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 ₹ 3,270 Cr.
- Current Price ₹ 1,168
- High / Low ₹ 1,458 / 425
- Stock P/E
- Book Value ₹ 451
- Dividend Yield 0.00 %
- ROCE 4.18 %
- ROE 2.92 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.59 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.45% over past five years.
- Company has a low return on equity of -4.33% 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
635 | 770 | 735 | 666 | 585 | 592 | 692 | 750 | 764 | 801 | 1,165 | 946 | 892 | |
524 | 584 | 561 | 536 | 469 | 457 | 525 | 611 | 798 | 683 | 1,184 | 741 | 732 | |
Operating Profit | 111 | 186 | 174 | 130 | 116 | 135 | 167 | 139 | -34 | 118 | -19 | 204 | 160 |
OPM % | 18% | 24% | 24% | 19% | 20% | 23% | 24% | 19% | -4% | 15% | -2% | 22% | 18% |
3 | 2 | 10 | 26 | 14 | 20 | 7 | 6 | 3 | 19 | 3 | 3 | 3 | |
Interest | 3 | 12 | 26 | 18 | 18 | 20 | 18 | 14 | 20 | 12 | 29 | 28 | 28 |
Depreciation | 90 | 138 | 92 | 93 | 100 | 113 | 113 | 117 | 119 | 120 | 150 | 141 | 143 |
Profit before tax | 22 | 39 | 65 | 45 | 12 | 22 | 43 | 13 | -170 | 5 | -195 | 38 | -9 |
Tax % | 5% | 3% | 4% | 7% | 40% | 21% | 12% | 59% | 1% | 25% | 1% | 5% | |
21 | 38 | 62 | 42 | 7 | 17 | 38 | 6 | -172 | 4 | -196 | 36 | -11 | |
EPS in Rs | 7.32 | 13.41 | 22.29 | 14.97 | 2.65 | 6.12 | 13.58 | 1.97 | -61.52 | 1.28 | -70.07 | 12.74 | -3.88 |
Dividend Payout % | 27% | 22% | 13% | 20% | 0% | 33% | 22% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 6% |
3 Years: | 7% |
TTM: | -23% |
Compounded Profit Growth | |
---|---|
10 Years: | 0% |
5 Years: | -1% |
3 Years: | 30% |
TTM: | 94% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 31% |
3 Years: | 45% |
1 Year: | 128% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | -5% |
3 Years: | -4% |
Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
Reserves | 1,368 | 1,395 | 1,446 | 1,474 | 1,493 | 1,516 | 1,547 | 1,542 | 1,367 | 1,379 | 1,201 | 1,236 |
721 | 1,257 | 1,040 | 1,013 | 818 | 809 | 652 | 552 | 427 | 273 | 281 | 426 | |
356 | 427 | 270 | 319 | 333 | 296 | 236 | 349 | 444 | 627 | 817 | 713 | |
Total Liabilities | 2,472 | 3,108 | 2,784 | 2,834 | 2,672 | 2,649 | 2,463 | 2,471 | 2,266 | 2,307 | 2,326 | 2,403 |
1,008 | 2,188 | 1,871 | 1,928 | 1,808 | 1,817 | 1,719 | 1,654 | 1,609 | 1,580 | 1,531 | 1,438 | |
CWIP | 23 | 0 | 1 | 38 | 26 | 43 | 8 | 8 | 12 | 29 | 5 | 31 |
Investments | 30 | 30 | 30 | 4 | 4 | 4 | 4 | 0 | 0 | 0 | 0 | 0 |
1,412 | 890 | 882 | 864 | 834 | 786 | 733 | 809 | 645 | 698 | 791 | 933 | |
Total Assets | 2,472 | 3,108 | 2,784 | 2,834 | 2,672 | 2,649 | 2,463 | 2,471 | 2,266 | 2,307 | 2,326 | 2,403 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-37 | 268 | 212 | 158 | 87 | 138 | 148 | 117 | 176 | 205 | 148 | 191 | |
-530 | -733 | -9 | -17 | -8 | 1 | 3 | 6 | -1 | -89 | -173 | -290 | |
517 | 493 | -142 | -127 | -141 | -127 | -145 | -142 | -166 | -159 | -38 | 118 | |
Net Cash Flow | -50 | 28 | 61 | 14 | -62 | 12 | 7 | -19 | 10 | -43 | -63 | 19 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 272 | 173 | 185 | 188 | 177 | 147 | 135 | 122 | 96 | 96 | 84 | 68 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 272 | 173 | 185 | 188 | 177 | 147 | 135 | 122 | 96 | 96 | 84 | 68 |
Working Capital Days | 331 | 183 | 179 | 161 | 201 | 178 | 155 | 131 | 86 | 2 | -46 | -44 |
ROCE % | 1% | 2% | 3% | 2% | 1% | 1% | 3% | 1% | -8% | 0% | -10% | 4% |
Documents
Announcements
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STATEMENTOFMATERIALDEVIATIONIN COMPLIANCEWITHREGULATION32(1)OFSEBI(LODR)REGULATIONS- 30092024
21h - No new allotment of equity shares for Q3 2024.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Certificate under Regulation 74(5) for dematerialisation.
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Disclosure under Regulation 30A of LODR
1 Oct - Extension of tenure for Managing Director & CEO.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 28 Sep
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Sep - Strategic disinvestment of 73.47% equity and financial results.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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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
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Financial Year 2012
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Financial Year 2011
from bse
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]