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Dredging Corp share price

Dredging Corporation Of India Ltd.

NSE: DREDGECORP BSE: 523618 SECTOR: Shipping  34k   51   6

805.95
-20.05 (-2.43%)
BSE: Today, 04:00 PM

Price Summary

Today's High

₹ 822.15

Today's Low

₹ 799.25

52 Week High

₹ 1455

52 Week Low

₹ 506.5

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
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

2256.66 Cr.

Enterprise Value

2632.74 Cr.

No. of Shares

2.8 Cr.

P/E

0

P/B

1.9

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  425.14

CASH

50.28 Cr.

DEBT

426.36 Cr.

Promoter Holding

73.47 %

EPS (TTM)

₹  -21.84

Sales Growth

-18.84%

ROE

2.86 %

ROCE

4.13%

Profit Growth

118.19 %

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

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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

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* 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 Year-18.84%
3 Year7.37%
5 Year6.45%

Profit Growth

1 Year118.19%
3 Year30.2%
5 Year-1.26%

ROE%

1 Year2.86%
3 Year-3.92%
5 Year-4.61%

ROCE %

1 Year4.13%
3 Year-1.76%
5 Year-2.3%

Debt/Equity

0.3374

Price to Cash Flow

11.83

Interest Cover Ratio

2.3178

CFO/PAT (5 Yr. Avg.)

0

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 73.47 0.00
Jun 2024 73.47 0.00
Mar 2024 73.47 0.00
Dec 2023 73.47 0.00
Sep 2023 73.47 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has a high promoter holding of 73.47%.

 Limitations

  • The company has shown a poor revenue growth of 7.37436204335573% for the Past 3 years.
  • Company has a poor ROE of -3.9216871826462% over the past 3 years.
  • Company has a poor ROCE of -1.76388942090672% over the past 3 years
  • Company has contingent liabilities of 787.8603 Cr.
  • The company is trading at a high PE of 0.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 197.77 265.42 277.89 150.8 204.5
Total Expenditure 140.3 196.63 256.16 138.54 206.02
Operating Profit 57.47 68.79 21.73 12.26 -1.52
Other Income 0.81 0.82 0.91 0.86 1.11
Interest 6.82 8.36 6.53 7.04 17.14
Depreciation 33.2 33.54 39.43 37.06 37.73
Exceptional Items -0.79 0 0 0 22.31
Profit Before Tax 17.47 27.71 -23.31 -30.98 -32.97
Tax 0.69 0.48 0.16 0.42 0.53
Profit After Tax 16.77 27.23 -23.47 -31.4 -33.51
Adjusted EPS (Rs) 5.99 9.72 -8.38 -11.22 -11.97

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

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 749.69 763.76 801.03 1165.01 945.5
Total Expenditure 610.84 798.13 683.09 1184.14 741.2
Operating Profit 138.85 -34.37 117.93 -19.12 204.31
Other Income 8.87 3.16 2.45 3.23 3.31
Interest 17.18 19.92 12.1 29.36 28.48
Depreciation 117.13 119.3 120.2 149.68 140.82
Exceptional Items 0 0 16.69 0 -0.79
Profit Before Tax 13.42 -170.43 4.77 -194.92 37.52
Provision for Tax 7.9 1.82 1.2 1.28 1.84
Net Profit 5.51 -172.26 3.57 -196.2 35.68
Adjusted EPS (Rs.) 1.97 -61.52 1.27 -70.07 12.74

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 28 28 28 28 28
Total Reserves 1542.24 1367.19 1379.37 1201.24 1235.6
Borrowings 411.7 293.9 69.29 112.73 311.62
Other N/C liabilities 17.53 26.26 29.26 27.27 29.47
Current liabilities 468.57 548.75 802.68 958.43 800.12
Total Liabilities 2468.04 2264.1 2308.61 2327.67 2404.81
Assets
Net Block 1654.29 1609.12 1580.36 1530.85 1438.45
Capital WIP 8.28 12.19 29.4 4.71 31.04
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 0.47 0.51 0.51 115.97 313.77
Other N/C Assets 0 2.07 0.32 0.32 0.32
Current Assets 804.99 640.22 698.02 675.82 621.22
Total Assets 2468.04 2264.1 2308.61 2327.67 2404.81
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 13.42 -170.43 4.77 -192.3 36.2
Adjustment 127.67 169.63 139.62 371.47 201.46
Changes in Assets & Liabilities 4.56 184.44 98.75 -10.55 -40.64
Tax Paid 4.07 -7.18 -8.28 -15.94 -8.05
Operating Cash Flow 117.35 176.46 204.73 148.04 190.7
Investing Cash Flow 5.89 -41.18 -88.61 -173.16 -290.05
Financing Cash Flow -141.85 -166.02 -158.75 -40.67 86.94
Net Cash Flow -18.61 -30.74 -42.63 -65.79 -12.4

