Dredging Corporation of India Limited (IN:DREDGECORP)
:DREDGECORP
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Dredging Corporation of India Limited
(DREDGECORP)
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Rating:49Neutral
Price Target:
₹841.00
▼(-12.75% Downside)
Action:ReiteratedDate:03/31/26
The score is held down mainly by weak financial performance (losses, negative free cash flow, and declining equity) and bearish technicals (below major moving averages with negative MACD). Valuation is also unfavorable due to a negative P/E, reflecting current profitability challenges.
Positive Factors
Specialized Business Model
The company operates in a specialized, capital-intensive niche—maintenance and capital dredging for ports and waterways. That business model produces recurring maintenance work from port authorities and government bodies and supports durable revenue streams tied to trade and port activity rather than fleeting consumer trends.
Negative Factors
Negative Profitability
Sustained negative EBIT and net margins weaken the firm's ability to internally fund growth and absorb project margin shocks. Persistent unprofitability undermines retained earnings, erodes competitive reinvestment capacity, and increases dependence on external financing for strategic fleet or capability investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized Business Model
The company operates in a specialized, capital-intensive niche—maintenance and capital dredging for ports and waterways. That business model produces recurring maintenance work from port authorities and government bodies and supports durable revenue streams tied to trade and port activity rather than fleeting consumer trends.
Read all positive factors
Dredging Corporation of India Limited (DREDGECORP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.93B
Dividend YieldN/A
Average Volume (3M)5.32K
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue Growth38.09%
EPS Growth67.21%
CountryIN
Employees248
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-8.80
Shares Outstanding28,000,000
10 Day Avg. Volume3,372
30 Day Avg. Volume5,322
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)1.33
Price to Sales (P/S)1.42
P/FCF Ratio-4.42
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 provides dredging services to various ports, Indian navy, fishing harbors, and other maritime organizations in India. The company offers capital dredging, maintenance dredging, beach nourishment, land reclamat...
How the Company Makes Money
DREDGECORP primarily makes money by contracting dredging services for customers such as port authorities, government bodies, and other entities that require waterways and harbour areas to be created, deepened, or maintained. Revenue is mainly gene...
Dredging Corporation of India Limited Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.41B | 11.42B | 9.43B | 11.58B | 8.01B | 7.53B |
| Gross Profit | 7.94B | 7.94B | 7.27B | 480.57M | 5.97B | 5.40B |
| EBITDA | 2.03B | 1.64B | 2.04B | -252.22M | 1.17B | -332.84M |
| Net Income | -200.55M | -274.57M | 356.84M | -1.96B | 35.70M | -1.72B |
Balance Sheet | ||||||
| Total Assets | 26.82B | 26.47B | 24.03B | 23.26B | 23.07B | 22.64B |
| Cash, Cash Equivalents and Short-Term Investments | 2.80B | 2.36B | 835.79M | 1.76B | 1.26B | 773.96M |
| Total Debt | 10.59B | 9.23B | 5.58B | 3.81B | 3.70B | 4.36B |
| Total Liabilities | 15.24B | 14.26B | 11.39B | 10.97B | 9.03B | 8.69B |
| Stockholders Equity | 11.58B | 12.21B | 12.64B | 12.29B | 14.23B | 13.95B |
Cash Flow | ||||||
| Free Cash Flow | 395.97M | -3.67B | -1.00B | -304.84M | 940.40M | 1.73B |
| Operating Cash Flow | 1.71B | 1.12B | 1.91B | 1.48B | 2.05B | 1.76B |
| Investing Cash Flow | -1.30B | -4.77B | -2.90B | -1.73B | -886.10M | -5.17M |
| Financing Cash Flow | 352.19M | 3.63B | 1.18B | -375.52M | -1.59B | -1.66B |
Dredging Corporation of India Limited Technical Analysis
Neutral
963.85
Price Trends
960.52
Negative
945.58
Negative
806.71
Positive
Market Momentum
-40.75
Positive
43.24
Neutral
35.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DREDGECORP, the sentiment is Neutral. The current price of 963.85 is above the 20-day moving average (MA) of 891.58, above the 50-day MA of 960.52, and above the 200-day MA of 806.71, indicating a neutral trend. The MACD of -40.75 indicates Positive momentum. The RSI at 43.24 is Neutral, neither overbought nor oversold. The STOCH value of 35.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:DREDGECORP.
Dredging Corporation of India Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹220.97B | 44.51 | ― | ― | 12.77% | 31.32% | |
68 Neutral | ₹933.60B | 28.54 | ― | 0.47% | 12.22% | -9.22% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ₹118.46B | 41.51 | ― | 1.56% | -13.85% | -34.81% | |
62 Neutral | ₹258.89B | 40.98 | ― | 0.80% | 43.86% | 60.18% | |
58 Neutral | ₹351.08B | 73.64 | ― | 0.59% | 19.62% | -12.34% | |
49 Neutral | ₹23.93B | -28.35 | ― | ― | 38.09% | 67.21% |
* Industrials Sector Average
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Dredging Corporation of India Limited Corporate Events
Dredging Corporation of India Names Krishna Das as Independent Director
Mar 9, 2026
Dredging Corporation of India Limited has appointed Smt. Krishna Das as a Non-Executive Independent Director, with her appointment becoming effective on 9 March 2026 after completion of requisite regulatory and filing formalities. Her initial term...
Dredging Corporation of India Announces Completion of Tenure of Independent Director Lav Verma
Feb 28, 2026
Dredging Corporation of India Limited has announced that Shri Lav Verma, IAS (Retd.), has ceased to be a non-executive independent director of the company with effect from February 28, 2026, following the completion of his three-year tenure. As a ...
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.