Cochin Shipyard shares fall 6.8% as Q2 profit halves and borrowings surge
The state-owned builder reported a sharp rise in borrowings and an EBIT loss in its shipbuilding division, prompting an analyst downgrade.
The state-owned builder reported a sharp rise in borrowings and an EBIT loss in its shipbuilding division, prompting an analyst downgrade. Published 2026-11-12 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Shares in Cochin Shipyard Limited fell 6.82% on Thursday after the state-owned shipbuilder reported that second-quarter profit halved. The decline followed weak operating results that included a 62% surge in borrowings and an EBIT loss in the shipbuilding segment. The stock now sits 28.9% below its 52-week high.
Profit halves as borrowings surge
Cochin Shipyard reported a sharp contraction in earnings for the quarter ended September, with profit falling by approximately half. The company also saw its borrowings increase by 62% compared to the same period last year, according to media reports covering the results.
Antique Stock Brokers cut its price target for the stock, citing the Shipbuilding division’s weak profitability. The firm noted that the division generated an EBIT loss, which weighed on the company’s overall margins during the period.
The stock touched an intraday low of Rs 1,186.50 on Wednesday, down from the previous close of Rs 1,290. This represented a decline of Rs 103.50 per share, or approximately 8.02%, before the session closed.
Stock underperforms peers and history
By Falling Shares' measure, almost all of the latest move was company-specific. The stock dropped 5.5% on company factors, while the broader market and the NIFTY Infrastructure sector each rose by 0.1% in the same session.
Cochin Shipyard’s shares have lost 27.5% over the past year and are down 15.0% over three months. The stock is currently trading 28.9% below its 52-week high of 1,842.8 INR, having previously touched a low of 1,101.2 INR.
Falling Shares rates the stock Unstable, citing annualised volatility of 39.0% against a benchmark of 13.4%. The rating also reflects five sessions with moves of 5% or more in the past six months.
Earnings estimates face downward pressure
Analysts have revised their expectations for the company’s earnings lower. Consensus EPS for the current year has been cut by 9.0% over the past 90 days, falling from 35.60 to 32.40.
The company has missed EPS estimates in three of the last four quarters. Falling Shares flags a long-term trend risk, noting the stock is 10.5% below its 200-day average with the 50-day average below the 200-day average.
Cochin Shipyard’s market capitalisation stands at 316.22 billion INR. Trading volume reached 8,506,346 shares in the latest session.