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 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 trust - - - 18.00 18.00
visakhapatnam port trust - - - 19.47 19.47
paradip port authority - 18.00 18.00 - -
visakhapatnam port author... 19.47 19.47 19.47 - -
paradipport authority 18.00 - - - -
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 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
llp - - - - 0.08
mukul mahavir agrawal - - 1.80 1.80 1.61
general insurance corpora... 1.07 - - - -

Ratings & Research Reports

Company Presentations

Company News

Dredging Corp - Quaterly Results 13 Nov, 4:40 PM Dredging Corp - Quaterly Results 13 Nov, 4:40 PM Dredging Corporation Of India submits BRSR 10 Sep, 2:11 PM Dredging Corp - Quaterly Results 9 Aug, 6:22 PM Dredging Corp - Quaterly Results 9 Aug, 6:22 PM Dredging Corporation Of India informs about statement of material deviation 9 Jul, 5:28 PM Dredging Corporation of India bags order worth Rs 156.50 crore 4 Jul, 3:29 PM Dredging Corporation Of India informs about scrutinizer’s report 2 Jul, 1:27 PM Dredging Corporation of India bags contract worth Rs 2015.88 crore 11 Jun, 3:40 PM Dredging Corporation of India informs about press release 30 May, 3:42 PM Dredging Corp - Quaterly Results 29 May, 5:24 PM Dredging Corp - Quaterly Results 29 May, 5:24 PM Dredging Corporation of India inks MoU with BEML 7 Mar, 3:30 PM Dredging Corp - Quaterly Results 13 Feb, 5:58 PM Dredging Corp - Quaterly Results 13 Feb, 5:58 PM Dredging Corp - Quaterly Results 7 Nov, 6:33 PM Dredging Corp - Quaterly Results 7 Nov, 6:33 PM Dredging Corporation of India informs about press release 28 Sep, 2:39 PM Dredging Corp - Quaterly Results 11 Aug, 2:17 PM Dredging Corp - Quaterly Results 11 Aug, 2:17 PM Dredging Corporation of India aiming 12% growth in turnover during FY24 31 May, 12:39 PM Dredging Corp - Quaterly Results 25 May, 7:49 PM Dredging Corp - Quaterly Results 25 May, 7:49 PM Dredging Corporation Of India informs about updates 21 Apr, 2:38 PM Dredging Corp - Quaterly Results 10 Feb, 2:30 PM Dredging Corp - Quaterly Results 10 Feb, 2:30 PM Dredging Corp - Quaterly Results 10 Feb, 2:30 PM Dredging Corporation inks agreement with IWAI 3 Feb, 12:37 PM Dredging Corporation Of India informs about credit rating 21 Nov, 2:22 PM Dredging Corporation of India turns black in Q2FY23 16 Nov, 2:57 PM Dredging Corp - Quaterly Results 10 Nov, 4:34 PM Dredging Corp - Quaterly Results 10 Nov, 4:34 PM Dredging Corporation of India informs about extension of AGM 12 Sep, 1:09 PM Dredging Corporation bags contract from Visakhapatnam Port Authority 22 Aug, 3:35 PM Dredging Corp - Quaterly Results 8 Aug, 4:50 PM Dredging Corp - Quaterly Results 8 Aug, 4:50 PM Dredging Corp - Quaterly Results 8 Aug, 4:50 PM Dredging Corporation inks pact with Department of Fisheries 25 Jun, 9:23 AM Dredging Corporation of India bags contract from JNPA 16 Jun, 11:09 AM Dredging Corporation of India bags order worth Rs 75 crore 3 Jun, 3:15 PM Dredging Corp - Quaterly Results 30 May, 5:31 PM Dredging Corporation Of India informs about disclosure 25 Apr, 5:01 PM Dredging Corporation Of India informs about cessation of directors 11 Apr, 12:29 PM Dredging Corporation of India gets nod to sign contract with Cochin Shipyard 16 Mar, 9:58 AM Dredging Corp - Quaterly Results 14 Feb, 6:51 PM Dredging Corp - Quaterly Results 14 Feb, 6:51 PM Dredging Corporation of India informs about closure of trading window 31 Dec, 9:35 AM Dredging Corporation Of India informs about statement of material deviation 14 Jul, 11:20 AM Dredging Corporation of India informs about clarification on increase in volume 17 Jun, 2:03 PM Dredging Corporation of India informs about press release 19 May, 10:47 AM

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. 

Dredging Corp stock price today is Rs 805.65. 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 -36.8875539703398 which is low and comparatively undervalued .

  • Share Price: - The current share price of Dredging Corp is Rs 805.65. 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 1.508 % 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 0.7764 .

  • 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 2.8629 % .(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 0.3374 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Dredging Corp has reported revenue growth of -18.8422 % which is poor 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 21.6081995911585 %.

  • 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 -21.8407 . 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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