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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 523618 | NSE: DREDGECORP

Dredging Corporation of India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 10:15 pm

Market Cap 2,262 Cr.
Current Price 806
High / Low1,458/506
Stock P/E
Book Value 425
Dividend Yield0.00 %
ROCE4.18 %
ROE2.92 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Dredging Corporation of India Ltd

Competitors of Dredging Corporation of India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
FGP Ltd 11.7 Cr. 9.8014.2/5.5122.0 3.140.00 %6.46 %8.00 % 10.0
Logica Infoway Ltd 368 Cr. 215314/12942.1 37.70.00 %14.4 %14.2 % 10.0
CRP Risk Management Ltd 17.4 Cr. 9.9535.2/7.16435 34.60.00 %0.07 %0.07 % 10.0
Binani Industries Ltd 46.6 Cr. 15.022.4/13.2 59.10.00 %%% 10.0
Syngene International Ltd 34,113 Cr. 847946/60874.0 1090.15 %14.7 %13.2 % 10.0
Industry Average10,729.00 Cr298.96143.2896.060.02%24.80%26.73%8.71

All Competitor Stocks of Dredging Corporation of India Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales212119151240289218239371337204198265278
Expenses283111123196252192177310505148141197256
Operating Profit-718284437256261-16756576922
OPM %-34%7%18%18%13%12%26%16%-50%27%29%26%8%
Other Income11018011111011
Interest73333461377787
Depreciation29292929333828354935333439
Profit before tax-106-22-4301-152914-223161728-23
Tax %-1%-1%-5%2%17%-2%1%3%-0%3%4%2%-1%
Net Profit-107-23-4291-162914-223151727-23
EPS in Rs-38.04-8.11-1.4210.380.38-5.6110.224.94-79.625.415.999.72-8.38

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales6357707356665855926927507648011,165946
Expenses524584561536469457525611798683990741
Operating Profit111186174130116135167139-34118175204
OPM %18%24%24%19%20%23%24%19%-4%15%15%22%
Other Income32102614207631933
Interest31226181820181420122928
Depreciation901389293100113113117119120136141
Profit before tax2239654512224313-17051438
Tax %5%3%4%7%40%21%12%59%-1%25%9%5%
Net Profit21386242717386-17241336
EPS in Rs7.3213.4122.2914.972.656.1213.581.97-61.521.284.4912.74
Dividend Payout %27%22%13%20%0%33%22%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)80.95%63.16%-32.26%-83.33%142.86%123.53%-84.21%-2966.67%102.33%225.00%176.92%
Change in YoY Net Profit Growth (%)0.00%-17.79%-95.42%-51.08%226.19%-19.33%-207.74%-2882.46%3068.99%122.67%-48.08%

Dredging Corporation of India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:6%
3 Years:7%
TTM:-19%
Compounded Profit Growth
10 Years:0%
5 Years:-1%
3 Years:30%
TTM:53%
Stock Price CAGR
10 Years:7%
5 Years:17%
3 Years:35%
1 Year:55%
Return on Equity
10 Years:-1%
5 Years:-5%
3 Years:-4%
Last Year:3%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:36 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital28282828282828282828282828
Reserves1,3681,3951,4461,4741,4931,5161,5471,5421,3671,3791,2011,2361,162
Borrowings7211,2571,0401,013818809652552427273281426618
Other Liabilities356427270319333296236349444627817713739
Total Liabilities2,4723,1082,7842,8342,6722,6492,4632,4712,2662,3072,3262,4032,547
Fixed Assets1,0082,1881,8711,9281,8081,8171,7191,6541,6091,5801,5311,4381,419
CWIP230138264388122953134
Investments3030304444000000
Other Assets1,4128908828648347867338096456987919331,093
Total Assets2,4723,1082,7842,8342,6722,6492,4632,4712,2662,3072,3262,4032,547

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-3726821215887138148117176205148191
Cash from Investing Activity +-530-733-9-17-8136-1-89-173-290
Cash from Financing Activity +517493-142-127-141-127-145-142-166-159-38118
Net Cash Flow-50286114-62127-1910-43-6319

