Dredging of India (NSE:DREDGECORP) EBIT: ₹956 Mil (TTM As of Mar. 2026)


NSE:DREDGECORP Dredging Corp of India Ltd NSE:DREDGECORP
61 GF Score
Price ₹1,067.10
GF Value ₹868.71
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Dredging of India EBIT?

Dredging of India NSE:DREDGECORP -0.03% 61 EBIT is ₹956 Mil as of Mar. 2026. GuruFocus rates NSE:DREDGECORP with a GF Score™ of 61/100 and a GF Value™ of ₹868.71 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Dredging of India's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹1,114 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹956 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dredging of India's annualized ROC % for the quarter that ended in Mar. 2026 was 15.83%. Dredging of India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dredging of India's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.64%.


Dredging of India  (NSE:DREDGECORP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Dredging of India's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=4379.792 * ( 1 - 0.61% )/( (25851.651 + 29160.466)/ 2 )
=4353.0752688/27506.0585
=15.83 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=27533.753 - 2170.269 - ( 3048.299 - max(0, 8007.039 - 7518.872+3048.299))
=25851.651

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=30657.088 - 1914.586 - ( 4572.99 - max(0, 10056.488 - 9638.524+4572.99))
=29160.466

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Dredging of India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4455.252/( ( (20009.684 + max(-709.352, 0)) + (21013.351 + max(-2267.528, 0)) )/ 2 )
=4455.252/( ( 20009.684 + 21013.351 )/ 2 )
=4455.252/20511.5175
=21.72 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1685.555 + 1757.904 + 1027.114) - (2170.269 + 0 + 3009.656)
=-709.352

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2358.592 + 1762.692 + 944.25) - (1914.586 + 0 + 5418.476)
=-2267.528

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Dredging of India's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=955.552/36193.304
=2.64 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Dredging of India EBIT Related Terms


Dredging of India EBIT Historical Data

* Premium members only.

The historical data trend for Dredging of India's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dredging of India EBIT Chart

Dredging of India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 154.19 -1,748.97 588.78 120.01 955.41

Dredging of India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -137.77 81.98 -102.47 -137.77 1,113.81

NSE:DREDGECORP vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, Dredging of India's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dredging of India EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Dredging of India's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Dredging of India's EV-to-EBIT falls into.


NSE:DREDGECORP
61GF Score
Dredging Corp of India Ltd NSE:DREDGECORP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dredging of India EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹956 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹956 Mil mean?
Dredging of India (NSE:DREDGECORP) has a EBIT of ₹956 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Dredging of India.
Is Dredging of India's EBIT too high?
Dredging of India's current EBIT is ₹956 Mil. Overall, Dredging of India has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dredging of India's EBIT compare to PWR and FIX?
Dredging of India's EBIT of ₹956 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Construction company?
A good EBIT depends on the Construction industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Dredging of India. Dredging of India's current EBIT is ₹956 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dredging of India stock overvalued right now?
Based on GuruFocus' analysis, Dredging of India (NSE:DREDGECORP) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹868.71, compared to a current price of ₹1,067.10 — trading 22.8% above its estimated fair value. The current EBIT is ₹956 Mil. Dredging of India's overall GF Score™ is 61/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Dredging of India (NSE:DREDGECORP), the current EBIT is ₹956 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dredging of India (NSE:DREDGECORP) Overvalued in 2026?

Based on GuruFocus' analysis, Dredging of India stock appears to be overvalued. The current stock price of ₹1,067.10 is trading 22.8% above its estimated GF Value™ of ₹868.71. GuruFocus considers Dredging of India to be Modestly Overvalued.

Key valuation signals for NSE:DREDGECORP:

  • EBIT: ₹956 Mil
  • GF Value™: ₹868.71 vs. price of ₹1,067.10 (22.8% above fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the NSE:DREDGECORP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dredging of India Business Description

Other Exchanges 523618:India
Address HB Colony Main Road, Dredge House, Seethammadhara, Visakhapatnam, AP, IND, 530022
Dredging Corp of India Ltd provides integrated dredging and related marine services for ports, maritime trade, beach nourishment, reclamation, and inland dredging majorly across India. The company operates a fleet of dredgers to deepen and maintain sea coasts, river sides, canals, and ports, supporting expanding port operations driven by government initiatives such as the Sagarmala Programme. It also pursues business opportunities in overseas markets including the Middle East, Southeast Asia, and South Asia. Revenue is generated through contracts with majority ports and maritime organizations, as well as emerging industrial and infrastructure projects requiring dredging services.
61GF Score

Get the complete analysis for NSE:DREDGECORP

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,067.10
Price
₹868.71
GF Value