Cochin Shipyard shares tumble 10%; what investors need to know

The stock declined as much as 9.7% to hit an intraday low of ₹1,372 per equity share on the National Stock Exchange (NSE) on Friday, September 11, compared with Thursday’s closing price of ₹1,520.40 apiece.

At around 3:19 PM, the scrip was trading 9.22% lower at ₹1,380.20 per equity share. The shares have fallen 8% in the past week and over the month. On a year-to-date (YTD) basis, they have lost 15%.

While the stock hit a 52-week high of ₹1,979.90 apiece on September 22, 2025, it touched a year’s low of ₹1,187 per unit on March 30, 2026.

At the company’s investor call on Thursday, September 10, its management 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 10-12% and its ship repair margins to remain between 22-24% in FY27.

The company added that historically its higher margins were bolstered by high-margin nominated orders and interest income on surplus cash.

Additionally, the firm said that it expects its revenue to grow at 12% in FY27, with the potential to increase to 15%.

The company expects its shipbuilding business to be about 70% of its revenue mix, with ship repair standing at 40%.

The company further stated that it has an unexecuted order book of approximately ₹22,000 crore and is the lowest bidder (L1) for the next-generation survey vessels worth about ₹5,000 crore.

Recent updates

In a separate regulatory filing dated September 9, Cochin Shipyard said that its board of directors approved the proposal for forming a joint venture (JV) with Drydocks World Dubai – FZCO (DDW).

It stated that the JV is being formed for owning, operating and managing the International Ship Repair Facility (ISRF) of CSL at Willingdon Island, Kochi for undertaking dry-docking, maintenance, repair and overhaul of commercial and naval vessels below 130 meters of length and 6,000-tonne weight.

Additionally, the joint venture also plans for capacity augmentation of the ISRF through the addition of ten workstations.

Separately, on September 4, Cochin Shipyard fixed September 18, 2026, as the record date for determining the entitlement of its members to receive the final dividend of ₹1.50 per share, at 30%, with a face value of ₹5 each for FY26.

The dividend, if approved at its 54th annual general meeting (AGM), which is scheduled to be held on September 29, 2026, will be disbursed (subject to TDS) to eligible members by October 28, i.e., within 30 days from the date of approval.

Cochin Shipyard Q1 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.

About Cochin Shipyard

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

Incorporated in 1972, CSL is among India's leading integrated shipbuilding and repair yards, with operations spanning defence and commercial vessels, ship repairs, and offshore structures.

Cochin Shipyard has a total market capitalisation of ₹36,310.41 crore as of September 11, 2026, according to data on the NSE.