COCHINSHIP
Cochin Shipyard Limited
NSELast Traded Price
₹1265
33 (2.68%)
Open
₹1233
High
₹1266
Low
₹1220
Prev Close
₹1232
Industry
Ship Building & Allied Services
Market Cap
33279.72 Cr
Filing History
Recent corporate announcements and filings for COCHINSHIP
Routine
Neutral
2026-10-12 09:42
- Cochin Shipyard Limited has made a disclosure under Regulation 30 of SEBI (LODR) Regulations regarding its ESG Rating.
- The filing provides updates on the company's environmental, social, and governance assessment.
Routine
Neutral
2026-10-09 15:21
- Cochin Shipyard clarified regarding a media article about receiving an order to build 40 ships from various countries.
- The company stated that all received orders have already been intimated to the stock exchanges.
- CSL currently has no further firm orders to report beyond what has been disclosed.
Business Update
Positive
2026-10-09 15:16
Order Win: Hooghly-CSL secured an order from Heritage River Journeys Private Limited for two Luxury River Cruise vessels
Order Value: Rs. 100 to 250 Cr (Classified as Notable)
Completion Timeline: June 2029 and June 2030 respectively
Governance
Neutral
2026-10-08 10:39
- Cochin Shipyard Limited has issued a notice of postal ballot to shareholders.
- The notice contains details regarding items to be transacted through postal ballot voting.
Business Update
Positive
2026-09-24 15:39
- Cochin Shipyard Limited has executed the Share Purchase Agreement and Shareholders' And Cooperation Agreement on September 24, 2026, to acquire a 23% equity stake in Conoship International Holding B.V.
- Cost of acquisition is 2.30 Million Euros in cash.
- The acquisition aims to help CSL penetrate European Coastal and Short sea shipping with advanced design solutions and explore upcoming technologies like alternate fuels.
- Completion time period is within 2 months.
Routine
Neutral
2026-09-24 15:34
- Trading window closed for all Designated Persons effective October 01, 2026.
- Closure will continue until 48 hours after the financial results for the quarter ended September 30, 2026 are made public.
Business Update
Positive
2026-09-18 11:09
- Q1 FY27 Consolidated Turnover ₹1,094.21 Cr vs ₹1,068.59 Cr YoY. PBT ₹202.49 Cr vs ₹249.54 Cr YoY. PAT ₹151.45 Cr vs ₹187.82 Cr YoY. EBITDA margin ~24%. - Unexecuted order book at ₹22,000 Cr, with an additional ₹5,000 Cr from L1 status for next-gen survey vessels, potentially reaching ₹27,000 Cr. - Guidance for annual revenue growth of 12-15% and a blended EBITDA margin of 14-15% going forward. - Formed a 50:50 Joint Venture with Drydocks World, Dubai, for the International Ship Repair Facility (ISRF), involving ₹1,800 Cr consideration, targeting ₹1,000-1,200 Cr turnover in 5 years. - Expanding with new ship repair facilities at Vadinar (expected turnover ₹300-600 Cr after 3 years) and Tuticorin (targeting ₹1,800-2,000 Cr turnover in 7-8 years). - Green Maritime Propulsion JV with HBL (CSL 40% stake) targets ₹640 Cr revenue by 2031 with ~20% EBITDA margin for marinized battery systems. - Targeting delivery of 10 vessels in FY27 and expects positive operating cash flow in FY27. - Planned capex of ₹6,000-6,500 Cr over 5 years, aiming for 14-15% ROC, supported by government subsidies.
Business Update
Positive
2026-09-11 21:38
- Cochin Shipyard Limited executed a Joint Venture Agreement with Drydocks World Dubai – FZCO (DDW), a DP World Company, on September 11, 2026.
- The agreement was signed at the BRICS Summit 2026 in New Delhi in the presence of Union Minister Shri Sarbananda Sonowal.
Business Update
Neutral
2026-09-10 16:58
- Audio recording of the Investor/Analyst Conference Call held on September 10, 2026, at 02:00 PM to discuss performance and business updates is now available on the company's website.
- The transcript of the conference call will be submitted in due course.
Business Update
Positive
2026-09-10 10:37
- Investor Presentation for concall on Sep 10, 2026.
- Highlights ~₹5,000Cr turnover and 417% share value appreciation since 2017 IPO.
- New Large Drydock (₹1800Cr) and Ship Repair Facility (₹970Cr) inaugurated January 2024.
Governance
Negative
2026-09-09 12:01
CRITICAL RED FLAG DETECTED
- Stock Exchanges fined Cochin Shipyard ₹9.66 lakhs each for non-compliance with SEBI LODR Regulations regarding independent director composition and committee constitution for the quarter ended June 30, 2026.
