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Dredging Corp share price

Dredging Corporation Of India Ltd.

NSE: DREDGECORP BSE: 523618 SECTOR: Shipping  22k   43   6

826.75
0 0
BSE: 17 May 04:01 PM

Price Summary

Today's High

₹ 826.75

Today's Low

₹ 785.45

52 Week High

₹ 929.95

52 Week Low

₹ 309.4

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

2314.9 Cr.

Enterprise Value

2564 Cr.

No. of Shares

2.8 Cr.

P/E

51.48

P/B

1.57

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  528.16

CASH

31.47 Cr.

DEBT

280.56 Cr.

Promoter Holding

73.47 %

EPS (TTM)

₹  16.06

Sales Growth

45.41%

ROE

0.89 %

ROCE

2.51%

Profit Growth

251.8 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

Your Added Ratios

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year45.41%
3 Year15.82%
5 Year14.5%

Profit Growth

1 Year251.8%
3 Year31.57%
5 Year-6.03%

ROE%

1 Year0.89%
3 Year-3.49%
5 Year-1.54%

ROCE %

1 Year2.51%
3 Year-1.39%
5 Year-0.01%

Debt/Equity

0.1972

Price to Cash Flow

16.53

Interest Cover Ratio

1.48435820498367

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 73.47 0
Dec 2023 73.47 0
Sep 2023 73.47 0
Jun 2023 73.47 0
Mar 2023 73.47 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 31.5746561554367% for the Past 3 years.
  • The company has shown a good revenue growth of 15.8214819903052% for the Past 3 years.
  • Company’s PEG ratio is 0.204440668866207.
  • The company has a high promoter holding of 73.47%.

 Limitations

  • Company has a poor ROE of -3.49177784517338% over the past 3 years.
  • Company has a poor ROCE of -1.3875787370741% over the past 3 years
  • Company has contingent liabilities of 1200.1561 Cr.
  • Tax rate is low at 9.22299568451413.
  • The company is trading at a high PE of 51.48.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 371.32 337.22 204.42 197.77 265.42
Total Expenditure 310.02 310.37 148.33 140.61 196.63
Operating Profit 61.29 26.86 56.09 57.16 68.79
Other Income 0.99 0.54 0.77 0.81 0.82
Interest 13.14 6.17 6.54 6.51 8.36
Depreciation 34.94 35.04 34.65 33.2 33.54
Exceptional Items 0 0 0 -0.79 0
Profit Before Tax 14.2 -13.81 15.66 17.47 27.71
Tax 0.37 0.37 0.51 0.7 0.48
Profit After Tax 13.84 -14.18 15.15 16.77 27.23
Adjusted EPS (Rs) 4.94 -5.06 5.41 5.99 9.72

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 691.74 749.69 763.76 801.03 1164.8
Total Expenditure 524.69 610.84 798.13 683.09 989.78
Operating Profit 167.05 138.85 -34.37 117.93 175.01
Other Income 7.69 8.87 3.16 2.45 3.23
Interest 18.45 17.18 19.92 12.1 28.56
Depreciation 112.91 117.13 119.3 120.2 135.85
Exceptional Items 0 0 0 16.69 0
Profit Before Tax 43.37 13.42 -170.43 4.77 13.83
Provision for Tax 5.35 7.9 1.82 1.2 1.28
Net Profit 38.03 5.51 -172.26 3.57 12.56
Adjusted EPS (Rs.) 13.58 1.97 -61.52 1.27 4.49

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 28 28 28 28 28
Total Reserves 1546.86 1542.24 1367.19 1379.37 1394.56
Borrowings 520.26 411.7 293.9 69.29 112.73
Other N/C liabilities 14.57 17.53 26.26 29.26 27.27
Current liabilities 350.18 468.57 548.75 802.68 847.08
Total Liabilities 2459.87 2468.04 2264.1 2308.61 2409.64
Assets
Net Block 1718.56 1654.29 1609.12 1580.36 1526.24
Capital WIP 7.75 8.28 12.19 29.4 4.71
Intangible WIP 0 0 0 0 0
Investments 3.75 0 0 0 0
Loans & Advances 0.39 0.47 0.51 0.51 115.97
Other N/C Assets 0 0 0 0.32 0.32
Current Assets 729.43 804.99 642.29 698.02 762.4
Total Assets 2459.87 2468.04 2264.1 2308.61 2409.64
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 43.37 13.42 -170.43 4.77 13.83
Adjustment 123.77 127.67 169.63 139.62 165.36
Changes in Assets & Liabilities 40.34 4.56 184.44 98.75 -18.82
Tax Paid -10.2 4.07 -7.18 -8.28 -15.94
Operating Cash Flow 148.14 117.35 176.46 204.73 140
Investing Cash Flow 3.47 5.89 -41.18 -88.61 -168.24
Financing Cash Flow -144.94 -141.85 -166.02 -158.75 -37.55
Net Cash Flow 6.67 -18.61 -30.74 -42.63 -65.79

