Cochin Shipyard Ltd.
Snapshot View

371.20 -3.45 ▼-0.9%

05 August 2021, 04:00:00 P.M.
Volume: 16,441

Overview View Details

Sector Ship Building Compare with Sector peers
Industry Ship Building Compare with Industry peers
Website http://www.cochinshipyard.com
Financial Indicators
Market Cap 4,928.16 Cr.
Earnings per share (EPS) 46.27 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 8.10 Trailing Twelve Months Ending 2021-03
Industry PE 9.70 Trailing Twelve Months Ending 2021-03
Book Value / Share 306.63 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.22 Calculated using Price: 374.65
Dividend Yield 4.14 Period Ending 2020-03
No. of Shares Subscribed 13.15 Cr. 131,540,390 Shares
FaceValue 10
Company Profile

The company was incorporated as Cochin Shipyard Limited on March 29, 1972 as a private limited company under the Companies Act, 1956, with the Registrar of Companies, Kerala at Ernakulam. The company became a deemed public limited company under section 43A of Companies Act, 1956 on July 1, 1982. The company again became a private limited company with effect from July 16, 1985. The company became a public limited company with effect from November 8, 2016 and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Kerala at Ernakulam.

In the last three decades the company has emerged as a forerunner in the Indian Shipbuilding & Ship repair industry. This yard can build and repair the largest vessels in India. The yard has delivered two of India’s largest double hull Aframax tankers each of 95,000 DWT. CSL has secured shipbuilding orders from internationally renowned companies from Europe & Middle East and is nominated to build the country’s first indigenous Air Defense Ship. Shipyard commenced ship repair operations in the year 1982 and has undertaken repairs of all types of ships including upgradation of ships of oil exploration industry as well as periodical lay-up repairs and life extension of ships of Navy, UTL, Coast Guard, Fisheries and Port Trust besides merchant ships of SCI & ONGC. The yard has, over the years, developed adequate capabilities to handle complex and sophisticated repair jobs. The Shipyard also trains graduate engineers to marine engineers who later join ships both Indian and foreign as 5th Engineers.

Business area of the company

The company caters to clients engaged in the defence sector in India and clients engaged in the commercial sector worldwide. In addition to shipbuilding and ship repair, it also offers marine engineering training. Moreover, the company is in the process of constructing a new dock, a ‘stepped’ dry dock (Dry Dock). This stepped dock will enable longer vessels to fill the length of the dock and wider, shorter vessels and rigs to be built or repaired at the wider part. It is also in the process of setting up an International Ship Repair Facility (ISRF), which includes setting up a shiplift and transfer system.

Awards and Recognition

  • 2015: The Gateway awards for shipbuilding company of the year. Shipbuilding Company of the Year in recognition of healthy order book and technical competence and also for active contribution to ‘Make in India’ initiative.
  • 2015 TMA- HLL CSR award Trivandrum management association jointly with HLL Lifecare Limited awarded the company as winner for spending Rs 54.6 million for the benefit of society.
  • 2015: Samatva 2015 Winner of best CSR practices among public sector undertakings.
  • 2016: Award for Outstanding Safety Performance. Winner of the award for outstanding performance in industrial safety in the category of very large size engineering industries (having more than 750 employees) given by National Safety Council (Kerala Chapter).
  • 2016: KMA Excellence Award For best in-house magazine.
  • 2016: Safety Award Award for outstanding performance in industrial safety in the category of very large factories (having more than 500 workers) given by Department of Factories & Boilers, Government of Kerala.
  • 2016: National safety council (Kerala chapter) safety awards Award for outstanding safety performance for outstanding performance in industrial safety as winner by achieving the lowest frequency rate of accidents.
  • 2016: Award for top 50 PSU organisations with innovative HR practices Award presented by Times Ascent to top 50 PSU organisation with “Innovative HR Practices” at Asia Pacific HRM Congress.
  • 2016: KMA excellence award for best CSR activities undertaken.
  • 2016: BT-CSR excellence award Award of excellence in the category of best performing PSE (CSR head) given by Bureaucracy Today.
  • 2016: Best corporate citizen award. Winner in category III awarded by National Institute of Personnel Management (Kerala chapter).
  • 2017: KMA Excellence Award-2017 For undertaking best CSR activities.
  • 2017 Rajbhasha Karyanvan Puraskaar Awarded first prize by Nagar Rajbhasha Karyanvan Samiti (Upakram), Kochi, for best implementation of official language Hindi during the year 2015-16.
  • 2017: Recognition of WIPS Activities Award Awarded by Forum of Women in Public Sector (under the aegis of SCOPE) in its 27th National Meet held at Nagpur on February 11, 2017- February 12, 2017.
  • 2018: KMA CSR award 2018 for the category, Education.
  • 2018: KMA CSR award 2018 for the category, Health and Hygiene.
  • 2018: Rajbhasha Kirti Puraskar in recognition of the achievements of the PSUs and Government departments in implementation of the Official Language.
  • 2018: Rajbhasha Shield (second prize) for the year 2016-17 and 2017-18 from Ministry of Shipping for best official language implementation.
  • 2018: Rajbhasha Trophy (first prize) for the year 2017-18 from Kochi Town Official Language Implementation Committee (TOLIC) for the best implementation in the Official Language field.
  • 2019: KMA award 2019 for recognition of contribution in the category ‘innovative and effective deployment of CSR fund’ and also in specific contribution in the category ‘health & hygiene'.
  • 2019: NIPM Best Corporate Citizen Award 2019 from National Institute of Personnel Management, in recognition of its CSR initiatives in ‘healthcare’ sector.
  • 2019: Rotary International CSR Excellence Award 2019. The Company won golden award for its contribution in ‘healthcare and sanitation’ sector and platinum award for its contribution in ‘education and special education’ sector.
  • 2019: Rajbhasha Kirti Puraskar in recognition of the achievements of the PSUs and Government departments in implementation of the official language.
  • 2019: Rajbhasha Shield (first prize) for the year 2018-19 from Ministry of Shipping for best official language implementation.

