Cochin Shipyard shares fall 6.9% as Q2 profit halves and borrowings surge
The state-owned shipbuilder reported an EBIT loss in its core division and a 62% rise in debt, dragging the stock down despite sector gains.
The state-owned shipbuilder reported an EBIT loss in its core division and a 62% rise in debt, dragging the stock down despite sector gains. Published 2026-11-11 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
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Shares in Cochin Shipyard Limited fell 6.90% on Wednesday after the company reported that second-quarter profit halved. The state-owned shipbuilder cited an EBIT loss in its shipbuilding division and a sharp rise in borrowings, which overshadowed a 12% growth in top-line revenue.
EBIT loss drags margins
Cochin Shipyard reported that its profit for the quarter ended September fell by roughly half compared to the same period last year. The company also said that borrowings increased sharply by 62% from the previous year. At the end of the quarter, the shipbuilding division’s weak profitability resulted in an EBIT loss, which weighed on overall margins.
Cochin Shipyard said the top line grew by 12% during the quarter. However, the profit decline and increased debt overshadowed the revenue growth. The company’s shares touched an intraday low of Rs 1,186.50 on the NSE, a decline of approximately 8.02% from the previous close of Rs 1,290.
Antique cuts price target
Antique Stock Broking cut its price target for the stock, citing the weak profitability in the shipbuilding division. The firm said the EBIT loss in that segment weighed on overall margins. The broker’s action added to the downward pressure on the shares.
Cochin Shipyard shares have fallen 26% in 2026. The stock is currently 29.0% below its 52-week high of 1,843.6 INR. The company’s stability rating is Unstable, with annualised volatility of 37.1% compared to 13.9% for the benchmark.
Company factors drive decline
In the latest session, the BSE SENSEX rose 0.1% and the NIFTY Infrastructure index gained 0.2%. Cochin Shipyard’s fall was driven by company-specific factors, which accounted for 5.4% of the move. The market and sector components contributed 0.1% each.
The stock has risen 10.6% over the past five days but has fallen 27.2% over the past year. Falling Shares rates the stock Unstable, noting six sessions with moves of 5% or more in the past six months. The stock is also 10.6% below its 200-day average, with the 50-day average below the 200-day average.