Dredging Corp of India

NSE: DREDGECORP · Services · sector

₹840.05NSE close 2026-10-26

Key numbers

Market cap₹2,352 cr

Price₹840.05

52w high / low₹1,286 / ₹618

P/E47.7xSector median 54.3x

P/B1.9xSector median 8.0x

Book value₹439.4

Dividend yield–

ROE3.2%Sector median 14.2%

ROCE4.7%Sector median 11.6%

OPM19.9%Sector median 33.2%

Debt / equity0.88xSector median 0.64x

EV/EBITDA12.6xSector median 33.6x

Interest cover1.6x

Current ratio0.96x

Sales growth 3y+1.2%Sector median +1.2%

Profit growth 3y-27.7%Sector median -27.7%

PEG–

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 2 companies in Services (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹143 cr vs borrowings ₹1,087 cr (FY26): borrowings are higher by ₹944 cr.
Borrowings rose in each of the last 3 years (₹262 cr → ₹1,087 cr).
Operating profit covered interest 1.6x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 0 of the last 5 years.
Net loss in 4 of the last 8 quarters.
Revenue was higher than a year earlier in 3 of the last 4 quarters.
Other income was 15% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹840.05 on 2026-10-26: -34.7% from the 52-week high, +36.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹1,223.30 · low ₹518.95

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	204	324	462	242	212	276	478	355
EBITDA	21	51	74	47	25	33	143	62
OPM %	10.2%	15.6%	16.0%	19.4%	11.8%	11.9%	29.9%	17.4%
Other income	1	17	2	1	1	1	2	1
Net profit	-34	16	21	-23	-34	-25	87	11
EPS (₹)	-11.97	5.73	5.38	-8.33	-12.21	-8.80	34.62	4.01
Revenue YoY					+3.6%	-14.9%	+3.4%	+46.7%
Profit YoY					–	-253.4%	+306.1%	–

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	799	1,165	946	1,142	1,208	1,322
EBITDA	134	175	204	158	248	263
Net profit	3	13	36	-27	5	39
EPS (₹)	1.84	5.42	12.27	-12.07	5.28	17.62
Revenue growth		+45.8%	-18.8%	+20.8%	+5.8%	+7.1%
Profit growth		+267.3%	+184.1%	-177.0%	–	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+1.2%	+9.6%	+7.1%
Net profit	-27.7%	–	–
EPS	-0.9%	–	–
Share price	–	-9.0% (2y)	+31.4%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	1,423	1,264	1,221	1,230
Borrowings	–	262	426	923	1,087
Cash & equivalents	–	31	50	48	143
Total assets	–	2,408	2,403	2,647	3,066
Fixed assets	–	1,526	1,438	1,343	1,207
Capital work in progress	–	5	31	584	894
Investments	–	0	0	0	0
Receivables	–	340	175	252	236
Inventory	–	136	117	134	176
Payables	–	413	265	241	191

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	294	140	191	112	142
Cash from investing	-89	-336	-290	-477	-368
Cash from financing	-159	-38	118	363	321
Capex	111	0	0	0	0
Free cash flow	182	140	191	112	142

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	0.9%	2.8%	-2.2%	0.4%
ROCE %	–	2.5%	3.9%	0.6%	4.1%
Debtor days	–	106	68	81	71
Inventory days	–	42	45	43	53
Payable days	–	129	102	77	58
Cash conversion cycle (days)	–	19	11	47	66
Working capital days	–	-3	-69	3	-13

Shareholding

Holder	% (2026-09-30)
Promoters	73.47%
FIIs	0.75%
DIIs	7.46%
of which Mutual funds	5.90%
of which Insurance	1.47%
Government	0.04%
Public (non-institutions)	18.28%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%

Promoter group	%
Visakhapatnam Port Authority	19.47%
Jawaharlal Nehru Port Authority	18.00%
Deendayal Port Authority	18.00%
Paradip Port Authority	18.00%

Public holders above 1%	%
Invesco India PSU Equity Fund	5.72%

48,011 shareholders. Pledged: 0.00% of promoter shares.

Peers in Services

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
KMEW	₹8,075 cr	61.0x	14.2x	25.2%	18.6%	46.6%	–	–
DREDGECORP	₹2,352 cr	47.7x	1.9x	3.2%	4.7%	19.9%	+1.2%	–

All 2 companies in Services →

Dividends & corporate actions

Ex-date	Action	Detail
2024-09-19	Other	Annual General Meeting
2023-09-18	Other	Annual General Meeting
2023-06-20	Other	Extra Ordinary General Meeting
2023-04-20	Other	Extra Ordinary General Meeting
2022-12-14	Other	Annual General Meeting
2021-12-09	Other	Annual General Meeting
2020-12-14	Other	Annual General Meeting
2019-07-31	Dividend	Dividend - Rs 3 Per Share
2018-08-03	Dividend	Annual General Meeting/Dividend- Rs 2 Per Share
2017-08-23	Other	Annual General Meeting
2016-09-22	Dividend	Annual General Meeting/Dividend - Rs 3/- Per Share
2015-09-22	Dividend	Annual General Meeting/Dividend - Rs 3/- Per Share (Book Closure Dates Revised)
2014-09-11	Dividend	Annual General Meeting / Dividend - Rs 3/- Per Share (Bc Start Date Revised)
2013-09-12	Dividend	Annual General Meeting/Dividend Rs 2/- Per Share
2012-09-18	Other	Annual General Meeting
2011-08-30	Other	Annual General Meeting
2010-08-17	Dividend	Annual General Meeting And Dividend Rs.3/- Per Share
2009-09-02	Dividend	Dividend-Rs.5/- Per Share
2008-09-05	Other	Agm/Div-Rs.7.50 Per Share
2008-03-07	Dividend	Interim Dividend - 75%

Documents

Links go to the original files on the exchange website.

About the company

Dredging: Dredging


Sector	Services
Industry	Services
Sub-industry	Dredging
Symbol	DREDGECORP
BSE code	523618
ISIN	INE506A01018
Face value	₹10.0
Incorporated	1976-03-29
Website	https://www.dredge-india.com
Plants (India / abroad)	0 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.