---
title: "Dolphin Kitchen Utensils and Appliances Limited (544170) — Share Price, Financials & Analysis"
symbol: "544170"
company: "Dolphin Kitchen Utensils and Appliances Limited"
canonical: "https://tapetide.com/stocks/544170"
isin: "INE0QXT01018"
nse_symbol: "SAISWAMIMETALSALLOYSLTD"
bse_code: "544170"
sector: "Consumer Goods"
industry: "Household Appliances"
market_cap_cr: 11
generated_at: "2026-09-13T18:27:51.381Z"
---

# Dolphin Kitchen Utensils and Appliances Limited (544170)

Canonical page: https://tapetide.com/stocks/544170

## Company

- **NSE Symbol:** SAISWAMIMETALSALLOYSLTD
- **BSE Code:** 544170
- **ISIN:** INE0QXT01018
- **Sector:** Consumer Goods
- **Industry:** Household Appliances
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-05-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** saiswamimetals.com

## About

Incorporated in 1995, Dolphin Kitchen Utensils and Appliances Ltd is engaged in trading and marketing a wide range of stainless-steel products.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:51:54.669634Z.

- **Market Cap:** ₹11 Cr
- **Classification:** SME
- **P/E (reported):** 3.1
- **EPS (reported):** ₹3.27
- **Book Value:** ₹47.97
- **Price to Book:** 0.17
- **Dividend Yield:** 0%
- **ROE:** 10.71%
- **ROCE:** 12.88%
- **Debt to Equity:** 0.05
- **Revenue (yearly):** ₹33.23 Cr
- **Net Income:** ₹3.55 Cr
- **EBITDA:** ₹4.49 Cr
- **52-Week High:** ₹41.25
- **52-Week Low:** ₹7.35
- **RSI (14):** 12.44

## Tapetide Score

- **Score:** 40 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 14.5 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 81.4 | 9% |
| growth | 5.34 | 9% |
| momentum | 1.12 | 12% |
| ownership | 40.03 | 24% |
| quality | 34.65 | 22% |
| valuation | 62.42 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.17 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.10%
- Tax rate seems low
- Company has a low return on equity of 12.8% over last 3 years.
- Debtor days have increased from 98.9 to 147 days.
- Working capital days have increased from 312 days to 669 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y |
| --- | --- | --- | --- |
| cash flow growth | — | — | -337.13% |
| ebitda margin growth | -50% | 61.03% | 60.26% |
| net income growth | -50% | -4.05% | 347% |
| revenue growth | 13.85% | -49.03% | 74% |
| roce | -52.07% | -59.69% | 361.65% |
| roe | -54.32% | -64.83% | 17.33% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 6.27 | 26.81 | 13.92 | 22.82 | 42.34 | 24.87 | 8.37 |
| Expenses | 6.23 | 25.22 | 12.08 | 20.4 | 39.3 | 21.13 | 7.61 |
| Operating Profit | 0.04 | 1.59 | 1.84 | 2.42 | 3.04 | 3.74 | 0.76 |
| OPM % | 0.64 | 5.93 | 13.22 | 10.6 | 7.18 | 15.04 | 9.08 |
| Other Income | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 |
| Interest | 0.01 | 0.22 | 0.23 | 0.13 | 0.14 | 0.12 | 0 |
| Depreciation | 0 | 0.04 | 0.05 | 0.03 | 0.12 | 0.08 | 0.31 |
| Profit before tax | 0.03 | 1.33 | 1.56 | 2.26 | 2.79 | 3.54 | 0.45 |
| Tax % | 0 | 25.56 | 25 | 25.66 | 27.24 | 0 | 93.33 |
| Net Profit | 0.03 | 0.98 | 1.18 | 1.68 | 2.03 | 3.54 | 0.03 |
| EPS in Rs | 30 | 2.38 | 2.87 | 2.54 | 3.07 | 2.82 | 0.02 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 7m | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 6.27 | 40.73 | 65.16 | 33.23 |
| Expenses | 6.23 | 37.29 | 59.7 | 28.73 |
| Operating Profit | 0.04 | 3.44 | 5.46 | 4.5 |
| OPM % | 0.64 | 8.45 | 8.38 | 13.54 |
| Other Income | 0 | 0 | 0.01 | 0 |
| Interest | 0.01 | 0.46 | 0.27 | 0.12 |
| Depreciation | 0 | 0.09 | 0.15 | 0.39 |
| Profit before tax | 0.03 | 2.89 | 5.05 | 3.99 |
| Tax % | -33.33 | 25.26 | 26.53 | 10.53 |
| Net Profit | 0.04 | 2.16 | 3.71 | 3.58 |
| EPS in Rs | 40 | 5.25 | 5.61 | 2.7 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 4.12 | 6.62 | 13.26 |
| Reserves | 0.34 | 2.99 | 28.06 | 50.34 |
| Borrowings | 6.75 | 5.46 | 7.95 | 3.4 |
| Other Liabilities | 18.74 | 7.54 | 6.63 | 3.53 |
| Total Liabilities | 25.84 | 20.11 | 49.26 | 70.53 |
| Fixed Assets | 0.38 | 0.35 | 2.12 | 1.73 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0.15 | 0.59 | 4.24 | 4.34 |
| Other Assets | 25.31 | 19.17 | 42.9 | 64.46 |
| Total Assets | 25.84 | 20.11 | 49.26 | 70.53 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -4.74 | -1.2 | -20.72 | -23.77 |
| Cash from Investing Activity | -1.2 | -0.49 | -5.61 | -0.11 |
| Cash from Financing Activity | 6.1 | 2.36 | 26.43 | 22.99 |
| Net Cash Flow | 0.16 | 0.67 | 0.1 | -0.88 |
| Free Cash Flow | -5.12 | -1.22 | -22.69 | -23.78 |
| CFO/OP | -11825 | -35 | -379 | -522 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 781.81 | 41.58 | 107.94 | 147.08 |
| Inventory Days | 526.31 | 135.05 | 96.19 | 93.7 |
| Days Payable | 844.21 | 68.69 | 27.14 | 16.83 |
| Cash Conversion Cycle | 463.91 | 107.94 | 177 | 223.94 |
| Working Capital Days | -0.58 | 77.16 | 190.45 | 668.71 |
| ROCE % | — | 34.06 | 19.28 | 7.5 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 99.88% | 62.15% | 62.15% | 62.15% | 53.04% | 50.94% |
| FIIs | 0% | 0.45% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0.24% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0.12% | 30.6% | 34.83% | 34.92% | 44.88% | 42.85% |
| Others | 0% | 6.56% | 3.02% | 2.93% | 2.09% | 6.22% |
| No. of Shareholders | 9 | 1144 | 885 | 900 | 866 | 882 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 8 / 3 / 8

