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Dredging of IndiaNSE:DREDGECORP -3.77%63 3-Year ROIIC % is 24.31 as of Mar. 2026, which is 2% above its 10-year median of 23.91. GuruFocus rates NSE:DREDGECORP with a GF Score™ of 63/100 and a GF Value™ of ₹870.68 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,686 Construction companies, Dredging of India ranks better than 77.58% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Dredging of India's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 24.31%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Dredging of India's 3-Year ROIIC % or its related term are showing as below:
NSE:DREDGECORP's 3-Year ROIIC % is ranked better than 77.58% of 1686
companies
in the Construction industry
Industry Median: 4.63
vs NSE:DREDGECORP: 24.31
Dredging of India (NSE:DREDGECORP) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Dredging of India 3-Year ROIIC % Related Terms
Dredging of India 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Dredging of India's 3-Year ROIIC % 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.
NSE:DREDGECORP vs PWR, FIX, EME: 3-Year ROIIC % Comparison
For the Engineering & Construction subindustry, Dredging of India's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Dredging of India's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Dredging of India's 3-Year ROIIC % falls into.
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Dredging of India (NSE:DREDGECORP) has a 3-Year ROIIC % of 24.31 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Dredging of India and its competitors. This is near median its historical median of 23.91. According to the industry distribution chart, Dredging of India ranks #378 out of 1686 companies in the Construction industry, placing it in the top 22.4%.
Is Dredging of India's 3-Year ROIIC % too high?
Dredging of India's current 3-Year ROIIC % of 24.31 is near median its 10-year median of 23.91. The Construction industry median 3-Year ROIIC % is 4.63. Dredging of India's value of 24.31 is 425.1% above this industry median. Based on the distribution chart, Dredging of India ranks #378 out of 1686 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Dredging of India has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dredging of India's 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Dredging of India ranks #378 out of 1686 companies for 3-Year ROIIC %. This places Dredging of India in the top 22% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.63. Dredging of India's value of 24.31 is 425.1% above this benchmark. While the company's 10-year median is 23.91 vs. the industry median of 4.63, Dredging of India has consistently been above 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 3-Year ROIIC % for a Construction company?
The median 3-Year ROIIC % among Construction companies is 4.63, based on 1,686 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dredging of India's current 3-Year ROIIC % of 24.31 is 425.1% above 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Dredging of India and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dredging of India's current 3-Year ROIIC % is 24.31, which is near median its own 10-year median of 23.91. 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 ₹870.68, compared to a current price of ₹1,096.50 — trading 25.9% above its estimated fair value. The current 3-Year ROIIC % is 24.31, which is near median its 10-year median of 23.91 and 425.1% above the Construction industry median of 4.63. Dredging of India's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Dredging of India (NSE:DREDGECORP), the current 3-Year ROIIC % is 24.31 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 ₹1,096.50 is trading 25.9% above its estimated GF Value™ of ₹870.68.
GuruFocus considers Dredging of India to be Modestly Overvalued.
Key valuation signals for NSE:DREDGECORP:
3-Year ROIIC %: 24.31 (near median its 10-year median of 23.91)
GF Value™: ₹870.68 vs. price of ₹1,096.50 (25.9% above fair value)
Industry Position: 425.1% above the Construction median (#378 of 1686)
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.
63GF Score
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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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