Cochin Shipyard Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Revenue

Q4 FY25Revenue growth of 20-25% in FY26Tracked

Management expects top-line growth of 20-25% for FY2024-25, driven by strong order book and execution.

Q1 FY26Revenue growth of 14-15% for FY26Active

Management guided top-line growth of 14-15% for the current financial year.

Q1 FY26Ship repair revenue of ~INR 1,500 crore in FY26Active

Ship repair revenue expected to be around INR 1,500 crore for FY26.

Q1 FY26ISRF to generate INR 250 crore extra revenue in 18-24 monthsTracked

The new International Ship Repair Facility is expected to generate about INR 250 crore of additional revenue in the initial 18-24 months, scaling to INR 600+ crore at full capacity.

Margins

Q4 FY25EBITDA margin guidance of 17-19%Tracked

Blended EBITDA margin expected to be in the 17-19% range, with ship repair margins around 22-23%.

Q1 FY26PAT margin of ~15% for FY26Active

Management guided PAT margin around 15% for the full year.

Capex

Q4 FY25Additional depreciation of INR 125-150 crore from new facilitiesTracked

Depreciation from ISRF and new dry dock (total CapEx ~INR 2,800 crore) will be around INR 125-150 crore annually.

Expansion

Q4 FY25Global operating partner for ISRF to be appointedActive

A global tender for an operating partner for the International Ship Repair Facility will be issued shortly.