Cochin Shipyard shares gain over 5% as it bags contract worth ₹5,000 crore for Indian navy
Published on 17/02/2026 09:14 AM
Cochin Shipyard shares gain over 5% as it bags contract worth ₹5,000 crore for Indian navyCochin Shipyard, in an exchange filing on Monday, said it was declared as the L1 in the tender floated by the ministry to construct five Next Generation Survey Vessels (NGSV) for the Indian Navy. The estimated total order value is around ₹5,000 crore.By Shloka Badkar February 17, 2026, 9:14:12 AM IST (Updated)2 Min ReadShares of Cochin Shipyard Ltd. gained over 5% in early trade on Tuesday, February 17, after the company said it has been declared the L1 bidder for an order worth ₹5,000 crore from the defence ministry.
The company, in an exchange filing on Monday, said it was declared as the L1 in the tender floated by the ministry to construct five Next Generation Survey Vessels (NGSV) for the Indian Navy.
The estimated total order value is around ₹5,000 crore.
The final announcement of the contract will be subject to the satisfactory completion of necessary formalities in this regard, which will be updated in due course, the company said.
Cochin Shipyard reported its third quarter earnings last month. Its net profit declined 18.3% to ₹144.6 crore from ₹177 crore in the previous year.
The company's revenue was up 17.7% in the third quarter at ₹1,350.4 crore from ₹1,147.6 crore in the previous year.
Its earnings before interest, tax, depreciation and amortisation (EBITDA) declined 21.5% to ₹186.6 crore from ₹237.6 crore in the third quarter of the previous fiscal.
The firm's margin contracted to 13.8% from 20.7% in the year-ago period.
It also declared a second interim dividend of ₹3.5 per equity share for the financial year 2026 and had set February 3 as the record date for the same. The dividend will be paid on or before February 26, 2026.
Shares of Cochin Shipyard were up 5.5% up at ₹1,550 apiece in early trade on Tuesday. The stock has declined 9% in the past six months but has gained 27% in the past year.
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