V. Kochubava Literary Award" is an eponymous award instituted in his memory, for recognising excellence in Malayalam literature; the recipients include Akbar Kakkattil, Sandeep Pampally and K. Rekha.Balachandran Vadakkedath, a writer friend of Kochubava, published a book, "Janmasradham", in 2014, which features his biography as well as a critical study of his works.