Cochin Shipyard Limited (COCHINSHIP) - Net Assets
Based on the latest financial reports, Cochin Shipyard Limited (COCHINSHIP) has net assets worth Rs58.73 Billion INR (≈ $635.12 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs145.31 Billion ≈ $1.57 Billion USD) and total liabilities (Rs86.58 Billion ≈ $936.32 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check COCHINSHIP PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs58.73 Billion |
| % of Total Assets | 40.42% |
| Annual Growth Rate | 13.34% |
| 5-Year Change | 33.68% |
| 10-Year Change | 189.14% |
| Growth Volatility | 14.25 |
Cochin Shipyard Limited - Net Assets Trend (2012–2026)
This chart illustrates how Cochin Shipyard Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Cochin Shipyard Limited worth.
Annual Net Assets for Cochin Shipyard Limited (2012–2026)
The table below shows the annual net assets of Cochin Shipyard Limited from 2012 to 2026. Also explore Cochin Shipyard Limited (COCHINSHIP) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs58.73 Billion ≈ $635.12 Million |
+5.26% |
| 2025-03-31 | Rs55.79 Billion ≈ $603.38 Million |
+11.51% |
| 2024-03-31 | Rs50.03 Billion ≈ $541.09 Million |
+13.00% |
| 2023-03-31 | Rs44.28 Billion ≈ $478.83 Million |
+0.78% |
| 2022-03-31 | Rs43.93 Billion ≈ $475.11 Million |
+8.92% |
| 2021-03-31 | Rs40.33 Billion ≈ $436.20 Million |
+8.34% |
| 2020-03-31 | Rs37.23 Billion ≈ $402.62 Million |
+11.67% |
| 2019-03-31 | Rs33.34 Billion ≈ $360.55 Million |
+2.23% |
| 2018-03-31 | Rs32.61 Billion ≈ $352.68 Million |
+60.56% |
| 2017-03-31 | Rs20.31 Billion ≈ $219.66 Million |
+18.05% |
| 2016-03-31 | Rs17.21 Billion ≈ $186.07 Million |
+10.07% |
| 2015-03-31 | Rs15.63 Billion ≈ $169.04 Million |
+4.90% |
| 2014-03-31 | Rs14.90 Billion ≈ $161.15 Million |
+21.75% |
| 2013-03-31 | Rs12.24 Billion ≈ $132.36 Million |
+20.30% |
| 2012-03-31 | Rs10.17 Billion ≈ $110.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cochin Shipyard Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs1.32 Billion | 2.24% |
| Other Comprehensive Income | Rs57.41 Billion | 97.76% |
| Total Equity | Rs58.73 Billion | 100.00% |
Cochin Shipyard Limited Competitors by Market Cap
The table below lists competitors of Cochin Shipyard Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Unifirst Corporation
NYSE:UNF
|
$3.80 Billion |
|
Envista Holdings Corp
NYSE:NVST
|
$3.81 Billion |
|
Co-Tech Development
TWO:8358
|
$3.81 Billion |
|
Sezzle Inc.
NASDAQ:SEZL
|
$3.81 Billion |
|
NEXI SPA (UNSP.ADR)/1
F:N0X0
|
$3.79 Billion |
|
Qualys Inc
NASDAQ:QLYS
|
$3.79 Billion |
|
Endeavour Group Ltd
AU:EDV
|
$3.79 Billion |
|
Holmen AB (publ)
ST:HOLM-B
|
$3.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cochin Shipyard Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 55,792,603,000 to 58,727,572,000, a change of 2,934,969,000 (5.3%).
- Net income of 7,167,395,000 contributed positively to equity growth.
- Dividend payments of 2,565,038,000 reduced retained earnings.
- Other comprehensive income increased equity by 54,837,529,000.
