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DREDGECORP
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Recent events
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News
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Corporate Actions
Dredging Corporation Of India Says E Kiran Has Resigned From The Post Of CFO
March 13 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DREDGING CORPORATION OF INDIA LTD - E KIRAN HAS RESIGNED FROM THE POST OF CFO
Source text: [ID:]
Further company coverage: DRDG.NS
(([email protected];;))
March 13 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DREDGING CORPORATION OF INDIA LTD - E KIRAN HAS RESIGNED FROM THE POST OF CFO
Source text: [ID:]
Further company coverage: DRDG.NS
(([email protected];;))
Dredging Corporation Of India Dec-Quarter Profit 160.6 Mln Rupees
Feb 3 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DEC-QUARTER PROFIT 160.6 MILLION RUPEES
DEC-QUARTER REVENUE FROM OPERATIONS 3.24 BILLION RUPEES
Source text: ID:nBSE4qb4MS
Further company coverage: DRDG.NS
(([email protected];;))
Feb 3 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DEC-QUARTER PROFIT 160.6 MILLION RUPEES
DEC-QUARTER REVENUE FROM OPERATIONS 3.24 BILLION RUPEES
Source text: ID:nBSE4qb4MS
Further company coverage: DRDG.NS
(([email protected];;))
Dredging Corp of India slips after posting wider loss in Q1
** Shares of Dredging Corp of India DRDG.NS fall 5% to 970 rupees, their lowest since June 11
** The ports services firm said Q1 loss came in at 314 mln rupees (~$4 mln), compared with 234.7 mln rupees a year earlier
** Co adds major reason for rev drop was dry-dock repairs and emergency dry-dock repairs of dredgers
** Stock has gained 62% so far this year
($1 = 83.9570 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Dredging Corp of India DRDG.NS fall 5% to 970 rupees, their lowest since June 11
** The ports services firm said Q1 loss came in at 314 mln rupees (~$4 mln), compared with 234.7 mln rupees a year earlier
** Co adds major reason for rev drop was dry-dock repairs and emergency dry-dock repairs of dredgers
** Stock has gained 62% so far this year
($1 = 83.9570 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Dredging Corporation Of India June-Quarter Loss 314 Million Rupees
Aug 9 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
JUNE-QUARTER LOSS 314 MILLION RUPEES
JUNE-QUARTER REVENUE FROM OPERATIONS 1.51 BILLION RUPEES
Source text for Eikon: ID:nNSEc1SWM0
Further company coverage: DRDG.NS
(([email protected];))
Aug 9 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
JUNE-QUARTER LOSS 314 MILLION RUPEES
JUNE-QUARTER REVENUE FROM OPERATIONS 1.51 BILLION RUPEES
Source text for Eikon: ID:nNSEc1SWM0
Further company coverage: DRDG.NS
(([email protected];))
Dredging Corporation Of India Says Syama Prasad Mbokerjee Port Authority (Smpa) Awards Order Worth 20.16 Billion Rupees
June 11 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DREDGING CORPORATION OF INDIA LTD - SYAMA PRASAD MBOKERJEE PORT AUTHORITY (SMPA) AWARDS ORDER WORTH 20.16 BILLION RUPEES
Source text for Eikon: ID:nNSE1XsJ3s
Further company coverage: DRDG.NS
(([email protected];))
June 11 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DREDGING CORPORATION OF INDIA LTD - SYAMA PRASAD MBOKERJEE PORT AUTHORITY (SMPA) AWARDS ORDER WORTH 20.16 BILLION RUPEES
Source text for Eikon: ID:nNSE1XsJ3s
Further company coverage: DRDG.NS
(([email protected];))
Dredging Corporation Of India Appoints Durgesh Kumar Dubey As MD, CEO
March 25 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DREDGING CORPORATION OF INDIA LTD - APPOINTS DURGESH KUMAR DUBEY AS MD, CEO
Further company coverage: DRDG.NS
(([email protected];))
March 25 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DREDGING CORPORATION OF INDIA LTD - APPOINTS DURGESH KUMAR DUBEY AS MD, CEO
Further company coverage: DRDG.NS
