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Dredging Corporation of India Ltd share Price Today

Company details

1,055.00
1,109.70
330.00
1,149.00
6M Return 77.71%
1Y Return 221.69%
Mkt Cap.(Cr) 2,994.46
Volume 148,860
Div Yield 0.00%
OI
-
OI Chg %
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Volume 148,860

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Shipping company Dredging Corporation Of India announced Q3FY24 results:

Financial Performance:
- Dredging Corporation of India reports a profit of Rs 27.22 crore in Q3FY24.
- This performance indicates a substantial improvement from the Rs 13.84 crore profit reported in Q3FY23.
- The Earning Per Share (EPS) has risen to Rs 9.72 for Q3FY24.

Operational Highlights:
- The Earnings before Interest, Taxes, Depreciation & Amortization (EBIDTA) for Q3 stands at Rs 69.59 crore, compared to Rs 59.71 crore in the same quarter last year.

Growth Projections:
- The company aims for a record turnover of Rs 1,200 crore for FY24.

Result PDF

View Other Company Results

Dredging Corporation of India Ltd shares SWOT Analysis

Strengths (13)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (2)

  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Fall in Quarterly Revenue and Net Profit (YoY)

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,101.1
R2 1,132.8
R3 1,155.8
Pivot

1,078.05

S1 1,046.4
S2 1,023.4
S3 991.7
EMA SMA
951.1
870.6
794.1
688.5
955.0
851.8
794.6
662.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-17 838.19 314246 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-17 838.19 314246 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-16 812.81 639573 NSE
Name Category Shares
VISAKHAPATNAM PORT AUTHORITY PROMOTER 19.47%
DEENDAYAL PORT AUTHORITY PROMOTER 18%
JAWAHARLAL NEHRU PORT AUTHORITY PROMOTER 18%
PARADIP PORT AUTHORITY PROMOTER 18%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Dredging Corporation of India Ltd Stocks COMPARISON

Financials( in Cr) Dredging Corporation of India Ltd Central Depository Services (India) Ltd TBO Tek Ltd Indegene Ltd Godrej Agrovet Ltd
Price 1,069.45 2,114.80 1,606.60 585.50 586.95
% Change -1.11 0.61 2.76 -2.44 -0.83
Mcap Cr 2,994.46 22,099.66 17,445.75 14,009.20 11,281.82
Revenue TTM Cr 1,164.80 555.09 1,064.59 2,306.13 9,373.68
Net Profit TTM Cr 12.56 275.96 148.49 266.10 295.36
PE TTM 82.23 52.73 83.53 41.76 31.36
1 Year Return 221.69 101.83 14.24 2.56 31.96
ROCE 2.47 31.39 51.92 29.51 10.56
ROE 0.89 23.93 51.90 29.12 10.47
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,422.56 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,088.77 -1,030.79
LAST 3M 113,155.52 -39,495.50
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,038.85 99,015.20

Dredging Corporation of India Ltd Information

Stock PE (TTM)
82.23
Promoter Holding
73.47%
Book Value
451.2857
ROCE
2.47%
ROE
0.89%
Description
  • Dredging Corporation of India Ltd, a Mini-Ratna Public Sector Enterprise is a successful Domestic & Global Player in the field of dredging. The company offers four types of dredging services, namely maintenance dredging, capital dredging, beach nourishment and land reclamation. They do dredging mainly for Indian seaports, though occasionally they dredge at foreign seaports in countries such as Taiwan and Dubai. The company helps to ensure the continuous availability of the desired depths in shipping channels of the Major and Minot Ports, Navy, fishing harbor and other maritime organizations. The head office is located in the eastern seaboard of India at Visakhapatnam in Andhra Pradesh and project offices are located at all major ports in India. Dredging Corporation of India Ltd was incorporated on March 29, 1976 with the primary objective of catering to the dredging requirements of Indian ports. The company is a pioneer organization in the field of dredging and maritime development. The company being a Mini-Ratna enterprise has enhanced autonomy with regard to capital expenditure, establishment of joint ventures, overseas offices and technology alliances. The company commenced their full fledged commercial operation from April 1, 1977. In the year 1977, the company was awarded a USD 10 million contract for the management of Yanbu Construction Port on the Red Sea in the Kingdom of Saudi Arabia, for three years. During the year 1981-83, they have efficiently performed stevedoring services at Yanbu Construction Support Port. During the year 2001-02, they executed shore pumbinig and reclamation works at Taichung Harber in Taiwan. The company associated themselves with the prestigious Sethusamudram Ship Channel Project. The Minsitry of Shipping, Road Transport and Highways set up a Special Purpose Vehicle in the name Sethusamudram Corporation Ltd and the company was one of the stakeholders in Sethusamudram Corporation Ltd, along with the Government of India, Shipping Corporation of India and Port Trusts of Tuticorin, Chennai, Visakhapatnam, Paradip and Ennore Port. The company contributed Rs 30 crore towards the equity for the Sethusamudram Corporation Ltd. The Government of India awarded capital dredging work of E3-E4 stretch in Palk Strait area adjoining Bay of Bengal to the company on nomination basis. One No. dumb cutter suction dredger of 2000 cum solids per hr capacity was delivered by MDL, Mumbai to DCI on 06.03.2010. The dredging works at the ICTT of Cochin Port Trust was completed and the container terminal was fully commissioned in 2012-13. DCI MUTLICAT an ancillary vessel was added to the fleet of DCI in 2016. The inland cutter suction dredger named as DCI GANGA was inducted into the fleet on 6th December, 2016. The vessel was put into operation at the dredging project was carried out at Puducherry. Two vessels DCI Dredge VII and DCI Dredge IX were decommissioned and sold as scrap during the year 2017-18. The Government of India (GOI) completed the Strategic disinvestment of DCIL by way of the transfer of management control and sale of whole of 73.47% Equity Share Capital of DCIL held by GOI to the four ports - Visakhapatnam Port Trust, Paradip Port Trust, Deendayal Port Trust and Jawaharlal Nehru Port Trust. The Share Purchase Agreement was executed on 08th March 2019 and subsequently, the New Management took charge of the Company from 08th March 2019. Dredge IX a 4500 Cu.M TSHD built in 1984 was decommissioned during the year 2019.

Registered Address

Core 2 1 Fl Scope Minar 2A&2B, LaxmiNagar District Centre, Delhi, Delhi, 110092

Tel : 91-11-22448528
Email : sreekanth:dci.gov.in
Website : http://www.dredge-india.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 523618
NSE Code : DREDGECORP
Book Closure Date (Month) : Sep
BSE Group : T
ISIN : INE506A01018

FAQ’s on Dredging Corporation of India Ltd Shares

You can buy Dredging Corporation of India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Dredging Corporation of India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:59 PM the closing price of Dredging Corporation of India Ltd was Rs.1,069.45.

The latest PE ratio of Dredging Corporation of India Ltd as of Jun 14, 2024 03:59 PM is 82.23

The latest PB ratio of Dredging Corporation of India Ltd as of Jun 14, 2024 03:59 PM is 0.42

The 52-week high of Dredging Corporation of India Ltd share price is Rs. 1,149.00 while the 52-week low is Rs. 330.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:59 PM, the market cap of Dredging Corporation of India Ltd stood at Rs. 2,994.46.

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