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1 Comment
Dredging Corporation of India Limited is currently in a long term uptrend where the price is trading 19.7% above its 200 day moving average.
From a valuation standpoint, the stock is 83.2% cheaper than other stocks from the Industrials sector with a price to sales ratio of 1.4.
Dredging Corporation of India Limited's total revenue rose by 27.9% to $3B since the same quarter in the previous year.
Its net income has dropped by 181.7% to $-256M since the same quarter in the previous year.
Finally, its free cash flow grew by 7.4% to $757M since the same quarter in the previous year.
Based on the above factors, Dredging Corporation of India Limited gets an overall score of 4/5.
ISIN | INE506A01018 |
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Exchange | NSE |
CurrencyCode | INR |
Sector | Industrials |
Industry | Engineering & Construction |
Beta | 0.85 |
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Market Cap | 17B |
PE Ratio | None |
Target Price | 540 |
Dividend Yield | None |
Dredging Corporation of India Limited provides dredging services to various ports, the Indian navy, fishing harbors, and other maritime organizations primarily in India. The company offers capital dredging, maintenance dredging, beach nourishment, land reclamation, shallow water dredging, project management consultancy, and marine construction services. It operates through a fleet of 10 trailer suction hopper dredgers, 2 cutter suction dredger, one backhoe dredger, and one inland cutter suction dredger, as well as other ancillary crafts. Dredging Corporation of India Limited was incorporated in 1976 and is headquartered in Visakhapatnam, India.
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