Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 2 | 2 | 8 | 17 | 28 | 20 | 16 | 25 | 30 | 45 | 43 |
| Expenses | 1 | 1 | 7 | 2 | 4 | 13 | 9 | 1 | 3 | 8 | 33 | 18 |
| Operating Profit | 1 | 1 | -5 | 6 | 13 | 16 | 11 | 16 | 22 | 22 | 12 | 25 |
| OPM % | 42% | 40% | -253% | 74% | 76% | 55% | 55% | 95% | 89% | 75% | 27% | 59% |
| Other Income | 3 | 0 | 2 | 2 | 0 | 1 | -0 | -0 | 4 | 2 | 12 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 4 | 5 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 2 | 4 | 5 | 5 | 5 |
| Profit before tax | 4 | 0 | -4 | 8 | 13 | 16 | 10 | 11 | 19 | 16 | 14 | 16 |
| Tax % | -0% | -0% | -138% | 5% | -1% | 6% | -2% | -5% | 18% | 17% | -100% | 10% |
| Net Profit | 4 | 0 | 1 | 8 | 13 | 16 | 10 | 11 | 16 | 13 | 28 | 15 |
| EPS in Rs | 1.12 | 0.11 | 0.36 | 1.89 | 3.23 | 3.89 | 2.61 | 2.83 | 3.90 | 3.32 | 7.08 | 3.70 |
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 416 | 358 | 196 | 158 | 208 | 168 | -0 | -0 | 6 | 74 | 116 | 143 |
| Expenses | 334 | 230 | 104 | 91 | 163 | 128 | 1 | 1 | 4 | 28 | 44 | 61 |
| Operating Profit | 82 | 128 | 93 | 67 | 44 | 40 | -1 | -1 | 2 | 46 | 72 | 82 |
| OPM % | 20% | 36% | 47% | 42% | 21% | 24% | 35% | 62% | 62% | 57% | ||
| Other Income | 15 | -24 | -18 | 10 | -3 | 1 | -0 | 45 | 0 | 3 | 17 | 17 |
| Interest | 23 | 21 | 15 | 12 | 10 | 13 | -0 | 0 | 1 | 1 | 14 | 16 |
| Depreciation | 19 | 21 | 22 | 21 | 42 | 36 | 14 | 8 | 1 | 0 | 16 | 18 |
| Profit before tax | 55 | 62 | 38 | 44 | -12 | -8 | -14 | 36 | 0 | 48 | 60 | 66 |
| Tax % | 14% | 2% | 6% | 8% | -5% | 12% | -0% | -0% | -2,042% | 2% | -14% | |
| Net Profit | 47 | 61 | 36 | 41 | -11 | -9 | -14 | 36 | 6 | 46 | 69 | 72 |
| EPS in Rs | 2.81 | 3.63 | 2.13 | 2.45 | -0.66 | -0.51 | -0.85 | 11.43 | 1.39 | 11.62 | 17.13 | 18.00 |
| Dividend Payout % | 5% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -3% | % | % | 74% | ||
| Compounded Profit Growth | 5% | % | 115% | 43% | ||
| Stock Price CAGR | 55% | % | 157% | 66% | ||
| Return on Equity | % | 11% | 16% | 22% |
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 3 | 4 | 4 | 4 |
| Reserves | 224 | 259 | 333 | 374 | 428 | 573 | 566 | 25 | 174 | 217 | 268 | 349 |
| Borrowings | 183 | 166 | 139 | 66 | 61 | 58 | 64 | 131 | 18 | 1 | 165 | 203 |
| Other Liabilities | 67 | 180 | 121 | 97 | 98 | 105 | 146 | 165 | 6 | 5 | 24 | 51 |
| Total Liabilities | 492 | 621 | 609 | 554 | 603 | 753 | 793 | 338 | 201 | 227 | 461 | 608 |
| Fixed Assets | 218 | 207 | 216 | 201 | 189 | 324 | 289 | 66 | 58 | 3 | 1 | 309 |
| CWIP | 2 | 1 | 1 | 13 | 19 | 0 | 0 | -0 | -0 | 47 | 222 | -0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 | -0 | 15 | 27 | 34 |
| Other Assets | 272 | 412 | 392 | 340 | 395 | 429 | 503 | 253 | 143 | 164 | 211 | 265 |
| Total Assets | 492 | 621 | 609 | 554 | 603 | 753 | 793 | 338 | 201 | 227 | 461 | 608 |
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 38 | 58 | 62 | 89 | 20 | -8 | 22 | -1 | -4 | 4 | 10 | 45 |
| Cash from Investing Activity | -15 | -12 | -10 | -2 | -5 | 22 | -6 | -0 | 0 | -24 | -167 | -75 |
| Cash from Financing Activity | -28 | -43 | -51 | -88 | -17 | -13 | -18 | 1 | 5 | 20 | 164 | 31 |
| Net Cash Flow | -4 | 2 | 2 | -1 | -2 | 1 | -2 | -0 | 0 | -0 | 8 | 2 |
| Free Cash Flow | 20 | 51 | 62 | 76 | 14 | -8 | 22 | -1 | -4 | 9 | -160 | -28 |
