In This Article:
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Cochin Shipyard Limited (NSE:COCHINSHIP) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of COCHINSHIP, it is a highly-regarded dividend-paying company that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, take a look at the report on Cochin Shipyard here.
Excellent balance sheet average dividend payer
COCHINSHIP is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This indicates that COCHINSHIP has sufficient cash flows and proper cash management in place, which is an important determinant of the company’s health. COCHINSHIP’s debt-to-equity ratio stands at 3.7%, which means its debt level is low. Investors’ risk associated with debt is very low and the company has plenty of headroom to grow debt in the future, should the need arise.
COCHINSHIP's high dividend payments make it one of the best dividend stocks on the market, and it has also been able to maintain it at a level in which net income is able to cover dividend payments.
Next Steps:
For Cochin Shipyard, there are three relevant factors you should look at:
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Future Outlook: What are well-informed industry analysts predicting for COCHINSHIP’s future growth? Take a look at our free research report of analyst consensus for COCHINSHIP’s outlook.
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Historical Performance: What has COCHINSHIP's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
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Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of COCHINSHIP? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.