Dredging Corporation of India Limited

Dredging Corporation of India Limited (DREDGECORP) is a micro-cap Services company valued at ₹2,509 crore operating in Dredging on the NSE and BSE.

Recent price move

Dredging Corporation of India Limited last traded at ₹891, modestly down 1.10% on the day.

Recent developments

On 2026-06-30, the company reported a net profit of ₹11 crore for the latest quarter, marking a turnaround from a net loss of ₹23 crore in the same quarter a year earlier. Promoter holding remained at 73.47%, while foreign institutional holding increased by 0.65 percentage points and domestic institutional holding decreased by 1.65 percentage points.

Financial performance

The company's annual revenue rose 7.2% to ₹1,208 crore, while net profit swung from a loss of ₹27 crore to a profit of ₹5 crore. In the latest quarter, revenue surged 46.9% to ₹355 crore, and net profit turned positive from a loss of ₹23 crore to ₹11 crore, showing improvement in recent performance.

Valuation multiples

The stock trades at 524.1 times earnings, a premium to the Services median of 16.3, 2.32 times book value.

Things to watch

The stock is 30.4% below its 52-week high, and the company's net profit margin is 0.4%, up from -2.4% a year ago. Return on equity remains at 0.4%, and return on capital employed is 4.1%, indicating limited profitability relative to capital employed.

Where it stands

The company's latest quarter showed a significant turnaround with revenue up 46.9% and net profit turning positive. However, the stock is still 30.4% below its 52-week high, and profitability remains low with a net profit margin of 0.4%. The most recent figure is the latest quarter net profit of ₹11 crore.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.