Dredging Corporation of India
Dredging Corporation of India
Engineering ServicesKey Fundamentals
MicrocapDredgingEngineering ServicesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
3- 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 -0.21% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoDredging Corporation of India Ltd trades at a market cap of ₹3,041 Cr with an extremely elevated P/E of 632.4x, reflecting minimal profitability despite a 110% TTM profit growth off a very low base. The company has delivered weak long-term returns on equity averaging around 0% over three years and -3% over five years, while the stock price has appreciated 54% in the last one year driven largely by sentiment rather than fundamentals.
- TTM profit growth of 110% indicates a sharp turnaround from near-zero or negative earnings in prior periods
- Stock CAGR of 54% over 1 year reflects strong market momentum and investor interest in the infrastructure/services theme
- 3-year stock CAGR of 43% significantly outperforms broader market returns over the same period
- 5-year compounded sales growth of 10% shows the company has been able to grow its topline at a reasonable pace
- TTM sales growth of 6% indicates continued revenue traction in the current period
- 5-year compounded profit growth of 15% suggests gradual improvement in earnings trajectory over medium term
- As a government-owned dredging entity, the company benefits from sovereign project pipelines in port development and waterway expansion with limited private competition
- P/E ratio of 632.4x is extraordinarily high, implying the stock is priced for perfection with negligible current earnings support
- 3-year average ROE of approximately 0% and 5-year ROE of -3% indicate persistent inability to generate meaningful shareholder returns
- Low interest coverage ratio signals potential stress in servicing debt obligations from operating profits
- 5-year sales CAGR of only 9.6% reflects poor topline growth for a company in the infrastructure services space
- Zero dividend yield means shareholders receive no income return despite the company being a PSU
- 10-year compounded profit growth of -17% shows long-term structural earnings deterioration
- P/B ratio of 2.45x is elevated for a company with near-zero or negative returns on equity, suggesting the market is pricing in expectations well beyond current fundamentals
- 3-year compounded sales growth of just 1% indicates near-stagnation in revenue during the recent period
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 69d ago- New Chairman Bindra appointed Jun 9
Jasmeet Singh Bindra, a 1996 batch IRTS officer with transportation and logistics experience, appointed as Additional Director and Chairman effective June 9, 2026. Shareholder approval sought via postal ballot with e-voting from July 8 to August 7, 2026.
- Trading window closed for Q1FY27 Jun 23
DCI closed its trading window from July 1, 2026, until 48 hours after Q1FY27 results are announced to comply with insider trading regulations.
TL;DR: A quiet period for Dredging Corporation of India with no material business developments — only routine governance actions including a new Chairman appointment and standard trading window closure ahead of quarterly results. No operational or financial updates provide directional signals. Investors should watch for Q1FY27 results for clarity on revenue traction and order pipeline.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 204 | 198 | 265 | 278 | 151 | 204 | 324 | 462 | 242 | 212 | 276 | 478 | 355 |
| Expenses | 148 | 141 | 197 | 259 | 139 | 206 | 272 | 386 | 195 | 187 | 243 | 335 | 294 |
| Operating Profit | 56 | 57 | 69 | 19 | 12 | -2 | 52 | 77 | 47 | 25 | 33 | 143 | 62 |
| OPM % | 28% | 29% | 26% | 7% | 8% | -0.7% | 16% | 17% | 19% | 12% | 12% | 30% | 17% |
