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Cochin Shipyard Ltd logo

Cochin Shipyard Ltd

NSE: COCHINSHIP BSE: 540678

1495

(-3.83)%

Mon, 02 Feb 2026, 08:40 am

Analysis

dividend

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Pros

  • Dividends paid are well covered by earnings (3.5x coverage).
  • Cochin Shipyard's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Cochin Shipyard's dividend is above the markets top 25% of dividend payers in India (3.08%).
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Cons

  • Dividend payments have increased, but Cochin Shipyard only paid a dividend in the past 2 years.
  • Whilst dividend payments have been stable, Cochin Shipyard has been paying a dividend for less than 10 years.

health

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Pros

  • Cochin Shipyard is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cochin Shipyard is profitable, therefore cash runway is not a concern.
  • Cochin Shipyard is profitable, therefore cash runway is not a concern.
  • Debt is covered by short term assets, assets are 35.6x debt.
  • Cochin Shipyard's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (7.9% vs 3.6% today).
  • Cochin Shipyard earns more interest than it pays, coverage of interest payments is not a concern.
  • Cochin Shipyard's level of debt (3.6%) compared to net worth is satisfactory (less than 40%).
  • Low level of unsold assets.
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Cons

  • Operating cash flow is negative therefore debt is not well covered.

management

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Pros

  • The tenure for the Cochin Shipyard board of directors is about average.
  • Madhu's remuneration is lower than average for companies of similar size in India.
  • Madhu's compensation has been consistent with company performance over the past year, both up more than 20%.
  • The tenure for the Cochin Shipyard management team is about average.
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Cons

    misc

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    Pros

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      Cons

      • Cochin Shipyard is not covered by any analysts.

      past

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      Pros

      • Cochin Shipyard's 1-year earnings growth exceeds its 5-year average (25.1% vs 20.9%)
      • Cochin Shipyard has delivered over 20% year on year earnings growth in the past 5 years.
      • Cochin Shipyard used its assets more efficiently than the IN Machinery industry average last year based on Return on Assets.
      • Cochin Shipyard's earnings growth has exceeded the IN Machinery industry average in the past year (25.1% vs -7.2%).
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      Cons

      • Cochin Shipyard's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
      • Cochin Shipyard has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

      value

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      Pros

      • Cochin Shipyard is good value based on earnings compared to the IN Machinery industry average.
      • Cochin Shipyard is good value based on earnings compared to the India market.
      • BSE:540678 is up 8.7% along with the Machinery industry (8.3%) over the past month.
      • BSE:540678 is up 8.7% along with the India market (8%) over the past month.
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      Cons

      • Cochin Shipyard's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
      • Cochin Shipyard's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
      • Cochin Shipyard is overvalued based on assets compared to the IN Machinery industry average.
      • 540678 underperformed the Machinery industry which returned -23.7% over the past year.
      • 540678 underperformed the Market in India which returned -14.5% over the past year.

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      Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800