Rs 21,100 crore order book: Marine-related repair works company bags order of Rs 200 crore from Oil and Natural Gas Corporation Ltd (ONGC)

Cochin Shipyard Limited (CSL) has secured a significant contract with the Oil and Natural Gas Corporation Limited (ONGC) for the dry dock/major lay-up repairs of one of its Jack-Up Rigs. The contract, signed on September 17, 2025, is valued at approximately Rs 200 crore and is estimated to have a project duration of around 12 months. This agreement highlights CSL's expertise in ship repair and maintenance for large offshore assets.

About the Company

Cochin Shipyard Ltd (CSL) is a leading player in the construction of all kinds of vessels, repairs and refits of all types of vessels, including periodic upgradation and life extension of ships. The company has a market cap of over Rs 50,000 crore and as of June 30, 2025, the company’s order book stands at approx. Rs 21,100 crore

According to Quarterly Results, net sales increased by 37 per cent to Rs 1,758 crore, operating profit decreased by 8 per cent to Rs 266 crore and net profit increased by 11 per cent to Rs 287 crore in Q4FY25 compared to Q4FY24. In its annual results, net sales increased by 26 per cent to Rs 4,820 crore and net profit rocketed by 171 per cent to Rs 827 crore in FY25 compared to FY24.

On Thursday, shares of Cochin Shipyard Ltd jumped 2.65 per cent to Rs 1,940 per share from its previous closing of Rs 1,889.90 per share. The stock’s 52-week high is Rs 2,547.25 per share and its 52-week low is Rs 1,180.45 per share. The stock gave multibagger returns of 900 per cent in just 3 years whereas the BSE Sensex Index is up by 41 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.