Dredging Corporation of India Ltd
Dredging Corporation of India Limited (DCI) is engaged in providing integrated dredging services to ports, Indian Navy and other maritime organizations in India.[1]
- Market Cap ₹ 2,111 Cr.
- Current Price ₹ 754
- High / Low ₹ 930 / 309
- Stock P/E 46.2
- Book Value ₹ 518
- Dividend Yield 0.00 %
- ROCE 2.51 %
- ROE 0.89 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 34.8 days to 16.3 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of -3.99% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Miscellaneous Industry: Miscellaneous
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
485 | 635 | 770 | 735 | 666 | 585 | 592 | 692 | 750 | 764 | 801 | 1,165 | 1,005 | |
391 | 524 | 584 | 561 | 536 | 469 | 457 | 525 | 611 | 798 | 683 | 990 | 796 | |
Operating Profit | 93 | 111 | 186 | 174 | 130 | 116 | 135 | 167 | 139 | -34 | 118 | 175 | 209 |
OPM % | 19% | 18% | 24% | 24% | 19% | 20% | 23% | 24% | 19% | -4% | 15% | 15% | 21% |
13 | 3 | 2 | 10 | 26 | 14 | 20 | 7 | 6 | 3 | 19 | 3 | 2 | |
Interest | 1 | 3 | 12 | 26 | 18 | 18 | 20 | 18 | 14 | 20 | 12 | 29 | 28 |
Depreciation | 88 | 90 | 138 | 92 | 93 | 100 | 113 | 113 | 117 | 119 | 120 | 136 | 136 |
Profit before tax | 17 | 22 | 39 | 65 | 45 | 12 | 22 | 43 | 13 | -170 | 5 | 14 | 47 |
Tax % | 24% | 5% | 3% | 4% | 7% | 40% | 21% | 12% | 59% | -1% | 25% | 9% | |
13 | 21 | 38 | 62 | 42 | 7 | 17 | 38 | 6 | -172 | 4 | 13 | 45 | |
EPS in Rs | 4.71 | 7.32 | 13.41 | 22.29 | 14.97 | 2.65 | 6.12 | 13.58 | 1.97 | -61.52 | 1.28 | 4.49 | 16.06 |
Dividend Payout % | 0% | 27% | 22% | 13% | 20% | 0% | 33% | 22% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 15% |
3 Years: | 16% |
TTM: | -10% |
Compounded Profit Growth | |
---|---|
10 Years: | -5% |
5 Years: | 4% |
3 Years: | 32% |
TTM: | 64% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 17% |
3 Years: | 25% |
1 Year: | 129% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | -2% |
3 Years: | -4% |
Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
Reserves | 1,354 | 1,368 | 1,395 | 1,446 | 1,474 | 1,493 | 1,516 | 1,547 | 1,542 | 1,367 | 1,379 | 1,395 | 1,424 |
261 | 721 | 1,257 | 1,040 | 1,013 | 818 | 809 | 652 | 552 | 427 | 273 | 281 | 397 | |
221 | 356 | 427 | 270 | 319 | 333 | 296 | 236 | 349 | 444 | 627 | 705 | 533 | |
Total Liabilities | 1,864 | 2,472 | 3,108 | 2,784 | 2,834 | 2,672 | 2,649 | 2,463 | 2,471 | 2,266 | 2,307 | 2,408 | 2,381 |
533 | 1,008 | 2,188 | 1,871 | 1,928 | 1,808 | 1,817 | 1,719 | 1,654 | 1,609 | 1,580 | 1,526 | 1,431 | |
CWIP | 48 | 23 | 0 | 1 | 38 | 26 | 43 | 8 | 8 | 12 | 29 | 5 | 55 |
Investments | 30 | 30 | 30 | 30 | 4 | 4 | 4 | 4 | 0 | 0 | 0 | 0 | 0 |
1,252 | 1,412 | 890 | 882 | 864 | 834 | 786 | 733 | 809 | 645 | 698 | 877 | 895 | |
Total Assets | 1,864 | 2,472 | 3,108 | 2,784 | 2,834 | 2,672 | 2,649 | 2,463 | 2,471 | 2,266 | 2,307 | 2,408 | 2,381 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
72 | -37 | 268 | 212 | 158 | 87 | 138 | 148 | 117 | 176 | 205 | 140 | |
-489 | -530 | -733 | -9 | -17 | -8 | 1 | 3 | 6 | -1 | -89 | -168 | |
260 | 517 | 493 | -142 | -127 | -141 | -127 | -145 | -142 | -166 | -159 | -38 | |
Net Cash Flow | -157 | -50 | 28 | 61 | 14 | -62 | 12 | 7 | -19 | 10 | -43 | -66 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 276 | 272 | 173 | 185 | 188 | 177 | 147 | 135 | 122 | 96 | 96 | 106 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 276 | 272 | 173 | 185 | 188 | 177 | 147 | 135 | 122 | 96 | 96 | 106 |
Working Capital Days | 373 | 331 | 183 | 179 | 161 | 201 | 178 | 155 | 131 | 86 | 2 | 16 |
ROCE % | 1% | 1% | 2% | 3% | 2% | 1% | 1% | 3% | 1% | -8% | 0% | 3% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 1 May
- Announcement under Regulation 30 (LODR)-Change in Management 26 Apr
- Announcement under Regulation 30 (LODR)-Change in Management 19 Apr
- Announcement under Regulation 30 (LODR)-Change in Management 19 Apr
- Cessation Of Capt.S.Divakar As Managing Director And CEO (Additonal Charge) And KMP And Continuation As Chief General Manager Of The Company 16 Apr
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
Services
The services of the company include:
Maintenance dredging - To restore the depth and remove the accumulated material in every Port and Harbours.
Capital dredging - Removal of the “virgin” soil to create the designed depth in the water bodies / adjacent to water bodies.
Land Reclamation- Raising the land level to create an artificial land either just below or adjacent to water bodies.
Beach Nourishment - Deposition of sediments in the coastal line from the adjoining areas.
Shallow Water Dredging - DCI is fully equipped to cater to the maintenance dredging requirements of all major Ports in India. [1]