Cochin Shipyard Ltd (CSL) has delivered multibagger returns of 560% in two years, far outperforming the BSE Sensex, which rose by 31.4% in the same period. On Tuesday, CSL shares surged 11.16% to Rs 1,670, up from the previous close of Rs 1,502.35. The stock’s 52-week range lies between Rs 1,169 and Rs 2,977.10. Trading volume rose more than ninefold.
Company Overview
CSL is a major shipbuilding and ship repair company involved in constructing, refitting, and upgrading all types of vessels. Its market capitalisation is above Rs 43,000 crore. As of June 30, 2024, its order book stood at around Rs 22,500 crore.
Financial Performance
- Quarterly (Q2FY25 vs Q2FY24):
- Net Sales: ₹1,143.20 crore (up 13%)
- Operating Profit: ₹298.41 crore (up 7%)
- Net Profit: ₹188.92 crore (up 4%)
- Net Sales: ₹1,143.20 crore (up 13%)
- Annual (FY24 vs FY23):
- Net Sales: ₹3,830.45 crore (up 62%)
- Net Profit: ₹783.28 crore (up 157%)
- Net Sales: ₹3,830.45 crore (up 62%)
- Half-Yearly (H1FY25 vs H1FY24):
- Net Sales: ₹1,914.67 crore (up 29%)
- Operating Profit: ₹559.77 crore (up 26%)
- Net Profit: ₹363.16 crore (up 30%)
- Net Sales: ₹1,914.67 crore (up 29%)
Strategic Partnership with Drydocks World
CSL, under CMD Shri Madhu S Nair, signed an MoU with Drydocks World, part of DP World led by H.E. Sultan Ahmed bin Sulayem. This agreement aims to establish advanced ship repair clusters in India. The partnership was formalised in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and Shri Piyush Goyal. The initiative will integrate global practices, expand ship repair capabilities, and explore offshore fabrication and port engagement to enhance India’s maritime infrastructure.
Investor Outlook
Given its consistent growth, strategic partnerships, and massive stock returns, Cochin Shipyard Ltd remains a stock to watch in the Indian shipbuilding sector.