(([email protected];))
Dredging Corporation Of India & BEML Sign MoU
March 7 (Reuters) - Dredging Corporation Of India Ltd DRDG.NS:
CO & BEML SIGN MOU
BEML MOU FOR INDIGENOUS DESIGN, DEVELOPMENT, MANUFACTURING OF SPARES FOR DREDGERS
BEML MOU ALSO FOR JOINT DEVELOPMENT OF MANUFACTURING OF DREDGERS
Source text for Eikon: ID:nNSE8P0W3c
Further company coverage: BEML.NSDRDG.NS
(([email protected];))
March 7 (Reuters) - Dredging Corporation Of India Ltd DRDG.NS:
CO & BEML SIGN MOU
BEML MOU FOR INDIGENOUS DESIGN, DEVELOPMENT, MANUFACTURING OF SPARES FOR DREDGERS
BEML MOU ALSO FOR JOINT DEVELOPMENT OF MANUFACTURING OF DREDGERS
Source text for Eikon: ID:nNSE8P0W3c
Further company coverage: BEML.NSDRDG.NS
(([email protected];))
Dredging Corporation Of India Ltd Sept-Quarter Profit Falls
Nov 7 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DREDGING CORPORATION OF INDIA LTD SEPT-QUARTER PROFIT 167.7 MILLION RUPEES VERSUS PROFIT 286.1 MILLION RUPEES
DREDGING CORPORATION OF INDIA LTD SEPT-QUARTER REVENUE FROM OPERATIONS 1.98 BILLION RUPEES VERSUS 2.39 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: DRDG.NS
(([email protected];))
Nov 7 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DREDGING CORPORATION OF INDIA LTD SEPT-QUARTER PROFIT 167.7 MILLION RUPEES VERSUS PROFIT 286.1 MILLION RUPEES
DREDGING CORPORATION OF INDIA LTD SEPT-QUARTER REVENUE FROM OPERATIONS 1.98 BILLION RUPEES VERSUS 2.39 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: DRDG.NS
(([email protected];))
Dredging Corporation of India jumps on Q1 profit
** Shares of Dredging Corporation of India DRDG.NS rise as much as 10.3%, their biggest intraday pct gain since Nov. 14, 2022
** Ports services firm posts Q1 profit of 151.5 mln rupees ($1.83 mln) vs loss of 157.1 mln rupees a year ago, as expenses shrunk 46.1%
** Trading volume at ~822,600 shares, 7x the 30-day avg as of 2:30 p.m. IST
** Stock up 0.5% so far this year
($1 = 82.8100 Indian rupees)
(Reporting by Biplob Kumar Das in Bengaluru)
** Shares of Dredging Corporation of India DRDG.NS rise as much as 10.3%, their biggest intraday pct gain since Nov. 14, 2022
** Ports services firm posts Q1 profit of 151.5 mln rupees ($1.83 mln) vs loss of 157.1 mln rupees a year ago, as expenses shrunk 46.1%
** Trading volume at ~822,600 shares, 7x the 30-day avg as of 2:30 p.m. IST
** Stock up 0.5% so far this year
($1 = 82.8100 Indian rupees)
(Reporting by Biplob Kumar Das in Bengaluru)
India's Dredging Corp drops 6% after swinging to quarterly loss
** Shares of Dredging Corporation of India Ltd DRDG.NS fall as much as 6.2% to 315 rupees, posting their biggest intraday pct drop since Dec. 23
** DRDG swings to loss of 141.8 mln rupees ($1.71 mln) in March qtr, from a profit of 10.6 mln rupees a year ago
** Expenses surged 22% YoY, while rev from ops rose 16.7%
** About 79,000 shares change hands by 12:07 p.m. IST, 1.1x the 30-day avg - Refinitiv Data
** Moving Average Convergence Divergence (MACD) line of the stock is under the signal line, suggesting bearish bias
** Stock last down 4.8%, extending YTD losses to 17.7%
($1 = 82.7143 Indian rupees)
(Reporting by Priya Sagar in Bengaluru)
** Shares of Dredging Corporation of India Ltd DRDG.NS fall as much as 6.2% to 315 rupees, posting their biggest intraday pct drop since Dec. 23
** DRDG swings to loss of 141.8 mln rupees ($1.71 mln) in March qtr, from a profit of 10.6 mln rupees a year ago
** Expenses surged 22% YoY, while rev from ops rose 16.7%
** About 79,000 shares change hands by 12:07 p.m. IST, 1.1x the 30-day avg - Refinitiv Data
** Moving Average Convergence Divergence (MACD) line of the stock is under the signal line, suggesting bearish bias
** Stock last down 4.8%, extending YTD losses to 17.7%
($1 = 82.7143 Indian rupees)
(Reporting by Priya Sagar in Bengaluru)
Dredging Corporation Of India Reports Loss In March-Quarter
