Dredging Corporation of India Ltd

₹ 1,084 4.20%

12 Jun - close price

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 ₹ 3,035 Cr.
Current Price ₹ 1,084
High / Low ₹ 1,286 / 538
Stock P/E 639
Book Value ₹ 439
Dividend Yield 0.00 %
ROCE 4.28 %
ROE 0.39 %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 9.61% over past five years.
Company has a low return on equity of -0.18% 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

Services Services Engineering Services Dredging

Part of BSE Services

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	337	204	198	265	278	151	204	324	462	242	212	276	478
	505	148	141	197	259	139	206	272	386	195	187	243	335
Operating Profit	-167	56	57	69	19	12	-2	52	77	47	25	33	143
OPM %	-50%	28%	29%	26%	7%	8%	-1%	16%	17%	19%	12%	12%	30%
	1	1	0	1	1	1	23	16	-1	1	1	1	2
Interest	7	7	7	8	7	7	17	12	17	31	23	11	24
Depreciation	49	35	33	34	39	37	38	39	38	40	37	48	33
Profit before tax	-223	16	17	28	-26	-31	-33	17	21	-23	-33	-25	87
Tax %	0%	3%	4%	2%	1%	1%	2%	4%	-1%	1%	3%	0%	1%
	-223	15	17	27	-26	-31	-34	16	21	-23	-34	-25	87
EPS in Rs	-79.62	5.41	5.99	9.72	-9.28	-11.21	-11.97	5.74	7.64	-8.33	-12.21	-8.80	31.04
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Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	735	666	585	592	692	750	764	801	1,165	946	1,142	1,208
	561	536	469	457	525	611	798	683	1,184	744	1,002	961
Operating Profit	174	130	116	135	167	139	-34	118	-19	202	140	248
OPM %	24%	19%	20%	23%	24%	19%	-4%	15%	-2%	21%	12%	20%
	10	26	14	20	7	6	3	19	3	3	24	6
Interest	26	18	18	20	18	14	20	12	29	28	38	89
Depreciation	92	93	100	113	113	117	119	120	150	141	152	158
Profit before tax	65	45	12	22	43	13	-170	5	-195	35	-26	7
Tax %	4%	7%	40%	21%	12%	59%	1%	25%	1%	5%	5%	28%
	62	42	7	17	38	6	-172	4	-196	33	-27	5
EPS in Rs	22.29	14.97	2.65	6.12	13.58	1.97	-61.52	1.28	-70.07	11.85	-9.81	1.70
Dividend Payout %	13%	20%	0%	33%	22%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	6%
5 Years:	10%
3 Years:	1%
TTM:	6%

Compounded Profit Growth
10 Years:	-17%
5 Years:	15%
3 Years:	27%
TTM:	110%

Stock Price CAGR
10 Years:	10%
5 Years:	22%
3 Years:	48%
1 Year:	49%

Return on Equity
10 Years:	-2%
5 Years:	-3%
3 Years:	0%
Last Year:	0%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	28	28	28	28	28	28	28	28	28	28	28	28
Reserves	1,446	1,474	1,493	1,516	1,547	1,542	1,367	1,379	1,201	1,227	1,193	1,202
	1,040	1,013	818	809	652	552	427	273	281	558	923	1,087
	270	319	333	296	236	349	444	627	817	581	503	748
Total Liabilities	2,784	2,834	2,672	2,649	2,463	2,471	2,266	2,307	2,326	2,395	2,647	3,066
	1,871	1,928	1,808	1,817	1,719	1,654	1,609	1,580	1,531	1,430	1,343	1,207
CWIP	1	38	26	43	8	8	12	29	5	344	584	894
Investments	30	4	4	4	4	0	0	0	0	0	0	0
	882	864	834	786	733	809	645	698	791	620	721	964
Total Assets	2,784	2,834	2,672	2,649	2,463	2,471	2,266	2,307	2,326	2,395	2,647	3,066

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	212	158	87	138	148	117	176	205	148	191	112	142
	-9	-17	-8	1	3	6	-1	-89	-173	-290	-477	-368
	-142	-127	-141	-127	-145	-142	-166	-159	-38	118	363	321
Net Cash Flow	61	14	-62	12	7	-19	10	-43	-63	19	-2	95
Free Cash Flow	198	131	74	130	148	117	173	114	-27	-100	-367	-228
CFO/OP	133%	134%	84%	69%	95%	82%	-534%	181%	-858%	98%	68%	58%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	185	188	177	147	135	122	96	96	84	68	81	71
Inventory Days
Days Payable
Cash Conversion Cycle	185	188	177	147	135	122	96	96	84	68	81	71
Working Capital Days	178	161	201	178	155	131	22	-90	-98	-88	-19	-56
ROCE %	3%	2%	1%	1%	3%	1%	-8%	0%	-10%	4%	-0%	4%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Actual Operational Days
Days

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xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xxx.xx	xx.xx
			xxx.xx					x,xxx.xx	x,xxx.xx

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Capacity Utilization (Operational Days)
%

Fleet Size (Main Dredgers)
Number of Vessels

Volume of Dredging Done
Million Cubic Metres

Order Book Value
Rs. Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

18 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%
	0.15%	0.25%	0.11%	0.30%	0.34%	0.18%	0.18%	0.45%	0.21%	0.14%	0.51%	0.37%
	7.12%	6.36%	5.30%	5.14%	5.09%	5.63%	6.60%	6.60%	6.25%	6.63%	8.15%	8.31%
	0.07%	0.07%	0.07%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.04%
	19.19%	19.86%	21.06%	21.01%	21.02%	20.65%	19.67%	19.40%	19.99%	19.69%	17.78%	17.81%
No. of Shareholders	47,469	50,174	49,264	45,571	45,346	48,625	46,379	46,265	48,128	47,603	47,651	48,530

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%
	0.50%	0.86%	0.25%	0.02%	0.04%	0.22%	0.36%	0.30%	0.45%	0.37%
	12.20%	8.56%	8.82%	7.23%	6.70%	2.31%	7.12%	5.14%	6.60%	8.31%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.08%	0.08%	0.04%
	13.83%	17.10%	17.46%	19.28%	19.78%	24.00%	18.98%	21.01%	19.40%	17.81%
No. of Shareholders	46,616	51,525	52,662	53,465	54,038	56,661	47,832	45,571	46,265	48,530

* 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.

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Dredging Corporation of India Ltd

Dredging Corporation of India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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