AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 15 Sep - Shri Susanta Kumar Purohit appointed Additional Director effective 14 September 2026.
Source: Bse
Dredging Corporation of India Limited (DREDGECORP)
Small CapServices stocks · Small cap · NSE
Dredging Corporation of India Limited operates in Dredging, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:03 am IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)
Technical timing lens
Trend score and candlestick chart
33BearishSMA20 -12.8% / mo · RSI oversold · MACD −
Stock trend: 33
Sector RS: —
Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
DREDGECORPD candles · FIT view-14.6%Latest close ₹827.75 on 2026-10-21
Bar
-3.8%
RSI
26
MACD hist
-2.60
52W pos
31%
2026-10-21O ₹860.70H ₹861.60L ₹819.80C ₹827.75Vol 71,657 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DREDGECORPNifty 500
- DREDGECORP
- -18.7%
- Nifty 500
- -6.5%
- Vs Nifty 500
- -12.2 pp
Chart stats
21 Oct 2026- From 52W high
- -35.6%
- 52W range position
- 39%
- ATR (14)
- 4.4%
- Volume vs 20D
- 0.80x
- Avg traded value
- ₹8.5 Cr
- 20D price channel
- ₹819.8 - ₹1,035
₹1,286
₹538 - ₹1,286
₹36.4
Latest completed session
20-session average
33.4% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED30
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad22
Revenue +46.7% · PAT NDF YoY
Technical
Bearish33
Price trend and sector-relative-strength timing.
Valuation
Legacy model-122.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence59
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 22/100margin compression · Rev +47% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹355 Cr | +46.7% | -25.7% |
| EBITDA | ₹62 Cr | +31.9% | -56.6% |
| Operating margin | 17.0% | -200 bps | -1300 bps |
| PAT | ₹11 Cr | NDF | -87.4% |
| PAT margin | 3.1% | +1260 bps | -1510 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 64.30
- P/B
- 2.04
- EV/EBITDA
- 8.55
- Market Cap
- 2530.00Cr
Profitability
- ROE
- 0.39%
- ROCE
- 4.28%
- ROA
- 1.27%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 10.00%
- EPS 5Y
- 15.00%
- Revenue 3Y
- 1.00%
- EPS 3Y
- 27.00%
Balance Sheet
- Debt/Equity
- 0.88
- Interest Coverage
- 3.93×
- Altman Z
- 2.23
- Book Value
- 444.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 8/5
- OCF
- 142.00 Cr
- EPS TTM
- 14.04
Shareholding
- Promoter Hold
- 73.47%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 49%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 1,208+7.2% vs prev
Net Profit
₹ CrLatest: 5.0+118.5% vs prev
Return on Equity
%Latest: 0.4+118.6% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 26.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~14.7% over last month) — short-term momentum negative.
- RSI(14) at 26 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 36% off 52W high · 34% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
62
RS percentile
Stage 1 Base / Transition
1M return
-16.8%
3M return
-18.7%
6M return
-13.4%
1Y return
+9.0%
RS 1D
-12
RS 20D
-18
Sector rank
#11
Industry rank
#34
Stage evidence
- Price is 18.5% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -0.2% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
improving
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 135.78-2.97%
RS vs Nifty 500136
Valuation & peers
U-Score 30 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 30 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation1/30
Growth15/25
Quality0/20
Balance Sheet5/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
30
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
30/100 · legacy band OVERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Growth contributes 15/25 to the score.
- Cash flow contributes 4/10 to the score.
Main drags
- Fair-value margin of safety is negative at -122.1%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 1/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
64.3
PB
2.0
EV/EBITDA
8.6
ROE
0.4%
ROCE
4.3%
FCF Yield
—
Debt/Equity
0.9
MoS
-122.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 22 Oct 2026
v4.3-runtime-valuation
Final score
30
Previous: 30
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-122.1%
Previous: -122.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
29
29
29
29
29
29
29
30
30
30
30
30
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹374.51
-121.0% MoS
Growth-justified P/E
26.6
Growth-justified Value
₹372.76
-122.1% MoS
PEG
3.25
Comparable companies
Peers
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SBC
Small
SBC Exports Limited
Logistics
match 64
35
74.5
37.2%
-186%
WATCHLIST
TCIEXP
Small
TCI Express Limited
Logistics
match 63
25
22.6
10.4%
-806%
OVERVALUED
AEROPLANE
Small
Amir Chand Jagdish Kumar (Exports) Limited
Logistics
match 62
58
17.7
15.8%
+42%
FAIR VALUE
NUCLEUS
Small
Nucleus Software Exports Limited
Logistics
match 62
36
14.7
13.1%
-88%
WATCHLIST
GATEWAY
Small
Gateway Distriparks Limited
Logistics
match 62
75
10.5
11.4%
+63%
DEEP VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Dredging Corporation of India Limited operates in Dredging, within the Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
59Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 25th percentile of the scored universe and 22nd percentile within Services. Main check: results consistency is weak at 29/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
3 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
25th percentile
overall median 67 · Services: 22nd pctile, median 66 · Small: 28th pctile, median 66
Evidence depth
Financial-only
3 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
40
weak · capital discipline
Results
29
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 73.5%.
- ▸Promoter pledge is zero.
- ▸8 years of positive FCF.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 4.3%.
- ▸ROE is low at 0.4%.
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Dredging Corporation of India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 25 Sep - FY26 revenue ₹1,214.10 crore, PAT ₹4.75 crore; plans 11 dredgers, ₹3,560 crore capex, ₹1,000 crore rights issue.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 4 Sep - Shri Susanta Kumar Purohit appointed Additional Director; Shri P.L. Haranadh ceased as director from 01.09.2026.
Source: Bse
Annual report
50Th AGM ANNUAL REPORT 1 Sep
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised) 5 Aug - Q1 FY27 operational income rose 46.73% to ₹355.43 crore; PAT turned positive at ₹11.24 crore.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 9 Jun - Shri Jasmeet Singh Bindra appointed Director and Chairman effective 09 June 2026; Dr. M. Angamuthu ceased.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 19 May - DCI reported FY2025-26 turnover of Rs 1,214.09 crore, PAT of Rs 4.75 crore, and set Rs 1,500 crore FY2026-27 target.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 7 May - DCIL commissioned a 150 kW rooftop solar plant on May 7, 2026, saving about ₹30 lakh annually.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
AnnouncementMar 2026
Mar 2026 · Related Party Transactions For The Period Ended 31.03.2026 19 May - Related party transactions disclosed for half year ended 31 March 2026.
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.