Cochin Shipyard shares fall 3% amid buzz around OFS at 8% discount

Shares of Cochin Shipyard dropped around 3% on Monday after a report said that the government is likely to launch an offer for sale (OFS) in the PSU company at a discount of 6-8% to the current market price.

The company’s shares plunged to Rs 1,418 apiece on NSE in the afternoon trading hours of Monday as buzz around stake sale by the company’s largest promoter may have dampened investor sentiment.

The government is likely to launch the OFS soon as part of its move to mop up resources through such offers in PSU companies, CNBC-TV18 reported citing people familiar with the matter. The report added that the government has so far raised more than Rs 16,000 crore via OFS in PSU companies this year.

The Economic Times could not independently verify the report.

This comes as the government recently ramped up its disinvestment efforts. Recently, the government offloaded some of its stake in Coal India, NHPC, NLC India, General Insurance Corporation of India (GIC) and other PSU companies.

Cochin Shipyard shareholding pattern

The central government owned nearly 68% stake in Cochin Shipyard as on March 31, 2026, according to data on NSE on the company’s shareholding pattern. Around 24 mutual funds owned a little over 2% stake, while Life Insurance Corporation of India (LIC) held over 3% stake.

Nearly 9.62 lakh shareholders meanwhile collectively held around 20% stake in Cochin Shipyard, data showed.

Cochin Shipyard share price

Cochin Shipyard shares have gained nearly 2% in one week, but fell over 6% in one month and 12% in 2026 so far. The stock has tumbled 34% in one year.In the longer term, the shares of the company have delivered 391% returns over three years and 601% over five years. The company has a market capitalisation of Rs 37,699 crore.Also Read | NHPC OFS fully subscribed; govt garners about ₹4,300 crore

Cochin Shipyard earnings snapshot

Cochin Shipyard in May reported a net profit of Rs 276.50 crore for Q4 FY26, marking 3.7% decline from Rs 287 crore reported in the same quarter last year. Revenue from operations fell 15.6% year-on-year to Rs 1,484.3 crore from Rs 1,757.7 crore in the corresponding period a year ago.

Despite weaker revenue, the company delivered a strong operating performance during the quarter. EBITDA rose 16.5% to Rs 310 crore from Rs 266 crore in Q4FY25, while EBITDA margin expanded significantly to 20.9% from 15.1% a year earlier. The improvement in margins reflected tighter cost controls and improved operational efficiency, which helped support overall profitability despite the decline in topline growth.

Also Read | Cochin Shipyard Q4 net profit, revenue decline YoY

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