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Dredging Corporation Of India Limited (DREDGECORP) · mywealthgrid

About

Dredging Corporation Of India operates in dredging services, a capital-intensive engineering business within India's industrials sector, with a market capitalization of ₹3,265.92 Cr. The business is characterized by project-based revenue and execution-dependent profitability.

Face value: ₹10

Market cap

₹2,507 Cr

P/E

63.7×

P/B

2.0×

Dividend yield

ROE

0.4%

ROCE

4.8%

Debt / equity

0.88

OPM

20.5%

EPS (TTM)

₹14.1

Book value

₹439.4

52-week high

₹1,232.5

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability volatility: four of eight recent quarters posted net losses up to ₹34.18 Cr (Sep 2025), indicating project execution or milestone risks—verify root causes and project delivery track record.
Valuation risk: PE of 83.02 demands aggressive earnings growth; with ROE of just 0.39%, verify order book depth and margin sustainability before assuming growth will materialize.
Revenue and margin inconsistency: OPM ranged from -0.74% to 29.89% across recent quarters and revenue spans ₹204.5 Cr to ₹478.23 Cr, creating earnings volatility—verify the stability of cost structure and contract execution.

Generated analysis · source review pending

Growth drivers

Mar 2026 demonstrated 29.89% OPM and ₹86.91 Cr net profit when project execution is strong—verify if recent contract wins indicate sustained demand and whether margins can be held at these levels.
Jun 2026 revenue recovered to ₹355.43 Cr with EPS 4.01 after losses in the preceding three quarters—verify which contracts drove the turnaround and if this represents operational stabilization.
Quarterly revenue spans ₹204.5 Cr to ₹478.23 Cr, indicating a substantial project pipeline—verify order book composition, customer base, and 12-month contract visibility.

Generated analysis · source review pending

₹895.2+41.7%1Y

Beta

1.36

Amplifies index moves

Volatility (1y)

60.5%

Annualised, daily returns

RSI (14)

18.4

Oversold territory

Rel. strength (1y)

25.3%

Ahead of the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Healthy operating margin of 20.5%
+High promoter holding of 73.5% with no pledge
+Outperformed the universe by 25.3% over 1 year

Cons

−Low return on equity of 0.3% (3-yr avg)
−Profit declined 27.7% a year over the last 3 years
−Modest revenue growth of 9.6% a year over the last 5 years
−Weak interest coverage of 1.1×
−Expensive at 63.7× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

36/100

Business quality: 22
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Adani Ports And Special Economic Zone LimitedADANIPORTSADANIPORTS	₹4,00,389 Cr	₹4,55,492 Cr	₹40,430 Cr	₹23,897 Cr	59%	₹11,022 Cr	33%	13.7%	1.2%	13
InterGlobe AviationINDIGOINDIGO	₹1,90,590 Cr	₹1,92,396 Cr	₹89,050 Cr	₹10,024 Cr	14.1%	₹-4,806 Cr	-2.8%	6.4%	-29.3%	-17
Gmr Airports LimitedGMRAIRPORTGMRAIRPORT	₹98,368 Cr	₹1,40,564 Cr	₹15,566 Cr	₹6,039 Cr	38.9%	₹478 Cr	3.2%	10.5%	—	-278
Jsw Infrastructure LimitedJSWINFRAJSWINFRA	₹83,286 Cr	₹89,696 Cr	₹5,582 Cr	₹2,696 Cr	48.6%	₹1,485 Cr	28.9%	13.8%	14.8%	42
Container Corporation Of India LimitedCONCORCONCOR	₹33,663 Cr	₹33,687 Cr	₹9,085 Cr	₹1,962 Cr	21.5%	₹1,242 Cr	13.7%	12.5%	9.8%	10
Redington LimitedREDINGTONREDINGTON	₹31,112 Cr	₹33,749 Cr	₹1,28,133 Cr	₹2,537 Cr	1.9%	₹1,701 Cr	1.1%	21.7%	15.8%	34
Delhivery LimitedDELHIVERYDELHIVERY	₹29,952 Cr	₹29,955 Cr	₹11,145 Cr	₹633 Cr	6.1%	₹94 Cr	1.5%	2.8%	1.6%	7
The Great Eastern Shipping Company LimitedGESHIPGESHIP	₹21,857 Cr	₹22,906 Cr	₹6,213 Cr	₹3,843 Cr	58.2%	₹3,747 Cr	54.4%	18.4%	18.8%	31
Firstsource Solutions LimitedFSLFSL	₹17,453 Cr	₹19,390 Cr	₹10,064 Cr	₹1,660 Cr	16.3%	₹671 Cr	7.1%	19.9%	15.9%	54
Eclerx Services LimitedECLERXECLERX	₹16,965 Cr	₹16,965 Cr	₹4,335 Cr	₹1,096 Cr	25.5%	₹729 Cr	17.2%	34.3%	29%	78
Shadowfax Technologies LimitedSHADOWFAXSHADOWFAX	₹15,982 Cr	₹15,982 Cr	₹4,202 Cr	₹212 Cr	5%	₹112 Cr	2.7%	9.6%	10.4%	10
Central Mine Planning & Design Institute LimitedCMPDICMPDI	₹14,593 Cr	₹14,593 Cr	₹2,317 Cr	₹778 Cr	33.6%	₹613 Cr	26.5%	34.6%	26.9%	-3,226

