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Dredging Corporation of India has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q1-Jun 2024-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
Shareholder Name |
Previous Quater Quantity(In Crores) |
Current Quater Quantity(In Crores) |
Previous Quater Shares(in %) |
Current Quater Shares(in %) |
Quater to Quater Difference |
Promoters |
2.06 |
2.06 |
73.47 |
73.47 |
0 |
Public |
0.74 |
0.74 |
21.01 |
21.02 |
+0.01 % |
DII
|
0.14 |
0.14 |
5.14 |
5.09 |
-0.05 % |
FII
|
0.01 |
0.01 |
0.3 |
0.34 |
+0.04 % |
Government
|
0.00 |
0.00 |
0.08 |
0.08 |
0 |
Promoters shareholding remained stable, at 73.47% in both March 2024 and June 2024. This indicates that the promoters’ control over the company did not change during this period. The percentage of shares held by the public increased from 21.01% in March 2024 to 21.02% in June 2024.This change suggests that the public’s investment in the company grew during the quarter.Domestic Institutional Investor’s (DII) shareholding decreased slightly from 5.14% in March 2024 to 5.09% in June 2024 , indicating that domestic institutions reduced their -0.05 stake in the company.FIIs (Foreign Institutional Investors): There was a significant increase from 0.3% in March 2024 to 0.34% in June 2024. This suggests that foreign institutions grew their investments 0.04 in the company during the quarter. During quater from March 2024 to June 2024, Goverenment ownership remained steady at 0.08%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
Shareholder Name |
Previous Quarter Quantity (In crores) |
Current Quarter Quantity (In crores) |
Previous Quarter Shares (in %) |
Current Quarter Shares (in %) |
Quarter-to-Quarter Difference (%) |
PARADIP PORT TRUST |
0 |
0.504 |
0 |
18 |
+18% |
VISAKHAPATNAM PORT TRUST |
0 |
0.545 |
0 |
19.47 |
+19.47% |
VISAKHAPATNAM PORT AUTHORITY |
0.545 |
0 |
19.47 |
0 |
-19.47% |
PARADIP PORT AUTHORITY |
0.504 |
0 |
18 |
0 |
-18% |
PARADIP PORT TRUST had no shares in the previous quarter but now holds 18% of shares in the current quarter.VISAKHAPATNAM PORT TRUST had no shares in the previous quarter but now holds 19.47% of shares in the current quarter.VISAKHAPATNAM PORT AUTHORITY had 19.47% of shares in the previous quarter but exited in the current quarter.PARADIP PORT AUTHORITY had 18% of shares in the previous quarter but exited in the current quarter.
Shareholder Name |
Previous Quarter Quantity (In Crores) |
Current Quarter Quantity (In Crores) |
Previous Quater Shares (in %) |
Current Quater Shares (in %) |
Quater-to-Quater Difference (%) |
Resident Individuals holding nominal share capital up to Rs. 2 lakhs |
0.399 |
0.387 |
14.24 |
13.83 |
-0.41 % |
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs |
0.105 |
0.109 |
3.75 |
3.88 |
+ 0.13 % |
Non Resident Indians (NRIs) |
0.013 |
0.012 |
0.45 |
0.41 |
-0.04 % |
Bodies Corporate |
0.031 |
0.039 |
1.11 |
1.4 |
+ 0.29 % |
Any Other (specify) |
0.041 |
0.042 |
1.46 |
1.5 |
+ 0.04 % |
Qualified Institutional Buyer |
0 |
0.001 |
0 |
0.04 |
+0.04% |
HUF |
0.029 |
0.023 |
1.02 |
0.82 |
-0.2 % |
Clearing Members |
0.008 |
0.014 |
0.3 |
0.51 |
+ 0.21 % |
Observations show a significant difference of -0.41 % in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s financial performance between quarters.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs has significantly boosted stakeholding by an impressive 0.13 %.Observations show a significant difference of -0.04 % in Non Resident Indians (NRIs)’s financial performance between quarters.Leading the way to higher stakeholding, Bodies Corporate has significantly boosted stakeholding by an impressive 0.29 %.Leading the way to higher stakeholding, Any Other (specify) has significantly boosted stakeholding by an impressive 0.04 %.Observations show a significant difference of -0.2 % in HUF’s financial performance between quarters.Leading the way to higher stakeholding, Clearing Members has significantly boosted stakeholding by an impressive 0.21 %.Qualified Institutional Buyer had no shares in the previous quarter but now holds 0.04% of shares in the current quarter.
Shareholder Name |
Previous Quarter Quantity (In Crores) |
Current Quarter Quantity (In Crores) |
Previous Quater Shares (in %) |
Current Quater Shares (in %) |
Quater-to-Quater Difference (%) |
Mutual Funds/ |
0 |
0.002 |
0 |
0.07 |
+0.07% |
Insurance Companies |
0.144 |
0.141 |
5.14 |
5.02 |
-0.12 % |
Insurance Companies decreased their stake from 5.02% in the previous quarter to 5.14% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.12 %.Mutual Funds/ had no shares in the previous quarter but now holds 0.07% of shares in the current quarter.
Shareholder Name |
Previous Quarter Quantity (In Crores) |
Current Quarter Quantity (In Crores) |
Previous Quater Shares (in %) |
Current Quater Shares (in %) |
Quater-to-Quater Difference (%) |
Foreign Portfolio Investors Category I |
0.008 |
0.009 |
0.3 |
0.34 |
+ 0.04 % |
During this past quarter, there was a noteworthy upswing in stakeholding for Foreign Portfolio Investors Category I, which experienced a significant increase of 0.04 % .
Mukul Mahavir Agrawal, these shareholders are the Anchor investors of current and previous quarter.
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