Cochin Shipyard secures mega order for six LNG‑powered feeder vessels; shares gain nearly 3%

The scrip was trading 1.56% higher at ₹1,787.60 per equity share on the National Stock Exchange (NSE) at 1:59 PM.

The company has signed a Letter of Intent (LOI) for this contract on Tuesday, October 14. Each ship will have a capacity of approximately 1,700 Twenty-foot Equivalent Unit (TEU) and will be powered by liquefied natural gas (LNG). Additionally, the formal shipbuilding contract, detailing the technical and commercial terms, is expected to be signed in due course.

"None of the promoter/ promoter group/ group companies have any interest in the entity that awarded the order. Further, the said order also does not fall under the purview of related party transactions," the company clarified in an exchange filing.

Last month, on September 17, the company had signed a contract with the Oil and Natural Gas Corporation (ONGC).

The deal covers dry dock and major lay-up repairs for one of ONGC’s jack-up rigs, with an estimated value of around ₹200 crore and an anticipated duration of about 12 months.

Cochin Shipyard share price

In the past five trading sessions, Cochin Shipyard shares have fallen 2.37%, while declining 1.13% over the last month. The stock has delivered strong returns for its long-term investors, rising 23.89% in the past six months. On a year-to-date basis, the share price has increased 14.05%.

The stock recorded a 52-week high of ₹2,545.00 on June 6, 2025, and a 52-week low of ₹1,180.20 on February 18, 2025. As of October 14, 2025, the company’s market capitalization on the NSE stood at ₹47,052 crore.

Cochin Shipyard Q1 earnings

The firm reported an 8% year-on-year (YoY) surge in its net profit to ₹188 crore in the June quarter of the 2025-26 financial year (Q1FY26), compared to ₹174 crore in the same period last year. Its revenue from operations grew 39% YoY to ₹1,069 crore during the reporting quarter, as against ₹771 crore in the first quarter of FY25.

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹242 crore in Q1FY26, marking a jump of 37% YoY from ₹177 crore in the June quarter of the previous fiscal year.

Cochin Shipyard is a leading player in the construction of all kinds of vessels and repairs and refits of all types of vessels, including periodic upgrades and life extensions of ships. The defence PSU has exported some 45 ships to various clients outside India.