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 8.08 | Buy |
| EMA (10) | 8.16 | Buy |
| SMA (20) | 8.06 | Buy |
| EMA (20) | 8.11 | Buy |
| SMA (50) | 8.15 | Buy |
| EMA (50) | 8.63 | Sell |
| SMA (100) | 9.22 | Sell |
| EMA (100) | 11.5 | Sell |
| SMA (200) | 20.09 | Sell |
| EMA (200) | 17.98 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.82 | Neutral |
| MACD (12,26,9) | 0.01 | Buy |
| Stochastic (14,3,3) | 76.3 | Neutral |
| ADX (14) | 25.34 | Buy |
| Williams %R (14) | -15.56 | Sell |
| ATR (14) | 0.32 | High Volatility |
| ROC (12) | 4.24 | Buy |
| Stoch RSI (14) | 85.61 | Sell |
| UO (7,14,28) | 74.66 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-07-15 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab800908-ca22-4cea-93d5-176803cca064.pdf) |
| 2026-07-01 | [Board Meeting Outcome for Appointment And Resignation Of Independent Director Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=00347492-709e-4ffe-9f7e-55085738e3c3.pdf) |
| 2026-04-27 | [Non - Applicability Of Large Corporate Criteria](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a84bed1-2376-41ad-8269-c31b7aa66397.pdf) |
| 2026-04-25 | [Board Meeting Outcome for Outcome Of Meeting Of The Board Of Directors Held On I.E. Saturday April 25 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1dbe030-9a09-4e1f-b5b2-7ae6b9102e2c.pdf) |
| 2026-04-25 | [Statement Of Deviation And Variation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de1d386a-664f-4606-bdff-6c10ed84e21a.pdf) |
| 2026-04-22 | [Board Meeting Intimation for Intimation Of Postponement Of Board Meeting Under Regulation 29 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e22aabdb-1a6e-4829-97bb-35a1f969ff1a.pdf) |
| 2026-04-18 | [Board Meeting Intimation for Intimation Of Postponement Of Board Meeting Under Regulation 29 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3cc77292-9be2-4ce8-9e41-57d1e17ddc4b.pdf) |
| 2026-04-13 | [Board Meeting Intimation for Intimation Under SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4235ebb5-5f3e-41d6-a56b-16efa7d38945.pdf) |
| 2026-04-07 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=44a85f91-7496-4ad5-b578-6b77d153d7f9.pdf) |
| 2026-03-28 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=075d7850-4f46-4b59-8cf8-cc1081309dae.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Company confirms it is not a SEBI large corporate as of March 31, 2026. | [Non - Applicability Of Large Corporate Criteria 8h - Company confirms it is not a SEBI large corporate as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6a84bed1-2376-41ad-8269-c31b7aa66397.pdf) |
| 8h - Board approved FY26 standalone and consolidated audited results; unmodified audit opinion on April 25, 2026. | [Board Meeting Outcome for Outcome Of Meeting Of The Board Held On I.E. Saturday, April 25, 2026 8h - Board approved FY26 standalone and consolidated audited results; unmodified audit opinion on April 25, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1dbe030-9a09-4e1f-b5b2-7ae6b9102e2c.pdf) |
| 8h - Board approved audited standalone and consolidated FY2026 results on 25 April 2026; auditors issued unmodified opinion. | [Statement Of Deviation And Variation 8h - Board approved audited standalone and consolidated FY2026 results on 25 April 2026; auditors issued unmodified opinion.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/de1d386a-664f-4606-bdff-6c10ed84e21a.pdf) |
| 7 Apr - Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the period ended March 31, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the period ended March 31, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/44a85f91-7496-4ad5-b578-6b77d153d7f9.pdf) |
| 6 Feb - Board meeting on 13 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for Declaration Of Un-Audited Financial Results As On 31St December,2025 In The Board Meeting To Be Held On 13.02.2026. 6 Feb - Board meeting on 13 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fc93c45a-fc3f-4e8b-8a13-1eecd78f7d93.pdf) |
