DREDGECORP

Dredging Corporation of India Limited

Dredging services for ports and maritime infrastructure

Services›Services›Engineering Services›Dredging

dredge-india.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹896.45
Market cap
2,512 Cr
Stock P/E
63.9
P/B
2.04
ROE (FY26)
0.4%
ROCE (FY26)
4.1%
Operating margin (FY26)
7.4%
Debt / equity (FY26)
0.88
OCF / EBITDA (FY26)
57.5%
OCF / EBITDA (3Y)
75.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

DCI (Dredging Corporation of India) provides maintenance and capital dredging services that keep Indian port channels and waterways navigable.

Company snapshot

2ndBy market cap

Ranked among 2 companies in Dredging.

What we see

Concerns
  • ✗Net margin is very thin at 0.4% — little room for error if costs rise.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales198 Cr265 Cr278 Cr151 Cr204 Cr324 Cr462 Cr242 Cr212 Cr276 Cr478 Cr355 Cr
Operating expenses (approx.)141 Cr197 Cr256 Cr139 Cr206 Cr272 Cr386 Cr195 Cr187 Cr243 Cr335 Cr294 Cr
EBITDA57 Cr69 Cr22 Cr12 Cr-2 Cr52 Cr77 Cr47 Cr25 Cr33 Cr143 Cr62 Cr
OPM %28.9%25.9%7.8%8.1%-0.7%16.1%16.6%19.4%11.8%11.9%29.9%17.4%
Other income0.81 Cr0.82 Cr0.91 Cr0.86 Cr1 Cr17 Cr2 Cr1 Cr1 Cr1 Cr2 Cr1 Cr
Interest7 Cr8 Cr7 Cr7 Cr17 Cr12 Cr17 Cr31 Cr23 Cr11 Cr24 Cr10 Cr
Depreciation33 Cr34 Cr39 Cr37 Cr38 Cr39 Cr38 Cr40 Cr37 Cr48 Cr33 Cr42 Cr
Profit before tax17 Cr28 Cr-23 Cr-31 Cr-33 Cr17 Cr21 Cr-23 Cr-33 Cr-25 Cr87 Cr11 Cr
Tax %4.0%1.7%-0.7%-1.4%-1.6%4.2%-1.4%-0.6%-3.4%-0.2%0.6%2.3%
Net profit17 Cr27 Cr-23 Cr-31 Cr-34 Cr16 Cr21 Cr-23 Cr-34 Cr-25 Cr87 Cr11 Cr
EPS (₹)₹5.99₹9.72₹-8.85₹-11.22₹-11.97₹5.73₹5.38₹-8.33₹-12.21₹-8.80₹34.62₹4.01