Milestones

  • April, 1972: Laying of foundation stone for hull shop of the company.
  • July, 1975: Vice Admiral N. Krishnan and Admiral S. M. Nanda sign the contract for building the first bulk carrier at Cochin Shipyard.
  • July, 1981: Delivery of first ship named ‘Rani Padmini’.
  • October, 1990: Delivery of first tanker named ‘007 Motilal Nehru’.
  • May, 1993: Received approval from Directorate General of Shipping for starting Graduate Engineer’s Course for six months at the company.
  • May, 1999: Delivered the Double Hull Motor Tanker ‘M.T. Abul Kalam Azad’ with a dead weight at design draught of 83576 T to Shipping Corporation of India Limited.
  • February, 2003: Delivered first export order, LB II Barge to National Petroleum Construction Company, Abu Dhabi.
  • January, 2004: Contract signed for building of six bulk carriers for M/s Clipper Group, Bahamas - The first series of export order.
  • November, 2006: Delivered nine fire-fighting tugs to Saudi Seaport Authority, Saudi Arabia from December 2004.
  • February, 2009: Keel laying of the first Indigenous Aircraft Carrier for the Indian Navy.
  • October, 2010: Signed the shipbuilding order of 20 Fast Patrol Vessels for Indian Coast Guard.
  • September, 2011: Set up the 500 Tonne Bollard Pull facility at Vizhinjam, the largest facility for bollard pull test in Asia.
  • December, 2012: Signed contract for setting up of ISRF at Cochin Port Trust.
  • August, 2013: Launched the first Indigenous Aircraft Carrier for the Indian Navy.
  • December, 2013: Allotment of 8.51% Secured redeemable non-convertible tax-free bonds of face value of Rs 1,000 million.
  • March, 2014: Delivered the 100th ship built by the company.
  • July, 2014: Implemented SAP ERP System.
  • December, 2015: Obtains license from GTT to build LNG Ships using the containment system known as the Mark-III Technology.
  • December, 2016: The last ship of the 20 Fast Patrol Vessel delivered to Indian Coast Guard.
  • June, 2017: Delivered double ended Ro-Ro ferry ‘Sethusagar - I and II’ to Kochi Municipal Corporation.
  • August 11, 2017: Cochin Shipyard Limited was Listed on BSE and NSE.
  • October 23, 2017: Incorporated Joint Venture Company viz., Hooghly Cochin Shipyard Ltd in partnership with Hooghly Dock and Port Engineers Limited.
  • January 18, 2018: Signed MOI with Defence Research and Development Organisation (DRDO) for export of Defence vessels incorporating Defence systems developed by DRDO and produced by Indian OEMs.
  • March 17, 2018: Signed MOU with Kolkata Port Trust for operations and management of ship repair facility at Netaji Subhas Dock. CSL shall utilize the facilities for the purpose of ship repair and allied services and for the growth of ship repair in the region.
  • October 30, 2018: Launching of 2 nos. 500 Pax vessels for A&N Administration by Smt. Kanchan
  • Gadkari, wife of Shri Nitin Gadkari, Hon’ble Union Minister for Shipping, Road Transport, Highways, Water Resources, River Development and Ganga Rejuvenation.
  • February 19, 2019: First batch of three Tuna Long Liner Cum Gillnetter Fishing Vessels for fishermen beneficiaries of Department of Fisheries, Government of Tamil Nadu was flagged off by Honb’le Chief Minister of Tamil Nadu, Thiru Edappadi K Palaniswami.
  • March 28, 2019: An agreement entered into between CSL and Kolkata Port Trust for operations and management of ship repair facility at Netaji Subhas Dock, which shall be focusing on the ship repair requirements at Kolkata area and inland waterways.
  • April 30, 2019: CSL signed contract for building 8 nos. Anti-Submarine Warfare Shallow Water Crafts for Indian Navy.
  • June 26, 2019: Commencement of Block Erection of 2 nos. RO-PAX Vessels for IWAI by Shri Paul Ranjan D, Director (Finance), CSL and Shri Mathew George, Director, IWAI.
  • September 19, 2019: Inauguration of CSL Maritime Park by Shri Mansukh L Mandaviya, Hon’ble Minister of State for Shipping (Independent Charge) and Chemicals & Fertilizers.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.92%
1 Week
-1.20%
1 Month
-6.43%
3 Month
-0.26%
6 Month
+6.94%
1 Year
+14.82%
2 Year
+6.24%
5 Year
3 years 2018-03 2019-03 2020-03
Return on Equity (%) 12.17 14.51 17.93
Return on Capital Employed (%) 18.24 22.34 24.87
Return on Assets (%) 7.28 9.00 10.95

