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India's largest public sector shipyard, building and repairing commercial vessels and naval ships including an aircraft carrier.
India's largest public sector shipyard, building and repairing commercial vessels and naval ships including an aircraft carrier.
Earns from long shipbuilding contracts paid in stages as a hull progresses, so revenue is recognised over years and follows order timing; ship repair is a steadier line between builds. The Indian government owns most of the company, and it built INS Vikrant, India's first home-built aircraft carrier.
In one line: India's state-owned shipbuilder, like a smaller HII.
Moat: narrow (regulatory licence, scale, installed base). Largest dry dock capacity in India and a strategic defense-shipbuilding role limit competition.
Headquarters: Kochi, India · Founded: 1972 · Employees: 4,013
Size Cochin Shipyard (COCHINSHIP.NS) is an India Industrials company (Trucks/Construction/Farm Machinery) with a market value of $3.40B, the 263rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,220 on 6 Nov 2026.
Performance Over six months the shares fell 32.8%, against -12.8% for the median peer and 0.0% for the India market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 1.4% over the last twelve months (peer median +11.1%); the operating margin is 12.6% (peer median 6.9%).
Valuation It trades at 34.3× forward earnings against a peer median of 13.0× (3rd most expensive of 20).
Capital Return on invested capital runs 11.9 points below its cost of capital (20.0% WACC).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹50.5B | ₹50.2B | ₹48.2B | ₹38.3B | ₹23.6B |
| Revenue growth | — | +4% | +26% | +62% | — |
| Gross profit | ₹10.6B | ₹10.1B | ₹11.7B | ₹9.91B | ₹3.24B |
| EBITDA | ₹7.63B | ₹11.2B | ₹10.6B | ₹9.29B | ₹3.52B |
| Net income | ₹6.80B | ₹7.17B | ₹8.27B | ₹7.83B | ₹3.05B |
| Free cash flow | n/a | -₹13.3B | -₹5.12B | -₹6.37B | ₹16.3B |
| Capital expenditure | n/a | ₹2.46B | ₹4.52B | ₹6.34B | ₹3.39B |
| Total debt | n/a | ₹16.7B | ₹5.60B | ₹5.02B | ₹5.87B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cochin Shipyard COCHINSHIP.NS | $3.40B | -33% | -1% | 13% | 34.3× | n/a |
| Garden Reach Shipbuilders & Engineers GRSE.NS | $2.60B | -31% | +40% | 10% | 26.5× | n/a |
| Mazagon Dock Shipbuilders MAZDOCK.NS | $7.87B | -31% | +8% | 15% | 30.5× | n/a |
| Larsen & Toubro LT.NS | $59.8B | +2% | +11% | 8% | 27.6× | 29.7% |
| Fincantieri FCT.MI | $4.98B | +3% | -1% | 0% | 21.5× | 1.2% |
| Hdksoe 009540.KS | $12.5B | -48% | +23% | 23% | 4.4× | n/a |
| Hanwha Ocean 042660.KS | $10.7B | -64% | +18% | 13% | 8.7× | -12.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | COCHINSHIP.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.8% | +1.2% | 8th lowest of 21 |
| 6-month return | -32.8% | -12.8% | 4th lowest of 21 |
| Distance from 52-week high | -33.8% | -27.7% | 9th lowest of 21 |
| Revenue growth (TTM) | -1.4% | +11.1% | 4th lowest of 21 |
| Operating margin | 12.6% | 6.9% | 3rd highest of 21 |
| Forward P/E | 34.3× | 13.0× | 3rd most expensive of 20 |
| ROIC minus cost of capital | -11.9 pp | +0.9 pp | lowest of 20 |
| EV / EBITDA | 42.0× | 8.9× | most expensive of 11 |
| Net debt / EBITDA | -1.0× | 1.1× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cochin Shipyard COCHINSHIP.NS | India | $3.40B | -33% | -1% | 13% | 34.3× | n/a | n/a |
| Tiandi Science & Technology 600582.SS | China | $3.30B | -6% | -6% | 4% | 10.4× | n/a | n/a |
| China Railway Construction Heavy Industry 688425.SS | China | $3.29B | -13% | -1% | 12% | 12.4× | 1.9% | +5.7% |
| Hiab HIAB.HE | Finland | $3.52B | -5% | +6% | 12% | 16.9× | 15.5% | -13.7% |
| Doosan Bobcat 241560.KS | South Korea | $3.64B | -28% | +11% | 9% | 9.0× | -13.3% | +15.5% |
| CITIC Heavy Industries 601608.SS | China | $3.15B | -24% | +5% | 4% | 45.9× | 14.5% | +5.1% |
| Modec 6269.T | Japan | $3.03B | -46% | +17% | 9% | 7.7× | -21.3% | +18.6% |
| Stadler Rail SRAIL.SW | Switzerland | $3.84B | +38% | +26% | 5% | 19.8× | 0.2% | +3.6% |
| Bucher Industries BUCN.SW | Switzerland | $3.93B | +4% | -4% | 7% | 19.1× | -2.9% | +1.2% |
| Construcciones y Auxiliar de Ferrocarriles CAF.MC | Spain | $2.92B | +21% | +12% | 6% | 13.5× | 1.0% | +10.2% |
| Craftsman Automation CRAFTSMAN.NS | India | $2.90B | +21% | +36% | 10% | 44.5× | n/a | n/a |
| CSSC Offshore & Marine Engineering (Group) 0317.HK | Hong Kong | $4.04B | -22% | +10% | 1% | 9.6× | 1.5% | +11.3% |
| Sany Heavy Equipment International 0631.HK | Hong Kong | $2.82B | -46% | +19% | 6% | 8.9× | 1.4% | +26.1% |
| Hd Ce 267270.KS | South Korea | $2.80B | -56% | +115% | 8% | 8.6× | -9.6% | +9.6% |
| Garden Reach Shipbuilders & Engineers GRSE.NS | India | $2.60B | -31% | +40% | 10% | 26.5× | n/a | n/a |
| Guangxi Liugong Machinery 000528.SZ | China | $2.58B | -13% | +10% | 6% | 10.5× | -3.5% | +5.0% |
| Zhejiang Dingli Machinery 603338.SS | China | $4.57B | +9% | +29% | 22% | 14.8× | 1.6% | +23.7% |
| Seatrium 5E2.SI | Singapore | $4.77B | -19% | +11% | 4% | 13.0× | 4.0% | +50.0% |
| Cadeler A/S CADLR.OL | Norway | $2.41B | -14% | +53% | 36% | 9.4× | n/a | n/a |
| China Railway Hi-tech Industry 600528.SS | China | $2.37B | -9% | -8% | 5% | n/a | -4.0% | +2.6% |
| Fincantieri FCT.MI | Italy | $4.98B | +3% | -1% | 0% | 21.5× | 1.2% | +9.1% |