On 2nd September 2022 Indian Navy got their first indigenous aircraft carrier INS Vikrant. INS Vikrant was manufactured by Cochin Shipyard Limited. Cochin Shipyard Limited one of the leading ship manufacturing companies in India.
Cochin Shipyard Limited Public Sector Unit company which means it is owned by the Indian government. It is one of the major defence sector company which provide ship manufacturing and ship repairing service to the Indian defence.
In this article we will analyse the fundamentals and previous performance of Cochin Shipyard Limited and forecast cochin shipyard share price target 2024, cochin shipyard share price target 2025, cochin shipyard share price target 2030.
In this article we will try to answer all the questions related to Cochin Shipyard share price target. We will also look at their future plans and current situation of the order book.
Cochin Shipyard Limited
Coaching Shipyard Limited incorporated in the year 1972. Cochin Shipyard Limited is a part of a line of maritime related facilities in the port city of Kochi.
CSL is India’s largest ship manufacturing company and also provides repairing services. This company also manufactures vessels, naval ships And also provides service to the foreign countries.
The company also trained their graduate engineer to Marine engineer whole letter join ship both Indian and foreign as a 5th engineer. This company trained hundreds of graduates every year.
Cochin Shipyard limited has exported around 50 high-end vessels to the United States, Germany, Netherlands, Norway, Denmark, and Middle East countries over the past 20 years.
India’s first Greenfield Shipbuilding Yard is Cochin Shipyard Limited.India’s only shipyard with a ship building capacity upto 1,10,000 DWT and which can repair ships upto 1,25,000 DWT.
Cochin Shipyard Limited IPO Waiting was started from 1 August 2017 and it was end at 3rd August 2017 allotment for Cochin Shipyard Limited IPO Finalized on 8th of August. Cochin Shipyard Limited shares listed on BSE ( Bombay Stock Exchange)and NSE( National Stock Exchange) on 11 August 2017.
Cochin Shipyard Limited Fundamentals
| Market Cap | ₹13,706.51 crore |
| Enterprise Value | ₹9,160.52 Crore |
| No. of share | 13.15 crore |
| P/E | 34.7 |
| P/B | 3.02 |
| Face value | 10 |
| Dividend Yield (Last Year) | 1.6% |
| Book Value | ₹344.60 |
| Debt | ₹125.82 crore |
| EPS | ₹30.03 |
| ROE | 7.62% |
| ROCE | 10.85% |
| ROA | 3.70% |
| Profit growth (1 year) | -42.98% |
| Sales growth | -26.94% |
| Cash | ₹8,009 crore |
| Debt to Equity | 0.03 |
| Promoter’s Holding | 72.86% |
| Operating Profit Margin | 12.00% |
Cochin Shipyard Limited Fundamentals look promising But some Matrices are very concerning. The company has ₹8009 crore as cash.
Companies’ debt to equity ratio is 0.03 which is good but If we look at their profit growth in the past 1 year which is -42.98% and sales growth is also -26.94%. CSL PE ratio is 34.7 Which is higher Because in one year its median PE ratio is 26.36.
Sales growth and profit growth are negative because they did not deliver their order in time so it’s affected their revenue in this year due to covid-19 pendomic They didn’t get their essential equipment which they export from other countries.
But in the upcoming years if you see their order book and order pipeline which is ₹9245 crore. This will definitely provide a massive profit in the upcoming years.
cochin shipyard share price target 2023, 2024,2025, 2026, 2027, 2028, 2029, 2030
| Year | January Target | December Target |
| cochin shipyard share price target 2023 | ₹529.55 | ₹1142.75 |
| cochin shipyard share price target 2024 | ₹1140.98 | ₹1412.40 |
| cochin shipyard share price target 2025 | ₹1412.86 | ₹1684.93 |
| cochin shipyard share price target 2026 | ₹1686.79 | ₹1958.87 |
| cochin shipyard share price target 2027 | ₹1959.02 | ₹2231.19 |
| cochin shipyard share price target 2028 | ₹2232.55 | ₹2565.87 |
| cochin shipyard share price target 2029 | ₹2562.89 | ₹2887.68 |
| cochin shipyard share price target 2030 | ₹2888.12 | ₹3112.79 |
How to buy Cochin Shipyard Limited shares?
For buying Cochin Shipyard Limited (CSL) shares you must have a demat account. You can open a demat account from a trading platform.
