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The President of India, acting through the Ministry of Ports, Shipping and Waterways, had initially offered up to 66.29 lakh equity shares, representing 2.52% of the company's paid-up equity share capital, with an option to sell an additional 66.29 lakh shares under the oversubscription option.
Following strong demand from institutional investors, the government exercised the oversubscription option in full, taking the total offer size to 1.33 crore equity shares, representing 5.04% of Cochin Shipyard's paid-up equity share capital.
Of the total offer, around 13.26 lakh shares, or 10%, were reserved for retail investors, while 26,308 shares were earmarked for eligible employees. Eligible employees were permitted to bid for shares worth up to Rs 5 lakh, with preferential allocation for applications up to Rs 2 lakh.
At the close of bidding on 8 July 2026, the retail portion received bids for 1.16 lakh shares, translating into a 8.76% subscription of the revised retail offer comprising 13.26 lakh shares. All retail bids were backed by 100% margin.
The non-retail portion had received bids for 2.10 crore shares on 7 July 2026, resulting in full subscription of the revised non-retail allocation. Of these, bids for 96.46 lakh shares were backed by 100% margin, while bids for 1.14 crore shares were placed without margin. The indicative clearing price stood at Rs 1,415 per share.
Cochin Shipyard is a leading player in the construction of all kinds of vessels and the repair and refit of all types of vessels, including periodic upgrades and life extensions of ships.
The company reported a 3.72% decline in consolidated net profit to Rs 276.48 crore on a 15.55% fall in revenue from operations to Rs 1,484.27 crore in Q4 FY26 over Q4 FY25.
The OFS opened for non-retail investors on Tuesday, 7 July 2026, while retail investors, eligible employees and non-retail investors opting to carry forward unallotted bids can participate on Wednesday, 8 July 2026.
The floor price for the OFS has been fixed at Rs 1,400 per share, implying a discount of 6.96% to the previous day's closing price of Rs 1,504.75 on the BSE.
Of the base offer, 59.67 lakh shares have been reserved for non-retail investors and 6.63 lakh shares for retail investors. Including the oversubscription option, the non-retail portion may increase to 1.19 crore shares, while the retail allocation may rise to 13.26 lakh shares.
According to BSE data, the offer received bids for 95,750 shares as of 10:45 a.m IST on the first day, translating into 1.60% subscription of the base non-retail portion of 59.67 lakh shares. Of these, bids for 31,350 shares were received under the 100% margin category and 64,400 shares under the 0% margin category. The indicative bid price stood at Rs 1,402.17 per share.The retail bidding window is scheduled to open on 8 July.
The OFS also includes a reservation of up to 26,308 shares for eligible employees. Employees can bid for shares worth up to Rs 5 lakh under the offer.
Profit before tax rose 4.81% YoY to Rs 402.57 crore in Q4 FY26, compared with Rs 384.06 crore in the corresponding quarter last year.
Total expenses tanked 19.07% YoY to Rs 1,238.75 crore during the quarter. The cost of materials consumed was at Rs 719.20 crore (up 2.54% YoY), while employee benefits expenses stood at Rs 128.03 crore (up 9.35% YoY) during the period under review.
On the segmental front, revenue from shipbuilding stood at Rs 1,154.49 crore (up 25.32% YoY), while revenue from ship repair stood at Rs 329.78 crore (down 60.57% YoY) during the quarter.
The board has recommended a final dividend of Rs 1.5 per equity share having a face value of Rs 5 each for FY26.
For the full year,net profit declined 13.37% to Rs 716.74 crore in the year ended March 2026 as against Rs 827.33 crore during the previous year ended March 2025. Sales rose 4.19% to Rs 5021.87 crore in the year ended March 2026 as against Rs 4819.96 crore during the previous year ended March 2025.
The Cabinet Committee on Economic Affairs today has approved the development of a state‑of‑the‑art Ship Repair Facility at Vadinar, Gujarat, marking a major expansion of the national ship repair ecosystem.
The project will be jointly implemented under the aegis of the Ministry of Ports, Shipping and Waterways (MoPSW), Government of India, by Deendayal Port Authority (DPA) and Cochin Shipyard Limited (CSL), with a combined investment of Rs.1,570 crore. DPA will develop the civil infrastructure, including jetties, at an estimated cost of Rs. 650 crore and CSL will bring in the ship repair infrastructure including two large floating docks costing about Rs. 920 crore and operate the facility. Both works are planned for completion within 36 months.
The project is planned as a brownfield facility with a 650 metres jetty, two large floating dry docks, workshops and associated marine infrastructure. Vadinar's natural deep draft, connectivity to major shipping routes, and proximity to key ports such as Mundra and Kandla make it an optimal location for repair operations, particularly for large commercial and foreign‑flagged vessels.
The shipbuilder stated that the estimated total order value is around Rs 5,000 crore. It added that the final award of the contract is subject to completion of necessary formalities, and further updates will be shared in due course.
The company reported an 18.3% decline in consolidated net profit to Rs 144.67 crore on a 17.7% rise in revenue from operations to Rs 1,350.41 crore in Q3 FY26 over Q3 FY25.
Cochin Shipyard Ltd rose 5.82% today to trade at Rs 1553.6. The BSE Capital Goods index is up 0.31% to quote at 69168.33. The index is up 8.16 % over last one month. Among the other constituents of the index, Kirloskar Oil Engines Ltd increased 2.17% and Elgi Equipments Ltd added 1.29% on the day. The BSE Capital Goods index went up 21.21 % over last one year compared to the 9.48% surge in benchmark SENSEX.
Cochin Shipyard Ltd has added 1.77% over last one month compared to 8.16% gain in BSE Capital Goods index and 0.45% drop in the SENSEX. On the BSE, 36530 shares were traded in the counter so far compared with average daily volumes of 1.02 lakh shares in the past one month. The stock hit a record high of Rs 2547.25 on 06 Jun 2025. The stock hit a 52-week low of Rs 1180.45 on 18 Feb 2025.