| Other Income | 1 | 0 | 1 | 1 | 1 | 23 | 16 | -1 | 1 | 1 | 1 | 2 | 1 |
| Interest | 7 | 7 | 8 | 7 | 7 | 17 | 12 | 17 | 31 | 23 | 11 | 24 | 10 |
| Depreciation | 35 | 33 | 34 | 39 | 37 | 38 | 39 | 38 | 40 | 37 | 48 | 33 | 42 |
| PBT | 16 | 17 | 28 | -26 | -31 | -33 | 17 | 21 | -23 | -33 | -25 | 87 | 12 |
| Tax % | 3% | 4% | 2% | 1% | 1% | 2% | 4% | -1% | 1% | 3% | 0% | 1% | 2% |
| Net Profit | 15 | 17 | 27 | -26 | -31 | -34 | 16 | 21 | -23 | -34 | -25 | 87 | 11 |
| EPS in Rs | 5.41 | 5.99 | 9.72 | -9.28 | -11.21 | -11.97 | 5.74 | 7.64 | -8.33 | -12.21 | -8.8 | 31.04 | 4.01 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 735 | 666 | 585 | 592 | 692 | 750 | 764 | 801 | 1,165 | 946 | 1,127 | 1,208 | 1,322 |
| Expenses | 561 | 536 | 469 | 457 | 525 | 611 | 798 | 683 | 1,184 | 744 | 988 | 961 | 1,059 |
| Operating Profit | 174 | 130 | 116 | 135 | 167 | 139 | -34 | 118 | -19 | 202 | 140 | 248 | 263 |
| OPM % | 24% | 19% | 20% | 23% | 24% | 19% | -4.5% | 15% | -1.6% | 21% | 12% | 20% | 20% |
| Other Income | 10 | 26 | 14 | 20 | 7 | 6 | 3 | 19 | 3 | 3 | 24 | 6 | 6 |
| Interest | 26 | 18 | 18 | 20 | 18 | 14 | 20 | 12 | 29 | 28 | 38 | 89 | 67 |
| Depreciation | 92 | 93 | 100 | 113 | 113 | 117 | 119 | 120 | 150 | 141 | 152 | 158 | 160 |
| PBT | 65 | 45 | 12 | 22 | 43 | 13 | -170 | 5 | -195 | 35 | -26 | 7 | 41 |
| Tax % | 4% | 7% | 40% | 21% | 12% | 59% | 1% | 25% | 1% | 5% | 5% | 28% | — |
| Net Profit | 62 | 42 | 7 | 17 | 38 | 6 | -172 | 4 | -196 | 33 | -27 | 5 | 39 |
| 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 | 1.7 | 14.04 |
| Div. Payout % | 13% | 20% | 0% | 33% | 22% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
| Borrowings | 1,040 | 1,013 | 818 | 809 | 652 | 552 | 427 | 273 | 281 | 558 | 923 | 1,087 |
| Other Liabilities | 270 | 319 | 333 | 296 | 236 | 349 | 444 | 627 | 817 | 581 | 518 | 748 |
| Total Liabilities | 2,784 | 2,834 | 2,672 | 2,649 | 2,463 | 2,471 | 2,266 | 2,307 | 2,326 | 2,395 | 2,662 | 3,066 |
| Fixed Assets | 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 |
| Other Assets | 882 | 864 | 834 | 786 | 733 | 809 | 645 | 698 | 791 | 620 | 736 | 964 |
| Total Assets | 2,784 | 2,834 | 2,672 | 2,649 | 2,463 | 2,471 | 2,266 | 2,307 | 2,326 | 2,395 | 2,662 | 3,066 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 212 | 158 | 87 | 138 | 148 | 117 | 176 | 205 | 148 | 191 | 112 | 142 |
| Investing | -9 | -17 | -8 | 1 | 3 | 6 | -1 | -89 | -173 | -290 | -477 | -368 |
| Financing | -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
| Particulars | 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 | 82 | 71 |
| Cash Conversion Cycle | 185 | 188 | 177 | 147 | 135 | 122 | 96 | 96 | 84 | 68 | 82 | 71 |
| Working Capital Days | 178 | 161 | 201 | 178 | 155 | 131 | 22 | -90 | -98 | -88 | -20 | -56 |
| ROCE % | 3% | 2% | 1% | 1% | 3% | 1% | -8% | 0% | -10% | 4% | 0% | 4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Dredging Corporation of India insights
59 extracted metrics + investor summaries across FY11–FY26.
Documents
Frequently Asked Questions about Dredging Corporation of India
What does Dredging Corporation of India Ltd do?
Where is Dredging Corporation of India Ltd (DREDGECORP) listed?
Which sector does Dredging Corporation of India Ltd belong to?
What is the market capitalisation of Dredging Corporation of India Ltd?
What is the PE ratio of Dredging Corporation of India Ltd?
What is the 52-week high and low of Dredging Corporation of India Ltd?
What is the Return on Equity (ROE) of Dredging Corporation of India Ltd?
Company Information
Dredging Corporation of India Limited (DCI) is engaged in providing integrated dredging services to ports, Indian Navy and other maritime organizations in India.[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/DREDGECORP.md for Dredging Corporation of India Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.