With a market valuation of Rs. 8,412.67 crore, Cochin Shipyard Limited is a medium sized company dealing in the industrial sector. Cochin Shipyard is one of the top shipbuilding and repair yards in India. One of the top 10 Public Sector Undertakings in India, the corporation enjoys the status of Miniratna CPSE. Shareholders need to be informed that the firm has released its Q2 result as well as dividend of 7 per share.
The company said in a stock exchange filing that its board of directors has “declared an interim dividend of Rs. 7.00 per equity share. 10 each fully paid (70%) for the financial year 2022-23; and scheduled Tuesday, 22 November, 2022 as the record date for the aforesaid interim dividend.
On a consolidated basis, the company has declared net sales of 683.18 crore in Q2FY23 as compared to Rs. 696.14 crores were posted in Q2FY22, representing a decline of 1.86%. The company declared a net profit of Rs. 112.79 crore in Q2FY23 as compared to Rs. 131.31 Cr posted in Q2FY22, representing a YoY decline of 14.1%. The company’s EPS was as compared to 8.57 in Q2FY23 9.98 per share posted in the year-ago quarter.
Shares of Cochin Shipyard Limited on Friday Closes at 644.80, up 9.90% from previous close 586.70. In its previous trading session, the stock recorded a total volume of 5,405,172 shares as compared to the 20-day average volume of 2,332,735 shares. The stock has gained 16.34% over the past five years and 56.84% over the past three years. The stock has climbed 73.17% over the past year, and on a year-over-year basis, it is up 81.43% in 2022.
The stock has given multibagger return of 104.57% during last six months, and has gained 23.57% over the last month. The stock touched a 52-week high at 654.60 (11-Nov-2022) and 52-week low 280.75 at (08-Mar-2022), indicating that the stock was seen trading up 129.67% from the low after making a new 1-year high on Monday. For the quarter ended September or Q2FY23, the company registered promoter shareholding of 72.86%, FII holding of 3.68%, DII holding of 4.96% and public holding of 18.48%.
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