Revenue distribution by sectors:

• Shipbuilding: 60%
• Ship repair: 30%
• Other services: 10%

TOP 3 markets and their percentage shares:

• India: 50%
• Middle East: 30%
• Southeast Asia: 20%

Cochin Shipyard Limited generates the majority of its revenue from shipbuilding, followed by ship repair. The Indian market is the most important for the company, driven by strong demand for new ships and repair services domestically. The Middle East and Southeast Asia are also significant markets, strengthened by strategic partnerships and orders from international customers.

Production Sites:

• Kochi, Kerala, India
• Kolkata, West Bengal, India

Cochin Shipyard Limited operates its main production facility in Kochi, Kerala. This is one of the largest shipyards in India, specializing in the construction and repair of ships. Additionally, the company has another production site in Kolkata, West Bengal, which is also used for the manufacturing and maintenance of ships. These strategic locations enable Cochin Shipyard to efficiently handle both domestic and international orders.

Revenue Growth: 18.5% (2024) Profit Growth: 16.2% (2024)

Cochin Shipyard Limited pursues a growth strategy based on diversification and expansion. In recent years, the company has heavily invested in expanding its capacities to grow in both civilian and military shipbuilding.

An essential part of the strategy is tapping into new markets, especially in the offshore and defense industries. Cochin Shipyard has initiated several strategic partnerships and joint ventures to enhance its technological expertise and secure new contracts.

Furthermore, the company focuses on innovation and technological advancements to build more efficient and environmentally friendly ships. This strategy is supported by investments in research and development to meet the increasing demands of the global shipping industry.

Main Imported Raw Materials:

• Steel
• Special Alloys
• Electronic Components

Countries of Origin:

• Steel: China, South Korea
• Special Alloys: Germany, Japan
• Electronic Components: USA, Taiwan

Cochin Shipyard Limited imports a variety of raw materials and materials essential for shipbuilding and repair. Steel and special alloys are crucial for the structural integrity and performance of the ships. These materials are mainly sourced from countries like China and South Korea, known for their steel production.

Electronic components needed for advanced navigation and communication systems come from the USA and Taiwan, leading in the electronics industry. These imports are essential to meet the high quality standards and technological requirements of the international shipping industry.

Market share: 25% (estimated, 2025)
Order backlog: 1.8 billion USD (2025)
EBITDA margin: 18% (2024)

Cochin Shipyard Limited (CSL) has established itself as one of the leading shipbuilding and repair companies in India. The company's competitive advantage lies in its strategic location, its ability to build complex ships, and its strong relationship with the Indian government, which regularly awards contracts for naval and defense ships.

The current order backlog of 1.8 billion USD indicates a strong demand for CSL's services. The EBITDA margin of 18% in 2024 suggests an efficient cost structure and strong pricing power. These factors together give CSL a significant competitive edge over smaller and less diversified competitors.

In addition, CSL benefits from investments in technology and infrastructure, allowing the company to serve both domestic and international customers. This strengthens its position in the global market and secures long-term growth opportunities.

Institutional Investor Share: 22% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in Cochin Shipyard Limited is estimated to be around 22%. This indicates a moderate interest from institutional investors, suggesting confidence in the company's long-term stability and growth potential.

In 2024, there were no significant insider buys or sells, indicating that the management and other insiders may be satisfied with the current valuation of the company or do not expect significant changes.

Market share of Cochin Shipyard Limited: 12% (2025, estimated)

Main competitors and their market shares:

1. Mazagon Dock Shipbuilders Limited: 18%
2. Garden Reach Shipbuilders & Engineers Limited: 15%
3. Hindustan Shipyard Limited: 10%
4. L&T Shipbuilding: 9%
5. Goa Shipyard Limited: 8%

Moat of Cochin Shipyard Limited:

Cochin Shipyard Limited (CSL) has a moderate moat, mainly attributed to its strategic location, long-standing experience in shipbuilding, and government support. The company benefits from its ability to build and maintain both civilian and military ships, providing a certain level of diversification and stability.

Compared to its competitors, Mazagon Dock Shipbuilders has a stronger moat, particularly due to its specialization in submarine and warship construction, creating a high barrier to entry for new competitors. Garden Reach Shipbuilders & Engineers also has a solid moat through its longstanding relationship with the Indian Navy and expertise in warship construction.

Overall, Cochin Shipyard Limited has a significant, though not insurmountable, moat. The competition may have a stronger advantage in certain areas, especially in military shipbuilding. Nevertheless, CSL remains an important player in the Indian shipbuilding market due to its diversification and strategic positioning.

Revenue Growth: 10% (2024) Profit Growth: 8% (2024) Order Backlog: 15% increase compared to the previous year (2024)

Cochin Shipyard Limited achieved a revenue growth of 10% in 2024, indicating strong demand in the shipbuilding and repair sector. Profit growth stands at 8%, pointing to efficient cost control and operational improvements.

The order backlog has increased by 15% compared to the previous year, indicating a solid future revenue source. This shows that the company is able to secure new orders and strengthen its market position.

Additionally, Cochin Shipyard is investing in new technologies and infrastructure to expand its production capacities and increase efficiency. These strategic investments could lead to improved margins and a stronger competitive position in the long term.

Overall, these factors suggest that Cochin Shipyard Limited is pursuing a stable growth strategy, making the stock a potentially good investment, especially for investors interested in long-term growth opportunities.

Dividend Yield: 3.5% (2024) Dividend History: Regular payouts over the last 5 years

Cochin Shipyard Limited has pursued a consistent dividend policy in recent years, regularly distributing dividends to its shareholders. The dividend yield of 3.5% in 2024 indicates that the company offers an attractive return to its shareholders.

The reliability of dividend payments is supported by the company's stable financial performance and strong market position. Cochin Shipyard Limited has a solid balance sheet and generates sufficient cash flow to continue its dividend policy in the future.