Cochin Shipyard Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
COCHINSHIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cochin Shipyard reported consolidated revenue of Rs. 502,187 lakhs for FY26, up 4.2% from Rs. 481,996 lakhs in FY25. However, profit after tax declined 13.4% to Rs. 71,674 lakhs from Rs. 82,733 lakhs, impacted by higher finance costs (Rs. 9,238 vs Rs. 3,858 lakhs) and increased depreciation. Operating cash flow turned negative at Rs. 1,23,408 lakhs due to working capital build-up. The board recommended a dividend of Rs. 1.5 per share. Auditors issued an unmodified opinion but raised an 'Emphasis of Matter' regarding two suspended shipbuilding contracts for Andaman & Nicobar Administration, where delivery dates have expired and commercial terms remain unresolved. The company also lacks independent directors and cannot constitute an Audit Committee due to vacancies.
PAT decline of 13.4% and negative operating cash flow are concerning for investors. The unresolved A&N shipbuilding contracts and governance issues (missing independent directors) add uncertainty. The sharp increase in debt-equity ratio from 0.01 to 0.19 also warrants monitoring.