Cochin Shipyard Sep-24

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Questions and Answers

What significant agreement did Cochin Shipyard Limited (CSL) sign in April 2024?

Master Ship Construction Agreement with the Indian Navy

Joint Venture Agreement with Adani Harbor Services Limited

Master Ship Repair Agreement with the US Navy (correct)

Long-term Maintenance Contract with Polestar Maritime Limited

Which order did UCSL secure in June 2024?

Order for 4 nos. of 6300 TDW Dry Cargo Vessels (correct)

Order for Hybrid SOV

Order for 70T Bollard Pull Tug

Order for 3 Electric Hybrid Boats

What type of vessel was delivered in April, July, and August 2024?

Conventional 100 Pax Water Metro boats

70T Bollard Pull Tug

Electric Hybrid 100 Pax Water Metro boats (correct)

Hybrid SOV

In what month did CSL secure an order for a Hybrid SOV from a European client?

May 2024 Signup and view all the answers

Which company secured the order for 70T Tugs in May 2024?

UCSL Signup and view all the answers

What was one of the highlights mentioned under Important Operational Events?

Securing orders for vessels Signup and view all the answers

Who is the recipient of the letter dated September 02, 2024?

BSE Limited Signup and view all the answers

Which vessel type was contracted by UCSL for Polestar Maritime Limited?

70T Bollard Pull Tug Signup and view all the answers

What is the planned keel lay date for the Trailer Suction Hopper Dredger vessel?

September 2024 Signup and view all the answers

Which type of project is the New Dry Dock considered to be?

An augmentation project Signup and view all the answers

What is the total project cost for the New Dry Dock?

Rs. 1,799.00 Cr Signup and view all the answers

What feature characterizes the International Ship Repair Facility (ISRF)?

Includes 4 floating gates Signup and view all the answers

How many vessels were contracted for the Electric Catamaran Ferry project?

8 Signup and view all the answers

When is the New Dry Dock expected to be fully operational?

By October 2024 Signup and view all the answers

What is the design speed of the Passenger Ferry Boat mentioned in the green initiatives?

9 Knots Signup and view all the answers

What is a key feature of the Hydrogen Fuel Cell Vessel in the novel initiatives?

Equipped with a 6 kWh Solar Plant Signup and view all the answers

What is the planned completion date for the 23 Hybrid Electric Catamaran Hull Vessels for KMRL?

October 2024 Signup and view all the answers

How many vessels are under construction with the European clients?

8 vessels Signup and view all the answers

Which vessels have had their hull block erection and outfitting in progress?

Vessels 1 and 2 Signup and view all the answers

Which of the following vessels is currently at the advanced stage of block fabrication?

Vessel No. 6 Signup and view all the answers

What is the status of vessels BY 526-527?

Keel laid Signup and view all the answers

What indicates that the Hybrid Electric Catamaran Hull Vessels are partially completed?

Some vessels under various stages of construction Signup and view all the answers

When is the launching planned for vessels SH 29 and SH 30?

September 2024 Signup and view all the answers

How many vessels are categorized under the status of commissioning service operation vessels?

2 vessels Signup and view all the answers

What is the approximate total shipbuilding order pipeline value mentioned?

Rs. 7,820 Crs. Signup and view all the answers

How much is the approximate value of ship repair orders?

Rs. 1,000 Crs. Signup and view all the answers

What is the order value for vessels to foreign clients?

Rs. 6,500 Crs. Signup and view all the answers

What percentage of the total vessels are identified as green vessels?

59% Signup and view all the answers

What is the order value projected for government projects?

Rs. 220 Crs. Signup and view all the answers

What is the approximate order value for domestic clients?

Rs. 1,100 Crs. Signup and view all the answers

How much is the value allocated for other project proposals currently in the RFI/Mid Stage?

Rs. 30,000 Crs. Signup and view all the answers

What is the correct approximate order value for the commercial export segment?

Rs. 6,500 Crs. Signup and view all the answers

What is the initial funding amount available for each start-up under the Seed Fund Scheme?

Rs 50 Lakh Signup and view all the answers

Which project category has the highest order value in the order book position?

Defence Signup and view all the answers

What is the overall order book position in approximately Crores?

Rs 22,500 Crore Signup and view all the answers

How many vessels are planned for the Commercial - Export category according to the order book?

14 Signup and view all the answers

What is the target completion date range for the Fast Charging LTO Battery project?

Dec 2023 – Nov 2024 Signup and view all the answers

What is the total number of vessels listed in the order book position?

47 Signup and view all the answers

Which funding scheme offers the highest amount to start-ups?

Pilot Grant Scheme Signup and view all the answers

What percentage of the total order book position does the Defence segment comprise?

70% Signup and view all the answers

What is the percentage increase in turnover for FY 25 Q1 compared to FY 24 Q1?

60% Signup and view all the answers

Which ship was delivered by UCSL in May 2024?

'Konna Star' Signup and view all the answers

What was the Profit After Tax for FY 25 Q1?

180.85 Rs Crs Signup and view all the answers

Which type of vessels had keel laying in May/July 2024?

Hybrid Electric Catamarans Signup and view all the answers

What was the EPS for FY 25 Q1?

6.87 Rs Signup and view all the answers

What was the total income for Standalone in FY 25 Q1?

789.99 Rs Crs Signup and view all the answers

What was the PAT margin for Standalone operations in FY 25 Q1?

25% Signup and view all the answers

Which vessel was docked by IHS Parali in August 2024?

ISRF Signup and view all the answers

What was the Book value per share for Consolidated in FY 24?

