This small-cap company stock rose strongly after the announcement of its recent earnings. The stock began trading on Monday at Rs. 650.05 and closed at Rs. 686.90. The stock is currently trading above both the 50-day and 200-day moving averages, and it is 4.2% below its 52-week high.
Cochin Shipyard Ltd
Government-owned Cochin Shipyard Ltd. (CSL) specializes in building ships. It produces and fixes India’s biggest boats. The company provides repairs and life extensions for Navy, UTL, Coast Guard, fishing, and port trust ships in addition to upgrading ships utilized in the oil exploration sector.
According to the company filing, the consolidated total revenue rose by 13% YoY from Rs. 496.77 Cr in Q1 FY23 to Rs. 559.95. Net profit grew by 133% YoY from Rs 42.18 Cr in Q1 FY23 to Rs. 98.65 Cr in Q1 FY24. The EPS of the company is Rs. 7.5. As of March 2023, the ROA of the company is 3.04%, the ROE of the company is 6.88% and the ROCE of the company is 7.99%.
The company has a market capitalization of Rs. 8,496 Cr., making it a small-cap. The company’s shares ended the day Monday up 6.36% at Rs. 686.90. The stock has delivered 104% returns to the investors in one year, therefore making an investment of 1 lakh one year ago now would be worth 2.04 lakhs.
The company’s order book was estimated to be worth Rs. 21,400 Cr. as of March 2023. 82% of orders come from the defence sector, 11% from commercial exports, 6% from commercial domestic orders, and 1% from subsidiary orders.
As of June 2023, Pramoters owned 72.86%, DIIs owned 3.09%, FIIs owned 5.73%, and Retail & Others owned an 18.32% stake in this company.
Written by Sheshadri N
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