Oct 1, 2017

COCHIN SHIPYARD LTD. Mid & Long Term View Fundamental Take For Investors

CMP : 519.

The company came out with good valuations in IPO in last month.
It also posted 555 crore revenue and 90 crore profit in first quarter.
It is India’s largest ship building company. Its shipbuilding capacity is also huge and it has outlined 2700 crore capex. Existing order book is Rs.3078 crore. Entire capex will be funded by internal resources only and not any borrowings.
The company is already debt free and it has Rs.2000 crore cash as well.
Last year co earned 320 cr profit  on sales of 2000 crore. The company is expected to grow easily in next two years at 15-20%.
Its trading at 520 and can come down to 490 or around 450. In deep correction or sell of it can touch 400 where it would become highly attractive so buying shall emerge.
Long term investor and mid term investor also with view of 2-3 years can buy the stock with 50% appreciation expectation.
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