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	666	586	592	692	750	764	799	1,165	946	1,142	1,208
	536	469	457	521	611	798	681	990	741	1,002	961
	130	117	135	171	139	-34	118	175	204	140	248
OPM %	19.5%	20%	22.8%	24.8%	18.5%	-4.5%	14.7%	15%	21.6%	12.2%	20.5%
Depreciation	93	100	113	113	117	119	120	136	141	152	158
Interest	18	19	20	18	14	20	12	29	28	38	89
	15	14	20	7	6	3	19	3	3	24	6
Profit before tax	45	12	22	48	13	-171	5	14	38	-26	7
Tax	3	5	5	3	8	2	1	1	2	1	2
Tax %	7.2%	39.7%	21.3%	6.2%	58.9%	1.1%	26%	9.3%	4.9%	5.3%	27.7%
	42	7	17	45	6	-172	3	13	36	-27	5
PAT margin %	6.3%	1.3%	2.9%	6.5%	0.7%	-22.6%	0.4%	1.1%	3.8%	-2.4%	0.4%
EPS (₹)	—	—	5.9	15.9	2	-60.1	1.8	5.4	12.3	-12.1	5.3
EPS adjusted (₹)	15	—	6.1	15.9	2	-61.6	1.2	4.5	12.7	-9.8	1.7
	—	—	33.7%	18.8%	0%	—	0%	0%	0%	—	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	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
Reserves	1,516	1,516	1,547	1,542	1,367	1,395	1,395	1,236	1,193	1,202
	900	672	520	412	133	273	262	426	923	1,087
	441	429	365	486	736	630	724	713	503	748
Total equity & liabilities	2,885	2,646	2,460	2,468	2,264	2,326	2,408	2,403	2,647	3,066
	1,932	1,817	1,719	1,654	1,609	1,599	1,526	1,438	1,343	1,207
CWIP	36	43	8	8	12	29	5	31	584	894
Investments	30	4	4	—	—	0	0	0	0	0
	887	783	730	805	643	698	877	933	721	964
Total assets	2,885	2,646	2,460	2,468	2,264	2,326	2,408	2,403	2,647	3,066

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	24.8%	18.5%	-4.5%	14.7%	15%	21.6%	12.2%	20.5%
EBIT margin %	8.4%	2.9%	-20.1%	-0.3%	3.4%	6.7%	-1%	7.4%
PAT margin %	6.5%	0.7%	-22.6%	0.4%	1.1%	3.8%	-2.4%	0.4%
Working capital
Receivable days	135	122	96	96	106	68	81	71
Inventory days	131	124	78	86	50	57	49	67
Payable days	89	78	—	201	152	131	88	73
NWC days	177	169	—	-20	4	-5	42	65
Leverage
Current ratio	2.08	1.72	—	0.87	0.99	0.78	1.01	0.96
Debt to EBITDA	3.04	2.97	—	2.32	1.5	2.09	6.61	4.39
Debt to equity	0.33	0.26	0.1	0.19	0.18	0.34	0.76	0.88
Interest coverage	3.7	2	-7.6	-0	1.5	2.3	-0.2	1.1
Asset turnover	0.28	0.3	0.34	0.34	0.48	0.39	0.43	0.39
Return ratios
Return on assets %	1.8%	0.2%	-7.6%	0.1%	0.5%	1.5%	-1%	0.2%
Return on capital employed %	3%	1.3%	-8.1%	-0%	2.7%	4.1%	-0.3%	4.8%
Return on equity %	2.8%	0.4%	-12.4%	0.2%	0.9%	2.8%	-2.2%	0.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%
	0.25%	0.11%	0.3%	0.34%	0.18%	0.18%	0.45%	0.21%	0.15%	0.51%	0.38%	1.03%
	6.36%	5.3%	5.14%	5.09%	5.63%	6.6%	6.6%	6.25%	6.62%	8.15%	8.32%	6.67%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0.08%	0.08%	0.04%	0.04%
	19.92%	21.12%	21.09%	21.1%	20.72%	19.75%	19.48%	20.07%	19.68%	17.79%	17.79%	18.79%
No. of shareholders	—	—	—	—	—	—	—	—	47,603	47,651	48,530	49,078

