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

₹ 806 -2.43%
21 Nov 4:00 p.m.
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

Market Position
The company is one of the largest companies in the domestic dredging market with over 80% market share in the maintenance dredging for major ports. [1]

Website BSE NSE
  • Market Cap ₹ 2,263 Cr.
  • Current Price ₹ 806
  • High / Low ₹ 1,458 / 506
  • Stock P/E
  • Book Value ₹ 425
  • Dividend Yield 0.00 %
  • ROCE 4.18 %
  • ROE 2.92 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.45% over past five years.
  • Company has a low return on equity of -4.33% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
151 240 289 218 239 371 337 204 198 265 278 151 204
123 196 252 192 177 310 505 148 141 197 256 139 206
Operating Profit 28 44 37 25 62 61 -167 56 57 69 22 12 -2
OPM % 18% 18% 13% 12% 26% 16% -50% 28% 29% 26% 8% 8% -1%
0 18 0 1 1 1 1 1 0 1 1 1 23
Interest 3 3 3 4 6 13 7 7 7 8 7 7 17
Depreciation 29 29 33 38 28 35 49 35 33 34 39 37 38
Profit before tax -4 30 1 -15 29 14 -223 16 17 28 -23 -31 -33
Tax % 5% 2% 17% 2% 1% 3% 0% 3% 4% 2% 1% 1% 2%
-4 29 1 -16 29 14 -223 15 17 27 -23 -31 -34
EPS in Rs -1.42 10.38 0.38 -5.61 10.22 4.94 -79.62 5.41 5.99 9.72 -8.38 -11.21 -11.97
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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 TTM
635 770 735 666 585 592 692 750 764 801 1,165 946 899
524 584 561 536 469 457 525 611 798 683 1,184 741 797
Operating Profit 111 186 174 130 116 135 167 139 -34 118 -19 204 101
OPM % 18% 24% 24% 19% 20% 23% 24% 19% -4% 15% -2% 22% 11%
3 2 10 26 14 20 7 6 3 19 3 3 26
Interest 3 12 26 18 18 20 18 14 20 12 29 28 39
Depreciation 90 138 92 93 100 113 113 117 119 120 150 141 148
Profit before tax 22 39 65 45 12 22 43 13 -170 5 -195 38 -60
Tax % 5% 3% 4% 7% 40% 21% 12% 59% 1% 25% 1% 5%
21 38 62 42 7 17 38 6 -172 4 -196 36 -61
EPS in Rs 7.32 13.41 22.29 14.97 2.65 6.12 13.58 1.97 -61.52 1.28 -70.07 12.74 -21.84
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: 53%
Stock Price CAGR
10 Years: 6%
5 Years: 17%
3 Years: 35%
1 Year: 54%
Return on Equity
10 Years: -1%
5 Years: -5%
3 Years: -4%
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 Sep 2024
Equity Capital 28 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 1,201 1,236 1,162
721 1,257 1,040 1,013 818 809 652 552 427 273 281 426 618
356 427 270 319 333 296 236 349 444 627 817 713 739
Total Liabilities 2,472 3,108 2,784 2,834 2,672 2,649 2,463 2,471 2,266 2,307 2,326 2,403 2,547
1,008 2,188 1,871 1,928 1,808 1,817 1,719 1,654 1,609 1,580 1,531 1,438 1,419
CWIP 23 0 1 38 26 43 8 8 12 29 5 31 34
Investments 30 30 30 4 4 4 4 0 0 0 0 0 0
1,412 890 882 864 834 786 733 809 645 698 791 933 1,093
Total Assets 2,472 3,108 2,784 2,834 2,672 2,649 2,463 2,471 2,266 2,307 2,326 2,403 2,547

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 87 138 148 117 176 205 148 191
-530 -733 -9 -17 -8 1 3 6 -1 -89 -173 -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 -63 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 84 68
Inventory Days
Days Payable
Cash Conversion Cycle 272 173 185 188 177 147 135 122 96 96 84 68
Working Capital Days 331 183 179 161 201 178 155 131 86 2 -46 -44
ROCE % 1% 2% 3% 2% 1% 1% 3% 1% -8% 0% -10% 4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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% 0.22% 0.39% 0.23% 0.36% 0.36% 0.15% 0.25% 0.11% 0.30% 0.34% 0.18%
2.31% 2.31% 2.32% 2.31% 2.31% 7.12% 7.12% 6.36% 5.30% 5.14% 5.09% 5.63%
0.00% 0.00% 0.00% 0.00% 0.04% 0.07% 0.07% 0.07% 0.07% 0.08% 0.08% 0.08%
24.17% 24.00% 23.82% 24.00% 23.83% 18.98% 19.19% 19.86% 21.06% 21.01% 21.02% 20.65%
No. of Shareholders 51,36456,66155,75754,69951,26747,83247,46950,17449,26445,57145,34648,625

* 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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