| CFO/OP | -6,742% | 85% | 54% | 100% | 33% | -16% | 57% | 113% | 680% | 142% | 23% | 62% |
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 334 | 191 | 195 | 326 | 553 | 407 | 636 | 7,972 | 974 | 729 | ||
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 334 | 191 | 195 | 326 | 553 | 407 | 636 | 7,972 | 974 | 729 | ||
| Working Capital Days | 122 | 57 | 113 | 262 | 439 | 379 | 520 | 8,618 | 857 | 589 | ||
| ROCE % | 5% | 18% | 26% | 17% | 12% | 4% | 1% | -4% | 1% | 15% | 15% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 94.98% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% |
| FIIs | 0.00% | 12.82% | 12.82% | 12.82% | 12.82% | 12.82% | 4.57% | 4.57% | 4.57% | 4.57% | 4.58% | 4.57% |
| DIIs | 2.00% | 1.58% | 1.58% | 1.58% | 1.60% | 1.60% | 1.47% | 0.31% | 0.31% | 0.31% | 0.31% | 0.31% |
| Public | 3.02% | 10.60% | 10.62% | 10.62% | 10.60% | 10.59% | 18.96% | 20.13% | 20.12% | 20.13% | 20.13% | 20.13% |
| No. of Shareholders | 11,440 | 10,972 | 11,254 | 13,613 | 13,016 | 13,283 | 13,604 | 13,526 | 13,075 | 12,989 | 13,892 | 13,344 |
Fundamentals
Market Cap₹ 2,605 Cr.
Current Price₹ 651
Stock P/E36.2
Book Value₹ 88.4
ROCE14.9 %
ROE21.9 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)74%
Compounded Profit Growth (TTM)43%
Consolidated figures.
Valuation
Market capRs 2,513 Cr
Enterprise valueRs 2,706 Cr
P/E (TTM)34.89x
Price to book7.11x
Price to sales17.59x
EV / EBITDA27.19x
EV / EBIT33.27x
EV / sales18.95x
Price to cash flow55.42x
Earnings yield2.87%
P/E, 3-year average87.25x
P/B, 3-year average4.70x
P/E, 5-year average65.44x
P/B, 5-year average2.82x
Profitability
Operating margin (excl. other income)62.17%
Operating margin (incl. other income)77.13%
EBITDA margin69.68%
Pre-tax margin45.93%
Net profit margin50.42%
Net margin, latest quarter34.56%
ROE21.90%
ROCE14.92%
ROA12.82%
ROE, 3-year average14.51%
ROCE, 3-year average10.09%
ROA, 3-year average9.64%
ROE, 5-year average14.38%
ROCE, 5-year average9.32%
ROA, 5-year average7.96%
ROIC (approx.)17.02%
Tax rate-14.39%
Other income / net worth4.93%
Growth
Sales growth (latest year)57.28%
Profit growth (latest year)47.46%
Sales CAGR, 5 years-7.04%
Profit CAGR, 3 years23.81%
Sales growth QoQ-5.53%
Profit growth QoQ-47.72%
Sales growth YoY (latest quarter)160.64%
Profit growth YoY (latest quarter)30.71%
Per share
EPS (TTM)Rs 18.00
EPS (latest year)Rs 17.13
EPS (latest quarter)Rs 3.70
EPS, 3-year averageRs 10.05
EPS, 5-year averageRs 27.19
Book value per shareRs 88.35
Sales per shareRs 35.70
Cash flow per shareRs 11.33
Free cash flow per shareRs -7.00
Efficiency
Asset turnover0.19x
Fixed asset turnover0.38x
Debtor days729 days
Debtors turnover0.50x
Cash conversion cycle729 days
Working capital days589 days
Leverage
Total debtRs 203 Cr
Cash and bankRs 10 Cr
Net debtRs 193 Cr
Debt to equity0.57x
Net debt / EBITDA1.94x
Interest coverage5.17x
Current ratio (filing 2026-03-31)5.54x
Quick ratio (filing 2026-03-31)5.54x
Trade payables (filing 2026-03-31)Rs 19 Cr
Owners' fund to total sources58.16%
Debt to assets33.44%
Cash flow
Cash from Operating Activity (latest year)Rs 45 Cr
Cash from Investing Activity (latest year)Rs -75 Cr
Cash from Financing Activity (latest year)Rs 31 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs -28 Cr
FCFE (approx.: FCF + change in debt)Rs 10 Cr
Cash from ops / profit, 5 years0.38x
Sales to cash flow2.57x
Statement figures