Balance Sheet View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 3,255 3,329 3,723
Non Curr. Liab. 105 84 481
Curr. Liab. 2,074 1,762 2,156
Minority Int. 6 5
Equity & Liab. 5,440 5,180 6,360
Non Curr. Assets 598 1,062 1,931
Curr. Assets 4,842 4,118 4,429
Misc. Exp. not W/O
Total Assets 5,440 5,180 6,360

Profit Loss View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 2,355 2,966 3,422
Other Income 189 226 245
Total Income 2,544 3,192 3,668
Total Expenditure -1,891 -2,394 -2,711
PBIDT 654 797 957
Interest -12 -15 -50
Depreciation -38 -34 -49
Taxation -208 -270 -226
Exceptional Items
PAT 396 478 632

Cash Flow View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 631 -451 253
Cash Fr. Inv. -1,312 1,074 -97
Cash Fr. Finan. 812 -409 -309
Net Change 131 214 -154
Cash & Cash Eqvt 807 1,021 867

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 75.21 75.21 75.21 72.86 72.86 72.86 72.86 72.86 72.86
Public 24.79 24.79 24.79 27.14 27.14 27.14 27.14 27.14 27.14
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 04 Aug 2021
Announcement under Regulation 30 (LODR)-Press Release / Media Release
We are enclosing herewith the press release dated August 04 2021 issued by the Company which is self-explanatory.
Tue, 03 Aug 2021
Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29 Of <BR> SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
Cochin Shipyard Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2021 inter alia to consider and approve 1. Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday August 10 2021 to inter alia consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter ended June 30 2021.

2. Pursuant to this the closure of trading window under Code of Internal Procedures and Conduct for Prohibition of Insider Trading in Dealing with the Securities of Cochin Shipyard Limited which had commenced from July 01 2021 shall end 48 hours after the results are made public on August 10 2021.
Sat, 17 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0321
Name of the Signatory :- SYAMKAMAL N
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Wed, 04 Aug 2021
Making Lower Lows for 3 days Making Lower Lows for 3 days
Close Within 52 Week High Zone Close Within 52 Week High Zone
MFI Crossed 20 From Above MFI Crossed 20 From Above
MFI Below 20 MFI Below 20
Tue, 03 Aug 2021
Close Within 52 Week High Zone Close Within 52 Week High Zone

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