Dredging Corporation of India Ltd

Dredging Corpn. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dredging Corporation of India Ltd

₹ 1,216 5.00%
02 Jul - close price
dredge-india.com BSE: 523618 NSE: DREDGECORP
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

Services
The services of the company include:
Maintenance dredging - To restore the depth and remove the accumulated material in every Port and Harbours.
Capital dredging - Removal of the “virgin” soil to create the designed depth in the water bodies / adjacent to water bodies.
Land Reclamation- Raising the land level to create an artificial land either just below or adjacent to water bodies.
Beach Nourishment - Deposition of sediments in the coastal line from the adjoining areas.
Shallow Water Dredging - DCI is fully equipped to cater to the maintenance dredging requirements of all major Ports in India. [1]

Website BSE NSE
  • Market Cap ₹ 3,403 Cr.
  • Current Price ₹ 1,216
  • High / Low ₹ 1,216 / 340
  • Stock P/E 93.4
  • Book Value ₹ 451
  • Dividend Yield 0.00 %
  • ROCE 3.94 %
  • ROE 2.71 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 89.8 to 67.6 days.

Cons

  • Stock is trading at 2.69 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 6.45% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 0.89% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
212 119 151 240 289 218 239 371 337 204 198 265 278
283 111 123 196 252 192 177 310 505 148 141 197 256
Operating Profit -71 8 28 44 37 25 62 61 -167 56 57 69 22
OPM % -34% 7% 18% 18% 13% 12% 26% 16% -50% 27% 29% 26% 8%
1 1 0 18 0 1 1 1 1 1 0 1 1
Interest 7 3 3 3 3 4 6 13 7 7 7 8 7
Depreciation 29 29 29 29 33 38 28 35 49 35 33 34 39
Profit before tax -106 -22 -4 30 1 -15 29 14 -223 16 17 28 -23
Tax % -1% -1% -5% 2% 17% -2% 1% 3% -0% 3% 4% 2% -1%
-107 -23 -4 29 1 -16 29 14 -223 15 17 27 -23
EPS in Rs -38.04 -8.11 -1.42 10.38 0.38 -5.61 10.22 4.94 -79.62 5.41 5.99 9.72 -8.38
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
635 770 735 666 585 592 692 750 764 801 1,165 946
524 584 561 536 469 457 525 611 798 683 990 741
Operating Profit 111 186 174 130 116 135 167 139 -34 118 175 204
OPM % 18% 24% 24% 19% 20% 23% 24% 19% -4% 15% 15% 22%
3 2 10 26 14 20 7 6 3 19 3 3
Interest 3 12 26 18 18 20 18 14 20 12 29 28
Depreciation 90 138 92 93 100 113 113 117 119 120 136 141
Profit before tax 22 39 65 45 12 22 43 13 -170 5 14 38
Tax % 5% 3% 4% 7% 40% 21% 12% 59% -1% 25% 9% 5%
21 38 62 42 7 17 38 6 -172 4 13 36
EPS in Rs 7.32 13.41 22.29 14.97 2.65 6.12 13.58 1.97 -61.52 1.28 4.49 12.74
Dividend Payout % 27% 22% 13% 20% 0% 33% 22% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 6%
3 Years: 7%
TTM: -19%
Compounded Profit Growth
10 Years: 0%
5 Years: -1%
3 Years: 30%
TTM: 190%
Stock Price CAGR
10 Years: 10%
5 Years: 24%
3 Years: 45%
1 Year: 259%
Return on Equity
10 Years: 0%
5 Years: -2%
3 Years: 1%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 28 28 28 28 28 28 28 28 28 28 28 28
Reserves 1,368 1,395 1,446 1,474 1,493 1,516 1,547 1,542 1,367 1,379 1,395 1,236
721 1,257 1,040 1,013 818 809 652 552 427 273 281 426
356 427 270 319 333 296 236 349 444 627 705 713
Total Liabilities 2,472 3,108 2,784 2,834 2,672 2,649 2,463 2,471 2,266 2,307 2,408 2,403
1,008 2,188 1,871 1,928 1,808 1,817 1,719 1,654 1,609 1,580 1,526 1,438
CWIP 23 0 1 38 26 43 8 8 12 29 5 31
Investments 30 30 30 4 4 4 4 0 0 0 0 0
1,412 890 882 864 834 786 733 809 645 698 877 933
Total Assets 2,472 3,108 2,784 2,834 2,672 2,649 2,463 2,471 2,266 2,307 2,408 2,403

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-37 268 212 158 87 138 148 117 176 205 140 191
-530 -733 -9 -17 -8 1 3 6 -1 -89 -168 -290
517 493 -142 -127 -141 -127 -145 -142 -166 -159 -38 118
Net Cash Flow -50 28 61 14 -62 12 7 -19 10 -43 -66 19

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 272 173 185 188 177 147 135 122 96 96 106 68
Inventory Days
Days Payable
Cash Conversion Cycle 272 173 185 188 177 147 135 122 96 96 106 68
Working Capital Days 331 183 179 161 201 178 155 131 86 2 16 -44
ROCE % 1% 2% 3% 2% 1% 1% 3% 1% -8% 0% 3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47% 73.47%
0.05% 0.05% 0.05% 0.22% 0.39% 0.23% 0.36% 0.36% 0.15% 0.25% 0.11% 0.30%
6.71% 2.32% 2.31% 2.31% 2.32% 2.31% 2.31% 7.12% 7.12% 6.36% 5.30% 5.14%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.07% 0.07% 0.07% 0.07% 0.08%
19.77% 24.16% 24.17% 24.00% 23.82% 24.00% 23.83% 18.98% 19.19% 19.86% 21.06% 21.01%
No. of Shareholders 54,00152,49851,36456,66155,75754,69951,26747,83247,46950,17449,26445,571

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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