Dredging Corporation of India Limited

NSEI:DREDGECORP Stock Report

Market Cap: ₹18.8b

Dredging Corporation of India Balance Sheet Health

Financial Health criteria checks 5/6

Dredging of India has a total shareholder equity of ₹14.5B and total debt of ₹5.0B, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are ₹23.8B and ₹9.3B respectively. Dredging of India's EBIT is ₹730.0M making its interest coverage ratio 4.1. It has cash and short-term investments of ₹418.4M.

Key information

34.2%

Debt to equity ratio

₹4.97b

Debt

Interest coverage ratio4.1x
Cash₹418.38m
Equity₹14.52b
Total liabilities₹9.29b
Total assets₹23.81b

Recent financial health updates

Recent updates

Dredging Corporation of India Limited's (NSE:DREDGECORP) 26% Price Boost Is Out Of Tune With Earnings

Jan 16
Dredging Corporation of India Limited's (NSE:DREDGECORP) 26% Price Boost Is Out Of Tune With Earnings

Returns On Capital Are Showing Encouraging Signs At Dredging Corporation of India (NSE:DREDGECORP)

Dec 12
Returns On Capital Are Showing Encouraging Signs At Dredging Corporation of India (NSE:DREDGECORP)

Is Now The Time To Put Dredging Corporation of India (NSE:DREDGECORP) On Your Watchlist?

Sep 19
Is Now The Time To Put Dredging Corporation of India (NSE:DREDGECORP) On Your Watchlist?

Investors Appear Satisfied With Dredging Corporation of India Limited's (NSE:DREDGECORP) Prospects As Shares Rocket 40%

Aug 23
Investors Appear Satisfied With Dredging Corporation of India Limited's (NSE:DREDGECORP) Prospects As Shares Rocket 40%

Returns At Dredging Corporation of India (NSE:DREDGECORP) Are On The Way Up

Aug 17
Returns At Dredging Corporation of India (NSE:DREDGECORP) Are On The Way Up

We Think That There Are Issues Underlying Dredging Corporation of India's (NSE:DREDGECORP) Earnings

Nov 20
We Think That There Are Issues Underlying Dredging Corporation of India's (NSE:DREDGECORP) Earnings

Returns On Capital Signal Difficult Times Ahead For Dredging Corporation of India (NSE:DREDGECORP)

Oct 08
Returns On Capital Signal Difficult Times Ahead For Dredging Corporation of India (NSE:DREDGECORP)

Is Dredging Corporation of India (NSE:DREDGECORP) Using Too Much Debt?

Feb 02
Is Dredging Corporation of India (NSE:DREDGECORP) Using Too Much Debt?

A Look At The Intrinsic Value Of Dredging Corporation of India Limited (NSE:DREDGECORP)

Mar 08
A Look At The Intrinsic Value Of Dredging Corporation of India Limited (NSE:DREDGECORP)

Financial Position Analysis

Short Term Liabilities: DREDGECORP's short term assets (₹6.4B) do not cover its short term liabilities (₹6.7B).

Long Term Liabilities: DREDGECORP's short term assets (₹6.4B) exceed its long term liabilities (₹2.6B).


Debt to Equity History and Analysis

Debt Level: DREDGECORP's net debt to equity ratio (31.3%) is considered satisfactory.

Reducing Debt: DREDGECORP's debt to equity ratio has reduced from 52.3% to 34.2% over the past 5 years.

Debt Coverage: DREDGECORP's debt is well covered by operating cash flow (28.2%).

Interest Coverage: DREDGECORP's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


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