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Price-based indicators and levels
| Indicator | Value | Signal |
|---|---|---|
| Relative Strength Index (RSI) | +33.67 | Neutral |
| MACD | -42.76 | Bearish |
| Period | SMA | EMA |
|---|---|---|
| 20D Moving Average | 962.17 | 958.46 |
| 50D Moving Average | 1045.16 | 1010.65 |
| 200D Moving Average | 1013.60 | 988.63 |
Historical price movement and trading activity
Today's High
909.55
Today's Low
875
Open
897
Previous Close
899.6
Volume
44745
Total Traded Value High
40130392.1
Dredging Corporation of India Limited, was established on March 29, 1976 with the primary objective of catering to the dredging requirements of Indian ports. The Company pioneered in the field of dredging and maritime development. The Company is Mini Ratna Public Sector Enterprise, which offers four types of dredging services: Maintenance Dredging, Capital Dredging, Beach Nourishment and Land Reclamation. They do dredging mainly for Indian seaports, though occasionally they dredge at foreign seaports in countries such as Taiwan and Dubai. The company helps to ensure the continuous availability of the desired depths in shipping channels of the Major and Minot Ports, Navy, fishing harbor and other maritime organizations. The head office is located in the eastern seaboard of India at Visakhapatnam in Andhra Pradesh and project offices are located at all major ports in India. The company has enhanced autonomy with regard to capital expenditure, establishment of joint ventures, overseas offices and technology alliances. The company commenced their full fledged commercial operation from April 1, 1977. In the year 1977, the company was awarded a USD 10 million contract for the management of Yanbu Construction Port on the Red Sea in the Kingdom of Saudi Arabia, for three years. During the year 1981-83, they have efficiently performed stevedoring services at Yanbu Construction Support Port. During the year 2001-02, they executed shore pumbinig and reclamation works at Taichung Harber in Taiwan. The company associated themselves with the prestigious Sethusamudram Ship Channel Project. The Minsitry of Shipping, Road Transport and Highways set up a Special Purpose Vehicle in the name Sethusamudram Corporation Ltd and the company was one of the stakeholders in Sethusamudram Corporation Ltd, along with the Government of India, Shipping Corporation of India and Port Trusts of Tuticorin, Chennai, Visakhapatnam, Paradip and Ennore Port. The company contributed Rs 30 crore towards the equity for the Sethusamudram Corporation Ltd. The Government of India awarded capital dredging work of E3-E4 stretch in Palk Strait area adjoining Bay of Bengal to the company on nomination basis. One No. dumb cutter suction dredger of 2000 cum solids per hr capacity was delivered by MDL, Mumbai to DCI on 06.03.2010. The dredging works at the ICTT of Cochin Port Trust was completed and the container terminal was fully commissioned in 2012-13. DCI MUTLICAT an ancillary vessel was added to the fleet of DCI in 2016. The inland cutter suction dredger named as DCI GANGA was inducted into the fleet on 6th December, 2016. The vessel was put into operation at the dredging project was carried out at Puducherry. Two vessels DCI Dredge VII and DCI Dredge IX were decommissioned and sold as scrap during the year 2017-18. The Government of India (GOI) completed the transfer of its majority stake by way of the transfer of management control and sale of whole of 73.47% Equity Share Capital of DCIL held by GOI to the four ports - Visakhapatnam Port Trust, Paradip Port Trust, Deendayal Port Trust and Jawaharlal Nehru Port Trust. The Share Purchase Agreement was executed on 08th March 2019 and subsequently, the New Management took charge of the Company from 08th March 2019. Dredge IX a 4500 Cu.M TSHD built in 1984 was decommissioned in 2019. In 2022-23, DCI completed the maintenance dredging of Entrance Channel, Dr. Ambedkar Dock Basin, Bharathi Dock Basin, Jawahar Dock, Turning Circle and all berths of Chennai Port for the year 2022-23. It commissioned the capital and maintenance dredging work at Kamarajar Port. DCI completed maintenance dredging in the Hooghly Estuary, primarily in the shipping channel leading to the Haldia Dock Complex of Syama Prasad Mookerjee Kolkata (SMPK) for the year 2024-25, completed dredging of approach channel, entrance channel, turning circle, docks and sand trap of Paradip Port Authority (PPA); Capital dredging in the North Dock Complex of Paradip Port Authority (PPA) ; Maintenance dredging at New Sand Trap (NST), its approaches and other areas of Visakhapatnam Port Authority (VPA); Chartering of DR-XV to M/s. J.P. Offshores for dredging operations at DGNP, Visakhapatnam; Chartering of DR-XI to M/s. Aurobindo Realty Infrastructure Pvt. Ltd. for dredging operations at Ramayapatnam; Maintenance dredging of channels and basins of Cochin Port Authority (CoPA); Maintenance dredging of New Mangalore Port Authority (NMPA); Maintenance dredging of Mumbai harbor channel and JN Port channel of Jawaharlal Nehru Port Authority (JNPA). The procurement of Trailing Suction Hopper Dredger (TSHD) with a hopper capacity of 12,000 cubic meters was acquired at Cochin Shipyard Limited in FY 2026. 6.
10 Jun 2026
Dredging Corporation of India (DCI) announced that its board has approved the appointment of Jasmeet Singh Bindra, IRTS, as an additional director (promoter, non-executive and non-independent) and chairman of the company.
