Fin Cascade

Prices as of 8 Oct 2026 close · Not investment advice

Dredging Corporation of India Limited

NSE: DREDGECORPDredging

Share price

₹905.05

-2.79% close of 8 Oct 2026

Market cap ₹2,534 CrP/E 65.0

Business score

How strong the business is, in one number. The parts behind it are in Pro.

45

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹2,534 Cr

P/E ratio

65.0

P/B ratio

2.0

ROCE

4.3%

ROE

0.4%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹1,232.5052-week low ₹597.45

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 7.1% over the past year, and 3.3% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 15.3% to 17.7% over the last four years.

Whether it grew faster than its sector

It grew 3.3% a year against a sector median of 9.8% — 6.5 percentage points slower.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 2.4 times its growth rate, on earnings growth of 27%.

Profit growthPrice per ₹1 profitPer 1% growth
Dredging Corporation of India Limited — this one27%/yr65.0×₹2.4
InterGlobe Aviation-11%/yr——
GMR AIRPORTS LIMITED42%/yr164.9×₹3.9
JSW Infrastructure Limited29%/yr50.1×₹1.7
Container Corporation of India Limited2%/yr26.6×₹13.3
Redington Limited5%/yr16.8×₹3.4

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies across the whole Services sector, it ranks 104 of 143 on returns, 99 of 130 on growth, 49 of 143 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 4.3% on capital, ahead of 27% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹798 crore of cash from the business but spent ₹1407 crore on plant and equipment, ₹609 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹273 crore to ₹1087 crore. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

6 of 9 checks clear · 67%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Sales up 47% on last year but down 26% on the March quarter, with profit down 87%

Announced 4 Aug 2026 · Standalone · Unaudited

Revenue

₹355 Cr

Revenue vs last year

+46.9%

Revenue vs last quarter

-25.6%

Net profit

₹11 Cr

Profit vs last quarter

-87.1%

Net margin

3.2%

EPS

₹4.01

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹2,534 Cr
Prev close
₹905.05
52w High
₹1,286
52w Low
₹538
Enterprise value
₹3,621 Cr
Beta
1.5
Price CAGR 1y
50.0%
Price CAGR 3y
28.0%
Price CAGR 5y
21.0%
Price CAGR 10y
9.0%

Ratios

Return on assets
0.2%
PEG ratio
2.4
P/E ratio
65.0
P/B ratio
2.0
EV / EBITDA
14.6
Industry P/E
19.9
ROCE
4.3%
ROCE 5y average
-0.4%
ROE
0.4%
Debt / Equity
0.9
Interest coverage
1.1
Dividend yield
0.0%
ROE 3y average
0.0%
ROE last year
0.0%

Annual P&L

Annual revenue
₹1,208 Cr
Annual profit
₹5 Cr
Operating margin
20.0%
Net profit margin
0.4%
EBITDA margin
20.5%
Sales growth 3y
1.2%
Sales growth 5y
9.6%
Profit growth 3y
27.0%
Profit growth 5y
15.0%
EPS
₹1.7
Sales growth TTM
7.0%
Profit growth TTM
206.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹355 Cr
Profit latest quarter
₹11 Cr
YoY quarterly sales growth
46.7%
YoY quarterly profit growth
—
OPM latest quarter
17.4%

Balance Sheet

Book Value
₹439
Face Value
₹10.0
Total debt
₹1,087 Cr
Total cash
₹143 Cr
Borrowings
₹1,087 Cr
Reserves / Equity
42.9

Cash Flow

Operating cash flow
₹142 Cr
Free cash flow
-₹228 Cr
FCF yield
-12.5%
Net cash flow
₹161 Cr

Shareholding

Promoter holding
73.5%
FII holding
0.8%
DII holding
7.5%
Public holding
18.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Knowledge Marine3,214.0062.98,1520.0062.8447.7115.4138.116.3
Dredging Corpn.931.0066.32,6070.0011.2148.2355.446.74.3
Median2,072.5064.65,3790.0037.0298.0235.492.410.3

Competes with: Knowledge Marine & Engineering Works Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales204198265278151205324462242212276478355
Expenses148141197259139206272386195187243335294
Material Cost000000
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost242628252930
Other Expenses362170159218306263
Operating Profit5657691912-2527747253314362
OPM %2829266.928.12-0.7416171912123017
Other Income101112316-111121
Exceptional items (within Other Income)-2.6600000
Interest778771712173123112410
Depreciation35333439373839384037483342
Profit before tax161728-26-31-331721-23-33-258712
Tax %3421124-113012
Net Profit151727-26-31-341621-23-34-258711
EPS in Rs5.415.999.72-9.28-11-125.747.64-8.33-12-8.80314.01
Diluted EPS in Rs5.38-8.33-12-8.80354.01

