Dredges and maintains shipping channels and harbours for India's Major Port Authorities, with four government-owned ports — Visakhapatnam, Paradeep, Jawaharlal Nehru and Deendayal — as its principal customers. All four are classified as promoter entities. FY26 revenue stood at Rs 1,208.33 crore, the highest turnover in the company's five-decade history. During H2 FY26, related-party transactions with these ports totalled Rs 9,466.42 lakhs, with Paradeep Port Authority accounting for Rs 4,763.12 lakhs and the largest closing receivable balance of Rs 6,147.31 lakhs. The cost structure is dominated by other operating expenses (fuel, vessel charter, project execution) at 70.6% of revenue, with depreciation at 13.1% and employee costs at 8.9%. Net profit in FY26 was Rs 4.75 crore, recovering from a restated loss of Rs 12.07 crore in FY25. A 150 kW solar rooftop plant was commissioned at the Visakhapatnam headquarters in May 2026. Management has set a target of Rs 1,500 crore turnover for FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Dredging services to Major Port Authorities. Asset-heavy, project-based dredging services with government-linked customers
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 799 | 1,165 | 946 | 1,142 | 1,208 |
| EBITDA (ex other income) | 134 | 175 | 204 | 158 | 248 |
| margin % | 16.8 | 15.0 | 21.5 | 13.8 | 20.5 |
| Owners' profit | 3 | 13 | 36 | (27) | 5 |
| EPS, as reported (₹) | 1.84 | 5.42 | 12.27 | (12.07) | 5.28 |
| ROE % · ROCE % | 0.2 · 1.1 | 0.9 · 2.6 | 2.8 · 4.1 | (2.2) · 0.6 | 0.4 · 4.6 |
| Debt / equity (x) | 0.10 | 0.18 | 0.34 | 0.76 | 0.88 |
| Cash from operations | 294 | 140 | 191 | 112 | 142 |
| Capex | (111) | 0 | 0 | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 204 | 324 | 462 | 242 | 212 | 276 | 478 | 355 |
| Profit before tax | (33) | 17 | 21 | (23) | (33) | (25) | 87 | 11 |
| Net profit | (34) | 16 | 21 | (23) | (34) | (25) | 87 | 11 |
| EPS (₹) | (11.97) | 5.73 | 5.38 | (8.33) | (12.21) | (8.80) | 34.62 | 4.01 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KNOWLEDGE MARINE & EN W L | 7,087 | 41.5 | 12.37 | 64.4 | 13.8 | 11.5 | 50.4 | 66.4 |
| DREDGING CORP OF INDIA ◆ | 2,923 | 59.2 | 2.38 | — | 0.4 | 0.3 | — | 17.7 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 59.2 | 14.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · DCI wins 'Dredging Company of the Year' Award 2026 | compliance | low | — | — |
| 4 Sept 2026 · Govt nominee Susanta Kumar Purohit appointed as Additional Director on DCI board | management changes | medium | — | — |
| 4 Sept 2026 · DCI: Purohit appointed Additional Director; Haranadh ceases as Director | management changes | medium | — | — |
| 2 Sept 2026 · DCI FY26 Annual Report: Returns to Profit at Rs 4.75 Cr PAT | results | high | — | — |
| 1 Sept 2026 · Dredging Corp sets 50th AGM on Sep 24, 2026; book closure Sep 18-24 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · DCI submits BRSR Sustainability Report for FY 2025-26 | compliance | low | — | — |
| 1 Sept 2026 · DCI sets 18 Sep 2026 as record date for 50th AGM | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Notice of 50th AGM on September 24, 2026 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Paradip Port Authority gets new Chairman; DCI board change may follow | management changes | medium | — | — |
| 9 Aug 2026 · Postal ballot approves Jasmeet Singh Bindra as Chairman with 99.95 percent support | management changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 329 of 373 |
| 12% |
| P/B | 2.4 | 1.4 | 219 of 338 | 35% |
| ROCE | 0.3 | 3.6 | 306 of 427 | 28% |
| ROE | 0.4 | 3.4 | 284 of 404 | 30% |
| Debt / Equity | 0.9 | 0.1 | 353 of 405 | 13% |
| EBITDA margin | 17.7 | 9.8 | 131 of 341 | 62% |
| Revenue growth | 46.7 | 9.2 | 73 of 333 | 78% |
| Profit growth | 148.2 | 7.9 | 71 of 369 | 81% |
| Market cap | 2923 | 51 | 39 of 414 | 91% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
