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Cochin Shipyard: Strong growth at attractive valuations

February 24, 2020 / 03:57 PM IST
Cochin Shipyard: Strong growth at attractive valuations

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Cochin Shipyard’s (CMP: Rs 392, market cap: Rs 4,510 crore) stock has corrected sharply and the stock is now trading closer to its 52-week low levels. This is despite strong earnings growth and good visibility on the revenue front. In the December quarter, the company reported a 32% growth in net profit and in the nine months of FY20 profits grew by about 30% on a year on year basis. (image) One possible reason causing apprehension among investors and the...

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