Dredging Corporation of India Ltd

DREDGECORP

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Market Cap

₹ 2,960 Cr

P/E

—

Turned 1 L into 3.32 L in last 5 Years

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Investment Checklist

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Performance

MARKET LEADER

Valuation

OVERVALUED

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bullish

Risk

HIGH RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Dredging Corporation of India Limited (DCI) specializes in providing dredging services to Indian and occasionally, foreign ports. Their core services include maintenance, capital dredging, beach nourishment, and land reclamation.

In recent developments, DCI has been approved for the procurement of a new Trailing Suction Hopper Dredger (TSHD) with a significant capacity of 12,000 cubic meters, indicating growth and technological expansion.

The company sees significant engagement with Indian ports, providing continuous dredging services that maintain essential maritime depths and facilitate port operations.

DCI has a history of strategic partnerships and projects, including its involvement with the Sethusamudram Ship Channel Project, emphasizing its critical role in national maritime initiatives.

The company's management shifted in 2019 when the Government of India transferred control to four major ports, reflecting DCI's crucial position within India’s port infrastructure network.

Sector

Infrastructure Developers & Operators

Industry

Construction - Civil / Turnkey - Large

Market Cap

2,960 Cr

Volatility

High Risk

P/E Ratio

—

Industry P/E

23.2

PEG Ratio

—

P/B Ratio

2.6

52W High

1,070.65

52W Low

494.75

Sales CAGR

20.80%

12.55%

8.78%

10Y

6.18%

Profit CAGR

-182.76%

—

10Y

—

ROE

TTM

-1.37%

-5.14%

-5.52%

10Y

-1.75%

ROCE

TTM

3.11%

-1.85%

-2.76%

10Y

-0.00%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
CEIGALL	232.95	4,052 Cr	15.67	2.09	0.00	13.34	14.66	5.52
RAMKY	553.90	3,869 Cr	19.22	1.88	0.00	9.80	14.41	4.72
DREDGECORP	1057.05	2,960 Cr	—	2.56	0.00	-1.37	3.11	-0.75
PATELENG	29.37	2,914 Cr	7.38	0.67	0.00	10.03	11.91	2.70
SANGHVIMOV	310.95	2,692 Cr	15.52	2.22	0.64	14.32	15.60	8.93
INDIANHUME	409.35	2,169 Cr	20.30	1.55	1.41	7.64	9.65	20.74
RAJESH	1072.00	1,920 Cr	20.73	7.29	0.09	38.52	44.96	18.63

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	204	198	265	278	151	205	324	462	242	212
Expenses	148	141	197	256	139	206	272	386	195	187
Operating Profit	56	57	69	22	12	-1.51	52	77	47	25
OPM %	27.55	28.90	25.92	7.82	8.13	-0.74	16.12	16.58	19.36	11.78
Other Income	0.77	0.02	0.82	0.91	0.86	23	16	-0.68	1.06	1.34
Interest	6.77	6.51	8.36	6.53	7.04	17	12	17	31	23
Depreciation	35	33	34	39	37	38	39	38	40	37
Profit Before Tax	16	17	28	-23	-31	-33	17	21	-23	-33
Tax %	3.26	3.95	1.73	-0.69	-1.36	-1.61	4.23	-1.37	-0.60	-3.36
Net Profit	15	17	27	-23	-31	-34	16	21	-23	-34
EPS in Rs	5.41	5.99	9.72	-8.85	-11.22	-11.97	5.73	5.38	-8.33	-12.21

