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Cochin Shipyard (COCHINSHIP) investor relations material
Cochin Shipyard Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business overview
Medium-sized global player with turnover of about USD 600 million (Rs. 5,000 crores), operating in both naval and commercial shipbuilding and repair, with strategic expansion across India.
Operates 7 units, including main yard in Kochi and subsidiaries in Mumbai, Udupi, Hooghly, and Kolkata.
Listed on BSE and NSE, with government holding 63.33% and public 36.67%; market cap grew from Rs. 6,000 Cr. at IPO (2017) to ~Rs. 40,500 Cr.
Board comprises experienced professionals and independent directors, with expertise in naval architecture and engineering.
Infrastructure and investments
Invested Rs. 345 Cr. in two wholly owned subsidiaries: Hooghly (West Bengal) and Udupi (Karnataka), with new shipyard facilities and significant order books.
Three ship repair units on lease in Mumbai, Andaman & Nicobar, and Kolkata, with combined FY26 turnover target of Rs. 537 Cr.
Major investments in Kochi: Rs. 1,800 Cr. for a new large drydock and Rs. 970 Cr. for an international ship repair facility, both inaugurated in Jan 2024.
Operations and portfolio
Shipbuilding portfolio includes indigenous aircraft carrier INS Vikrant, patrol vessels, border outpost vessels, and technology demonstration vessels.
Commercial and offshore portfolio covers passenger vessels, hydrogen fuel cell container ships, bulk carriers, oil tankers, dredgers, and zero-emission ferries.
Defence portfolio features aircraft carriers, anti-submarine warfare corvettes, missile vessels, and patrol boats.
Current projects focus on hydrogen-powered vessels, electric/fuel cell boats, and advanced naval ships.
- Profit fell in a weak shipbuilding market as the carrier project advanced and repair income edged up.COCHINSHIP
Q4 11/12 - Ship repair surged as costs pressured PAT; a ~₹20,000 crore order book anchors growth.COCHINSHIP
Q4 21/22 - FY15 profits grew as shipbuilding advanced, despite dock-constrained repair revenue.COCHINSHIP
Q4 14/15 - Profit rose to ₹227.53 crore as shipbuilding grew and a 35-vessel order book supported execution.COCHINSHIP
Q4 10/11 - FY23 earnings fell, while defence orders and green-shipping growth support recovery prospects.COCHINSHIP
Q4 22/23 - Ship repair surged as shipbuilding endured a prolonged downturn and expansion advanced.COCHINSHIP
Q4 12/13 - Shipbuilding growth offset repair weakness; IAC contract uncertainty persisted.COCHINSHIP
Q4 13/14 - Record ship-repair revenue helped lift FY16 profit amid a global industry slump.COCHINSHIP
Q4 15/16 - Record ship-repair income lifted FY17 results as capacity expansion and IPO plans advanced.COCHINSHIP
Q4 16/17 - Record FY19 results and wider repair capacity, balanced by cost and contract risks.COCHINSHIP
Q4 18/19
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