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Dredging Corporation Of India Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

As attached13 Apr 2026

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

11

Final dividend31 Jul 2019 · ex-date₹3
Dividend dividend3 Aug 2018 · ex-date₹2
Dividend dividend22 Sept 2016 · ex-date₹3
Dividend dividend22 Sept 2015 · ex-date₹3
Dividend dividend11 Sept 2014 · ex-date₹3
Dividend dividend12 Sept 2013 · ex-date₹2
Dividend dividend17 Aug 2010 · ex-date₹3
Dividend dividend2 Sept 2009 · ex-date₹5
Final dividend5 Sept 2008 · ex-date₹7.5
Interim dividend7 Mar 2008 · ex-date₹7.5
Final dividend6 Sept 2007 · ex-date₹9

1

Board meeting to consider results4 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

102 announcementsExport CSV

6 Jul 2026, 3:45 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

Postal Ballot PDF

23 Jun 2026, 1:05 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

9 Jun 2026, 5:10 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

2 Jun 2026, 12:53 pmAGM/EGM

Dredging Corporation of India Ltd - 523618 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Postal Ballot PDF

23 May 2026, 2:20 pmCompany Update

Intimation Of Appointment Of Shri Jasmeet Singh Bindra, IRTS As Chairman Of Visakhapatnam Port Authority -Reg

General PDF

19 May 2026, 6:43 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

19 May 2026, 6:38 pmCompany Update

Related Party Transactions For The Period Ended 31.03.2026

General PDF

19 May 2026, 6:31 pmBoard Meeting

Board Meeting Outcome for Audited Financial Results For The Year / Periuod Ended 31.03.2026

Outcome of Board Meeting PDF

Date	Category	Subject	Filing
6 Jul 2026, 3:45 pm	AGM/EGM Postal Ballot	Shareholder Meeting / Postal Ballot-Notice of Postal Ballot	PDF
23 Jun 2026, 1:05 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF

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120 deals · 2 Feb 2022 – 20 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
20 May 2026	QE SECURITIES LLP	Bulk	NSE	Buy	3,15,292	₹1,104.09	₹34.81 Cr
20 May 2026	QE SECURITIES LLP	Bulk	NSE	Sell	3,10,515	₹1,109.48	₹34.45 Cr
20 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	2,83,662	₹1,108.84	₹31.45 Cr
20 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	2,80,093	₹1,107.94	₹31.03 Cr
20 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	2,57,992	₹1,106.62	₹28.55 Cr
20 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	2,57,992	₹1,106.24	₹28.54 Cr
20 May 2026	NAND KISHORE TAORI	Bulk	NSE	Sell	2,44,929	₹1,110.44	₹27.20 Cr
20 May 2026	NAND KISHORE TAORI	Bulk	NSE	Buy	2,44,929	₹1,115.09	₹27.31 Cr
20 May 2026	PUMA SECURITIES	Bulk	NSE	Buy	2,16,468	₹1,113.41	₹24.10 Cr
20 May 2026	PUMA SECURITIES	Bulk	NSE	Sell	2,16,468	₹1,113.53	₹24.10 Cr

1–10 of 120

1 / 12

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	158	87	138	148	117	129	294	140	191	112	142
	-17	-8	1	3	6	-4	-89	-336	-290	-477	-368
	-127	-141	-127	-145	-142	-146	-159	-38	118	363	321
Net cash flow	14	-62	12	—	—	-22	46	-234	19	-2	95
Free cash flow	—	—	—	—	—	126	182	140	191	112	142
CFO / Operating profit %	121.8%	74.3%	102.1%	86.5%	84.5%	—	249.6%	80%	93.3%	80.1%	57.5%

Dredging Corporation Of India Limited

Dredging Corporation Of India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

11

1

Announcements

Not in the F&O segment

11

1

No fund holdings on record

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Dredging Corporation Of India Limited

Dredging Corporation Of India Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends11

Board meetings1

Announcements

Not in the F&O segment

Dividends11

Board meetings1

Ratio timeline

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

11

1

11

1