Rs 22,500 Crore Order Book: Defence Ship Building Stock Jumps 13.4 Per Cent After Announcing Stellar Results & 45 Per Cent Dividend
The stock gave multibagger returns of 650 per cent in just 2 years whereas the BSE Sensex Index is up by 33 per cent.
On Friday, shares of Cochin Shipyard Ltd jumped 13.4 per cent to Rs 2,055 per share from its previous closing of Rs 1,812.30 per share. The stock’s 52-week high is Rs 2,977.10 per share and its 52-week low is Rs 1,180.45 per share. The company's shares saw a spurt in volume by more than 4 times. The stock gave multibagger returns of 650 per cent in just 2 years whereas the BSE Sensex Index is up by 33 per cent.
Cochin Shipyard Ltd (CSL) is a leading player in the construction of all kinds of vessels, repairs and refits of all types of vessels, including periodic upgradation and life extension of ships. The company has a market cap of over Rs 50,000 crore and as of June 30, 2024, the company’s order book stands at approx. Rs 22,500 crore
According to Quarterly Results, net sales increased by 37 per cent to Rs 1,758 crore, operating profit decreased by 8 per cent to Rs 266 crore and net profit increased by 11 per cent to Rs 287 crore in Q4FY25 compared to Q4FY24. In its annual results, net sales increased by 26 per cent to Rs 4,820 crore and net profit rocketed by 171 per cent to Rs 827 crore in FY25 compared to FY24.
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Recently, Cochin Shipyard Limited (CSL) and Drydocks World are intensifying their collaboration to significantly enhance India's ship repair and offshore fabrication capabilities, building on a recent MoU signed in Mumbai. This strategic partnership, aligned with India's Maritime India Vision 2030 and Amrit Kaal Vision 2047, aims to integrate global best practices and expand capacity, beginning with joint operations at CSL's International Ship Repair Facility (ISRF) in Kochi. The initiative will not only create a world-class ship repair ecosystem for both domestic and international fleets but also bolster offshore fabrication and marine engineering training, positioning India as a global maritime hub.
Disclaimer: The article is for informational purposes only and not investment advice.