Dredging Corporation of India Ltd: A Comprehensive Analysis

Dredging Corporation of India Ltd is a state-owned dredging company in India. It was established in 1976.

The company is headquartered in Visakhapatnam, Andhra Pradesh, and has been in operation for over four decades.

Dredging Corporation of India Ltd has a wide range of services, including dredging, reclamation, and marine construction.

The company has a strong presence in the Indian Ocean, with operations in several countries.

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Dredging Corporation of India Limited, or DCI, is a Miniratna Indian public sector unit engaged in the business of dredging.

DCI does dredging for Indian seaports exclusively, and occasionally dredges at foreign seaports in countries such as Sri Lanka, Taiwan, and Dubai.

The company is mainly involved in maintenance dredging, and almost all the maintenance dredging in Indian seaports is carried out by DCI due to government regulations.

DCI is also involved in capital dredging, beach nourishment, and land reclamation.

The main seaports in which DCI does business are Visakhapatnam Port, Haldia, Kandla, Cochin Port, and Ennore Port.

DCI is headquartered at Visakhapatnam and has project offices at many seaports in India.

It reports to the Ministry of Shipping and is ISO 14001:2004 and ISO 9001:2008 certified.

DCI was incorporated as a public sector organisation in March 1976.

The company was listed on CSE and DSE stock exchanges in October 1992, and debuted on BSE on 28 February 2000.

It went for an Initial public offering in March 2004.

The financials of Dredging Corporation of India are quite interesting. The company's capitalization has fluctuated over the years, ranging from ₹134M in 2014 to ₹25.49B in 2024.

The cash conversion cycle, which measures how quickly a company can convert its inventory into cash, has improved significantly over the years, from 272 days in 2013 to 68 days in 2024. This indicates that the company is becoming more efficient in managing its working capital.

Here's a breakdown of the company's working capital days over the years:

The financial ratios of a company can provide valuable insights into its performance and efficiency. One key ratio is the Cash Conversion Cycle, which measures the time it takes for a company to convert its inventory into cash.

Looking at the data, we can see that the Cash Conversion Cycle has been decreasing over the years, from 272 days in 2013 to 68 days in 2024. This indicates that the company is becoming more efficient in its inventory management and cash conversion processes.

The Cash Conversion Cycle is influenced by several factors, including Debtor Days, Inventory Days, and Days Payable. Debtor Days measures the average number of days it takes for a company to collect its accounts receivable, while Inventory Days measures the average number of days it takes for a company to sell its inventory. Days Payable measures the average number of days a company takes to pay its suppliers.

A lower Cash Conversion Cycle is generally a good sign, as it indicates that a company is converting its inventory into cash more quickly. In this case, the company's Cash Conversion Cycle has been decreasing over the years, indicating improved efficiency.

Here's a breakdown of the Cash Conversion Cycle for the past 10 years:

Overall, the company's financial ratios suggest that it has been making progress in improving its efficiency and cash conversion processes.

Valuation is a critical aspect of a company's financials, and it's essential to understand the various metrics involved.

The capitalization of Dredging Corporation of India Limited has fluctuated significantly over the years, ranging from 134M to 25.49B.

Here are some key valuation metrics for Dredging Corporation of India Limited:

The enterprise value of the company has also seen significant changes, ranging from 176M to 33.42B.

The EV / Sales ratio for 2023 is 0.95x, indicating a relatively low valuation multiple.

Dredging Corporation of India has appointed P Uma Gandhi as Chief Financial Office, effective March 25, 2025.

The company's CFO, E Kiran, resigned on March 13, 2025, and was announced by Dredging Corporation of India Limited. This move comes after a period of significant change for the company, with several key appointments and departures.

Dredging Corporation of India Limited has also reported a decline in profit in Fiscal Q3, with a profit of 160.6 million rupees in the December quarter.

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Dredging Corporation of India Limited has appointed P Uma Gandhi as its Chief Financial Officer, effective March 25, 2025.

This appointment marks a significant change in the company's leadership, following the resignation of E Kiran as Chief Financial Officer on March 13, 2025.

A recent contract win has boosted the company's shares, with a 5% increase after it bagged a prestigious INR1.57 billion contract from the Cochin Port Authority on July 5, 2024.

The company has also reported its earnings results for the second quarter and six months ended September 30, 2024, which showed a profit of 160.6 million rupees in the December quarter.

Here are some key dates related to the company's recent news:

The company's profit slid in the fiscal Q3, with a profit of 160.6 million rupees in the December quarter, as reported on February 3, 2025.

The latest news about Dredging Corporation of India Limited is that they have appointed P Uma Gandhi as their Chief Financial Officer, effective March 25, 2025. This is a significant development for the company, and we'll be keeping an eye on how this new appointment impacts their operations.

Their previous CFO, E Kiran, had resigned on March 13, 2025, marking a change in leadership for the company's financial department. This move has sparked interest among investors and industry observers, who are eager to see how the company will adapt to this new change.

In other news, Dredging Corporation of India's profit slid in fiscal Q3, with a net profit of 160.6 million rupees in the December quarter. This decline in profits has led to a decrease in investor confidence, but the company remains optimistic about its future prospects.

The company has been active in securing new contracts, with a recent win worth INR178 million from Knowledge Marine. This contract is a testament to the company's ability to secure new business and expand its operations.

Here are some key events that have shaped the company's recent history:

These developments highlight the company's efforts to adapt to changing market conditions and secure new business opportunities. As we continue to monitor the company's progress, we'll be looking for signs of improvement in their financial performance and strategic decisions.

The management team at Dredging Corporation of India Limited is made up of experienced professionals who have been serving the company for many years.

Satheesh Chander Rao and Y. S. R. Murthy both hold the title of Chief Tech/Sci/R&D Officer, but their ages are not specified.

S. V. Prasad has been the Chief Operating Officer since 2009-12-31.

The board of directors consists of three members, each with a unique role and experience.

Arun Kumar Gupta, Haranadh Lakshmi Polamraju, and Lov Verma are all directors, with Arun and Lov being 69 years old and Haranadh being 58 years old.

Here is a list of the management team members, along with their titles and ages:

Dredging Corporation of India Limited is one of the key players in the Marine Port Services industry. They have a significant market presence with a capitalization of 198M.

Their performance is impressive, with a 5-day change of +2.07%. This is a notable increase, and it's great to see them doing well.

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The industry average is a +0.35% 5-day change, which is a good sign for the overall market.

The Dredging Corporation of India is a pioneer in innovation, leveraging cutting-edge technology to improve its operations.

The company has a strong focus on research and development, with a dedicated team working on new and innovative dredging techniques.

The Dredging Corporation of India has successfully implemented various innovative projects, including the mechanization of dredging operations.

The mechanization of dredging operations has increased efficiency and reduced costs for the company.

The Dredging Corporation of India has also adopted environmentally friendly dredging methods, minimizing its ecological footprint.

The company's commitment to innovation has led to the development of new equipment and machinery, improving its overall performance.

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