NSE: DREDGECORP | BSE: 523618

Falling Comet

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563.70 -4.85 (-0.85%)

61.34% Fall from 52W High

48,969 NSE+BSE Volume

NSE 09 May, 2025 3:31 PM (IST)

1,578.4

Market Cap

Below industry Median

1.1

Beta 1Year

High Volatility

Board Meeting

The next board meeting for Dredging Corporation Of India Ltd. is on 14 May 2025 for the purpose of Audited Results See details

Dredging Corporation Of India Ltd. share price target and research reports

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: 3
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for DREDGECORP, BSE:523618 Dredging Corporation Of India Ltd.

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Dredging Corporation Of India Ltd.

09 Aug 2019, 12:00AM

563.70

-0.85%

Dredging Corporation of India

Hold: Dredging Corporation Of In...

Target

ICICI Securities Limited

New initiatives to garner higher revenue growth During FY19, the company utilised 77% of the number of days (2501 days against a target of 3228 days) and it dredged 54.5 cu.m. against 63.9 cu.m. (85% utilisation). It has won 16 new contracts and completed 16 important contracts during FY19. 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...

Dredging Corporation Of India Ltd. has lost -26.51% in the last 1 Year

Dredging Corporation Of India Ltd.

03 Jun 2019

563.70

-0.85%

Dredging Corporation of India

Hold: Dredging Corporation Of In...

Target

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. has lost -26.51% in the last 1 Year

Dredging Corporation Of India Ltd.

05 Feb 2019

563.70

-0.85%

Dredging Corporation of India

Hold: Dredging Corporation Of In...

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues grew 38% YoY at | 165 crore (I-direct estimate: | 132 crore), mainly due to better fleet utilisation & low base. The base quarter was impacted by employee strikes against privatisation of the company The EBITDA margin increased 290 bps to 23.4%, leading to an...

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

Dredging Corporation Of India Ltd.

13 Nov 2018

563.70

-0.85%

Dredging Corporation of India

Hold: Dredging Corporation Of In...

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues remained flat YoY at | 148 crore Optically, absolute EBITDA came in at a loss of | 46 crore vs. profit of | 41 crore in Q2FY18. However, adjusting for the one-off, EBITDA declined 6% to a profit of | 38 crore while adjusted EBITDA margin declined 132 bps to 25.7% and came in higher than I-direct estimate of 22%. The one-off was on the account of a provision of bad and doubtful debt, amounting to | 84 crore as receivable from Government...

Dredging Corporation Of India Ltd. has lost -44.27% in the last 6 Months

Dredging Corporation Of India Ltd.

16 Aug 2018

563.70

-0.85%

Dredging Corporation of India

Hold: Dredging Corporation Of In...

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues de-grew 11% YoY to | 140 crore (I-direct estimate: | 150 crore). Revenue growth appears to have contracted after growing 17% YoY in Q4FY18, due to lower utilisation of fleet EBITDA margin declined 33 bps to 23.3% (I-direct estimate: 22%), mainly due to higher other expenses to sales ratio (58.7% in Q1FY19 vs 58.5% in Q1FY18). Absolute EBITDA de-grew 13% to | 33 crore (Idirect estimate: | 33 crore) Subsequently, PAT de-grew 28% to | 3 crore and was higher than Idirect estimate of | 2 crore...

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

Dredging Corporation Of India Ltd.

31 May 2018

563.70

-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 -26.51% in the last 1 Year

Dredging Corporation Of India Ltd.

14 Feb 2018

563.70

-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 -26.51% in the last 1 Year

Dredging Corporation Of India Ltd.

13 Nov 2017

563.70

-0.85%

Dredging Corporation of India

Hold: Dredging Corporation Of In...

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues remained flattish YoY (up 2% QoQ) to | 161.3 crore (I-direct estimate: | 169 crore). The reported revenues includes an insurance claim of | 10.8 crore, adjusting for the same revenues stood at degrowth of 7% YoY to | 150.5 crore EBITDA, optically, more than quadrupled to | 51.4 crore as compared our estimate of | 40 crore. The Q2FY17 EBITDA was impacted by higher dry-docking resulting higher spares and stores expenses. Adjusted for the insurance claim, EBITDA stood at | 40.7 crore....

Dredging Corporation Of India Ltd. has lost -26.51% in the last 1 Year

Dredging Corporation Of India Ltd.

17 Aug 2017

563.70

-0.85%

Dredging Corporation of India

Hold: Dredging Corporation Of In...

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues grew 11% YoY and 21% QoQ to | 157.9 crore vs. our estimate: | 174.8 crore. Though revenue was lower than our estimate...

Dredging Corporation Of India Ltd. has lost -26.51% in the last 1 Year

Dredging Corporation Of India Ltd.

01 Jun 2017

563.70

-0.85%

Dredging Corporation of India

Sell: Dredging Corporation Of In...

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues de-grew 26% YoY (down 14% QoQ) to | 130 crore (I-direct estimate: | 180 crore) compared to | 176.7 crore in Q4FY16 and | 152 crore in Q3FY17. Revenues continue to stay impacted with Kolkata port scaling down its dredging expenses On account of a deceleration in execution, operating expenses degrew 31% YoY. Also employee expenses de-grew 49%. The resultant EBITDA grew 25% YoY (down 9% QoQ) to | 36.5 crore (I-direct estimate: | 52.7 crore). Following this, EBITDA margins were at 28%...

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

Is Dredging Corporation Of India Ltd. worth buying?

162 Votes:

Buy 81.48%

Sell 9.88%

Hold 8.64%