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-610.00185.00173.00129.00-702.00-674.00-485.00-413.00-461.00-155.00-106.00-222.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days272173185188177147135122969610668
Inventory Days
Days Payable
Cash Conversion Cycle272173185188177147135122969610668
Working Capital Days33118317916120117815513186216-44
ROCE %1%2%3%2%1%1%3%1%-8%0%3%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%
FIIs0.05%0.05%0.22%0.39%0.23%0.36%0.36%0.15%0.25%0.11%0.30%0.34%
DIIs2.32%2.31%2.31%2.32%2.31%2.31%7.12%7.12%6.36%5.30%5.14%5.09%
Government0.00%0.00%0.00%0.00%0.00%0.04%0.07%0.07%0.07%0.07%0.08%0.08%
Public24.16%24.17%24.00%23.82%24.00%23.83%18.98%19.19%19.86%21.06%21.01%21.02%
No. of Shareholders52,49851,36456,66155,75754,69951,26747,83247,46950,17449,26445,57145,346

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 15
FaceValue10.00
Basic EPS (Rs.)22.29
Diluted EPS (Rs.)22.29
PBDIT Margin (%)24.76
PBIT Margin (%)12.23
PBT Margin (%)8.89
Net Profit Margin (%)8.49
NP After MI And SOA Margin (%)8.49
Interest Coverage Ratio (X)3.50
Interest Coverage Ratio (Post Tax) (X)3.39

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dredging Corporation of India Ltd as of November 22, 2024 is: 189.87

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, Dredging Corporation of India Ltd is Overvalued by 76.44% compared to the current share price 806.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Dredging Corporation of India Ltd as of November 22, 2024 is: 275.80

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, Dredging Corporation of India Ltd is Overvalued by 65.78% compared to the current share price 806.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 45.26%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dredging Corporation of India Ltd:
    1. Net Profit Margin: 8.49%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0% (Industry Average ROCE: 24.8%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0% (Industry Average ROE: 26.73%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.39
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 143.28)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Dredging Corporation Of India Ltd. is a Public Limited Listed company incorporated on 29/03/1976 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L29222DL1976PLC008129 and registration number is 008129. Currently Company is involved in the business activities of Construction of waterways, harbours and river works, dredging of waterways. Company’s Total Operating Revenue is Rs. 799.09 Cr. and Equity Capital is Rs. 28.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
MiscellaneousCore: 2, 1st Floor, SCOPE MINAR, Delhi Delhi 110092kalabhinetri@dcil.co.in
http://www.dredge-india.com
Management
NamePosition Held
Dr. Madhaiyaan AngamuthuChairperson (NonExe. & NonInd.Director)
Mr. Durgesh Kumar DubeyManaging Director & CEO
Mr. P L HaranadhNon Exe.Non Ind.Director
Mr. Sushil Kumar SinghNon Exe.Non Ind.Director
Mr. Unmesh Sharad WaghNon Exe.Non Ind.Director
Mr. Rajat SacharInd. Non-Executive Director
Mr. Arun Kumar GuptaInd. Non-Executive Director
Mr. Lov VermaInd. Non-Executive Director
Mrs. Nutan Guha BiswasInd. Non-Executive Director
Mr. Vinod Kumar PiperseniaInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Dredging Corporation of India Ltd?

The latest intrinsic value of Dredging Corporation of India Ltd as on 22 November 2024 is ₹189.87, which is 76.44% lower than the current market price of ₹806.00.

What is the Market Cap of Dredging Corporation of India Ltd?

The Market Cap of Dredging Corporation of India Ltd is 2,262 Cr..

What is the current Stock Price of Dredging Corporation of India Ltd as on 22 November 2024?

The current stock price of Dredging Corporation of India Ltd as on 22 November 2024 is ₹806.

What is the High / Low of Dredging Corporation of India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dredging Corporation of India Ltd stocks is 1,458/506.

What is the Stock P/E of Dredging Corporation of India Ltd?

The Stock P/E of Dredging Corporation of India Ltd is .

What is the Book Value of Dredging Corporation of India Ltd?

The Book Value of Dredging Corporation of India Ltd is 425.

What is the Dividend Yield of Dredging Corporation of India Ltd?

The Dividend Yield of Dredging Corporation of India Ltd is 0.00 %.

What is the ROCE of Dredging Corporation of India Ltd?

The ROCE of Dredging Corporation of India Ltd is 4.18 %.

What is the ROE of Dredging Corporation of India Ltd?

The ROE of Dredging Corporation of India Ltd is 2.92 %.

What is the Face Value of Dredging Corporation of India Ltd?

The Face Value of Dredging Corporation of India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dredging Corporation of India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE