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Dredging Corporation of India Ltd

₹ 1,128-0.19%
16 Jan – close price
🔗dredge-india.com•BSE: 523618•NSE: DREDGECORP
Market Cap₹ 3,161 Cr.
Current Price₹ 1,128
High / Low₹ 1,159
Stock P/Enull
Book Value₹ 414
Dividend Yield0.00 %
ROCE-0.31 %
ROE-3.67 %
Face Value₹ 10.0
Sales₹ 1,241 Cr.
OPM16.2 %
Mar Cap₹ 3,161 Cr.

ABOUT

Dredging Corporation of India Limited (DCI) is engaged in providing integrated dredging services to ports, Indian Navy and other maritime organizations in India.[1]

KEY POINTS

Market PositionThe company is one of the largest companies in the domestic dredging market with over80% market sharein the maintenance dredging for major ports.[1]

Also present in buckets:
Aggressive Growth TriggersAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Knowledge Marine1876.7092.644568.280.0011.89-10.9050.17-4.4024.67203.7339.8949.3111.2016.9115.070.61
2.Dredging Corpn.1128.05–3160.640.00-34.1838.37211.793.56-0.311240.8816.19-15.86-34.182.73-1.810.91
–Median: 2 Co.1502.3892.643864.460.0-11.1413.73130.98-0.4212.18722.3128.0416.73-11.499.826.630.76

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
239371337204198265278151204324462242212
Expenses
177310505148141197259139206272386195187
Operating Profit
6261-1675657691912-252774725
Other Income
111101112316-111
Profit before tax
2914-223161728-26-31-331721-23-33
Tax %
1%3%0%3%4%2%1%1%2%4%-1%1%3%
Net Profit
2914-223151727-26-31-341621-23-34
EPS in Rs
10.224.94-79.625.415.999.72-9.28-11.21-11.975.747.64-8.33-12.21

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
7707356665855926927507648011,1659461,1421,241
Expenses
5845615364694575256117986831,1847441,0021,040
Operating Profit
186174130116135167139-34118-19202140201
Other Income
21026142076319332417
Interest
12261818201814201229283884
Depreciation
1389293100113113117119120150141152153
Profit before tax
39654512224313-1705-19535-26-18
Net Profit
386242717386-1724-19633-27-20
EPS in Rs
13.4122.2914.972.656.1213.581.97-61.521.28-70.0711.85-9.81-7.16
Dividend Payout %
22%13%20%0%33%22%0%0%0%0%0%0%–

Compounded Sales Growth

10 Years:5%
5 Years:9%
3 Years:13%
TTM:38%

Compounded Profit Growth

10 Years:%
5 Years:%
3 Years:%
TTM:81%

Stock Price CAGR

10 Years:12%
5 Years:30%
3 Years:45%
1 Year:47%

Return on Equity

10 Years:-2%
5 Years:-6%
3 Years:-5%
Last Year:-4%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
28282828282828282828282828
Reserves
1,3951,4461,4741,4931,5161,5471,5421,3671,3791,2011,2271,1931,130
Borrowings
1,2571,0401,0138188096525524272732815589231,059
Other Liabilities
427270319333296236349444627817581503465
Total Liabilities
3,1082,7842,8342,6722,6492,4632,4712,2662,3072,3262,3952,6472,682
Fixed Assets
2,1881,8711,9281,8081,8171,7191,6541,6091,5801,5311,4301,3431,267
Gross Block
3,274.083,051.192,021.173,177.613,269.213,268.413,337.423,404.583,387.463,487.623,528.233,600.42–
Accumulated Depreciation
1,086.331,179.8593.541,370.081,452.591,549.851,683.131,795.461,807.101,956.782,098.092,257.68–
CWIP
013826438812295344584728
Investments
303044440000000
Other Assets
890882864834786733809645698791620721687
Total Assets
3,1082,7842,8342,6722,6492,4632,4712,2662,3072,3262,3952,6472,682

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
26821215887138148117176205148191112
Cash from Investing Activity
-733-9-17-8136-1-89-173-290-477
Cash from Financing Activity
493-142-127-141-127-145-142-166-159-38118363
Net Cash Flow
286114-62127-1910-43-6319-2

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
1731851881771471351229696846881
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
1731851881771471351229696846881
Working Capital Days
18217816120117815513122-90-98-88-19
ROCE %
2%3%2%1%1%3%1%-8%0%-10%4%-0%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%
FIIs
0.36%0.36%0.15%0.25%0.11%0.30%0.34%0.18%0.18%0.45%0.21%0.14%0.51%
DIIs
2.31%7.12%7.12%6.36%5.30%5.14%5.09%5.63%6.60%6.60%6.25%6.63%8.15%
Public
23.83%18.98%19.19%19.86%21.06%21.01%21.02%20.65%19.67%19.40%19.99%19.69%17.78%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Key Companies Release Q3 FY26 Unaudited Financial Results

10th February 2026, 5:53 pm

Corporate Digest: APIL's Insolvency Updates & Board Changes; DCIL, RKDL Release Q3 Financials

7th February 2026, 8:02 pm

Quarterly Results Roundup: Sanghvi Movers, Dredging Corp and Others Announce Q3 FY26 Financials