May 25 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
MARCH-QUARTER LOSS 141.8 MILLION RUPEES VERSUS PROFIT 10.6 MILLION RUPEES
MARCH-QUARTER REVENUE FROM OPERATIONS 3.37 BILLION RUPEES VERSUS 2.89 BILLION RUPEES
Further company coverage: DRDG.NS
(([email protected];))
May 25 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
MARCH-QUARTER LOSS 141.8 MILLION RUPEES VERSUS PROFIT 10.6 MILLION RUPEES
MARCH-QUARTER REVENUE FROM OPERATIONS 3.37 BILLION RUPEES VERSUS 2.89 BILLION RUPEES
Further company coverage: DRDG.NS
(([email protected];))
Dredging Corporation Of India Gets Order Worth 1.72 Bln Rupees
May 1 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
GETS ORDER WORTH 1.72 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: DRDG.NS
(([email protected];))
May 1 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
GETS ORDER WORTH 1.72 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: DRDG.NS
(([email protected];))
Dredging Corporation Of India Deferred Shareholder Voting On Removal Of GYV Victor As CEO, MD
April 28 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DEFERRED SHAREHOLDER VOTING ON REMOVAL OF GYV VICTOR AS CEO, MD
Source text for Eikon: ID:nBSEb1L6q1
Further company coverage: DRDG.NS
(([email protected];))
April 28 (Reuters) - Dredging Corporation of India Ltd DRDG.NS:
DEFERRED SHAREHOLDER VOTING ON REMOVAL OF GYV VICTOR AS CEO, MD
Source text for Eikon: ID:nBSEb1L6q1
Further company coverage: DRDG.NS
(([email protected];))
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What does Dredging Corp do?
Established in 1976, Dredging Corporation of India is a pioneer in the field of dredging and maritime development. It offers dredging services to major and minor ports, Indian Navy, and fishing harbors to support national development.
Who are the competitors of Dredging Corp?
Dredging Corp major competitors are Ship.Corp.(I) Land, Seamec, Essar Shipping, Transworld Shipping, Swan Defence & Heavy, ABS Marine Services, Global Offshore Serv. Market Cap of Dredging Corp is ₹1,721 Crs. While the median market cap of its peers are ₹649 Crs.
Is Dredging Corp financially stable compared to its competitors?
Dredging Corp seems to be less financially stable compared to its competitors. Altman Z score of Dredging Corp is 2.01 and is ranked 5 out of its 8 competitors.
Does Dredging Corp pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Dredging Corp latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Dredging Corp allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Dredging Corp balance sheet?
Balance sheet of Dredging Corp is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Dredging Corp improving?
The profit is oscillating. The profit of Dredging Corp is -₹72.32 Crs for TTM, ₹35.68 Crs for Mar 2024 and -₹196.2 Crs for Mar 2023.
Is the debt of Dredging Corp increasing or decreasing?
Yes, The debt of Dredging Corp is increasing. Latest debt of Dredging Corp is ₹574 Crs as of Sep-24. This is greater than Mar-24 when it was ₹326 Crs.
Is Dredging Corp stock expensive?
Dredging Corp is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Dredging Corp is 0.0, while 3 year average PE is 34.01. Also latest EV/EBITDA of Dredging Corp is 27.08 while 3yr average is 16.25.
Has the share price of Dredging Corp grown faster than its competition?
Dredging Corp has given lower returns compared to its competitors. Dredging Corp has grown at ~-24.66% over the last 1yrs while peers have grown at a median rate of 8.0%
Is the promoter bullish about Dredging Corp?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Dredging Corp is 73.47% and last quarter promoter holding is 73.47%.
Are mutual funds buying/selling Dredging Corp?
The mutual fund holding of Dredging Corp is stable. The current mutual fund holding in Dredging Corp is 1.62% while previous quarter holding is 1.62%.