Rs 21,400 crore order book: This Ship Building company bags a new order from the Indian Navy worth Rs 300 crore!
The stock has surged more than 70 per cent in the last one year.
On June 09, 2023, Cochin Shipyard Limited informed in the exchange filing that the company has been declared as L1 by the Indian Navy for MR/Mid Life Upgrade of an Indian Naval Ship. The estimated contract value is around Rs. 300 crores (approx.) and the estimated duration is around 24 months.
Cochin Shipyard Limited (CSL) is one of the leading players in the construction of all kinds of vessels, repairs, and refits of all types of vessels including periodic upgradation and life extension of ships. CSL has built & repaired some of the largest ships for its esteemed customers across the globe. It has exported some 45 ships to various clients outside India.
The company has developed its expertise from building bulk carriers to smaller ships and ships which are more advanced in terms of technology such as Platform Supply vessels, Anchor Handling, and Tug Supply Vessels.
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On Friday, the stock opened at Rs 541.80 and made a high and low of Rs 554.40 and Rs 533.80. The stock closed trading at Rs 540.30, down by 0.81 per cent. The stock has delivered multibagger returns of over 99 per cent in the last one year. The stock has a 52-week high of Rs 686.80 and a 52-week low of 296.45. The company has a ROCE of 8.50 per cent and an ROE of 6.57 per cent.
The company has a total order of Rs 21,400 crore and investors should keep a close eye on this stock.