Dredging Corporation of India
- Market cap
- ₹ 2,240 Cr.
- P/E
- 59.4x
- P/B
- 1.86x
- 52-week range
- 619.9 – 1,286
- ROE
- 0%
- ROCE
- 4%
- Dividend yield
- 0%
- Debt / equity
- 0.88
- Sector
- Engineering Services
- Industry
- Dredging
- Listed on
- NSE, BSE
About
Dredging Corporation of India Limited is an India-based company, which is engaged in providing dredging services to the major ports of the country in India. The Company caters to the dredging requirements of ports and navy both in India and abroad. The principal activities of the Company comprise providing the services of capital dredging, maintenance dredging, beach nourishment, land reclamation, shallow and inland water dredging, project management consultancy, and marine construction. Its maintenance dredging involves the periodic removal of sediment and debris from ports and harbors to ensure safe navigation. Its fleet includes cutter suction and trailer suction hopper dredgers, equipped for extensive reclamation projects, contributing to land development and waterway depth improvement. It offers end-to-end project management consultancy services, ensuring the planning and execution of dredging and de-siltation projects to meet its clients requirements.
Quick check
The five things to look at first. Open one for more.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE BBB+ | Stable | 8 Apr 2026 |
| India Ratings | Withdrawn | Positive | 20 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 8 Apr 2026 | Reaffirmed | CARE BBB+ | — | CARE | ₹ 669.55 Cr. | |
| 12 Jan 2026 | Reaffirmed | CARE BBB+ | — | CARE | ₹ 453.64 Cr. | |
| 5 Dec 2025 | Reaffirmed | CARE BBB+ | — | CARE | ₹ 401 Cr. | |
| 20 Oct 2025 | Withdrawn | was IND BBB+ | — | India Ratings | ₹ 50 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 10 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 4 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 19 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 5 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 12 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 13 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 20 May 2025 | Financial Results | DREDGECORP : 20-May-2025 : The Company has informed the Exchange that a Board meeting to be held on May 14, 2025 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May 20, 2025, To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 198 | 265 | 278 | 151 | 204 | 324 | 462 | 242 | 212 | 276 | 478 | 355 |
| Expenses | 141 | 197 | 259 | 139 | 206 | 272 | 386 | 195 | 187 | 243 | 335 | 294 |
| Operating Profit | 57 | 69 | 19 | 12 | −2 | 52 | 77 | 47 | 25 | 33 | 143 | 62 |
| OPM % | 29% | 26% | 7% | 8% | −0.7% | 16% | 17% | 19% | 12% | 12% | 30% | 17% |
| Other Income | 0 | 1 | 1 | 1 | 23 | 16 | −1 | 1 | 1 | 1 | 2 | 1 |
| Interest | 7 | 8 | 7 | 7 | 17 | 12 | 17 | 31 | 23 | 11 | 24 | 10 |
| Depreciation | 33 | 34 | 39 | 37 | 38 | 39 | 38 | 40 | 37 | 48 | 33 | 42 |
| Profit before tax | 17 | 28 | −26 | −31 | −33 | 17 | 21 | −23 | −33 | −25 | 87 | 12 |
| Tax % | 4% | 2% | 1% | 1% | 2% | 4% | −1% | 1% | 3% | 0% | 1% | 2% |
| Net Profit | 17 | 27 | −26 | −31 | −34 | 16 | 21 | −23 | −34 | −25 | 87 | 11 |
| EPS in Rs | 5.99 | 9.72 | −9.28 | −11.21 | −11.97 | 5.74 | 7.64 | −8.33 | −12.21 | −8.8 | 31.04 | 4.01 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 6%
- 5 Years
- 10%
- 3 Years
- 1%
- TTM
- 7%
- 10 Years
- −17%
- 5 Years
- 15%
- 3 Years
- 27%
- TTM
- 206%
- 10 Years
- 11%
- 5 Years
- 29%
- 3 Years
- 41%
- TTM
- —
- 10 Years
- −2%
- 5 Years
- −3%
- 3 Years
- 0%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Dredging Corporation of India | ₹ 832.00 | ₹ 2,240 Cr. | 59.4x | 1.9x | 0% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
Management
- S. Divakar
- Chief Executive Officer, Managing Director, Executive Director
- P. Uma Gandhi
- Chief Financial Officer
- P. Chandra Kalabhinetri
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.