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 73.47 73.47 73.47 73.47 73.47
deendayal port authority 18.00 18.00 18.00 18.00 18.00
jawaharlal nehru port aut... 18.00 18.00 18.00 18.00 18.00
paradip port authority 18.00 - - 18.00 18.00
visakhapatnam port author... 19.47 - 19.47 19.47 19.47
paradipport authority - - 18.00 - -
paradip port trust - 18.00 - - -
visakhapatnam port trust - 19.47 - - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 26.53 26.53 26.53 26.53 26.53
life insurance corporatio... 4.39 4.39 4.39 4.39 4.39
mukul mahavir agrawal - - - - 1.80
general insurance corpora... 1.79 1.79 1.07 - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Dredging Corporation of India inks MoU with BEML7 Mar 2024, 3:30PM Dredging Corp - Quaterly Results13 Feb 2024, 5:58PM Dredging Corp - Quaterly Results13 Feb 2024, 5:58PM Dredging Corp - Quaterly Results7 Nov 2023, 6:33PM Dredging Corp - Quaterly Results7 Nov 2023, 6:33PM Dredging Corporation of India informs about press release28 Sep 2023, 2:39PM Dredging Corp - Quaterly Results11 Aug 2023, 2:17PM Dredging Corp - Quaterly Results11 Aug 2023, 2:17PM Dredging Corporation of India aiming 12% growth in turnover during FY2431 May 2023, 12:39PM Dredging Corp - Quaterly Results25 May 2023, 7:49PM Dredging Corp - Quaterly Results25 May 2023, 7:49PM Dredging Corporation Of India informs about updates21 Apr 2023, 2:38PM Dredging Corp - Quaterly Results10 Feb 2023, 2:30PM Dredging Corp - Quaterly Results10 Feb 2023, 2:30PM Dredging Corp - Quaterly Results10 Feb 2023, 2:30PM Dredging Corporation inks agreement with IWAI 3 Feb 2023, 12:37PM Dredging Corporation Of India informs about credit rating21 Nov 2022, 2:22PM Dredging Corporation of India turns black in Q2FY2316 Nov 2022, 2:57PM Dredging Corp - Quaterly Results10 Nov 2022, 4:34PM Dredging Corp - Quaterly Results10 Nov 2022, 4:34PM Dredging Corporation of India informs about extension of AGM12 Sep 2022, 1:09PM Dredging Corporation bags contract from Visakhapatnam Port Authority22 Aug 2022, 3:35PM Dredging Corp - Quaterly Results8 Aug 2022, 4:50PM Dredging Corp - Quaterly Results8 Aug 2022, 4:50PM Dredging Corp - Quaterly Results8 Aug 2022, 4:50PM Dredging Corporation inks pact with Department of Fisheries25 Jun 2022, 9:23AM Dredging Corporation of India bags contract from JNPA16 Jun 2022, 11:09AM Dredging Corporation of India bags order worth Rs 75 crore3 Jun 2022, 3:15PM Dredging Corp - Quaterly Results30 May 2022, 5:31PM Dredging Corporation Of India informs about disclosure25 Apr 2022, 5:01PM Dredging Corporation Of India informs about cessation of directors11 Apr 2022, 12:29PM Dredging Corporation of India gets nod to sign contract with Cochin Shipyard16 Mar 2022, 9:58AM Dredging Corp - Quaterly Results14 Feb 2022, 6:51PM Dredging Corp - Quaterly Results14 Feb 2022, 6:51PM Dredging Corporation of India informs about closure of trading window31 Dec 2021, 9:35AM Dredging Corporation Of India informs about statement of material deviation14 Jul 2021, 11:20AM Dredging Corporation of India informs about clarification on increase in volume17 Jun 2021, 2:03PM Dredging Corporation of India informs about press release19 May 2021, 10:47AM DCI commences maintenance dredging of Channels and Basins at Cochin Port Trust 19 May 2021, 9:55AM Dredging Corporation of India starts maintenance dredging work at Paradip Port13 May 2021, 9:15AM Dredging Corp - Quaterly Results31 Aug 2020, 3:35PM Dredging Corporation of India informs about board meeting22 Jun 2020, 4:37PM Dredging Corporation of India informs about certificate15 Apr 2020, 10:50AM

Dredging Corp Stock Price Analysis and Quick Research Report. Is Dredging Corp an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Dredging Corp . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Dredging Corp has a PE ratio of 51.3333789934436 which is high and comparatively overvalued .

  • Share Price: - The current share price of Dredging Corp is Rs 824.45. One can use valuation calculators of ticker to know if Dredging Corp share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Dredging Corp has ROA of 0.532316943407117 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Dredging Corp has a Current ratio of 0.900035392137326 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Dredging Corp has a ROE of 0.887511926957443 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Dredging Corp has a Debt to Equity ratio of 0.1972 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Dredging Corp has reported revenue growth of 45.4128093336017 % which is fair in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Dredging Corp for the current financial year is 15.0252073771768 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Dredging Corp is Rs 0 and the yield is 0 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Dredging Corp is Rs 16.0607 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Dredging Corp in Ticker for free. Also, one can get the intrinsic value of Dredging Corp by using Valuation Calculators, which are available with a Finology ONE subscription. 

Last Updated on:
Brief about Dredging Corp
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