Dredging of India (NSE:DREDGECORP) Operating Income: ₹1,030 Mil (TTM As of Jun. 2026)

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NSE:DREDGECORP Dredging Corp of India Ltd NSE:DREDGECORP
66 GF Score
Price ₹1,166.40
GF Value ₹1,102.17
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Dredging of India Operating Income?

Dredging of India NSE:DREDGECORP +9.58% 66 Operating Income is ₹1,030 Mil as of Jun. 2026. GuruFocus rates NSE:DREDGECORP with a GF Score™ of 66/100 and a GF Value™ of ₹1,102.17 (Fairly Valued). The stock has 6 warning signs investors should review.

Dredging of India's Operating Income for the three months ended in Jun. 2026 was ₹203 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹1,030 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dredging of India's Operating Income for the three months ended in Jun. 2026 was ₹203 Mil. Dredging of India's Revenue for the three months ended in Jun. 2026 was ₹3,554 Mil. Therefore, Dredging of India's Operating Margin % for the quarter that ended in Jun. 2026 was 5.72%.

Dredging of India's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT 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 Jun. 2026 was 2.69%. Dredging of India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.06%.


Dredging of India  (NSE:DREDGECORP) Operating Income Explanation

1. Operating Income or EBIT 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 Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=813.564 * ( 1 - 2.26% )/( (29160.466 + 29932.375)/ 2 )
=795.1774536/29546.4205
=2.69 %

where

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

Invested Capital(Q: Jun. 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))
=30999.134 - 2359.101 - ( 2678.815 - max(0, 11200.801 - 9908.459+2678.815))
=29932.375

Note: The Operating Income data used here is four times the quarterly (Jun. 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 Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=854.86/( ( (21013.351 + max(-2267.528, 0)) + (21085.454 + max(10.206000000002, 0)) )/ 2 )
=854.86/( ( 21013.351 + 21095.66 )/ 2 )
=854.86/21054.5055
=4.06 %

where Working Capital is:

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

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4427.797 + 1812.803 + 989.044) - (2359.101 + 0 + 4860.337)
=10.206000000002

When net working capital is negative, 0 is used.

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

3. Operating Income is also linked to Operating Margin %:

Dredging of India's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=203.391/3554.341
=5.72 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Dredging of India Operating Income Related Terms


Dredging of India Operating Income Historical Data

* Premium members only.

The historical data trend for Dredging of India's Operating Income 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 Operating Income Chart

Dredging of India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.65 -1,630.84 609.81 -118.84 897.68

Dredging of India Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income 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 71.34 -115.85 -152.64 1,094.95 203.39
NSE:DREDGECORP
66GF Score
Dredging Corp of India Ltd NSE:DREDGECORP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Dredging of India Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹1,030 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 Operating Income →
What does a Operating Income of ₹1,030 Mil mean?
Dredging of India (NSE:DREDGECORP) has a Operating Income of ₹1,030 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dredging of India and its competitors.
Is Dredging of India's Operating Income too high?
Dredging of India's current Operating Income is ₹1,030 Mil. Overall, Dredging of India has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dredging of India's Operating Income compare to PWR and FIX?
Dredging of India's Operating Income of ₹1,030 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 Operating Income for a Construction company?
A good Operating Income depends on the Construction industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dredging of India and its competitors. Dredging of India's current Operating Income is ₹1,030 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 Fairly Valued. The stock's GF Value™ is ₹1,102.17, compared to a current price of ₹1,166.40 — trading 5.8% above its estimated fair value. The current Operating Income is ₹1,030 Mil. Dredging of India's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Dredging of India (NSE:DREDGECORP), the current Operating Income is ₹1,030 Mil as of Jun. 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 ₹1,166.40 is trading 5.8% above its estimated GF Value™ of ₹1,102.17. GuruFocus considers Dredging of India to be Fairly Valued.

Key valuation signals for NSE:DREDGECORP:

  • Operating Income: ₹1,030 Mil
  • GF Value™: ₹1,102.17 vs. price of ₹1,166.40 (5.8% above fair value)
  • GF Score™: 66/100 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.
66GF Score

Get the complete analysis for NSE:DREDGECORP

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

₹1,166.40
Price
₹1,102.17
GF Value