Dredging Corporation of India Ltd

About [ edit ]

Dredging Corporation of India Ltd is engaged in providing the services of Capital Dredging , Maintenance Dredging, Beach Nourishment, Land Reclamation, Shallow water Dredging, Project Management Consultancy, Marine Construction.

  • Market Cap 1,150 Cr.
  • Current Price 411
  • High / Low 435 / 121
  • Stock P/E
  • Book Value 548
  • Dividend Yield 0.00 %
  • ROCE 1.26 %
  • ROE 0.35 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.75 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.40% over past five years.
  • Company has a low return on equity of 1.15% for last 3 years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
153 140 148 165 238 196 123 203 228 167 125 259
114 107 194 126 92 165 113 139 193 123 138 250
Operating Profit 39 33 -46 39 146 31 10 64 34 45 -12 9
OPM % 26% 23% -31% 23% 61% 16% 8% 32% 15% 27% -10% 3%
Other Income 15 1 1 4 -0 3 1 1 1 1 1 1
Interest 5 4 4 4 6 4 4 4 2 4 5 5
Depreciation 29 26 30 28 29 29 29 29 30 30 31 30
Profit before tax 20 3 -79 11 112 1 -22 32 3 12 -47 -25
Tax % 15% 16% -1% 13% 0% 45% 0% 1% 262% 3% -1% -1%
Net Profit 17 3 -79 10 111 1 -22 31 -4 11 -47 -26
EPS in Rs 6.11 1.02 -28.27 3.50 39.68 0.29 -7.96 11.20 -1.56 4.09 -16.95 -9.15
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
685 645 507 485 635 770 735 666 585 592 692 750 780
732 551 407 391 524 584 561 536 469 457 525 611 704
Operating Profit -47 94 100 93 111 186 174 130 116 135 167 139 75
OPM % -7% 15% 20% 19% 18% 24% 24% 19% 20% 23% 24% 19% 10%
Other Income 161 50 16 13 3 2 10 26 14 20 7 6 3
Interest 0 1 1 1 3 12 26 18 18 20 18 14 15
Depreciation 53 66 70 88 90 138 92 93 100 113 113 117 121
Profit before tax 62 78 45 17 22 39 65 45 12 22 43 13 -58
Tax % 25% 10% 12% 24% 5% 3% 4% 7% 40% 21% 12% 59%
Net Profit 46 70 40 13 21 38 62 42 7 17 38 6 -66
EPS in Rs 16.56 25.02 14.11 4.71 7.32 13.41 22.29 14.97 2.65 6.12 13.58 1.97 -23.57
Dividend Payout % 30% 12% 0% 0% 27% 22% 13% 20% 0% 33% 22% 0%
Compounded Sales Growth
10 Years:2%
5 Years:0%
3 Years:9%
TTM:2%
Compounded Profit Growth
10 Years:-22%
5 Years:-38%
3 Years:-9%
TTM:-155%
Stock Price CAGR
10 Years:2%
5 Years:6%
3 Years:-15%
1 Year:46%
Return on Equity
10 Years:2%
5 Years:1%
3 Years:1%
Last Year:0%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
28 28 28 28 28 28 28 28 28 28 28 28 28
Reserves 1,241 1,301 1,341 1,354 1,368 1,395 1,446 1,474 1,493 1,516 1,547 1,542 1,506
Borrowings 6 0 1 261 721 1,257 1,040 1,013 818 809 652 552 363
298 240 277 221 356 427 270 319 333 296 236 349 471
Total Liabilities 1,573 1,569 1,646 1,864 2,472 3,108 2,784 2,834 2,672 2,649 2,463 2,471 2,368
312 284 487 533 1,008 2,188 1,871 1,928 1,808 1,817 1,719 1,654 1,656
CWIP 238 269 0 48 23 0 1 38 26 43 8 8 13
Investments 30 30 30 30 30 30 30 4 4 4 4 0 0
992 986 1,129 1,252 1,412 890 882 864 834 786 733 809 699
Total Assets 1,573 1,569 1,646 1,864 2,472 3,108 2,784 2,834 2,672 2,649 2,463 2,471 2,368

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
107 -27 102 72 -37 268 212 158 87 138 148 117
-12 -40 -100 -489 -530 -733 -9 -17 -8 1 3 6
-36 -22 -10 260 517 493 -142 -127 -141 -127 -145 -142
Net Cash Flow 58 -88 -8 -157 -50 28 61 14 -62 12 7 -19

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 5% 6% 3% 1% 1% 2% 3% 2% 1% 1% 3% 1%
Debtor Days 165 229 275 276 272 173 185 188 177 147 135 122
Inventory Turnover 3.48 1.95 2.17 1.67 2.01 2.86 2.39 1.73 1.27 1.18 1.37 1.34

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47
0.86 0.80 0.77 0.20 0.25 0.91 0.42 0.17 0.02 0.02 0.06 0.02
8.56 8.61 8.61 8.67 8.82 8.85 8.37 8.22 7.23 6.94 6.71 6.71
17.10 17.12 17.15 17.66 17.46 16.76 17.74 18.14 19.28 19.57 19.76 19.80

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