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Dredging Corp

₹610 6.1 | 1%

Market Cap ₹1708 Cr.

Stock P/E 47.9

P/B 1.4

Current Price ₹610

Book Value ₹ 430.9

Face Value 10

52W High ₹1455

Dividend Yield 0%

52W Low ₹ 494.8

Dredging Corp Research see more...

Overview Inc. Year: 1976Industry: Shipping

Dredging Corporation of India Ltd (DCI) is engaged in providing dredging offerings to the major ports in India. The Company is engaged in imparting the offerings of capital dredging, protection dredging, beach nourishment, land reclamation, shallow water dredging, project control consultancy, marine construction. The Company has approximately has two Cutter Suction Dredgers (CSDs), one Backhoe Dredger, one Inland Cutter Suction Dredger and 10 Trailer Suction Hopper Dredgers (TSHDs), apart from other ancillary crafts. DCI owns a contemporary and sophisticated fleet consisting of two cutter suction dredgers, ten trailer suction dredgers, one backhoe dredger one inland and different ancillary crafts. DCI also offers various dredging and allied services to the users in India and Abroad and gives inputs for countrywide improvement.

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Dredging Corp Share Price

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Quarterly Price

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Peer Comparison

Dredging Corp Quarterly Results

#(Fig in Cr.) Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Net Sales 239 371 337 204 198 265 278 151 204 324
Other Income 1 1 1 1 1 1 1 1 1 17
Total Income 240 372 338 205 199 266 279 152 206 342
Total Expenditure 177 310 505 148 140 197 256 139 206 272
Operating Profit 63 62 -167 57 58 70 23 13 -0 70
Interest 6 13 7 7 7 8 7 7 17 12
Depreciation 28 35 49 35 33 34 39 37 38 39
Exceptional Income / Expenses 0 0 0 0 -1 0 0 0 22 -2
Profit Before Tax 29 14 -223 16 17 28 -23 -31 -33 17
Provision for Tax 0 0 0 1 1 0 0 0 1 1
Profit After Tax 29 14 -223 15 17 27 -23 -31 -34 16
Adjustments 0 0 -0 -0 0 0 0 -0 0 0
Profit After Adjustments 29 14 -223 15 17 27 -23 -31 -34 16
Adjusted Earnings Per Share 10.2 4.9 -79.6 5.4 6 9.7 -8.4 -11.2 -12 5.7

Dredging Corp Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 770 735 666 585 592 692 750 764 801 1165 946 957
Other Income 2 9 15 14 20 8 9 3 2 3 3 20
Total Income 773 744 681 599 612 699 759 767 803 1168 949 979
Total Expenditure 584 561 536 469 457 525 611 798 683 1184 741 873
Operating Profit 189 183 145 130 155 175 148 -31 120 -16 208 106
Interest 12 26 18 18 20 18 17 20 12 29 28 43
Depreciation 138 92 93 100 113 113 117 119 120 150 141 153
Exceptional Income / Expenses 0 1 11 0 0 0 0 0 17 0 -1 20
Profit Before Tax 39 65 45 12 22 43 13 -170 5 -195 38 -70
Provision for Tax 1 3 3 5 5 5 8 2 1 1 2 2
Profit After Tax 38 62 42 7 17 38 6 -172 4 -196 36 -72
Adjustments 0 0 0 -0 -1 0 0 0 0 0 0 0
Profit After Adjustments 38 62 42 7 17 38 6 -172 4 -196 36 -72
Adjusted Earnings Per Share 13.4 22.3 15 2.6 6.1 13.6 2 -61.5 1.3 -70.1 12.7 -25.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -19% 7% 6% 2%
Operating Profit CAGR 0% 0% 4% 1%
PAT CAGR 0% 0% -1% -1%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -25% 20% 26% 5%
ROE Average 3% -4% -5% -1%
ROCE Average 4% -2% -2% 0%

Dredging Corp Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 1423 1474 1502 1521 1544 1575 1570 1395 1407 1229 1264
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1256 923 885 700 672 520 412 294 69 113 312
Other Non-Current Liabilities 6 7 10 8 14 15 18 26 29 27 29
Total Current Liabilities 451 409 431 481 415 350 469 549 803 958 800
Total Liabilities 3136 2813 2829 2710 2646 2460 2468 2264 2309 2328 2405
Fixed Assets 2188 1871 1928 1808 1817 1719 1654 1609 1580 1531 1438
Other Non-Current Assets 65 67 49 35 47 12 9 13 30 121 345
Total Current Assets 883 875 852 868 782 729 805 640 698 676 621
Total Assets 3136 2813 2829 2710 2646 2460 2468 2264 2309 2328 2405