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	585	592	692	750	764	801	1,165	946	1,142	1,234
Expenses	469	457	525	611	798	683	1,184	741	1,002	1,059
Operating Profit	116	135	167	139	-34	118	-19	204	140	174
OPM %	19.87	22.80	24.15	18.52	-4.50	14.72	-1.64	21.61	12.23	14.14
Other Income	14	20	6.78	5.60	3.16	19	3.23	2.51	24	40
Interest	18	20	18	14	20	12	29	28	38	78
Depreciation	100	113	113	117	119	120	150	141	152	154
Profit Before Tax	12	22	43	13	-170	4.77	-195	38	-26	-18
Tax %	39.68	21.25	12.33	58.90	-1.07	25.19	-0.65	4.90	-5.26	-5.96
Net Profit	7.41	17	38	5.51	-172	3.57	-196	36	-27	-19
EPS in Rs	2.55	5.95	15.93	1.96	-60.05	1.85	5.42	12.27	-12.08	-9.43
Dividend Payout %	0.00	33.67	22.09	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	28	28	28	28	28	28	28	28	28	28
Reserves	1,474	1,493	1,516	1,547	1,542	1,367	1,379	1,201	1,236	1,193
Borrowings	885	700	672	520	412	427	273	281	426	923
Other Liabilities	442	445	429	365	486	442	627	817	713	503
Total Liabilities	2,829	2,666	2,646	2,460	2,468	2,264	2,307	2,326	2,403	2,647
Fixed Assets	1,928	1,808	1,817	1,719	1,654	1,609	1,580	1,531	1,438	1,343
CWIP	38	26	43	7.75	8.28	12	29	4.71	31	584
Investments	3.75	3.75	3.75	3.75	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	859	829	783	730	805	643	698	791	933	721
Total Assets	2,829	2,666	2,646	2,460	2,468	2,264	2,307	2,326	2,403	2,647

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	158	87	138	148	117	176	205	148	191	112
Cash from Investing Activity	-17	-7.61	1.04	3.47	5.89	-0.52	-89	-173	-290	-477
Cash from Financing Activity	-127	-141	-127	-145	-142	-166	-159	-38	118	363
Net Cash Flow	14	-62	12	6.67	-19	9.92	-43	-63	19	-2.14

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 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%
FIIs	0.36%	0.36%	0.15%	0.25%	0.11%	0.30%	0.34%	0.18%	0.18%	0.45%	0.21%	0.15%
DIIs	2.35%	7.18%	7.18%	6.43%	5.36%	5.22%	5.17%	5.71%	6.68%	6.68%	6.33%	6.70%
Public	23.82%	18.98%	19.20%	19.86%	21.05%	21.01%	21.02%	20.64%	19.67%	19.40%	19.99%	19.68%
Total Shareholders	51,267	47,832	47,469	50,174	49,264	45,571	45,346	48,625	46,379	46,265	48,128	47,603

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 09, 2025	Mathisys advisors llp	Bulk	Buy	1,000.61	14.60 Cr	1,45,940	0.52
Dec 09, 2025	Hrti private limited	Bulk	Buy	998.89	14.96 Cr	1,49,732	0.53
Dec 09, 2025	Qe securities llp	Bulk	Buy	1,003.08	18.16 Cr	1,81,000	0.64
Dec 09, 2025	Qe securities llp	Bulk	Sell	1,000.34	17.58 Cr	1,75,733	0.62
Dec 09, 2025	Mathisys advisors llp	Bulk	Sell	1,003.98	14.78 Cr	1,47,262	0.52
Dec 09, 2025	Hrti private limited	Bulk	Sell	1,001.66	13.86 Cr	1,38,356	0.49
Dec 08, 2025	Mathisys advisors llp	Bulk	Buy	946.91	13.11 Cr	1,38,426	0.49
Dec 08, 2025	Invesco mutual fund a/c inve...	Bulk	Buy	942.83	23.64 Cr	2,50,694	0.89
Dec 08, 2025	Hrti private limited	Bulk	Buy	946.26	14.76 Cr	1,55,979	0.55
Dec 08, 2025	Hrti private limited	Bulk	Sell	951.97	12.67 Cr	1,33,081	0.47

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	204	198	265	278	151	205	324	462	242	212
Expenses	148	141	197	256	139	206	272	386	195	187
Operating Profit	56	57	69	22	12	-1.51	52	77	47	25
OPM %	27.55	28.90	25.92	7.82	8.13	-0.74	16.12	16.58	19.36	11.78
Other Income	0.77	0.02	0.82	0.91	0.86	23	16	-0.68	1.06	1.34
Interest	6.77	6.51	8.36	6.53	7.04	17	12	17	31	23
Depreciation	35	33	34	39	37	38	39	38	40	37
Profit Before Tax	16	17	28	-23	-31	-33	17	21	-23	-33
Tax %	3.26	3.95	1.73	-0.69	-1.36	-1.61	4.23	-1.37	-0.60	-3.36
Net Profit	15	17	27	-23	-31	-34	16	21	-23	-34
EPS in Rs	5.41	5.99	9.72	-8.85	-11.22	-11.97	5.73	5.38	-8.33	-12.21