- Dr. Vani Ahluwalia was appointed as an Independent Director, leading to the reconstitution of the Audit and Nomination & Remuneration Committees.
- The company is seeking a waiver for the fines and continues efforts to appoint the remaining independent directors.
Business Update
Positive
2026-09-09 11:34
- Board approved forming a 50:50 Joint Venture with Drydocks World Dubai FZCO (DDW) to own and operate the International Ship Repair Facility (ISRF) in Kochi.
- ISRF will be transferred to the JVCo. for not less than ₹1,800 Cr consideration; CSL receives 50% cash, 50% JVCo. shares.
- The JV aims to leverage complementary strengths, augment ship repair capacity, and adopt global best practices.
Business Update
Neutral
2026-09-07 17:05
- Concall Schedule
- Concall Date: September 10, 2026
- Concall Time: 02:00 P.M.
Financials
Positive
2026-09-04 11:27
- The company has fixed September 18, 2026, as the Record Date for determining entitlement to the Final Dividend for FY 2025-26.
- A final dividend of Rs. 1.50 (30%) per equity share (face value Rs. 5) is proposed.
- Subject to approval at the 54th AGM on September 29, 2026, the dividend will be disbursed by October 28, 2026.
Governance
Negative
2026-08-27 13:03
CRITICAL RED FLAG DETECTED
- Cochin Shipyard Limited received notices from BSE and NSE imposing a fine of ₹9,66,420 each (including GST) for non-compliance with SEBI LODR Regulations.
- The non-compliance pertained to the absence of sufficient Independent Directors and issues with the constitution of the audit and nomination & remuneration committees during the quarter ended June 30, 2026.
- The company has appointed Dr. Vani Ahluwalia as a Non-official (Independent) Director to rectify the board and committee composition.
- The company plans to file requests for waiver of the imposed fines.
Governance
Neutral
2026-08-17 17:26
- Cochin Shipyard Limited appointed Dr. Vani Ahluwalia as a Non-official (Independent) Director on its Board for a period of three years from August 17, 2026. This appointment was made by the Ministry of Ports, Shipping and Waterways, Government of India.
Governance
Negative
2026-08-14 18:11
CRITICAL RED FLAG DETECTED
- Stock Exchanges (BSE and NSE) imposed a fine of ₹9,55,800 each (including GST) on Cochin Shipyard Limited.
- The fine is for non-compliance with SEBI LODR Regulations 17(1), 18, and 19 regarding the composition of the Board of Directors (absence of sufficient independent directors) and the constitution of the Audit Committee and Nomination and Remuneration Committee.
- The Board noted that the power to appoint Directors vests with the Government of India and efforts are being made to meet compliance requirements. One independent director has been appointed, and five more are awaited.
Financials
Negative
2026-08-14 17:56
CRITICAL RED FLAG DETECTED
- Q1 FY27 Consolidated Revenue ₹1094.21 Cr vs ₹1068.59 Cr (▲2.40% YoY)
- EBITDA ₹193.18 Cr vs ₹241.36 Cr (▼19.96% YoY)
- PAT ₹151.45 Cr vs ₹187.83 Cr (▼19.37% YoY)
- EBITDA Margin 17.65% vs 22.59% (▼494bps)
- The company reported an inability to constitute an Audit Committee due to the absence of the requisite number of independent directors, which is non-compliant with SEBI LODR Regulations.
- Significant delays and uncertainties persist regarding the construction of two passenger vessels for the Andaman & Nicobar Administration, with expired delivery dates and ongoing reallocation discussions requiring technical modifications and cost re-evaluation.
- Other issues include discrepancies in lease accounting and delayed lease rent payments for Hooghly Cochin Shipyard Limited, and delays in the Caisson Gate project leading to increased costs.
Governance
Neutral
2026-08-11 17:17
- Shri Subramanian K K has been promoted to General Manager (Employee Relations) (E7 Level).
- He has been appointed as Senior Management Personnel of Cochin Shipyard Limited effective August 11, 2026.
Governance
Neutral
2026-07-29 16:27
- Ministry of Ports, Shipping and Waterways approved the extension of additional charge of Chairman & Managing Director to Shri Jose V J, Director (Finance).
- The extension is for 7 months, effective August 1, 2026, or until a regular incumbent is appointed, whichever is earlier.
Governance
Neutral
2026-07-17 17:13
- The Ministry of Ports, Shipping and Waterways appointed Shri Mukesh Mangal ITS and Smt. Anupama T. V. IAS as Part-time Official (Nominee) Directors, effective July 17, 2026.
- Shri Venkatesapathy S IAS and Shri P.B Nooh IAS ceased to be Directors on the same date.
Ownership
Neutral
2026-07-07 17:25
- Promoter (President of India, through Ministry of Ports, Shipping and Waterways) announced an Offer for Sale (OFS) of Cochin Shipyard Limited shares (face value ₹5).
