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Dredging Corporation of India Ltd Fundamentals

Market Cap
₹ 2379.86 Cr
P/E Ratio (TTM)
52.05
P/B Ratio
1.64
Debt to Equity
0.20
ROE
0.89
EPS (TTM)
16.33
Dividend Yield
0.00 %
Book Value
518.44

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Dredging Corporation of India Ltd Financials

Dredging Corporation of India Ltd Financials

Dredging Corporation of India Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 73.47 % 73.47 % 73.47 % 73.47 %
Retail 17.99 % 18.16 % 17.19 % 16.62 %
Others 8.24 % 8.26 % 9.09 % 9.76 %
FII 0.30 % 0.11 % 0.25 % 0.15 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

73.47%

Retail

17.99%

Others

8.24%

FII

0.30%

Mutual Funds

0.00%

Promoters

73.47%

Retail

18.16%

Others

8.26%

FII

0.11%

Mutual Funds

0.00%

Promoters

73.47%

Retail

17.19%

Others

9.09%

FII

0.25%

Mutual Funds

0.00%

Promoters

73.47%

Retail

16.62%

Others

9.76%

FII

0.15%

Mutual Funds

0.00%

Resistance and Support

₹851.88

PIVOT

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Resistance
First Resistance₹863.467
Second Resistance₹877.233
Third Resistance₹888.817
support-arrow
Support
First Support₹838.117
Second Support₹826.533
Third Support₹812.767

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day87,35176,95758.84
Week130,79243,79113.27
1 Month130,79256,03313.27
6 Months37,999,87311,549,53066.82

About Dredging Corporation of India Ltd

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.

Managing Director

1976

Founded

NA

NSE Symbol

DREDGECORP

Dredging Corporation of India Ltd Management

NameDesignation
Sanjay Jagadishchandra SethiNon Executive Director
Sanjay Kumar MehtaNon-Exec & Non-Independent Dir
Nutan Guha BiswasNon-Exec. & Independent Dir.
Polamraju Lakshmi HaranadhNon Executive Director
Vinod Kumar PiperseniaIndependent Director
Rajat SacharIndependent Director
Arun Kumar GuptaIndependent Director
Cap S DivakarManaging Director & CEO
Madhaiyaan AngamuthuChairman (Non-Executive)
Lov VermaIndependent Director
P Chandra KalabhinetriCompany Sec. & Compli. Officer

Dredging Corporation of India Ltd News

Dredging Corporation of India declare Quarterly Result
On 29 May 2024
Dredging Corporation of India announces cessation of director
With effect from 16 April 2024
Dredging Corporation of India standalone net profit rises 96.75% in the December 2023 quarter
Sales decline 28.52% to Rs 265.42 crore
Dredging Corporation of India to convene board meeting
On 13 February 2024
Dredging Corporation of India announces cessation of director
With effect from 02 January 2024
Dredging Corporation of India standalone net profit declines 41.38% in the September 2023 quarter
Sales decline 17.16% to Rs 197.77 crore
Dredging Corporation of India to discuss results
On 7 November 2023
Dredging Corporation of India to conduct AGM
On 27 September 2023
Dredging Corporation of India reports standalone net profit of Rs 15.15 crore in the June 2023 quarter
Sales decline 6.03% to Rs 204.42 crore
Dredging Corporation of India announces board meeting date
On 11 August 2023

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Dredging Corporation of India Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Dredging Corporation of India Ltd shares in BlinkX

Dredging Corporation of India Ltd's P/E ratio is 52.05 times as of May 18, 2024 at 01:44 PM.

Dredging Corporation of India Ltd's most recent financial reports indicate a price-to-book ratio of 1.64, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Dredging Corporation of India Ltd's market is 2,380 Cr as on May 18, 2024 at 01:44 PM.

The current financial records of Dredging Corporation of India Ltd show a 0.89% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Dredging Corporation of India Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Dredging Corporation of India Ltd stands at 73.47%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 0.11% to 0.30%.