Cochin Shipyard gets order to build 40 ships from US and other countries; everything investors need to know

“Most of the orders we are receiving for shipbuilding are for Cochin Shipyard Limited (CSL) from foreign countries like Germany, America, and Norway. So far, we have received orders for more than 40 ships,” Sonowal said.

A senior shipping ministry official said that some Russian entities have also shown interest in building ships in India, in collaboration with Indian shipyards, including Cochin Shipyard.

The minister said Indian shipbuilders are earning credibility globally.

“That is the reason why we are getting this number of orders, and this reflects how India could generate confidence about its quality production, about its capacity building,” he added.

Responding to a question, Sonowal said during the second day of the 3rd ‘Sagarmanthan—The Ocean Dialogue,' he met a Myanmar minister, who informed him that coastal shipping in Myanmar is successfully running.

“So, that is why this Sittwe Port in Myanmar is very successfully operating,” he said.

The minister also said Belgium has expressed its willingness to work with India to promote shipbuilding.

Cochin Shipyard Q1 FY27 results

Cochin Shipyard reported a 27.7% year-on-year (YoY) fall in its net profit to ₹135.8 crore in Q1 FY27, compared with ₹187.9 crore in the same period last year.

Its revenue from operations declined 6.9% YoY to ₹910 crore during the quarter under review, as against ₹977 crore in the first quarter of FY26.

Last month, the company at investors’ call said that it expects the firm’s EBITDA margin to be about 14% in FY27, in contrast to 17% it recorded in the April-June quarter of the current fiscal year and 16% in the 2025-26 fiscal year (FY27).

Furthermore, Cochin Shipyard’s management estimated its shipbuilding margins to stand between 10% and 12% and its ship repair margins to remain between 22% and 24% in FY27.

Cochin Shipyard share price trends

On Thursday, Cochin Shipyard shares settled at ₹1,200 apiece on the National Stock Exchange, declining 4.39%.

From the beginning of the year, Cochin Shipyard shares have dropped 26%. Over a month’s time, the stock has slipped 21%, while it has fallen 13% in the past six months.

Shares of the company had touched their one-year high of ₹1,874.80 apiece on October 7, 2025, while their 52-week low of ₹1,187 was hit on March 30, 2026.

Cochin Shipyard has a total market capitalisation of ₹31,569.69 crore as of October 8, 2026, according to data on the NSE.

Cochin Shipyard Limited is a state-owned shipbuilding and ship-repair company under the Ministry of Ports, Shipping and Waterways.