Dredging Corporation of India Ltd

Dredging Corpn. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dredging Corporation of India Ltd

₹ 749 10.73%
21 May 3:25 p.m.
dredge-india.com BSE: 523618 NSE: DREDGECORP
About

Dredging Corporation of India Limited (DCI) is engaged in providing integrated dredging services to ports, Indian Navy and other maritime organizations in India.[1]

Key Points

Market Position
The company is one of the largest companies in the domestic dredging market with over 80% market share in the maintenance dredging for major ports. [1]

Website BSE NSE
  • Market Cap ₹ 2,098 Cr.
  • Current Price ₹ 749
  • High / Low ₹ 1,458 / 495
  • Stock P/E
  • Book Value ₹ 436
  • Dividend Yield 0.00 %
  • ROCE -0.32 %
  • ROE -3.59 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.78% over past five years.
  • Company has a low return on equity of -5.37% over last 3 years.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from -9.39 days to 61.6 days

* 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

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
289 218 239 371 337 204 198 265 278 151 204 324 462
252 192 177 310 505 148 141 197 259 139 206 272 386
Operating Profit 37 25 62 61 -167 56 57 69 19 12 -2 52 77
OPM % 13% 12% 26% 16% -50% 28% 29% 26% 7% 8% -1% 16% 17%
0 1 1 1 1 1 0 1 1 1 23 16 -1
Interest 3 4 6 13 7 7 7 8 7 7 17 12 17
Depreciation 33 38 28 35 49 35 33 34 39 37 38 39 38
Profit before tax 1 -15 29 14 -223 16 17 28 -26 -31 -33 17 21
Tax % 17% 2% 1% 3% 0% 3% 4% 2% 1% 1% 2% 4% -1%
1 -16 29 14 -223 15 17 27 -26 -31 -34 16 21
EPS in Rs 0.38 -5.61 10.22 4.94 -79.62 5.41 5.99 9.72 -9.28 -11.21 -11.97 5.74 7.64
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
770 735 666 585 592 692 750 764 801 1,165 946 1,142
584 561 536 469 457 525 611 798 683 1,184 741 1,002
Operating Profit 186 174 130 116 135 167 139 -34 118 -19 204 140
OPM % 24% 24% 19% 20% 23% 24% 19% -4% 15% -2% 22% 12%
2 10 26 14 20 7 6 3 19 3 3 24
Interest 12 26 18 18 20 18 14 20 12 29 28 38
Depreciation 138 92 93 100 113 113 117 119 120 150 141 152
Profit before tax 39 65 45 12 22 43 13 -170 5 -195 38 -26
Tax % 3% 4% 7% 40% 21% 12% 59% 1% 25% 1% 5% 5%
38 62 42 7 17 38 6 -172 4 -196 36 -27
EPS in Rs 13.41 22.29 14.97 2.65 6.12 13.58 1.97 -61.52 1.28 -70.07 12.74 -9.81
Dividend Payout % 22% 13% 20% 0% 33% 22% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 13%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -222%
Stock Price CAGR
10 Years: 6%
5 Years: 26%
3 Years: 29%
1 Year: -24%
Return on Equity
10 Years: -2%
5 Years: -6%
3 Years: -5%
Last Year: -4%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 28 28 28 28 28 28 28 28 28 28 28 28
Reserves 1,395 1,446 1,474 1,493 1,516 1,547 1,542 1,367 1,379 1,201 1,236 1,193
1,257 1,040 1,013 818 809 652 552 427 273 281 426 923
427 270 319 333 296 236 349 444 627 817 713 503
Total Liabilities 3,108 2,784 2,834 2,672 2,649 2,463 2,471 2,266 2,307 2,326 2,403 2,647
2,188 1,871 1,928 1,808 1,817 1,719 1,654 1,609 1,580 1,531 1,438 1,343
CWIP 0 1 38 26 43 8 8 12 29 5 31 584
Investments 30 30 4 4 4 4 0 0 0 0 0 0
890 882 864 834 786 733 809 645 698 791 933 721
Total Assets 3,108 2,784 2,834 2,672 2,649 2,463 2,471 2,266 2,307 2,326 2,403 2,647

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
268 212 158 87 138 148 117 176 205 148 191 112
-733 -9 -17 -8 1 3 6 -1 -89 -173 -290 -477
493 -142 -127 -141 -127 -145 -142 -166 -159 -38 118 363
Net Cash Flow 28 61 14 -62 12 7 -19 10 -43 -63 19 -2

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 173 185 188 177 147 135 122 96 96 84 68 81
Inventory Days
Days Payable
Cash Conversion Cycle 173 185 188 177 147 135 122 96 96 84 68 81
Working Capital Days 183 179 161 201 178 155 131 86 2 -46 -44 62
ROCE % 2% 3% 2% 1% 1% 3% 1% -8% 0% -10% 4% -0%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47%
0.39% 0.23% 0.36% 0.36% 0.15% 0.25% 0.11% 0.30% 0.34% 0.18% 0.18% 0.45%
2.32% 2.31% 2.31% 7.12% 7.12% 6.36% 5.30% 5.14% 5.09% 5.63% 6.60% 6.60%
0.00% 0.00% 0.04% 0.07% 0.07% 0.07% 0.07% 0.08% 0.08% 0.08% 0.08% 0.08%
23.82% 24.00% 23.83% 18.98% 19.19% 19.86% 21.06% 21.01% 21.02% 20.65% 19.67% 19.40%
No. of Shareholders 55,75754,69951,26747,83247,46950,17449,26445,57145,34648,62546,37946,265

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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