Dredging Corporation Of India Ltd. News and Updates

Name: Latest research reports of Dredging Corporation Of India Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Dredging Corporation Of India Ltd.
Rating: 1
Author: ICICI Securities Limited

Keep track of all breaking news on Dredging Corporation Of India Ltd. from all sources in a single place.

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Dredging Corporation Of India Ltd.

11 Jul 2018

596.90

-0.85%

Are ports' hands being forced to buy stake in Dredging Corp?

Business Line

It's the latest twist in the script to privatise the Dredging Corporation of India: the Ministry of Shipping is now sounding out cash-rich port trus

Dredging Corporation Of India Ltd. has lost -35.57% in the last 1 Year

Dredging Corporation Of India Ltd.

31 May 2018

596.90

-0.85%

Dredging Corporation of India

Sell: Dredging Corporation Of In...

Target

ICICI Securities Limited

However, PAT grew 358% to | 17 crore (I-direct estimate: | 3 crore), mainly due to higher other income (| 15 crore in Q4FY18 vs | 6 crore in Q4FY17) and lower tax rate (15% in Q4FY18 vs 36% in Q4FY17) EBITDA growth revival visible in FY18 For FY18, revenues were flattish with growth of 1% to | 592 crore vs. | 586 crore in FY17. However, the EBITDA margin has improved 280 bps YoY to 22.8% in FY18. The improvement in EBITDA margin has been owing to fuel expense as a percentage of sales declining 200 bps from...

Dredging Corporation Of India Ltd. has lost -35.57% in the last 1 Year

Dredging Corporation Of India Ltd.

28 May 2018

596.90

-0.85%

DCI turnover rises to 612 crore

Business Line

The profit after tax of the Dredging Corporation of India (DCI) has risen to 16.64 crore during 2017-18 against 7.24 crore during the previous year,

Dredging Corporation Of India Ltd. has lost -35.57% in the last 1 Year

Dredging Corporation Of India Ltd.

30 Apr 2018

596.90

-0.85%

Dredging Corpn denies Mumbai Port's charges for termination of contract

Business Line

The state-run Dredging Corporation of India Ltd (DCI) said it has not violated any provisions of the contract after the board of trustees of the Cen

Dredging Corporation Of India Ltd. has lost -35.57% in the last 1 Year

Dredging Corporation Of India Ltd.

29 Apr 2018

596.90

-0.85%

Mumbai Port Trust scraps maintenance contract with Dredging Corpn

Business Line

Move may hit firm's valuation during privatisation, scare away potential suitors

Dredging Corporation Of India Ltd. is trading below all available SMAs

Dredging Corporation Of India Ltd.

24 Apr 2018

596.90

-0.85%

DCI shares jump 8% on stake sale report

Business Line

Shares of Dredging Corp of India jumped as much as 7.8 per cent to Rs 672.40, its highest since March 19, as the government is planning to invite bid

Dredging Corporation Of India Ltd. has lost -20.06% in the last 3 Months

Dredging Corporation Of India Ltd.

04 Apr 2018

596.90

-0.85%

Speciality dry docks needed for ship repairs : DCI CMD

Business Line

Noting that dry docking facilities needed for ship repairs are far from adequate in the country, Dredging Corporation of India Chairman and Managing

Dredging Corporation Of India Ltd. has lost -20.06% in the last 3 Months

Dredging Corporation Of India Ltd.

21 Feb 2018

596.90

-0.85%

Dredging Corp staff keen to buyout govt stake; funding plan hazy

Business Line

Fear of job losses prompts MBO interest

Dredging Corporation Of India Ltd. is trading below all available SMAs

Dredging Corporation Of India Ltd.

14 Feb 2018

596.90

-0.85%

No retrenchment of employees for five years post-DCI sale'

Business Line

There will be no retrenchment of employees of Dredging Corporation of India Ltd (DCI) for five years after the state-owned company is privatised through the strategic sale route, according to a pr

Dredging Corporation Of India Ltd. is trading below all available SMAs

Dredging Corporation Of India Ltd.

14 Feb 2018

596.90

-0.85%

Dredging Corporation of India

Sell: Dredging Corporation Of In...

Recommendation Target

ICICI Securities Limited

In addition to a weak operational performance, higher interest expense (up 8% YoY) coupled with increase in depreciation (up 19% YoY) led DCI to report a loss of | 22.5 crore (I-direct estimate: | 2.1 crore) Sluggish YTD performance; revival to take some time DCI posted five-year low revenues of | 119.9 crore (vs. a normal run rate of | 140-160 crore. For 9MFY18, revenues de-grew 6% YTD to | 428.4 crore vs. | 455.7 crore in 9MFY17. However, benefiting from lower crude prices in FY18, EBITDA for the same period grew marginally by 6% YoY...

Dredging Corporation Of India Ltd. has lost -35.57% in the last 1 Year

Is Dredging Corporation Of India Ltd. worth buying?

165 Votes:

Buy 80.61%

Sell 10.91%

Hold 8.48%

50.70% Fall from 52W High

Dredging Corporation Of India Ltd. News and Updates

Keep track of all breaking news on Dredging Corporation Of India Ltd. from all sources in a single place.