Cochin Shipyard dividend yield calculator – Cochin Shipyard Ltd Declares 7.0 Cash Dividend
March 25, 2023
Dividends Yield
On February 13 2023, Cochin Shipyard ($BSE:540678) Ltd declared a 7.0 Cash Dividend. This is the fourth dividend distribution in a row, with COCHIN SHIPYARD having issued yearly dividends per share of 16.75, 15.5, and 28.0 INR over the past 3 years, resulting in dividend yields of 4.61%, 4.34%, and 8.08% respectively, averaging out to a dividend yield of 5.68%. If seeking out dividend stocks is part of your investment strategy, COCHIN SHIPYARD could be a viable option with an ex-dividend date of February 22 2023.
Investors now have the opportunity to own this company and receive the dividend payouts with their new holdings. This could result in a steady and consistent income for them.
Share Price
The stock opened at INR480.0, but closed at INR470.2, a decrease of 1.8% from the previous closing price of 479.0. The dividend is payable to those shareholders whose names appear in the company’s Register of Members on or before the date of the declaration. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cochin Shipyard. More…
| Total Revenues | Net Income | Net Margin |
| 29.13k | 5.4k | 17.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cochin Shipyard. More…
| Operations | Investing | Financing |
| 9.52k | -4.72k | -2.39k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cochin Shipyard. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 81.69k | 36.72k | 333.98 |
Key Ratios Snapshot
Some of the financial key ratios for Cochin Shipyard are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.9% | 0.5% | 26.9% |
| FCF Margin | ROE | ROA |
| 23.7% | 10.9% | 6.0% |
Analysis
At GoodWhale, we analyzed the financials of COCHIN SHIPYARD and found that it is classified as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This makes it an attractive investment for investors who are looking for steady returns with minimal risk. From our Star Chart analysis, we found that COCHIN SHIPYARD is strong in assets and profitability, but only medium in dividend and growth. Additionally, its health score of 6/10 indicates that it has the capacity to sustain future operations during times of crisis. Overall, COCHIN SHIPYARD is a reliable long-term investment with moderate risk and potential for consistent returns. More…
Peers
It has a range of competitors, including Penguin International Ltd, Garware Marine Industries Ltd, and Coastal Contracts Bhd. Together these companies have created a competitive market for maritime services, providing the highest quality of shipbuilding and ship repair services to their customers.
– Penguin International Ltd ($SGX:BTM)
Penguin International Ltd is a shipping and marine services provider. The company provides a wide range of services such as offshore installation, ship design and engineering, ship construction and repair, vessel chartering, and other related services. As of 2023, Penguin International Ltd has a market capitalization of 154.12M. This is the total value of all the company’s outstanding shares, which indicates the company’s financial strength and performance. The Return on Equity (ROE) of 7.36% shows how well the company is able to generate profits from its shareholders’ investments. This is a sign of strong management and financial stewardship by the company.
– Garware Marine Industries Ltd ($BSE:509563)
Garware Marine Industries Ltd (GMI) is an Indian company that specializes in the manufacture and distribution of marine products, both domestically and internationally. GMI has a market capitalization of 38.52 million as of 2023, which reflects the size and strength of the company as well as its competitive position in the marine industry. The return on equity for GMI is 0.85%, which indicates that the company is able to generate profits from its investments. GMI has a long history of providing quality products and services to its customers and has established itself as a reliable and trustworthy partner in the marine industry.
– Coastal Contracts Bhd ($KLSE:5071)
Coastal Contracts Bhd is a Malaysian public-listed shipping and logistics company. It specializes in providing project cargo movement and integrated transportation services. As of 2023, the company has a market capitalization of 1.15 billion Malaysian Ringgit. Its Return on Equity (ROE) ratio is 19.07%, which means that for every 1 Ringgit of equity, it earns 19 sen of profit. This indicates Coastal Contracts Bhd is a well-run and successful operation.
Summary
Investing in Cochin Shipyard is a profitable prospect due to its consistent dividend yielding strategy. Over the past three years, the company has paid out dividends per share at 16.75, 15.5, and 28.0 INR resulting in respective dividend yields of 4.61%, 4.34%, and 8.08%. On average, Cochin Shipyard has offered a dividend yield of 5.68% which is higher than the industry average, making it an attractive option for investors seeking steady returns. The stable dividends also suggest a financially sound business with well-managed operations, making Cochin Shipyard a smart long-term investment option.
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