Synopsis:
Cochin Shipyard Limited (CSL) secured a mega order of more than ₹2000 Cr from a European client to build six LNG-powered 1,700 TEU feeder vessels, boosting its eco-friendly shipbuilding capabilities and global presence.
This PSU Defence Stock, engaged in shipbuilding, ship repair, and marine engineering training, serving defence, commercial, and offshore sectors, jumped 3 percent after securing an order worth over Rs. 2,000 crore from a European Client.
With a market capitalization of Rs. 46,802.07 crores, the share of Cochin Shipyard Limited has reached an intraday high of Rs. 1,807.65 per equity share, rising nearly 2.73 percent from its previous day’s close price of Rs. 1,759.65. Since then, the stock has retreated and is currently trading at Rs. 1,779 per equity share.
What is the news?
Cochin Shipyard Limited (CSL) has won a mega order (more than Rs. 2,000 Crore) from a leading European client to design and build six feeder container vessels, each with a capacity of around 1,700 TEU and powered by liquefied natural gas (LNG).
This Letter of Intent (LOI) for this order was signed on October 14, 2025, and a detailed shipbuilding contract will be finalised soon. This order marks a significant milestone for CSL in advancing its capabilities in eco-friendly, LNG-powered vessels. This project enhances CSL’s international footprint and reinforces its reputation as a major player in shipbuilding for global clients.
Order Book
As of June 2025, Cochin Shipyard Limited (CSL) has an order book of around Rs. 21,100 crore. It has received 75 vessel orders worth Rs. 19,600 crore, including 14 Defence vessels (Rs. 13,700 crore), 34 Commercial-Domestic vessels (Rs. 1,700 crore), and 27 Commercial-Export vessels (Rs. 4,200 crore), along with ship repair orders of about Rs. 1,500 crore.
The order book comprises 65 percent Defence, 8 percent Commercial-Domestic, 20 percent Commercial-Export, and 7 percent Ship Repair. Defence leads the portfolio, Commercial Shipbuilding contributes 28 percent, and repairs make up the rest, reflecting a balanced and diversified mix.
Order Book Pipeline
Cochin Shipyard Limited’s shipbuilding order pipeline stands at approximately Rs. 2,85,000 crore, which is 13.5 times higher than its current order book. Defence orders dominate the pipeline, forming 77 percent or around Rs. 2,20,000 crore, while the Commercial segment accounts for 23 percent, valued at about Rs. 65,000 crore. This strong pipeline highlights significant growth opportunities for CSL in both Defence and Commercial shipbuilding segments..
Company Overview
Cochin Shipyard Limited (CSL) is a leading Indian shipbuilding and maintenance facility, established in 1972 as a fully owned Government of India company and currently operating under the Ministry of Ports, Shipping, and Waterways.
The company holds Miniratna Category I status and is recognized as the largest shipyard in India, capable of building vessels up to 110,000 deadweight tonnage (DWT) and repairing ships up to 125,000 DWT.
Recent quarter results
Coming into financial highlights, Cochin Shipyard Limited’s revenue has increased from Rs. 771 crore in Q1 FY25 to Rs. 1,069 crore in Q1 FY26, which has grown by 38.65 percent. The net profit has also grown by 8.05 percent from Rs. 174 crore in Q1 FY25 to Rs. 188 crore in Q1 FY26. Cochin Shipyard Limited’s revenue and net profit have grown at a CAGR of 14.74 percent and 13.61 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 20.4 percent and 15.8 percent, respectively. Cochin Shipyard Limited has an earnings per share (EPS) of Rs. 32.3, and its debt-to-equity ratio is 0.09x.
Written By – Nikhil Naik
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