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HomeSHARE MARKETThis Defense Stock Will Touch ₹1100, Brokerage Said - Buy; Gave 300%...

This Defense Stock Will Touch ₹1100, Brokerage Said – Buy; Gave 300% Return In 1 Year

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Defense PSU Stock: Due to the bullish market, Miniratna Defense PSU Stock Cochin Shipyard Ltd (NSE: COCHINSHIP) jumped 5 percent in the trading session on Thursday (21 March).

This government company, which has a strong presence in shipbuilding and ship repair, has a strong order book. 

The company is focusing on execution to boost growth. Given the company’s better outlook, ICICI Direct has advised to buy Cochin Shipyard from a long-term perspective. Investors have seen returns of up to 300 percent in just one year.

Cochin Shipyard: Price Will Touch ₹1100

Brokerage has given a BUY rating on Cochin Shipyard. The target price per share was also kept at Rs 1100 from a 12-month perspective.

The share closed at Rs 878 on March 21, 2024. In this way, a strong rise of about 20 percent can be seen in the stock from the current price.

Cochin Shipyard has given returns of about 300 percent to investors in the last year. The stock has jumped 72 percent in 6 months. 

The return in the last 3 months has been 38 percent and so far this year the stock has shown a rise of about 32 percent.

Cochin Shipyard is a Government of India-owned company. It is a leading ship-building and ship-repair yard company. 

By March 2023, the company has manufactured and delivered 180 vessels. Included are large, medium, and small ships, as well as offshore support vessels and defense vessels.

During FY23, about 74 percent of the company’s total revenue came from the ship-building segment. According to the data till December 2023, the company has an order backlog of Rs 22,300 crore.

Cochin Shipyard: What Is The Opinion Of The Brokerage?

The brokerage house believes that the company’s capability in shipbuilding and ship repair is tremendous. Execution of order backlog will give impetus to growth. 

The company has advanced state-of-the-art infra facility. Strong orders are in the pipeline in the defense and commercial shipbuilding and ship segments, including exports. In ship-building, orders worth about Rs 9000 crore are in the pipeline.

CSL is expected to see strong growth in revenue and profitability during FY24-26E. A CAGR of 23% in revenue and 36% in net profit is expected during FY23-26E. 

Whereas de-growth was seen during FY20-23. Cochin Shipyard appears to be at an attractive valuation given the multiple growth drivers.

About Cochin Shipyard Ltd Company 

Cochin Shipyard Ltd is an Indian-based business that is involved in business operations related to Shipbuilding and Ship repair. It was founded in 1970 as a Shipbuilding Project known as Cochin Shipyard Project. 

In 1972 the Government of India entirely owned the corporation Cochin Shipyard Limited to take over the Cochin Shipyard Project. 

It builds Marine Vessels and Marine Crude Oil Tankers and is one of the major centers in India for ship repair on a large scale. 

The business operates in two segments, Repair and Shipbuilding of Offshore Structures and Ships.

Fundamental Analysis of Cochin Shipyard Ltd

Market Cap₹ 23,568 Cr.
Current Price₹ 896
52-wk High₹ 945
52-wk Low₹ 205
Stock P/E43.0
Book Value₹ 179
Dividend0.95 %
ROCE8.66 %
ROE6.57 %
Face Value₹ 5.00
P/B Value5.00
OPM17.4 %
EPS₹ 22.6
Debt₹ 583 Cr.
Debt to Equity0.12

Cochin Shipyard Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 850₹ 968
2025₹ 1075₹ 1190
2026₹ 1200₹ 1400
2027₹ 1480₹ 1600
2028₹ 1648₹ 1800
2029₹ 1840₹ 2000
2030₹ 2054₹ 2200
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Cochin Shipyard Ltd Shareholding Pattern

Promoters Holding
Dec 202272.86%
Mar 202372.86%
June 202372.86%
Sept 202372.86%
Dec 202372.86%
FII Holding
Dec 20226.87%
Mar 20236.28%
June 20235.73%
Sept 20235.82%
Dec 20234.11%
DII Holding
Dec 20223.87%
Mar 20233.78%
June 20233.21%
Sept 20232.24%
Dec 20232.20%
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Public Holding
Dec 202216.39%
Mar 202317.07%
June 202318.19%
Sept 202319.07%
Dec 202320.84%

Cochin Shipyard Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 2,966 Cr
2020₹ 3,422 Cr
2021₹ 2,819 Cr
2022₹ 3,190 Cr
2023₹ 2,997 Cr

Last 5 Years’ Net Profit:

2019₹ 481 Cr
2020₹ 638 Cr
2021₹ 610 Cr
2022₹ 587 Cr
2023₹ 596 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.04
20200.03
20210.03
20220.03
20230.03

Last 10 Years’ Profit Growth:

10 Years:1%
5 Years:-6%
3 Years:-23%
Current Year:-4%

Last 10 years’ Return on Equity (ROE):

10 Years:14%
5 Years:14%
3 Years:12%
Last Year:7%

Sales Growth Over 10 Years:

10 Years:3%
5 Years:0%
3 Years:-12%
Current Year:1%

Conclusion

This article is a complete guide about Cochin Shipyard Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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