Buy Cochin Shipyard, target price Rs 425: ICICI Securities

ICICI Securities has buy call on Cochin Shipyard Ltd. with a target price of Rs 425. The current market price of Cochin Shipyard is Rs 378. Time period given by analyst is 3 months when Cochin Shipyard Ltd. price can reach defined target.

Cochin Shipyard Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 4988.67 Crore) operating in Defence sector.

Cochin Shipyard Ltd. key Products/Revenue Segments include Indigenous Aircraft Carrier, Ship Repairs, Vessels, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 496.77 Crore, down -62.49 % from last quarter Total Income of Rs 1324.26 Crore and up 32.39 % from last year same quarter Total Income of Rs 375.25 Crore. Company reported net profit after tax of Rs 42.18 Crore in latest quarter.