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Dredging Corporation of India Limited
(DREDGECORP)
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Rating:45Neutral
Price Target:
₹882.00
▼(-21.20% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily constrained by weak financial performance: profitability is only modestly positive, leverage has increased, and free cash flow has been persistently negative. Technicals are mixed (neutral RSI with slightly negative MACD), providing limited support, while valuation is a headwind due to a very high P/E and no dividend yield data.
Positive Factors
Revenue Growth
Reported revenue growth of 7.1% indicates the business has expanded its top line, supporting project execution scale and utilization of its marine platform. If sustained, growth can improve fixed-cost absorption and provide a base for rebuilding margins, although recent annual revenue was uneven.
Negative Factors
Fragile Profitability
The return to a small profit remains fragile because net margin is only about 0.4% and follows losses in 2023–2025. Thin earnings leave little buffer for cost increases, project execution variability or weaker revenue, limiting the durability of internally generated returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Reported revenue growth of 7.1% indicates the business has expanded its top line, supporting project execution scale and utilization of its marine platform. If sustained, growth can improve fixed-cost absorption and provide a base for rebuilding margins, although recent annual revenue was uneven.
Read all positive factors
Dredging Corporation of India Limited (DREDGECORP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹25.07B
Dividend Yield0.91%
Average Volume (3M)5.19K
Price to Earnings (P/E)51.3
Beta (1Y)1.44
Revenue Growth7.13%
EPS GrowthN/A
CountryIN
Employees248
SectorGeneral
Sector StrengthN/A
IndustryMarine Shipping
Share Statistics
EPS (TTM)17.62
Shares Outstanding28,000,000
10 Day Avg. Volume4,840
30 Day Avg. Volume5,190
Financial Highlights & Ratios
PEG Ratio-0.95
Price to Book (P/B)0.56
Price to Sales (P/S)0.57
P/FCF Ratio-3.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dredging Corporation of India Limited Business Overview & Revenue Model
Company Description
Dredging Corporation of India Limited (DCI) is a prominent Indian company that delivers specialized dredging solutions to a wide array of clients. Its services are sought by numerous ports, the Indian Navy, fishing harbors, and various other marit...
How the Company Makes Money
DREDGECORP primarily makes money by executing dredging contracts and related marine works for customers such as port authorities, government entities and other maritime infrastructure operators. Its key revenue stream is service income from (1) ma...
Dredging Corporation of India Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
53
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.22B | 12.08B | 11.42B | 9.43B | 11.58B | 8.01B |
| Gross Profit | 5.83B | 5.61B | 7.94B | 7.27B | 480.57M | 5.97B |
| EBITDA | 2.65B | 2.48B | 1.64B | 2.04B | -252.22M | 1.17B |
| Net Income | 393.36M | 47.53M | -274.57M | 356.84M | -1.96B | 35.70M |
Balance Sheet | ||||||
| Total Assets | 31.00B | 30.66B | 26.47B | 24.03B | 23.26B | 23.07B |
| Cash, Cash Equivalents and Short-Term Investments | 801.92M | 4.57B | 2.36B | 835.79M | 1.76B | 1.26B |
| Total Debt | 11.06B | 10.87B | 9.23B | 5.58B | 3.81B | 3.70B |
| Total Liabilities | 18.55B | 18.35B | 14.26B | 11.39B | 10.97B | 9.03B |
| Stockholders Equity | 12.45B | 12.30B | 12.21B | 12.64B | 12.29B | 14.23B |
Cash Flow | ||||||
| Free Cash Flow | 395.97M | -2.17B | -3.67B | -1.00B | -304.84M | 940.40M |
| Operating Cash Flow | 1.71B | 1.54B | 1.12B | 1.91B | 1.48B | 2.05B |
| Investing Cash Flow | -1.30B | -3.71B | -4.77B | -2.90B | -1.73B | -886.10M |
| Financing Cash Flow | 352.19M | 3.62B | 3.63B | 1.18B | -375.52M | -1.59B |
Dredging Corporation of India Limited Technical Analysis
Negative
1119.30
Price Trends
1057.73
Negative
1067.34
Negative
1015.69
Negative
Market Momentum
-41.96
Positive
27.54
Positive
12.58
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 1119.3 is above the 20-day moving average (MA) of 993.15, above the 50-day MA of 1057.73, and above the 200-day MA of 1015.69, indicating a bearish trend. The MACD of -41.96 indicates Positive momentum. The RSI at 27.54 is Positive, neither overbought nor oversold. The STOCH value of 12.58 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹100.78B | 23.73 | ― | 3.91% | 10.62% | 8.14% | |
62 Neutral | ₹5.07T | 28.77 | ― | 1.02% | 9.78% | 13.15% | |
58 Neutral | ₹202.18B | 33.02 | ― | 0.26% | 10.02% | 46.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹25.07B | 51.30 | ― | 0.91% | 7.13% | ― | |
45 Neutral | ₹53.02B | 25.97 | ― | 1.34% | -20.64% | -12.46% | |
44 Neutral | ₹89.24B | 61.92 | ― | 0.82% | -11.87% | -73.37% |
* General Sector Average
IN:DREDGECORP
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43.60%
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Dredging Corporation of India Limited Corporate Events
Dredging Corporation of India Confirms No Warrant Conversions in June Quarter
Jul 15, 2026
Dredging Corporation of India Limited has reported that there were no new equity share allotments arising from the conversion of convertible warrants during the quarter ended 30 June 2026. The confirmation under Regulation 32(1) of the SEBI Listin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.