Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: January 15, 2026, 2:36 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523618 | NSE: DREDGECORP

Dredging Corporation of India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: January 15, 2026, 2:36 am

Market Cap 3,165 Cr.
Current Price 1,130
High / Low 1,159/495
Stock P/E
Book Value 414
Dividend Yield0.00 %
ROCE0.31 %
ROE3.67 %
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

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Mipco Seamless Rings (Gujarat) Ltd 9.68 Cr. 27.0 37.4/22.0 3.710.00 %%% 10.0
MPIL Corporation Ltd 22.2 Cr. 390 787/330 2420.12 %12.8 %15.5 % 10.0
FGP Ltd 10.8 Cr. 9.08 13.7/7.32 3.090.00 %0.00 %0.89 % 10.0
Logica Infoway Ltd 360 Cr. 202 267/17326.3 53.00.00 %14.3 %14.1 % 10.0
CRP Risk Management Ltd 10.8 Cr. 6.18 10.0/5.61 34.60.00 %0.00 %0.00 % 10.0
Industry Average8,321.25 Cr281.8240.25104.340.04%48.42%7.44%9.00

All Competitor Stocks of Dredging Corporation of India Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 239371337204198265278151204324462242212
Expenses 177310505148141197259139206272386195187
Operating Profit 6261-1675657691912-252774725
OPM % 26%16%-50%28%29%26%7%8%-1%16%17%19%12%
Other Income 111101112316-111
Interest 6137778771712173123
Depreciation 28354935333439373839384037
Profit before tax 2914-223161728-26-31-331721-23-33
Tax % 1%3%0%3%4%2%1%1%2%4%-1%1%3%
Net Profit 2914-223151727-26-31-341621-23-34
EPS in Rs 10.224.94-79.625.415.999.72-9.28-11.21-11.975.747.64-8.33-12.21

Last Updated: January 1, 2026, 10:04 pm

Below is a detailed analysis of the quarterly data for Dredging Corporation of India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Sales, as of Sep 2025, the value is 212.00 Cr.. The value appears to be declining and may need further review. It has decreased from 242.00 Cr. (Jun 2025) to 212.00 Cr., marking a decrease of 30.00 Cr..
  • For Expenses, as of Sep 2025, the value is 187.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 195.00 Cr. (Jun 2025) to 187.00 Cr., marking a decrease of 8.00 Cr..
  • For Operating Profit, as of Sep 2025, the value is 25.00 Cr.. The value appears to be declining and may need further review. It has decreased from 47.00 Cr. (Jun 2025) to 25.00 Cr., marking a decrease of 22.00 Cr..
  • For OPM %, as of Sep 2025, the value is 12.00%. The value appears to be declining and may need further review. It has decreased from 19.00% (Jun 2025) to 12.00%, marking a decrease of 7.00%.
  • For Other Income, as of Sep 2025, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 1.00 Cr..
  • For Interest, as of Sep 2025, the value is 23.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 31.00 Cr. (Jun 2025) to 23.00 Cr., marking a decrease of 8.00 Cr..
  • For Depreciation, as of Sep 2025, the value is 37.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 40.00 Cr. (Jun 2025) to 37.00 Cr., marking a decrease of 3.00 Cr..
  • For Profit before tax, as of Sep 2025, the value is -33.00 Cr.. The value appears to be declining and may need further review. It has decreased from -23.00 Cr. (Jun 2025) to -33.00 Cr., marking a decrease of 10.00 Cr..
  • For Tax %, as of Sep 2025, the value is 3.00%. The value appears to be increasing, which may not be favorable. It has increased from 1.00% (Jun 2025) to 3.00%, marking an increase of 2.00%.
  • For Net Profit, as of Sep 2025, the value is -34.00 Cr.. The value appears to be declining and may need further review. It has decreased from -23.00 Cr. (Jun 2025) to -34.00 Cr., marking a decrease of 11.00 Cr..
  • For EPS in Rs, as of Sep 2025, the value is -12.21. The value appears to be declining and may need further review. It has decreased from -8.33 (Jun 2025) to -12.21, marking a decrease of 3.88.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:26 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 7707356665855926927507648011,1659461,1421,241
Expenses 5845615364694575256117986831,1847441,0021,040
Operating Profit 186174130116135167139-34118-19202140201
OPM % 24%24%19%20%23%24%19%-4%15%-2%21%12%16%
Other Income 21026142076319332417
Interest 12261818201814201229283884
Depreciation 1389293100113113117119120150141152153
Profit before tax 39654512224313-1705-19535-26-18
Tax % 3%4%7%40%21%12%59%1%25%1%5%5%
Net Profit 386242717386-1724-19633-27-20
EPS in Rs 13.4122.2914.972.656.1213.581.97-61.521.28-70.0711.85-9.81-7.16
Dividend Payout % 22%13%20%0%33%22%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)63.16%-32.26%-83.33%142.86%123.53%-84.21%-2966.67%102.33%-5000.00%116.84%-181.82%
Change in YoY Net Profit Growth (%)0.00%-95.42%-51.08%226.19%-19.33%-207.74%-2882.46%3068.99%-5102.33%5116.84%-298.65%