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	585	592	692	750	764	801	1,165	946	1,142	1,234
Expenses	469	457	525	611	798	683	1,184	741	1,002	1,059
Operating Profit	116	135	167	139	-34	118	-19	204	140	174
OPM %	19.87	22.80	24.15	18.52	-4.50	14.72	-1.64	21.61	12.23	14.14
Other Income	14	20	6.78	5.60	3.16	19	3.23	2.51	24	40
Interest	18	20	18	14	20	12	29	28	38	78
Depreciation	100	113	113	117	119	120	150	141	152	154
Profit Before Tax	12	22	43	13	-170	4.77	-195	38	-26	-18
Tax %	39.68	21.25	12.33	58.90	-1.07	25.19	-0.65	4.90	-5.26	-5.96
Net Profit	7.41	17	38	5.51	-172	3.57	-196	36	-27	-19
EPS in Rs	2.55	5.95	15.93	1.96	-60.05	1.85	5.42	12.27	-12.08	-9.43
Dividend Payout %	0.00	33.67	22.09	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	28	28	28	28	28	28	28	28	28	28
Reserves	1,474	1,493	1,516	1,547	1,542	1,367	1,379	1,201	1,236	1,193
Borrowings	885	700	672	520	412	427	273	281	426	923
Other Liabilities	442	445	429	365	486	442	627	817	713	503
Total Liabilities	2,829	2,666	2,646	2,460	2,468	2,264	2,307	2,326	2,403	2,647
Fixed Assets	1,928	1,808	1,817	1,719	1,654	1,609	1,580	1,531	1,438	1,343
CWIP	38	26	43	7.75	8.28	12	29	4.71	31	584
Investments	3.75	3.75	3.75	3.75	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	859	829	783	730	805	643	698	791	933	721
Total Assets	2,829	2,666	2,646	2,460	2,468	2,264	2,307	2,326	2,403	2,647

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	158	87	138	148	117	176	205	148	191	112
Cash from Investing Activity	-17	-7.61	1.04	3.47	5.89	-0.52	-89	-173	-290	-477
Cash from Financing Activity	-127	-141	-127	-145	-142	-166	-159	-38	118	363
Net Cash Flow	14	-62	12	6.67	-19	9.92	-43	-63	19	-2.14

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
CEIGALL	232.95	4,052 Cr	15.67	2.09	0.00	13.34	14.66	5.52
RAMKY	553.90	3,869 Cr	19.22	1.88	0.00	9.80	14.41	4.72
DREDGECORP	1057.05	2,960 Cr	—	2.56	0.00	-1.37	3.11	-0.75
PATELENG	29.37	2,914 Cr	7.38	0.67	0.00	10.03	11.91	2.70
SANGHVIMOV	310.95	2,692 Cr	15.52	2.22	0.64	14.32	15.60	8.93
INDIANHUME	409.35	2,169 Cr	20.30	1.55	1.41	7.64	9.65	20.74
RAJESH	1072.00	1,920 Cr	20.73	7.29	0.09	38.52	44.96	18.63

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

The company sees significant engagement with Indian ports, providing continuous dredging services that maintain essential maritime depths and facilitate port operations.

DCI has a history of strategic partnerships and projects, including its involvement with the Sethusamudram Ship Channel Project, emphasizing its critical role in national maritime initiatives.

The company's management shifted in 2019 when the Government of India transferred control to four major ports, reflecting DCI's crucial position within India’s port infrastructure network.

Sector

Infrastructure Developers & Operators

Industry

Construction - Civil / Turnkey - Large

Market Cap

2,960 Cr

Volatility

High Risk

P/E Ratio

—

Industry P/E

23.2

PEG Ratio

—

P/B Ratio

2.6

52W High

1,070.65

52W Low

494.75

Sales CAGR

20.80%

12.55%

8.78%

10Y

6.18%

Profit CAGR

-182.76%

—

10Y

—

ROE

TTM

-1.37%

-5.14%

-5.52%

10Y

-1.75%

ROCE

TTM

3.11%

-1.85%

-2.76%

10Y

-0.00%