Cochin Shipyard Q4 Review – Sailing Smoothly in the Windy Sea: ICICI Direct


BQ Blue’s special research section brings together in-depth and quality research reports on stocks and the economy from top Indian brokers, asset managers and research agencies. These reports provide BloombergQuint subscribers with the opportunity to deepen their understanding of businesses, industries and the economy.

Cochin Shipyard Ltd. ended fiscal 21 with an outstanding performance in the fourth quarter, where sales and operating margin exceeded our estimates.

The ship repair segment, which has been lagging behind since Covid-19, has now delivered strong revenues and margins, boosting the overall performance of the company.

The company declared a dividend of 2.5 rupees per share during the quarter.

Revenue for the quarter was Rs 1,080.3 crore (vs. our estimate of Rs 975 crore), up 32.3% year-on-year, 44.3% QoQ.

Gross margin contracted by approximately 411 basis points year-on-year, 2,150 basis points in QoQ (year-on-year being a higher basis, QoQ being a one-time exception).

However, from a broader perspective, gross margins were in their middle range.

Click on the attachment to read the full report:

ICICI Direct Cochin Shipyard Q4FY21 Results Update.pdf


This report is written by an external party. BloombergQuint does not guarantee the accuracy of its content and is not responsible for it. The content of this section does not constitute investment advice. For this, you should always consult an expert according to your individual needs. The opinions expressed in the report are those of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify or distribute the content without the permission of the original owner.


Leave A Reply