KOCHI — On a day when India’s defence stocks mostly fell, the one that rose hardest was the one that answers to a different ministry. Cochin Shipyard gained 2.26 percent on Monday, the best performance among the country’s six large defence-linked manufacturers, and it did so while carrying the group’s steepest discount to its own high and its worst recent profit trend. That combination is not a contradiction. It is the market noticing which of these companies is not waiting on the Ministry of Defence.
Cochin Shipyard closed Monday, August 24, 2026, at ₹1,514 on the National Stock Exchange, up ₹33.50. On the BSE it settled at ₹1,511, up ₹36 or 2.44 percent. The session had an unusually clean shape: the stock opened at ₹1,480.50, which was also its low for the day, and finished at ₹1,514 against a high of ₹1,516. It went one way from the first trade to the last, on 8.5 lakh shares.
Set that against the scoreboard and it looks stranger still. At ₹1,514 the stock is 23.5 percent below its 52-week high of ₹1,979.90, the deepest drawdown of any large name in the sector. Its most recent quarterly profit fell 19 percent. It trades on 58.8 times earnings, more than either Hindustan Aeronautics or Mazagon Dock, while earning a return on equity of 12.5 percent, less than half what those two manage.
Cochin Shipyard Share Price Today: NSE and BSE Close for August 24, 2026
| Measure | NSE · COCHINSHIP | BSE · 540678 |
|---|---|---|
| Closing price | ₹1,514.00 | ₹1,511.00 |
| Previous close | ₹1,480.50 | ₹1,475.00 |
| Change | +₹33.50 (+2.26%) | +₹36.00 (+2.44%) |
| Open | ₹1,480.50 | ₹1,480.50 |
| Day’s high | ₹1,516.00 | ₹1,515.15 |
| Day’s low | ₹1,480.50 | ₹1,480.50 |
| Volume traded | 8.51 lakh shares | – |
| 52-week high · low | ₹1,979.90 · ₹1,187.00 | |
| Market capitalisation | ₹39,979 crore | |
| Trailing P/E · Price to book | 58.8 · 6.8 | |
| ROCE · ROE | 16.0% · 12.5% | |
| NSE and BSE closing prices for August 24, 2026. BSE figures are from the exchange’s own quote feed, timestamped 16:00 IST. Valuation ratios and market capitalisation are Screener’s. | ||
Cochin Shipyard Stock Code on NSE, BSE and Global Data Feeds
| Exchange or provider | Code | Notes |
|---|---|---|
| NSE (National Stock Exchange) | COCHINSHIP | Series EQ |
| BSE (Bombay Stock Exchange) | 540678 | Scrip code |
| ISIN | INE704P01025 | Depository identifier. Face value ₹5 |
| Google Finance | NSE:COCHINSHIP · BOM:540678 | The exchange-prefixed format Google requires |
| Yahoo Finance | COCHINSHIP.NS · COCHINSHIP.BO | Suffix marks the exchange |
| Founded in 1969 and headquartered in Kochi. A Miniratna company under the Ministry of Ports, Shipping and Waterways, not the Ministry of Defence. The government holds 67.92 percent, the smallest state stake among the six. | ||
That last line in the table is the one that matters most, and it is the one almost every screener gets wrong by filing Cochin Shipyard under defence. Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics, Mazagon Dock and BEML are all Ministry of Defence undertakings. Cochin Shipyard reports to Ports, Shipping and Waterways. It builds warships, including the aircraft carrier INS Vikrant, and roughly 65 percent of its order book has been defence work. But its owner has a different mandate, and its commercial business is real.
