Cochin Shipyard Limited
Incorporated in 1972, CSL operates a shipyard designed and constructed under technical collaboration with Mitsubishi Heavy Industries, Japan. The yard commenced shipbuilding operations in 1978 and ship repair in 1981. CSL has a shipbuilding dry-dock,...
Key Metrics
EPS
29.77
Current ratio
1.33
Debt/Equity
1.41
Debt/EBITDA
5.90
Interest coverage ratio
-
Operating Cashflow to total debt
-0.03
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Majority ownership by GoI and strategic importance
Well-proven operational capabilities and reputed clientele
Strong order book position
Improvement in financial performance in FY24 and Q1FY25
Robust financial and liquidity position
Favourable industry outlook
Liquidity: Strong
Cons
Substantial decline in the GoI’s stake.
Significant decline in the order book position and the PBILDT margin of the company on a continued basis.
Any significant changes in the policies of the GoI, resulting in an increased competition in the shipbuilding industry, leading to a decrease in the strategic importance of CSL.
Foreign exchange risk
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About Cochin Shipyard Limited bond.
This comprehensive profile covers key factual information about Cochin Shipyard Limited. Incorporated in 1972, CSL operates a shipyard designed and constructed under technical collaboration with Mitsubishi Heavy Industries, Japan. The yard commenced shipbuilding operations in 1978 and ship repair in 1981. CSL has a shipbuilding dry-dock, which is capable of handling ships up to 110,000 DWT and a ship repair dry-dock, which can handle ships up to 125,000 DWT. CSL is a GoI-owned Miniratna CPSE under the administrative control of the Ministry of Ports, Shipping, and Waterways. EPS in Mar-2024 was 29.77. Current ratio in Mar-2024 was 1.33. Debt/Equity in Mar-2024 was 1.41. Debt/EBITDA in Mar-2024 was 5.90. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was -0.03. Total revenue for Mar-2025(E) was ₹5643.76. Net income for Mar-2025(E) stood at ₹2670.42. Total assets as of Mar-2024 were ₹12,037.04. Operating cash flow for Mar-2024 was ₹-171.59. The company’s borrowing relationships include Bank of Baroda (₹N/A Cr), Union Bank of India (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), Federal Bank (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr). Peers and comparison entities consist of Cochin Shipyard Limited, Mazagon Dock Shipbuilders Limited, Garden Reach Shipbuilders & Engineers Limited, JITF Infralogistics Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Majority ownership by GoI and strategic importance ; Well-proven operational capabilities and reputed clientele; Strong order book position; Improvement in financial performance in FY24 and Q1FY25; Robust financial and liquidity position; Favourable industry outlook; Liquidity: Strong. Key risks include: Substantial decline in the GoI’s stake.; Significant decline in the order book position and the PBILDT margin of the company on a continued basis.; Any significant changes in the policies of the GoI, resulting in an increased competition in the shipbuilding industry, leading to a decrease in the strategic importance of CSL.; Foreign exchange risk. Leadership team details include A K Subash (General Manager), A Sivakumar (General Manager), Abhijit Biswas (Non Official Independent Director), Amrapali Prashant Salve (Non Official Independent Director), Ashok Sharma (Non Official Independent Director), Bejoy Bhasker (Director - Technical), Biju Prabhakar (Part Time Official (Nominee) Director), C Pandi Selva Durai (Chief Vigilance Officer), Deepu Surendran (Chief General Manager), Eldho John (Chief General Manager), Jayan K Thampi (General Manager), K Harikumar (General Manager), K R Anjana (Chief General Manager), K R Sunil Kumar (General Manager), M Venkatesan (Non Official Independent Director), Madhu S Nair (Chairman & Managing Director), N Syamkamal (Company Secretary & Compliance Officer), Nahar Singh Maheshwari (Non Official Independent Director), Rajesh Kumar Sinha (Part Time Official (Nominee) Director), Santhosh Philip (General Manager), Shibu John (General Manager), Sivaram Narayana Swamy (General Manager), Sreejith Katayamkot Narayanan (Director - Operations), V J Jose (Director - Finance & CFO), V P Shiraz (Chief General Manager), Nifty 50 Stocks (). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.