Cochin Shipyard Share Price Climb Nearly 5% After Emerging L1 In ₹5,000 Crore Navy Tender

Mumbai, February 17, 2026: Shares of Cochin Shipyard Limited moved sharply higher in early trade on Tuesday after the company disclosed it had been declared the L1 bidder in a defence tender.

At 10:26 AM IST, Cochin Shipyard share price was trading at ₹1,535.40, up by ₹66.00 or 4.49% from its previous close of ₹1,469.40 on the National Stock Exchange of India. It opened at ₹1,550.00 and reached a high of ₹1,574.50 before easing slightly..

Why Cochin Shipyard Share Price Moved

In its exchange communication, Cochin Shipyard said it had been declared L1, or lowest bidder, in a tender floated by the Ministry of Defence for the construction of five Next Generation Survey Vessels for the Indian Navy.

The estimated value of the project is around ₹5,000 crore. That number is not final revenue yet. The company made it clear that the award is subject to the completion of necessary formalities. The company stated that the final announcement of the contract will be subject to the satisfactory completion of necessary formalities.

It also clarified that the order does not qualify as a related party transaction and that no promoter or group entity has any interest in the awarding authority.

Stock Performance Snapshot

On the NSE, at 10:26 AM IST, Cochin Shipyard share price was trading at ₹1,535.40, up by ₹66.00 or 4.49%. The stock opened at ₹1,550.00, reached a high of ₹1,574.50, and a low of ₹1,531.80 during the session. The company has a market capitalisation of ₹40.39K Cr, a P/E ratio of 55.53, and a quarterly dividend of ₹2.46, yielding 0.64%. The 52-week high is ₹2,545.00, and the 52-week low is ₹1,180.20.

What this Means for Investors

Cochin Shipyard could see a boost to its order book if the ₹5,000 crore order is finalised into a formal contract, improving visibility of medium-term revenue. Defence shipbuilding projects typically extend over several years, with payments linked to construction milestones. While the company has secured L1 status, execution will depend on the formal contract. Investors will be looking for updates on the contract award, project timelines, vessel specifications, and payment terms in upcoming disclosures.

Broader Market and Sectoral Context

Defence and shipbuilding stocks often respond to new tender announcements. On Tuesday, Cochin Shipyard was among the more actively traded stocks in its sector during the morning session, while broader market indices showed mixed movement.

Cochin Shipyard shares rose nearly 5% in early trade after being declared L1 bidder for a ₹5,000 crore naval vessel tender. The final contract award is still subject to formal processes, but the announcement was enough to spark fresh buying in the morning session. Whether the rally sustains may depend on confirmation of the order and clarity on execution timelines in the coming weeks.

Source: https://nsearchives.nseindia.com/corporate/Aswi4739_16022026172951_SE_Intimation_NGSVs_sd.pdf