Net sales (TTM)Rs 143 Cr
Net sales (latest year)Rs 116 Cr
Sales (latest quarter)Rs 43 Cr
Operating profit excl. other income (latest year)Rs 72 Cr
Operating profit (latest quarter)Rs 25 Cr
Other income (TTM)Rs 17 Cr
EBITDA (TTM)Rs 100 Cr
PBDT (TTM)Rs 84 Cr
Profit before tax (TTM)Rs 66 Cr
Tax (latest year)Rs -9 Cr
Net profit (TTM)Rs 72 Cr
Net profit (latest year)Rs 69 Cr
Net profit (latest quarter)Rs 15 Cr
Depreciation (TTM)Rs 18 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 16 Cr
Cost of goods sold (latest year)Rs 23 Cr
Total expenditure (latest year)Rs 44 Cr
Total income (latest year)Rs 134 Cr
Share capitalRs 4 Cr
ReservesRs 349 Cr
Shareholders' fundsRs 353 Cr
Total assetsRs 608 Cr
Net blockRs 309 Cr
InvestmentsRs 34 Cr
ReceivablesRs 233 Cr
Other liabilitiesRs 51 Cr
Shares outstanding (crore)4.00
Ownership
Promoter holding74.99% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 34.9 is at the 71th percentile of its own 3.5-year range
(median 30.8, low 0.2, high 382.4).
P/B 7.11 is at the 84th percentile (median 0.11).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | DOLPHIN | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.3% | -2.8% | -5.6 pts |
| 1 month | +7.7% | -6.8% | +14.5 pts |
| 3 months | +64.9% | -7.6% | +72.5 pts |
| 6 months | +58.7% | +0.4% | +58.3 pts |
| 1 year | +61.5% | -9.9% | +71.4 pts |
| 2 years | +6.9% | -13.6% | +20.5 pts |
| 3 years | +16214.3% | +14.2% | +16200.1 pts |
| 5 years | +149447.6% | +27.9% | +149419.7 pts |
Red flags
F-score 7 of 8| explain | Weak cash conversion Cash from operations was 49% of net profit over the last 3 years |
| explain | Share dilution Share count up 0% in a year, 27% in three |
| look | Auditor change Auditor change 2026-05-05: Dolphin Offshore Enterprises (India) Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹43 Cr +168.8% vs Jun 2025.
Net profit ₹15 Cr +36.4%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Jindal Drilling & Industries Ltd | 1,737 | 8.92 | 13.7 % |
| Alphageo (India) Ltd | 163 | -7.20 % | |
| Aakash Exploration Services Ltd | 87 | 25.0 | 7.63 % |
| Aban Offshore Ltd | 84 | % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-06 | Annual General Meeting | |
| 2024-01-29 | Inferred from price: close fell to 0.102x overnight, no NSE action on record | 0.1000 |
| 2024-01-25 | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share | 0.1000 |
| 2023-09-22 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Close to Close price movement greater than 50perc in previous 3 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 75perc in previous 3 months
Quick answers
What is the market cap of Dolphin Offshore Enterprises (India) Ltd?
Dolphin Offshore Enterprises (India) Ltd (DOLPHIN) has a market capitalisation of Rs 2,605 Cr. at the 2026-10-01 close.
What is the P/E ratio of Dolphin Offshore Enterprises (India) Ltd?
Dolphin Offshore Enterprises (India) Ltd trades at a P/E of 36.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were Dolphin Offshore Enterprises (India) Ltd's latest quarterly results?
In the Jun 2026 quarter, Dolphin Offshore Enterprises (India) Ltd sales was Rs 43 Cr (+168.8% vs Jun 2025) and net profit was Rs 15 Cr.
What is the 52-week high and low of Dolphin Offshore Enterprises (India) Ltd?
The 52-week high is Rs 749.50 and the 52-week low is Rs 322.00.