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales585 Cr592 Cr692 Cr750 Cr764 Cr799 Cr1,165 Cr946 Cr1,142 Cr1,208 CrSign in free for the trailing twelve months
Operating expenses (approx.)469 Cr457 Cr521 Cr611 Cr798 Cr681 Cr990 Cr741 Cr1,002 Cr961 CrSign in free for the trailing twelve months
EBITDA116 Cr135 Cr171 Cr139 Cr-34 Cr118 Cr175 Cr204 Cr140 Cr248 CrSign in free for the trailing twelve months
OPM %19.9%22.8%24.7%18.5%-4.5%14.7%15.0%21.6%12.2%20.5%Sign in free for the trailing twelve months
Other income14 Cr20 Cr7 Cr6 Cr3 Cr2 Cr3 Cr3 Cr6 Cr6 CrSign in free for the trailing twelve months
Interest18 Cr20 Cr18 Cr14 Cr20 Cr12 Cr29 Cr28 Cr38 Cr89 CrSign in free for the trailing twelve months
Depreciation100 Cr113 Cr113 Cr117 Cr119 Cr120 Cr136 Cr141 Cr152 Cr158 CrSign in free for the trailing twelve months
Profit before tax12 Cr22 Cr48 Cr13 Cr-171 Cr5 Cr14 Cr38 Cr-26 Cr7 CrSign in free for the trailing twelve months
Tax %39.7%21.3%6.2%58.9%-1.1%26.0%9.2%4.9%-5.3%27.7%Sign in free for the trailing twelve months
Net profit7 Cr17 Cr45 Cr6 Cr-172 Cr3 Cr13 Cr36 Cr-27 Cr5 CrSign in free for the trailing twelve months
EPS (₹)₹2.54₹5.94₹15.92₹1.97₹-60.05₹1.84₹5.42₹12.27₹-12.07₹5.28Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%—0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital28 Cr28 Cr28 Cr28 Cr28 Cr28 Cr28 Cr28 Cr28 Cr28 Cr
Reserves1,493 Cr1,516 Cr1,553 Cr1,542 Cr1,374 Cr1,372 Cr1,395 Cr1,236 Cr1,193 Cr1,202 Cr
Borrowings700 Cr672 Cr652 Cr412 Cr294 Cr135 Cr262 Cr426 Cr923 Cr1,087 Cr
Other liabilities445 Cr429 Cr233 Cr486 Cr593 Cr788 Cr724 Cr713 Cr503 Cr748 Cr
Total liabilities2,666 Cr2,646 Cr2,466 Cr2,468 Cr2,289 Cr2,324 Cr2,408 Cr2,403 Cr2,647 Cr3,066 Cr
Fixed assets (net)1,808 Cr1,817 Cr1,719 Cr1,654 Cr1,609 Cr1,580 Cr1,526 Cr1,438 Cr1,343 Cr1,207 Cr
CWIP26 Cr43 Cr33 Cr8 Cr12 Cr30 Cr5 Cr31 Cr584 Cr894 Cr
Investments4 Cr4 Cr4 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Loans & advances——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr314 Cr
Inventories194 Cr193 Cr191 Cr208 Cr178 Cr160 Cr136 Cr117 Cr134 Cr176 Cr
Trade receivables284 Cr238 Cr255 Cr251 Cr202 Cr210 Cr340 Cr175 Cr252 Cr236 Cr
Cash & bank70 Cr77 Cr84 Cr70 Cr48 Cr94 Cr31 Cr50 Cr48 Cr143 Cr
Other assets280 Cr275 Cr180 Cr276 Cr240 Cr250 Cr371 Cr592 Cr287 Cr95 Cr
Total assets2,666 Cr2,646 Cr2,466 Cr2,468 Cr2,289 Cr2,324 Cr2,408 Cr2,403 Cr2,647 Cr3,066 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity87 Cr133 Cr148 Cr117 Cr129 Cr294 Cr140 Cr191 Cr112 Cr142 Cr
Cash from investing-8 Cr1 Cr3 Cr6 Cr-4 Cr-89 Cr-336 Cr-290 Cr-477 Cr-368 Cr
Cash from financing-141 Cr-127 Cr-145 Cr-142 Cr-146 Cr-159 Cr-38 Cr118 Cr363 Cr321 Cr
Net cash flow-62 Cr7 Cr7 Cr-19 Cr-22 Cr46 Cr-100 Cr19 Cr-2 Cr95 Cr
Free cash flow (OCF − Capex)74 Cr125 Cr——126 Cr182 Cr140 Cr191 Cr112 Cr142 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %1.4%1.9%2.9%1.4%-8.9%1.1%2.5%3.9%0.6%4.1%
ROE %0.5%1.1%2.8%0.4%-12.3%0.2%0.9%2.8%-2.2%0.4%
Debtor days1771461341229696106688071
Inventory days121118101101857342454353
Days payable13211166631391711291027758
Cash conversion cycle16615416816042-320104666
OCF / EBITDA %74.8%98.4%86.5%84.5%—249.6%80.0%93.3%80.1%57.5%
OCF / EBITDA % (3 years)——87.1%89.5%143.1%243.1%217.8%125.6%85.3%75.2%
Debt / equity0.460.440.410.260.210.100.180.340.760.88
Current ratio1.881.872.031.721.180.940.990.781.010.96
Net debt / EBITDA5.42—3.322.46—0.351.321.846.263.81