There are many trading platforms which offer demat account openings. some of the trading platform are following
- Groww
- Zerodha
- Upstocks
- Motilal Oswal
- Angel one
- ICICI direct
cochin shipyard share price target 2023
On September 25, 2023 Cochin Shipyard Limited traded at a price of ₹529.95. At the start of 2023 Cochin Shipyard Limited was traded at a price of ₹1002.15.
From the starting of 2023 till now Cochin Shipyard limited (CSL) share gave a return of about 189%. August 2023 this company shares are on a rally. On 1st of August CSL shares traded at price of ₹670.20 Till now it gives return of 149%.
Cochin Shipyard Ltd Stock Price Forecast for 2023
| Date | Opening price | Closing price |
| October 2023 | 1048.93 | 1101.15 |
| November 2023 | 1102.60 | 1143.05 |
| December 2023 | 1142.79 | 1138.84 |
Cochin Shipyard Limited 22% of total revenue comes from Ship repairing business. Company also provides ship repairing service to the foreign client.
| Particulars | FY23 | FY22 |
| Ship building | ₹1792.97 Cr | ₹2512.01 Cr |
| Ship repairing | ₹571.58 Cr | ₹678.94 Cr |
| Net Income | ₹2571.57 Cr | ₹3453.76 Cr |
Company 82% business comes from the Indian Navy, Indian Coast Guard. Cochin Shipyard Reputed clientele are following:
- Indian Navy
- Indian Coast guard
- Shipping corporation of India Limited
- National Petroleum Construction Company (Abu Dhabi)
- The Clipper Group(Bahamas)
- Vroon offshore(Netherlands)
- SIGBA AS(Norway)
cochin shipyard share price target 2024
CSL(Cochin Shipyard Limited) share price target 2024 in January is ₹1140.98 And at the end of 2024 CSL share price target is ₹1412.40.
Cochin Shipyard Ltd Stock Price Forecast for 2024
| Month | Opening Price | Closing Price |
|---|---|---|
| January 2024 | 1140.98 | 1143.93 |
| February 2024 | 1144.56 | 1151.70 |
| March 2024 | 1151.64 | 1150.63 |
| April 2024 | 1157.81 | 1189.68 |
| May 2024 | 1189.49 | 1204.54 |
| June 2024 | 1208.52 | 1240.89 |
| July 2024 | 1241.98 | 1276.27 |
| August 2024 | 1278.07 | 1333.31 |
| September 2024 | 1343.61 | 1321.14 |
| October 2024 | 1319.69 | 1376.31 |
| November 2024 | 1377.51 | 1415.51 |
| December 2024 | 1415.99 | 1412.40 |
Cochin Shipyard Limited Major defence and conversion order in pipeline company expecting revenue generation to comments from Naval weapon repair and AMCs for defence vessels.
hydrogen fuel cell vessel pilot project by Cochin Shipyard Limited which is fully indigenised “Home Grown Technology”. Company targets that the project will be completed in September 2023. If this project is completed on time this will boost its revenue.
Cochin Shipyard Limited Also ₹1000 crore order for constructing a number of commissioning service operation vessels from a European client with option to build 4 more such vessels within 1 year.
Company also secured an international order from Norway based company Samskip To design and construct two zero emission feeder containers With an option for two additional vessels.
This project’s total cost is ₹550 crore. Delivery of these vessels is scheduled to begin from Q3 FY25 onwards.
cochin shipyard share price target 2025
CSL(Cochin Shipyard Limited) share price target 2025 in January is ₹2888.12 And at the end of 2025 CSL share price target is ₹1684.93.
Cochin Shipyard Ltd Stock Price Forecast for 2025
| Month | Opening Price | Closing Price |
|---|---|---|
| January 2025 | 1412.80 | 1417.15 |
| February 2025 | 1415.40 | 1424.17 |
| March 2025 | 1425.01 | 1427.76 |
| April 2025 | 1428.86 | 1462.17 |
| May 2025 | 1463.34 | 1476.15 |
| June 2025 | 1480.03 | 1514.74 |
| July 2025 | 1513.15 | 1550.28 |
| August 2025 | 1550.33 | 1601.07 |
| September 2025 | 1612.55 | 1592.91 |
| October 2025 | 1592.35 | 1648.32 |
| November 2025 | 1653.72 | 1688.05 |
| December 2025 | 1688.81 | 1684.92 |
the company has been declared as the L1 by the Indian Navy for MR/Mid Life upgrade of Indian Naval ships.Estimated value of this contract is around ₹300 crores.
