Cochin Shipyard (COCHINSHIP) Investor presentation summary

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.