On January 10, 2024, Cochin Shipyard made a significant announcement, opting for a stock split at a ratio of 1:2, which means shareholders received two shares for every existing share they held. The stock underwent this split from ₹1339 to ₹677 per share.
Post the stock split, Cochin Shipyard experienced a remarkable surge of nearly 18.75%, with the share price escalating from ₹677 to ₹803 in a single day. Notably, the stock’s upward momentum has been consistently strong, with a notable increase from ₹475 in November 2023 to ₹803 on January 10, 2024, marking a substantial gain of almost 69% in the past two months. This surge adds to the impressive overall performance, as Cochin Shipyard has seen a staggering gain of over 772% from its all-time low of ₹104.5 in March 2020.
In this article, we delve into a comprehensive analysis of Cochin Shipyard share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.
Table of Contents
About Cochin Shipyard Limited
Cochin Shipyard, established on 29 April 1972 in collaboration with M/s Mitsubishi Heavy Industries (M.H.I), Japan, holds a prominent position in the maritime industry. The shipyard embarked on its shipbuilding operations in 1978 and expanded to ship repairing processes in 1981. Over the years, Cochin Shipyard has shown expertise in the repair and upgradation of diverse vessels, catering to the needs of the oil exploration industry. The scope of its services extends to periodical repairs, life extension of ships for entities.
| Founded | 29 April 1972 |
| Owner | Govt Of India |
| Chairman & MD | Madhu S. Nair |
| Sector | largest shipbuilding and maintenance facility |
| Headquarters | Kochi, Kerala, India |
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Financial Details
| Market Cap | ₹ 21,130 Cr. | Stock P/E | 50.6 |
| ROCE | 8.66 % | ROE | 6.57 % |
| Debt to equity | 0.12 | Debt | ₹ 583 Cr. |
| FII Holding | 5.82 % | DII Holding | 2.24 % |
| EPS | ₹ 17.7 | Sales growth | -20.7 % |
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Financial Statement
| Particulars | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Net Sales | 2,330 | 3,190 | 2,819 | 3,422 | 2,966 |
| Total Expenditure | 2,057 | 2,555 | 2,092 | 2,708 | 2,392 |
| Profit After Tax | 334 | 587 | 610 | 638 | 481 |
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Technical Analysis of Cochin Shipyard Ltd
The immediate short-term target for Cochin Shipyard is set at ₹840. Following this milestone, a corrective pullback is anticipated, with the stock expected to retreat to a range between ₹772 and ₹760. The consolidation within this price band will serve as a crucial juncture, allowing for a more informed decision regarding the opportune moment to take a position in the stock.
15, 50, 100, 200 EMA Value
The Exponential Moving Average (EMA) serves as a dynamic indicator tracking the price movement of stocks. When a stock significantly deviates from its 200 EMA, a corrective pullback is anticipated to bring it closer to this moving average. In the case of Cochin Shipyard, with a significant gap between its current price at ₹803 and the 200 EMA at ₹448, there is a need for consolidation. Therefore, it is suggested that Cochin Shipyard consolidates in the range of ₹772 to ₹760 before making any further significant movements. This consolidation phase aims to narrow the gap and establish a more balanced position relative to the 200 EMA.
| EMA | Value |
|---|---|
| 15 Days | 650 |
| 50 Days | 597 |
| 100 Days | 534 |
| 200 Days | 448 |
Table of Share Price Target For Cochin Shipyard Ltd
| Year | Min Target | Max Target |
|---|---|---|
| 2024 | ₹ 928 | ₹ 950 |
| 2025 | ₹ 1008 | ₹ 1022 |
| 2026 | ₹ 1083 | ₹ 1095 |
| 2027 | ₹ 1108 | ₹ 1130 |
| 2030 | ₹ 1400 | ₹ 1570 |
| 2040 | ₹ 4230 | ₹ 4360 |
| 2050 | ₹ 12,390 | ₹ 13,302 |
Cochin Shipyard Ltd share price target for 2024:
Minimum Target: ₹928
Maximum Target: ₹950
In the upcoming year, the company is anticipated to maintain a price range between ₹928 and ₹950.
Cochin Shipyard Ltd share price target for 2025:
Minimum Target: ₹1008
Maximum Target: ₹1022
Moving into 2025, the projected price range widens, reaching between ₹1008 and ₹1022.
Cochin Shipyard Ltd share price target for 2026:
Minimum Target: ₹1083
Maximum Target: ₹1095
Further into the future, specifically in 2026, the anticipated price range expands to ₹1083 to ₹1095.
Cochin Shipyard Ltd share price target for 2027:
Minimum Target: ₹1108
Maximum Target: ₹1130
By 2027, the company’s share price is expected to aim for a range of ₹1108 to ₹1130.
Cochin Shipyard Ltd share price target for 2030:
Minimum Target: ₹1400
Maximum Target: ₹1570
Looking ahead to 2030, the minimum and maximum targets extend to ₹1400 and ₹1570, respectively.
Cochin Shipyard Ltd share price target for 2040:
Minimum Target: ₹4230
Maximum Target: ₹4360
In the long term, by 2040, the company is anticipated to potentially reach a price range between ₹4230 and ₹4360.
Cochin Shipyard Ltd share price target for 2050:
Minimum Target: ₹12,390
Maximum Target: ₹13,302
Projected into 2050, the minimum and maximum targets suggest a potential price range of ₹12,390 to ₹13,302.
Positive and Negative Points of Cochin Shipyard Ltd
Positive
- There are no considerable positive points of the company.
Negative
- Company has delieverd poor sales growth of -0.26% over past five years.
- Company has delivered poor sales growth of -12.0 % over last three years.
- Company Return on Equity (ROE) stands at 6.57%, falling below our qualifying benchmark of at least 15%.
- Company Return on Capital Employed (ROCE) is reported at 8.66%, also below the preferred threshold of at least 15%.
- Company have contigent liabilities of ₹ 1,734 Cr.
Conclusion – Buy Or Not
The company witnessed a significant surge of over 19% in a single day following the news of a stock split on January 10, 2024. Considering this rapid increase, it would be wise to avoid the stock before it gives a considerable pullback. It is advisable to monitor the stock’s performance and wait for a potential pullback to the range of ₹772 to ₹760 after at least one month of consolidation. This period will allow for a more stable evaluation of the stock’s movements and may present a favorable opportunity to consider buying within the specified price range.
Disclaimer
Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls.. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.
Q1: What are the minimum and maximum share price targets for Cochin Shipyard Ltd in 2024?
A1: The minimum target for Cochin Shipyard Ltd’s share price in 2024 is ₹928, while the maximum target is ₹950.
Q2: What are the minimum and maximum targets for Cochin Shipyard Ltd’s share price in 2025?
A2: For 2025, the minimum target is ₹1008, and the maximum target is ₹1022.
Q3: How does the anticipated price range expand in 2026?
A3: Further into the future, specifically in 2026, the anticipated price range expands to ₹1083 to ₹1095.
Q4: What is the expected price range for Cochin Shipyard Ltd in 2027?
A4: The company’s share price is expected to aim for a range of ₹1108 to ₹1130 in 2027.
Q5: How does the price range evolve for Cochin Shipyard Ltd in 2030?
A5: In 2030, the minimum and maximum targets extend to ₹1400 and ₹1570, respectively.
