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DREDGING CORPORATION OF INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of DREDGING CORPORATION OF INDIA is -22.32.

Share Price ₹576.6Apr 03,2025
Market Cap ₹1,614.5 Cr
Earnings-TTM₹-72.3 CrTTM-Standalone Results
Price/Earnings-22.32xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of DREDGING CORPORATION OF INDIA

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of DREDGING CORPORATION OF INDIA is calculated as :

Current Market Cap [ ₹1,614.5 Cr] as on Apr 03,2025

(/) Earnings [ ₹-72.3 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ -22.32x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for DREDGING CORPORATION OF INDIA , the investors are currently willing to pay -22.32 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of DREDGING CORPORATION OF INDIA !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of DREDGING CORPORATION OF INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of DREDGING CORPORATION OF INDIA


PE Ratio Performance Analysis for DREDGING CORPORATION OF INDIA

- DREDGING CORPORATION OF INDIA 's latest p/e ratio is -22.32x.

- DREDGING CORPORATION OF INDIA 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 74.88x.

- DREDGING CORPORATION OF INDIA 's operated at median p/e ratio of 52.81x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DREDGING CORPORATION OF INDIA 's p/e ratio peaked in Mar2022 at 247.51x.

- DREDGING CORPORATION OF INDIA 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does DREDGING CORPORATION OF INDIA 's P/E Ratio benchmark against top 10 peers in Shipping Industry?

Peer Comparison (Shipping Industry)Earnings-TTM (Cr)PE RatioMarket Cap
DREDGING CORPORATION OF INDIA -72.32-22.321,614.5
THE GREAT EASTERN SHIPPING COMPANY LTD2,886.254.4812,940.4
SHIPPING CORPORATION OF INDIA LTD932.428.588,004.8
SHIPPING CORPORATION OF INDIA LAND AND ASSETS LTD43.3052.392,268.4
SEAMEC LTD99.6326.092,598.9
TRANSWORLD SHIPPING LINES LTD40.9114.40588.9
ESSAR SHIPPING LTD590.600.87515.8
GLOBAL OFFSHORE SERVICES LTD54.294.45241.5

Shipping Industry Benchmark (Top 10) PE Analysis vs DREDGING CORPORATION OF INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -22.32x
Max industry PE 52.39x
Median industry PE 8.58x
Average industry PE 11.12x



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