Dredging Corporation of India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:9%
3 Years:13%
TTM:38%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-195%
Stock Price CAGR
10 Years:7%
5 Years:18%
3 Years:28%
1 Year:-31%
Return on Equity
10 Years:-2%
5 Years:-6%
3 Years:-5%
Last Year:-4%

Last Updated: September 5, 2025, 3:10 am

Balance Sheet

Last Updated: December 4, 2025, 1:11 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 28282828282828282828282828
Reserves 1,3951,4461,4741,4931,5161,5471,5421,3671,3791,2011,2271,1931,130
Borrowings 1,2571,0401,0138188096525524272732815589231,059
Other Liabilities 427270319333296236349444627817581503465
Total Liabilities 3,1082,7842,8342,6722,6492,4632,4712,2662,3072,3262,3952,6472,682
Fixed Assets 2,1881,8711,9281,8081,8171,7191,6541,6091,5801,5311,4301,3431,267
CWIP 013826438812295344584728
Investments 303044440000000
Other Assets 890882864834786733809645698791620721687
Total Assets 3,1082,7842,8342,6722,6492,4632,4712,2662,3072,3262,3952,6472,682

Below is a detailed analysis of the balance sheet data for Dredging Corporation of India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 28.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 28.00 Cr..
  • For Reserves, as of Sep 2025, the value is 1,130.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,193.00 Cr. (Mar 2025) to 1,130.00 Cr., marking a decrease of 63.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 1,059.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 923.00 Cr. (Mar 2025) to 1,059.00 Cr., marking an increase of 136.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 465.00 Cr.. The value appears to be improving (decreasing). It has decreased from 503.00 Cr. (Mar 2025) to 465.00 Cr., marking a decrease of 38.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 2,682.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,647.00 Cr. (Mar 2025) to 2,682.00 Cr., marking an increase of 35.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 1,267.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,343.00 Cr. (Mar 2025) to 1,267.00 Cr., marking a decrease of 76.00 Cr..
  • For CWIP, as of Sep 2025, the value is 728.00 Cr.. The value appears strong and on an upward trend. It has increased from 584.00 Cr. (Mar 2025) to 728.00 Cr., marking an increase of 144.00 Cr..
  • For Investments, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 687.00 Cr.. The value appears to be declining and may need further review. It has decreased from 721.00 Cr. (Mar 2025) to 687.00 Cr., marking a decrease of 34.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 2,682.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,647.00 Cr. (Mar 2025) to 2,682.00 Cr., marking an increase of 35.00 Cr..

Notably, the Reserves (1,130.00 Cr.) exceed the Borrowings (1,059.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +26821215887138148117176205148191112
Cash from Investing Activity +-733-9-17-8136-1-89-173-290-477
Cash from Financing Activity +493-142-127-141-127-145-142-166-159-38118363
Net Cash Flow286114-62127-1910-43-6319-2