| 28 Mar - Statutory auditor firm renamed from Patel Jain & Associates to Bhatt Shah Mekhia & Co, effective 20 Jan 2026. | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 28 Mar - Statutory auditor firm renamed from Patel Jain & Associates to Bhatt Shah Mekhia & Co, effective 20 Jan 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/075d7850-4f46-4b59-8cf8-cc1081309dae.pdf) |
| 27 Mar - Trading window closed from Apr 1, 2026 until 48 hours after audited FY2025-26 results announcement. | [Closure of Trading Window 27 Mar - Trading window closed from Apr 1, 2026 until 48 hours after audited FY2025-26 results announcement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13b20af3-7df5-4a52-9a1b-a865d1f47dc1.pdf) |
| 27 Apr - Company confirms it is not a SEBI large corporate as of March 31, 2026. | [Non - Applicability Of Large Corporate Criteria 27 Apr - Company confirms it is not a SEBI large corporate as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a84bed1-2376-41ad-8269-c31b7aa66397.pdf) |
| 26 Jan - CS Vidhi Dilipkumar Mehta resigned as Company Secretary and Compliance Officer effective 26 Jan 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 26 Jan - CS Vidhi Dilipkumar Mehta resigned as Company Secretary and Compliance Officer effective 26 Jan 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80236912-40cf-4d60-9330-7fb61dbbb678.pdf) |
| 25 Apr - Board approved FY26 standalone and consolidated audited results; unmodified audit opinion on April 25, 2026. | [Board Meeting Outcome for Outcome Of Meeting Of The Board Held On I.E. Saturday, April 25, 2026 25 Apr - Board approved FY26 standalone and consolidated audited results; unmodified audit opinion on April 25, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a1dbe030-9a09-4e1f-b5b2-7ae6b9102e2c.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-04-25 | [Outcome Of Meeting Of The Board Of Directors Held On I.E. Saturday April 25 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8176de7e-926d-4389-8a93-440cccb58267.pdf) |
| 2025-11-13 | [Outcome Of Meeting Of The Board Of Directors Held On I.E. Thursday November 13 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a54dad7f-4012-443e-bba6-6c401978bd82.pdf) |
| 2025-05-30 | [Financial Results For Period Ended On March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f74831d1-649d-4db3-ab24-a4f26975914c.pdf) |
| 2024-11-14 | [Financial Results For The Period Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b5b6a6f-98c9-4807-bb8e-d3cd6696bcc7.pdf) |
| 2024-05-28 | [Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulation, 2015.Audited Financial Results (Consolidated And Standalone) For The Half Year And Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a060f966-ae01-4062-bf7f-c0b19bab225a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1264_RUBYMILLS_2012_2013_29082013110658.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5df62e6b-25b8-44ac-8a35-7285a78a094a.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/52437a91-62cb-42bb-96e5-195087b91db8.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7136a38a-986a-437b-86b8-bacab800ca4e.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/96e86abd-eba8-4e57-b4e3-c39c9aa8ab53.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9805f1f8-231c-4c6f-a492-fa191234eeb6.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/503169/75415503169_20_09_22.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/503169/70887503169.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/503169/67568503169.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/503169/5031690319.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:27:51.381Z.