Dredging Corp Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 28 57 118 132 70 82 89 70 39 -3 -69
Cash Flow from Operating Activities 268 212 158 87 138 148 117 176 205 148 191
Cash Flow from Investing Activities -733 -9 -17 -8 1 3 6 -1 -89 -173 -290
Cash Flow from Financing Activities 493 -142 -127 -141 -127 -145 -142 -166 -159 -41 87
Net Cash Inflow / Outflow 28 61 14 -62 12 7 -19 10 -43 -66 -12
Closing Cash & Cash Equivalent 57 118 132 70 82 89 70 39 -3 -69 -81

Dredging Corp Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 13.41 22.29 14.97 2.65 6.12 13.58 1.97 -61.52 1.27 -70.07 12.74
CEPS(Rs) 62.81 55.19 48.3 38.22 46.54 53.91 43.8 -18.91 44.2 -16.62 63.04
DPS(Rs) 3 3 3 0 2 3 0 0 0 0 0
Book NAV/Share(Rs) 508.36 526.54 536.37 543.08 551.47 562.45 560.8 498.28 502.63 439.01 451.29
Core EBITDA Margin(%) 24.17 23.66 19.47 19.87 22.8 24.15 18.52 -4.5 14.72 -1.64 21.61
EBIT Margin(%) 6.54 12.48 9.43 5.21 7.1 8.94 4.08 -19.71 2.11 -14.21 6.98
Pre Tax Margin(%) 5.04 8.89 6.78 2.1 3.68 6.27 1.79 -22.31 0.6 -16.73 3.97
PAT Margin (%) 4.87 8.49 6.29 1.27 2.9 5.5 0.74 -22.55 0.45 -16.84 3.77
Cash Profit Margin (%) 22.83 21.03 20.31 18.29 22.02 21.82 16.36 -6.93 15.45 -3.99 18.67
ROA(%) 1.33 2.1 1.49 0.27 0.64 1.49 0.22 -7.28 0.16 -8.46 1.51
ROE(%) 2.66 4.31 2.82 0.49 1.12 2.44 0.35 -11.62 0.25 -14.88 2.86
ROCE(%) 2.04 3.44 2.5 1.26 1.79 2.7 1.41 -7.63 0.96 -10.38 4.13
Receivable days 198.45 183.39 196.03 195.36 161.05 130.1 123.29 108.28 93.74 74.67 85.32
Inventory Days 54.44 55.12 66.09 102.14 119.3 100.16 96.19 90.44 75.21 46.27 48.7
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 17.79 16.76 25.36 259.93 95 31.44 74.1 0 247.51 0 52.81
Price/Book(x) 0.47 0.71 0.71 1.27 1.05 0.76 0.26 0.74 0.63 0.64 1.49
Dividend Yield(%) 1.26 0.8 0.79 0 0.34 0.7 0 0 0 0 0
EV/Net Sales(x) 2.61 2.68 2.92 4.57 3.98 2.54 1.19 1.85 1.33 0.89 2.39
EV/Core EBITDA(x) 10.65 10.77 13.41 20.54 15.18 10.07 6.03 -45.33 8.82 -65.34 10.89
Net Sales Growth(%) 21.34 -4.6 -9.4 -12.12 1.15 16.87 8.38 1.88 4.88 45.44 -18.84
EBIT Growth(%) 106.95 81.98 -31.59 -51.41 37.72 47.21 -50.52 -591.96 111.21 -1081.54 139.86
PAT Growth(%) 83.07 66.22 -32.84 -82.33 131.46 121.83 -85.5 -3224.42 102.07 -5596.39 118.19
EPS Growth(%) 83.07 66.22 -32.84 -82.33 131.46 121.83 -85.5 -3224.42 102.07 -5596.21 118.19
Debt/Equity(x) 0.98 0.71 0.67 0.54 0.52 0.41 0.35 0.31 0.19 0.23 0.34
Current Ratio(x) 1.96 2.14 1.97 1.8 1.88 2.08 1.72 1.17 0.87 0.71 0.78
Quick Ratio(x) 1.71 1.88 1.67 1.4 1.42 1.55 1.39 0.87 0.76 0.63 0.75
Interest Cover(x) 4.35 3.48 3.56 1.67 2.08 3.35 1.78 -7.56 1.39 -5.64 2.32
Total Debt/Mcap(x) 2.09 0.99 0.95 0.42 0.5 0.55 1.35 0.41 0.31 0.36 0.23

Dredging Corp Shareholding Pattern

# Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Promoter 73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47 73.47
FII 0.36 0.36 0.15 0.25 0.11 0.3 0.34 0.18 0.18 0.45
DII 2.35 7.18 7.18 6.43 5.36 5.22 5.17 5.71 6.68 6.68
Public 23.82 18.98 19.2 19.86 21.05 21.01 21.02 20.64 19.67 19.4
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of -4% over the last 3 years.
  • The company has delivered a poor profit growth of -1% over past five 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.

Dredging Corp News

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