The Quarter Was Poor, and the Reason Is in the Cost Line
Cochin Shipyard’s June quarter was the weakest of the six. Consolidated revenue from operations rose 2.4 percent to ₹1,094.21 crore. Net profit fell 19.36 percent to ₹151.45 crore. The gap between those two is entirely explained by costs: total expenses climbed 9.8 percent to ₹958.76 crore against revenue growth of 2.4 percent, and gross profit fell 22 percent to ₹161 crore.
| Metric | Q1 FY27 | Q1 FY26 |
|---|---|---|
| Revenue from operations | ₹1,094.21 crore | ₹1,068.6 crore |
| Total income | ₹1,161.25 crore | ₹1,122.92 crore |
| Total expenses | ₹958.76 crore | ₹873.00 crore |
| Gross profit | ₹161 crore | ₹207 crore |
| Net profit | ₹151.45 crore | ₹187.82 crore |
| FY26 revenue | ₹5,022 crore | |
| Consolidated figures. The Q1 FY26 operating revenue figure is implied by the reported 2.4 percent growth rate rather than separately disclosed. Expenses grew roughly four times faster than operating revenue in the quarter. | ||
The mix is what did it. Ship repair revenue, which had surged in the year-ago quarter, fell sharply, while shipbuilding grew. Repair work is higher-margin and lands unevenly, so a quarter in which it drops is a quarter in which the profit line drops with it. That is a lumpiness problem, not a demand problem, but at 58.8 times earnings the market has not been forgiving about the difference.
Cochin also did not publish an updated order book with these numbers, which is worth saying plainly. The most recent clearly dated figure available is around ₹21,100 crore as of the June quarter of the previous financial year, of which roughly 65 percent was defence work. Against FY26 revenue of ₹5,022 crore that would be about four years of cover, more than Mazagon Dock’s one year and five months and less than HAL’s seven years and eight months. A year-old number is not a current one, and the absence of a fresh disclosure is a gap in what anyone can say about this company today.
What Moved It: Land in Kochi and Ships for a French Line
The nearer explanation for Monday’s move is five days old. On August 19 the Kerala government approved the lease of 18.16 acres at Kochi to Cochin Shipyard for a new ship block building facility, an investment of roughly ₹5,000 crore expected to create around 2,000 direct jobs. For a yard whose constraint has always been physical capacity rather than demand, that is a material change, and it is the kind of announcement that takes several sessions to work through a mid-cap register.
The second piece is commercial and has nothing to do with any ministry. Cochin Shipyard is building six 1,700 TEU dual-fuel LNG-powered container ships for CMA CGM, the French shipping line, with deliveries scheduled between 2029 and 2031. The Finnish supplier MacGregor was selected this month to provide the cargo handling and hatch cover systems for those vessels. Container ships for a European customer are not a defence order, do not require Cabinet clearance, and do not sit behind an American export licence.
That is the whole argument for owning this stock in August 2026. Bharat Electronics is waiting on the Cabinet Committee on Security. HAL is waiting on GE Aerospace. Mazagon is waiting on Project 75I. Cochin Shipyard is waiting on a Kerala land lease it has already been granted and a French customer that has already signed.
Cochin Shipyard Share Price: Levels and the Gap to the High
Monday’s close at ₹1,514 is the highest since August 13, and the day’s low of ₹1,480.50 doubled as the open, which makes it a clean support reference. Above, the 52-week high at ₹1,979.90 is 30.8 percent away, a distance no other name in this group has to travel.
| Date | Close (₹) | Change | Volume |
|---|---|---|---|
| August 18, 2026 | 1,485.10 | -0.20% | 4.13 lakh |
| August 19, 2026 | 1,485.00 | -0.01% | 3.34 lakh |
| August 20, 2026 | 1,489.00 | +0.27% | 3.52 lakh |
| August 21, 2026 | 1,480.50 | -0.57% | 3.83 lakh |
| August 24, 2026 | 1,514.00 | +2.26% | 8.51 lakh |
| NSE closing prices and volumes. Monday’s turnover was more than double the average of the four preceding sessions. | |||
The volume is the part worth watching. Cochin traded 8.51 lakh shares on Monday against roughly 3.7 lakh on each of the four sessions before it. A move of that size on more than double the turnover, in a stock that had been drifting, is the signature of someone deciding rather than someone drifting.
What cannot be established from one session is whether that decision has more behind it. The ₹5,000 crore Kochi facility is an investment, not an order, and it will absorb cash for years before it builds anything. The CMA CGM ships deliver from 2029. Neither does anything for the September quarter, in which ship repair revenue will either recover or it will not, and on that the company has said nothing at all.
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