190.18 Rs Signup and view all the answers

What percentage increase in Profit Before Tax was observed in FY 25 Q1 compared to FY 24 Q1?

67% Signup and view all the answers

What was the revenue contribution from shipbuilding in FY 25 Q1?

465.07 Rs Crs Signup and view all the answers

What is the Net Debt for Consolidated in FY 25 Q1?

23.52 Rs Crs Signup and view all the answers

What was the QoQ % change in Other Income from FY 24 Q1 to FY 25 Q1?

-5% Signup and view all the answers

What was the EBITDA Margin for Consolidated in FY 25 Q1?

32% Signup and view all the answers

Study Notes

Investor Presentation - Q1 FY25 Financial Results and Highlights

The presentation details the Q1 FY25 financial results and highlights for Cochin Shipyard Limited.
The document is for dissemination of information to members.
The presentation likely covers important operational events, financial overview, vessel status, infrastructure, novel/green initiatives, and order book position.
The date of the presentation is September 2, 2024.

Highlights - Orders Received

April 2024: Cochin Shipyard Limited (CSL) signed a master ship repair agreement with the US Navy. UCSL secured a 70T Bollard Pull Tug order from Polestar Maritime Limited.
May 2024: CSL secured a Hybrid SOV order from a European client. UCSL secured orders for three 70T Tugs for Ocean Sparkle, an Adani company.
June 2024: UCSL secured orders for four 6300 TDW Dry Cargo Vessels for Wilson ASA, Norway.
July 2024: HCSL secured orders for two ASD Bollard Pull Tugs for Industrial Handling Pvt Ltd.

Highlights - Vessels Delivered

April/July/August 2024: Three electric hybrid 100-passenger water metro boats were delivered to Kochi Metro.
May 2024: UCSL delivered a 70T Bollard Pull Tug, "Konna Star", for Polestar Maritime Limited.

Highlights - Major Events

April 2024: Keel laying for a new 3800 DWT cargo vessel for Wilson Shipowning.
May/July 2024: Keel laying of three hybrid electric catamaran passenger vessels for IWAI.
July 2024: UCSL launched a 70T Bollard Pull Tug "MOGRA STAR".
August 2024: Commenced commercial operations for the International Ship Repair Facility (ISRF).

Financial Overview

Turnover (Q1 FY25): Rs 709.84 Crore
Profit Before Tax (Q1 FY25): Rs 242.15 Crore
Profit After Tax (Q1 FY25): Rs 180.85 Crore
EBITDA (Q1 FY25): Rs 262.51 Crore
Detailed financial data for various financial years and quarters (Q1 FY24, Q4 FY24, and FY24) are presented, including Key Financial Parameters.

Revenue Mix

Shipbuilding (Q1 FY25): Rs 465.07 Crore
Ship Repair (Q1 FY25): Rs 244.78 Crore
Turnover (Q1 FY25): Rs 709.84 Crore
Other Income (Q1 FY25): Rs 80.14 Crore

Key Financial Parameters

Net worth (Q1 FY25): Rs 5210.97 Crore
Book value/share (Q1 FY25): Rs 198.07
Net Debt (Q1 FY25): Rs 23.52 Crore

Infrastructure Augmentation

New Dry Dock Project: Includes a 310 meter x 75/60 meter x 13 meter stepped dry dock, designed for 100 years of service.
Total Project Cost for the New Dry Dock is Rs. 1,799 Crore, with spending up to date at Rs 1,344.59 Crore
It's suitable for various types of vessels, including LNG, aircraft carriers, jack-ups, rigs, and drill ships.

International Ship Repair Facility (ISRF) Project

Land Area: 16.254 hectares
Marine Area: 16.15 hectares
Shiplift Capacity: 6000 tonnes
Other Features: 6 work stations, 1.25 km berth, floating gate and 4 cranes
Project Cost: Rs. 970 Crore
Expenditure incurred till date: Rs 797.45 Crore

Novel & Green Initiatives

H₂ Fuel Cell Vessel Pilot Project by CSL: Includes a 100-passenger ferry boat using indigenous technology and 2 x 25 kWh H2 fuel cells and 6 kWh solar plants.
Electric Catamaran Ferry: Eight vessels contracted by IWAI. Features include air-conditioned passenger areas (50 pax), design speeds of 9 knots, fast charging LTO batteries (~120 kWh), and an estimated completion target of December 2023 to November 2024.

CSL's Maritime Start-Up Engagement Programme "USHUS"

Initial Corpus: Rs 50 Crores
Funding Types: Seed Fund Scheme (upto Rs 50 Lakhs), Pilot Grant Scheme (upto Rs 100 Lakhs), and Equity Investment
Aim: Nurturing aspirations and enabling maritime start-ups

Order Book Position

Total Order Book Position (Approx.): Rs 22,500 Crore
Categories: Defense (15 vessels, Rs 15,028 Crore), Commercial - Domestic (18 vessels, Rs 1,225 Crore), and Commercial - Export (14 vessels, Rs 3,277 Crore)
Detailed tables provide supplementary information, including subsidiary-wise order values.

Shipbuilding Order Pipeline/Possibilities

Total Expected Value: Rs 7,820 Crore
Commercial - Export: Rs 6,500 Crore
Commercial - Domestic: Rs 1,100 Crore
Government/RFP Stage: Rs 220 Crore

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Description

Test your knowledge on the recent agreements and operational events of Cochin Shipyard Limited (CSL) and UCSL. This quiz covers significant orders, vessel deliveries, and the implications of new projects like the New Dry Dock. Dive into the updates from 2024 and see how well you understand these maritime milestones.