Cochin Shipyard shares are in focus for second consecutive day; here is why

Shares of Cochin Shipyard are in focus for the second consecutive session after the company announced securing a mega contract for building a ship vessel for a European client. The shares traded in green at ₹1,538 apiece on the NSE at 11:00 am.

Cochin Shipyard has bagged a mega order from a prominent European Client for the design and construction of six feeder container vessels, each with a capacity of about 1,700 TEU and powered by liquefied natural gas (LNG). The mega order is worth over ₹2000 crore.

A Letter of Intent (LoI) in this regard was signed on October 14, 2025. As per the contract, the first vessel is to be delivered in 36 months, and the last vessel is to be delivered within 64 months.

Earlier on Tuesday, the shares also jumped after the company was declared as L1 (lowest bidder) in the tender floated by the Ministry of Defence for the construction of 5 nos. of Next Generation Survey Vessels (NGSV) for the Indian Navy. The estimated total order value is around ₹5000 crore.

While in January, the company bagged a Notable order from Polestar Maritime for the construction of two Green Tugs of 60 T Bollard Pull Power under the Green Tug Transition Programme (GTTP) of the Ministry of Ports, Shipping and Waterways, Government of India. The Tugs are scheduled to be delivered in August 2027 and September 2027, respectively. This order is classified as a Notable order (worth ₹100 crore to ₹250 crore) according to the order Classification parameters of CSL.

In the latest Q3FY26 earnings, the company’s revenue jumped 17.6% YoY to ₹1,350 crore as compared to ₹1,147 crore in the same period last year. At the operational level, the company’s operating margin contracted from 22% in Q3FY25 to 17% in Q3FY26.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India.