Rs 10,887 million order book and 250 per cent returns: Mukul Agrawal backed multibagger stock bags new order worth Rs 156.50 crore!

Shares of the company have gained more than 130 per cent in the last six months.

Dredging Corporation of India (DCIL) has secured a significant contract for the annual maintenance dredging of Cochin Port. The contract is valued at Rs. 156.5 crore for the 2024-25 year with a potential one-year extension, this project reinforces DCIL's leadership in the dredging sector and its commitment to India's maritime infrastructure.

The dredging operation encompasses the port's outer channel, approach channel, basins, and other areas, ensuring continued navigability for various vessels. This vital activity is crucial for the port's functionality and facilitates seamless maritime trade. Cochin Port Authority's decision to award the contract to DCIL highlights their commitment to maintaining high standards of maritime infrastructure.

The company also posted weak Quarterly Results in Q4FY24. The revenue of the company for Q4FY24 stood at Rs 277.89 crore which decreased by 17.65 per cent YoY. The operating profit of the company stood at Rs 22.64 crore, while the PAT of the company stood at a loss of Rs 23.47 crore which stood at Rs 222.94 crore in FY23. Shares of Dredging Corporation of India Limited have also delivered multibagger returns of about 250 per cent in a one-year holding period

Dredging Corporation of India (DCIL) has emerged as a leading enterprise in India in the field of dredging. DCIL is determined to enhance its business of dredging needs of ports, marine structures, Project Management Consultancy and shallow water dredging services. DCIL was established in the year 1976 to provide dredging services to the Major Ports of the country in India. The company is a pioneer organization in the field of dredging and maritime development. The company has an order book of Rs 10,887 million. Mukul Agarwal has 1.80 per cent stake in the company.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.