DREDGECORPServices

Dredging Corporation of India Limited

Dredging · ISIN INE506A01018 · BSE 523618 · NSE EQ · FV ₹10
Last price
₹988
+0.02%today
What this company does

Dredging Corporation of India Limited operates in Dredging, part of the Services sector. It booked ₹355 cr of revenue in its latest quarter (Q1 FY27) and kept 3.2% of sales as profit.

Anchored in Legacy, Advancing into Tomorrow Dredging Corporation of India Limited (DCI), established in 1976, has remained synonymous with excellence in maritime infrastructure development. We commenced our journey by serving the dredging needs of the country’s major ports.
In the report:
45out of 100
Equitytale Health Score
Mixed

Healthier than 45% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 50–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns29

How much profit it earns on the money it employs

Balance sheet18

How much it owes, and whether earnings cover the interest

Cash quality97

Whether reported profit actually arrives as cash

Growth & consistency36

Whether sales and profit have grown, and how steadily

Valuation27

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 47% vs last year
Promoters hold 73%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 3.2% net margin
! Low 3.7% return on equity

What if I invest in DREDGECORP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹988 +0.02%
latest close · 2026-09-17
1-year return
+182.6%
52-wk low ₹24852-wk high ₹1,204
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio61.6High
LowAverageHigh
P/B ratio2.25Moderate
Below bookModerateHigh
EV / EBITDA14.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.7%Weak
WeakFairStrong ▸15%
Return on capital4.1%Weak
WeakFairStrong
Net margin3.2%Thin
ThinDecentStrong
EBITDA margin17.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.88Moderate
LowModerateHigh ▸1
Interest cover2.2×Okay
RiskyOkayStrong ▸5×
Current ratio0.96Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹2,766 cr
Book value
₹439
EPS
₹4.01
latest quarter
Net debt
₹945 cr
owes more than its cash
Enterprise value
₹3,711 cr
EBITDA
₹252 cr
annualised
EBIT
₹85 cr
annualised
Operating margin
6.0%
Return on assets
1.5%
Earnings yield
1.62%
P/S
1.95
Sales / share
₹507.8
Tax rate
2.3%
Face value
₹10
Shares
2.8 cr
Working capital
₹-42 cr
Current assets
₹963 cr
Current liabilities
₹1,006 cr
Delivery %
41.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹14₹21, midpoint ₹17

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹355 cr
Other Income₹1 cr
Total Income₹356 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹30 cr
Finance Costs₹10 cr
Depreciation & Amortisation₹42 cr
Other Expenses₹263 cr
Total Expenses₹345 cr
Profit before Tax₹11 cr
Tax Expense₹26 L
Net Profit₹11 cr
Net margin on total income3.2%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹30 cr8.5%
Finance costs₹10 cr2.8%
Depreciation & amortisation₹42 cr11.7%
Other expenses₹263 cr73.9%
Tax expense₹26 L0.1%
Profit for the period₹11 cr3.2%
Total income ₹356 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue276 cr478 cr355 cr
Total income278 cr480 cr356 cr
Expenses302 cr393 cr345 cr
Profit before tax-25 cr87 cr11 cr
Tax4.2 L53.5 L26 L
Net profit (owners' share)-25 cr87 cr11 cr
Net margin (owners' share, on revenue)-8.9%18.2%3.2%
EPS (₹)-8.8034.624.01
YoY (latest quarter): total income +46.5% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹3,066 cr
Shareholder equity
₹1,230 cr
parent shareholders
Total debt
₹1,087 cr
Cash
₹143 cr
Cash flow · H1 FY26
Operating
₹171 cr
Investing
₹-130 cr
Financing
₹35 cr
Peer comparison
Services · by market value (sector-level match)
CompanyPriceMarket capP/E
Adani Ports and Special Economic Zone Limited₹1,738₹4.00 L cr27.7
InterGlobe Aviation Limited₹4,845₹1.87 L cr
GMR AIRPORTS LIMITED₹95₹1.56 L cr264.0
JSW Infrastructure Limited₹327₹75,897 cr49.5
Container Corporation of India Limited₹488₹37,178 cr34.6
Delhivery Limited₹426₹31,897 cr247.6
Redington Limited₹400₹31,278 cr16.1
The Great Eastern Shipping Company Limited₹1,425₹20,346 cr3.9
Firstsource Solutions Limited₹273₹19,035 cr28.4
Same sector · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹3
ex 31 Jul 2019
ActionDetailEx-date
Dividend₹3 / share31 Jul 2019
Dividend₹2 / share3 Aug 2018
Dividend₹3 / share22 Sep 2016
Dividend₹3 / share22 Sep 2015
Dividend₹3 / share11 Sep 2014
Dividend₹2 / share12 Sep 2013
Who owns it · 2026-06-30
No pledge
Promoter
73.5%
FII / Foreign
1.0%
DII / Domestic
6.7%
Retail / others
18.8%
Smart-money activity
Insider trades
BoughtDEENDAYAL PORT TRUST · Other50.40 L · ₹108 Mar 19
BoughtVISAKHAPATNAM PORT TRUST · Other54.52 L · ₹108 Mar 19
BoughtPARADIP PORT TRUST · Other50.40 L · ₹108 Mar 19
Bulk / block deals
BoughtQE SECURITIES LLP · NSE3.15 L @ ₹1,104.0920 May 26
SoldQE SECURITIES LLP · NSE3.11 L @ ₹1,109.4820 May 26
SoldPUMA SECURITIES · NSE2.16 L @ ₹1,113.5320 May 26
Stake changes
BoughtInvesco Mutual Fund under it's following Scheme: 1) Invesco india Flexi Cap Fund→ 5.21% · 80,02930 Jul 26
SoldLife Insurance Corporation of India→ 4.91% · 5.75 L20 Jan 20
SoldLife Insurance Corporation of India→ 4.91% · 5.75 L20 Jan 20
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 7 Aug 2026
See the official result
1
Appointment of Shri Jasmeet Singh Bindra, IRTS (DIN No. 07231249) as a Director (Promoter, Non-Executive and Non-Independent Director) and Chairman of the Company
Backed by 99% of shareholders other than promotersneeded 50%
15.36 L votes for, 10,847 against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 73.5% between them · as of 2026-06-30
VISAKHAPATNAM PORT TRUST19.47%
DEENDAYAL PORT AUTHORITY18.00%
JAWAHARLAL NEHRU PORT AUTHORITY18.00%
PARADIP PORT TRUST18.00%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.