Dredging Corporation of India Limited
NSE: DREDGECORP · Engineering Services
Snapshot
Unlock Dredging Corporation of India Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Dredging Corporation of India Limited provides essential dredging and marine construction services to major ports, the Indian Navy, and fishing harbours. Its operations encompass capital and maintenance dredging, land reclamation, and beach nourishment using a specialised fleet of vessels.
Business Model
The company generates revenue primarily through long-term service contracts and project-based dredging assignments for maritime organisations. It maintains a fleet of trailer suction hopper dredgers and cutter suction dredgers to execute these capital-intensive marine infrastructure projects.
- Fleet Size:14 vessels
Growth Outlook
Growth is driven by the ongoing expansion of Indian port infrastructure and the increasing requirement for maintenance dredging to ensure navigational safety. The company continues to focus on project management consultancy and marine construction to diversify its service offerings.
Key Risks
- Operational Dependency. The company's performance is heavily reliant on the operational efficiency and maintenance of its ageing fleet of specialised dredging vessels.
- Concentration Risk. Revenue is highly concentrated within the public sector and government-controlled maritime organisations, making the company vulnerable to changes in state infrastructure spending.
- Fuel Price Volatility. Significant fluctuations in global fuel prices directly impact the operating margins of dredging operations due to the high energy consumption of the vessel fleet.
- Competitive Tendering. The company faces intense competition from both domestic and international players in the bidding process for large-scale capital dredging projects.
Price
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Key Metrics
REVENUE
₹1,208 Cr
TTM · standalone
NET PROFIT
₹5 Cr
TTM · standalone
EPS
₹5.28
TTM · standalone
RETURN ON EQUITY
0.4%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
4.9%
TTM · standalone
P/E
194.2x
Q4 FY26 · standalone
EV/EBITDA
15.1x
Q4 FY26 · standalone
EBITDA MARGIN
21.0%
TTM · standalone
NET PROFIT MARGIN
18.2%
Q4 FY26 · standalone
DEBT TO EQUITY
0.9x
Q4 FY26 · standalone
Peers · Engineering Services
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Dredging Corporation of India LimitedDREDGECORP | 2,409 | 194.24 | 15.06 | 5.8% | 21.0% | 0.4% | 4.9% | +42.6% |
Knowledge MarineKMEW | 3,748 | 55.53 | 27.70 | — | 43.9% | 25.8% | 23.9% | +37.6% |
As of Q4 FY26
Financials
Dredging Corporation of India Limited
NSE: DREDGECORP · Engineering Services
Snapshot
Unlock Dredging Corporation of India Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Dredging Corporation of India Limited provides essential dredging and marine construction services to major ports, the Indian Navy, and fishing harbours. Its operations encompass capital and maintenance dredging, land reclamation, and beach nourishment using a specialised fleet of vessels.
Business Model
The company generates revenue primarily through long-term service contracts and project-based dredging assignments for maritime organisations. It maintains a fleet of trailer suction hopper dredgers and cutter suction dredgers to execute these capital-intensive marine infrastructure projects.
- Fleet Size:14 vessels
Growth Outlook
Growth is driven by the ongoing expansion of Indian port infrastructure and the increasing requirement for maintenance dredging to ensure navigational safety. The company continues to focus on project management consultancy and marine construction to diversify its service offerings.
Key Risks
- Operational Dependency. The company's performance is heavily reliant on the operational efficiency and maintenance of its ageing fleet of specialised dredging vessels.
- Concentration Risk. Revenue is highly concentrated within the public sector and government-controlled maritime organisations, making the company vulnerable to changes in state infrastructure spending.
- Fuel Price Volatility. Significant fluctuations in global fuel prices directly impact the operating margins of dredging operations due to the high energy consumption of the vessel fleet.
- Competitive Tendering. The company faces intense competition from both domestic and international players in the bidding process for large-scale capital dredging projects.
Price
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Unlock AI insights, financials, peers and live data on Dredging Corporation of India Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹1,208 Cr
TTM · standalone
NET PROFIT
₹5 Cr
TTM · standalone
EPS
₹5.28
TTM · standalone
RETURN ON EQUITY
0.4%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
4.9%
TTM · standalone
P/E
194.2x
Q4 FY26 · standalone
EV/EBITDA
15.1x
Q4 FY26 · standalone
EBITDA MARGIN
21.0%
TTM · standalone
NET PROFIT MARGIN
18.2%
Q4 FY26 · standalone
DEBT TO EQUITY
0.9x
Q4 FY26 · standalone
Peers · Engineering Services
As of Q4 FY26