Cochin Shipyard Ltd. (CSL) has set an ambitious goal of doubling its revenue by 2030–31, with management guiding for topline growth of 14–15% in the current financial year. Net profit margins are expected to remain around 15% this year, though margins in the ship repair segment are unlikely to sustain at present levels. The shipbuilding segment is expected to deliver margins of 10–12%.
Revenue from ship repair is projected at about ₹1,500 crore this fiscal, with its share of overall business set to decline. In the June quarter, shipbuilding contributed 36% of revenue, down from 66% a year earlier, while ship repair rose to 64% from 34% in the same period.
For Q1 FY26, CSL reported a 38% year-on-year increase in revenue to ₹977 crore, while EBITDA rose 28% to ₹234 crore, despite higher subcontracting costs and provisions. The company’s order book stood at ₹21,100 crore at the end of June, down 6% from ₹22,500 crore last year. Defence orders accounted for 65% of the total, followed by commercial–export (20%), commercial–domestic (8%), and ship repair (7%).
