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Dredging Corporation of India Ltd

DREDGECORP

Dredging Corporation of India Ltd

DREDGECORP
IndustrialsDredging
SmallcapWith a market cap of ₹2,325 cr, stock is ranked 1,074
High RiskStock is 4.08x as volatile as Nifty
830.401.82% (-15.40)
830.401.82% (-15.40)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
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SIP
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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsDredging
SmallcapWith a market cap of ₹2,325 cr, stock is ranked 1,074
High RiskStock is 4.08x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsDredging
SmallcapWith a market cap of ₹2,325 cr, stock is ranked 1,074
High RiskStock is 4.08x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
-38.001.84
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
49.106.930.56%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Dredging Corporation of India Limited is engaged in providing dredging services and maritime development.

Peers

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Matching Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 6.32%, vs industry avg of 6.32%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 40.31% to 100%

Matching Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of -1.27%, vs industry avg of -1.27%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue692.28598.97612.12698.52755.29766.92820.161,168.24948.81924.59
Raw Materialssubtract0.000.000.000.000.000.000.000.000.00797.35
Power & Fuel Costsubtract222.02214.15232.67265.33268.50279.50325.15470.01318.87
Employee Costsubtract119.1594.8496.60104.3793.99100.9894.7796.0098.25
Selling & Administrative Expensessubtract145.6079.2634.5441.2365.3769.3918.6826.3024.04
Operating & Other expensessubtract49.4480.6293.13113.76182.98348.26244.49591.83300.83
Depreciation/Amortizationsubtract93.3199.60113.18112.91117.13119.30120.20149.68140.82147.76
Interest & Other Itemssubtract17.6118.2220.2317.5413.9119.9212.1029.3628.4839.07
Taxes & Other Itemssubtract3.234.874.635.357.901.821.201.281.841.59
EPS14.972.656.1213.581.97-61.521.27-70.0812.74-21.85
DPS3.000.002.003.000.000.000.000.000.000.00
Payout ratio0.200.000.330.220.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding73.47%0.64%4.99%0.18%20.72%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.15%0.25%0.11%0.30%0.34%0.18%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 3 Mutual Funds holding Dredging Corporation of India Ltd




Funds (Top 3)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Quant Infrastructure Fund - Growth - Direct Plan

Growth
0.9663%0.64%0.64%21/38 (0)
Quant PSU Fund - Growth - Direct Plan

Growth
0.6153%1.72%1.72%27/28 (-1)
ITI ELSS Tax Saver Fund - Growth - Direct Plan

Growth
0.1661%0.99%0.37%65/76 (-11)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

DREDGECORP has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 31, 2019

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Jul 31, 2019

Cash Dividend

Ex DateEx DateAug 3, 2018

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Aug 3, 2018

Cash Dividend

Ex DateEx DateSep 22, 2016

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Sep 22, 2016

Cash Dividend

Ex DateEx DateSep 22, 2015

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Sep 22, 2015

Cash Dividend

Ex DateEx DateSep 11, 2014

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Sep 11, 2014

News & Opinions
Earnings
Dredging Corporation of India reports standalone net loss of Rs 33.51 crore in the September 2024 quarter

Net loss of Dredging Corporation of India reported to Rs 33.51 crore in the quarter ended September 2024 as against net profit of Rs 16.77 crore during the previous quarter ended September 2023. Sales rose 3.40% to Rs 204.50 crore in the quarter ended September 2024 as against Rs 197.77 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales204.50197.77 3 OPM %-0.7428.90 - PBDT-17.5651.45 PL PBT-55.2918.25 PL NP-33.5116.77 PL Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Dredging Corporation of India to declare Quarterly Result

Dredging Corporation of India will hold a meeting of the Board of Directors of the Company on 13 November 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Dredging Corporation of India schedules AGM

Dredging Corporation of India announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Live Market Update
Indices trade with minor gains; IT shares in demand; VIX rallies 3.21%

The domestic equity benchmarks continued to trade with minor gains in early afternoon trade. The Nifty traded above the 24,350 mark after hitting day's low of 24,212.10 in morning trade. IT shares extended gains for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 150.84 points or 0.19% to 79,856.75. The Nifty 50 index rose 23.65 points or 0.10% to 24,391.15. In the broader market, the S&P BSE Mid-Cap index fell 0.25% and the S&P BSE Small-Cap index added 0.38%. The market breadth was negative. On the BSE, 1,891 shares rose and 2,006 shares fell. A total of 145 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 3.21% to 15.83. The Nifty 29 August 2024 futures were trading at 24,445.10, at a premium of 53.95 points as compared with the spot at 24,391.15. The Nifty option chain for the 29 August 2024 expiry showed maximum Call OI of 38.8 lakh contracts at the 25,000 strike price. Maximum Put OI of 48.3 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty IT index rose 0.61% to 39,280.75. The index added 2.16% in the two consecutive trading sessions. Infosys (up 1.45%), LTIMindtree (up 0.81%), HCL Technologies (up 0.4%), Tech Mahindra (up 0.07%) and Tata Consultancy Services (up 0.06%) added. On the other hand, L&T Technology Services (down 0.81%), Mphasis (down 0.76%) and Coforge (down 0.74%) turned lower. Stocks in Spotlight : Dredging Corporation of India (DCIL) slipped 3.25% after the company's standalone net loss stood at Rs 31.40 crore in Q1 FY25 as compared with a net profit of Rs 15.15 crore in Q1 FY24. Revenue from operations tumbled 45.73% in Q1 FY25 as against Rs 277.89 crore reported in the corresponding period last year. Honasa Consumer (Mamaearth) fell 4.20%. The company reported a consolidated net profit of Rs 40.25 crore in Q1 FY25, up 62.86% as against Rs 24.72 crore recorded in Q1 FY24. Revenue from operations jumped 19.28% to Rs 554.06 crore in Q1 FY25 as against Rs 464.49 crore recorded in the corresponding quarter last year. Mishra Dhatu Nigam (MIDHANI) slipped 5.05% after the company's standalone net profit tumbled 72.44% to Rs 5.11 crore in Q1 FY25 as against Rs 18.54 crore posted in Q1 FY24. Revenue from operations was at Rs 163.45 crore in Q1 FY25, down 12.93% as compared with Rs 187.72 crore posted in Q1 FY24. Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Dredging Corporation of India reports standalone net loss of Rs 31.40 crore in the June 2024 quarter

Net loss of Dredging Corporation of India reported to Rs 31.40 crore in the quarter ended June 2024 as against net profit of Rs 15.15 crore during the previous quarter ended June 2023. Sales declined 26.23% to Rs 150.80 crore in the quarter ended June 2024 as against Rs 204.42 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales150.80204.42 -26 OPM %8.1327.55 - PBDT6.0850.31 -88 PBT-30.9815.66 PL NP-31.4015.15 PL Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Dredging Corporation of India schedules board meeting

Dredging Corporation of India will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live

5 months agoCapital Market - Live

Dredging Corp hits the roof on bagging Rs 156-cr order from Cochin Port Authority

5 months agoBusiness Standard

This PSU stock has zoomed 104% in 6 months; hits over 16-year high

6 months agoBusiness Standard

Dredging Corp hits the roof after Kolkata Port awards contract worth Rs 2,016 crore

6 months agoBusiness Standard

We are targeting more than Rs 1,300-crore turnover in FY24: DCI CEO

1 year agoBusiness Standard