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Dredging Corporation of Share Price Target 2024, 2025, 2026 to 2039 With Charts
Dredging Corporation of India Limited | |||
 | Symbol: DREDGECORP | ||
| Price: ₹862.7 | |||
| Exchange: NSE | |||
| Industrials -> Engineering & Construction | |||
Show Table of Contents
Table of Contents
- 1: Dredging Corporation of Brief Company Overview
- 1.1: Company Overview: Dredging Corporation of India Limited
- 1.2: Dredging Corporation of Financial Performance
- 1.2.1: Is Dredging Corporation of A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Dredging Corporation of Share Price Target For 2024
- 2.1.1: Dredging Corporation of Share Price Target Table For 2024
- 2.1.2: Summary: Dredging Corporation of Share Price Prediction For 2024
- 2.2: Dredging Corporation of Share Price Target For 2025
- 2.2.1: Dredging Corporation of Share Price Target Table For 2025
- 2.2.2: Summary: Dredging Corporation of Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Dredging Corporation of Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Dredging Corporation of Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Dredging Corporation of Past Performance
Dredging Corporation of Brief Company Overview
Company Overview: Dredging Corporation of India Limited
Dredging Corporation of India Limited is a leading provider of dredging services in India, serving various ports, the Indian navy, fishing harbors, and other maritime organizations. Established in 1976, the company has a strong reputation in the industry for its expertise and commitment to delivering high-quality dredging solutions.
- Key Products and Services: Capital dredging, maintenance dredging, beach nourishment, land reclamation, shallow water dredging, project management consultancy, and marine construction services.
- Fleet: 10 trailer suction hopper dredgers, 1 cutter suction dredger, one backhoe dredger, and one inland cutter suction dredger, plus ancillary crafts.
- Market Presence: Headquartered in Visakhapatnam, India, with a diverse product range meeting the specific needs of customers across the country.
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Dredging Corporation of Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 2,970.23 Crore | Market valuation of Dredging Corporation of's shares. |
| Revenue (TTM) | 891.87 Crore | Total revenue generated by Dredging Corporation of over the past twelve months. |
| Net Income (TTM) | -10.87 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | -16.45% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | -1.22% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | -26.21% | Change in revenue compared to the previous quarter. |
| Debt-to-Equity (D/E) Ratio | 44.16 | Company's total debt divided by total shareholder equity. |
| Total Debt | 558.02 Crore | Sum of Dredging Corporation of's current & long-term financial obligations. |
| Total Cash | 50.28 Crore | Total amount of liquid funds available to Dredging Corporation of. |
| Beta | 1.17 | Beta is greater than 1 indicating that the Dredging Corporation of's price is more volatile than the market. |
Is Dredging Corporation of A Good Buy For Long Term?
Dredging Corporation of India, a small-cap stock with a market capitalization of ₹2,425.92 crore, presents a mixed picture for long-term investors. While its past performance boasts impressive returns (160.35% over three years and 95.55% over five years), the recent quarter shows a significant revenue drop (-26.21%) and a negative net profit (-₹10.87 crore). A considerable debt of ₹558.02 crore against a cash balance of ₹50.28 crore raises concerns. Despite YTD returns of 43.96%, the current financial health warrants caution. Therefore, it's currently not a good buy for long-term investment. Further analysis is needed before considering this stock.
To predict the Dredging Corporation of's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Dredging Corporation of Share Price Target For 2024
The line chart displays the monthly closing prices of Dredging Corporation of with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Dredging Corporation of shares in 2024, see the table below.
