Dredging Corporation Of India Ltd.

NSE: DREDGECORP | BSE: 523618 | ISIN: INE506A01018 | Industry: Shipping
| Mid-range Performer

692.80
4.80%
ICICI Securities Limited
Better fleet utilisation expected to continue in FY20 FY19 has been a moderate year for the company with FY19 revenues and EBITDA increasing (12%, 5% respectively) on a YoY basis. Dredging Corp garners highest revenues from a maintenance dredging contract at Kolkata Port Trust (~| 1120 crore for five years), followed by maintenance dredging contract at Cochin Shipyard (| 110 crore for five years) and a capital dredging contract (| 103 crore for 15 months). Overall, the company has commitments tied to over nine clients totalling over | 1680 crore to be...
Dredging Corporation Of India Ltd. is trading at high day volume of 469.4K.
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