Cochin Shipyard Order Book at ₹21,900 Crore, ₹6,500 Crore Capex Plan Breakdown

Cochin Shipyard Share: Cochin Shipyard (CSL) is in focus with a strong order pipeline and planned capacity expansion supporting its medium- to long-term growth visibility.

 The company’s order book includes shipbuilding and ship repair projects, while its ₹6,500-crore capex plan is aimed at expanding both businesses. The stock had a CMP of ₹1,466, with a market capitalisation of ₹38,828 crore.

As of 2 Sep, 10.42 AM 

Cochin Shipyard’s price is trading 0.59% as of 10.42 AM on 2nd September 2026. The stock is down 10% year-to-date and 16% over the last year, from 2nd Sep 2025 to 2nd Sep 2026.

Details of Cochin Shipyard’s order book

Cochin Shipyard’s order book stood at around ₹21,900 Cr, comprising approximately ₹20,700 crore in shipbuilding and ₹1,200 Cr in ship repair.

The order book includes programmes such as:

• ASW Corvettes

• Next Generation Missile Vessels

• LNG-powered container vessels

The company also has a sizable order pipeline. CSL has emerged as the L1 bidder for the Indian Navy’s Next Generation Survey Vessel programme, valued at around ₹5,000 crore. It is also a key contender for the Landing Platform Dock programme.

The broader defence pipeline includes Mine Countermeasure Vessels and Project-17B frigates. On the commercial side, CSL is pursuing opportunities in Medium-Range Tankers, Platform Supply Vessels and Very Large Gas Carriers.

How did Cochin Shipyard perform in Q1FY27?

Shipbuilding execution remained strong during the quarter, with shipbuilding revenue increasing 59% YoY to ₹700 Cr, supported by continued progress on the ASW Corvette order.

Ship repair revenue, however, declined 37% YoY to ₹390 Cr, mainly due to the high base in Q1FY26 following the INS Vikramaditya refit.

Consolidated financial performance was:

• Operating income: ₹1,094.2 Cr, up 2.4% YoY

• EBITDA: ₹193.2 Cr, down 20% YoY

• EBITDA margin: 17.7%

• Net profit: ₹151.5 Cr, down 19.4% YoY

Higher interest costs also contributed to the decline in net profit.

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What is Cochin Shipyard’s ₹6,500 Cr capex plan?

CSL plans to invest around ₹6,500 crore over the next 3-5 years, with ₹4,000 Cr allocated towards shipbuilding and ₹2,500 Cr towards ship repair.

The shipbuilding investment will fund a new Block Fabrication Facility with a capacity of 120,000 MTPA, compared with the existing capacity of around 20,000 MTPA. The expanded facility is intended to enable CSL to undertake larger vessels, including Suezmax tankers, container ships and Capesize bulk carriers.

For ship repair, ₹1,500 Cr is planned for adding 10 workstations at the International Ship Repair Facility (ISRF), while ₹1,000 Cr is earmarked for a new ship-repair hub at Vadinar, Gujarat.

What is the valuation of Cochin Shipyard?

At 34x FY28E earnings, Cochin Shipyard trades at a premium to listed peers. The valuation reflects the company’s order book, order pipeline and planned ₹6,500 Cr capacity expansion.

Conclusion: What does this mean for investors?

Cochin Shipyard enters the current period with a ₹21,900 Cr order book, strong shipbuilding execution and a sizable capacity expansion programme. While lower ship repair revenue weighed on Q1FY27 profitability, the company’s shipbuilding business continued to grow. Investors will track order inflows, execution and progress on the planned capacity expansion.