7th February 2026, 7:37 pm

Dredging Corp Announces ₹111.48 Cr Unlisted Bond Issue with 7.72% Coupon

5th February 2026, 8:17 pm

Dredging Corporation of India Reports Q3 Loss, Ups Authorized Capital to ₹60 Cr

5th February 2026, 8:04 pm

Published by Other Websites

External media mentions & references

Dredging Corp Q3 Loss Wipes Out Profit, Stock Plunges 10.6%

5th February 2026, 3:16 pm

Dredging Corp Zooms 26% Weekly, Hits 52-Week High on Strong Outlook

14th January 2026, 1:33 pm

3 Indian Stocks Recommended for Portfolio Gains: Analyst Picks

14th January 2026, 7:35 am

Sub-Rs 100 Stocks Surge: Buyers Dominate Dozen Penny Shares

12th January 2026, 4:28 pm

India Navy's 200-Ship Goal Fuels Rs 2.35 Lakh Crore Capex for 3 Defense Gems

5th January 2026, 6:46 am

News Articles

Editorial & research coverage

Dredging Corp Zooms 26% Weekly, Hits 52-Week High on Strong Outlook
Dredging Corp Zooms 26% Weekly, Hits 52-Week High on Strong Outlook

14th January 2026, 1:33 pm

3 Indian Stocks Recommended for Portfolio Gains: Analyst Picks
3 Indian Stocks Recommended for Portfolio Gains: Analyst Picks

14th January 2026, 7:35 am

Sub-Rs 100 Stocks Surge: Buyers Dominate Dozen Penny Shares
Sub-Rs 100 Stocks Surge: Buyers Dominate Dozen Penny Shares

12th January 2026, 4:28 pm

India Navy's 200-Ship Goal Fuels Rs 2.35 Lakh Crore Capex for 3 Defense Gems
India Navy's 200-Ship Goal Fuels Rs 2.35 Lakh Crore Capex for 3 Defense Gems

5th January 2026, 6:46 am

Dredging Stocks Soar! Knowledge Marine Hits New Highs as DCIL Bags ₹17,645 Cr Deals – Is This Your Next Big Investment?
Dredging Stocks Soar! Knowledge Marine Hits New Highs as DCIL Bags ₹17,645 Cr Deals – Is This Your Next Big Investment?

15th December 2025, 2:11 pm

Documents

Announcements

Board Meeting Intimation for Intimation For Board Meeting Of The Company To Consider Financial Results For The Period / Quarter Ended 31.12.2025- Reg

6h - Board meeting on 05.02.2026 to approve unaudited results for quarter ended 31.12.2025.

Disclosure under Regulation 30A of LODR

13 Jan - CareEdge reaffirmed DCIL ratings Jan 12, 2026; bank facilities Rs.188.64/225/40 crore.

Statement Of Material Deviation In Compliance With Regulation 32(1) Of SEBI (LODR) Regulations, 2015

13 Jan - No equity allotment from convertible warrants in quarter ended 31-Dec-2025.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from nse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

12 Jan from care

Rating update

5 Dec 2025 from care

Rating update

20 Oct 2025 from fitch

Rating update

8 Nov 2024 from care

Rating update

30 Apr 2024 from fitch

Rating update

22 Sep 2023 from care

Concalls

No concalls.

Stock Analysis

Description

  1. Dredging Corporation of India Limited (DCI) is engaged in providing integrated dredging services to ports, Indian Navy and other maritime organizations in India.

Key Growth Triggers

  1. Strategic initiatives include a proposed ₹500 crore equity infusion from promoter ports, ₹1,600 crore in soft loans for capacity augmentation, and efforts to mitigate risks from ageing assets and legacy receivables. The company also signed 22 MoUs worth Rs. 17,645 Cr. at India Maritime Week 2025 for future port dredging needs. A ₹4,000 crore modernization initiative under a four-major-port consortium aims to drive fleet modernization and integrate digital/green technologies.

Order Book

  1. Order Book: August 2024 = ₹1,005 crore

Key Red Flags

  1. Widened net loss reported in Q2 FY25, primarily due to increased expenses. An ageing fleet poses challenges with high maintenance costs. Competition and volatile margins are also noted risks. Legacy receivables and high borrowing levels continue to be areas of concern.

Key Dates To Watch

  1. February 5, 2026: Board meeting to approve Q3 FY26 financial results.
  2. September 25, 2025: 49th Annual General Meeting.

Corporate Announcements

10th Feb 26
Impact Rating: -
No description available.
7th Feb 26
Impact Rating: -
No description available.
7th Feb 26
Impact Rating: -
No description available.
5th Feb 26
Impact Rating: 5
Dredging Corporation of India Limited announced a ₹111.48 Crore unlisted bond issuance with a 10-year tenure and a 7.72% interest rate.
5th Feb 26
Impact Rating: 7
DCI posted a net loss of ₹24.6 Cr in Q3 FY26, a significant YoY deterioration from a profit of ₹16 Cr. Revenue declined 14.9% YoY to ₹276 Cr. Board approved raising authorized capital and NCD issuance.