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7356665855926927507648011,1659461,1271,2081,322
Expenses5615364694575256117986831,1847449889611,059
Material Cost00
Change in Inventories00
Purchases of Stock-in-Trade00
Employee Cost101107
Other Expenses902853
Operating Profit174130116135167139-34118-19202140248263
OPM %241920232419-4.5015-1.6021122020
Other Income1026142076319332466
Exceptional items (within Other Income)180
Interest26181820181420122928388967
Depreciation9293100113113117119120150141152158160
Profit before tax654512224313-1705-19535-266.5841
Tax %474021125912515528
Net Profit6242717386-1724-19633-274.7539
EPS in Rs22152.656.12141.97-621.28-7012-9.811.7014
Diluted EPS in Rs-125.28
Dividend Payout %1320033220000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
6%
5 years
10%
3 years
1%
TTM
7%

Compounded profit growth

10 years
-17%
5 years
15%
3 years
27%
TTM
206%

Stock price CAGR

10 years
9%
5 years
21%
3 years
28%
1 year
50%

Return on equity

10 years
-2%
5 years
-3%
3 years
0%
Last year
0%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital282828282828282828282828
Reserves1,4461,4741,4931,5161,5471,5421,3671,3791,2011,2271,1931,202
Borrowings1,0401,0138188096525524272732815589231,087
Other Liabilities270319333296236349444627817581518748
Total Liabilities2,7842,8342,6722,6492,4632,4712,2662,3072,3262,3952,6623,066
Fixed Assets1,8711,9281,8081,8171,7191,6541,6091,5801,5311,4301,3431,207
CWIP13826438812295344584894
Investments3044440000000
Other Assets882864834786733809645698791620736964
Total Assets2,7842,8342,6722,6492,4632,4712,2662,3072,3262,3952,6623,066

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity21215887138148117176205148191112142
Cash from Investing Activity-9-17-8136-1-89-173-290-457-302
Cash from Financing Activity-142-127-141-127-145-142-166-159-38118363321
Net Cash Flow6114-62127-1910-43-631918161
Free Cash Flow19813174130148117173114-27-100-367-229

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days185188177147135122969684688271
Cash Conversion Cycle185188177147135122969684688271
Working Capital Days17816120117815513122-90-98-88-20-56
ROCE %321131-80-104-04

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters737373737373737373737373
FIIs0.110.300.340.180.180.450.210.140.510.371.030.75
DIIs5.305.145.095.636.606.606.256.638.158.316.687.46
Government0.070.080.080.080.080.080.080.080.080.040.040.04
Public212121212019202018181918
No. of Shareholders49,26445,57145,34648,62546,37946,26548,12847,60347,65148,53049,07848,011

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +47.2% (₹614.65 → ₹905.05)Brick size ₹40.37 (fixed)Bricks 60
₹600₹800₹1,000₹1,200₹905Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹905.05 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-09-30

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-09-30

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-09-30

FY revenue / permanent employees + workers, same basis (calc)

5,59,25,926inr

2026-03-31

News

News and filings about Dredging Corporation of India Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Uses as raw material

  • High-Speed Diesel (HSD) / marine fuel

Depends on the price of

  • diesel

Sells to

  • Cochin Port Authority · maintenance & capital dredging services
  • Deendayal Port Authority · maintenance & capital dredging services
  • Indian Navy · naval harbour dredging services
  • Jawaharlal Nehru Port Authority (JNPT) · maintenance & capital dredging services
  • Paradip Port Authority · maintenance & capital dredging services
  • Syama Prasad Mookerjee Port, Kolkata · Hooghly river maintenance dredging
  • Visakhapatnam Port Authority · maintenance & capital dredging services

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Services
Industry
Dredging
Classification
Services › Dredging
ISIN
INE506A01018

News impact

Big market events that reach Dredging Corporation of India Limited, and how the effect spreads.

23 Sept, 01:47 IST · Market event · medium impact

Green clearance validity for ports extended

Longer green clearances cut approval delays for port builders, helping port operators like Adani Ports and JSW Infrastructure, with little effect on unrelated builders or office firms.

ServicesConstruction

Who it hits first

  • The environment ministry has made green approvals for ports last longer, so port projects need fewer repeat clearances.
  • Adani Ports, India's biggest private port operator, and JSW Infrastructure, the JSW group's port arm, can build and expand with fewer approval delays.
  • Port-linked helpers like Dredge Corporation (harbour dredging), Knowledge Marine (marine works) and Shreeji Shipping (coastal shipping) should see steadier work as port building speeds up.
  • Unrelated firms swept into the same sectors — coworking firm Smartworks, delivery firm Delhivery and airport operator GMR Airports — get no direct benefit.
  • Gujarat Pipavav Port, a rival port operator, looks equally exposed but was not in the ranked map, so no signal was emitted for it.

