Dredging of IndiaNSE:DREDGECORP -0.24%67 Interest Coverage is 4.57 as of Mar. 2026, which is 217% above its 10-year median of 1.44. GuruFocus rates NSE:DREDGECORP with a GF Score™ of 67/100 and a GF Value™ of ₹869.71 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,351 Construction companies, Dredging of India ranks worse than 93.12% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Dredging of India's
Operating Income
for the
three
months ended in Mar. 2026 was ₹1,095 Mil. Dredging of India's Interest Expense for the
three
months ended in Mar. 2026 was ₹-239 Mil.
Dredging of India's interest coverage for the quarter that ended in Mar. 2026 was 4.57.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Dredging of India's Interest Coverage or its related term are showing as below:
NSE:DREDGECORP'
s Interest Coverage Range Over the Past 10 Years
Min: 1.01 Med: 1.44 Max: 3.68
Current: 1.01
NSE:DREDGECORP's Interest Coverage is ranked worse than 93.12% of 1351
companies
in the Construction industry
Industry Median: 7.81
vs NSE:DREDGECORP: 1.01
Dredging of India (NSE:DREDGECORP) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Dredging of India Interest Coverage Related Terms
Dredging of India Interest Coverage Historical Data
* Premium members only.
The historical data trend for Dredging of India's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
NSE:DREDGECORP vs PWR, FIX, EME: Interest Coverage Comparison
For the Engineering & Construction subindustry, Dredging of India's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Construction Industry
For the Construction industry and Industrials sector, Dredging of India's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Dredging of India's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (NSE:DREDGECORP) has a Interest Coverage of 4.57 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Dredging of India and its competitors. This is 217% above median its historical median of 1.44. Over the past decade, Dredging of India's Interest Coverage has ranged from 1.01 to 3.68. According to the industry distribution chart, Dredging of India ranks #1258 out of 1351 companies in the Construction industry, placing it in the top 93.1%.
Is Dredging of India's Interest Coverage too high?
Dredging of India's current Interest Coverage of 4.57 is 217% above median its 10-year median of 1.44. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 3.68. The Construction industry median Interest Coverage is 7.81. Dredging of India's value of 4.57 is 41.5% below this industry median. Based on the distribution chart, Dredging of India ranks #1258 out of 1351 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Dredging of India has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dredging of India's Interest Coverage compare to PWR and FIX?
According to the Construction industry distribution chart, Dredging of India ranks #1258 out of 1351 companies for Interest Coverage. This places Dredging of India in the lower half of its industry. The industry median Interest Coverage is 7.81. Dredging of India's value of 4.57 is 41.5% below this benchmark. Historically, Dredging of India's own Interest Coverage has ranged from 1.01 to 3.68 over the past decade. While the company's 10-year median is 1.44 vs. the industry median of 7.81, Dredging of India has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Construction company?
The median Interest Coverage among Construction companies is 7.81, based on 1,351 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dredging of India's current Interest Coverage of 4.57 is 41.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Dredging of India and its competitors. For the Construction industry, the median Interest Coverage is 7.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dredging of India's current Interest Coverage is 4.57, which is 217% above median its own 10-year median of 1.44. 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 ₹869.71, compared to a current price of ₹1,074.90 — trading 23.6% above its estimated fair value. The current Interest Coverage is 4.57, which is 217% above median its 10-year median of 1.44 and 41.5% below the Construction industry median of 7.81. Dredging of India's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Dredging of India (NSE:DREDGECORP), the current Interest Coverage is 4.57 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 ₹1,074.90 is trading 23.6% above its estimated GF Value™ of ₹869.71.
GuruFocus considers Dredging of India to be Modestly Overvalued.
Key valuation signals for NSE:DREDGECORP:
Interest Coverage: 4.57 (217% above median its 10-year median of 1.44)
GF Value™: ₹869.71 vs. price of ₹1,074.90 (23.6% above fair value)
Industry Position: 41.5% below the Construction median (#1258 of 1351)
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 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.
67GF Score
Get the complete analysis for NSE:DREDGECORP
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:DREDGECORP has been successfully added to your 
