Dredging Corporation Of India Ltd.

NSE: DREDGECORP  SECTOR: Shipping

339
-11.6 (-3.31%)

Price Summary

Today's High

₹ 341.85

Today's Low

₹ 333.25

52 Week High

₹ 456.95

52 Week Low

₹ 187.1

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

949.2 Cr.

Enterprise Value

1431.1207 Cr.

No. of Shares

2.8 Cr.

P/E

0

P/B

0.63

Face Value

₹ 10

Div. Yield

0%

Book Value (TTM)

₹  538.8

CASH

70.1792 Cr.

DEBT

552.0999 Cr.

Promoter Holding

73.47%

EPS (TTM)

₹  -23.5661

Sales Growth

8.37754319333921%

ROE

0.350589672599406 %

ROCE

1.40688616984307 %

Profit Growth

0.735397984204923 %

* 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 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

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

Sales Growth (in Cr.)

1 Year8.38%
3 Year8.61%
5 Year0.4%

Profit Growth (in Cr.)

1 Year-85.5%
3 Year-9.37%
5 Year-38.45%

ROE%

1 Year0.35%
3 Year1.3%
5 Year1.44%

ROCE %

1 Year1.41%
3 Year1.97%
5 Year1.93%

Debt/Equity

0.3516

Price to Cash Flow

8.09

Interest Cover Ratio

1.78094384324774

CFO/PAT (5 Yr. Avg.)

9.7444744844442

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 73.47 0
Dec 2020 73.47 0
Sep 2020 73.47 0
Jun 2020 73.47 0
Mar 2020 73.47 0
* Figures given above are % of equity capital

 Strengths

  • The Company has been maintaining an effective average operating margins of 20.9622051542545% in the last 5 years.
  • Company’s PEG ratio is 0.168242583787399.
  • The company has a good cash flow management; CFO/PAT stands at 9.7444744844442.
  • The company has a high promoter holding of 73.47%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 9.86243121407382.

 Limitations

  • The company has shown a poor profit growth of -9.37134641019969% for the Past 3 years.
  • The company has shown a poor revenue growth of 8.61053092763473% for the Past 3 years.
  • Company has a poor ROE of 1.30258691450619% over the past 3 years.
  • Company has a poor ROCE of 1.96556884885758% over the past 3 years
  • The company is trading at a high PE of 0.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Net Sales 202.57 227.62 167.46 125.39 259.04
Total Expenditure 138.65 193.41 122.92 137.69 250.02
Operating Profit 63.92 34.21 44.54 -12.3 9.02
Other Income 1.01 0.6 0.77 0.84 0.55
Interest 4.45 1.81 3.76 4.57 4.71
Depreciation 28.86 30.3 29.77 30.89 30.22
Exceptional Items 0 0 0 0 0
Profit Before Tax 31.62 2.7 11.78 -46.92 -25.37
Tax 0.26 7.08 0.32 0.53 0.24
Profit After Tax 31.36 -4.38 11.46 -47.45 -25.61
Adjusted EPS (Rs) 1.12 -0.16 0.41 -1.69 -0.91

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

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 665.86 585.15 591.87 691.74 749.69
Total Expenditure 536.21 468.87 456.94 524.69 610.84
Operating Profit 129.65 116.28 134.93 167.05 138.85
Other Income 15.32 13.82 20.25 7.69 8.87
Interest 17.61 18.22 20.23 18.45 17.18
Depreciation 93.31 99.6 113.18 112.91 117.13
Exceptional Items 11.1 0 0 0 0
Profit Before Tax 45.15 12.28 21.77 43.37 13.42
Provision for Tax 3.23 4.87 4.63 5.35 7.9
Net Profit 41.91 7.41 17.14 38.03 5.51
Adjusted EPS (Rs.) 14.97 2.65 6.12 13.58 1.97

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 28 28 28 28 28
Total Reserves 1473.83 1492.62 1516.1 1546.86 1542.24
Borrowings 885.13 700.24 672.4 520.26 411.7
Other N/C liabilities 10.26 8.32 14.2 14.57 17.53
Current liabilities 431.29 481.12 415.2 350.18 468.57
Total Liabilities 2828.51 2710.3 2645.9 2459.87 2468.04
Assets
Net Block 1927.63 1807.53 1816.62 1718.56 1654.29
Capital WIP 38.37 26 42.84 7.75 8.28
Investments 3.75 3.75 3.75 3.75 0
Loans & Advances 7.12 5.32 0.45 0.39 0.47
Other N/C Assets 0 0 0 0 0
Current Assets 851.65 867.71 782.24 729.43 804.99
Total Assets 2828.51 2710.3 2645.9 2459.87 2468.04
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 45.15 12.28 21.77 43.37 13.42
Adjustment 101.39 109.13 116.58 123.77 127.67
Working Capital Changes 59.83 10.98 -11.8 40.34 4.56
Tax Paid -16.25 -11.31 45.12 -10.2 4.07
Operating Cash Flow 157.97 86.93 137.76 148.14 117.35
Investing Cash Flow -17.46 -7.61 1.04 3.47 5.89
Financing Cash Flow -126.66 -140.89 -126.8 -144.94 -141.85
Net Cash Flow 13.85 -61.57 12 6.67 -18.61

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

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 find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. 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 0 which is low and comparatively undervalued .

  • 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 0.223754345229472 % 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 1.71799322358581 .

  • 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 0.350589672599406 % .(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 D/E ratio of 0.3516 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Dredging Corp has an Inventory turnover ratio of 3.79440624565044 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Dredging Corp has reported revenue growth of 8.37754319333921 % 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 18.5213394402188 %.

  • 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 %.

Brief about Dredging Corp

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