Buy Cochin Shipyard, target price Rs 567: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Cochin Shipyard with a target price of Rs 567. The current market price of Cochin Shipyard is Rs 489.9. Prabhudas Lilladher recommended to keep stop loss at Rs 490.

Cochin Shipyard, incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 6471.13 Crore) operating in Defence sector.

Cochin Shipyard key Products/Revenue Segments include Indigenous Aircraft Carrier, Vessels, Ship Repairs and Other Operating Revenue for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 744.88 Crore, up 49.94 % from last quarter Total Income of Rs 496.77 Crore and up .93 % from last year same quarter Total Income of Rs 738.02 Crore. Company has reported net profit after tax of Rs 112.79 Crore in latest quarter.

The company’s top management includes Mr.Madhu S Nair, Mr.Sreejith Katayamkot Narayanan, Mr.Vikram Singh, Mr.Abhijit Biswas, Mr.M Venkatesan, Mr.Prithviraj Harichandan, Mr.Ashok Sharma, Mr.Nahar Singh Maheshwari, Mr.K R Jyothilal, Mrs.Amrapali Prashant Salve, Mr.Bejoy Bhasker, Mr.V J Jose. Company has Elias George & Co. as its auditors. As on 31-12-2022, the company has a total of 13 Crore shares outstanding.