Cochin Shipyard builds and repairs commercial and naval vessels at its Kochi yard on India's southwest coast, with a growing share of work in defence shipbuilding and ship repair for the Indian Navy and Coast Guard. The competitive case rests on scarcity: it is one of the few yards in India with the scale and certification to take on large commercial and naval hulls, and state-led naval procurement gives it a visible order pipeline. The near-term catalyst is order book conversion, since a forward P/E of 26 against a trailing 45 implies the market expects earnings to rise sharply as current contracts reach revenue recognition. Revenue growth of only 2.4% and a 14.7% operating margin against a 33.4% gross margin show the business is not yet converting its order book into top-line growth, so the thesis depends on execution timing. At 306.2B INR market cap with no index membership, the name sits in a segment where a deeper look at order backlog, yard capacity and margin trajectory is warranted before any position is considered.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | ₹1074 | first publication | ₹1164 |
Answered from Cochin Shipyard Limited fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| COCHINSHIP.NS Cochin Shipyard Limited | ₹1139.90 | - | - | 44.1x | - | 75 | 34 |
| BDL.NS Bharat Dynamics Limited | ₹1052.50 | - | - | 71.6x | - | 80 | 53 |
| MAZDOCK.NS Mazagon Dock Shipbuilders Limited | ₹1922.30 | - | - | 27.1x | 28.8% | 84 | 49 |
| CAE.TO CAE Inc. | C$35.02 | C$25 | 39% above | 39.3x | 5.6% | 56 | 46 |
| BWXT BWX Technologies Inc. Common Stock | $127.30 | $95 | 34% above | 33.0x | 28.3% | 60 | 47 |
| EMBJ Embraer S.A. Common Stock | $69.21 | $63 | 9% above | 28.7x | 12.2% | 57 | 67 |
| TXT Textron Inc. Common Stock | $78.04 | $93 | 16% below | 14.5x | 12.1% | 60 | 50 |
Where COCHINSHIP.NS ranks against its sector peers on each metric.