- Other factors decreased equity by 56,504,917,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs7.17 Billion | +12.2% |
| Dividends Paid | Rs2.57 Billion | -4.37% |
| Other Comprehensive Income | Rs54.84 Billion | +93.38% |
| Other Changes | Rs-56.50 Billion | -96.22% |
| Total Change | Rs- | 5.26% |
Book Value vs Market Value Analysis
This analysis compares Cochin Shipyard Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.98x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 34.50x to 5.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | Rs38.67 | Rs1334.30 | x |
| 2013-03-31 | Rs46.52 | Rs1334.30 | x |
| 2014-03-31 | Rs65.77 | Rs1334.30 | x |
| 2015-03-31 | Rs68.99 | Rs1334.30 | x |
| 2016-03-31 | Rs126.57 | Rs1334.30 | x |
| 2017-03-31 | Rs149.42 | Rs1334.30 | x |
| 2018-03-31 | Rs254.60 | Rs1334.30 | x |
| 2019-03-31 | Rs247.12 | Rs1334.30 | x |
| 2020-03-31 | Rs141.52 | Rs1334.30 | x |
| 2021-03-31 | Rs153.31 | Rs1334.30 | x |
| 2022-03-31 | Rs166.98 | Rs1334.30 | x |
| 2023-03-31 | Rs168.27 | Rs1334.30 | x |
| 2024-03-31 | Rs190.16 | Rs1334.30 | x |
| 2025-03-31 | Rs212.09 | Rs1334.30 | x |
| 2026-03-31 | Rs223.20 | Rs1334.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cochin Shipyard Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.27%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.47x
- Recent ROE (12.20%) is below the historical average (13.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 15.27% | 11.04% | 0.54x | 2.56x | Rs535.86 Million |
| 2013 | 21.81% | 15.87% | 0.70x | 1.96x | Rs1.45 Billion |
| 2014 | 4.65% | 4.38% | 0.53x | 2.01x | Rs-797.26 Million |
| 2015 | 4.43% | 4.38% | 0.55x | 1.85x | Rs-870.29 Million |
| 2016 | 16.96% | 14.66% | 0.57x | 2.04x | Rs1.20 Billion |
| 2017 | 15.37% | 15.16% | 0.62x | 1.63x | Rs1.09 Billion |
| 2018 | 12.18% | 16.83% | 0.43x | 1.68x | Rs708.09 Million |
| 2019 | 14.36% | 16.12% | 0.57x | 1.58x | Rs1.45 Billion |
| 2020 | 16.98% | 18.46% | 0.53x | 1.72x | Rs2.60 Billion |
| 2021 | 15.09% | 21.59% | 0.37x | 1.86x | Rs2.05 Billion |
| 2022 | 12.84% | 17.67% | 0.38x | 1.92x | Rs1.25 Billion |
| 2023 | 6.88% | 12.89% | 0.24x | 2.26x | Rs-1.38 Billion |
| 2024 | 15.66% | 20.45% | 0.32x | 2.41x | Rs2.83 Billion |
| 2025 | 14.83% | 17.16% | 0.36x | 2.40x | Rs2.69 Billion |
| 2026 | 12.20% | 14.27% | 0.35x | 2.47x | Rs1.29 Billion |
Industry Comparison
This section compares Cochin Shipyard Limited's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $54,223,119,111
- Average return on equity (ROE) among peers: 16.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cochin Shipyard Limited (COCHINSHIP) | Rs58.73 Billion | 15.27% | 1.47x | $3.80 Billion |
| Apollo Micro Systems Limited (APOLLO) | $3.84 Billion | 4.88% | 0.80x | $1.52 Billion |
| Bharat Dynamics Limited (BDL) | $19.56 Billion | 27.00% | 2.37x | $4.57 Billion |
| Bharat Electronics Limited (BEL_old) | $59.05 Billion | 14.35% | 1.55x | $29.41 Billion |
| Data Patterns (India) Limited (DATAPATTNS) | $11.67 Billion | 10.62% | 0.23x | $2.67 Billion |
| DCX Systems Limited (DCXINDIA) | $1.18 Billion | 55.79% | 7.02x | $197.94 Million |
| Garden Reach Shipbuilders & Engineers Limited (GRSE) | $10.40 Billion | 15.72% | 4.18x | $2.90 Billion |
| Hindustan Aeronautics Limited (HAL) | $349.85 Billion | 23.91% | 2.04x | $34.63 Billion |
| Mazagon Dock Shipbuilders Limited (MAZDOCK) | $32.14 Billion | 16.57% | 5.48x | $9.64 Billion |
| Sigma Advanced Systems Limited (MEGASOFT) | $314.91 Million | -20.40% | 1.29x | $3.08 Billion |
About Cochin Shipyard Limited
Cochin Shipyard Limited, together with its subsidiaries, engages in the building and repair of ships and offshore structures in India and internationally. It operates through two segments, Shipbuilding and Ship Repair. The company offers shipbuilding products, including aircraft carriers, missile vessels, anti-submarine warfare shallow water crafts, technology demonstration vessels, floating bord… Read more