- Base Offer Size: 66,29,636 Equity Shares (2.52% of paid-up capital). The oversubscription option for an additional 66,29,636 shares (2.52%) has been exercised.
- Total Offer Size: Up to 1,32,59,272 Equity Shares (5.04% of paid-up capital).
- Non-Retail Investors bid on July 7, 2026, and Retail Investors/Employees bid on July 8, 2026.
- 10% of the total offer (1,325,928 shares) is reserved for the Retail category, and 26,308 shares (0.20% of Offer Shares) for eligible employees.
Ownership
Neutral
2026-07-06 21:58
- Promoter (President of India) to sell up to 66,29,636 equity shares (2.52%) of Cochin Shipyard Ltd. via Offer for Sale.
- Oversubscription option for additional 2.52% shares.
- OFS dates: July 7-8, 2026.
- Floor Price: ₹1400.00 per share.
Routine
Neutral
2026-06-25 14:08
- The trading window for dealing in the Company's securities will be closed for all Designated Persons from July 01, 2026.
- It will remain closed till 48 hours after the financial results for the quarter ended June 30, 2026, are made public.
Business Update
Positive
2026-06-11 17:32
- Cochin Shipyard Limited (CSL) announced the incorporation of its Joint Venture Company (JVC), "Green Maritime Propulsion Private Limited", on June 11, 2026.
- The JVC is formed with HBL Engineering Limited (HBL) to develop electric mobility technology and energy storage solutions in the maritime space.
- CSL has subscribed to 36 lakh equity shares for ₹3.60 crore, representing 40% of the JVC's equity share capital.
- The collaboration aims to leverage complementary strengths for indigenous capabilities and products for the maritime sector.
Governance
Neutral
2026-06-01 17:17
Cochin Shipyard Limited announced the extension of the additional charge of the post of Chairman & Managing Director to Shri Jose V J, Director (Finance). This extension is for a further period of 3 months, effective May 01, 2026, or until a regular incumbent joins the post, or until further orders, whichever is earliest.
Governance
Negative
2026-05-28 14:38
CRITICAL RED FLAG DETECTED
Cochin Shipyard Limited has been fined Rs. 9,55,800 each by BSE and NSE for non-compliance with SEBI LODR Regulations 17(1), 18, and 19. The non-compliance relates to the composition of its Board (absence of sufficient independent directors) and the constitution of the audit and nomination & remuneration committees for the quarter ended March 31, 2026. The company attributes the delay to the Government of India's director appointment process and plans to request waivers for the fines.
Financials
Negative
2026-05-15 19:40
CRITICAL RED FLAG DETECTED
Cochin Shipyard Limited reported consolidated Q4 FY26 Revenue of ₹1,484.28 Cr vs ₹1,757.65 Cr (▼15.55% YoY), EBITDA of ₹309.76 Cr vs ₹265.78 Cr (▲16.55% YoY), and PAT of ₹276.48 Cr vs ₹287.19 Cr (▼3.73% YoY). EBITDA Margin expanded from 15.12% to 20.87% (▲575bps). For the full year FY26, revenue increased 4.19% YoY to ₹5,021.87 Cr, but PAT declined 13.36% YoY to ₹716.74 Cr. A final dividend of Rs. 1.50 per share was recommended. The company highlighted a governance issue regarding the non-compliance of Board composition due to a lack of requisite independent directors. Additionally, there are significant delays and uncertainties in two passenger vessel shipbuilding contracts, with construction activities suspended and financial impact yet to be determined.
Financials
Negative
2026-05-15 19:29
CRITICAL RED FLAG DETECTED
Consolidated Revenue ₹1484.28 Cr vs ₹1757.65 Cr (▼15.55% YoY), EBITDA ₹309.76 Cr vs ₹265.78 Cr (▲16.55% YoY), PAT ₹276.48 Cr vs ₹287.19 Cr (▼3.73% YoY). EBITDA Margin 20.87% vs 15.12% (▲575bps). The Board recommended a final dividend of Rs. 1.5 per equity share. The company noted issues with two shipbuilding contracts with the A&N Administration, where delivery dates expired, and discussions are ongoing for reallocation/modification of vessels.
Financials
Negative
2026-05-15 19:25
CRITICAL RED FLAG DETECTED
Consolidated Revenue ₹1641.33 Cr vs ₹1914.79 Cr (▼14.3% YoY), EBITDA ₹466.82 Cr vs ₹422.92 Cr (▲10.4% YoY), PAT ₹276.48 Cr vs ₹287.19 Cr (▼3.7% YoY). EBITDA Margin 28.4% vs 22.1% (▲635bps). The Board recommended a final dividend of ₹1.5 per equity share.