Buy Cochin Shipyard, target price Rs 1250: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Cochin Shipyard with a target price of Rs 1250. The current market price of Cochin Shipyard is Rs 1038.

Cochin Shipyard Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 13946.57 Crore) operating in Defence sector.

Cochin Shipyard Ltd. key Products/Revenue Segments include Indigenous Aircraft Carrier, Ship Repairs, Vessels and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1114.11 Crore, up 1.25 % from last quarter Total Income of Rs 1100.41 Crore and up 67.57 % from last year same quarter Total Income of Rs 664.85 Crore. Company reported net profit after tax of Rs 244.38 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 72.86 per cent stake in the company as of 31-Dec-2023, while FIIs owned 4.11 per cent, DIIs 2.2 per cent.