Cochin Shipyard Ltd Share Price – NSE  / BSE

Aerospace & Defence, Small Cap

Through the OFS, the Government of India proposes to sell up to 65,77,020 equity shares (representing 2.5% stake), with an option to sell an additional 2.5% stake or 65,77,020 equity shares in case of oversubscription.

The floor price for the sale has been set at Rs 1,540, a 7.9% discount to the stock's closing price of Rs 1672 on Tuesday, 15 October 2024.

The total OFS size (base size + green shoe) stands at 1,31,54,040 shares, representing 5% of outstanding equity shares of the company, the value of which (at floor price) aggregates to Rs 2025.72 crore.

The Government of India held 72.86% stake in Cochin Shipyard as of June 2024.

The OFS opened on Wednesday (16 October 2024) for non-retail investors, while both retail as well as non-retail investors will be able to subscribe on Thursday (17 October 2024).

As on 13:20 IST, the OFS received subscription for 18,36,543 shares. It was subscribed 31.03% on the base non-retail offer size of 59,19,318 shares and 13.96% on the total non-retail offer size (base size + green shoe) of 1,31,54,040 shares.

Cochin Shipyard is engaged in shipbuilding & ship repair. Its consolidated net profit surged 76.62% to Rs 174.24 crore while revenue from operations climbed 62.12% to Rs 771.47 crore in Q1 FY25 over Q1 FY24.

Powered by Capital Market - Live News

Cochin Shipyard announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.

Powered by Capital Market - Live News

Revenue from operations climbed 62.12% year on year (YoY) to Rs 771.47 crore in the quarter ended 30 June 2024.

Profit before tax for the June quarter was at Rs 235.82 crore, up 71.68% from Rs 137.36 crore reported in Q1 FY24.

Total expenses spiked 46.63% YoY to Rs 619.66 crore during the quarter. Cost of materials consumed was at Rs 316.66 crore (up 90.31% YoY) while employee benefits expense stood at Rs 99.89 crore (up 15.29% YoY) during the period under review.

On segmental front, revenue from ship repair stood at Rs 244.78 crore (up 62.88% YoY) while revenue from ship building stood at Rs 526.70 crore (up 61.77% YoY) during the quarter.

Cochin Shipyard is engaged in shipbuilding & ship repair. As on 30 June 2024, the Government of India held 72.86% total voting right in the company.

Powered by Capital Market - Live News

Net profit of Cochin Shipyard rose 76.62% to Rs 174.24 crore in the quarter ended June 2024 as against Rs 98.65 crore during the previous quarter ended June 2023. Sales rose 62.12% to Rs 771.47 crore in the quarter ended June 2024 as against Rs 475.86 crore during the previous quarter ended June 2023.

Powered by Capital Market - Live News