Cochin Shipyard Share Price: 37.8% CAGR in 3 Years as This Maritime PSU Outpaces Mazagon Dock and Chases Garden Reach
- November 5, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Cochin Shipyard Share Price: 37.8% CAGR in 3 Years as This Maritime PSU Outpaces Mazagon Dock and Chases Garden Reach
Cochin Shipyard previous close Rs 1,237.50. 3-year CAGR 37.8%. Up 2.6x since 3 Nov 2023. ROE 12.20%. Market cap Rs 32,543 crore.
Quick Answer
The Cochin Shipyard share price closed at Rs 1,237.50 on 4 November 2026, a compounded annual return of 37.8% over three years. That compares with Garden Reach Shipbuilders at 42.4% and Mazagon Dock Shipbuilders at 23.9%. The company has a market cap of Rs 32,543 crore and a P/E of 47.85 against an industry P/E of 46.75.
The Cochin Shipyard share price has been one of the more eye-catching moves among state-owned shipbuilders. Cochin Shipyard, which listed in 2017, has compounded faster than Mazagon Dock Shipbuilders and sits close to Garden Reach Shipbuilders and Engineers over the last three years.
This article calculates the three-year CAGR for all three, then compares market cap, valuation, return on equity and debt. All prices are adjusted for corporate actions so the comparison is on equal terms.
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How Much Has the Cochin Shipyard Share Price Returned in 3 Years?
The Cochin Shipyard stock closed at Rs 472.52 on 3 November 2023 and at Rs 1,237.50 on 4 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.62 lakh, which is a CAGR of 37.8%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Cochin Shipyard can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The Cochin Shipyard share price has moved with the order pipeline for naval and commercial vessels and with the broader attention on India’s maritime and defence manufacturing push.
Cochin Shipyard vs Garden Reach Shipbuilders and Mazagon Dock Shipbuilders: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 3 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 4 November 2026.
| Company | Close on 3 Nov 2023 | Previous close (4 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Garden Reach Shipbuilders | Rs 743.00 | Rs 2,143.40 | 2.9x | 42.4% |
| Cochin Shipyard | Rs 472.52 | Rs 1,237.50 | 2.6x | 37.8% |
| Mazagon Dock Shipbuilders | Rs 961.25 | Rs 1,828.10 | 1.9x | 23.9% |
The Cochin Shipyard stock ranks second of the three at 37.8%. It sits ahead of Mazagon Dock Shipbuilders (23.9%). The company ahead is Garden Reach Shipbuilders (42.4%). Garden Reach leads the group and Cochin Shipyard ranks second, with Mazagon Dock third. Each compounded strongly, which shows how broad the rally in shipbuilding names has been.
Look at the Cochin Shipyard share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| Mazagon Dock Shipbuilders | Rs 73,697 crore | 30.07 | 46.75 | 23.45% | 0.08 |
| Cochin Shipyard | Rs 32,543 crore | 47.85 | 46.75 | 12.20% | 0.28 |
| Garden Reach Shipbuilders | Rs 24,610 crore | 30.74 | 50.67 | 28.48% | 0.01 |
By market cap, Mazagon Dock Shipbuilders is the largest of the group at Rs 73,697 crore, while the Cochin Shipyard stock stands at Rs 32,543 crore, about 44% of that size. On earnings, Cochin Shipyard shares trade at a P/E of 47.85 against an industry P/E of 46.75, a premium of about 2%, which signals that the market expects faster earnings growth. Peer multiples are Garden Reach Shipbuilders at 30.74 and Mazagon Dock Shipbuilders at 30.07.
Return on equity is 12.20% for the Cochin Shipyard stock, which ranks third among the three, and debt to equity stands at 0.28. Trailing EPS is Rs 25.85. Shipyard stocks are valued on order books and execution, so P/E is best read together with ROE and the quality of the pipeline.
What Is Driving the Cochin Shipyard Stock?
Cochin Shipyard, based in Kochi, is India’s largest public sector shipyard. It builds and repairs ships, including naval vessels, and its record includes building the indigenous aircraft carrier INS Vikrant. It also builds commercial vessels for domestic and overseas customers.
Ship repair gives the company a second revenue stream alongside new builds, and it has been expanding facilities to handle larger vessels. Orders tend to run over several years, so the order book is the main guide to future revenue.
Followers of the Cochin Shipyard share price generally track order inflows, the execution pace on large projects, and progress on new dry dock and ship repair facilities.
How the Established Players Stack Up
Garden Reach Shipbuilders is a Kolkata-based builder of warships and other vessels for the Navy and Coast Guard. It leads the group with a 42.4% CAGR and an ROE of 28.48%, with almost no debt.
Mazagon Dock Shipbuilders is the Mumbai-based builder of submarines and destroyers. It compounded at 23.9% a year, with an ROE of 23.45% on a market cap of Rs 73,697 crore.
What Should Investors Track Next?
Three things are worth watching on the Cochin Shipyard share price. First, new orders and the conversion of the existing order book. Second, execution on large naval and commercial projects. Third, the ramp up of new ship repair capacity.
At a P/E of 48, the stock trades close to the industry average of 46.75. A three-year CAGR is a record of the past, and shipbuilding revenue can be lumpy.
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How to Compare Shipbuilding Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Cochin Shipyard stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Cochin Shipyard share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the Cochin Shipyard share price and compare shipbuilding stocks live.
A Shipbuilder Keeping Pace With the Defence Rally
The Cochin Shipyard share price compounded at 37.8% a year over three years, ahead of Mazagon Dock at 23.9% and behind Garden Reach at 42.4%.
Garden Reach offers the highest ROE, Mazagon Dock the largest scale, and Cochin Shipyard a mix of new builds and ship repair. Weigh each against your view of the order cycle.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Cochin Shipyard share price today?
Ans. Cochin Shipyard closed at Rs 1,237.50 on 4 November 2026, according to NSE data. It has a market cap of Rs 32,543 crore and a P/E of 47.85. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Cochin Shipyard stock?
Ans. Cochin Shipyard delivered a price CAGR of 37.8% over three years, moving from Rs 472.52 on 3 November 2023 to Rs 1,237.50 on 4 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Cochin Shipyard better than Mazagon Dock?
Ans. The Cochin Shipyard stock delivered a higher three-year CAGR at 37.8% than Mazagon Dock at 23.9%. Mazagon is larger by market cap and earns a higher ROE of 23.45% against 12.20%, with a lower P/E of 30.07.
What does Cochin Shipyard do?
Ans. Cochin Shipyard is a Kochi-based public sector shipbuilder. It builds and repairs naval and commercial vessels and constructed the indigenous aircraft carrier INS Vikrant.
Is the Cochin Shipyard stock debt free?
Ans. The debt to equity ratio of the Cochin Shipyard stock is 0.28 and its return on equity is 12.20%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is Cochin Shipyard expensive compared with the industry?
Ans. Cochin Shipyard trades at a P/E of 47.85 against an industry P/E of 46.75. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which shipbuilding stock gave the highest return in 3 years?
Ans. Among the companies compared here, Garden Reach Shipbuilders delivered the highest three-year CAGR at 42.4%, followed by Cochin Shipyard at 37.8%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.
