Cochin Shipyard Ltd
About
Cochin Shipyard Limited (CSL) is a Government of India enterprise concerned with shipbuilding and repair yards. Though its yard facilities were completed in 1982, its shipbuilding operations had commenced from 1978. CSL is involved in the production of vessels like tankers, passenger vehicles, port crafts, bulk carriers, and more. Under the leadership of Madhu S. Nair, the company primarily deals with the design, development, and construction of ships and repairs, maintenance, and overhaul of ships and offshore structures. Its shipyard is the only one in India that can build up to 110,000 deadweight tonnage (DWT) and repair up to 125,000 DWT. Additionally, the company trains marine engineers and conducts firefighting and first aid courses, for which it has also built the Marine Engineering Training Institute in Cochin.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4140 57.1% | 2635 -23.8% | 3459 14.5% | 3022 -17.6% | 3668 14.9% | 3192 26.7% | 2519 12.9% | 2231 5.6% | 2113 25.8% | 1680 -7.6% | 1819 -0.1% | 1820 24.9% | 1457 -9.1% | 1603 6.0% | 1512 10.8% | 1365 - |
| Net Operating Income (INR Cr) | 3830 61.99% | 2365 -25.90% | 3191 13.20% | 2819 -17.64% | 3422 15.41% | 2966 25.92% | 2355 0.00% | 2059 3.46% | 1990 25.69% | 1583 -11.94% | 1798 7.02% | 1680 19.44% | 1406 -3.78% | 1462 2.92% | 1420 13.06% | 1256 50.66% |
| Profit (INR Cr) | 783 157.1% | 305 -46.0% | 564 -7.3% | 609 -3.7% | 632 32.2% | 478 20.6% | 396 23.3% | 322 10.2% | 292 321.1% | 69 -75.4% | 282 5.8% | 266 71.5% | 155 -31.7% | 228 2.0% | 223 39.3% | 160 - |
| Assets (INR Cr) | 5551 9.7% | 5060 1.5% | 4985 8.2% | 4607 8.4% | 4251 22.0% | 3484 2.2% | 3410 56.7% | 2176 10.5% | 1969 15.9% | 1699 -8.0% | 1847 47.8% | 1250 19.7% | 1044 6.8% | 978 43.1% | 683 205.2% | 224 - |
| Net Worth (INR Cr) | 5003 13.0% | 4428 0.8% | 4393 8.9% | 4033 8.3% | 3723 11.8% | 3329 2.3% | 3255 0.0% | 2029 11.2% | 1824 17.4% | 1554 4.3% | 1490 21.6% | 1225 25.2% | 978 10.1% | 889 47.2% | 604 - | 4 -98.9% |
| Employee Cost (INR Cr) | 390 15.7% | 337 7.5% | 314 7.3% | 292 -4.5% | 306 10.2% | 278 2.3% | 271 24.9% | 217 3.9% | 209 -1.8% | 213 1.8% | 209 10.8% | 189 7.9% | 175 5.1% | 167 8.8% | 153 3.1% | 149 - |
| Interest Cost (INR Cr) | 46 | 43 | 53 | 58 | 50 | 15 | 12 | 12 | 12 | 19 | 20 | 23 | 13 | 29 | 19 | 20 |
| Cash & Bank Balance (INR Cr) | 3864 | 4758 | 3213 | 2209 | 2195 | 2577 | 3505 | 1991 | 1820 | 1419 | 556 | 704 | 909 | 690 | 750 | 902 |
| Total Debt (INR Cr) | 502 | 587 | 554 | 540 | 123 | 123 | 123 | 123 | 123 | 123 | 334 | 0 | 0 | 0 | 0 | 101 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 18.9% | 11.6% | 16.3% | 20.1% | 17.2% | 15.0% | 15.7% | 14.4% | 13.8% | 4.1% | 15.5% | 14.6% | 10.7% | 14.2% | 14.8% | 11.7% |
| Profit As % Of Assets | 14.1% | 6.0% | 11.3% | 13.2% | 14.9% | 13.7% | 11.6% | 14.8% | 14.8% | 4.1% | 15.3% | 21.3% | 14.9% | 23.3% | 32.7% | 71.5% |
| Profit As % Of Networth | 15.7% | 6.9% | 12.8% | 15.1% | 17.0% | 14.4% | 12.2% | 15.9% | 16.0% | 4.5% | 18.9% | 21.7% | 15.9% | 25.6% | 36.9% | - |
| Interest Cost to EBITDA % | 5.2% | 16.5% | 8.5% | 8.1% | 7.0% | 2.7% | 2.6% | 3.2% | 3.2% | 21.1% | 4.7% | 6.6% | 6.6% | 11.0% | 7.2% | 10.6% |
| Debt to Equity Ratio | 0.10 | 0.13 | 0.13 | 0.13 | 0.03 | 0.04 | 0.04 | 0.06 | 0.07 | 0.08 | 0.22 | - | - | - | - | 27.99 |
| RONW | 16.6% | 5.9% | 13.4% | 15.7% | 17.9% | 14.5% | 12.2% | 16.7% | 17.3% | 4.6% | 20.8% | 24.2% | 16.6% | 34.5% | 86.2% | 143.2% |
| ROCE | 21.1% | 8.0% | 17.1% | 19.6% | 23.5% | 22.2% | 18.1% | 24.4% | 25.2% | 7.3% | 29.2% | 36.7% | 24.1% | 50.4% | 91.8% | 112.3% |