deep sea in addition to fixing them and training professional mariners. The company has produced and dispatched as many as 21 huge ships, 35 naval auxiliary boats, 93 small sized ships plus 31 warships.

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Business Segment

Company operates in two segments-

Ship Building – Air Defence Ships, Bulk Carriers, Passenger Vessels, Manufactures Tankers, Product Carriers, .

Ship Repair – 1982 was the year in which the company extended its services to ship repair, and since then it has upgraded and repaired a wide range of ships, among them those meant for oil exploration.

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Green Vessels

The company is developing vessels that run on green energy, for example, it is currently finalizing its first zero emissions hyrogen fuel cell powered boat that will be ready for use in February 2024 and also building an electric catamaran complete with expected completion date of 24th November.

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Capacity

In Kochi, Kerala, the shipyard constructs vessels and provides repair services for vessels with loads of up to 110,000 tonnes at CSL. Moreover, there are ship repair facilities in Udupi, Mumbai, Kolkata & NICOBAR Island, Andaman & Howrah outside of this.

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The company’s expansion projects, International Ship Repair Facility (ISR) and New Dry Dock have been finished and inaugurated. Displacement capacity of 6000T, ISRF costs Rs. 970 Cr, while New Dry Dock costs Rs. 1799 Cr with capacity up to 70,000T. It occurred on January 24thCompanyId’s`s two expansion projects, International Ship Repair Facility (ISRF) costing Rs. 970 Cr with capacity of 6000T and New Dry Dock costing Rs. 1799 Cr with capacity up to 70,000T displacement has been finished and inaugurated on Jan,24.

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Order Book

The order books of the company is worth 21500 Cr in the Q3 FY24 and 52% of that is meant for green vessels. Below is the break-up of the order book:

Defense- 16064 Cr (78%)
Commercial Domestic- 1260 Cr (6%)
Commercial Export- 2668 Cr (13%)
Subsidiaries- 696 Cr (3%).
It has Ship Repair orders worth Rs 700 Cr.
The order pipeline as of Q3 FY24 stood at 9000 Cr.

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Cochin Shipyard Fundamentals & Quarterly Results

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Cochin Shipyard Quarterly Results

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CAGR Report

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Cochin Shipyard Shareholding Pattern

Cochin Shipyard Share Price Target 2024-2030 Forecast

Cochin Shipyard Share Price Target 2025

Cochin Shipyard Share Price Target 2026

Cochin Shipyard Share Price Target 2027

Cochin Shipyard Share Price Target 2028

Cochin Shipyard Share Price Target 2029

Cochin Shipyard Share Price Target 2030

Official Website – cochinshipyard.com