Cochin Shipyard Limited Current order book is ₹21,400 crore. 82% of order book comes from Indian defence sector 6% of order book comes from commercial domestic market and 11% of order book comes from commercial export. The company also has a repair order of 700 crore.
| Defence | ₹17,545 crore |
| Commercial Domestic | ₹1276 crore |
| Commercial Export | ₹2386 crore |
Company 12% revenue comes from export. Cochin Shipyard Limited also received an order of ₹1050 crore form European based company Pelagic Wind.
Cochin Shipyard Limited also signed a MoU with Italy based Fincantieri which is one of the world largest Cruise Ship companies and is already doing a naval vessel project with Fincantier.
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cochin shipyard share price target 2030
CSL(Cochin Shipyard Limited) share price target 2030 in January is ₹1412.86 And at the end of 2030 CSL share price target is ₹3112.79
In the upcoming years companies will show a message growth in their revenue because company expand their business. Cochin Shipyard LimitedNew ship repair facility will be Commission by December 2023 it will increase capacity of 1.6x to 160 vessels per year.
This investment will shown in their future revenue growth. Indian Navy also looking for two more indigenous aircraft to be add in Indian Navy. And this project will also given to the Cochin Shipyard Limited.
Cochin Shipyard Limited ShareHolding Pattern
| Holder | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Jun 2023 |
| Promoters + | 75.00% | 75.21% | 72.86% | 72.86% | 72.86% | 72.86% | 72.86% |
| FIIs + | 3.46% | 2.99% | 2.07% | 2.17% | 2.73% | 6.28% | 5.73% |
| DIIs + | 11.11% | 9.77% | 13.07% | 7.36% | 4.29% | 3.78% | 3.21% |
| Public + | 10.43% | 12.03% | 12.00% | 17.60% | 20.12% | 17.07% | 18.19% |
Cochin Shipyard past 10 years Cash flow Statement
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
| Cash from Operating Activity + | 310 | -25 | -584 | 663 | 40 | 212 | 632 | -448 | 253 | 670 | 1,415 | 2,051 |
| Cash from Investing Activity + | 10 | -103 | 15 | 16 | 47 | 65 | -1,328 | 1,044 | -74 | -446 | -1,011 | -226 |
| Cash from Financing Activity + | -86 | -77 | 271 | -235 | -32 | -113 | 812 | -409 | -309 | -405 | -238 | -272 |
| Net Cash Flow | 235 | -205 | -298 | 444 | 55 | 165 | 116 | 186 | -130 | -181 | 166 | 1,553 |
Cochin Shipyard 5 years Profit & Loss Statement
Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)
| PARTICULARS | MAR 2019 | MAR 2020 | MAR 2021 | MAR 2022 | MAR 2023 |
| Net Sales | 2,965.60 | 3,422.49 | 2,818.90 | 3,190 | 2,330.46 |
| Total Expenditure | 2,391.93 | 2,708.28 | 2,091.64 | 2,555.11 | 2,057.32 |
| Operating Profit | 573.67 | 714.21 | 727.25 | 634.89 | 273.14 |
| Other Income | 227.28 | 247.50 | 193.86 | 266.42 | 206.49 |
| Interest | 15.43 | 49.56 | 57.46 | 52.51 | 41.79 |
| Depreciation | 34.16 | 48.73 | 53.07 | 54.41 | 51.15 |
| Exceptional Items | 0 | 0 | 0 | 0 | 61.81 |
| Profit Before Tax | 751.38 | 863.43 | 810.59 | 794.39 | 448.51 |
| Provision for Tax | 270.20 | 225.74 | 200.48 | 207.82 | 114.02 |
| Net Profit | 481.18 | 637.69 | 610.10 | 586.57 | 334.49 |
| Adjusted EPS (Rs.) | 36.58 | 48.48 | 46.38 | 44.59 | 25.43 |
Conclusion
In this article, I have given you all the information about Cochin Shipyard Limited share price target, I have tried to give you the best information about all the financial data of Cochin Shipyard Limited. There are ups and downs in the stock market, due to which all the stock price targets mentioned in this article can go up or down. Therefore, before investing, do your research well.
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