Who may gain

  • Adani Ports & SEZ — fewer clearance delays on port expansions.
  • JSW Infrastructure — same clearance relief on its port pipeline.
  • Port helpers: Dredge Corporation, Knowledge Marine, Shreeji Shipping, Container Corporation and builder Larsen & Toubro — steadier port-linked work.

Along the supply chain

Downstream

Shippers, container movers and steel and energy users of JSW Infrastructure's ports (JSW Steel, Vedanta and JSW Energy are its customers) gain over time from faster port capacity, but no immediate freight change.

Upstream

Makers of construction material, dredgers and port equipment (suppliers to Adani Ports include Larsen & Toubro and Cochin Shipyard) face smoother order flow as port projects stall less.

Where demand moves

Business

Port operators spend more steadily on construction, dredging and equipment as clearance risk falls; dredging and marine contractors plus container mover Container Corporation see follow-on orders.

Capital

Investors favour direct port owners Adani Ports and JSW Infrastructure mildly; no broad sector re-rating since the relief touches ports only, not offices, delivery or airports.

How it spreads across sectors

Construction

Port-building contractors gain modestly; road, rail and building contractors see no spillover.

Services

Port operators gain; unrelated services (coworking, delivery, airports) unaffected.

When it plays out

Immediate

1–7 days: mild positive sentiment on Adani Ports and JSW Infrastructure shares; no earnings change.

Medium term

1–6 months: faster clearances move a few port expansions forward, lifting dredging and equipment orders.

Short term

1–4 weeks: analysts trim approval-risk discounts on port pipelines; contractor commentary turns upbeat.

Who it hits first

  • Nagapattinam international port (a Tamil Nadu state-government port) will add duty-free retail shops and upgrade toward international maritime/aviation-hub standards on the back of booming India-Sri Lanka ferry traffic.
  • No listed company operates this state port, so direct corporate impact is limited and diffuse.

Who may gain

  • Travel-retail / duty-free concession operators (Travel Food Services) - optionality on hub concessions
  • PSU dredging (Dredging Corporation of India) - possible but unconfirmed harbour-deepening scope
  • Tamil Nadu coastal tourism and hospitality - diffuse, longer-term footfall benefit

Along the supply chain

Downstream

The upgraded port and duty-free capacity serve India-Sri Lanka ferry passengers and regional cross-border trade; downstream beneficiaries are travel-retail concessionaires and local tourism, not a manufacturing value chain.

Upstream

Port construction and upgrade pull in dredging and marine-civil EPC scope (e.g. PSU dredger DCI for channel deepening, if any); these are one-off project inputs, not a continuous supply chain.

Where demand moves

Business

The port upgrade creates net-new localized demand: duty-free/travel-retail concession demand that flows to specialist travel-retail operators, and possible harbour-deepening/dredging scope; booming India-Sri Lanka ferry passenger volume feeds travel-retail footfall. No existing supplier loses business - this is incremental capacity, not a reallocation.

Capital

The event is too small and localized to drive sector-level capital rotation; any market interest is stock-specific speculative attention on travel-retail (TRAVELFOOD) and dredging (DREDGECORP) names rather than a broad sector flow.

How it spreads across sectors

Consumer Services

Net-new duty-free / travel-retail concession opportunity at a growing ferry hub - positive optionality for travel-retail operators.

Services

Mild positive sentiment for coastal-shipping / port-logistics names, but Nagapattinam is a state-government port with no listed operator, so the effect is diffuse and non-attributable.

When it plays out

Immediate

Negligible immediate price reaction - this is an announcement-stage development with no contracts or concessions awarded yet.

Medium term

If India-Sri Lanka ferry traffic sustains, a modest structural uplift for travel-retail footfall and regional tourism accrues over 1-6 months as the hub scales.

Short term

Watch for duty-free concession tenders and any dredging/EPC contract awards tied to the upgrade over the next 1-4 weeks.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

31 Jul 2019unspecified₹3
3 Aug 2018unspecified₹2
22 Sep 2016unspecified₹3
22 Sep 2015unspecified₹3
11 Sep 2014unspecified₹3
12 Sep 2013unspecified₹2
17 Aug 2010unspecified₹3
2 Sep 2009unspecified₹5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
20 May 2026QE SECURITIES LLPBUY3,15,292₹1,104.09
20 May 2026QE SECURITIES LLPSELL3,10,515₹1,109.48
20 May 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL2,83,662₹1,108.84
20 May 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY2,80,093₹1,107.94
20 May 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL2,57,992₹1,106.62
20 May 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY2,57,992₹1,106.24
20 May 2026NAND KISHORE TAORISELL2,44,929₹1,110.44
20 May 2026NAND KISHORE TAORIBUY2,44,929₹1,115.09
20 May 2026PUMA SECURITIESBUY2,16,468₹1,113.41
20 May 2026PUMA SECURITIESSELL2,16,468₹1,113.53

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.