Cochin Shipyard Ltd.
Infrastructure · NSE
52-week range
₹1,187 – ₹2,530
From 52w high
-29.8%
RSI (14)
68.5
vs SMA 50 / 200
↑ 50 · ↑ 200
Cochin Shipyard (COCHINSHIP) is a PSU defence and commercial shipbuilder trading at ₹1,776.70, carrying a trailing PE of 63.83 and a debt-to-equity ratio of 20.29. Revenue has compounded at 17.7% over five years, but earnings have contracted at -18.3% over the same period, leaving quality metrics near the lower end of its infrastructure peer group at a score of 29 out of 100.
- ✓5-year revenue CAGR of 17.7% indicates consistent top-line expansion, reflecting an order book that has grown in scale over the period.
- ✓Current price of ₹1,776.70 is above both the 50-day moving average (₹1,490.74) and the 200-day moving average (₹1,631.43), marking a positive medium-term price structure after the stock recovered from deeper lows.
- ✓Forward PE of 54.35 is lower than the trailing PE of 63.83, implying that consensus earnings estimates (from 2 analysts) project improvement in earnings over the next twelve months.
- ✓Profit margin of 13.73% is a positive absolute figure in a capital-intensive shipbuilding context, and the 3-month price gain of 18.27% reflects recent market recognition of the company.
- ✗5-year earnings CAGR of -18.3% against 17.7% revenue growth signals that cost escalation or margin compression has consumed revenue gains; FCF has been positive in only 2 of the years available in the persistence record.
- ✗Debt-to-equity of 20.29 is substantially above typical capital-goods peer norms; at this leverage level, changes in project execution timelines or interest rates have outsized balance-sheet impact.
- ✗Quality score of 29 out of 100 ranks 4th among 6 named infrastructure peers; ROE has exceeded 15% in only 1 of the tracked years, indicating limited compounding of shareholder equity.
- ✗Analyst coverage is thin at only 2 analysts, limiting the reliability of any consensus signal; the sole negative news headline in the past week cited a trimmed fair-value target from a third-party research outlet.
- ·Q4 FY2026 results are imminent (multiple sources flagged the results check date in the first week of May), with market participants watching for signs of whether the revenue-earnings divergence has stabilised or widened.
- ·A management change was announced in early May 2026; leadership transitions at PSU enterprises can affect order prioritisation, capital allocation decisions, and government relationship continuity.
- ·A third-party analyst (Yahoo Finance, May 4 2026) reported a trimmed fair-value target for COCHINSHIP, coinciding with a period in which the stock has rallied sharply — RSI is now at 68.47 and price is within 0.19% of the identified resistance at ₹1,780.
- ?Can the company demonstrate that the revenue-earnings divergence of the past five years is structural (input cost inflation, shipbuilding cycles) or project-specific (cost overruns on discrete contracts), and is there evidence of normalisation in recent quarters?
- ?How does a debt-to-equity of 20.29 compare to COCHINSHIP historical norms, and what is the company's debt-service coverage ratio relative to its order book pipeline and advance payments?
- ?With the stock near its identified resistance of ₹1,780 and RSI at 68.47 following an 18% 3-month rally, what would the next set of support levels (₹1,473, ₹1,455, ₹1,405) imply for downside relative to current price?
- ?Does the management change announced in May 2026 signal a policy shift in COCHINSHIP's balance between defence and commercial shipbuilding revenue mix, and how has each segment contributed to margin trends?
PE
63.8
Forward PE
54.4
ROE
—
Profit margin
+13.7%
D/E
20.29
Dividend yield
+0.8%
Quality score
29/100
ROE 5y above 15%
1/5 yrs
FCF 5y positive
2/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.