Risk factor
Meaningful price volatility
Profitability factor
Very low or no dividends
About
Dredging Corporation of India Limited provides dredging services to various ports, Indian navy, fishing harbors, and other maritime organizations 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 dredgers, 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.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, of fair value on EV/