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Dredging Corporation of Share Price Target Table For 2024
| Dredging Corporation of's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 889.95 (+3.15%) | Price Action: Jan 2024 High |
| 2024 Target 2 | 879.23 (+1.91%) | Technical Indicator: MA250 |
| 2024 Target 1 | 862.70 (0%) | Fibonacci Extension Level 199% |
| Current Price | 862.70 | Dredging Corporation of's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 862.70 (0%) | Fibonacci Retracement Extended 82.6% |
| Stop Loss 2 | 843.00 (-2.29%) | Price Action: Feb 2024 High |
| Stop Loss 3 | 830.00 (-3.8%) | Price Action: Nov 2007 Low |
Summary: Dredging Corporation of Share Price Prediction For 2024
In summary, Dredging Corporation of has surged by ₹263.45, achieving a notable +43.96% increase from 1st January 2024 to 14 Nov 2024. Our analysis of Dredging Corporation of for 2024 predicts an additional rise of 0% to 3.15% by the end of 2024 with three potential targets T1: 862.70, T2: 879.23, T3: 889.95. Stop Loss at SL1: 862.70, SL2: 843.00, SL3: 830.00.
Dredging Corporation of has a 52-week high of ₹1457.94, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹477.25, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Dredging Corporation of.
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Dredging Corporation of Share Price Target For 2025
The line chart displays the monthly closing prices of Dredging Corporation of with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Dredging Corporation of shares in 2025, see the table below.
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Dredging Corporation of Share Price Target Table For 2025
| Dredging Corporation of's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 1417.56 (+64.31%) | Price Action: Chart |
| 2025 Target 2 | 1391.13 (+61.25%) | Price Action: Chart |
| 2025 Target 1 | 1377.36 (+59.65%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 862.70 | Dredging Corporation of's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 739.00 (-14.34%) | Price Action: Mar 2024 High |
| Stop Loss 2 | 731.61 (-15.2%) | Price Action: Chart |
| Stop Loss 3 | 718.44 (-16.73%) | Price Action: Chart |
Summary: Dredging Corporation of Share Price Prediction For 2025
In summary, Dredging Corporation of has surged by ₹263.45, achieving a notable +43.96% increase from 1st January 2024 to 14 Nov 2024. Our analysis of Dredging Corporation of for 2025 predicts an additional rise of 59.65% to 64.31% by the end of 2025 with three potential targets T1: 1377.36, T2: 1391.13, T3: 1417.56. Stop Loss at SL1: 739.00, SL2: 731.61, SL3: 718.44.
Dredging Corporation of has a All-Time high of ₹1457.94, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹477.25, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Dredging Corporation of, we have created a specific page for that check here: Dredging Corporation of Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Dredging Corporation of Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Dredging Corporation of share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 9.71% over the next 15 years.
For complete year by year Dredging Corporation of long term share price target from 2024, 2025 to 2039 check the below table.
Dredging Corporation of Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Dredging Corporation of Target | YoY Change % |
|---|---|---|
| 2024 | ₹862.7 | [Current Price] |
| 2024 | ₹953.68 | 10.54% |
| 2025 | ₹1,190.95 | 24.87% |
| 2026 | ₹1,401.47 | 17.67% |
| 2027 | ₹1,606.05 | 14.59% |
| 2028 | ₹1,726.01 | 7.46% |
| 2029 | ₹1,777.99 | 3.01% |
| 2030 | ₹2,068.63 | 16.34% |
| 2031 | ₹2,301.62 | 11.26% |
| 2032 | ₹2,520.17 | 9.49% |
| 2033 | ₹2,608 | 3.48% |
| 2034 | ₹2,602.3 | -0.22% |
| 2035 | ₹2,946.31 | 13.21% |
| 2036 | ₹3,201.76 | 8.67% |
| 2037 | ₹3,434.29 | 7.26% |
| 2038 | ₹3,489.99 | 1.62% |
| 2039 | ₹3,491.12 | 0.03% |
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Dredging Corporation of Past Performance
- In 1998, Dredging Corporation of opening price was ₹70
- As of Thu 14 Nov 2024 the price stands at ₹862.7.
- This represents a Compound Annual Growth Rate (CAGR) of 9.75%.
- In 26 years, an investment of 10,000 would have become ₹1.23 Lakh.
As we wrap up, we hope you like our study on Dredging Corporation of share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Dredging Corporation of Share Price History
- Dredging Corporation of Price Target Tomorrow
- Dredging Corporation of Dividend History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
