Dredging Corporation of India Limited (DREDGECORP) AI Stock Analysis

• Market Cap: ₹17.86B
• Dividend Yield: N/A
• Average Volume (3M): 5.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.56
• Revenue Growth: 38.31%
• EPS Growth: -78.27%
• Country: IN
• Employees: 248
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -8.33
• Shares Outstanding: 28,000,000
• 10 Day Avg. Volume: 8,977
• 30 Day Avg. Volume: 5,289
• PEG Ratio: 0.32
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 1.42
• P/FCF Ratio: -4.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹628.00
• Price Target Upside: -1.54% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: ₹628.00 ▼(-1.54% Downside)

The overall stock score is primarily impacted by financial performance challenges, including negative profitability and cash flow issues. Technical analysis further indicates a bearish trend, while valuation metrics highlight significant concerns with a negative P/E ratio and no dividend yield. These factors collectively suggest caution for potential investors.

Dredging Corporation of India Limited Business Overview & Revenue Model

Company Description

Dredging Corporation of India Limited (DREDGECORP) is a premier dredging company in India, engaged primarily in the business of dredging and allied services. The company plays a critical role in maintaining and developing India's ports and waterways, ensuring navigability and facilitating maritime trade. Its core services include capital dredging, maintenance dredging, beach nourishment, land reclamation, and other related maritime projects.

How the Company Makes Money

Dredging Corporation of India Limited generates revenue primarily through contracts awarded for dredging projects. These projects are typically for Indian government bodies, port authorities, and private entities that require dredging services for port development, maintenance of shipping channels, and land reclamation. The company bids for contracts through competitive tendering processes and earns revenue by executing these projects, often based on the volume of material dredged. Additionally, DREDGECORP may engage in international projects and partnerships, contributing to its revenue streams by providing expertise and equipment for global dredging initiatives. Significant factors contributing to its earnings include government policies on maritime infrastructure development, the strategic importance of maintaining navigable waterways, and collaborations with other maritime entities.

Dredging Corporation of India Limited Financial Statement Overview

Summary

Dredging Corporation of India Limited faces challenges in profitability and cash flow management. Despite stable gross profit margins, operational inefficiencies and high capital expenditures have led to net losses and negative free cash flow. The balance sheet shows moderate leverage, but declining equity could affect future financing capabilities.

Income Statement

The company has shown fluctuating revenue growth with a drop in the latest year. Despite having relatively high gross profit margins historically, the net profit margins have been negative in recent years due to negative EBIT. This indicates challenges in managing operational costs efficiently.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, suggesting manageable leverage. However, equity levels have been declining, and the return on equity has been negative recently due to net losses. This could pose risks to financial stability if losses continue.

Cash Flow

The company has struggled with negative free cash flow in recent periods, primarily due to high capital expenditures. While operating cash flow remains positive, it has not been sufficient to cover capital investments, indicating potential liquidity concerns.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.34B	11.42B	9.43B	11.58B	8.01B	7.53B
Gross Profit	8.65B	7.94B	7.27B	480.57M	5.97B	5.40B
EBITDA	1.98B	1.64B	2.04B	-252.22M	1.17B	-332.84M
Net Income	-193.78M	-274.57M	356.84M	-1.96B	35.70M	-1.72B
Balance Sheet
Total Assets	0.00	26.47B	24.03B	23.26B	23.07B	22.64B
Cash, Cash Equivalents and Short-Term Investments	481.37M	2.36B	835.79M	1.76B	1.26B	773.96M
Total Debt	0.00	9.23B	5.58B	3.81B	3.70B	4.36B
Total Liabilities	-12.21B	14.26B	11.39B	10.97B	9.03B	8.69B
Stockholders Equity	12.21B	12.21B	12.64B	12.29B	14.23B	13.95B
Cash Flow
Free Cash Flow	0.00	-3.67B	-1.00B	-304.84M	940.40M	1.73B
Operating Cash Flow	0.00	1.12B	1.91B	1.48B	2.05B	1.76B
Investing Cash Flow	0.00	-4.77B	-2.90B	-1.73B	-886.10M	-5.17M
Financing Cash Flow	0.00	3.63B	1.18B	-375.52M	-1.59B	-1.66B

Dredging Corporation of India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 637.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DREDGECORP, the sentiment is Negative. The current price of 637.8 is below the 20-day moving average (MA) of 649.01, below the 50-day MA of 647.54, and below the 200-day MA of 672.78, indicating a bearish trend. The MACD of -2.13 indicates Positive momentum. The RSI at 47.24 is Neutral, neither overbought nor oversold. The STOCH value of 17.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DREDGECORP.

Dredging Corporation of India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAZDOCK	72 Outperform	₹1.16T	53.58	―	0.60%	21.24%	-6.43%
SCHNEIDER	71 Outperform	₹204.29B	78.38	―	―	15.67%	40.44%
COCHINSHIP	69 Neutral	₹489.90B	58.26	―	0.64%	24.03%	-2.11%
GRSE	67 Neutral	₹312.16B	55.70	―	0.51%	39.76%	52.37%
IRCON	65 Neutral	₹164.12B	24.57	―	1.52%	-13.80%	-30.87%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DREDGECORP	49 Neutral	₹17.86B	―	―	―	38.31%	-78.27%