Cochin Shipyard share worth rose as a lot as 2 per cent to ₹1,920.30 apiece in Monday’s buying and selling session after the corporate introduced that it has secured a brand new contract from Oil and Pure Gasoline Company Restricted (ONGC), on Wednesday.
Cochin Shipyard shares have given important returns to each its long-term and short-term buyers regardless of volatility in Indian inventory market. The inventory has given whopping 44 per cent returns in six months and 12 per cent in a single 12 months. Cochin Shipyard inventory has confirmed to be a multibagger inventory by hovering over 1,023.53 per cent in 5 years.
Cochin Shipyard new contract particulars
In an trade submitting dated September 17, Cochin Shipyard stated that the corporate has received a brand new contract from ONGC for Dry dock/ Main Lay-up repairs of one in all it’s Jack Up Rig, price ₹200 crore.
“We wish to inform that Cochin Shipyard Restricted (CSL) on September 17, 2025 has signed a contract with the Oil and Pure Gasoline Company Restricted (ONGC), for Dry dock/ Main Lay-up repairs of one in all it’s Jack Up Rig,” the corporate stated within the submitting.
In line with the trade submitting, the venture is anticipated to be accomplished in round 12 months.
The settlement represents a serious achievement for Cochin Shipyard within the premium offshore engineering section, strengthening its standing as a trusted accomplice for public sector enterprises within the oil and gasoline trade.
In its regulatory disclosure, the corporate emphasised that the contract isn’t a related-party transaction and confirmed that none of its promoter group entities maintain any curiosity in ONGC, the awarding authority.
For the June quarter 2025, the corporate’s internet revenue rose 7.9 per cent year-on-year (YoY) to ₹187.8 crore, in comparison with ₹174 crore in the identical interval final 12 months.
Quarterly income jumped 38.5 per cent to ₹1,068 crore, up from ₹771.5 crore in Q1FY25.
On the working entrance, EBITDA climbed 35.7 per cent to ₹241.3 crore from ₹177.8 crore a 12 months earlier, whereas EBITDA margin declined by 50 foundation factors to 22.5 per cent from 23 per cent within the corresponding quarter final 12 months.
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