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow185.00173.00129.00-702.00-674.00-485.00-413.00-461.00-155.00-300.00-356.00-783.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days1731851881771471351229696846881
Inventory Days
Days Payable
Cash Conversion Cycle1731851881771471351229696846881
Working Capital Days18217816120117815513122-90-98-88-19
ROCE %2%3%2%1%1%3%1%-8%0%-10%4%-0%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%
FIIs0.36%0.36%0.15%0.25%0.11%0.30%0.34%0.18%0.18%0.45%0.21%0.14%
DIIs2.31%7.12%7.12%6.36%5.30%5.14%5.09%5.63%6.60%6.60%6.25%6.63%
Government0.04%0.07%0.07%0.07%0.07%0.08%0.08%0.08%0.08%0.08%0.08%0.08%
Public23.83%18.98%19.19%19.86%21.06%21.01%21.02%20.65%19.67%19.40%19.99%19.69%
No. of Shareholders51,26747,83247,46950,17449,26445,57145,34648,62546,37946,26548,12847,603

Shareholding Pattern Chart

No. of Shareholders

Dredging Corporation of India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Invesco India PSU Equity Fund 646,300 3.84 55.43471,8102025-12-14 04:26:2236.98%
ITI ELSS Tax Saver Fund 29,850 0.58 2.56N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 15
FaceValue 10.00
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

After reviewing the key financial ratios for Dredging Corporation of India Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 15, the value is 10.00. This value is within the healthy range. No previous period data is available for comparison.
  • For Basic EPS (Rs.), as of Mar 15, the value is 22.29. This value is within the healthy range. No previous period data is available for comparison.
  • For Diluted EPS (Rs.), as of Mar 15, the value is 22.29. This value is within the healthy range. No previous period data is available for comparison.
  • For PBDIT Margin (%), as of Mar 15, the value is 24.76. This value is within the healthy range. No previous period data is available for comparison.
  • For PBIT Margin (%), as of Mar 15, the value is 12.23. This value is within the healthy range. No previous period data is available for comparison.
  • For PBT Margin (%), as of Mar 15, the value is 8.89. This value is below the healthy minimum of 10. No previous period data is available for comparison.
  • For Net Profit Margin (%), as of Mar 15, the value is 8.49. This value is within the healthy range. No previous period data is available for comparison.
  • For NP After MI And SOA Margin (%), as of Mar 15, the value is 8.49. This value is within the healthy range. No previous period data is available for comparison.
  • For Interest Coverage Ratio (X), as of Mar 15, the value is 3.50. This value is within the healthy range. No previous period data is available for comparison.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 15, the value is 3.39. This value is within the healthy range. No previous period data is available for comparison.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dredging Corporation of India Ltd as of January 15, 2026 is: ₹185.97

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 January 15, 2026, Dredging Corporation of India Ltd is Overvalued by 83.54% compared to the current share price ₹1,130.00

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

Intrinsic Value of Dredging Corporation of India Ltd as of January 15, 2026 is: ₹118.70

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 January 15, 2026, Dredging Corporation of India Ltd is Overvalued by 89.50% compared to the current share price ₹1,130.00

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

Last 5 Year EPS CAGR: -36.17%

*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: 48.42%)
      • 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: 7.44%)
      • 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: 40.25)
      • 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. 1142.14 Cr. and Equity Capital is Rs. 28.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
MiscellaneousCore: 2, 1st Floor, Delhi Delhi 110092Contact not found
Management
NamePosition Held
Dr. Madhaiyaan AngamuthuChairman, Non Ind & Non Exe 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
Mrs. Nutan Guha BiswasInd. Non-Executive Director
Mr. Vinod Kumar PiperseniaInd. Non-Executive Director
Mr. Rajiv JalotaInd. Non-Executive Director
Mr. Sanjay PantInd. Non-Executive Director
Mr. Lov VermaInd. Non-Executive Director

FAQ

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

Dredging Corporation of India Ltd's intrinsic value (as of 15 January 2026) is ₹185.97 which is 83.54% lower the current market price of ₹1,130.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹3,165 Cr. market cap, FY2025-2026 high/low of ₹1,159/495, reserves of ₹1,130 Cr, and liabilities of ₹2,682 Cr.

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

The Market Cap of Dredging Corporation of India Ltd is 3,165 Cr..

What is the current Stock Price of Dredging Corporation of India Ltd as on 15 January 2026?

The current stock price of Dredging Corporation of India Ltd as on 15 January 2026 is ₹1,130.

What is the High / Low of Dredging Corporation of India Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Dredging Corporation of India Ltd stocks is ₹1,159/495.

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 414.

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 0.31 %.

What is the ROE of Dredging Corporation of India Ltd?

The ROE of Dredging Corporation of India Ltd is 3.67 %.

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

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

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