Dredging Corporation of India declined 5.88% to Rs 505 at 11:17 IST on BSE after the company reported 22.1% decline in net profit to Rs 50.15 crore on 5.6% decline in sales to Rs 190.72 crore in Q4 March 2008 over Q4 March 2007.
The stock hit a high of Rs 535 and a low of Rs 503. The stock had a 52-week high of Rs 1,356.10 on
The company has an equity capital of Rs 28 crore. Face value per share is Rs 10.
The current price of Rs 505 discounts its Q4 March 2008 annualised EPS of Rs 71.64, by a PE multiple of 7.04.
State-owned Dredging Corporation of India (DCI) is the premier dredging company in the country. Dredging is the process of excavating/ or removing soil/ or rock from under the water by a dredger. The main objective of dredging is the creation of deeper water to improve navigation.
DCI is a public sector undertaking (PSU) and the Government of India controls 78.56% stake (as on
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