Cochin Shipyard Limited – Investor Presentation Summary

Key Operational Highlights

  • CSL Group turnover is approximately USD 600 Million (Rs. 5000 crores).
  • The company has expanded from 1 unit in 2017 to 7 units in 2024.
  • In FY26, the Ship Repair segment handled 163 projects.
  • The company holds an approximate 45% market share in the Indian ship repair market.

Key drivers of operational performance: Strategic expansion through subsidiaries and dedicated ship repair units across India.

Segment-wise Performance

  • Defence Segment: 11 vessels in order book with balance order value of Rs. 11,900 crores.
  • Commercial - Domestic Segment: 36 vessels in order book with balance order value of Rs. 1,600 crores.
  • Commercial - Export Segment: 31 vessels in order book with balance order value of Rs. 7,200 crores.
  • Ship Repair Segment: Order book of approximately Rs. 1,200 crores.

Explanation of significant changes in segment performance: The defence segment constitutes the largest portion of the order book, indicating a strategic focus on naval contracts.

Order Book Position

  • Total Order Book: Rs. 21,900 Crs. (Approx.) comprising 78 vessels and ship repair orders.
  • The company has been declared L1 for 5 Next Generation Survey Vessels for the Indian Navy with an approximate value of Rs. 5,000 Crs.

Geographical Revenue Split

Not Specified

Infrastructure & Capex Overview

  • Investment in 2 Wholly owned Subsidiaries: Rs. 345 crores.
  • Hooghly Cochin Shipyard Limited (HCSL), Howrah, West Bengal: Investment of Rs. 227 Crs., FY26 Turnover Rs. 123 Crs., Order book ~Rs.200 Crs.
  • Udupi Cochin Shipyard Limited (UCSL), Udupi, Karnataka: Investment of Rs. 118 Crs., FY26 Turnover Rs. 618 Crs., Order book ~Rs.2,100 Crs.
  • Investment in 3 Shiprepair Units on Lease: Rs. 115 crores.
  • CSL Mumbai Ship Repair Unit (CMSRU): Investment Rs. 70 Crs., FY26 Turnover Rs.209 Crs.
  • CSL A&N Ship Repair Unit (CANSRU): Investment Rs. 5 Crs., FY26 Turnover Rs.228 Crs.
  • CSL Kolkata Ship Repair Unit (CKSRU): Investment Rs. 40 Crs., FY26 Turnover Rs. 100 Crs.
  • Investment in 2 New core facilities at Kochi: Rs. 2,770 crores for a New Large Drydock and an International Ship Repair Facility.

Strategic & R&D Initiatives

  • Investing in Marine Electrification Technologies: A JV Agreement was entered with HBL in March 2026 for developing electric mobility technology and energy storage solutions. The JV Company was formed in June 2026.
  • Acquiring Stake in an Overseas Ship Design Company: The company is acquiring a 23% stake in Conoship International Holding B.V., Netherlands to tap business opportunities in coastal shipping and inland waterways.
  • CSL Tuticorin Hybrid Shipyard: The company has paid Rs. 280 Crs. (Excl. tax) for 110.14 Acres Land & 17.29 Acres Water Front at VOCPA Tuticorin, with possession planned in phases through 2027.

Emerging Investment Opportunities

  • Brownfield Expansions: Planned CAPEX of Rs. 4,100 Crs. for a new Block Fabrication facility and additional infra at CSL from 2026-2030.
  • New Shiprepair Clusters: Planned CAPEX of Rs. 2,420 Crs. for the Kochi cluster (2026-2029) and a proposed Rs. 1,570 Crs. investment for the Vadinar cluster (2027-2028) in a collaborative project with DPA (Kandla Port).

Management Commentary & Growth Outlook

Not Specified