The appointment became effective from 9 June 2026 and will continue until the next annual general meeting (AGM). The company will seek shareholders' approval for his regular appointment as a non-executive director either at the AGM or through a postal ballot within three months from the date of appointment, whichever is earlier. The board also took note of the cessation of Dr M. Angamuthu as director and chairman of the company with effect from 20 May 2026. The company clarified that Bindra is not related to any director of the company. Jasmeet Singh Bindra is a 1996-batch officer of the Indian Railway Traffic Service (IRTS). He holds a B.Tech in Electronics, an MBA, and a Master's in Public Policy (MPA). During his nearly three-decade-long career, he has held several key positions across Indian Railways and the Government of India, including Senior Divisional Commercial Manager, Director (Safety), Director in the Ministry of Coal, Chief Passenger Transportation Manager; Divisional Railway Manager (Ranchi), Executive Director (Gati Shakti/Traffic) at the Railway Board, Principal Chief Commercial Manager, and Principal Chief Operations Manager (Coordination), South East Central Railway. Dredging Corporation of India is engaged in providing integrated dredging services to ports, the Indian Navy, and other maritime organizations in India. For the quarter ended March 2026, the company reported a 306.1% jump in net profit to Rs 86.91 crore compared with Rs 21.40 crore in the corresponding quarter of the previous year. Revenue increased 3.4% year-on-year to Rs 478.23 crore. The counter slipped 1.03% to Rs 1128.45 on the BSE. Powered by Capital Market - Live News
20 Apr 2026
Dredging Corporation of India (DCI) jumped 8.53% to Rs 1,060 after it signed a memorandum of understanding (MoU) worth Rs 2,157.07 crore with Indian Oil Corporation (IOCL) for fuel supply.
The agreement is for a period of five years and will ensure a steady and reliable fuel supply for the company's dredging fleet operating across the country. The MoU reinforces the long-standing association between DCI and IOCL and reflects a shared commitment towards operational excellence, reliability, and supporting India's maritime infrastructure development. The long-term arrangement is expected to strengthen DCI's capability to deliver uninterrupted dredging services for major ports and national projects. Dredging Corporation of India is engaged in providing integrated dredging services to ports, the Indian Navy, and other maritime organizations in India. The company reported a standalone The company reported a net loss of Rs 24.63 crore in Q3 FY26, compared to a net profit of Rs 16.06 crore in Q3 FY25. Revenue from operations declined 14.9% year-on-year to Rs 276.08 crore in Q3 FY26. Indian Oil Corporation is a Maharatna PSU under the Government of India, with operations spanning the entire hydrocarbon value chain, including refining, pipeline transportation, and marketing of petroleum products, as well as exploration and production, natural gas, and petrochemicals. Indian Oil Corporation (IOCL) added 1.59% to Rs 175.50 after the company's standalone net profit surged 321.98% to Rs 12,125.86 crore in Q3 FY26 compared with Rs 2,873.53 crore in Q3 FY25. Revenue from operations (excluding excise duty) rose 5.43% YoY to Rs 204,424.39 crore in Q3 FY26 as against Rs 193,899.5 crore reported in Q3 FY25. Shares of Indian Oil Corporation rose 0.24% to Rs 146.20 on the BSE.
13 Apr 2026
Dredging Corporation of India said that the credit rating agency CARE Ratings reaffirmed the company's long-term rating at 'CARE BBB+' with 'stable' outlook.
The agency has also affirmed the company's short-term rating at 'CARE A3+'. CARE Ratings stated that the reaffirmation of the ratings assigned to the bank facilities of Dredging Corporation of India (DCIL) continues to derive strength from its established presence of nearly five decades in domestic and overseas dredging services, strong parentage with shareholding held by major ports of the country, and a growing order book providing medium-term revenue visibility. The rating favourably factors in the support extended by the sponsors in form of funds extended via work advances and unsecured loans for dredger acquisition and settlement of liabilities. Promoter support is expected to continue in the near term to support liquidity and fund capital expenditure requirements. The ratings also factor in steady growth in revenue during FY25 and 9MFY26, wherein revenue witnessed year-on-year growth of 21% and 7%, respectively, driven by increased order inflow and execution. Working capital intensity improved, as reflected by reduced receivable days and trade payables. DCIL continues to maintain a comfortable leverage profile. CareEdge Ratings notes that DCIL has availed an additional term loan of Rs 150 crore from Sagarmala Finance Corporation for dry docking and other major maintenance expenses. Along with term loans availed from Sagarmala Finance Corporation Limited and new loan being availed for a new dredger, leverage and debt coverage indicators is expected to moderate in the near term. However, post-acquisition of the new dredger, DCIL will be able to undertake capital dredging work, which is expected to improve capacity utilisation and debt coverage indicators from FY27. The rating strengths are tempered by the ageing dredger fleet leading to high maintenance expenses, exposure to foreign exchange risk due to unhedged foreign currency debt, volatility in margins owing to fuel price fluctuations, and increased competition from domestic and global private players. Dredging Corporation of India (DCIL) provides integrated dredging services such as dredging and reclamation, marine services and construction, shallow water/inland dredging, and underwater mining to major and non major ports, Indian Navy, and other maritime organisations in India. The scrip had gained 0.89% to end at Rs 900.30 on the BSE today.
Financial strength and ownership structure
